|
s_...��. �r '► fi' . �1� ���'d'r ^'nT �f yh '.. . � .-, , . � , �5;, L
<br /> • � ' �7 } iw`n �•�r � r �;Y �, .�� t�� :f - . y _.
<br /> } � � 1 � � �'•� ''il� �� � t�j - � .
<br /> ki fi+:
<br /> t� (�� _+ L}y. � � '� /:
<br /> .� ; ' .. . "' , .
<br /> � ,Y.,a�?' --
<br /> • �'i:�'.';�'� i� Mwrsr�w pronWNna�p+o+wM rsrrts,er�d�11 othe�cNa►Oas w/�atsov+rw t�vled MPan a assarsed W+c�ed a m�de aQsir�sf tlw Trusr
<br /> "'��`f�iti�`'.. -s . . !w
<br /> ' Pm�vry.T►eu�a.G.a�w a�roes,upon w�+rra►++equest dy ea►ioRdar�.t�a�ore'p�i►d�w►a e«ie�c1�►r+�Y r.corp�s Ib�►1n.payRwM a
<br /> , �
<br /> -,.-�y'• "� _• : 811CiJ cMrge�a Tiucto►Wtowls�apross fo payW laxea.�889SSmW7b911IJdWIW Ch#rQoB bMkd 1,p0►+G►ais�s�d,pliCYd 0r RNrI�
<br /> s. ' � � ee�fnst�amses�wed by.nre oeeda rn�sran�e►�eob.eon nw.oc �----
<br /> - —"��.r.��, .. . I y��Wcatlon of Pa�.AN payma�ls recetu�d bY BeneRd+W+�s to r�nY Bobt tl�y a oWipatlon owed ro BeneAclarry by Ti�ato� - ----
<br /> ,. . ;'-:``.' � m�y b��p�d by Ben�f�o!ary�o ths paym�+f o/d�e IndoWednsss a ro any aucA odwr debt.aablllry a obllpaua���n sny ader a —_-
<br /> . , - Q� or
<br /> . . �„i'`•'; �`". manner ot RpipNcatlon w�hlch B a wRol�uY�/n!fa obsa�luts dlacreGon.dse+ns+rppoPi►+te.Unlesa oths+wla�et�ofed by BawRclary.anY _�.
<br /> . .,.",.w�� such payment ah�be da�r►�d+yopWd pr�t b tfw pa y m e r n o/Any dsW�NaW 1 A�+a obli pefbn WMr fhan dN Note. ..:,
<br /> - 11.. .lL,.
<br />_ _ � �, !� ClwQ��;Ll�rrt. 7ruslo►w►Yl ksrp tM TiuQt Prnpny hee lrom aU Wnt and encw►►bruicas whlch In ar►y way m�y,!n the judpment ol ��'�`�`-``
<br /> " - �...,,. ..:. :,,. Bansfkl�ry,fMV�a P�N oae►.a Impav the ascurity M.a�n a+d a r►us r a.r r����r r�a,�o r a r s t r r a��r sucn rre�so ro►,o as �-:__
<br /> - -!---- --:-;:,:. Tiust�a sfwll ayreo,lr►wriW+p,fo pay Nw obApatlon securod by such fion tn o ma»nor ecceptsbto to BeneNclery end ahell in Qood/atth ��_ _r.
<br /> � ••:�� . :••��� � conhsl auch Wn DY aPP^�P�NDaI procsrcWpa Nhctlw to pnwnf tl�wMbrc�nt ot fM Wn and p»bfa o!�ny 1rK�nui In a _
<br /> "'�:�:{,,�'. � `'�` � p�rt W fhe TieiSf Prop�►ry. _
<br /> ,�• ���:..`� �` • .,�. .-,��' 1. J�ard In�wanc�.Tiustor al�N IrNp fhe buNWnps�nd otMr Improuw�►Nnb now�xrttinp a h�r�alfa�achd on fh�Tiust PropNly •
<br /> `-�:' ' R '� lnrund py Ir�urana c�rNat tadtl�ctary ro B�rwllclary�pvnu bas Dy fin, hu�rdt(ncNxi�d In tIN tNn►"�xtrndM cownQ�..and �Y�-
<br /> �" �• � �'i� ,:• '�• such otMr ha=�rdi,caw��and conan�nci�a at nM y 0�nqu(nd by B�nrNcNry.In wch�mnunta n+d lor aucA prlodr a may b�
<br /> ��.�, : ��,}� , x^
<br /> n9uk�d OY B�rwlklary.7M poNcy a/niw�nc�shall be!n b►m acc.prabl�ro Bane►kr�ryr.prov�fhat rhe aamo may not bs �;h•,�,a�,:
<br /> . -• .:��.o•.�.. �:,,z.-�
<br /> -���' ` �� c�ncN�d a modlUod wltlwut bh�+►!1b)days p+lo►w+iften nodca ro 8ene1lcl�y, ar►d ahdt havs bs�payab►e provlak�ns In levor o/And
<br /> In brm ace�ptrbN fo B�n�lkiary.AN pNeuums on(nsurance poNCles shW b�patd in 1!w m�nne+p►ovld�d under pe►ep►eph�hereol ::�_'_�..
<br /> -�,� L y r, '• a,If notp�frt auch m�n►Nr,by Tivator maklnp pAyment af/easf hlteen(f6)d�ys p►io►to the duo date,dlrecNy ro the lnsurence ,����*^��
<br /> �•-` �' c�nfsr.B�ns�c/ary shall haw tha riphf ro hold Me poucles�nd renswals thanol and Tiusror shall pranptly/umish to Benellciery e11 �__�-
<br /> �.'•
<br />��f,.::�° '�;l:tr;���;,*.:."� �wal notices�nd wu p�ld prwNwn nc�lpts recefved by It.fn no event sheU Benellclary or Tiustee be held reaponslble/a lellure to ��_-.
<br /> ,. ; . ,. ;•.•;��;,:.
<br /> _ , ;. pay lnsw�r�ce preiNums a la eny losa a demapa adsing out af a delecf in any pollcy a srising out ol eny lellure o/any lnau►ance - •��W
<br />. �� � �..��;. comp�ny to pay Ibr any bss a dl�maye lnsured aQainst a fa/ailu�e by Tiustar to oKect the lnsurance requl�ed hereunder.In IAe evaM '.�.°-:
<br /> �r. . • � 01 foss,Tiustor�l►rl pNe prompt nodGe by mell to the Insurance canler end Bw�eflcfary.Banolklary may meke proo!d bss if not `_�'•��:
<br />. .,._- �m_�.���.: - ma de p�omp t l y or Ni p►oper lorm by Tiva tor.A p p o t lc i es o l l r uu r a n c e a rt d an y end alt rehnds d e�neamed/x a n�r n s+►r M►oDl' �.-----
<br /> _ _._ - ---`�. asaigned ro elene�c►ary as ado►aonal secumy ior the payment of fhe lnde4lndness.ln the ovent oi 6ene6ciary's danrWsa of tlw�wur �;'.w.:=-
<br /> : ol8ele ca►tdned herein,a!n fhe evenl ol laecbsure,all dghf,dde and lnterest d irrrsb�►fn and M any i►+su►ance PaicY Men i►►Aa� ■�,.;-_
<br /> . I •' '••,.� shall pass to tha purchaser et the hustee's safe a loreclosure sale.In case d �ass.U�e insuraxe eeds ma .at the opfbn d _�_
<br /> � Qene/kluy►,be applied Dy Beneliclery upon the Inde6tedness,a any part�l,a►+d in such order e�amoua2 a,Ys Bene6ciary may F��
<br /> � • � �"� detem�fne;a sa/d Usurance proceeds,af the opdon of BeneNclary,may eiVwr be used In repfacln p o�restairsg t�re Tiust Pnqparty �����'
<br /> ' pardedy or btally deshoyed to a condit/on saNs/actory to Beneflc►ery;or serd inswance proceeds,a a partia,n rr,�oeof,ma be �s�""v"'
<br /> ►►Y Y �;3:'-T::;
<br /> - ! ' ���; '�a ralaased to Tiusto►.Unless BeneHciary and Tiusta otherwlse agroe la wri0ng,wry such appNcaUon ol lnswax�,�*�aceeds s�arr aot ,._:,,1:.;y:`
<br />��:,;;,;:' � ; : i 4 e�tend a postpone the due date ol d�e Note,or any Insfellmenls caued br tPr�ran.a chenge 1he amount ol suePr��+s'¢lJmenis.!7 the ���;:_.��
<br /> � .. . Trust Propertyls acquired by Beneliclary pwseiant�o the exerclse o�the porre►o/sa►e a other lorec/osure.ell ma�lht,irtle sndlnte�est o/ : ,.g, ..
<br /> � � .. Trustor 1n and to any Insurance p�oceeds payabla as a result of darr+aqv tb EM Tsust Property prla to tAe safe oc�a�aulsltlon shell pass �
<br /> � ,: ���:�� ¢o Benelklary end shall be appNad llrsf to the casts aad expenses.incluQir►g aM�arrreyr Nes.lncuned�n co!lecc�;a s��ch proceeds,then ;..;•,.°_;
<br /> , ��.. , �"�'�" ' ,y. In fhe manner end in the order provlded hereln. ��t
<br /> •- •3` � �' � 8. Pressrvadvn snd Alsintensnce o!Trust Pr_^�ta!�y.7'fitsior w!!1 ke9p the bull�ln�.v wnd�?hwln�p�rt�nts e+pu or herealtei e►ected on �j•;-
<br /> � ';,�,f� . , tlre Tiust Property In good iepalr a�condition and w1U not commlt a permit wast6,w18 not aRer Po+e�design or structural chaiaCter -;-,•''
<br /> consdlutlng eny buifd/nq now a her aller e�ected on and consdtuting the Tiust Prope�ty without Ihe pna�wntter+consent of �.•�,;;;-;
<br /> Benelklary,wql not do any act or thing whlch would unduly/mpelr a depreclete the value ol the Tiust Properry And wlll not abandon �""�r�
<br /> �•' the Tiusf Properry.Tiustor will not rem ve any lixtures consdWO�ng fhe Tiust Prope�ty unless the same are lmmed�ately repleced witli '''
<br /> ,..._
<br /> . �; • . •, ,.,..r,.:,
<br /> `"" '"�`'�`''�` . /!ke ro sub f to/he Ilen and s wity Interest ol ihis Deed o!7rusf and d af/east equal value end uNllty. Trustor wlll comply rdtlr u ,•
<br /> '.f�,r.., :Ki;:s��:.a„ _• "�'i- P PeKY � � �\,�.
<br />�t:i';� ..� �,�.t�•,ct rt�. ,. � ;i. �B presenf and lufuro adl»arrsoa,ragul�tfans and mqulraments of any govorrurrontal body which are epplicable to!ho Trust Proporty i�
<br />� ,;; ;';��,+��E f_ •" and to fhe occupancy and use Ihereal.11 thls Deed ol Trusf is on a unit!n a condominlum or e pfanned uMt davelopment Tiustor shaN �
<br /> p�`�` �,;���t{�,�r: � �. ;,� perlam ell o�Trusfa's obdgatlons under the declaraflons o►covenan►s creadng oi govemin�Ihe condominlum or fhe p/enned unlf �
<br /> ` ;;1''..�.�., .,
<br /> �. ..;: d e v e l o p m e n t,th e b y l a w s and re gulatlons o►1he condominium or planned unit deveb pment,and the constltuent documenls. `�.
<br /> yti;., ,:
<br /> .; � i.i�•••:;,..;� . �r:-�:! ' �
<br /> •rr�:��: �tl�• • • : r••• 9. lnspecdon. BeneHclary or its agenfs may,af all reasonable Nmes,enter upon Ihe Truat Pioperry lo►the pwpose of inspectlon. �
<br /> �: •,:`���;�t���,�',:;�7�rE.�+ Renellclary shall heve no dury/o make auch lnspecNon and shall not be llablo ro Tiusta or to any person In poasession!/it makes a ' �? �,..:
<br /> : '��;!Q,.�`,r; +� t,`f lallstomakeanysuchlnspectlon. �"'':;�.�'�
<br /> ��� J i;:i:.+�•'
<br /> ;� �; .•�;�`�Sf,'� ` ���;�i::��� 10. Protectlon ol Secunfy.lf Tiustor lells to pedorm sny pl fhe covenants and agieaments contained/n thls Osed ol Tiust,or 1►any acUon , �`;.
<br /> ' � +��?}j;:,�.�,��i :'�"��'�, or proceeding/s commenced whlch does or may adversely aNect fhe Tiust Properry or fhe interest ol Tiustor or Beneficlary thereln a ������ -
<br /> � ! n•. 7�i'.tG�r.
<br /> ' �J�Y+:�1;�fiY,l.�f'�j��;',+�,, the UNe of Tiusfo�fhere�o,fhen Beneliclory,at its opfion,may peAom►such convenants end agreements,make such appearances, ::l•�,.,_,
<br /> , �.,::,,. .t .
<br /> ',.:.,, ;���'��:•i�,• ;;.� defend agalnst and/nvestlgate such acGon or pioceeding and take suoh othe►acfion as Benellc/ary deems neaessary M profect 1ts �•��::�•--
<br /> ' ?;}�;�`�.";.';rP� �;:, . lnterest lnaJuding,but not Ilmlfed to,disbursemenf of�easonable altorney/ees and entry upon the Trusf Properry to make►epal►s.My ,fr �,
<br /> � . �'(!%�.:. a m o u n f s d/s b w s e d b y Be n eB ala ry p urs uant fo thlsp a►e g►a ph t0,wifh inteiestthereon,shall constitute/ndebtedneas o/Trustor �, -.
<br /> ` `' ' �• secured by thls Oeed ol Tiust.Un/ess Trustor and bene!!clary agree ro othei te►ms ol payment,such amounfa shall be payab/e upon
<br /> � . ; .�`,�;�i,,y,4'.,, ,;` � notice Irom BeneNClary to Trusfor requesfing payment thereol,end shall bear�nterest/rom the date ol disbursement et the de/ault rate, .
<br /> '"bc �'� i �'•t;,, ° 11 anY,set/oAh!n the Note,or otherwise at the hlghest rate permltted by law.Nothing contained in fhis paregraph shafl requlre ,4�d ` '
<br /> .�;ti . �.'3�,�y.s�'4•.: ,. . ; r,.:;, BeneNGery to lncur any expense or teke any acBon hereunder.Trustor lrrevocably euMorizes and empowars 8eneticiary to enter upon �• ��:t w,+�
<br /> .. � -. '��� wp ' '�' tNe Tiust Pioperty es Tiustor's agenf and,in Trustor's name o�othenvise to perfoim any and aU cavenents and agreemenfs to be _
<br /> �. .:•�,.-•.. . . • •.C.>
<br /> ,� :.s:�. peAormed by Trustor es hereln provided.Beneliclary shall,at�fs opbon,be subrogated to any encumbranae,lien,cla►m or demand
<br />. . ,,,. �,,;, ' `'. :��',�� and to all r�ghts and secunt(es lor the payment fheiaof paid or discharged by Benelic/nry under fhe provls/ons hereol and any such . .
<br /> •� �'�,�. � : subrogallon►lghts shall be additionel end cumulative secunty lor this Deed of Trust.
<br /> ��;: ". . 11. Condemnatlon. The proceeds o/any awa►d or cla/m for damages,direct or consequent�al.!n connecNon with any Condemnahon o►
<br /> ':�t�,, . ; + � . other teking o/the Trust Properfy,or any part fhereof,or for conveyance m lieu o10►in anticipa�ion ol condemnation,are hereby
<br /> ' • �;':��'+�: qsslgned fo end shall be pald to Beneliciary.7rusfor wil!lile and prosecufe, m good/elfh and w/fh due dlligence,Its Clalm for any such
<br /> �!��ti. •r;���•�`��' ewerd a payment snd wlfl cause ihe same Io 6e coNected and paid to 9enehciary,and,should rt falf to do se.Trustor inevocably ,
<br /> ?`i:' � � ' '!'•c;r!-,t'�+'� .
<br /> ,�.. , aufhodzes and empowers 8eneliclary,In 1he name ot Trustor or otherwise,to fde,prosecute,settJe or compromise any such clalm and I•
<br /> Y'`' �' �� - ro collect recelpt for and retain fhe proceeds.!I the T►ust P�operty is abandoned by Trustor.or,alte►noflce by Ber+eficlary to Truslor �
<br /> " �� fhet the condemnor oNers ro meke an awerd or sefUe a cfaim!or damages, Trusto�IeNS to respond to 8enelrcrary withln thlrry(30)days r._
<br /> � � • �'' '� ' aRer the date such notice is malled,Bene/iclary Is authorized fo collec►an�apply fhe proceeds+n�he manner indicafed herein. The '
<br /> � �� � � � proceeds ol any award or clalm mey,afler deducfing all reasonable cosfs and expenses.�ncfuding attorney/ees,which may heve
<br /> ; � •
<br /> � been lncuned by Beneficlary In the collec�ion the►eol,et the sole disciehon of Benelic�ary.be released to Trustor,eppl�ed to
<br /> � ' resbretlon ol Trust Property,or applied to the paymenf ol the Indebtedness Unless 8enel�aary and Tiustor otherw�se ag►ee�n wnbnp, �
<br /> . � � ; . � any such appllcation of proceeds fo Indebtedness shall nof exfend or postpaw the due date ol the No�e or the paymenf of eny
<br /> • Instellmenfs cal/ed far thereunder. '
<br /> ,�_.._. �_. � 12. Tiusto►Not Releaaed.Extens�on o/fhe time for pavment or modll�catlon o/anp emortital�on ol the lndebtedness grented by Benel�aary �
<br /> . �� �' ^��'� � to any successol(n interest o/Trusfor shall not operate to release,in any mannei, fhe liabllity of Trustor 9nd Trustor's successors m '
<br /> , inferest.Beneflc/ary sha/l not be required to commen�e proceed�ngs agalnst such successo�o►re/use fo exfend bme for payment or
<br /> � ;� ' � otherwlse modlfy amo►tlzallon ol the Indebtedness by reason o/eny demand made by Trusfor and Trustor's successors I
<br /> - r , In(nte�est.
<br /> , , .� ' ..
<br /> , ,�•,.:.':.;,•.• , ., . ' ;' 13. financial lnlomia6on U{rnn requesf ol Benehcrary.Tre�stor wdl prov�de to Benetic+ary.within nmery(90)days of tiie close ol each hscal
<br /> - ':. �l';''•:'`.`'�� ' . � r,:.
<br /> , t ,, ,,,Y. yea►or Tn�sro►,the C�nsohdated balance sheet artu statemenf ol eamings v1 irusYOr and any and all guerantors o!the Indebtedness
<br /> �y t;'.':� '.';� ����, secured he�eby,�f an�r,and wJ11 provide a�+d deGver ro Benelic�ary such other M+�o�c�et mlbrnqtion and in such mannor as 9enehc�ary ;
<br /> '"k�r��� �•.�y::.:`�:! fi, me reasonab! ► uest bom lime to tim...
<br /> ,;E�:"':�:: Y Y e4 °
<br /> . • ' E;' :;'�,.,�',��;�; .. .
<br /> ! •�,t!; 1,�t�i4; 1�. F(nanclal CovenaMs. tn addifion to any other financ�al covenants ol Tiusfor rnade m any other ag�reement.instrumenf or document.
<br /> � +'•',;ti;',�� '�f: '� Tiustor shell comply wdh and shefl cause any artd ali gnarantors o!the Indebfedness secured hereby to mmpl y wdh,or be in ;
<br /> ", �; � _t�° cumpNance wlfh,tl►e IoUOwing Nnancfal covenants �lnvs pa►egraph shell not apply d covenants and requrr�ments are not set
<br /> ; � „ , IoAh hereln.)
<br /> . .�' 1b. Schedule o/Leases. Wifh/n ten(f0)days alter demand, Trustor shall lum�sh to Beneliaary a schedule,certl8ed to by Trosfor.sethng •
<br /> , �: . /orth all leases ol the Trust Property,or eny po►tion thereol,including�n each case.fhe name ol the tonants or occupants.a descnphon
<br /> ' d the space occup(ed by such tenant o►occupanf,the rental payable for suc�swce,and such other�nlormahon and documents wdh �
<br /> � respeCt to such leases and tenancies as Benel�crary may reasonebly request
<br /> .
<br /> .
<br />
|