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<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 promptly 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 />B. Application of Payments. All payments received by Benefid iry 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 />r such payment shall be deemed applied first to the payment of any debt, liability or obligation other than me Note.
<br />1 B. Charges; Liens. Trustor will keep the Trust Property free from all liens and encumbrances which in any way may, in the judgment of
<br />Beneficlary, have priority over, or impair the security of, this Deed of Trust but Trustor need not discharge any such lien so long as
<br />Trustor shell agree, in writing, to pay the obligation secured by such lien in a manner acceptable to Beneficiary and shall in good faith
<br />e7 contest such lien by appropriate legal proceedings effective to prevent the enforcement of the Ilan and the loss of any interest in or
<br />C" 7. of the Trust Property.
<br />7. Hazard Insurance. Truator shall keep the buildings and other improvements now existing or hereafter erected on the Trust p -Awrt8'
<br />Insured by Insurance carriers satisfactory to Beneficiary against lass by lire, hazards included in the term "extended coverage' anerl
<br />such other hazards, casualties and contingencies as may be required by Beneficiary, In such amounts and for such periods as maw be
<br />required by Beneficiary. The policy of insurance shall be In form acceptable to Beneficiary. provide that the same may not Idle
<br />cancelled or modified without fifteen (15) days prior written notice to -Beneficiary, and shall have loss payable provisions in favor of and
<br />in form acceptable to Beneficiary. All premiums on Insurance polimlas shall be paid in the manner provided under paragraph tt hereof
<br />or, it not paid U such manner. by Trustor making payment at least Mean (15) days prior to the due date, directly to the insurance
<br />carder. Beneficiary shall have the right to hold the poet *S and renewals thereof and Truslor shall promptly furnish to Beneficiary am
<br />renewal notices and all paid premium receipts received, ray it In no event shall Beneficiary or Trustee be heist responsible for fellum is
<br />pay insurance premiums or for any loss or damage arising out of a t'a lect in any policy or arising out of any failure of any insurance
<br />company to pay for any loss or damage tnswed against or for laducrR r!: Trustor to effect the insurance required hereuncyor In fire event
<br />of loss, Trustor V, %ag give prompt notice by !mail to the insurance cav, il• and Beneficiary. Beneficiary may make proof of fors it mi
<br />made promptly w In proper fbrm by Trusts. All policies of insurance and any ar•u' all refunds of unearned premiums are hereby
<br />assigned to Beneficiary as additional security for the payment of the Indebtedness. In the event of Benehmary's exercise of the Power
<br />of sale contained herein, or in the event of foreclosure, all right, Vile 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 insurance proceeds may, at tt'e option of
<br />Beneficiary, be applied by Beneficiary upon the Indebtedness, or any part thereof, and in such order and amount as Beneficiary may
<br />determine; or said insurance proceeds, at ::he option of Beneficiary, may either be used in replacing or restoring the Trust Property
<br />partially or totally destroyed to a condition satisfactory to Beneficiary; or said insurance proceeds, or any portion thereof, may be
<br />released to Trustor. Unless Beneficiary and Trustor otherwise agree in writing, any such application of insurance proceeds shall not
<br />extend or postpone the due date of the Note, or any Installments called for therein. or change the amount of such install"MrIts. If the
<br />Trust Property Is acquired by Bensfic►ary pursuant to the exercise (it r, "e power of sale or other foreclosure, all right, title and Interest of
<br />Trustor in and to •,any insurance proceeds payable as a result of d urn i:;e to the Trust Property prior to the sale or acquisition shall pass
<br />to Benefirlary and shall be applied first to the costs and expenses, Including attorney fees, incurred in collecting such proceeds, then
<br />in the manner and in the order provided herein
<br />R Preservation and Maintenance of Trust Property. Trustor wig keep the buildings and other improvements now or hereafter erected on
<br />the Trust Property in good repair and condition and will not commit o-, -permit waste. will not alter the design or structural character
<br />constituting any building now or hereafter arected on and consfitatr ^x The Trust Property without the prior written consent of
<br />Beneficiary, will not do any act or thing w. -itcti would unduly impair or depreciate the value of the Trust Property and will not abandon
<br />the Trust Property. Trustor wi!•I nor temove tiny fixtures constituting the Trust Property unless the same are immediately replaced with
<br />Me property subject to the hen and security Interest !c% t ^!s Deed of Trust and of at least equal value and utility Trustor will comply with
<br />all present and future ordinances, regulaY:ons and requirements of any governmental body which are applicable to the Trust Property
<br />and to Me occupancy and use thereof. if •;.*»s Deed of Trust is on a unit In a condominium or a planned unit development, Trustor shall
<br />perform all of Trustor's obligations under the declarations or covenants Heating or governing the condominium or the planned unit
<br />development, the bylaws and Iegulations of the cundorrimunt or pidnred unit development. and the constituent documents
<br />9. Inspection. Beneficiary or its agents may. at all reasonable times. enter utvn the Trust Property for the parC,ose of inspecton
<br />Beneficiary shall have no duty• to make such inspection and shall net tv liable to Trustor or to any person in possesslor. it It Makes Cr
<br />fails to make any such inspection
<br />10. Protection of Security. If Trustor fails to perform any of the covenants and agreements contained in this Deed of Trust, or any action
<br />or proceeding is commenced which does or may adversely aHecr the Trust Property or the interest of Trustor or Beneficiary therein or
<br />the title of Trustor thereto, then Beneficiary, at its may perform such convenants and agreements. make such appearances.
<br />defend against and Investigate such action or proct'it, c ^9 and take such other action as Beneficiary deems necessary to protect Ifs
<br />interest including, but not limited to, disbursement of reasonable aror"vy fees and entry upon the Trust Property to make repairs Any
<br />amounts dlsb_ •sod by Beneficiary purvu.a^* to this paragraph 10, IfIr.n .nterest thereon. shall constitute indebtedness of ' fustor
<br />secured by 01is Deed of Trust Unless Fla 3tor and Beneficiary agree to other terms of payment. such amounts shall be l dyable upon
<br />nonce from Beneficiary to 7r44tor requesting payment thereof. and shall bear interest from the date of disbursement at the default rate.
<br />if arty, set forth In the Noun otherwise of the highew +ate permitted by late Net, -ng contained in this paragraph shall require
<br />Beneficiary to incur any exelortse or take any actor nwrounder hustm urevocdosy authorizes and empowers Senebciant to enter
<br />the Trust Prrlpe?n) as Trustor s agent aritr T d °181471' , ndme Of nft'±tltw'se to perform any and all covenants arty ag,•eer^ti !F ?c f e
<br />performed Vy '%-slot as hereinpROwtttf)t! 3nall, at Its nlr'',1n, be subrogated to any encumbrance. ben. crd:/r or Cer^anC
<br />and to all rights and securities far the l; do *neM. lfwttec f raid or fill,, "Idrged by Hllnebclary, „l,f1p, the l�r.•�Ig,nrs hdryGS tin,^ aril, .ggf.P
<br />subrogation rights shag bur aad horai ar,4 rumuYdrum Security for this Deed of ►•,. ;t
<br />11 Condemnation. The procetft: t• a any award or c farm) ! da►nag0s. direct or t (•rsequentiai m (cf'f'P 61 • 1!. r!ry c r,•relimnat!or ^I
<br />orhoi taming or the Trust PmpwV. or any pen thefoull..,r ft,-)t cc#r'beWJfrL N IF' 6pj, ;'d pf ui rlrhr..4 d••r•n of i .;riwfl•ndhtf`. ,a,e 1wroby
<br />assigned to and shall be paid to Regefrr. wv, r %istiy will hie an0 r. r )sw.4.!P r grw_xl fade a! *.Ili 1i a drliguncu lfS Bi 'UI ally SUrh
<br />award or payfneref and wiiltatrse Ire same to low collected and p-lid It, Hc•nefrr,A/Y ilrltf "T, o ' tall b, hr S(, Ir •S:r' ...evocahly
<br />rJivuaa• sM a•.,.,rn...n.r, Ruwlr .an. .n rho nr ma. nl T,..c lsr . u ,. ►huru„c.a 4. /.w I,mc , uda cuML+ -.1 . ,.,nr.rnrrrea ar_ eu•h f•laim and
<br />to collect. receipt for and lietaintheproceeds If the trust Property r1.ibit-1cf-II -r1 Cy tfustur. of afref • ".f- tv 14w ••} •.Iry to irusroo
<br />that the condemnor offers to make an award or softie a claim for dumnoes. T castor fnrh to refI.fond to 8er1e•, dfv n'!hdn thirty 130, 7rly ,
<br />a/ferthe date such notice is,nailed Hent+hciary rti rfurholtzelf hi Itillect and apilly the ivoct+eds Ili the m4,,#,*i .rti,! .pled herein The
<br />proceeds of any award or daini mdy aNer deductinq dil redsonalblu I casts and e.pe fl%e% 'nr!U(Jlrt(l dttorrey fee %, which may have
<br />been incurred by Beneficiary rti the, Lt)il- il.•tlt.yi thdrtk,f d► fhN ~care tllSrtelu uI UI AeflHhi 'dry M +'N NdSed ►U T rustor, applle<147
<br />restoration of Trust Property, t r apptieu cal tho payment M the hntet'ledness unietiS Heneht Idq if-[I ►fusltg othetwrse+ dgft.t+'tl .kr,frrrq
<br />any such appbCatlun of pnxetitis to Indebtedness shall rhlt ertorld of postit(i"e the true Hart- ✓f the More of the payment IIt In#
<br />installments Called lot thereunder
<br />12 Trustor Not Released Fittensionofthe hnw fur payment U: nlUthllt abort of any wllurtrt.fraIn,1t N!r IntlelitelI'r"SS q'artthl by Her/eir, ,,f,1,
<br />to any success(w in Irlteft?Stof T,ustty shall rV rpefate tO relOWSP of any niilnnel the l•diubly III rfutitrif dn(l IruSll•t 1 Slit (e%%I1r, rti
<br />interest Beneficiary shall no! loo talquired to ownlrWil, a ploctfedings'lg1toltit tut h Na, , eti'.1.1 1 11 101f11w to fu toll, i t•nfa h•r j•.iyMIMI.If
<br />o0wrivise mtxltfv dirfortiration of the intlobitidness by r4insorl (tl any atwiana made h1 !rrlOf •• .f1111 Tflltlo/ su. t eSUI "•
<br />in interest
<br />13 Financialinhi►matran Upl►nies,limstofHWIl+fn'.irti 7111SWI21,I +I +14)j+ih'h,l 4f+ifef', -err 1i,. nn• 11, 41W 11 ( li e) •I•. "If,,t1•'.i•,'I'&1,0".t,f
<br />deaf (of lfustrif the consM'daletl halant f+ %htit+t aria► %tdfefneld (''r••N' 'r!,1 • r•utih11 .1,10 4111, aril .Ir (1 :i,eer,r„r•. f•rir .noehleJ Teti•.
<br />Sel-Ufe(I hereby it Tiny aliff * 111jlr,.,,(tr+. intl'10" et tlr HPnp14 ,. /11, '•v1 /r ,•her 1 •Idn, f .r'1
<br />niay foamlinatj1, '@quest f /twtl 1,111#+ it, f,rrgr
<br />14 1 rflancial Covenants in alfddriiif ft, d,,1,. Ilfhpl frrratp ,,p 11'�prli1,rr11 . •• ! t,••hI. 1• +,h, f• , • dh„r ;rU,nf••.y.,.r •',1' r f . • e ,'
<br />frusity -Aw ,. offniolp, t►,th Iwo ••4f1h 1 ,11/11` ,Illy ,110 ill, tfUMtdrNn••. •• "r, b, iet•'H,1'q, ..,. „ r r•nl , !' '1'(' r .1
<br />(W►ipban, a 04401 fill, r,.rkr.y,,ly LI•u'c ,.yi , •,e'ued', 1701-k 1,a ,r)r.u.. _,.,f, ij j• , .+• f.
<br />►twth fWl"'rf r
<br />T4 fir(h I411de op i pa•.e1 ii'Qh,n ►p r• } I n /dI'. llller .p.�rr,tr.,, t.... .I .. ,.. •In• n' r .
<br />df�A.V 'r•l i'•..r „fl, r•.. 11• .i.i.. T� .j..r ; +•r• s_. , ' . ,
<br />It! IN# %jIM, a 111 I I:j I•t•,f h1, '•!l. •' fl'rr,r ,� i.j .,111 'r•e . f . - .. I! , I , , - ,.
<br />resi"k I hi %lich to^o% ,ind 116041•i+ Al ,,I'. Iip.rlph, ,M,) r,.if1, r,,,1, , .•• ti • 1 .•. ). ,,•.,,
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