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<br /> • insu►anco p►em�ums�D►amd rents,and all other chargea whatsoeverlevled upon or easessed,placed or mede aga�ns►�he Trust -
<br /> � ! ' propeAy.Tiustorlu�the►ayrees,upon w�ltten requast by�enellcfary,to p►ompNy dellvar to Bonalfclary al1 recelpts for the payment ol ,,b��;.
<br /> •:•�:�_•.,,. auch chi►gea. Tn�ator Ilkewlsa aprees ro pay all toxea,ssaeasmenls and oNw►cha►pes lov�pd upon or a�sersed, placad a mada , � 'a:
<br /> - - -- - apunst�a rnns,au►�ad by�thls Daod of Trelat o►the�eco►dnlMn hc►rwnt •`�t'•.:«.-�.;_---°----
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<br /> . ,, 6, ^ppNcatlon o!P�ymenls.All payments rece�ved by Bene�lalary as to any debt,IIaWGry or oblipadon owed fo Beneliclary by ►rusra � .,�.� ::1.. _�
<br /> ; may be applled by Benelklary to/he peyment of the Indebtedness or to eny such other debt,llablHry or obllgatlon,ln any order a ,_„_;,re,
<br /> .,. ,. ..._ ....Ft�.
<br /> manner ol applicadon whlch Beneflclery.!n its absolute d/screUon,deems appropdate.Unless otherwlse elected by 8enelicJary,any .: + _•__
<br /> � such payment ahaB be deemed epplled first to the payment ol any debt,Nablllty orobllpation other than the Note. ,-.,•;.:�-.,ri.�w�____�
<br /> .�,..�__
<br /> • B. C�erpea:L/ena.Tivator wlll keep d►a Trust Property Ireo��om all Ilens end encumb►ancas whlah�n any way may, in the Judgment o! ,�, ,s,�;�����
<br /> Bone6clery,have prlalty ove►,or impelr the aecurlty ol,thls Deod of Tiust buf Truslo►nead nof diRCharge eny such//en so lons as � .=�,,�;���,17.
<br /> _� trusta shall egree,m wnnng,to pay the obligaUon secured by such Ilen rn e menner eccepfable to Beneliclary and shell in good lelfh , ,;(
<br /> ' � (� conteat such Ilen by appropNate lepal proceedlnys ellective to prevent the entorcement o!the Ilen and fha loas of eny inte►est�n or ' y, _„�� �
<br /> pert of tha Tiust Propwfy. ���
<br /> � 7. Hazard Inslnsurance�ca�rsese�8lactory torBene/!c ary agalnsf�oss by lire,hezards ncl uded!n he term texfended cove ege e na d R^�" I�. „ -
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<br /> 0 Inaured by _....�,.•_._...:
<br /> such other hezards,casual►!es end contingencies ps�►�a Y b e►e q u l r e d b y B e n e N c l a ry,!n s u c h a m o u n t s a n d!or such pedods as may ;: �„t
<br /> � requlied by Bene/Iclery.The pollcy o►insu►ar+ce Shai1 Q►e in form acceptabfe to 9enallciery.provide that the sa^+�may not be ,
<br /> � ��;�F. rl cancelled a modlBed without�ifteen ft5y days p�ior wr�Ken rtotice ro BeneliciarY.artd sO+aN►+ave toss paya4fe prnv�sians i►e(a����d
<br /> ' �'� "=�� � In fo►m accePtab/e fo Beneliciary-Afl piemiums on insurance pdicies sAalf be paid in the manner prowdec�:enda�,c+.�9rd9��+ � ,' �
<br /> .��,:,- ;. na to the due date.ddcACtly�to tAe in5¢tv31e►Ce ;�•E::�.�;.:.�;;
<br /> . ',',�a���• oi,�/rwt paid in such manne►,by T►ustcr maklhg payment at least 6Reen(75)days p •
<br /> �Y ' !;; �'�:;� r.,t �,
<br /> ' " � Ceriler Beneficiary shad have the►ight ta hold fhe�ool.�cies and renewals thereof artd Tiustor shall pro►npthr furnish to Benaflcia eff :�;`: ! � ;`� ,;;
<br /> � � C� renewal noUCes and al�pa�d premlum receipts�ecei+�ed by it In no event shai!��neficlary or Trustee be held respor+slble/or fa►lure ta ,,;,,,,,,,,,,,;•.. ,
<br /> pay lnsur.�nce premrums o�la any loss a damaga arising out o�a delect in anH Fol�cy or arising out ol any fai�uve ol any insurance � �•:;:<<�`��: • � .,�<< �
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<br /> ,1 . ,.,i.j�� cpn�A,ny to pay/or eny/oss or damage inswe►d against or fa lailure by Trustor;a e7�eat tha lnsu�ance re ulred hereuneler,fn the event ,,. ,i„t"�•.:.��i��.::�:,j'.c.�•:
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<br /> c+f loss,Trustor shall glve prompt notice by mal!to►he lnsu►ance carner and BeneNciary.8aneficiary may make p►oof oi�css i�not �� 4.;�:•�.:;t};:,;;¢�:`
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<br /> , �i,':::_�:r;��• rnade prompdyor in proper/orm by Trusror.Al!poUCles ollnsurance and any and all refunds of uneamed premiums av�hare0y i f-
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<br /> — ,.t. , •.s•,��(.:�•°:;,:,��X asslgned to Benellclary as addlNonal securiry for fha paymenf o/the Indebtedness. ��+the event al BeneNciaFy's exerci.se ol fhe power
<br /> <;.
<br /> 1`{+:: :� . ��'�` �.;4nA. ot sale conte/ned ha►eln,o�In the event of/oreclosure,all dght,dGe and lnteres?of Truata�ln and tu any IRS�:�ance polcy then!n force � ����jy:,
<br /> �''�'' ��'�`,'' • shall pass ro the Qurchaser at the hustee's sale or loreclosure sale.M case ol any ross,tne in.su�ance pi��ads may,et the opHon o/ �r'�I�1`t;•.
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<br /> ,•,i;;.:;:•�'7� 6eneticlary,be epP�led by Benellclary upon the lndebtedness,or any pert thereo�,and!n suc�o�der and amount as Bene c ary may
<br /> ':�<' dete►mine;or seld lnsurence proceeds,af the optlan ol Beneficlery,mey eflher be used!n re,�lacing or restoring fhe Trust P�operty �-�`�;,
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<br /> paA(ally or totaly destroyed to a condltion satls/actory to Beneliclery:or sa�d lnsurance proceeds,or any poAion fhereol,may be , �
<br /> releaaed to Tiustor.Unless Beneficlery and Trustor othenvlse egrea/n w�itlng,any such appllcallon ollnsurance proceeds shall not �_.�, ;i
<br /> � • extend or postpone the due date of fhe Note,or any Installments called for fhereln,or change the amount ot such lnstallments.11 the ' '..t
<br /> � Trust Prope►ty Is acqWred by BeneNcl�ry pursuant to rhe exerclse o/fhe power o!sale or other lorec/osuro,all rlght,tide and/nlerest o/ :�.
<br /> ��' Trusto�ln and ro any Insurance proceeds payable as a result of demage to the Tiust Property prior to the sale oi acquisltlon shall pass .
<br /> :�r,,. to Beneliclery and shall be applled lirst to the costs and expensea,lncluding aftorney lees,Incuned In collectlng such p►ocaeds,then �
<br /> � `. Jn the manner end!n the order provlded heieln. . ,
<br /> — - "-`' '.�� 8, Pra5erva8an and M�Intenance ot TruQt P�nperry.Truaror wlll keep the bulldings and other lmprovements now or hereaRer erected on :' ,�.
<br /> ;.• .. _:. .....�,;,...
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<br /> � ��'.���• the Trust Property!n good repa(r and conditlon and w(11 nol commlf or Brm�t waste,wUl not alter rhe design ur sGuefuraf charactor
<br /> ,�s ,. .:, P ' �
<br /> •••��Z�� �• constituting any bulld/ng now or herea/tei e►ecfed on and consfituling the Trust Property wlthout fhe prlar wrinen consent ot
<br /> �. '� '`�'.:,, ��•, ;, . :;, ,
<br /> ' . :,; =:��•,ti,;. •, Beneflclary,wi��not do any act or ihing wh/�h would unduty Impalr or depreciafe fhe valua o/the Trusf Property and will not abandon I
<br /> f• .�� the Trust Property.Trustor wl11 not remove any llxtu�es constltuNng the Tiust Property unless the same are immadlately replaced wlth i
<br /> � `.,:- ':•• . .
<br /> .,,; �� � • ;'�' �` llke p►operry subJect to the Ilen and secunty lnteresf ol thls Deed ol Tiust and ol at feast equa/vafue and ut(lity. Trustor wfll comply w�fh i
<br /> �••t'%. 1' . all resent and luture ardlnances,�egu/alions and requfrements o�eny governmental body which are applicabla to the Tiust Prope►ry
<br /> ;�#� : � . .,y,::. P
<br /> . ;t. . ,�# end to the xcupency and use fhereoJ. 1!this Deed of Trust is on e unlf In a condominlum or e planned unit development, Trustor shall :
<br />� , ,��:" �� pe►form el►o�Trustor's oblfgetlons under the declaredons or covenants creoNng or govem(ng the condominlum a the planned unlf `•
<br /> development,the bylaws and regufalions ol the condomlNum or nlanned unit developmenf,end the constituent documents.
<br /> ' g, Inspectlon.Beneliaary or its agents may,at all�easonable t(mes,enter upon the Trust P�operry for the purpose of enspectlon.
<br /> ��'�� • Beneliclary sha//have no dury to make such mspect�on and shal/not be liable to Trustor or�o any pe�son in possesslon�l!t makes or I
<br /> � • ���.-�, � „ ,1�_,���� lafls tomake any such mspectlon. ;
<br /> `:E� �..�•:n;;,;,..• ;;:�� � 1p, protection of Security.Ii 7rustor lails to pedorm any of the covenants and agreemenfs contamed in this Deed o/Trust, or if�ny ection
<br /> •';k, '. or proceeding is commenced whlch does or mey edversely aNect the Trusf Propeny or the lnterest ol Tiusfor or Benehcia therein or
<br /> � ���• ' �� � '`��i". the tlde of Trustor the�eto,then Beneliciary,at its opbon,mey perform such convenants end agreements,make such appearances, �
<br /> � ' u �.':�•� � � `�!• defend against and lnvestigate such achon or proceeding and take such other action as Beneliclery deems necessery�o protect rts
<br /> �� •:,� . interest lncluding,but not limited fo,disbursement o/reasonable adomey lees and entry upon 1he Trusf Property to make►epairs.My I
<br /> , �;,,�. � .: amounfs disbursed by Beneficiary pursuanf to th�s paregraph f 0,with Interest thereon,shall constitute Indebtedness o!Trustor
<br /> ���;� � • • • � secured by thls Ueed of Tiust. Unless Trusto►and Benel�ciary egree to other terms ol payment,such amounts shall be payeb/e upon t
<br /> � '�•'� • � notice Irom Benel(ciary to Trustor requesting peyment fhereol,and shall bear Inferest/rom the deto ol dlsbursernent at fhe default rate, �
<br /> ��� • il any,set fonh in the Note,or otherwise at the highest rate pormitted by law.Noth�ng contalned in this pa►agraph shall require
<br /> ' ��,��,... � Benehclary ro incur any expense or take any action hereunder. Trustor lrrevocebty authorizes and empowers Beneliciary to enter upon
<br /> ' the Trust Properry as Trustor's agent end,in Trustor's name or otherwise to perlorm any and all covenants and agieements to be
<br /> pe►lormed by T�ustor as herein provided. Beneflclary shaU,at Us option,be subrogated tc any encumbrance,lien, c►alm or demend
<br /> and to all rigMs and securities fa the paymertf!he�eo/paid or discherged by 8e�e1lc�ary under the prov�sions hereol end any such i
<br /> sub►ogaflon eghfs shall be eddiNonal and cumu/af,ve secunty lor th�s Deed ol Trust. ; •
<br /> 11. Condemnetlnn. The proceeds of any award or claim lor damages.d�rect or consequenhal,in connection with any condemnafion or
<br /> other taking of the Trust Propem/,o�any part thereof,or for conveyance in l�eu o�o�ln anhc�pafion ol condemnahon,eie hereby
<br /> assigned fo and shall be pald to Beneficiary. Trustor w+ll lile and prosecute,m good fa�th and with due diligence,its claim lor any such
<br /> award orpeyment,and wll!cause fhe same to be coNected and paid ro Benehc�ary,and,shouid if fail to do so.Trustor�rrevocably �
<br /> � aathorizes and emAOwe►s 8ene►�ciary,rn the neme ol Trustor or ofhe►w�se.to Hle,prosecute.setde o�compromise any such clalm and • •
<br /> s • to co/lect receip-fo�and�efain ihe p�oceeds.!f the Trust Propa►ty�s abandonetl by Trusta.o�,aNer nohce by Bene%ciary to Trusfor
<br /> thaf I�e condemnor oBe�s to make an award or sRttle a cla�m for damages. 7iusror lads fo respond to Benel�ciary wdhm thnry 130)days
<br /> at'e►ih.a date such nof/ce!s mai'°d.Benef�ciary�s euthonzed to collect and apply Ihe proceeds m the manner mdicafed he►em. The . .
<br /> � p�cceeds of any award or cla�m ma�.aRer deduchng au reasonable costs and expenses,�rcluding atto�ney tees, wh�cn may have
<br /> been�nc�netl by Benelfcrar,r in the co►lachon thereuf.at the sole discrehon pf Henahc�a.ry�.be refeased to Trusror, a.^;:lied to
<br /> restoration of Trcrst?�operty,o�appUed to the payment ot the Indebtedness. llniESS Benehc�ary and Trusfo��therwis�e agree,n wnnag. ,
<br /> - any such a,op��cafion of p��ceeds to Indebfedness shall not extend o+post�one tne due date o'fhe ti0to a the payment ol any
<br /> _ � � mstallments caJled�w fhereunde�.
<br /> +� r�„crnr Not Released.Extens�or�f the Gme lor payment or moddicahon o�any amort:zaf:on o�tne Indebtedness g�anted by Benel�c�ay
<br />. ._ _._..__.__ . ._�....�I r�....�n.nna T..�el�r'c e�MrPCCnIC IIl .
<br /> ._.__._
<br /> k0 BAy SUCCP,550►in IqfB/8St Ol TILStO�Shall f1Ot OpBIB�@ f0/C�Bese.in eny u�pnnv�. in8 nau.�nr... .........•...•.. ••�--•- - ---- -
<br /> interesf.Beneficrary shall not be�equued to commenco prviceedmgs against suCh sucCessoi or reluse to extend I�me lor paymenf o►
<br /> ofherw�se mod�/y arr•orhzanon o!ihe lndebted�ess by�eason ol any demanv made by Trusto►and Trus�or's successors
<br /> m interesr.
<br /> 13. Financial lnlormahor+ Upon�evues�ol Bertehcrary. Trusfor will prov�de 10 Bene��ciary.wdh�n nmety l�!deys ot the c�cse of each l�scar
<br /> year ol Trusfor. Ihe cons�l�dated balance sheet and statement o�earmngs of Tiustor and any and all gua►antors o/the Indebtedness
<br /> secured heieby,il any.and rw:;,c'awde and delrver to Be�elrc�ary such omer Imancra�,nlormabon and m such manne�as Benel�c�ary
<br /> may reasonebly request/rom hme to Gme.
<br /> 14. Financ�al Corenants In addil�on to any o(her 6nanc�al covenants o► Trustor rr�.aUe�n any otner aq�eemen�.�nsnument or document.
<br /> Trustor shall comply wdh and shall cause eny and a11 guarantors ol the Indea:eartess secureu he�eoy rc comply wdh,or be�n
<br /> compliance w�th,the following/�nanc�al covenants�fTh�s pa►agreph snai!►rot apoiy��covenants and�eqwrements a�e not set
<br /> .� lonh herein.l
<br /> 15 foRh a!l lesses olthe�usf Prope�rry.o�rYsny portrton fhereolunclud�ng�n eacntc�e.�tne name o/fhe fenents'orr octcupantssa�descnphon
<br /> o/the space occupied by such tenant or occupanl.the rental payeble!o�such space.and sucn ofher�rrlormahon and oocumenfs w�rh
<br /> irespect fo such Ieases and fen�nacts as Benel�c�ary may roasonably request
<br /> • � __ _ _
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