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<br />qi,-4 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 />5. Application of Payments. AN 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 *Xft lion which Benelklary, in its absolute discretion, deems appropriate. Unless otherwise elected by Beneficiary, any
<br />such payment shah be dwmad app od first to the payment M any debt, hadtily or obligation other than the Note.
<br />6. Cie W. flans. Truaw *RN keep the Trust Property free from all liens and encumbrances which in any way may, in the Audgment of
<br />Bameliclary, have prxMW over, or impair ft security, of, this Deed of Trust but Trusts need not discharge any such Ken so long as
<br />Tnator shall agree, in writing, to pay the obligation secured by such lien in a manner acceptable to BereNdlary and shall In good faith
<br />conhW such flan by approprWe legal proceedings effective to prevent the enforcement of the lien and the lass of any Interest in or
<br />part of the Trust Pmpwty.
<br />7. Huard Insurance. Trwkw shah keep the buNdings and other Improvements now existing or hereafter erected on the Trust Fhoperty
<br />i mmed by insurance carters satisfactory to Beneficiary against loss by fire, hazards Included in the term "extended coverage" and
<br />such offer hazards, casulaWos and contingemles as may be required by Beneficiary, in such amounts and for such periods as may be
<br />n quirrcl by Beneficiary, The pc tcy of insurance shah be in form acceptable to Beneficiary, provide that the same may not be
<br />eancOW or modi ied *WW 6ltaen (15) days prior written notice to Beneficiary, and shall have loss payable provisions In favor of and
<br />in form acceptable to Benelfciary. AN premiums on Insurance policies shall be paid in the manner provided under paragraph 4 hereof
<br />a. Nnot paid in such manner, by Trustor making payment at least fifteen (15) days prior to the due date, directly to the insurance
<br />cannot. Beneficiary shoN have the right to hold the policies and renewals thereof and Trustor shall promptly furnish to Beneficiary all
<br />renewal notices and aN paid premium receipts received by it. In no event shall Beneficiary or Trusree•be held responsible for failure to
<br />pay insurance premiums or for any Mss or damage arising out of a defect in any policy or arising out of any failure of any Insurance
<br />company to pay for any loss or damage insured against or kTr failure by Trustor to effect the Insurance required hereunder. In the event
<br />of has, Tonto► shah give prompt notice by mall to the insurance carrier and Beneficiary, Beneficiary may make'- proof of loss if not
<br />made prompffy or In proper form by Trustor. AN pokcies of insurance and any and mall rehirmds of unearned premiums are hereby
<br />assigned to Bene6cfary as additional security for the payment of the Indebtedness. In the event of Beneficiary's exercise of the power
<br />of sale contained ftenWn, or In ft event of foreclosure, all right, title and interest of Trustor in and to any insurance policy then in force
<br />sftaN pass to the pumhuer at the Imstoo's sale or foreclosure sale. In case of any loss, the insurance proceeds may, at tie option of
<br />Swi* ciary, 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 the option of Beni eficiary, 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 potion thereof, may be
<br />m*ased 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 tiro Note, or any installments called for therein, or change the amount of such installments. N the
<br />Trust Property is acquired by Beneficiary pursuant to the e4cexc;ise of the 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 damage to afro Trust Property prior to the sale or acquisition shad pass
<br />to Bereficyary and shall be applied first to the costs and orypo tses, including attorney fees, incurred in collecting such proceeds; then.
<br />in the manner and in the order provided herein.
<br />8. Preservation and ltnf*htenance of Taut Property. Trustor wiN keep the brriidings and other Improvements now or hereafter eructed on
<br />the Trust Property in good repair and eondiftn and will not commit or penrnit waste, wit not after the design or structural character
<br />Constituting any Qiao.@iing now or hereafter erected on and constituting the Trust Property without the prior written consent of
<br />ia.r v'r"/ yr a'0"i.riy' iri'�v . s:awiv v :.dv:r .i".r . v. viyrvwv v if�ss 1aluv vi fire i lief rOiC/?o�iij+ airy ii�ili i a�tis�iitdor
<br />she Trost. Properly. Trustor wlN not renmove any fixtures constituting the Trust Property unless the same are immediately replaced with
<br />kke properly subject to the tien and security interest of this Deed of Trust and of at least equal value and utility. Trustor will comply with
<br />@11 eraeant and hours ord►new.m. regulations and reauitements of any governmental body which are applicable to the Trust Property
<br />and to the occupancy and use thereof If this Deed of Trust is on a unit rn a condominium of a planned unit development Trustor shall
<br />perform all of Trustor's obhgaboas under the declarations or covenants creating or governing the condominium or the planned unit
<br />development the bylaws and reWfations of the condominium or planned unit development, and the constituent documents.
<br />9. inspection. Beneftary or its agents may, at au reasonable times, enter upon Me Trust Awpertj :for the purpose of inspection.
<br />Beneficiary shall trawe,no duty to make such inspection and shall not be liable to Trustor or to any person in possession if it makes or
<br />fails to make snit• such inspection.
<br />10. Protection of Secue y. N Trustor fairs to perform arty of the covenants and agreements contamed'(n this Deed of Trust, or if any action
<br />or proceeding is commenced which does or may adverwAy affect the Trust Properry•or the interest of Trustor or Beneficiary therein or
<br />the Oe aft Trustor &Woo. then Beneficiary, at its 0i26m may perform such covvnnants amd agreements, make such appearances,
<br />delend'agakmst and investigate such action or prpceo6kig and take such other action as i3erref. cragr deems necessary to protect its
<br />interest including, but not limited to, dfsburs&.mim• bf reasonable attorney fees and en4y upor'r''the Trust Property to make repairs. Any
<br />amounts disbursed b y Beneficiary pursuant has t h,a paragraph 10, with interest thereon, :shall const -are Indebtedness of Trustor
<br />secured by this Deed of Trust. Unless Trustor and Serte!tciary agree to other terms of paVment such amounts shall be payable upon
<br />notice from Beneficiary to Trustor requesting paymerrme.'••sof, and shall bear interest trawl the date of disbursement at the default rate.
<br />it any, set forth in the Note. or otherwise at the highest rate permitted by law. Nothing contafned in this paragraph shall require
<br />Beneficiary to incur any expense or take any action hereunder. Trustor irrevocably authorizes and - empowers Beneficiary to erxer upon
<br />the Trust Proportyas Trustor's agent and, in liuvtor's name or otherwise to perform any and all covenants and agreements- to be
<br />performed by Trusrl!ar as herein provided. Belief :notary shall, at its option, be subrogated to any e,r,) u(mrbrance, lion, claim or demand
<br />and to all rights and securities for the payment thereof paid cir discharged by Beneficiary under the provisions he!•eof and any such
<br />subro, sAw rights shall be additional and cumulative secufit j for this Deed of Trust.
<br />t 1. Condemnation. The proceeds of any award or claim for ftm -ages, direct or consequential, in connection with any condemnation or
<br />other taking of the Trust Property, or any part thereof or for conveyance in heu of or in anticipation of condemnation, are hereby
<br />asstgtad to and shall be par? to Sembclaryr. Trustor w711 fife and prosecure; in good faith and with due diligence, its claim Corr. iirly such
<br />award or payment and will cause Me same to be collected and paid to Beneficiary, and, should it fail to do so, Trustor irrey%�_mbly
<br />authorizes and empowers Beneficiary, to the name of Trustor or otherwise, to file. prosecute, settle or compromim ar ;.ysuch eXwrn and
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<br />to coke receipt for and retain the proceeds. If the Trust Property is abandoned by Trustor, or, after notice by l3encrficiaVT tolTrpstor
<br />that the condemnor offers to make on award or settle a claim for damages. Trustor fails to respond to Beneficiary within th;iTyrl so) days
<br />after the date such notice Is mailed, Beneficiary is authorized to collect and apply the proceeds in the manner indicated he.-Wm 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 sole 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 />any such epp•Rca&on afproceeds to Indebtedness shall not extend or postpona the due date of the Note or thu payment ut any
<br />insta*norifs 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 hablhty of Trustor and Trustor's successors In
<br />interest Beneficiary shall not be required to commence proceedings against such successor or refuse to extend time for payment or
<br />otherwise modify amartizaltion of the Indebtedness by reason of any demand made by Trustor and Trustor s successors
<br />in interest
<br />13 lvnan ia; inkwmat on Upon request of Benol;ciary. Trustor will provide to Beneficiary. within ninety (90i days o! the crone of each fiscal
<br />,rear of Trustor, thin consrl:xlaled balance shoot and statement of earnings of Trustor and any and atl guarantors of too Indebtedness
<br />secured hereby, if any. Brut wo j;rowtye anti deliver to Berrefrclary Such other rrnancial Information and ,n Such nTAnnef is Benot,crary
<br />Tar rem:.vrfavy regtrt'St rrt}rrl t;mo ro p7io
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