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<br />Property. Truslor A~ o9em. upon wtinva mquest by Bwokiar . to promptly dakver to Bsnsficlary ! mcsipts trot the payment of
<br />such dta S" Thator Wkewoo agree to pay aN taxes, assess nw is and Ofrier charges levied upon or assessed, placed or made
<br />against or maasurol by, this Deed of Tarsi or ft mcadamon horw
<br />5, Applicati w Of P,aprfwWv. AN paymMfts received by Seroft sty as to any debt; habft Qr obli pbon owed to Benel%fary by Twistor
<br />may ba Wood by BetmftWy to ft payment of d* 1ndmOtadness or to any such Cthr11r7, 04 NedWty or obNgefaon. in any order or
<br />manner Of appleation which Beneficiary, in its absokrte discretion. deems apps L�1rieii eYlfrprwise elected by Beneficiary. arty
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<br />such payment shah be deemed Wphed first to the payment of any o;abt kabft volor Man the Note .
<br />t:. t:harges; Liens. Truster warp keep fife Trust Amparty free from aft Wens and eneuntbra Imes whirh, lo, any way may, In the judgment of
<br />Bettetiryary, haw priority over, Or fntpair the security Of fhis Daed of Trust but Tyktigr need natd'ischarge any such lien so kxig as
<br />IMM shale agree. in wtffing, to pay the ONgabW SwAmed by such Win a tlr0nnaeacsopftbie lo Seneidwy and shalt in good faith
<br />Comm sutdt Wan byWrWdXa hgat proceedngs eflactive lo prevwrMe entrrrcement offhB Warr and the kiss d any interestin or
<br />pwrtofihs Trust Property.
<br />T. hazard Msurance. Truster shall keep the bWiidrigs and other improvem ills now existing ar hanpari0i!•4rgcted on the Trust Property
<br />inured by Insurance carriers sat satiny ib Ben@A0ary against 1W by fire, and
<br />such other hazards, casuakes and contingencies as maybe regtirw by Berwtkiary' in such'emruntft Odlf Nyr such periods as maybe
<br />ragwred by Beneficiary. The policy Of insurance shah be In fiorm acceptable tc Owe#rvarf, feru►4% Utat tilts dame may not be
<br />cancarWad or mod+tied without fifteen► (15) days prior wtkbn notice to Bermftiary, and shall haliv kw 1¢dy" provisions in favor Of aril
<br />in form acceptable to Beneficiary. lip promiums on insurance pokcies shah be paid in tffe manner[crtWdOd under paragraph a hereof
<br />or, it not paid in such manner, by Ttusror making payment at least fifteen 0 9i days robr to the due dafit. :directly to the insurance
<br />catriwr_ Beneficiary shall have the right to hold the policies and renewals themcf end Truarcrattail pr+: hWifyt Armish to Beneficiary all
<br />rowwal notices and all paid premium receipts received by t7. in no event shall Eeneficiar/ or Trustee be held responsible W failure to
<br />pay lkWr'ance premiums or for any loss or damage arising out of a defect in. any policy or arcing out of any failure of r ny insur ,1nce
<br />cCrn to pay for any loss or damage insured against or for failure Cy Trtistcr h, effilct tine iiraurance required hereunder ln,.r, a eve,7.°
<br />Of foss:;' +', w slfaLf give prompt mortice by mail to the rnsurarrce cardeFand Eeneffciari. 86000uy may make proof of faseit ref
<br />made/?,? '*/J r. #*."pr0per form by Truster Alf policies of insurance and any and all relunds of WMamed premiums are +any
<br />8=0x to Beriej deny as additional security for the payment of the Indebtedness. In the ewnt'4 Soneticiary's exercise of the power.
<br />of &r- Contained herein, Or in the event of foreclosure, all fight title and interest at TnseW in and to any insurance policy then in force
<br />VW—Pass ro the purchaser at the trustee's sale or foreclosure sale. In case of any lusts, dto insurance proceeds may. at the option of
<br />Btsrnefioiary, be appied by Beneficiary upon the Indebtedness, or any part thereot: and in such'. order and amount as Beneficiary may
<br />determine; or said insurance proceeds, at the oration of Seneficiary,.may either to used i r 1119119, ding or restoring the Trust Property
<br />partially or totally destroyed to a condition satisfactory to Beneficiary; or said insamirre pireeds, or any portion thereof, may be
<br />released to Trusts. Unless Beneficiary and Truster otherwise agree in writing. anlrsuch application of insurarme, proceeds shall not
<br />extend or postpone the due o ..al the Note, or any installments called for thertlirt, cr orange the amount of such "ailments. If the
<br />Trust Property is acquired by GV+,iehwary pursuant to the exercise of the power ct saln or r; tfltar foreclosure, all fight, title and interest of
<br />TrustOf In and to any insuramepl=aeds payable as a result of damrag?o to the Trust Pr,,0dif'yi prior to the sale or acquisiffrrrshall pass
<br />to Benefciary and shaN be apt ote d first t, rte costs and expenses, inNitding attomey 1069,: tirwiud in collecting such pray -ev ds, then
<br />in the manner and rn the orderpcvded,�iq,:a.
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<br />8 Prosatvation and Maintenance cf• Trust Property. Tnrstar Hill keep Ow Ifoilding9 and etherimprovemerts now Fir• hereafter erected oft
<br />VW TfUO Property in good repair and cond=n and With rut commit or permit waste; will not alter &a Cesign'o- structural character
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<br />cw,smving any building now Or hereafter ; tad on and constrWig the Trust Properly without tfre prior written consent of `
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<br />Beneficiary, will not do any act or thing w6 Mwould unduly impair or depreciate the value of thr•Trust Property and will not abandon
<br />the Trust Property. Trusts+ will not remove any fixtures conshtubng the Trust Property unless the saute 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 wrdr
<br />all present and future ordinaw/jn; tiogulatrons and requirements of any governmental body which are applicable to the Trust Property
<br />and to the occupancy and use 1l;et :tot it this Deed of Trust is on a unit in a condominium or a planned unit development. Trustor shall
<br />perform all of Trustor's obAgat!dr =s wr,.'?r• lhh? declarations or covenanli creating or governing ft condominium or the plan wd unit
<br />development, the bylaws and condominium Or plAoned unit development and the constituent documaszY.
<br />9. Inspection Beneficiary or its ropgt gs• r. ray. at All reasonable times, e-..Y-apon the Trust Property for the purpose of mspec7•rrj,
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<br />Ber'eficrary shall have no duty.M ; ^7ako such inspection anti ihall not be liable to Truster or to any person In profession rf it :rakes or
<br />W,'!;; 1447 :stake any such inspection.
<br />10. Pratecito» of Security. It Trustor fails to perfo.*rrf any of the covenants and agreements contained in IMS Deed afftust, or rl'arnyf action
<br />Of proceeding rrs c;Ibmrnenced which does
<br />co` may adversely affect the Trust Property or the intertrFJt; of Truster of Benefits, }� ,,wereln or
<br />Me title of Truatrr� thereto, then Beneficiary, a its option, may perform such converants and agreements, make such appearances,
<br />defend a57airst and investigate such action of proceeding and take such other action as Beneficiary deems necessary to protect its
<br />interest ;ac ;xrding, but not limited to, disbursement of reasonable attorney fees and entry upon the Trust Property to make repairs. Any
<br />amounts disbursed by Beneficiary pursuant to this paragraph 10, with interest thereon, shalt constitute Indebtedness of Tr,;atOr
<br />secured by tfus head of Trust Unless Tnrur v and Beneficiary agree to other terms of payment, such amounts shall be ,oyable upon
<br />from
<br />notice Bertri,fic i;try to Truster request/rr% payment thereof, and shall bear interest from the date of disbursement at t*divfsult rate,
<br />d airy, set forth Ir. tlfa Note, or otherwise at me highest rate permitted bylaw. Nolhrrg contained In this paragraph shall require
<br />Beneficiary to incur any expense` :,r take any action hereunder. Trustor irrevocably authorizes and empowers Beneficiary to enter upon
<br />tire' Trust Property as Trustor's a -sent and in Trustor s raN113 or otherwise to perform any and all covenants amt agreements to be
<br />per,'cimed by Trustor as herein provided. Beneficiary shall, rat its option, be subrogaied to any encumbrance. ken, claim ar,,;emand
<br />and to all rights and securities for the payme,^! thereof paid or discharged by Beneficiary urder Me- provisions hereof and any such
<br />subrogation lights shall be additional and curlulat,ve security rpr tar:, fared Of Trust
<br />11. Condemnation The proceeds of any award or claim fGr Can ?ages, d t cca or consequential, in cor. r:ectron w'!h r;iry corcramnation or
<br />other taking of the Trust Property, or any part thereof, or for conveyance in lieu o! or in anlic,pation of condemnation, are hereby
<br />assigned to and shall be paid to Beneficiary Trustor will file and prosecute, in good faith and with due diligerce. its claim for any such
<br />award or paymenr, and will cause the same to be collected and paid to Beneficiary. and, should it fail to do so, Trustor rrlati ucably
<br />authorizes and er» powers Beneficiary. in the name of Trustor or otherwise, to fie, prosecute, settle or compromise any such claim and
<br />to collect, receipt for and retain the proceeds lftho Trust Property is abandoned by Trustor, or, after notice by Beneficiary
<br />to Trustor
<br />Mat the condemnor offers to make an award or settle a claim for damages, Trustor fails to respond to Beneficiary within thirty (30) days
<br />@&V the date such notice is mailed. 8enehctary is suthonzed to collect and apply the proceeds in the manner indicated herein. The
<br />rhWeed-9 of any award or train may, after deducting all reasonable c osts and expenses. including attorney foes. which tray have
<br />been incurred by Berrgkc,ary in tae reLection thereof, at the sole disc retion ul Beneficiary, be released to Trustor, applied to
<br />resipfat en of Trust Property, or applied to the payment or the indebtodriess Urr'ess 8enuficiary and Trustor oIherwise agreo in writing
<br />any such application of proceeds to Indebtedness shair ri&T uxWond or Lr`rslp.7ne the due date of the Note or tho payment of any
<br />installments called for thereunder
<br />12 Tmstor Not Released Extension of the fame for payrrenf or maddicat :cn of ary urrcntarion ultie Indebtedness rytanrt!d by V0neh.Crar(
<br />to any successor to Interest of Ttusrof shaft nbt operate to release in any manner. the Irabijty tJf Trustor aunt Tru ;for 5 successor ; it,
<br />interest Berre`icrary shall not be required to cf)mirence
<br />proceedings against such successot or refuse to 04telyd firn[- for vairment of
<br />v'1'v%G. �%-3v o, iF.6'tir�trfirbirt¢febfppt E ;S [1} rEaSQn Gr13ny rf(t�e tfit} made fy Trustor and Truster s
<br />suC ct s5 ^r:.
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<br />13 FrnariCry hdtpm►abc7ri tJporl request of ¢jetiefc,ary, Trualf;r m;1 prowdo to BCfit'I,Crilry ,•.0111111 r.:noN (90, days of rnij ct(40 r,t c:n.r) f.5� ,r!
<br />year ref Truster, the cor ;otidated balance street and staterrent of 6arn:nys 0 frij5tur and
<br />any and all quctranrlu, r r1 the
<br />9lCLlre'tf t4filby. If any, and w:11 prorde and deliver rte Hene6ciary such tither franc ra; trifofrr?atit +n art,' m Stich r-ariiirr, (1S Vnrerrt rw,'
<br />tray reasonat -ho teQuest horn t"rr� to t.1ne
<br />14 1'nrtrN rat G ✓vE+ridntS In aUdfian iii any (rlhrlr !•nanGral i risen in ►5 f!! rrusr,•,rr made m arty nrhtir J�rter +l( r.t rrs9, =r c ^t r +r r1
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