|
....., .�
<br /> • i .
<br /> 11
<br /> I11 . .i���.
<br /> ! , ��n ������� �� �T�� .
<br /> , � . , -_ --
<br /> , . __-�.
<br /> � AT A1ISDIC20, pmvidc�4 tL'�nl Fuch�rcr��'f��l�nsp�rty ie rc�dnccd wfth i�thcr per�annl pr��perty nt lcn�t c���eid m vnluu tu thu , s
<br /> j mplc�ceil �rsonal Rm�riy. ftCa fri�m nny titlo n:tentiun diwtcu. Fecurlty c+�rc�tncnt nr ott�ur crtcanihranc:u. 5�nch � '�...
<br /> � rcpl¢eomflnt af yscm.onsl pm�sariy will ha derntrtl subJecl M thu3��Ti►t,wriucn Sa r�:c�nt�Bers�tci�y�c�r B�nefici ry'N��i��hntw . �"'"`-
<br /> ' � QOt pBIS�t�OA M 6it�1dlV�llO tEtO WPApBTty �V11Ili►Ut {�MtLflciQY}I' p -
<br /> ia.^p�cti n�nf�the�pmrh�-•.riy flhnll th.�cntin.ly fbr Acneflc nry'K h»ulit�i►nd�rTr�trr�w�ill io no�P ny rllly�n n Hcrt�cinry'y . . ,. :'�-
<br /> � iaspection. . �',��°
<br /> � 13.AUR'HORiTY'I'O�'GRh'OH3M. If Tn�tar fiiils ta perform nny af Trustnr�N 1IUIIt'9 UII�IOf IIIIR DCC�nf�TNyI.or i�ny��ther . �
<br /> < mort�aga. dar:d of trust,secudty agceement ar oiher Iten docurotent thnt has pdarity o�er thia peed of ?rust,Heneficiary , ,��.,
<br /> �y.�r�lthout aatico.�Serforn►tt►a dutias or cnu.�them to he parfomte+l. T►uqa�r appointa gene6ciary a4 attornoy in f:�ct to , . ,
<br /> � sl�n Tnutor's nanaa or pay cu►y amouat aecas.sary for performaitce. If nny ciinstrucUan an the Proparty ie aiscontinued or 'I' -
<br /> i �m the pr gartyr.74iis mny incluclme o�oOiuF+letia8 tho con5tuctionhatover ia necesst►ry tn pn�tect Benoficiury'a Recurity inten:.et --
<br /> s � . �
<br /> geaeficiuryr•s�iBbt to perform for Trustor shall nat cnate nn obliguHon to perform. end Q�oaeflainry's fnilutd to pel�furm I , Ri,�:_!__
<br /> will noi pt�eclads Benaficiary ftom exercisia8�n9 of flstteficit�ry'e other dgdts under tda Inw or this Doed af Tn�st. Any I ___�,�^�
<br /> nmounts paid by Beneficiary for insuring. pneseiviM os oihenuise prntocHn� the Prapa and Bo�eficiary's �udry " '�5�...�
<br /> � ,,,,-. .
<br /> interest wIU be dae aa damand aad wiA bear i�tem�t fr°m We dute of the paydcent until pai in full at tha intettist mta in �h.T r
<br /> �eliE_;-�_
<br /> effect from time w ti�a accordin8 to ttte tcm�s of the Evldence of Uebt. ' - _ •—�
<br /> .� 14.ASSQGI+iMEP1'I'OF L�A$ES�ItEI�.Tn�tor imevucubly grnnts,convsys acul reslls a9 addttional�e�urity u1{the ... ,. - - -
<br /> � dght.tltle and intemst ta aad to any�nd all: ���d na o4h�r wrltten or verbnl agreem�ntA for the use artd �' -- --
<br /> A. fi x i s t i n g a r ff i�3�r a l e a r z s.subleusas.licensn�.8�n ��ions, re n a w u l s. m o d i fl c a d o n s o r�b s t i¢u t i a nv of i "�,�'�:
<br /> � . occupaacy�f ainypu rtion of the Propextnj. including uny , _
<br /> such agrerzArn2.v l n U refeired t�es"Leuse�"). � slte,minimum reut. - ---- _
<br /> ' Bs. b3ents�issv^e�a�+l profits(�ill referzed to ns'Rents ).lucludlnII but aot limited to�A� ��°al es�e t�es. other
<br /> �vrcentage reat,nddltlmaesif reat. cammon tsrea �ates�ance char8�• P�DS „ -_
<br /> s�pplicable taxes,iasur�nce ipz�mium canuibutions,taquidated dama&$s foUowlug dafault.CaI1CCII8flOD j1204�'�1S�1SLS.
<br /> . •loss of rento" insurancs.reveaues.ro�ya�9Sies,Procee�s.boauses.and oll�ishta ead �art�of�i�e Propeaty�.y�ve . ''.�; � .,`
<br /> �t ln eay wt�y pertrsiag to or ta oa sccaamt of the use or occupaacy of tha whole y p ;'�t � ,.� �,.
<br /> _
<br /> ----- �� Tn�stor wlli P��►PUY Provlde Beneficinry with trus and co�ct capie.g of nll anlstta� end fut�ue 3..za5es.Tnutor mny � M .�;� ,.
<br /> - -
<br /> cotlest.¢eceive.onJoy aad use me kenra so iong o�T�s ts aa!3a s��.asll.T•_±�+r will not callect i�ndvaaco aay ente ---
<br /> duo in future lease pertods.ualess Trustor fu�st abieias Beaeficlloythe R ts wtt6 any o�w�t�a��ta�y�o�wl�ited �:� ,
<br /> • nny Ite�nta ln huFt for Beneficiary an�Tmstor runll aot comming �,',.: •
<br /> hu t
<br /> shsll he a3►plied a4�eaoflciery's discm.tion to�pa�ments on tha Secured Debt as therein provided+tc►coa�p of maoaH�nB��
<br /> pca�erty. Iactading. �ut not limit�d W. cilll tuTC�s, assessmeats,insura�acv Premiums�tepsiP��fe�as�aut ca9ts. ���
<br /> nBe�ts,atad to eny uther aec�sury related ax enses iaclud'aqg Benefici 's uttoraeys•fees� as ;"� ''
<br /> d
<br /> Tcuswr uckaowledBes that this c�s,.i�mment is pe�t'�cted a��o�n tho recordinB of this Deocl of Tnest ua+cl that Bena�cn�r ia ' .s .
<br /> anticied to notlfy any of Tcustor's tennats to rtmeke paYment of reata due ur to tsewme due w Beuaflciary. Hcssua�rer. �j: �.
<br /> Be»eficiary e8rees t�s+t only on dofault we�B �enoflctnry norit�he a°�r and T�n�storT��e�tnwlll o� and dellr to �,.;r.. .,, .�:�.:
<br /> wl
<br /> ' tLture Rents bs paid di�ecdy to �3snoncic�ry. ma reieivinII , , •.���'
<br /> Benaficiary uny payasenta of R�1si dc►Tnistor's possessioa�. ;�.«�
<br /> . ' ,• 'Trustor covenants tl�t ao default a�tists under t�e I.ease.v or nny npplicable laadl Ucn`b�la��Trus�tor v�vlll pro�mpu�AS� �� �w
<br /> to msiatain�nnd w require tha tenaata to camply wlth. tlie L�eases nnd any aPP ,,. ,- -
<br /> ,;� Be�Rcinry of any ao�ompliaace. If Tn�stor neglects nr�i'uses to enforce compliunce wtth We Wra�of tlte I..eases.thea �,�,:�,�,:_
<br /> fi ary'c optlon, en'�'�arce co�aPltunco. T�ustor �vlll obtain Beaoficiary's avriKcsn authotiz�don ���..:
<br /> „�� Beneficinry m.ay. at Bene ci
<br /> ' hagore Tmstor conseuts to subl�t. aaalifj►.cancel. or oila�awise A1ter the Lesses� to sccePt Wa sw�+ander of t�e�'roperty .
<br /> co�u�r.ed by such Leases(unless tbe I�euses so reqWre). m:r f�' BeaBefiCinry for auy�an�al�bill�ty�. l�od a�S� ., N__„ -
<br /> . Renta. TeusWr���Ill hold Bene�icaary hnrmless an,d tndemn9sy _..fry_� -�--_
<br /> Beneficlary mity incw es a con�equeace af the asslgnmeat under this section. � � • �°r��
<br /> iacluda�a a uait iz� .s condomiinlwn or a �•"-;.��
<br /> 1�.COIV�aMfII�II[J1M59 P�ANN�JA 'IJNIT �1�YELOPMEN'I'S. If the PropertY -,:;,.:.�--;-
<br /> • p��u�d unit d�reto�sn�at,'�'ri��or will perform aU of Tn�stor's duties under tho coveaunts�by-laws. a roi,tulcstiaus of tho , ; ��:.. F_
<br /> an�ominiumorplanned unit ileveIopms�. . �;i;..� ,��"
<br /> lb.DEFAUL'�'.Tn�stor wUl be in defitWt if ony of the following a�ccur: . .._ .�:;;
<br /> A. AnY Pa�Y��ligated oa We Secured ID�e'ht fuils w moke pay�cent whett due; . '..�4;--�-
<br /> B. A breach of eny tam►or covenant in tWs Deod oF T'tust.auy pdor tt�ortgu�s or any coa�mi�ctioa lotw agresment.
<br /> secu�ity nIIreemea.t or aay oYh�r docuaaent evld�Wotun�.Bvtuant9ifl8�securt1►8 or othonvlse�+elaNn,g to the Secut+ad •
<br /> • Debt; of nn vez�al or wriuen represeataUoa.Rtntament or•wncrnnt3►to BeneReiuy thai 9a fe+lso ;�r:�� ;�+
<br /> ., C. 'Ihe mnkin8 or fiarnisl�ing y Q b lfnustor or aa rsoa op�ntity obligutod on the S9cure�Dobt; ! , � " �
<br /> or inconret sa eny matednl c�espec N Y 1� , �:•`
<br /> D. '1]►e deat�,dissoluNon.eppoint�e�•2 ag� reooiver for�or appliratiaa oY aay dobtor relief Il�ny to.Teustor or any ,, � ,,;,
<br /> � � person or entity obllanted oa thn Securod Dabt: rson or enNt - � ��`'
<br /> B. A good faitb beLiof by Be�ftciary at any ttm� that Benea�°ry is im �m¢ha P�'ttY ia i�ized� y .
<br /> �`:��� ' obligawd on the Secured 1?ebt or that the prospcct af aaY P Y P .
<br /> .`� ' F. A ms+ter6nl ndvenso chaago in Tntstar's business includla�ownoeehip� maaagement,en�i fi�►ncid coadidomv�which
<br /> �:` .- - -.._.-.'� Beae$CiA:7+!Xq�tt3�AftliOA bE1l9V@91ST�¢BIIfI t110 V[i�ito oi Gi'v trr.;�.;�or r�;�Qf!�p co,�b�,ned Y?ebt: or • "`
<br /> _,�_�� ___.�.�e«,o�..�,..fbiohlv�erodiBle lansl or to the f -- — -_-'-- _
<br /> ,, ..---_. . . - - �-, - ..
<br /> � (3. Any loan proa�ein arv us�d for n p�s�r,Ju►ea mei v�nu�nir�.�w«•ax.,.�...._...._.�__-Q-. _ = .,_ _
<br /> comerston af wctlnrtd�w pral+u�nn nDdaulturul cummodity.us fi►cthor e�cPleiAed in 7 C.F.R.Pte�t 1940.Suhpart
<br /> � Ci.Bxb{l+it!M. .,
<br /> 17.d�I1�DI�S ON DL��AUE.T.Ia saramss inxturtcas,f�mi ntut c�tc►to Isw wUl rcquire 8onoflciery to provide Tn�tor with ,,
<br /> nntioe nf tho dBht W cura, aa�diati�m notic�.�or oth�r notic�s nnJ tuny es4abliRh tinto sch�stules far for�ctosuro acNons. „ :.:t
<br /> � � Subject to theso limitations, if nny� Bcr�uficiury mny accel�rsev thu Sc+curod Qabi nmi foeoolnse ttiis Ddod of Tnast in n
<br /> manncr pmvidcd�y low H tldu Trustor ie in dofnul�. -
<br /> ., r,
<br /> ... � � ' "
<br /> _ ' ' , v papo 9 0l Q
<br /> v 10U9 Oa�ta�6raana,�na.6t.Gad.Mp�1�p00�90T•]34ti Fam AOiCO UT�NE t0iS0l0t ` � ° �
<br /> #,
<br /> . I �_ - — --- -------
<br />
|