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<br /> �r oi►soleia. prc�vfdu!that �uch p�vsan:+l pro}s.ri iA rcplaccd wtth alhvr personal property at least eyual i�� vnluo to tho �� ,� _
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<br /> ���Q� ��onal prop��y� frca feotn any tit a rctentian dovice, security a�rcomunt or other oacurt►hrunco. Such �i
<br /> ecpleccra�n=of Esc�son�l prapoety�'�ilt tso dcems�t m►bJr�t tu tho cccudry intarest crc�utcd by this Dc�d af Trust.Trustar shnll ^
<br /> aet paitiNon ar subdivide tko !'ro��rty w[thnut Dor�aftcituy'e pdov wdtten conecnt. Bonaflcinry ap Qoaeficiory'e nIIonte .
<br /> � mny. st DeneRci 'R option.enter tho Pro}�erty nt nny �ca.wanablo►irrtm far tho pu�rosa af inspectioB tho Propa�4y. Any , �
<br /> � InspacHon�f tioo�arty shall ha cntimly fiir Bcnaflciary'R banofit unJ Trustnr will in na way.aely on �enoflci�ry'a
<br /> j��on. �...,
<br /> i3.A`IT%ORI�TX'1'0�1:��OYZM1•If Tnpsior fai1R to perfottn any of Tntstor's duties urtdor thle Dee�of Trust.or any ather � . , .
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<br /> tnflrtgage�deed of t�t� szct►elry agreememt or othaY Iton docuatsat that has pdority aver thla Deed of Trust. �etteflciary „ _
<br /> �y�wltkout ttotico.pcsrfotan the dudes ar cauea thom to ha petformed.Tnxatoc nppainte�enoficiary as attaruey in fact to � �
<br /> ei�n Tnutor's�rw�t4 or pay any aatount rtocesstuy for pedo whatevep ie necessary to'p tecc�Hea 8ci ry�e aec�uicy fate,resc � � °_
<br /> aat carrict! on 3n n reasonable maauer.Ben�flciery m�y
<br /> In tha Pro�+rty. 'R►is maY inciuda comploriet�the consmcctioa. , -
<br /> �onafioinry'e ej8ht to gcrform for Trustor shall nai creute an oblipatioa to parform, c►m1 Beaefialary's fa6luro to perform ,',,:A�=-
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<br /> . wIll eot precludo Bena&ciary feom eaerciaing eny of Heneflcinry'o other rights uadar tka law ot thie Be�l of Trust. Any 1_ _____, `_—
<br /> amounts p�id by BeaeBciary for insurin�t. PiusBr►jufj or athanviso pmt�stia� tha Prapeet}+ and �anaflciary'a sacuriry
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<br /> interest will be duo on damand on�i wfU bear intarest fmm tha duco of the p�yacsnt unNl paid in fuli at the iaterest rnw in �f- ,fu,edr�—
<br /> � effect from data to Hrae axording ta the toYrns of the fivideACe of Qc�t. � �';'-�
<br /> � 14.ASSICrl�lv7'OT E.�ASES AND RLNTS.Tiustor ir�vocably Brsnts, conveys nnd se1Qs as additionat secudiy all che ,,+. _
<br /> r��ht.dt10 aad interest in aw14o any aad sll: ��d� other wrttten or verbul ugresment�fnr the use cwd =
<br /> A. $xistfa�g ar fuwra leases,sublesces. Ucenses.IIumm� Y =- ---.--_
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<br /> ooaupuncy of any portion af tiie Piogecty. ia.cludiag nny extenstons�renewnls, ntodtficzdan9 or substitutians of --
<br /> � sucb ag�m�n.ts(nll refemed to aa"Leases')•
<br /> g, ltents,issues��rofits(all�efemP.d to as"Rents").includlnp but aat l�mited to secudty d�sI�W,�qmi�m�o�et ' �'
<br /> ,.' ' pescanUa e resrt, c�tditional rent� com�noa araa maintenance charges� �!t �h�8�• . �---
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<br /> g •: appllcab�e taxes. insurnnce pn�mium coatrtbutioas�liquidated damu8es ollawing default,cancellahrcn premiurnv, ,.. ',a��
<br /> 'lo�of rents"iasurance�revenues.royalfles.Pi:�cc+e�Es�bonuses�s�d all dghts acxi ctuims which Tnr�lar may l�va „ _.__
<br /> .� , that in any way pertains to or is oa sccount of We use or occupaaay of the whole or aay ps�t of Use Propecty. :
<br /> ' � ` Trustor will pYOmptly pmvtde Beneficiary wlth teue and correct copies�of T.l..e��nr w�lU a�at r.�ol�in�edv��anco at►y Ite�n� ': '"
<br /> - ` '.--.., collect�receive�e�1oy and use iha Rauis so tv�g as Tn�ot 3o a:ss!u��-• --- -' - - -
<br /> ;� due ia future lease perlc�da.�wless Trustor 5rst ohtuins Beneflatary's writton consant. Upon default.7'mstor will receivo - •
<br /> `, ;: aay Rente!n bntst for Beaaflciary and Tmstor wlll not commin�le the Rents wltb aay other funds. Any ea�ua�e�ue��
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<br /> sholl ba applied at Beneficiary's dlocYC4ioa ro paym9nta on the S�ursd Debt as Warein provlded,to costs of mina�ing tha ;;+�,��:
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<br /> proy�erty. iacludtng. bv.t aot limitad eo�dl texes. nssessments. ia�mnce pmmiums. rBPairs� ead commissions to resstxl
<br /> , agenta,an�d to any oYit�aa�c�ssorY telated eapenses iacludin8 Beaefiaituy'a attommoys' fees.PamlaIIaD fees an�oourt costa. �K�;,�:. .�, ;�:
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<br /> Ttustor acicnowl�ges tDu+t Wis asslgnment ie perfested upon tha eecordiq8 of�tbts Daed of Tntst and tha8 lBenaBciary is ����;" .'ti
<br /> `��`'' etttitloil�,cltYify any of Tcuator's tenants to mr�ite payraeut of renta due or to bacoate due to Benaficiary. I�iowavar. ,r'►�.r< t�,.
<br /> � �r Be�Rcir�uy a$ra�s tWa3 oWy on default will Beaeficiary notify Trastar aaci Tn�stor's tenants and mA3ce dam�nd d�3+� __.
<br /> ftiture Rente �re paid d�tly to Beneficinry. Qn receiviag the notico of defsult. '1'ruscar wiU andorsa a�i d�liver to =4
<br /> Beavficiary nay paymen'te o�Rent in Trustor s possessioa. � ; ���_
<br /> Tn�ator es�venants that no default exis4s un�or the Lreases or any epplicsble landlo�d lew.Ttustor alsv covenaats and agroes •"'.
<br /> ',� to tmaintc�in.and to t�equira the tenu�ts ta comply with.tha Ixuse.g and nny op�licable law.Tiustor wUl promptly aotify �;.��.,_
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<br /> BeaeRciary oE nny noucomplinnce.Ig Truatar aoglecto ar refi�sns to enforco compltance with tha Wrms of tha Leases. thon �`"�:�it;,;�
<br /> ( ., . , BenoRciaay may, ci3 Beneflaie�Y's option, enfosee complia�e. Tntstor will o6tein Beasfiaiary's wrtuen autQtorir�don .:�,.;'��,,._—.,.�...�.,,,
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<br /> ...,.�, , bafore T=usEoY co�aat�to sublet� modify.conco9.ar oWaswisa�Iter We Le�,�s,to ac�ept tho surronder of tho PBnS► �:., ,
<br /> ''�:l,:,,.,�t' covered by such 3a�sos(unless the Leases so cerNi•re)� or to assiga.comprozuei�o or encumber the I�oases or any future .'y,!,��y. -=--_,
<br /> f,.'�� Reats.Tavstor w�tl hald Henoficinry hnra�►tess i+ad Iademn�fY Beneflcisry for nny and all UabWty, loss or damage that . _�`�:.;";�,�-=��1`t�`-
<br /> . gaaeRciaty may inew as a comseqaease of the essign�►ent uadea¢finR srxtion. '""�'.a.�- j�fry,.;�"°_
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<br /> , . � , includas a unit im a wnilaminium at a '''r?.�'�....
<br /> !3.C�IVBmr�I1�RJMSi i�I,AMV�D 1JPiIT DEVCLOPMElV7'S. If tlie Proparty -- -
<br /> . . planaed eeait developmeat,Tmst�r v�►ill perform m!1 of Tntstor's dutic.g uadet tho cov�aante.byhs�vs.ar reBulnflons of the M1�:_*.A�, �.::�:i
<br /> � wndominiva�or pfenned unit davelepment. . .•:.:.:� ;:, �
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<br /> . �. ;',`l'` or will ba in default lf any of thu ioAowing occur. `•;'��`;�'~'
<br /> 16.13EFAULT.Tmst •f r�y;L.,'�,�
<br /> . ;;,i'� A. Any paRy obligated oa the Secured Debt fails to maka puymeut when due; .•'` ,.,,�`,�::;r:°.
<br /> •:., . . 8. A breuch af any tema or ouvenaut i»thio DEed of 1 ntst.eny pdor mortgage or ttny construction lonn aBreenaont. y,,f�:;<i,:.,... .. ,....
<br /> securlty a�amant or nny other docwmnt evldeuciug� B�usmntyiW3.eeowing or othorwlso relatic�,to tho Sscurod ,. �r,'�;�t�`.;' : .
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<br /> . ,;,� C. �fie rnakir�,p or fi�mishing of any verbal or wriKc+n repre�ntation. stntomont or warmntY to Bmnofleictry tbat ia fnlse . ,,: ..�
<br /> ar�8aaamjct in an y material respoct by Tnrstor or aqy�se:n3o�►or entiry abltgated oa tlta Securod Dobi: .
<br /> �, �,,. 1p. '�►�iQeaW� dissolutioa, aPpaiat�ent of a r e c e ivee for. or ApQ l icn t io n o f a n y d e b t o r r e l i o f I n w t o. 1 Y u�t o s o r uv g , .
<br /> �son or endty ublinatad on tbe Ssc�rc+d Debt; , .
<br /> �. A faith f�eliof by Seneflcinry nt any��thnt BenaRciary ia insecuc�u wltb[ospect W iagni,Y Pa��or eNity ..' . , , , ' , , ,
<br /> m��sd on the Secured Debt or thut tho pinspoct of e►ny payr�tent is im�Q n o�r n��ft�c i c l c�o n d iti ons� which ° '� � �
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<br /> _' F. /a msteiinl adverso chenao in Trustor's bus ieess inc l u d i n g o w n e r s h i p, ,,
<br /> _ :.;.'�7 18eneflei�ty m its opiruon oc i iov�s i��i�a L�.r�s:Q f�!'*n�*�y ar r e p nyment of e,�v 3eeuced Debt;ur
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<br /> _ - - - - - .... ---.1�...._...M....ot�s nrndnn nf hiuhlV nt0[II�IO IflIIRI Q!�0{Z!9 �---- ��<< - .
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<br /> 1 Q. rf1�y�i�l&1�t1IQGeP.d.4 Bi0 US�II TOI n pllI(7050 mIIi Wlit Ni7tuas�w�v vw...w...-�—_-"-v . _..----------"-"•r-'.-. -
<br /> � cumersiou of weuends to prod¢ce nn a�ricultutal camrnosiity.as futlb�er ex�laut$d in y C.F.R.Furt 1940.Subpad ;:.. , .
<br /> p,Baltibit M. „ „
<br /> 19.�14�ED�OW DEFAULT. In coma insYnncea�fedoral nnd state law willtcqut►v Bonefleiary to provido Teustor with .
<br /> nolico of tlio dIIht to cure� azediation rnodces or other notices nnd a�ay est�blish tima eche�ules for foe+oclosuro actions.
<br /> Subjat to titie�ro IimiWdoas. if my, Bcnofictery may uccclerato the Sr,cured Qcbt au� fo�clnse thie 1?ead of Tn�st in a
<br /> mmacr provfdal by low it t6is Trustor io in dofnnit.
<br /> papo sol 8 � ,
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<br /> otOD70�r8a�GY�ums.�eo..Gt.C�cu9.4tN11•600-tOT•9�Ot1�nmA61C0-UT�Nt t0130lO1 • .
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