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105337
<br />ineunrtce praetfunhte; gravid rirh's, and all other cfwgefl whateoevar hauled upon or aaseeaed pAeced or made against the Trust
<br />ft o pwy. Trustor &WW owe", WM waver request by 8wwwary►. to pro mw wirer to Bertertclary at mc*ca lfor die payment of
<br />such chtrgeef. Tiwlor ilrewiea agre*s a pay af► taxe+� as�ssmernta and stirrer charges avied upon or asaesaed, pAaced a madM
<br />agahet, or mNaured br, this rased of Truer of we recordor'on hereof
<br />' S. J{pp>Icatlan o/ Payrttents. A,A pa�rr�tere4r rvrearived by 8erteNcYary as to any debt. �ty or ottligation o+ewd 110 BwAeA�ciary by Trafbr -
<br />MW be W PWd by Benellcisfrr•to the pit wmV of tyte IfrtrNbteofnees or fb any such other debt, fiablW of ob>rgatlon, In any order or
<br />(� rrraneterolappAtCailon whAClr BeraArciary, kf its absvA+te discrrwa►, tlaents apfxopriate. UVdWs otherwise eacted by B�eneAciary, ar►1►
<br />t auc,h parrtwK ShO be dawned appN*d rhea to tha paynWit of airy dirbt. Ma6ft or obMgatinn oftw than► the Note.
<br />V. 0tatgeri aerie, Troy_ W wiN AMP the Trust Propery fnw from all Mans andaticwnbrances which in amr wav may in theAxlotn o/ -
<br />- - - 8wte�itd�iry. /ia�i-pi�orffy oMir, or-�riipiii thi secutt�y� this Drid of Test 6cM Trusst�cr revs! nod disch� airy east: Mn sa lbrtQ as -- - — - -
<br />• Tnrevor shaiN ap!!eb!', tn�+ � �c� b txev+e►�d � aemw►of �Mnroand� at�an �1n o�
<br />oantearstrW►�Wwt . _ .
<br />partanne T� t�ropwy. -
<br />7. Hazard lflwxm w 'Tirator ~ MMP the buwfdirtgs and other inyxoverttents now existrrp or hwsmftr erected on the Trust PmpwW
<br />k*MW by irMlfrencs carters 84 MlaCbry tb Belt kWY against loss by. No. hazards kWuded An rite tom ' IxWW4d coverage•, and
<br />such abler llm" t, caeualges and conaitgertcles as may be required by BWM*iary, kn Mich mounts and %for such periods as may be
<br />required by Bwteticiaryr. The poky o1 iraurenoe MW be is form acceptable to Beneficiary, provide drat the same may nor be
<br />cano W or madfied without ti em (161 days prix wr*a, notice to Berteliciwy, and shah have loss payable provbtons in favor of and
<br />In tarn accapra * AD Beneficiary. AN premiums on insurance pokles shaft be paid in the manner provided under paragraph 4 hereof
<br />or, Nnorpafdin such manner, by Thwormartang papimw at'*W Moen (15) days prior to the due data; dwecMy to die insurance
<br />carrier. Beroelkiary shall have ft right to hW rite poticAas and renewals thereof and Dustor shah prompty furnfsh to Beneficiary aN
<br />rwnewat novices and aN pafd prt+emilurn receipts received by it. In no event shah Beneficiary or Trustee be Mild responsible for f&Wm ro
<br />payirssutance pre MWM or for any lass or damage arising out of a defect in any policy or arfsktp out of any tsikfra► of airy insurance
<br />COMpW 10 pily for any Am or damage insured against or Jbr of nMw shell gibe prtxrtpt n bj/ m gm to Me insurance c rapier �t the &y � required if the t
<br />made promptly or in proper IomJ by Thwor. AN pokciss of insurance acrd any and aN r k9ft of unearned prwnkxm are hereby
<br />assigned to BeneiFCimy as additional sectrri!y! for the payment of the Indebtedness. In the event of BsnMktinty s exercise of the power
<br />of sale contained herein, or in the event of kwwk w1a, all right, title and interest of Trustor in and to any Insurance poAk y then in brce
<br />shall pass to ilia puriahaser at tyre trustees sat or kmcwure me. to case of any foss, the insurance proceeds may, at die option of
<br />BeneficAW, be applied by Bwm*J ry upon the lndebtedraess, or any part thereof, and in such order and amount as Benefikiary may
<br />doOrftft., or said insurance proceeds, at die option of a0l0ffcfary, may either be used in replacing or resiWag %rte Trust Property
<br />partiaffy or totafy destroyed to a condition satistacMry to 3eneficfary; or said insurance proceeds, or any por*0 dnereof, may be
<br />neNastecl ro MM Urdess Benoklary and Trustor otherwise agree fir writing, any such appiicadon of insurance proceeds shaltnot
<br />axtwrrd dr posOmw ate due date of the Note:, ar any insta+lrrertts CMW for therefn. or change the amount of ouch instalkrterrts: if die
<br />ThAt RerV" is acquired by Beneficiary pursuant to the.,s wcise of tine power of seta or other foreclosure. all nght tide and k tMnest of
<br />Trustor In and to any insurance proceeds paysrbfe as a result of damage to the Trust- Properly prforto lire sale or acquisition &W pass
<br />to Berieliciary and shah be applied lust to drs cots and expenses. fr MARng attorney fees, incurrod Ors colecting such proceeds, titan
<br />In die manner and in the order provided hwwT,
<br />8. Preservation and -Maintenance of Trust P Trus1w will k the buildi s and other I `-
<br />, the Trust � �P r►9 mproverrenis now or Inereaitere+ecned co
<br />Property in good repair and condition and will not commit or Pan7* waste, will not after the design or structural character
<br />constituting any bwMng now or hereafter erected on and constituting the Trust Property without the prior written consent of
<br />Beneficiary, wiN no do any act or Mg whk:h would unduly impair or depreciate the value of the Trust Property and will noteftndca
<br />the Trust Property, Trustor ofd not remove any fixtures constituting the mist Property unless the same are immediately replkwd with
<br />like property subject to the AM and security interest of tMs Deed of Tru stand of at least equal value and Wity. Trustor wift comply wide
<br />aN present and !afore ordinances, regulations and requirements of any (pNernmental body which are appffcaW to the Trust Pmpeq
<br />and to the occupancy and use thereof. N Ws Deed of Trug is on a unit in a condonmrdurn or a planned unit 0WVAlkt{nrment, Truatarshallr,
<br />perform aN of TrustOes obAq&kws under the declarations orcovenants creating or woveming the condominfmrx ni the planned unit,
<br />development the bylaws and raOufations of the condomi73 ✓17 or planned unit devebpment and tho conatuont documents. -
<br />9. Inspection. Benefyz srry or its a its may, ov ail:reasonable times, enburWo'n the Trust Property for the purpose of inspec&n.
<br />Beneffclary, shall rjvmno d0i f-�;Tnake such inspection and shall not tliltWe to Trustor or to any person in possession if it makes or
<br />fails to make any such inspeifieri ,-
<br />10. ProWWOon of Security. N Trustor fails to perform any of tine.,Mvenants and agreements contained in this Deed of Trust, or it any action
<br />or p *h'*,edfng is commenced which does or may adversrvw� r?tfect the Trust Property or the interest of Trustor or Beneficiary ftrerebs or
<br />the trflli of Trtrstl7►10weto, then Beneficiary, at its option, May perform such convenants and agreements, make such appedmil,, =,
<br />d'eAw3d against ar3�''investigate such action or proceedb�g and take such other action as Beneficiary deems necessary ti�l�Tctect its
<br />Intereet lnc/uding, but not limited to, disbursement al rea>srnab/e attomey fees and entry upon the Trust Property to mat% rsb ,airs. Any fir
<br />Y.i
<br />amoet ors d/abursed by Beneltcfary pursuant to this Para, ±�,ph fo, with interest therean, shall constitute Indebtedness of Pluaror
<br />ae+c(,rvpra� by this Deed of Trust Unless Trustor and Beneficiary agree to other terms of payment, such amounts shall be payable upon
<br />notice from Beneficiary to Tiastor requestin^;aayment thereof, and shall bear interest from the date of disbursement at the default rate,
<br />if any, set forts in the Note, or otherwise ,3i r i»ghest Tale permitted by law. Nothing contained in this paragraph shall require
<br />Bsrteficiary fo Incur any expense a take an /::lrtfon hereunder. Trustor Irrevocably authorizes and empowers Beneficiary to enter upon
<br />the Trust Property as Trustor's went and, in Tfuslar s name or otherwise to
<br />perlcm, any and alf covenants anti agreements to be
<br />Pw,t need by Trustor as heror,• lm ovided. Beneficiary sl<ah; at its option, be subrogoded fo any encumbrance, ;;Ain, claim or demand
<br />anOf 1191all rights and securities for the payment thereof p:.vd rrr discharged by Bere,'iciary under the pro visiorI- hereof and any such
<br />subr $bw rights shall be additional and cumulative socz -rly for this Deed of Trust.
<br />It. Condemnation. The proceeds of any award Aar'.cA* ry Par damages, dreacr or consequential, in connection with any conow- myYy1fon or
<br />order taking o1 the trust Property, or any par ri�erePA �, :onveyav' a in lieu of or in anticipation of condemnation, are hereby
<br />essi�red b and shall be paid t!a Beneficiary. =rt,3tcc' vvril fii�, and prosecute, in good faith and with due diligence, its claim for any such
<br />awrirdcr,• payment, end wilt caut3Fr the same to be Col /ec'yt+d and paid to Beneficiary, and, should it fail to do so, Trustor irrevocably
<br />audiorjzes and empowers &9r�t�ffisrary, in the name of trustor or otherwise, to fit &, prosecute, settle or compromise any such claim and
<br />to COAMCI, receipt h7r and relelr ! proceeds. 1l the Trust Property is abandoned by Trustor, or, after notice by Beneficiery (a Trustor
<br />Ihat the Condemrtot oilers to make en award or settle a claim for damages, TruSlOr fails to respond to Beneficiary within 1tijit. e3o) days
<br />aflher the date such notice is matted, Beneficiary !s authorized to c011eet and apply the proceeds in the manner indicated he: 3;n. The
<br />proceeds of any award or c4iv s-, sy, alter deducting all reasonable costs and expenses, including attorney fees, which may rave
<br />beer., frncu red by Beneficiary in the collection thereof, a! 114, 330/8 discretion of Beneficiary, be released to Trustar, applied fo-
<br />rearo'ra► n of Trust Property, or applied to the payment ofte Indebtedness. Unless Beneficiary and Trustor otherwise agrile k; writing,
<br />any such application of proceeds to indebtedness shall n& tot extend or powpone the due date of the Note or the payment (If•ru�}r
<br />fnstalkrwnts calved for thereunder.
<br />12. Trustor Not Released. Extension of the time for paymer<Q c21r a iOdifica!;nfz nt any* z3tiarr el the lndektsdnea; granted by &;Jraficiatjx ;
<br />in are successor in interest of a re Trustor shall not operate:i7 r'alease, in any manner, lha liability of Trustor and Trustor's successors in
<br />interest. Berreficfary shah rwI be required to COMM MO& AIMedings against such a ccessor or refuse to extend time fur payment or
<br />otherwise modify amortization of the Indebtedness by reason of any demand made by Trustor and Trustor's successors
<br />L in interest.
<br />13. ffnarteiaf Intbrmation Upon request of Beneficiary. Trusim will provide to Beneficiary. within ninety (go) days of the close of each fiscal
<br />yeat Of Trustor, the consolydaled balance sheet and statement of earnings of Tfustor 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 ,n such manner as fienefrcrary
<br />MY reasonably request from time to lima.
<br />14 Financial Covenants In addrt O.", to any other financial covenants of Trtr.;tar rracfe in only other agreemon t, inst/umont or docureer+t.
<br />Trustof %ball comply with and shall cause any and hil guar311ter8 of rho lrtdobted/ross secured horefiy to comply with, or bo fir
<br />^_ampliartce with, the following financial covenants (This paragraph shalt not appP, 0 covenants and requirements are n()t s%et
<br />f6oh he/"In f
<br />15 scheduto of i ras03 fN,ttun Hon r itlJ ti3ys alter demand. Trustor shall fu/arsh fo BCr�ef:c,a (t shoud Jre. c rtrr•e
<br />t >y t1 t1 krf.r rrusfcr. ce►fe
<br />ftriha.4 let3.,eo t2f fhU 7nr ;f FjrOpert•,r, OF any PortonVroresst, rnccrudtr,(l in each calo ire r. ?ttTp r t t.''F► IF'rr3rrrg r r cv cUF�,tr:! : a ffo� ;f rpr.. /pit
<br />(rf Ilia opaL'U fdGU(r'eO tfy StJ! h rnr,trit Q! bCCUjJanC (ho rEttal(1 l3.'(' Ire/ SJC It ;`ll.�! C�. 3P!7 sttr;h fir r ?r r:- trot?•, Al t a tfr>tt rt: *t ii:T Pn1`: th
<br />`8_`- iiC+r. � tL{ S!�irh i8:1�(i rillff rRRid %Gi�S i3:r �i�Jh9rt/.,`r'tlr�i rtt;! -j/ rE*t7a^GROI.'iy rR(j:fOSr
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