Laserfiche WebLink
�= <br />89- 191934 <br />enjoyment of the Trust Property. <br />13. operation of Business and Maintenance of Property. <br />Trustor shall; at all times maintain and continue its operation <br />along the same line of business and incidental and telated <br />businesses as it is now conducting, and shall at all 'times conduct <br />its business with diligence and in a prudent and economical manner, <br />and sha1L maintain its property, equipment and all assets in good <br />working.order and condition and properly equipped, and make all <br />needful and proper repairs, renewals, replacements and improvements <br />thereto and thereof. .Trustor shall not use the Trust Property, or <br />any part thereof, or allow same to be used or occupied for any <br />unl-aWal purpose or in violation of any certificate of occupancy or <br />other permit or certificate, or any law, ordinance or regulation <br />cck *ering-or affecting the use or occupancy thereof. Trustor shall <br />not suffer any act to be done or any condition to exist on the Land <br />or Buildings or any part thereof, or any article to be brought <br />thereon, which may be dangerous, unless safeguarded as required by <br />law, or which may, in law, constitute a public or private nuisance, <br />or which may make voidable any insurance then in force with respect <br />thereto. <br />14. Repairs, Replacements, Alterations and Additions. <br />(a) Trustor shall keep all Buildings and Personal <br />Property now existing or hereafter located on the Land in good <br />order, repair and condition (ate least equal to: or better tharm ;i he <br />condition presently existing, so that the va�bae of the Trust <br />property will not be diminished below the appraisal value at the <br />time hereof) fully protected from the elements and other hazards, <br />=.d shall replace all items necessary to keep the Land and <br />Buildings in good repair. Trustor agrees not to commit or permit <br />damage, deterioration, impairment, trespass'or waste of the Lard <br />and Buildings. Trustor shall promptly repair and restore, in a <br />good and workmanlike manner, any and all:'damage or deterioration of <br />the Land and Buildings, whether or not insurance proceeds are <br />available for such repair or restoration. Trustor shall complete <br />any improvements proposed to be constructed or now under <br />construction. Trustor agrees not to construct any new <br />improvements, or make or permit to be made any material alterations <br />or additions to the Trust Property, without the prior writter. <br />consent of Beneficiary. Trustor shall not abandon the Land or <br />Buildings and shall use its best effort to prevent any act or <br />condition which might impair the value or usefulness of the Trust <br />Property or any part thereof. <br />(b) Trustor shall not permit''any.of the fixtures to be <br />removed at any time from the Lard and /or to ildings, without the <br />prior written consent of Beneficiary, unless actually replaced by <br />an article of equal suitability and value, owned by the Trustor, <br />free and clear of any lien or security interest except such-as may <br />be approved in writing by Beneficiary. <br />(c) Seneficiary may, at its sole option and in its sole <br />discretion, make necessary repairs and replacements so as to <br />maintain the Land and Buildings for their intended use and <br />occupancy, and a;iy such amount advanced by Beneficiary shall be <br />immediately repaid by Trustor to Beneficiary, or in Beneficiary's <br />discretion, said- amounts shall be added to-the balance of the <br />principal indebtedness outstanding on the Note secured by this Deed <br />of Trust, and said amounts shall bear interest as provided in the <br />Note; and <br />(d) In the event that Beneficiary, in its sole <br />discretion, now or hereafter determines after inspection of the <br />Buildings and Personal Property that Trustor is failing to carry <br />out its responsibilities and obligations under this section 14 to <br />keep the Buildings and Personal. Property in good order, repair and <br />condition, then Beneficiary shall notify Trustor of such <br />determination, and, in addition to any other remedies which <br />Beneficiary may have under this Deed of Trust, in equity, at law, <br />by virtue of statute or otherwise, Beneficiary.shall have the <br />right, at its option and in its sole discretion, to demand that <br />D: \LOAN DOC\HEALTH. DOT <br />April lo, 1989 6 <br />J <br />