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DW <br />;I <br />r -y� <br />F <br />4. hslaraaee. Trusfnr, et itreapeese, wig maiutatn eriW itwrets appeased by &aefieiary, insliraoce with rer(pect w theianpmvrrreata and persaralpcvyer;retxstitntingthe <br />Pmpeety against loll by fur-. bithtnins, tornado. and other ptrils covered by a stanch a es:ended coverage endorsement. in an amount equal to at least one hundred percent of <br />the fall replomment value thereof; and insurance spinet such other hazards and in va h =aunt so is customarily carried by ownersai d operator of similar properties and as <br />Beneficiary may require for its prMttiomTrnatcr will empty with such other requirements n Beneficiary may from Low to time request for the protection by iosutitum oftbe <br />interest of the respective portiere At iacaurce pcuies maintained pursuant to this Bred of Trust shall name Truster and Bkc� rwary as imureda, as their respective interests <br />may appear. and provide that thereshsll DroocaiScellatinnaczodiGcatim withmttwritten notice to the Beneficiary fftem tlb)da)SPAxto its expiration date. In theevmt of <br />Q' iaacellstion of such inauntice' Trustee or Beneficiary'A' Pa., --I& ; *m� --and the cost thereat shall be sdded to the loan secured by this Deed of Trust and shall beer in- <br />West from the date ofdMineta ntastherateMIM % It= time to time oaoutatandins principal onthe Note vn_ Senspa} mtoflntrsrxtatsuch rate wixldbeomba +ytGapf <br />plinbie law. in which event such amounts shall bear interest at the hishest interest rate suthotized by appliablelaw. Tnator shall deliver to Beneficiary the original pdiein of, <br />!"� imurtence and renewala thereat as regniredberrokW shall, at the option of Benefaeiuy. ewtitute a default. All <br />O unearned WO ums are hereby awned toTtvstee as adi Umd county and a saleand conveyance of the Property by the Trustee shall operate to convey to the purchaser the <br />Trustor i interest in and to all policies of insurance upon the Property. <br />5. Tans. Asamaseatw and Marges. Trustor shall pay all rases, aseeesmrats and othercharga+, including. without limltatbns. fines and impositions attributabk to the Pro- <br />perty. and leseeioid paytnmts or ground rents, if any. before the acme beroma delinquent Truster shill promptly furnish Beneficiary- all notices of amounts dire under this <br />paragrapk sad in the event Ttuatot shall make payment directly. TruMer ehahl promptly furnish to Bene$ciary receipts ecidendng sueh payments. Trustor shall pay all tezas <br />and assns MU levied upon this Med of That or tine indebtedness secured hereby, tolWher with any other taxes or assessments which may be levied against the Trustee or <br />Baaw'dary or�tha lW1 holder of the Note. <br />B. Askdit oat Liras sad penteetlon of Beadicla y's Sma ity. Trustm shall make all lmgmcufa of Interest and principal and payments of any othez charges. fees and ex- <br />peasee required to 6r paid by the term! of say priow or ruhaequent deed of trust or mortgage Ware the date they are deliquent or in default. and promptly pay and discharge an <br />Ed all O&Mlieme. claims or charm which nazi jeop irdime the security granted lirrein. If(a) Trustor flails tb make any such payment orfailatoPerform anyof the mrenantsand <br />rgswents contained in this Deed of I mst, or the igafnne refer red to herein. or in any prioror subsequent r ortgageor any prior Of subsque nt deed of truce or (b) if any action or <br />pivoeedins " cumamencxd which materially oftecti, Besteficiarp s interest in the Property. including, but is not limited to. eminent domain proceedings, proceedings involving a <br />> m4e sit notice of sale byTcaatee:.wtfei: cf i�lJij Trmtee rantratgage forerlasurr action then Bemr'dM. at Btmiciary s option and without uuliceto or demand upm <br />Ju for and without rrlessing TruoW, fb;'a tame t;+iti stjon !i"Imfer, may make such appmranom disburse such owns and take eacl . rimuia ra. iC necessary to protect <br />lrextb-1s A in(a�at such aeries tan hzikde lli iniA kited to. aisburnmcat cf reasonable attmaey's feel. payment, purchase. contestoc-x rise of any encumbrance, <br />cluro at Gres, entry upon the Proliett: W crkn;.i � s; or declaration of default uadrrY3ia Deed of Trust and Note referred tober ein, and sail«;r **TM thereunder. In the <br />event that Trust= shall fall to Ptvtsre iris�e tv !r qay tarns. aiw semente. arcs a charges or to make any payments to any existing jrtrc►•esals nmsmt lie�nholilm or <br />prior ra subsequent beaeficiaric BeOefue3anq tx ,:: srocure such insurance and make afich payment. but shall not be obligated to do en. Any amounts disbursed by Beneficiary <br />kur mart to this Paragraph E di:t# !nos=e additiiooal indebtedness of Truster sexvred by this Deed of Trust Such amounts shall be payable upon notice from Beneficiary to <br />Tr»taa requesting payment t -=f shall bear interest from the date of disbursement at the rate payable from time to time an out- -tuiding principal under the Note unless <br />M)moment of interest a) such radeac46i ;e con*_^ary to applicable law, in which event such amounts shall bear interest at the highest rate permissible under applicable law. <br />..Was contained in tlt-tu Pariagit ice, 'a'c".3ar.1 trc:ri .Beneficiary to incur any expense or take any action hereunder. <br />7. Leased Premises: Assigrtme:ty xl lac: Yii era ten (10) days after demand. Trustor shall furnish Beneficiary a±;h`dale cer tifeed to be true, setting forth all leases of <br />space in a of the Property then ri i(itta: me "iin • >nch case the name of the tenants and occupants a description of toe space occupied by such tenantaand arupmta, the <br />Mtal payable for such space ma- ittelii adorer i�-�;r Umrn and dw..naeints with respect to such leases and tenancies as the Beneficiary may request <br />Without the prior written c orw4ri- i beneficiary. Trmtor sta rmkv3irectly or indirectly, with respect to any lease of space in the described premiers. whether such lease is <br />now or hereafter inexistence; (a ) acceptor permtin :t aymetit. antoradvance rentPayablethereunder.A) cancel orterminatethesame ,orooLvig.kaycancellation,ter. <br />rofinatian or surrender thereof, or permit any e:-f 0: i mar which would entitle the lessee thereunder to terminate or cancel the same, (c) amend or rqndIbt ihne same so as to <br />reduce the teem thereat, the rental payable thenimitr. or to change any renewal provisions therein conained; (d) waive any default thereunder or bnresrdl:finaeof; (e) give any <br />coawnt, waiver or approval thereunder or take any%4her action in connection therewith. or with a lesere thereunder. which would have the effect aUiiii ling the value of <br />leases interest therrunderon the Property. or of impairing the position or interest of the Trustee or Beneficiary; or (A sell. assign, pledge; mvrrgcgear- &0- .4wise dispose of. or <br />encumber, in any such lease or rents, issues or profits issuing or arising thereunder. <br />Beneficiary shall have the right, power and authority during the continuance of this Deed of Trust to collect the rents, issues and profits�di "able.OrrJfi ty vzd of any personal <br />Property located thereon with or without taking paesewon of the property affected hereby, and Trustor hereby absolutely and uneooditiorAlly iulsigns W Euvra rents, issue and <br />Profits tv Beneficiary. Beneficiary, however, herefrl•exzeents to the Trustees (Alectian and retention of such rents, issues and profits as they aacrueand become Dayable so long <br />m Traitor is not, stanch times, in default as de&prii herein. Upon any such default: Beneficiary may at any time. either in person, by agent, or by a recelver to be appointed by e <br />court, without notice and without regard to the nlfig tic; of say eurity for the iadnbtzzdaess hereby secured: (a) enter upon and take pasumation of the Property of appy 11art <br />thereof,s adin its own, Mae "for or otherwise irle OIsmebrmW iknin rind firnfilt ircluding those past due and unpaid, and apply thohatrie. few costs and expensm oropw� <br />ficaaad oollectioo, including reseairhsle attorney lcet,siton any iarih6Griinrr3necurva' hereby. and in such order as Beneficiary may delatmiue; (b) perform such arts vi rctvt(trynr <br />profeetioo as may be necessity or proper to conserte.i)ur value tr��lho lrrrtperty; and W tease the same or any part thereof for such rental; rant. and Wxsn each conditions ea Its <br />judg�t way dicute. or terminate or adjuet the (elms- and coaMitm of exintlag, liN}o. Unless Trustor and Beneficiary agree otherwise in writing, arryappliatian Off "4 ; <br />issues orpeaftta to ray Indebtedness secured hm4m. x(mi] notex tendorpoetpateflitdwreiateoftheinstallmentpaymentsasprovidedin ,nidNoteordbkttg!Oleamountolwdi ' <br />installttxentA Tlxt entering upoYi sod taking powestWl of the Property, the eolicciloirnfehA rents, issues and profits, and the spplitctiao, thereof as de& -rfhrh herein, shall nit <br />waive or care ent' old' auitoraetim( A default hereunder .or invalidate any act done. " Orrtinttosuchnatice. Trustoral soanigrtatoBenef idusy .asfurtherMkorit,forthepdfnr. <br />manna of the ODligatiaw aerurid heathy, all prepaid rents and all monies which may tuve been or may hereafter be deposited with said Tm2toe by a hnsee or three Propettx , t:a <br />secure the psyaent of any rte; and upon default in the performance of any of the provisions beteof; Trustor agrees to deliver sash ivntaynd deposits to the Beaefl&r,� <br />Iklivery of written notioeotBeuh.fidny eexeMWof the rights granted herein, to t,ttynenantoocupyi: g nail premises s1uJl be auffcientt a tu.iare said tm mttopsy said rent to <br />the Beneficiary until further notice. <br />S. Eveatoof Defaa t. Any of the following M101MA ball be dtwmM as event of dtla6t hereunder: <br />(a) Tnatorshsll fail topay tla eprindpalor interest oftheGLllis '.ions when di;c. <br />(b) Tnator shah files voluntary petition in bankruptcy or F :,,L be sdjudicatee: a bankrupt or insolvent. or shall file any petition cr answer seeking or acquiescing in any <br />raorillaint+os• arrangement composition. readjustment, liquidation, disc* 146 -,rr or similar relief for itself under any present or future bankruptcy, insolvencyorother <br />relief for debtors; or" seek or consent to or acquiesce in the appoir tMI t ot r:oy trustee, receiver or liquidator of Trustor or craft or any part of the Property, or of <br />any or'a.h of the royalties, revenues. rents, issues or profits thereof. or sWl mc3ce any general assignment for the benefit of creditors, or shall admit in writing is in• <br />abl:L'?y t:; pay its debtsgenerall yan they become due; or <br />(e) A ccr;Yt of c :rtpetm': j risdiction shall enter an order. judgement or rleeree s roving a petition filed against Trustor seeking any reorganisation. diedutioa or similar <br />relpf .,vier any Crest: -4 or future federal, lute or other atatute. law or regulation relating to bankruptcy, insolvency or other relief for debtors. and such order. judgef <br />mecA or &xtite shill remaln unvacated turd enstayed for an aggregate of nosh• 160) days (whether or not ccnsec.'ai e) from the first date of enW titersaf; or any trsstee, <br />tvrr tar er liquddator of Tn:stor of a:h :r any part of the Property. or cf ar-7ce all of the royalties, revenuer: nati, issues or profits thereof, sb&.1 he appeinte d withcut <br />Oe omwilt nraequiescence olTrustxnul aw ?n appointment shall rrma:u unw.xited or unauyed foram a*jsyatndf sixty (6O) days (whetherornot connotative): all <br />(d) A writ of ewcutioi cr a :Zwhment of r vi mtilar protm ta'ta!1 be entered against Trustor which shall tivMff. a Iten on the Prormity. or any portion thereof or thria .Yc <br />therein and such exK%uo vt. attachmem dr similar praxvei of iadgemeet is not released, bcaded, satwfe±. ua'co:ed or eta y l within ninety (90) days after iin tarry or <br />levy;ce <br />(c) TherY hn9 occured a breach of derauA under any term. covenant. at +rtuent. condition, provielun. mrc+ctttation or warranty contained hereiut nr in any of the <br />dommeaus evudenring Obligations neared by this Deed of Trust: or <br />(f) Trustor fai18 to pfrfoa"itt any terms, conditions. covenants, or agreements which are part of other than this fined of Trust any document whit h secures all or any par: of <br />the 061itptons. <br />9. Cmuko tloa.If title to any part of the Property shall be taken in condemrmtmo proceedings, by right of eminent domain or simifar acrwn. or shall be so!d under threat of <br />con&ffuiattao. a,i rewards. damages; and pros- cis are hereby assigned and shall be paid to Beneficiary who shall apply such swards, damages and proceeds to the sutras W ured <br />by this Deed of Tout, with the exreea, if may. pud toTrustor' if Trusfnr ran ivrs any notice or other information regarding such actonsor pro(ec dings. Trustw thin give prompt <br />written notice ttxreof co Beneficiary ffenef ciary shall hr entitled. at its option, to commence. appear in and prosecute in its own flame any su(h action or prmeedings and ehaU <br />be entitled ,o make any cwproa.i_l�e or _.E-ttlement in cone -tom with any such .coon or pr reediags <br />Paige 2 of 4 <br />T L f <br />C° <br />.j <br />} <br />•JN '� <br />