|
:. .� �s S+G+' f ..-w �1�..���;�;��• ,�I a,��, r�iwi...��y�• ....�, . . . . ;'ttii"r.,��7°{��i::��1s)'r".�:�.
<br /> ., • p i� •.Y,;•L _S.��eY'.�, 1�'r.. •�. I� {1f .r.R1 _
<br /> • j.
<br /> - f .. .'7t�•�,�f�Y ' n. " �.
<br /> s �.��.
<br /> �� .
<br /> .
<br /> -
<br /> �rr: ,. .
<br /> �..
<br /> ,
<br /> -�..,� � -_t-__..-.
<br /> _.t;�'" � ..., . k�se�►pr�Wo+►Ywns.Or�axld nerqs.and W W/wr ChA/gis whr�C9o�+ra'lariad'upon a essessed,WaceQ Gr rt►�di�sf flw�Ttr,�st �?�_';_:•-`- �.�
<br /> `�� prc�pary.Titisav/urtM+syro�s�uP'a►writtw►ne9�/�AY���,to l�'►AdY dafiwr to Benelklary sYf nacvllot�s Aor Orw/aayr+►anf oI ■�, �.
<br /> ,.�t�M��1i� sucAclwp�s.TiwEOr Nk�w�se a�reas M pa�►aJ!uauceis.a�►w+.rlat avr�ff o�`i4r chrr�Q",.s l�"rkd uPo►�or aeevse�d,l�tac�d or r►�ad� �•••..�•,�u-
<br /> ���„u,.� -.i�k*L� ��a nwaswod by.fhfs O�d ol Tnrst or U►�i�orda�r►1r�revl. ��-=-
<br /> ;.,-��;-a��...:,.za -�
<br /> - �,�•.;,.� � �pp�n o/Payments.M pAyriienta recelved by�4rxt1lcl�ry s.�tn�rry da�C!ls�rlli�r ar abllpaUon owed M Benelklary by Tiusta ���- -
<br /> ',;�;�" r,�s � may b�APAXed bY 8e�rw�cla��the PAY�t af fAe fnd�lN�dnar�or W aury s�rNJ.ofhar debt�qabll(ty a a�ll�afbn�!n any ader a
<br /> ,'���•.,:,° , te.Unless Wlwrwlsp erecfed by Ba�elkiery�anl' '�,'�`r�;:�-
<br /> � ,h . .. m�vu�+W 1rp,p�rC�IOn whlch lkl�uy.ln!1s absdui�Wsar�rlo»,d�a�emB eqoprop►fa
<br /> :��.:;�,�.:.�:.:.; �� sucA payrr�ant ahi�i►ba d�e+nrd ePyNed N�st ro the paymerd of e�ry debt.Mebil+ry a obllgedon other tMn the lVote. �.:,�R_�_v:-_-
<br /> ` y�7 "'" -_`."i 6� ClM►pps:t/ww.Tius6o+wlp koap[Ae Tiust Pr�parry fr+eo from W lJens and enCUmbrerices whkh!n nny way rrwy,M Uie Judgment of °-�� ` :
<br /> '� �'' ���' � � Br+�ctary,lw►�+e priorJry ow+.a Jmpair tlN securiry d,N�s Oeed M Tius�but Trusta+need nat d+scherpe any such►�en so bnp as x�� .,
<br /> - .,.�_:<<--,_.. _..__;,�, Truator ahW a�ree.!n wr�tfnQ,M P�Y Me odYpadon secu�ed by such qen!n a manner eccepteble to BeneGciery and shall 1n gaod lalth - -e-s-,�.�
<br /> ;, :��• ; �;, �. � con�st suCh NNr 6Y�PA+qW�M�+�P+���9 e/Ncdva to p►ove�nt tlis�nfdean�wq of tfw Yan and tlw losa W any lnfwact in a �;-i4:•,��---
<br /> �:'. r;` "� p�t oI tlw tn�.9f Prop�►fy ` '� `ry`-
<br /> , �� .�Y•'Y C • �,��,ru.Y,;,� � �. HRZa►d Insurance.Tiu�tor shW k�sp dw DtrMin9s Md oth�►imprawrrhnta now�xlsd�w As►e�Rer erectsd on the 7►ust Pioporry ��'�
<br />=::::;, �.•. • . • . lnaund by Inswancw canNra s�tls/atory fo p�nel/ci�ry spaJmt!ws by Mro.haz�rd�InNudW ln Ifw qnm"sxtM�ded coNara�' �nd ,��T S �
<br /> , � . p� 4..
<br /> -,�,;;: ; �; � �:,' auch odru ha=�rdi,caua/fhi and conbnpencla as miy bo roqw►ed by BsrnNc�ary.M auch�mounfi and Mr tach pMiod�a�maY b� L�:=;____---
<br /> �. • ` � � i1� ia4uH�d Dy BN1�IkNry.Tf�pollcy o/lnsu►�nC�aliall bs in Iorm aCC�pf�bN l0 8wwhcury.Wovldo fMt tM s�m�n�y not b� <i:=�-_
<br /> --����..:�:o, ..' �,� � cancNNd a muWlNd wlthouf hRMn(18)d�y�pnor wntt�n notic�to B�nehciary,a►rd ahAl►h�vo 1o9s payibl6 p►OVISlons M I�vO►ol wid `r-";--
<br /> !n lam�ee�ptabh to B�rNlx�ary.A11 pnmlumt on Inswanco polrG�s i1�sA b�W+d m 1M nrannw p�ovid�d und�r parayr,ph�h�rwl N,� ___,.
<br />��±.�-�' �.��, • � J a,d not pald In auch mann�r,by T�uuor m�k�np p�ym�nt�t Nast 6Rw»(f 5)days pna to Ilw�iva dus,dlrocty ro the Insurar�a �v_ _�''''
<br /> -� ' ,-�� carrN►.B�naHciary ahall haw ttw�gld to l�old tha�icNS ar�d rvn�wa►s tMrool and Tiusta snaJf promp�y lunwsh to Benv6cwry aY
<br /> '� � � � iw►�w�l nodoaa�nd all pald p►Nn+um rac�lpfs nc«wd Oy h In ra srsrk s1►aN BnnNc►�rY a Tru:toe Oa M!d nsD�•s+Of�lb�/a�n ro �- ��.,,-
<br /> rsr �
<br /> , F •. � . p�y lnsunnca pranquma a/a any loss a d�nNpv ai�rry out o►a dNact in sny pdicy a Ar�slr►9 out ol eny f�llure a any�nswance �',::.:�--_°
<br /> • ' o0nfpany to ptry lor any lass or clama9a�nsu►qd a9a�nst a I�D►fAfluro by T►usta fo elbCt MY�nsurancs requ�red haerinder.M the�nf �p,;�-:�;:-�_
<br /> �e�•, `�•'.�{2:� of lass. Tiustar shW plvo p►anpt noDCa by mall ro fhe 1»surance carcior and BeneMClary.B�nefic�ary may make proo/d bss i/not f�=:t..:..�.�-
<br /> . ...
<br />- -- . � made PromptlY or ln pr�sar la�m Dy 7ro1Mr.M►pc+ucra�M inswanca end a�ry and all relunds ol uneamed p►emlums ere Aereby =°--' - -�
<br /> - -- _���^�.� �`- a.qslgnqd ro Benelklary as addl6onal aecuriry for dw payment o�d►e Mdebtedness.ln the event ol Bene/irAary's exerclse ol riie power --- —`
<br />� "�' ol se7a contelne0 hereln,a in th9 event ol laecloaure.all dght tltle and Interest o/Tiusta Jn and ro any ln9urance palJcy Men in lace ��P� - �
<br /> � " ahall pass to the purchaser at the hvstee's sale or loreclosure s a le.In case o l erry l oss,t 1 w Jnsw a n c e p r o c e e d s m a y,a t l h e o p d o n o l ' t�': _
<br /> � • ' Qenel/Gery,be applled by BeneNclary upon the Indebtedness,w any part thereol,and in such order and amount as Ben9ficiary may --_';_
<br /> � �'v�. determine;or sa/d insurance proceeds,at fhe opdort ol Beneficiery,may elther be used in iep lecing a reatosing the Tiust Pro p e�t y �'�''`° `
<br /> ..;�•. .
<br /> •q " ; padialty a fotally desboyed ro e condldon saNslacfory to Bene Hclary;or saldlnsurance proceeds,or an y pordon thereol,may be � • ;: ;
<br /> o ' refeased to Tiustor.Unless BeneNciary end Tiustor otherw(se agree!n wdtlng,any such appllcetlon ollnsurance proceeds shall not _�;:;,.;;�,
<br /> � � •� ,iti�;�;,tlr.,�;� extend a postpone the due dale ol dre Note,a any lnstallments called br fhereln,a change the amount ol such installments.l►the �•,h�.,,,
<br /> �;i��`;1�b;,' :;:�' Trust Properiyls acqufred by BeneNCiary pursuant to the exerclse ol Me power o/sale or other biecbsure,ell dgM,titte and lnterest o/ _
<br /> ' ���rr"�'��j°�'� �"•'� Tius�a!n end to eny lnsurance proceeds payable as a►esuU o!demege ro the Tiust Pmperfy prJa[o tha aele a acqu�sidon shell pess ;. ,��
<br /> A--r.'�i�A' .. i
<br /> ' � � •�F�� :�' ` -� ,' to Beneficlery end shall be applled Nrst to Ihe costs and expenses,lncfudinp attaney laes,lncurred/n cdfecdng suah p�oceeds,tlwn ••
<br /> � • , � • �`•�' !a the inanner end ln tiie ader provlded heroin. �� "�"�
<br /> •-'_ - ' ••..
<br /> ' - � N. Preservation end Maintenance d Truvt F�oaarJy.Trustor wllf ksep ths bufldin��arrd othar lmpn�ver:ien!s r.os+r or here�Rer erected ar - •=
<br /> � . ' � �,�'f fhe Trust Properry In good repa!►and condldon and will not commit or permlt waste,w!!1 not alter►he deslgn or shuCtural character .. £'.'E`�`,-_
<br /> ;;.`„`
<br /> � � ���.�+4 cansNtutlng any buldfig now or heiealter erected on and ConstltuNng the Tiust Properiy wlthout tl►e prlor wiltten consent o/ ,.'�t�;�;^..__
<br /> Beneflcl w(11 not do eny act or thln whlch would andu im alr or de reciate the value oi the Trust Property and will not abendon iF,:;,�:;�;�
<br /> � - :'.;,+s. �� 9 �Y. P P r:.,„�_
<br /> • • ,,. Ihe 7rust Properry.Tiustor wlll not remove any frxhrres consbtufing the Trust Properry unless fhe seme erelmmedlately replaced wllh :�,,1,�-_j
<br /> . '_ .�'�"�• Nke properry subJect to tha Ilen end securitylnterest ol this Deed o/Trust and ol at leasf equel value and ud1J Trustor w!lf com I wiM , t
<br /> ry• PY '�lu�`,.-
<br /> , . a!!present and/uture adlnances,ieguledons end iequirements o!any govemme►�tel t�ody which nra appBcable to tha Trust Property ;,,---=�� --
<br /> • • ' '� and ro the occupency and use N►ereol.ll�hls Deed oI Tiust!s on a unit In a condorninrum oi a p/anned unit developmenf, Tiusta shall ;,;����__
<br /> • 't�',;:,'';.�;":� perlorm all o�Tiustor's obllgedons under lhe decleraHons or covenants creadng or goveming the condominlum or Ihe planned unit ,.;; .,,,�,,
<br /> +�.• „' , "�"' -,'' development,the bylaws end�egula8on$o�the condominlum or plenned unif develnpment,and fhe consGtuent documents. ''�':`•��:` ,
<br /> 1�;•;;:�� �"•
<br /> ' 9. Inspectlon.Benepc(ery or lts agen�s may,at ell reasonable times,enter upon fhe Tru9t Prope►fy�a the pu�pose ol inspecdon. ,; -. �.f
<br /> `�� ,• � � 'y!�:,tµ BenoNcfary shell have no dury to make such inspection and shall not be Ilable to Trusta a Io any person�n possesslon il it mekes a `"'
<br /> � .;..... '�,'•
<br /> � ���`"` lalls to meke any such Inspectlon.
<br /> ;;��° ��t�LrL:•^
<br /> � � :,. �--
<br /> 'r;,"� . :•;;���r,�i,; 10. ProteeUon o!Secun If fiusto�lells to erlorm a of!he covenants and a reemenfs contalned!n this Deed of T►ust,a U en ec6on ` �'�_•"
<br /> Y ��•:..,-�,
<br /> :•��, .;)�i' o► rpceedin !s co menced which does or ma adversel aNect the trust Pro e or the lnferes�ol Trustai o►Bene�cia therefn or r"�"'•r .
<br /> '�` � •, u� �, A 9 Y Y P r►Y �Y -:�.
<br /> ��,�� � ��; � ,�'�., the NNe of Tiustor thereto,then 8ene6ciary,st!ts opt/on,may perlorm such convenents and agreements,make such appearances, '+,�.
<br /> + } �,;�;'"•{ delend agalnat and Investigate such actlon or proceeding and fake such other acdon as Beneliclary deems neCessary to protect/ts �:
<br /> ����� •� ' �:�'?�'�`�� lnte►est lncludln bul not bmited to,disbursement o1 ieasonaMe aftomey/ees end enfry upon the Trust Prope►ty to make repalrs.My .,r=�
<br /> :".•..•:: -
<br /> ••. � "''r' amounts dlsburs d by BeneNclary pursusnt to thls pe�agraph t0,withlnterest thereon,shall constitute/ndebtedness MTiustor `�;• . •��___
<br /> •,;'; f�.;;,,;�;t��r;�;,.;, secured by thls Deed ol Trust. Un/ess Trostor and Benefic�ery agree to other�erms ot peyment,such emounts shall be payable upon .�.'j�r r.;�, �:---
<br /> ;y�. �,,`�,,,,;,,:i),�,�1�...;:,M,ti noNCe Irom Benellc(ary to Trusta�equestlng paymenf fhereof,and shall bear interest lrom the dafe ol dlsbursemenf af the delau/t�afe, 1�;;..;�1�y ..
<br /> '� �;�-� , �,,�, � �l�..;� !t any,Set lorth in the NOte,or otherwise at ihe highest rato permiffed hy►aw.No�i►ing contamed in thls paregisph shall requlre .� •,;( :: __
<br /> i !�.�E�..1��! �� BeneNclary to lncur any expense or take any actian hereundec Tiustor irrevxaWy authoiizes and empowers Beneficiery to enter upon + � ,`.,
<br /> _ ��' . 'i:�1�i�1���(1�t.1 . _
<br /> . � �,...;,,..,, the Trust Pro pe r ty es Tiustoi s a gent and,!n Tiustor's name or ofherw(se to perlorm any and all covenants and agreements to be f „�
<br /> ' ' � ��'��•!�"`�`"� pedormed by Tiustor es he�ein prov(ded.Benellclery shall,af its opflon,be sub►ogated to any encum6rance,Ilen,claim or demand �
<br /> ����'� ��`iilfi:'.;r•� �
<br /> ' �'.�i?�^ • ' ,..,,,:�i.,.t;�. and to all rights and securiAes lor the payment ihe�eof paid a discharged by Benel�c�ary under the provislons hereof and any such ;:.�_.y;;:.;�_
<br /> - . �'�,",'�:�{;:��c subrogedon rights shell be addldonal and cumulafive secu►ity lor this Deed ol lrust • - .
<br /> '' '� ''�t"�`�������i�'%��' 11. Condemnallon. The roceeds ol an award or clalm lor dama es,direct or consequent��l,�n connectlon with any condemnation or
<br /> � . :�.�.r};�•:-,.�.?., P Y 9 , .
<br /> � �'++�•��� other taking ol the Trust Properry,or any parf thereo%or lor conveyance in Jleu ol or m anbcipatron of condernnation, e�e hereby .
<br /> • .,;�..
<br /> _ _ �i•' assigned M and shal/be peid to Benel/Ciary. Trusfo�wlll lile and proaecute.in good/aith and wlth due dillgence.its clelm for any such �
<br /> ' ,.•� � � ewar�l or payment,and w(ll cause the same to be collected and peid to 9enel�ciary.ana,should it/ail�u Jv so,Trustor irrevocably
<br /> authorizes and empowers BeneHciary,in the name o►Trustor or otherwise,fo l�le.prosecute,sedle or compramise any such claim and Y '
<br /> �•, to Col/ect,recefpt lor and retain the proceeds.ll the 7rust Properfy is abendoned by Trustor,or,aRer nohce by BeneliC�ary to Trustor f
<br /> . ��•, fhet the condemnor offe►s M make en award or seRJe a cla�n,lor dameges, Trustor lails to respond to Benelrciary within thnry(301 days !
<br /> ''. ' • � efter the date suCh noUCe is meiled.Beneficrary�s authonzed to coUect and apply the prxeeds m the menner rnOkaled herein. The t
<br /> , proCaeds o/any award or clalm mey,after deduchng all ieasoneWe costs and expenses.mcluding aftorney/ees,which may have '
<br /> � ~ �� been incuned by Beneliciery in the coflecbon theieo/,at Ihe sole discref�on of BeneGc�ary,be released to Trustor.app0ed to
<br /> � ` � restoratlon ol Trust P�operty,or applied to the payment nl the Indehtedness.Unfess Benelic�ary and Trustvr othe►wise agree m wnbng, t
<br /> , ; � any suCh appllCatlon ol proceeds to Indebtedness shall not extend or postpone the due date o/fhe Nofe a the payment of any �
<br /> ' lnstal/ments callvd lor fhereunder.
<br /> �. 1��._._'_ .� 7..w 11/n�Odss�ad r„�...�s;.,.�.,�►n.n,.,o t.,.�a�n,pnr n..nndi)rrannn nI anv amnmznhon n/fhe►ndebtedness oranted bv Benehc►arv
<br /> "���'. �� `' . �� to any successor in interest of Trustor shafl not operate to release,in any manner,the 6ebdlry o�Trustor and Trustoi s successors in �
<br /> • �,^ � ' lnterest.BenefiClary shall not be required ro commence praceedrngs agamst such successor o►relerse to exfend hme for peyment or
<br /> � ;s. otherwise modrly amortrnzat►on of the Indebtedness by reason o/any demand made by Trustor end Trustor's successas '
<br /> .�. in Interest.
<br /> . , .,..
<br /> • � "; �..'�::~�,�. ' 13. Flnenc�al Inlorma0on.Upon requesf ot Beneliciary,Trusb►will prowde ro Benehcrary,wdhin nmery f90)days ol the close of each hscal �,
<br /> ; , ';; � ';;. year ol Tiustor,the consolideted ba/ance sheet and statement of earnings ol Trustor and any end aq guaranto►s ol the Indebtedness ,
<br /> � �; �,�;;.��:,,,,, :,;_.; secured hereby,i!any,and wpl provide and deliver to Beneliclary such other hnenclal m(ormafion and!n such manner as 8ene/iciary � • '
<br /> •� �'r'�;�. ; �: •,;:• � may reasonably request hom 6me�o Ilme.
<br /> n� r °� � "'?.; 14. F/nanc/al Covenants.!n eddidon to any other linancial covenants o/Trusbr made in any other agreemenf.lnstrument or document, �
<br /> Trusfa shall comply with and shall cause any and e!!guarenfor�of the Indebtedness secured hereby to comply wdh,or be�n !
<br /> ��. ct�o�mplran^c`e wlth.the foflow�ng 6nanciaf covenan[s:(This paragraph shal!not apply�t covenants and reqmrements ese not set �
<br /> � .. � •'l.i, 1V. IVIIh�/W/�.� r
<br /> • ' `��' ' 16. Schedule o/Leases. Wilhin ten(10)days alter demand. TrusM�shal!lum�sh fo Beneliaary a schedule, certrhed M by irusfor,sethng '
<br /> !' • lorth all lesses of the Trust Properry.a any portion thereo►,mcludmg m each case,the name of fhe tenants o►occupanfs.a descnohon
<br /> 1 , ' ' ol fhe space oCCUpied by such tenenf or occupent, the rental payable!or such space.and such other�nfwrnar�on and documents w�th �
<br /> i iespeCt fo suCh leases and tenanCres as Bene(icrary m8y reasonably requesf. i
<br />
|