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<br />InsurSwe premiums, prow ?d rents, and alt other charges whatsoever levied upcm or assessed, placed or made against the Trust
<br />written request by Benoficiary, to PrGmptty deliver to Beneficiary all receipts for the pavntant of
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<br />prop". Truster furth9t agrees, upon
<br />such charges. Trust�+ltawue agrees to pay all taxes, assessments and other charges r;, tiad upon or assessed, placed or mado
<br />against, or measured by. this [Teed of Trust or the recorderon hartxaE
<br />5. AppltcaMn of Payments. All payments received by Beneficiary as to any debt, liability or obligation owed to Beneficiaq by Tnrstot
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<br />may be applied by Beneficlary to tie payment of the Indebtedness a, to any such other debt, liability or obligation, in any order or
<br />Beneficiary, in its absolute discrv!"'an, deems appropriate. Unless otherwise elected by Beneficiary. an;
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<br />manner of application which
<br />such payment shall be deemed applied first to the payment of any debt; liability or obligation other than the Note.
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<br />6. Chargas; Liens. Trustor will keep the Trust Property free from all hens and encumbrances which in any way may, in tha judgment of
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<br />Beneficiary, have priority over, or impair the secunly of, this Deed of Trust but Trustor need not discharge any suc.`r lien so tong as
<br />by such lien in a mariner acceptable to Beneficiary acid shall In good faith
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<br />Truster shall agree, in writing, to pay the obligation secured
<br />contest such lien by appropriate legal proceedings effective to prevent the enforcement of the lien and the loss of any interest in or
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<br />part of the Trust Property.
<br />T. Hazard insurance. Truster shall keep the buildings and other improvements now existing or hereafter erected on the Trust Property
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<br />- D insurance camers satisfactory to Beneficiary against loss by tire, hazards included in the term "extended coverage" and,
<br />insured y
<br />as may be required by Beneficiary. in such amounts and for such periods as may be
<br />- such other hazards, casualties and contingencies
<br />required by Beneficiary. The policy of insurance shall be in form acceptable to Beneficiary, provide that the same may not be
<br />to Beneficiary, and shall have loss payable provisions in favor of and
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<br />cancelled orrnodifietf without fifteen (15) days prior written notice
<br />in form acceptable to Beneficiary. All premiums on insurance policies shall be paid in the manner provided under paragraph 4 hereof
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<br />or, if not paid in such manner, by Truster making payment at least fifteen (15) days prior to the due date, directly to the insurance
<br />tix,•mmt and Trustor shall prompty. t4mish to Beneficiary all
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<br />carrier. Beneficiary shalt have the right to hold the policies and rorlewals
<br />renewal notices and all paid premium receipts received by it /tr no event h „It Beneficiary or Trustee t1r3� 11K 0 responsible for failure to
<br />pay insurance premiums or for any loss or damage arising our cf• a ddw.t irr. ;ry; y policy of arming out of w7y., farilure of any insurance
<br />company to pay for any loss or damage insured against or for tirilure l,)y r/wswr to ottecr rf .rrsvrance rscTuved hereunder. In the event
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<br />of loss, Truster shall give prompt; r?Wjce by mail i4 the insur dttr„ra :;n7• er, .$ rd Seneficiary. 13iyri,- �;ciary may make proof Qfrlrlss it not
<br />ana';wTy, refuncs of unearned tfremiums alr� rtareby
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<br />made promptly or in proper form by Truster. Ail IaNicies of insurance ,;.nd all
<br />to Beneficiary as additional securi1VAx- the payment of the lndel t.-- dress. In the event of Beneficiary's exercise of the power
<br />assigned
<br />of sate contained t rein, or in the event of foreclosure, all right, title and imai c.- of Trustor?” and to any insurance policy ff"en in force
<br />foreclosure In case of any toss, ore in trance proceeds may, al :li.,e option car"
<br />srtat! pass to the purchaser at the trustee's sale or sale.
<br />BeneNciary, be applied by Beneficiary upon the Indebtedness, car any part thereof, and BT •SIrIy? order and amount as lac siary may
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<br />date=ine; or salc+ insurance proceeds, at the option of Be, .0tiary, may either be used in na(,yt,:cing or restoring the Tn s: Property
<br />to satisfactory to Bener.-ciary; or said insurance prociivds, or any portion thereof, may be
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<br />partially or totW,'y destroyed a condition
<br />released to Trustor. Unless Beneficiary and Truster otherwise agree in wr t rn. any such application of insurance proceeds shall not
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<br />extend or postpone the due date of the Note, or any installments called far uta- 'ein, or change the amount of such installments. If the
<br />to the exercise of the putter of sale or other foreclosure, all right title and interest of
<br />Trust Property is acquired by Beneficiary pursuant
<br />Trustor in and to any insurance proceeds payable as a result of damage to the Trust Popery prior to the sale or acquisition shall pass
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<br />to Beneficiary and shall be applied first to the costs and expenses, including attorney fees , %urred in collecting such proceeds, then
<br />in the manner and in the order provided herein.
<br />8. Preservation and Waintenance of Trust Property. Trustor will keep the buildir rs and ocher u-rrrr vem£ais row or hereafter erected on
<br />the Trust Property in good repair and condition and will not commit of permit lxaste. milt nct VVt the oasaan or structural character
<br />constituting any building now or hereafter erected on and constituting the 7rrs1 Prope -,}r *,if avi the prior written consent of
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<br />Beneficiary, wNl not do any act or thing which would unduly impair or depreciate the vaiLe a` Me Trust Property and will not abandon
<br />the Trust Property. Trustor will not remove any fixtures 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
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<br />all present and future ordinances, regulations and requirements 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 in a condominium or a planned unit development. Trustor shall
<br />perform al! of Trustor's obrigaticns under thA rinplarations or covenants creating or qoverning the condominium or the planned unit
<br />development, the bylaws and regulations of the condominium or planned unit development, and the constituent documents.
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<br />9. Inspection. Beneficiary or its agents may, at all reasonable times, enter upon the Trust Property for the purpose of rrs ryY ilea.
<br />Beneficiary shall have no duly to make such inspection and shall not be liable to Trustor or to any person in possessxx ,hit makes or
<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, ar.;t ,rrys ,�crron
<br />or proceeding is commenced which does or may adversely affect the Trust Property or the interest of Trustor or BenVVf-- ,,aril JtPrar+._r
<br />the fide of Trustor thereto, than Beneficiary. at its option, may perform such convenants and agreements. make such ,�pl]C�rx: M.
<br />defend against and investigate such action or proceed nc; and take such other action as Beneficiary deems necessar)r l ?J: protecbfm ;
<br />limited to, disbursement of reasonable attorney fees and entry upon the Trust Property to snake repairs. Acy
<br />interest includ&ng, but not
<br />amounts disbzrsed'• by Beneficiary pursuanr to finis paragraph 10, with interest thereon, shay constautc . -x lcdness of Trustor
<br />secured by this Seed of Trust. Unless Trustor and Beneficiary agree to other terms of payment. such alrjums shall be payable upon
<br />notice from Beneficiary to Trustor requesting payment thereof, and shall bear interest from the date of ci;sbursement at the default rate.
<br />if ary, set forth in the Note, or otherwise at the highest rate permitted by law. Nothing contained in this paragraph shall require
<br />Beneficiary, to incur any expense or take any action hereunder. Trustor irrevocably authorzos a.od empowers Beneficiary to enter upon
<br />,174- Trust Property as Trustor -s agent and. in Trustor's name or otherwise to perform any and.- all ccvFr•;� is and agreements to be
<br />performed by Trustor as herein provided. Beneficiary shall, at its option, be subrogated to any encilml+rance, lien, claim or demand
<br />and to all righ a and securities for the payment thereof paid or discharged by Beneficiary under tire pns,r•srons hereof and any sucr*
<br />wilrogation rigi.is, shall be additional and cumulative security for this Deed of Trust.
<br />i t. Coors, s�rrnaeGr ?: the proceeds of any award or claim for damages. direct or consequermal: -n connection with any condemnation or
<br />-rWer IZ.4nrq ilf the Trost Property. or any part thereof, or for conveyance in lieu of or in aJvtcipation of condemnation. are hereby
<br />a to. aad:shall be paid to Beneficiary. Trustor will file and prosecute. in good faith and with due diligence. its claim for any
<br />award or payrr ev. and will cause the same to be collected and paid to Brlreficiary. and. should it fa l * do so, Trustor irrevocably
<br />authorizes amdluy7powers Beneficiary. m J7�_ nerre of Trustor or otheM,,- ,,rz- -, ili-ffle, prosecute. settle or alrnpromise any such claim and
<br />to collect, recePt fur and retain the proceeds. Il. fIle Trust Property ,3 aba- ,dinid by Trustor, or, after''rchce by Beneficiary to Trustor
<br />that the condemnor offers to make an award or settle a claim fiat oa!nagr-:s., rru?.*grt,;jl:j m: respond to Beneficiary within thirty (30) days
<br />affer the date such notice Is 1nai4 rh Beneficiary is authorized lu collect. am o-2p!y in the manner indicated herein. The
<br />proceeds of any award or dwm may. after deducting all reasonable coots ;lrrd axpeM 1;.+rIclud ng attorney fees. which may have
<br />been incurred by Benehcrary -in r1sr,• $ Jrl9rrtrirr merest, at the sole discretion of Beneftclary, be released to Trustor, applied to
<br />restoration of Trusr Property, err apptied m t/m payment of the lndebtedross, Unless Beneficiary and Trustor otherwise agree in wnifing,
<br />any such application of proce1313 tb lndebivilness shall not extend or postpone the due date of the Ak)Ia- or the payment of any
<br />Installments called for thereurdim
<br />72. 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 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 amortization of the Indebtedness by reason of any demand made by Trustor and Trustor's successors
<br />in interest.
<br />13. Financial Information. 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 />may reasonably request from time to time.
<br />14. Financial Covenants. In addition to any other financial covenants of Trustor made in any other agreement, instrument or document,
<br />Trustor shall comply with and shall cause any and all guarantors of the Indebtedness secured hereby to comply with, or be in
<br />compliance with, the following financial covenants: (This paragraph shall not apply it covenants and requirements are not set
<br />forth herein.)
<br />15. Schedule of Leases. Within ten (10) days after demand. Trustor shall furnish ro Beneficiary a schedule, certified to by Trustor. setting
<br />forth all leases of the Trust Property. or any portion thereol, including rr each case. the name of the tenants or occupants. a description
<br />oflhe space occupied by such tenant or occupant. the rental payable for such space. and such other information and documents with
<br />respect to such leases and tenancies as Benefciary may reasonably request
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