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<br /> � , � . :_ .. .�. Nau►ano�p�n� ,,QrawrtJ nMa,and W oN�cNaryaf whatsawr lovkd upon a ass�saad,plac�al a m�da�pptnst dN Tiust �-.�,.�-��—...
<br /> . , •�Y plq7�rry,TfWtW�hwN��Dr�wt.upo+�w�rUt�n roqw�f by Ban�AWary,M P�+►�WY d�itwr to B�Ncluy W ncNA►�Ib�►N►R payment d �'
<br /> °. - � "�• ai,cN cA�r��.Tie�s�a lik�+�n�s ro pay aY ta�s.��stnM+itt and oNNr c►ur�s NW�d upon or a�ssuad,pl�u�d a mad� �`-�-
<br /> � � ��_ •=
<br /> ; `:r;--,.��..:-,;,,; �ptM�rf,a rtNUwad by.NW ONd o/Tiust a ths rocad�don n�nol.
<br /> '..� � � a. Ae�A►n�tr,rr ol P�y�n�eMa.AMp+�ynwr�a ncrlwd by B�NCJarY u ro�nY d�bt.IIAWtify a oblipadon aww!ta BeneNclary by Trwta _—_ -
<br /> _ _ ,''` "', p� b BenafklW to fh�Wl�►►'�Int of ths Ind�bbdr►�ta or(o eny sucb ofhe►dtW�IiabNiry a ab!►paNw►,k�any ordsr or �--�—
<br /> � �,:,.. �,.,w
<br /> `,'d�� , •n.?)„ �. /�71wIR�/O/�cayUon whlch B�rM/cl�rY,l�lta�bsdute d/scntlon.dMms�ppmpdaro.UMsss ofh�rwue aMctad by B�►�darY,ru►y �=
<br /> .,�F,�: ::; . ���;,;�. such p�ym�nf shW be dsrm�d appAisd/'iist to Ihe paiymsnt ol any d�bf.IN�twrty a obNp�tkan W►�►than rhe Note. ---
<br /> . f r.� _
<br /> �,,, ��;;,,�.,. -y;� s. c�ea:ca►,a.Tivator wW keop fhs TiuBf Properly Ire�hom all kM�and encumbnncas whlch!n eny w�y m�y.,�me�uaa,r,e�►r a �5.-�.� _
<br /> _ _ _ . �, i� QarolPdory,heve p►lo►fly over,oilmp�lr H�e ser.�wlry al,MJo Or�tl of Tiust buf Tiusro►n66d�wt dkGhar�e any such Ilen so b�np�8
<br /> � ��'�°- - � -- � • Tiusta ahaA s8ree,!n w�iNng,fo pay the obllpoHon recured by such uen!n a manner aaaaptabJ�a ta BeneJ�cu�ry and sha111n good l�tth , ,�-
<br /> ' , : --�--�;.b:------ .. •
<br /> �; . �;;:.lt;•. , '"'1 contest suah llen by approprioto kpal p►ocaadlnpa odoctive M prevant l/w on/acemanf of fhe uer►and the bss of any intwest in or - - =_ °—
<br /> . � . � paR ol H�e Trust Prope►ty. �j.,u-
<br /> " � ' � 7. H e z a r d I n a u r a n c e. T i u s f a►s h a l l k e e p t h e b uildin gs and other lm pravemenls now exl�dng a heraefte�erected on the Tius1 Properly y I�_�:s_-
<br /> _ ', '= ' � lneured by lr�surance ca►�lers satlsfpciory to BeneNciary agalnst loss by lire,hazarde!ncluded!n Ihe ta�m"exten de d aaverage' a n d ._: =.
<br /> _�`T..'"_ ' r . .
<br />-- / ' such otlwr hszaMs.casua(tlas au'►d conD,rr4wxlas as maY bv r�qu��ed by BeneHclary,!n such amounta and!o�such perlada as may be , i.�:�::`-"'
<br /> �,� ' • ' � < �,�y�pr @¢��iCJ�ry,_11�pa4�y o/tRSwance shall,r�irr tF�rm ecc�epWuble l0 9enellclary,provlda that the sama may not be ,:�:.:;,;—
<br /> — +• ' � cancsYod a m�odlNed without 6Rewi(151 days p�or writll�r►rwticQ[rr�erre�lolary,and shell have loss payable p�ov/slana!n leva of and T. —
<br /> ��:�! - , �
<br /> 3. � " • y
<br /> in b�m+acceptabte to�afrciary•AN p►emfrxns on insurarrco Pdic�e$s��l be Paid In the manna�provlded under paragrapA�hereoJ t.� �� �
<br />, ..,�� � *,.;.,�";� " a,i/not paTd in suCO�maanneR,by T�stmr rnaMny payrr�ent at teost fiftevn f t b)days pdo►to fha due date,dhecNy fo the Insu�ance Y �,f,�, �:
<br /> :•��'� '' y:;;,�#'.},� � carri��.8eneflClAr�sOvap Aa�e/he�+�1�?�hofd the pol�cios and rerwwa�s Utereof and Tivator shafl p�omptly IurMsh to BenefiGlary all q�S; ;�..,,�,,.
<br /> s� ' 1� ''�.:,..., .t r��, 3 �� ;..
<br />����j,1 � '��, y���'}�,`��i{ : ,renewal nvJlaes�'a��pa�t!p►e�e+++�recel pts recatv4d by ic!n rro eu�sha0 BeneHclary or Trustee ba he►d�esponsible for fallure to ys,S�f:,�tt i#�$�v_._�,.
<br /> , �,,;,;'. ':���;;,i,. ,. �;{��?��� s �'�pay insu�anc8,��omiums ar for a�y l�ass�r damage aristrtg a�ut ot s c�eAect In any policy or adsing out of any lailure ol any lnsu�ance l�jy if tta�.i`h.l i -
<br /> � � ;��;, + {• �1..��,� �cor�n�any fo pAy la an,loss ar dan+age ins4�ed a�a:res!a ib�faiM,�re by riustor to eflect the insurance requhed hereunde�.ln the event ,�,:��s;y,,j,},� ':
<br />_;.,'tE,�:,. <<4�, ;,r��:•,s.:';,` •
<br />_-;,. ��t;�� , ,., o}ress,T�uStor Sh811 giv8 p�ota�p.t rp?ica b,�v mail ro the Mau►anCe caole�&nd Beneficlary.Beneficiary may make prool of fasa i/not �,t.�,��y��t`�l�',?,?��z_<__
<br /> � ' ' �'r �l�'��• ���, rnatlo �om 11 0�In � a�forrn by Trustor.A11 olicles ol insuranCe and an and a l l re lun ds o f unesmed piamlums ara he�eb y �+�N;�` , ', �e_
<br /> � ti ., � E,<•st�f>;�":,5 P P !' P�A P Y 1 ��l���� _
<br /> ' . %'�� � �;;;�y,t�';,r;�!�',:;:"t', aasrgnar!zo 8anerclary as addilional securlty for the payment ol the/ndebtednes�.!n the event o/Beneficiary's exe�olse al tAa powe� �d�r�c�,
<br /> � �)•:�' --, . •r-,-.
<br /> ;.;;�},;�'•';� , •,:;�;�r�•��•��••�r•;�•�:;-�• ot sa�e cka�taNrBa ne�ein,w�n the event oi laeclosure,ali nght uHe and Interest of T�u9to►In and to any msurance poNOy men m rorce _
<br /> :��;��`"��"�' , ,(�i•'fi:,;�;•�'rty,;„;��`t�i7�'�yh��� sha!!pass ro the Furchaser at the huatee's sele a lorecfosure safe.In case o/an las&,the/nsuranae p�oceads ma ,at the optlon ol _-
<br /> ' �f r;:c,•,�j;,��;„��;,i�''.,.'• • 6enelicfary,be appirerJ by BeneBclary upon the Mdebtedness,or any paA the�eol,and ln such order and emount as Beneilclary mey , � ,s�,.
<br /> �':'•" � '� determine;or sald Insurance proceeds,at the opnon of Benellcrary,mey e�fher be used!n replacing or iesforin8 the Tiust Property • . ,
<br /> . �.�� �:�3
<br /> pa►ilally or totally destroyed ro a condltlon saNs/ectory to Benellcfory;or sald►nsurence proceeda,or any portlon thereol,may be �Fi!�+�;
<br /> �. ,
<br /> �eleased to Tiusto►.Unlesa AeneHcfery and TrusMr othe►wlse epree!n wdBng,any such appllcatlon o/!n&u►ence proceeds shelf not :�:�.�_
<br /> extend a pas►pone the due date ol the Note,or eny Insfellmenfa celled/a thereln,o�ahenge fhe amount of such/nslal�monf8.1!Ihe —=�=��,
<br /> �• � Trust PropeRy 1s acqulred by BeneNalary pursuent to fhe exercise of lhe power ol sale or other loreclosu►e,all npht,�Ide and int�resf ol �s;�'�_.
<br /> • ' �+i:';�' ' � �+� Trusta In end to enylnsurance proceeds payeble as a result of damepe to�►e Tivat Properly pr/or to fhe sele or acqu�sitlon shail pass ''F•;r�"';-
<br /> , , 'r►:�, '�, .,¢,. to BsnellcNry end shell be applled prsf lo the coala and expon�os,►ncludlnQ aQanay/ao�r,lncurrod m colkcdnp such proc�ds.fhan �, , _ _
<br /> � In fh�manner and!n Ihe order proWded hereln. 1 �
<br /> - � `,,��`;'__�. ;', 8. Pnyorv�Non and Malntenance o/Trust Pnoperty.Tiusro►wiU keep the bulld�npa and other�mprovemenfa now or herealler erecfeti on �.�.r.-- •._='
<br /> —°,��: �' Ih�Tiutf PropoRy In gootl iepair anal cond�pon and wi!!not commit a pem+it wna�Ib,w!!!noi altw tha deafBn or structura!charactar �.��M -
<br /> z � �� aonstltutinp any bulldlnp now or herealfer erected on and constltuNng the Trust Property wlthout the prlo►wdtten consent o/ ,e�yy���,; .--
<br /> . • • BeneHclary,w10 not tlo eny ecf or thing whlch would unduly impaa or depreclete the velue of fhe Tiust Prope�ty and wlll not abando» �.'�a.���� ---
<br /> �� S•'. �•;•., " � the Tivat Pioperry. trustor wlll not remove any/fx�ures constltutlng 1he Trusf Property unleas Ihe same are lmmedlatety repleced wlth y�w•:��"._�Y : _
<br /> � • ' . . .� Ilke p►opeity sub/ecf to the Ilen and secudty lnterest ol thls Deed ol T�ust and of at least equal value and udkty. Tiustor will comply wlth �
<br /> �.�.�.,
<br /> a0 p►esent end luture ordlnences,regu/efiona and requlrements ol any governmente!bod y whlch are eppllcable to the Tiusf Pmpe�t y , '�" ` '
<br /> , • and to the occupency and use thereol.If fhis Deed ol Trusf Is on a unU In a condom►mum or e planned unit development, r�usro��i�au �'" �'� _� __
<br /> • tr � Aorm all of Tiustor's oWl adons under lhe dec�araUons or covenants creaHng or goveming the condomiNum or the planned uni► .���";�`�=
<br /> ' . d velopment,the bylaws and regulatlons o!fhe candominlum or planned urrd development,and the constituent documents. �"--' _
<br /> � , �;.::_
<br /> 9. Mspecdon.Beneliciary a lts agents may. at a!J reasonable times,enter upon 7�e Tiust Properry lor the purpose ol inspecnon. 4 s;�;':;:' ',�;
<br /> ��,i' �' •� 6eneflciary shal!have no dury to make such inspectlon and shalr rat be hable fo Trustor a b any penon!n possession�I it+nakes�r `-�s--••-•� �
<br /> � �.
<br /> ;, . � -�• lails to make any such lnspectlon. `�'==
<br /> ..t, � , .�,�•�....._•. •.:,-� • .
<br /> � ��r ` •:.,�„w,t�!'�^ 10. Protecdon of Secunry.Il Trustor lalls to peAo►m artj ot the covar.an/s and agreemen►s contalned in th�s Dee�01 prust,ar il any acL•on �,t
<br /> ','i,Gi:�'�iY ' t.. „ p , .
<br /> �!; ..�rti7,; ;:.:�.". w a proceeding is c�mmsnced whlch does a may a!!v,.�se/y aNect the Trust P��aerry o►the interest of Tr�sto�or 6enelic�ary►he�eivr o�
<br /> ���'•��«%�`�• t�•.,•`4 +-�:'.-�• • the tlNe o/Tiustor lraret�,fhen Benelic�ary,at�!s opc�•�n,may peAorm such ca++venants and agreemer+rs.�^^ar�o such appearances, � ��K�;
<br /> ���f��''�!;f� 4.'r�����:':.!'.,�ti,, .: delend agalnst anC invesN ate such action or rcceedln and take such other attlon as Beneficiary deems necessary to protect its ` ,:��•.��,
<br /> 1��f,. f� t'}'4;l�.;,��+'''tl:,:,;�:� � `� 9 P 9 : . n,.,,
<br /> ,�,;',, . , ....,��-y:, /nterest lncluding,but not Nmited to.disbu�sement o/reasonable attomey fees and entry upon the Trust PropeAy to make repalrs.My ; . 1;:.•;,,�7��_-
<br /> = . . ,'�.'� .1� •'��4'�+rs•�%�t';..'' amounts dlsbursed tay Beneficiary pursuaet to lhls parag�aph 10,wifh lmeres�the�eon,shal!canstltute Indebtedness o/Tiustor "'� ��`f``:�.i'�
<br /> ..� �, ..,. '•�. .._..., .( —
<br /> ' ��"'. • secured by fhJs Deed dl Trust Unless Trusfor and 6enellclery agree to other te�.ms ol payment,such amn�nts sha/l be peyebfe upor :. �r.:
<br /> � ;.'�"�'•' � , �`�'•� noBce Irom Beneliciary fo Trustor requesting p�ym.snt thereo/,and shall beav inte�est lrom the aate of psbu�sement af 1he delault iate. ,�r.
<br /> ;�, � 7�. • , ' if any,set lorth in fhe Note,o►othe►wise at the highesJ rate pe►m►tted by Inw. Noth�ng contained�n this patsgraph shall require � a"'
<br /> ' � v.E � � � , Beneflciary to incur any expense or take any ac1lon hereunder.Trusror irrevccabP�authonzes and empowers BeneGdary to encer upon �_ __-T,__
<br /> ti_-, ''r•.y � � ,.` ,
<br /> ���•��'! '��x� the 7rusf Pro e as Tiustor's a ent and.!n Tiustor's name a of*e�w�se to pe�larm eny and all covenants and agreem8nts to be £' -�-:�=
<br /> ,, n, .:.• . . :" P ►N 9 '��� `�'�---
<br /> ��•:' ' .;r�; perfc�med by Trostor es hereln provided. Beneliciary shall,et its oAtron,be sub�agated ro any encumb�ance, flen,clalm or demand _f�
<br /> .;7,,:. ,, ..: . . �
<br /> , �, � w�,� snd to alJ dghfs and secunNes lor the paymenl fhereol paid or discharged Dy 8enelicJary under fne provlsions hereol nnd eny such .<<,'•�TM+ir::
<br /> ,' � . •� ��. � subrogation dghts shaJ/be edditional end cumulahve secunty lor this Deea of Trust. „� ' ;,;Y s`
<br /> ,' �i,�. {���� .,,,� - i f, Condemnation. The proceeds o/eny eward o�claim/or damagES,dlrect or consequer�f�al,in connectlon wdh any condemnatlon or
<br /> �� ,. ,..;:,..., o t h e r f a k i n g o/t h e T r u s t P r o p e r ry.o r a n y p a rt f h e r e o l,o r l o r c o n v e y a n c e i n N e u o l o r i n a n t i c i p a t i a n o l c o n d e m n a N O n,a►e h e r e b y I
<br /> . ;.� y���.+•_.� : �•.��� a s s l g n e d t o a n d s h a l l b e p a i d t c B on eFi ci a ry.Tr u s tor will fde and prosecute,!n good ferth and with due diN gence,its clarm for eny such
<br /> ewa�d or peyment,and will cause the same to be collected and pald to Benelicrery.and,should d fail to do so,Trustor irrevocably '
<br /> ��• • � ��. ,.. ���, euthodzes and empowers Bene/ic/ary,In thw nama nl Trus►or or nthe►w�sa.ro lde.prnsecu►a,settle or comFromise sny sach clalm and
<br /> F M collect,►eceipt lo►and►efeln the proceeds. If(he Trusf P�operty+s ebendoned by Trustor,or,after nohce by 8enehC►�ry ro Trustor �
<br /> thef the Condemnor oNers to make an award or settle a claim lor demages.Trustor lalls to respond to Beneliciary wifhin fhuty(30)doy8
<br /> . !? :� ', aRer fhe date such nohce is mailed,Benellclary is authorized fo collect and apply the proceeds m the mannar(ndicafed herem.ThR �
<br /> � �,.. • . . proceeds of any award o►claim may,alter deduchng all reasoneble costs and expenses,�ncluding ettorney lees,which may heve '
<br /> ,' been lncuned by Beneliciary in the collechon thereol,e1 the sole discrehon ol Benef�c�ary,be raleased to irusror,appl�ed to �
<br /> .�, • , restoreNon of�rust Pmperty.or appl�ed to the paymertt of the Indebfedness.Unless 8enel�ciary and Trusta othe►w�se agree�n wnhnQ.
<br /> , '�. � eny such applicat(on o/proceeds fo Indebfedness sha►1 not axtend or posfpone the due date o/fhe Noto a fhe peyment of eny .
<br /> � lnstallments called lor fhereunde►.
<br /> 12. T►ustor Nof Released.Exfension o/the hme lor peymenf or rnod!licallon ol any amort�tation ol the Indebtednoss granted by Benel�ciary
<br /> �.._ _- ' '�._r..__'__. ._ �__.._.._"'__"._._._�_._r r...........�...a....�.........�w�.....�n...... :...........n..nn• �ha/lnhd•h.n/Tnioln�and TnicMi'c curlYfRRf]fiC//t I
<br /> -�"--"�' ..�• ?"--'"- "" " " IV d11r 04{i40JJV1 IIInN01001 VI ��uJ�an u���ao����vruru�u w.v�����r��••u.�>..�r�...�..�..............�...
<br /> • IMerest.BeneNclary shal!not be requrred to commence proceed/ngs age�nst such successw or reluse fo extend��me lor payment or �
<br /> ,� ': ,; . ot�►e►wise modily amoMzaGon ol the Indebtedness by reason ol any demend mede by Trustor and Tiusfor's successors ,
<br /> ,�: � , ;. .;.•. :. In interest •
<br /> ;� ,.'�j�`;''{,,,r,'1,::",:,�; ,.7
<br /> � „•,;, ;.�, ,.;f.r,,;. ..;,: . :�.. 13. Fina►+cial Informatrcn.Upon request of Bene�ic�ar�,Trustor wtll provide to BeneNaary,within ninery(90)days of the close ol each hscal ;
<br /> .:•�..• :• ,:...4;;,:,:�.:•� `�a��•'`' ea�of 7rusto�,ihe consolidated ba'ance shaet and sratement of eamin s ol Trustor end an and all uarantors of the Indebtedness �,. , •
<br /> .;t,; .�:..:............� ,� ar, Y 9 Y 9
<br /> ,` r���• "���:� •�''���'� secuied hereb iJ an and wd: rov�de and delrver Jo 8enelraa such other IinanC�al infa�mation and In such manne�as Beneficiary �,..
<br />- �;:�. . •�., i. Y, � y, P rV
<br /> •`. i�':-,'�:.,..�: • ::. . , .
<br /> ,,,•,,vfr,,,: .,.,i'•�. , mey reasonabry requestlram time ro time. ,
<br /> - ,i; ;,i:;,t.�i;1�r':•;'�;i;�•:: ;� :,'+� 14. FinBncial Cover.ants.In addltlon to any other linencia!covenants of Trustc�made!n any other agreem�nG�nstrumenf or document,
<br /> �i;�, F i,; ; Trustor shell comply with and shall ceuse an�and all guarantors ol fhe Indebtedness secured he�eby fo comply wifh,o►be in �
<br /> . , � °w,1i�:�%;��j� '�� }. , ;
<br /> ;.<¢�: ��.;;{,;i;ti!.,;;.•�,�,�,t,���t1t compllance w(Ih,the lollowing/rnancial covenanfs�(7his parag�aph sha/f nof apply il covenants and�equnements a�e not set � t ' •
<br /> 's��' �i r�,�,�i�':-:;:`'i_,�4����.jt�'� ICRh hereln.) ':�:
<br /> '� ��'��'`�1'�?��`.�-'�:.`''�t���R`}�y t Schedule ol Leases. Wilhin ten f0)de s aNer demand, Tiustor shall�umish to 8enelicia a schedule,cerGlietl to b Trustor,settm
<br /> j i ,;. ,, i:�;.;ti;{'�.`�,}'!;t11:1;:?�k.r•.�:1; b• ( Y N Y 9 . ,
<br /> lorth aU/eases o/the T�ust Pioperty,or any portion thereot,includmg In each case.fhe name oI the tenanls o►occupents.a descnptron
<br /> � .� r �`ti�'�f, ','� � �� '", of the space occupied 6y such tenant or occupant, the�ente/payable for such space,and such orher�n►amabon and documenrs wnh �
<br /> ,��"•:� • •. � �espect to such leases and fenancies es Beneliciary may reasonably►equest.
<br /> ,. ,
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