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insurance premiums, ground rents, and all other charges whatsoever levied upon or assessed, placed or made against the Trust
<br />Pmpwty, Trustor further agrees, upon written request by Beneficiary, to promptly deliver to Beneficiary all receipts for the payment of
<br />such charges. Truster kkewise agrees to pay all taxes, assessments and other charges levied upon or assessed, placed or made
<br />CO against or measured by. this deed of Trust or the recordation hereof.
<br />05. Application of Payments. All payments received by Beneficiary as to any debt, liability or obligation owed to Beneficiary by Truster
<br />0 may be applied by BetwfFclary to the payment of the indebtedness or to any such other debt, liability or obligation, in any order or
<br />CO manner of applfcatfon which Benefciary, In its absolute tkscroWn, deems appropriate. Unless otherwise elected by Beneficiary, any
<br />such payment shalt be deemed applied first to the payment of any debt, MAW or obligation other Man the Note.
<br />t!. Charges: 11 ens. Trwfor will keep the Trust Pmpetty lee Atom all+Fens and encumbrances wNch in any way may. in die ftxW nt of
<br />8enef isty. have priority over, or impair the security of. this Deed of That but Trustor reed not discharge any such Lien so long as
<br />Truefor shit agree, in wriang. to pay the obligation wood by such ken in a manna acceptable to BaneNciary and shall in good fahh
<br />moo such iwt by oppipphate legal proceedings efhctrve to prevent the enbrcement of the Nat and the loss of any interest In or
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<br />part of ate Truer Property.
<br />7. Naaard htsu nine. TWIN shah keep the buikiirtya and other Improvements now existing or hereafter erected on the Trust Property
<br />Irmmed by hqurance carriers saasfectoy to 8eneffciary against kiss by fire, hazards included In the term "extended coverage" and
<br />such other hazards. casualties and continganeles as may be required by Sendkiary. in such amounts and for such periods as may be
<br />requked by Beneflary. The polcy of insurance shah be in kmm acceptable to Beneficiary. provide that the some may not be
<br />canmMied or nxxkfted without MWen (15) days prior written notice to Beneftilary. and shalt have Ass payable provisions in favor of and
<br />in Aorm acceptable to Benef iclary. AN premiums on insurance policies shall be paid In the manna provided under paragraph 4 hereof
<br />or. N not paid in such mw, vw, by Thisfor making payment at least fifteen (15) days prig to ate due date, directly to the Insurance
<br />carrier. Benefficiary shall have tote right to hold the policies and renewals thereof and Trustor shall promptly lumish to Beneficiary all
<br />renewal notices and all paid premium receipts received by it. in no event shaft Beneficiary or Trustee be held responsible for failure to
<br />pay Insurance premiums or for any loss or damage arising out of a defect In any policy or arising cut d any failure of any inSUUtance
<br />company to pay for any Mss or damage insured against or for failure by Trustor to effect the Insu me required hereundee. In the evert
<br />of loss, Trustor shalt gin pnomptnotice by mat to the inset once carrier and Beneficiary. BeneNciag-may mane proof of loss it not
<br />made promptly or in proper inn by Trustor. AN policies of insurance and any and al( mfunds of Unnamed premiums are henrr?y
<br />assigned to Beneficiary as additional security Mr the payment of the Indebtedness. in Alto 4'tm, ttii $vneficimy s exercise of Gffe power ,
<br />of sob conalimd herein, or in the ev(etit• of fmcktsure, all right, lifts and interest of Trustor Fir a.A& 0., any insurance policy then in force
<br />shaft pass to the purchaser at the trustee.'s St9ie or foreclosure sate. In case of any loss, the insue ^'e proceeds may, at the option of ;
<br />Beneficiary, be applied by Bereefary. uopn -fume Indebtedness, or any part thereof, and in such order and amount as Beneficiary may
<br />determine; or said insuronca proceeds. at ft option of Beneficiary, may either be used in replacing or restoring the Trust Property
<br />partially or .tctalty destroyed to a condlition, sa!is foctory to Beneficiary; or said insurance proceeds, or any portion thereof, may be
<br />released to Trustor. Unless Beneficiary and Tustor otherwise agree In writing, any such application of insurance proceeds .shall not
<br />extend or postpone the due date of the NQfs, or any installments caked trttr therein, or change the amount of such Insta me?M, N the
<br />That Property is acquired by Beneficiary pursuant to the eererclse of tf * power of sale or other foreclosure, all right. We And Gtfflerost of
<br />Trustor in and to any insurance proceeds payable as a re O d damage to tits Trust Property prior to the sale err acquisition shah passi
<br />to Bawfielary and shall be epttW first to the costs and a eflertses, including attorney fees, incurred in eollecffng such proceeds, then
<br />in the manna and in the order provided herein.
<br />8. Preservation and MOdenance of Trust Pmpeny. Tiusfor will keep the buildings and other improvements now or hereafter erected on
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<br />Me Trust Property in good repair and condition and will not commit or permit waste, will not after the design or stnictural character
<br />eonstituflng any buildng. now orttereafter erected on and constituting Me Trust Property without the prior written consent of
<br />Beneficiary, will not do any au>t or thing which would unduly impair or depreciate the value of the Trust Property and will not abandon
<br />the Tiy.:.sf Pin„ pe y. T!.' e-^r any hxtutes =--bh fig me Trust Prop—wry t1w °..�rS.1°. v3°.°, Imme--di- at.°.,j
<br />tike property subject to the lien'and security interest of this Deed of Trust and of at least equal value and utility. Trusts will comply with
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<br />all present and luture, ordinances, regulations and requirements of any governmentel body which are applicable to the Trust Property
<br />and to the occupancy and use tfrereot if this Deed of Trust is on a unit in a cundwolniurn W a planned unit development, Trustor shall
<br />perform all of Truster's obligations under the declarations or covenants creating or governing the condominium or the planned unit
<br />development, the bylaws and regulations of the condominium or planned unit development. and the constituent documents.
<br />8. Inspection. Beneficiary or its agents may, at all reasonable times, enter upon the Trust Property for the purpose of inspection.
<br />Beneficiary shall have no duty to make sucft inspection and shall not be liable to Truster or to any person in possession if it makes or
<br />fads to make any spa inspection.
<br />10. Protection of Security. If Trustor fails to perform any of the covenants and agreements contained in this Deed of Trust, or if awry action
<br />or proceeding is commenced wfeioft does or may adversely affect the Trust Property or the Interest of Truster or Beneficiary therein or
<br />Me title of TnWw thereto, there Baeliera y, at its option, may perform such eonvenants and agreements, make such appearances,
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<br />defend against and investigate such action or proceeding and take such other action as Beneficiary deems necessary to protect its
<br />interest Including, but not limited to, disbursement of reasonable afcorneylees and entry upon the Trust Property to make repairs. Any
<br />amounts disbursed by Beneficiary pursuant to this paragraph 10, with interest thereon, shall constitute Indebtedness of Trustor
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<br />seaused by this Deed of Trust. Unless Truster and Beneficiary agree to other terms of payment such amounts shall be payable upon
<br />riafte from Beneficiary to Trustor requesting payment Mereof, and shall bear interest from the date of disbursernent at the default rate,
<br />if any, set forth in the Note, or otherwise at the highest rate permitted by law. Nothing contained in this paragraph shall require
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<br />Seneft cry to in= any expense or take any action hereunder. Trustor irrevocably authorizes arras empowers Beneficiary to enter upon
<br />Me Trust Property as Trustee's agent and, in Trustor 's name or otherwise to perform any and alf cmvnants and agreements to be
<br />performed by Trtttsfor as herein provided. Beneficlary shalt„ at its option,. be subrogatod to any ericr rnbrancer, lien, claim or demand
<br />'and co;all rights and securities for the payment thereof pa-d+or discharged by Seneticiary under the provisions hereof and any such
<br />subrogation ngttrsi shall be additional and cumulative security for this Deed, cif trust.
<br />11. Condemnatr'dre.. rhoproceeds of any award or claim for damages, &Wor consequential, in connection with any condemnation or
<br />other taking of;ffia:T`rust Property, or any paft thereof, or for conveyance in lieu of or in anticipation of condemnation, are hereby
<br />assigned to and shall be paid to Beneficiary. Trustor wilt file and prosecute. in good faith and weth- due. diligence, its claimfor any such,
<br />awuefd or payment, and will cause the same to be cclle.Ccd and paid to Beneficiary, and, should it fail to do w,. Truster irrevocably
<br />auteW.':es and empowers Beneficiary, in the name of.Trustor or otherwise, to file, prosecute, settle or comprorWse any such Claim an(5. -
<br />to c&WC1, receipt for and retain the proceeds. It the Trust Property is abandoned by Trustor, or, after notice by Beneficiary ro Trustor
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<br />that the condemnor offers to rake an awned or settle a claim for damages, Trustor fails to respond; to Beneficiary within the.
<br />after the date such notice is mailed, Beneffvaiy is authorized to collect and apply the proceeds iii the manner indicated rill: The
<br />proceeds of any award or claim may, after deducting all reasonable costs and expenses, including attorney fees, which may have
<br />been incurred by Beneficiary in the collection thereof, at the sale discretion of Beneficiary, be released to Trustor, applied to
<br />restoration of Trust Property, or applied to the payment of the Indebtedness. Unless Beneficiary and Trustor otherwise agree in writing,
<br />My such application of proceeds to Indebtedness shall riot extend or postpone the due date of the Note or the payment of any
<br />installments called for thereunder.
<br />12 Trustor Not Released. Extension of the time for payment or modification of any amortization of the Indebtedness granted by Beneficiary
<br />to any successor in interest of Trustor shall not operate to release, in any manner, the liability of Trustor and Truster 's successors in
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<br />interest. Beneficiary shall not be required to commence proceedings against such successor or refuse to extend time for payment or
<br />otherwise modify amortization of the Indebtedness by reason of any demand made by Trustor and Trustor's successors
<br />in interest
<br />13 Financial tnfo+rnatm)n. Upon request of Beneficiary. Trustor will provide to Beneficiary, within ninety (90) days of the close of each fiscal
<br />year of Trustor. the consolidated balance sheet and statement of earnings of Trustor and any and all guarantors of the Indebtedness
<br />secured hereby, if any, and will provide and deliver to Beneficiary such other financial information and in such manner as Beneficiary
<br />ti
<br />may reasonably request from Dino to time
<br />14 Financial Govenarin; In addition to any other financial covananfS of Trustor r'+'=ade in any other agreement. instruniont or (foctitnenr,
<br />Trrr :tnr chwri (nrrtlrry y„rh pnd shall cause any and tali guarantar s of ff?n Indebtedness sarurad "ereby to Comply with. to Le+ +rr
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<br />cninp!.lanco Wrlh tlrp lollow:ng finans utl cnvr�nantS f This paragraph shall not .appiy d rcivfmanrs and tequutiments are nor slit
<br />lurch hwmn i
<br />15 t;^hodsl.'rr if l ('J'05 Withal ren 10i (Mys afrot (famatirt. Trur:lCrr bhall ltilmSh fo 8enul:,.,ary a schodutt1 certified to by Trtr< :tar ,i.,rtinq
<br />p!1 tnaG03 f'; rho Tr(l;,± pr(rparty. r,r rany purtr(in rrsiirvol invia(ting ter each raw? titer fl.-Imo nl tap rt ;a,lr11S (11 vi t .irrJr}h ,t fit".( riltRar,
<br />prase or (.ulu,vd I,y Luc r, tenant or Ut cupant the ton tai payatoo for ;ur. h �I:.lr s> I'!'I ..tit +t c n iv ^h,r,t,,lr i r .srtcr tlrt u"nt•rrI s rh
<br />ra :I,Ct r r.: ':'R -1 Willy , qrr r rf,rirr+.r10F., AG Horpohr Lary rally rrtl5nnlifr; y ry,(IUe :'
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