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<br />102181
<br />insurance premiums, ground rents, and all other charges whatsoever levied upon or assessed, placed or made against the Trust
<br />Property. Trustor further agrees, upon written request by Beneficiary, to promptty deliver to Beneficiary all receipts for the payment of
<br />such charges. Trustor likewise agrees to pay all taxes, assessments and other charges levied upon or assessed, placed or made
<br />against. or measured by, this Deed of Trust or the recordation hereof.
<br />5. Appiiverion of Payments. All payments received by Beneficiary as to any debt, liability or obligation owed to Beneficiary by Trustor
<br />may be applied by Beneficiary to the payment of the Indebtedness or to any such other debt, liability or obligation, in any order or
<br />manner of application which Beneficiary, in its absolute discretion, deems appropriate. Unless otherwise elected by Beneficiary, any
<br />such payment shall be deemed applied first to the payment of any debt• liability or obligation other than the Note.
<br />6. Charges; liens. Trustor will keep the Trust Property free from all liens and encumbrances which in any way may, in the judgment of
<br />Beneficiary, have priority over, or impair the security of, this Deed of Trust but Trustor need not discharge any such fie" so long as
<br />Trustor shall agree, in writing, to pay the obligation secured by such lien in a manner acceptable to Beneficiary and shall in good faith
<br />contest such lien by appropriate legal proceedings effective to prevent the enforcement of the- flGn and the loss of any interest in or
<br />pan of the Trust Property.
<br />7. Hazard insurance. Trustor shall keep the buildings and other improvements now existing or h rgenC erncf.+ed on the Trust Property
<br />insured by insurance carriers satisfactory to Beneficiary against loss by fire, hazards included in" ti°: (r:' "extended coverage" and
<br />such other hazards, casualties and contingencies as may be required by Beneficiary, in such;-; it b'.Irds and for such periods as may be
<br />required by Beneficiary. The policy of insurance shall be in form acceptable to Beneficiary, pry3vilit ittat the same may not be
<br />cancelled or modified without fifteen (15) days prior written notice to Beneficiary, and shall ha<e lileig' gyable provisions in favor of and
<br />in form acceptable to Beneficiary. All premiums on insurance policies shall be paid in the manr, �tl,rri, Idea under paragraph 4 hereof
<br />or. if not paid in such manner, by Trustor making payment at least fifteen (15) days prior to the: dur'.dat , d:�ectly to the insurance
<br />carrier. Beneficiary shall have the right to hold the policies and renewals thereof and Trustor s prcrr,'nv v furnish to Beneficiary all
<br />renewal notices and all paid premium receipts received by it. In no event shall Beneficiary or Twee' be held responsible for failure to
<br />pay insurance ipramiums or for any loss or damage arising out of a defect in any policy or aris.?-v .out .o. arty failure of any insurance
<br />company to pay,for any lass or damage insured against or for faj' :xre by Trustor to effect the insurarce required hereunder. In the event
<br />arloss, Trustor shalt give prompt notice by mail to the insurance carrier and Beneficiary. BeneFoau,Ylrzr make proof of loss if not'
<br />riTrde promptly or in preperlorm by Trustor. All policies of insurance and any and all refunds c7f urreail -, d Oremiums are hereby
<br />assigned to Beneficiary. 4s additional security for the payment of the Indebtedness. in the evnRtvf Beneficiary's exercise of the power
<br />of sale contained herein_ or ih the event of foreclosure, all right, title and interest of Trustor in and to any insurance policy then in force
<br />shall pass to the purchaser at the trustee's sale or foreclosure sale. In case of any loss, the ;hsurance proceeds may, at the option of
<br />Beneficiary, be applied Ly 8erreficiary upon the indebtedness, or any part thereof, and in such order and amount as Beneficiary may
<br />determine; or said insurwo, proceeds, at the option of Beneficiary, may either be used in replacing or rr..storing the Trust Property
<br />partially or totally destroyed fa ,a: condition satisfactory to Beneficiary. or said insurance proceeds. air �iyr portion thereof, may be
<br />released to Trustor. Unit!- i umiffariirr tlhd Trustor otherwise agree in writing,.vy such appffc ;oa' =� mwrance proceeds shall not
<br />extend or pcsfpane the auo d4ve at the Note, or any installments cal''ed for therr,t-,, or chznge 076 amdarr of such installments. If the
<br />Trust Property is acquired by Eeneitcrragt pursuant to the exercise of the powasid :ale or VTer foreclosire. all right, title and interest of
<br />rrustor in and to any insurrrice proceeds payable as: a. result of damage to &iq TruSr Property prior to the sale or acquisition shall parrs. :
<br />its- Beneficiary and shall be applied first to the costs aid expenses, including alfwTiey fees, incurred in call3cting such proceeds, 11;aJ7
<br />in the manner and in the order provided herein.
<br />8. Preservation and Maintenance of Trust Property. Trustor will keep the buildings and other improvements now or hereafter erected an '
<br />the Trust Property in good repair and condition and will not commit or permit waste, will nor alter the design or structural character
<br />constituting any building now or hereafter erected on and constituting the Trust Property without the prior written consent of
<br />Beneficiary, will not do any act or thing which would unduly impair or depreciate the value of the Trust Property and will not abandon
<br />the Trust Property. Trustor will not remove any hxtures constituting the Trust Property unless the same are immediately replaced with
<br />like property subject to the lien and security interest of this Deed of Trust and of at least equal value and utility. Trustor will comply with
<br />all present and future ordinances, regulations and requirements of any governmental body which are applicable to the Trust Property
<br />and to the =tp;ncy and use thereof. If this Deed of Trust is on a unit in a condominium or a planned unit development, Trustor shall
<br />perform all et rrustor's obliflations under the doclaratlons or covenants creating or governing the condaminium or the planned unit
<br />development, the bylawq and regulations of the condorrilnium or planned unit development, and the cons!: tuent documents.
<br />. ;m!pection. Beneficiary or its agents may, at all reasonable times, enter upon the Trust Property for the purpose of inspection.
<br />L¢nefrciary shall have no duty to make such Inspection and shall not be liable to Trustor orto any person in possession 011 makes or
<br />farts to make any such inspection.
<br />10. PAVecborr at S,acunfy. it Trustor fails to perform any of the covenants and agreements contained in this Deed of Trust, or if any acriap
<br />&'proceeding is commenced which does or may adversely affect the Trust Property or the interest of Trustor or Beneficiary there;i7'or
<br />ales title of Trustor thereto, then Beneficiary, at its option, may perform such covvenants and agreements, make such appearances,
<br />defend against and investigate such action or proceeding and take such other action as Beneficiary deems necessary to protect its-
<br />interest includng, but not limited to, disbursement of reasonable attorney fees and entry upon the Trust Property to make repairs. Airy
<br />amounts dislvmsed by Beneficiary pursuant to this paragraph 10, with interest thereon. shall constitute Indebtedness of Trustor
<br />secured by this Deed of Trust. Unless Trustor and Beneficiary agree to other terms of paynlenf, such amounts shaft be payable upon
<br />notice from Beneficiary to Trustor requesting payment thereof, and shall bear interest from the date of disbursement at the defaultrtlle;.
<br />If any, set forth in the Note, or othenvlse at the highest rate permitted by law. Nothing contained In this paragraph shall require
<br />Beneficiary to incur any expense or take tiny action hereunder. Trustor irrevocably authorizes and empowers Beneficiary to enter oport
<br />the Trust Property as Trustor's agent and,' in Trustor's name or otherwise to perform any and all covenants and agreements to be
<br />performed by Trustor as herein provided. Beneficiary shall, at its option, be subrogated to any encumbrance, lien, claim or demand
<br />and to all rights and securities for the payment thereof paid or discharged by Beneficiary under the provisions hereof and any such
<br />subrogation rights shall be additional and cumulative security for this Deed of Trust.
<br />11. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or
<br />other taking of the Trust Property, or any part thereof, or for conveyance in lieu of or in anticipation of condemnation, are hereby
<br />assigned to and shall be paid to Beneficiary. Trustor will file and prosecute, in good faith and with due diligence, its clalrn lot any such
<br />award or payment, and will cause the same to be collected and paid to Beneficiary, and, should it fad to do so, Trustor irrevocably,
<br />authorizes and empowers Beneficiary. in the name of Trustor or otherwise, to file, prosecute, settle or compromise any such clam and
<br />to collect receipt for and retain the proceeds. If the Trust Property is abandoned by Trustor• or, after notice by Beneficiary to Trustor
<br />that the condemnor offers to make an ti►vaN or settle a claim for damages. Trustor fails to respond to Beneficiary within thirty (30) days
<br />after the date such notice is matted, gensticiary is authorized to collect and apply the proveuds in thu manner Indicated hots ,, Thn
<br />proceeds of any award or claim may, after deducting all reasonable costs and expenses. includinq attorney fees, which ma;` 173V••
<br />been incurred by Benchctjry in ire collection thereat, at rho sole discretion of BPneficrary, t, released to Trustor. aplifo ! to
<br />restoration of Trust Property, or applied to the payment of the Indebtedness. Unless Beneficiary and Trustor othemise agree rn .wit rig,
<br />any such application of proceeds to indebtedness shall not extend of postpone the due date of rho Note or the payment of any
<br />installments called for thereunder
<br />12 Trustor Not Released fxMnsion of the tmp for payment or nrudrllcabcn of any alnolli atrvn of the indebtedness arwr w) bY' Re,:8'9.C' xiq,
<br />rU any Sjr cessur in interest of TrUSrot `:h;W tlrlt Operare rr) relei6o. trr anytniftwer, the liabiltty of Trlrs!v' wid ruisr;r• ; sti_. Cr.e :• /.!; �I
<br />interest Br3R•e!rWaty Shiilf nJf ile rLfgf/rred f6 cUmnlOriCa prt;C,eUWIIS atJirrn ;f such ;Ur CC ,SOr Or tf+fu.E' t0 e`Irfena; /i =' .' ;I� r)5r1 %rf "rsr
<br />otherwise madly arnurfizatron of Thu Indebtednoss by reason of an y ifelnand Made by Trwaur and Trustor S SUCGPS �'7t!.
<br />;n Interest
<br />14 FuJanclal infunlatott Upjn request of flenrtclary. lrwrot w/:i: hl(ry eb, tr, fit•nI!f:; r;try ,•. 'h,F, : ,nr tv f %0' Wks (.• till, { :..,r• n` e,r' tr
<br />year of Trustor. the r.0 "."W da!4d hal.irwe ••hut"t and •:file llivill nt 0 " fit: rr:lp 0 T -fr ": r •in <! <any irrirf err rl(r,lran!nrs rf tin I•r, hh'P't "t >,.;
<br />Sefarled heloby it any. arut n. -1 hn,'r :c!e atilt (lei,ver to flonfihrear y '.•rr.ff tt!hE t ! rt,ir • r :r; •rrrr!rn }t 0 }r i %'Y! r' +.'.fit h n',N }nt,r ,. (tp• ..r, r {�
<br />Tray reasonably regi.e a hr,m Ina= ;r: r vu•
<br />14 : ;nirnr.•ai r:ovenanf. ^. Inert l' - / }r'- ;irry r.l!,er l ira }- i.ta!r ocetr,iia. r f IL, .tr • rr'.
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