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<br /> ';�;:`. .�...;•<�� fnsur�nc�promlums,arowid rents,�nd�H othe�clwrpas whatsosvxr levlod upan or sssossed,placerl a mAde ayAlnst Ihe Tiust �:.�r�`�"'`�""`:
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<br /> ' � �. ,., .� pro�rty.tru�to►lurth�r epr�s.upon wrlftan►equssf by BanoBc/ary.to prompty de�ivar to Benellc/ary all recelpts lor tha payment d ;.�.t,..:�__--------
<br /> ': � : . . •;�•�,..��a iuch clwpaa.Tnutor Ilk�wls�apraes to p�y�11 t�ures,�ssosamena end at►w�ch�►Qes�ev�ad upon a as�ossod,P1ecM a m�de �,��;p,f _�_
<br /> , - —_---�;�.. iNidiwi�a niwi�cw�xl Lr�tt�iF�aint of Trust ut FFhi iw:urdan3ts h8ri8f. - ~ ------
<br /> •� � • • 0 b. �ppHCallon ol P�yn»nts.AI!p�ymenls�aCefv�d bY BeneNCle►Y as to anY debt,fiaWGry a obllpadon owed ro BeneNclary by 1►usta j•,_�;�__� `
<br /> ' , C� ma y bY�ppllod by BerhY6c1�ry to fh9 pAym�nt ol fhe Indebtedness a ro any such ofher debf,IieWlity a o6llyedon,ln any order a .,�_,;_;_.�.R.,Ww_
<br /> � , Q manner of�ppllc�don whlch BenHiclary.ln it8 wbsdute dltcretlon,deems eppropda►B. Unfess otAOnvfse e lec t e d by 9 e n ah cl a r y,an y f , y,�
<br /> � � such paynwnt ahul bo ifeerrwd appl/ed l�rat ro the payment al any debt llablliry or obllgaGOn ofher then the Note. �T -�
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<br /> � ; � � � 8. Clwy�or,LNna. TrwOor wJ1J kwp fhe Tiust PropeAy frea fran all lions and encumbrences whlch!n eny way mey,!n the Judyment ol _��_
<br /> _ _ � Benel�c�ery,h�ve pilairy over,a Impalr the aecudry of,thls Deed ol Trost but Trusfor need not dlscherge any such Ilan so lonp as �y�r�a��al.�%.;a��:=—
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<br /> t Truata�hall ap�ee.ln wntlnp,ta pey thB obWpatlon secu►etJ by such hen m a manner ecceplab/e W 8eneliclary and shafl in good lalfh
<br /> � cantest auch llen by epproprlote I�QaI p�oceedlnpa eflecdve to provenf the enlacement ol the IJen and Iho loss of any Interost In a � "����i1.:
<br /> paAOl►he Trust Properry. ~�,�;��t� p �' - "`:
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<br /> . � 7. He=a►d Insurance. Trusfor shAll keep fhe bu�ldlnDs and other Improvements naw exisdnp or hereaRer erected on tha lrust Property . _l,:;�a�.�,�•,,,.,.
<br /> Insured by lnsurence ca►ders sada/actory to Banehclary agalnsr loss by Nra,harards�ncluded in 1he ferm"extended cove►age"and ,
<br /> such other hezaids,casualtlas end contlngencJes as may be iequlred by Banepc�ery.In such amounts and lor such pedods as may be ,� .
<br /> raqulred by Beneflclary.The pollcy of lnsurance shall be!n lorm acceptable fo Beneficiary,p�ov�de that the same may not be
<br /> � " canCe/led or modiRed wlfhoul/ilteen(16)days pnoi wrfften noNce fo�ene/lclary,and shall have loss payeble provlslons In fevo►o�and
<br /> ' ' In Mrm acceplable to Benellclary.Al/premlums on insurance paNaias shall be pa�d!n the manr.ar provided under parapraph 4 hereol , ,
<br /> � � or,!1 not peld!n such manner,by Trustor making paymenf af/oesf filteen(15)days prior fo fhe due date,directty fo the insurenco �, , . .. �,, r,
<br /> cenle►.Beneficlary shall have the nghf to hold the paqcles and renewals thereol and Trostor shall promptly lurnish to Bene6ciar)r all
<br /> renewel nodces end all pa(d premlum recelpts recolved by!l.In no eye+►t shall Benel�crary or Tiustee be held iesponsib�e/or farrure m
<br /> pay lnsurance premlums a lor any loss or damape aris�ng out ol a defect fn eny policy or adsing out ol any failure oi arty�nsurance . � � ��x,
<br /> Compeny to pay!or any foss or damege insured egainst a Mr failure by 7rustor ro el►ect Ihe Insurance reqwrod hereundec In the event �,��. ;;. . �,,Y:�
<br /> � o/foss,Trusfor shall g�ve p�mAr notice by maA to the insurance carner and Oeneficiary.Beneliclary mey make proof ot bss if not i r,, .
<br /> ,, made promptly orin proper l;��sn by Trustor.AN pulicies ol msa�ance and any artd al�refunds of uneamed p►em�urr+s a►e hweby �`'•�� :°:�"�:
<br /> "��' '��:" asslgnQd to Beneficlary as addltlonal secunry/or fhe payment of the tndebtedness.ln the event of Beneliclary's exercise o!the,powe� •��'�-�s
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<br /> �;���.� • ol sale contalned hereJn,o�in the event ol loreclosure,all dght,title and�rtterest ol Tiustor In and to any insu►ance policy then!m!a�ca , ;:�_,¢n..
<br /> ,�•���r;::' � shal/pass to the purchaser a►the hustee's sale or fo►eclosure safe.In case of any bss,the insurance proceeds mak.at 1;^e ar�n�n o1
<br /> Benellclary,be applled by 8enepclary upon the Indebtedness,or any part therevf.and in such order and amount as'�ena9:c�a y rnsy _;,: _
<br /> determine;or seld lnsu�ance pioceeds,at Ihe option ot BeneNcJary,may either be used ln replacing or restoring fh:,rust Pioperry �` �'
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<br /> � ��� ' partlalty or totally desboyed to a condiNon satls/actory to Beneliciary;a sald Insurance proceeds,or any portion tl�a�eo1,may be ��:� �,
<br /> � � � • • ! refeased to Trusror.Unless Beneflciary and Tiustor othenvlse ag►ee!n wnGng,eny auch appllcatlon o!insu►ance prxeeds shall not -
<br /> ' •!�):rii�•'..i.;
<br /> ,{', extend or postpone fhe due dafe o/fhe Note,oi any installments called/or theraln,or change the amount o/such lnstallments.I/fhe � r
<br /> � �'���� Trust Property is acqulred by Beneliclary pursuant to fhe exerclse ol the power ol sale or other forec►osure,a!I right,tlUe and interest ol � • , `•'1�.�:`; •
<br /> '� Tiustor(n and[o any lnsurance proceeds payable as a resulf ol damage to the Trust Pioperry pnor to 1he safe ar acpwsitlon shall pass ��;�,�j,'� �''r
<br /> • fo 8ene/lclery and shall be applled Bist to t he cas ts an d e z p e n s e s,i n c l u d i n g a t t o m e y/ees,lncurred in cdlect(n g such proceeds,then , .
<br /> : . /n the manner and!n tbe order provlded hereln. ,:?':;:,
<br /> ;•.;n� - `-� " '� �1. Preservation and Mair�tar�nn�e of Tiust F�ayerty.Tru�t��wi!!keep the��:Ndings and n�her impravements now or hereaRer erected on �!. •��.�.,, ; _,•t,.,_ ;�• .
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<br /> ,j; .� ,t .. • . '�'•.�. , the Tiust�'►qperry In good�epei�and condilion and will not commit cr pe�rnit waste,wAI not aRe�the deslgn or st�uctural character �„� ' t. ��
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<br /> ' ` • .i, � constitufing Any buifding naw a�he►ealter erected on and constituhng the 7�ust Property without the prior wri[ien consenf ol �����
<br /> ��;<< '% • ;�:J,�� ' • ��r�++;� Benelidary.wlAnof do aTy aci or fhing which would unduly impav ai dep�ev�ate iha value ol the Trust Propeify and wlll not abanden .�;�,
<br /> ' t '`� the Trust Properry.Trustor wdl not►emove any flxluras constituting the Tiust Prop�rry-unless the same a►e immediately replaceu with ::
<br /> ,,�,,� • ;;ti`u. Ilke prope►fy subject to the lien and secu�iry inYerest ol fhis Deed ol Trusf and of a:�east equal value and utlllty.7rusto►wtl•comply with ,,. 1 .
<br /> • • ��,, all present and luture ordinences,�agu/ations and requiiements of any governmenral body whlch are appllcable to the T�us!Properly ;l:� .
<br /> !�'� and to the occupancy and use thpreoi. 11 fh,s Deed o/Trust!s on a unit in a co»domfnium or a planned unR development, Tiustor shall ; �� , ,,
<br /> "�,:, . : �;;��.,'',. peAorm all o/Trustoi s oblfgadons unCer the declaratlons or covenanls c�eadng or goveming the condom�nium or fhe planned unit `,
<br /> •,; dovefopment,the bylaws and�egulalrons ol fhe condominium or planned urnt developmenl,and the consfituem da:uments. i
<br /> � 9. lnspectlon.Bene�lciary or its agents may,at a!/reasonable limes,enter upon the Trust PropeKy lor the purpose of�nspect�on. �
<br /> � '; � Benellclary shall have no dury fo make such inspection and shall not be llable to Trustor a to any person in possession if rt makes or k
<br /> j, • �,�� la�ls to make any such Inspect�on. ;
<br /> '"�"'�� f0. Profectior+o/Security.If Tiustor lails to perlorm any o/!he covanants and ag�aements confa�ned ln tn�s Oeed o/Trust,or�l any achon
<br /> .• . ' � ' or proceeCinS,s commenced whrch does or may adversely aH^ct Ihe T�ust Property ar!he interest o`7�ustor or Beneficiary therein or ;
<br /> "��:� ���' •'�7��G�':•� the tltle ol Trusto�fhe�eta,then 6enelicrary,at its opdon.may perlorm such convenanfs a»d agreeman�s,make such appearances. �
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<br /> :, ,1, ,..;�r,�,1; :,�. delend agalnst and Invesligate such act�on o►proceed►ng and take such other ac�ion as Bens/laary doems necessary to protect its
<br /> ;t '�� '�;:.r.,�p,,, mterest lncluding,but not l�mited to,disbursement of reasonahle attorney/ees antl entry upon the T�ust Property to make repairs.My �
<br /> � �''���•� emounts d/sbuised by 8eneliciary pursuant to fhis paragreph 10,w�th mfe►est thereon.shall constliute lndebtedness o!Tiusto�
<br /> �. �•Ji •r...:.' �I
<br /> ,,:„.�, secuied 0v this Qeed ol Trust. Unless Trusfor and Beneliciary agree ro other terms ol payment,such amounts shall be payeble upon
<br /> ' :��"'`'•� noNce!ro►r.3�nellciary to Trustor requeshng pa yment thereol.and shal/bear interest Irom the date ol d�sbursement al Ihe delault rafe,
<br /> .` ..�' !l any,set!arlh In the Note,or otherw�se at fhe highest►ete permittecl by law.Nothing contained/n this paragraph shell requue ;
<br /> 6eneliciary fo�ncur any expense or take any acfion hereunder. Trusta►rrevocably authonzes and empowers Beneficiary fo enter upon E
<br /> fhe T►ust Properry as T�ustoi s agenf and,in Trustoi�s name or othenv�se to perlorm any and all covenants and ag►eerrents to be
<br /> ,, . �.��.;, perlamed by 7rustor as herein p►owded.BeneGciary shall,at irs opt�an,be subrogated to any encumbrance.l�en,claim or demand .
<br /> r' , end to pli►ighis and secunties lor fhe payment thereol paid or discha�ged by Benehclary under tne p�owsions hereo/and any such �
<br /> � sub►ogat.or�rghts shell be eddi�ional and cumulat�ve secu��ty 1or this^eed ol Trust � . '�.:� � ,
<br /> J�•� .:' 11. Condemnafion.The proceeds o!any awa►d or claim/or dameges,due�'or consequenGal,m connectron w�th any condemnanon o► , �:. �,,
<br /> ' � �•'� other teking o/the Trust Property.or any part thereol,or for conveyance�n lieu of o��n anhcipa►ion o!condemnabon,are hereby .���.• �
<br /> • .-. .
<br /> • sssigned to and shall De paid to 8er.elic�ary. 7rustor wdl file and prosecute.in gcctl farth and wdh due d�ligence,ds claim for any such �
<br /> • ,;..,' award o►payment,anU will ceuse the same to be collected and pald to 8enellc+ary.and,should rt latl to do so, Trustor mevocab/y
<br /> • ,,;.�., . authoriaes and empowers Benefic�a�j,rn the name of T►uslor or other,v,se,to hle.��osecute,sett.e flr compromise any such cla�m and ,
<br /> ,; . to collect,recelpt!or and refam th�Fioceeds. If fhe Trust ProperPj�s abandonetl by T�ustor.or.a�te•not�Ce by BenehCiery to Trusfo►
<br /> ;���•%'�' ' that the condemnor oNe�s to make an award o�sett�e a cleim for damages. Trustcr lerls to�espon;:to 8eneliciary wdhin thlrly(30)days
<br /> ,s :;"$',. aRe►the date such nnrco�s maded,8enehc�ary�s a::!�r�zPd to co//ect and apcl:�rhe proceeds in the manner ind�cated he►ein.Tho
<br /> proceeds ol any awa•d or cia�m may.alter deduc:rng Fr�easonable costs end o•c�errses,mcluding ettOrney�.'eos.whlCh mey heve i
<br /> '' ��� been mcuned by Beneh��ary m the collecr�on tnerec� a:r.ae soie d�screncn ol 6-e^elrc�ary,be released to,•as^��.applied to
<br /> resto►ation o/Trust Pioperry.or app�red to the payment of the ln::etredness Unless Benelic�ary anc;1Yusto�ot.7e/wise ag►ee�n wnbng, .
<br /> any such apphca6on ol proceeds to indebtedness shall nof ex�erc�:•;�as7pone tne due date c'fhe Note or the payment�l arr
<br /> . Insfallments called lo►thereunde►.
<br /> 't... » r.,��enr Nn►F1AleasAd Extension o/the hme lor paVmenf or modd�catron o1 any amort�zahon cf f^e lndebtedness g►antetl by�enahaery
<br /> ,� .: ti. ._.
<br /> , • to any successor m�nterest o/Trusb►shall no�ope�ate to release.�n an y manne�.tne��ab�nry o�Frusror ano �rusror s succvssur�m
<br /> ��.� ' r• � mteresf.Benehaary shall not be�eqwred fo commence p►oceedmgs agemst sucn successor o►refuse to exte��time!or payment or
<br /> � • . otherw�se modrfy amort�zahon of the�nde6fedness by reason erany demand made by trusro�anU Trustor�s successors
<br /> in interest.
<br /> �i 13. FinanCiel In/ormahon.Upon reques�of Bene�rcrary. Trustor wd�pra�+de ro 8enehaary,wdhin nine.ry(901 days of fhe close o�earn hscal
<br /> S� year ol Trustoi.the consof�dafed baience sheet artd statemeRe af ea►nmgs o�Trustor and any and all guaranto�s of the Indebtedness
<br /> secu►ed hereby.�f any,and wdl provide and deGver!o Benef�aary such other fmanc�al inlormabon and rn sucn�ranne►as Henel�ciary
<br /> may reasonaby requesf Irom hme to hme
<br /> 1� Frnanc�al Covenenfs.In addrGon fo any ofhe►hnanaa►covenartts o!lrustor made�n any other eg►eement,�rrst►ument or dacument.
<br /> T►usto�shall compfy wdh and shali cause eny and ail guarantors of rhe Indebtedness secured hereby to cornply w�th.o�be�n ,
<br /> compnance wrtn.rhe iocow�ng l�rtenCral covenants (Tn,s para��ap»snau rtot eppn-i�covenants and requ�remenrc are not ser
<br /> � forth he►em.) � • •
<br /> 15. Schedufe of Lesses w�m�n ren r t01 days aKer�emanu Trusro�sna��ium�sn ro Bene/�c�ary a schedule.cert►6ed ro by Trustor,semng
<br /> � forih e(1 le9ses of fhe T�us�Prope►ty.or any portion mi3reol�nclud�ng m eaCh cese,the neme ot the tenan�s or oCCUpants.e desCnpbon
<br /> � ol the speCe ocCUp�ed by such tenanf or bCCUpaN.fhe rent�l payable loi such space,and such other�nfo►mahon end documents wdh
<br /> S respecf to such leases and fenanc�es as Benel�c�ary may reasonably requesf
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