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<br /> or obsolete, prov�ded that su f�from se�p dde i ret nti nd devtcr�secucity aQreementyor� `a1►erecn umbrnnce.�Such _«
<br /> repleced persona! prop�rty. "
<br /> �n replacement of personal praperty will be dcemed subject to th�s�u�=tW������nt�Bcnc•flciury oP a REtICIIUy�SOQ$fhl8 'r""
<br /> not partitlon or subdlvtde the PropeRy without Beaeficlory'e p se of ias ectin the Fro e My ;;..,.
<br /> may. at Beneflciary's option,enter the ProgertY at any reasonabla Nme for the PueRo P 8 P rtY• ;;.ts.
<br /> ! � Inspcctiorn oY the Property shnll tse entirety for Beaefi�inry's tseneflt und Tcusror will in e�o way rely on Benefielnry's .V,
<br /> . . �� iaspection. }`'`��
<br /> ;�4�� 13.AYTi'HORiTY'1'O PE1tFORM.If Tcustortfo Is�er 1 en docuymeatrthat hras priorit over thia De�ci�of Trust�8enefic{ary �^";'
<br /> mnrtgage.dced of trust. security agreetnea P e�:;:�:•,.
<br /> 'o'. .��:i may.withouc rcotice.Perform the dutiea or cause them t�ormance. If y constcuction on theflFrnperty ia disc�oIItinuned or �:,��
<br /> sign Trustor's ru�me or pay any nmount nx,essncY 1� interest ��?�:-
<br /> � do whatever ia necessarY to prntect Heaoficiary's security �r.
<br /> " not carried on in a reasonable manner.�enef{cfary may �_ ---
<br /> 1 tn the Progerty.This maY include completiag the constniction. —..-
<br /> ' � BeneTiciery's rtght w perforan for Tcustor sbe11 not creat�an obli�ation to p�dorm.aad Bsneficiary's failure to pErform °_
<br /> ' will not preclude Beneficiary from exercisfag anY of Heaeficiary's other rights uader the law or this Deed of 1Yust.Any ��_„_;
<br /> amounts paid by Benefieiary for insuriu8. Preservi°g or othecwise protectiag We Property aad Beneflclary's secuelry N,_:
<br /> �t interest w111 be due on demaad aad will bear iaterat from the date of the payment untll paid 1a full at the interest rate in e!A
<br /> �... effect from Wne to time accordiag�°�e�T�of the Evidence of IAebt. �f_:.
<br /> .,��; i�.A�9SIGNME N T O F�.�:A S E�S A N U R E N H'S,T r u s t a r i r r evacabl y �►ts�conveys and sells as addidonai secueity all the �i{;�. :
<br /> .��t�;:;".•;:��; righY,tltle attd iaterest in aad to any and ell: ���d�y other wrltten or verb�i agrc�ements for the use and
<br /> �t�t?;:
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<br /> -;. r:.,.1!� A. Exlsting or Poture leases, subleasea� Ilcc�sea, fluara�► �:�..
<br /> , ,''. ��i;'`i occupeney of any portion of the PronertY, ineludin anY extenslons, renewals. moc�ificatlous or subatitutions of �'.:_��
<br /> �L �N�, ..
<br /> sueh agr�nents(all referred to as"Laases). �,
<br /> �.:i� B. Reats.Issues and profits<all reFerred ro as'Rents"),including but not limited to securlry dmep�osl�t,s ���othei i4'":
<br /> percentage rent, additional mnt�cvmmon ama maint.�nance charges, parkiag char8�� �;,�._
<br /> applicable taxes� inesuraace Pre�N��°nMbutions,liye�idated dameges following default. canceltation prcmiuttis.
<br /> n y°
<br /> .� "loss of rents"insurance, revenues, myaldea.Procceds,bonusea. �of the w�ol or any�partWOf the P�operty.y have
<br /> thst ia any way p��to or is a►acxount of the use or occupan�Y
<br /> �„�t�� nromptly pmvlde �eneficiary with tn�e aad corre�t �°pies of all existing and l�tiue L�eases. Tcustor mey
<br /> . coll�ct,receive�enjoy and use the Rente so long es Trusior le aat in defs�lt. Tn'-�"r wUt not collect ���t�i e
<br /> �� due in fttture lease perinds�unl�se Trueror ftrst obtafne 8eneficiary's wricten oonsent. Upon default,
<br /> �,;.��. any Rents!a trust for BeneAcinry ead Tcuator wiq not commiA8le the Reats v�ith enY other Poada.Aay emow►ts wllected
<br /> nhall be applied at Beaeticiory's dfscretioa to puyments on the 5ecurcd Debt as therela provided. to costs of manaIIing tke
<br /> �,c�,� hal
<br /> pt�perty. lacluding� but aot limited ao�Wl texes� 888C881riCAt8�insumnoe P�m1um9� �P�,°�al �d eoutt costa•
<br /> :�:^r,-,�.,� a gente�and to eny other aecessary related eapenses tacluding Heneticiury�8 BL��CyB'feas.p@8
<br /> -'�,:..,.r�` TYuswr Ackstowledges that t61s asstgnment b pe r fec t e d u p o n the recording of this Deed o Y'l'n t st an d t h a t B e nH�c t a t Y=s
<br /> `" .;'� entitled to nodt� nny of�'cuator's tenants to make payaycnt of renta due or to become due to BeneticlarY.
<br /> .��,;:•;y•, Benetiriary u&rees t�only on default c lA B oAtic�ivingi the�odce ofddeTcu�tor's��r wUt eadorse �deli et�o
<br /> titcure Rents b� paid dIc�ectlY to Benefi ary
<br /> �-_„�.4' Ben�ficiury any paYments of Rent in Tn�tor's possession. _
<br />==�=�,:':'� 'frustor coveranta that ao default exiate uuder the Leases or any aPPlies+�le landlord luw.'E'rustor also covenants aad agroes
<br /> c._� licable law.Tcustor wUl promPUY�ot�fY
<br /> .'--?�:��:�_'.� W maintaia. and to require the tena�ts to comply wi�h.the T�ses aad any ePP
<br /> -_.�:�::�:� BeaeRciary of any noasompliance.If 7kustor heglects or refunes to enforce compliance wittt the temns of the Leases.then =-
<br /> BeaeRciary may. at aeaeflciary's opdoa�eaforce co�ap1laace. 'TNStor will obtaia Bene�iciary's wai�aen authorl�adon
<br /> '"���`��°��� before Tnistor consenta to sublei.�nod�rY�ca�ncel. or otherwise�lter the L,oses�,tor e�uciun�be�r3We�Leas s4or any R►�
<br /> __ �;;._.
<br /> a�.;•� ' :� covered by such Leasea<unless the L,eas�es so requice).or to ass gn. comP -
<br /> =�i.;�m� s,. R�ats. T�uator wUl hold BensficiuY liarmless and inde�'Sy Beneflciary for siny pnd aU Itebiliry. loss or damags that
<br /> ��� Beaeflciary may incur as a consequeace of the sssignment uu�l�r this sc�ction.
<br /> f-�.=�`�� �• PLANNED UNiT D�VELOPMEN'r3. If the Prmperty includes a uait in a condomfaivaa or a
<br /> __ �s.CaPiDOMII�NM �
<br /> �r,naf�,mmini»�r anned�uni�etopu�trform ctlil of Tcuator's dudes uader the caveaonta.by-lawa.or regWat�ons of e .
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<br /> w♦x;�;;. 16.DIEFAULT.Ttustor wW be in default if aay of the followia�uc�u� t�vhen due:
<br /> `•-�..:.:�"�• A. AaY Ds►rtY obllgated oa the Secured Debt fails to malce payraen �or mortgage or any oonsuucdon loaa agcaeare�t� --
<br /> -��:.x��:.'-`. � B. A breach of any term or wvenent in tLls Deed of'IYust.au AP� ��or ot�e�v�+ise retating w We Socured =_
<br /> ' � � .. security agreemcnt or any otmer dacument evidenctng,g�e tY B•
<br /> �� Debt;
<br /> � C. The mukina or fluA[ehu'�g of auy verbal os writtea repres A�r�t��o b llgated n�e Secured Debt��ia fnlse W
<br /> or���(��y material respect by Trustor or any perso licatioa of uny debtor telief law to.Tcuscor or at►Y _
<br /> � ��� . D. The death.diosnlutioa. appolnnnent of a teceiver for,or app
<br /> � �;:;, � persoa or ent[ty obligat�d on tUe Secured Debt: wi� ��to �y p�n or enttty -
<br /> �T . g. A good faith belief by Beaeflctary�t any dme that Benea ctary is in�red or the PropertY is impaired;
<br /> � obligatai on the Sesured Bebt or that the prospect of anY p Y�
<br /> � F. A mnterial ndverse chauge in Tcuawr's busWcss includia�owner�ip,ms�ne8ement.aad finnncial conditiona.which
<br /> ___-��'-�� m.,�,�.,�s�,ta ics onlnion believes Impafrs the v�ine of the PropertY or rePaYment oithe Secured Uebt;or
<br /> ....e,..a���et hicWv emdible land or to the
<br /> ".'w--� ''� 0. Any loan Procxeds nre used 8or a putpose tnac wiii c:oniri`vuta w.:..,.w..__----- -- -
<br /> oonvereion of wedands to produce en a8dcultural�°�i�Y•���er explained in 7 C.F+.R.Part 1440,Subpart
<br /> O.Exhtbit M. -
<br /> , i7.REMEDIES ON DEFAUL���ioa���or nther ot ces smd caaY westabl�h time schedul�e,9 forfoVreclosuretacflons. _
<br /> ' noitce of thc r�B�t��� ac�lerate the Sex�red IDebt and foreclose this Dead of Trust in a _
<br /> 5ut�ect to these limitatione, if any.Bez►eficlary may _
<br /> � � > maaner provided by law if t4�is 71�ustor is in defautt. _
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