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<br /> or obsoIetc. prodlded thut sucb personat property id replaced wlth oWer pErsonal property at least equa! in vnlue to th� k':`-
<br /> mp�a� p��p� pxop�rty, fi�ee from auy tide retent3oa device, securIty agreemeat or other encnmbrauce. Such _;-;-
<br /> repincement of p�rsaanl proparty�vjll bs dcemed subject co�be se�urtry iaterest creat�by thls Dced of Truat.Trustor ahnU �_�,,
<br /> '` : aot psu�ldoa or au+xiivide We Progerty���ithout BeueRctary's prior wrluea coasent. Beaieflciary or Benetictary's agents -_
<br /> . rt�y, nt Heneftciary'�option�.�ttr���1y or ABeuefIciary's i�,"ne�aad Trnst9�illl n no�$v ay�reiy B e n e f tciury s �-
<br /> Y.. lnspection of the Pro�erty .
<br /> � ; inspection. -
<br /> •...��:��,;�?� 13.AUTHORITY Ta @ERFORII��If Tt��r fails w gerformany of Tcustor's duties uader thts Dced of'frust,or any other �
<br /> mortgage,deed of truse, se�urity agceement or other llea doeument thnt 1ws PrlerltY rn'er this Deed of Tcust.�ieneflcIary
<br /> �ay�wit�out notice. Perfoma the dudes or cause them to be performed. 'Ihistor appoinis Beneficiary as attomey ia fact to
<br />--= a._ sign Trustor's na�or pay any anwunt a���fo�r�d0 wmatever ie nyeccssazY w Pmtect EEaeRpdazY ia se�urityr interest .,
<br />-�� � not canied on ia a reasonable manner.
<br /> �` in the Prope�ty. 'This may include completiag the canstruc�on.
<br /> �.
<br />'- . � ; BaaeSciary'3 right to perform for Truawr shaU not create an obligattoa w perfoim, and Bcaeficiary's failure w perform
<br /> ;� . will not preclude BeneSeiary from exercising aay of Beneficaary s other rights nnder thes 1a�'i+or th�s Dced of Tn�st.Any
<br /> - , amouats paid by Beneficiary for insu�s�ng. Preserving or o2herwise pmtacting the Pcopecty aad Beneficiary's security
<br /> � eff�om time to tnme��o the bterms o�tBV iatew:e o Debt�e pa�uadl patd in fuU at the iaterest rate ia .
<br /> .'' �'��+`�.,, ' id.AS�E4tr1VMEN�'OF'LEAST3 AIVD RENTS.'IYusWr iffcevocably grauts,canveys amd sells as additional seaurlty�11 the -
<br /> � rlgh2,titte and i;ntenest in aud to any and all: des and an other written or verbal agreements for the use�d
<br /> :s.-;,�. ' • A. Existing or fuuture le,ases�suhleases.�c�nses. 8aaran Y
<br /> . , ocxupancy of any portion of the ProgErlY. includiog aay extensions,reaea►als, mod.ific�tions or eubstitutions of
<br /> . . a y��ents(all referced to as"I.e�ses")•
<br /> _•���,�:,
<br /> rr-.;, B. Reats�issues and pmfite(all refernd w as"Reats��inciuding but aot limited to socuri�ty�����moth i
<br />= ' e rent. additional rent. oommon a�ea mafntenance charges� ParkinB cLerg
<br />_�:;��� BPPy��t�x�• insutance premium comribu�ons�I�quidated dama8ea followIng defaiilt.canaelladon premiums�
<br /> "loss of r�ts" ���i����f tph�oi�cy of the ahole or aay partWOf the property.y have
<br />�-::"- — tLat ln any waY Pe
<br /> _"���.� „ .,�t ies of ell ealsdnf�eud thture l�ease3. 'Ptustc�r may
<br /> �-- Trustor WUl prom�niY PT�'i�t��$�'t rs3lh!�u s_._z�±rn��►p .
<br /> -3�;_,� collect�recelve.en)oy and use th�Rents so long as Teu�tar is aot i�dsfaWt.Teuator aUl not oolle�t in advance aay iteam
<br /> --- .� d����l�e p�riods.unlesa'IYvstor tltst obtalns &ueflciary�8 WYItttD CODSCIIt.Upon default.Tcustar wlll raoelvc
<br /> any Rcnts im tcuat fos Beneflciary and Trustor wl11 not e�mtNa e the Rents vvith any other�nde.Any aa�oumt�collocud
<br /> — shall be agrplled u Beneflclary's discretioa to payments en the Debt sa ther�in pro�ire�and wma�ssi�nr�eatal
<br /> -- -__— pcopeity. iael�sding.but not limited to. all taaes� agsc�smGate, insurance Pre�oattuais�reP
<br /> -- agente.and ro any othes nec�ssarY
<br /> relatod eapenses iacltadfag &neflc3arY's attorneys'foes�p�ralegal fees and court cwata.
<br /> � � .fivstor acknowledges that tbis assignmeat is perfected upon the recaRd3ng of thia Decd of 1lrust aud that Bene�ficluy!s
<br /> �V=m'�'°�� e.utltled to �LifY anY of'Truswr's tenants w make paymesit of rents due or to becoa�e due w BeaeficiarY. Howevea.
<br /> _.-'�"�'� 8eaeficisr�►agrces that only oa defavlt will Beneflciary notifY'Ccustor aad T�su�r's teaants and mak,e demand that all
<br /> ---- future Rents be paid directlY to Beaeflciary. On caceida�the norice of default. 'lYvstor will endorse and deliver w
<br /> - Beaeficiaty anY PaYments of Rent ia Ttuseor's poss�sslon.
<br /> 'hustor covenauts t1�at no default e�dsts under the Leases ar anY aPPHcable landlord law.Tn�stor also auvenants and a�yrees
<br /> • w maintain,ammd t�o cequire the tenants w comply wIth,the Leases a�n]any gpplicable laa►.15cvswr wlll PmmptlY aotifY
<br /> BeneficIary of an}��aoompliance.If'I�nstor negieas orcefuses to e�ffai�compl�nce aitli the term.v of the I�cases.then
<br /> BeaeRc3ary may; �1 BeneSciacY's option► enforce oo�llance. ltusior wIll obtain BeueSciaty's written avthoil�acioa -
<br /> before Trustor artaseats to surot�t,tn�iY.canoci.uY a�c�.+a:,:l�t�!��,���u-�E th��dr�of the PmpertY -
<br /> covered by smch L.eases(unless the Leasea &o re4ulre).or w assign.comPmmise or�aaimber the Ieases or any fuUU+e
<br /> _ �-�s Re�.'Crusto��v1U hold Bsneficiary haimless���this secd�on for any aad all liability; loss or damag$that
<br /> . BeaefidarY a�Y iacnr as a oonsequen
<br /> - --= I5.t;dDIVBIO�UA�St �'L�N��� �EYEL4Plb�1d'!'8. If th� Pro�erty iucludea a uait in a oondominiwn or a
<br /> p9smned udt development.Trustor will perform all of TrosLCr's duties uader the oovenants.by-laws.or zegulatlons af the
<br /> - toadominium at planned unit deveiopment. .
<br /> - 16.DEFAULT.Tmsior wW be in default if aay of the followtng occur. when due;
<br /> -------�°= � A. AnY P�Y obligated on the Secvrod Debt fails to make payment �or�rtga$e t�r an oanstcur,tton loan ag��
<br /> ��� B. A bnach of a�r term or covenant in this Deed of'I`cust.anY D fi or oti e�avise reladng to the Secuced
<br /> :N r�"� seeucity a�reeraenc or any other document evldeueing,�uarantyln�, ea�8
<br /> �_,�xvk:�
<br /> --�-�"�'-'�� C. maldm8 or f��a�of anyr verbal or arittea csepreseasa�ton,statement or watramY to BeueficlaxY that i� s.°,
<br /> _--=��.:�,� or iacorrxi!a any �'P��Y T��r arang►peison or entitY obll�2tecl on the Secuzed Debt;
<br /> _ -nry;.�,;;� D. The d+eath. dissolut�on, aPPQiamieut of a recei�ver gor, or agpltcattoa of suy debiar reflef law to.Ttustnr or aay
<br /> _-,�=���� ., pe�soa or entity obligated on the Sea�rOd Debt;
<br /> -���;��i4�:'` E. A good faith beltef by BeneSc3ary at any dms that BeneRciary is insec�xre wUh res�ece to aay person or ea�t�'
<br /> obDgated on the Secured Debt or that the pmspect of anY PaY����P�or the Pcup�ty is impa�red:
<br /> - F. A mat�clal adverse chan�e ia Trustor's business iueludbg ownecshiP�mana��+ and finauclal condidous.which
<br /> - ��E� _.._.:�: .��,at�.�tr�Pnnmitv or rn�avme,ntof the SeCUt+ed Debt;or
<br /> •,:-=.�z� .� Senet3derY m iis opmii,u u�.�.�,o....�:.o.... _.� _.�---�-
<br /> :� • .� G. Any loan pmceecls are used for a purpose that v�fU eonictln►te to excessive emsion of higWy erodlble laad or to uco
<br /> -��,� .���.� ;� oonvezeton of wetlands w pmduce an agrlcuttural vommodity,as fiuther eaplainad in 7 C.F.R.Part 1940,Subpart
<br /> �:; '.�:,. �� '�� � G.�it M.
<br /> _ . .. . , - : � 17.REMEDIES ON DEFAULT. In som.instaaces�fed�al and state�laar wUl requice Beaefieiary w p:+ovlde Tcnator with
<br /> ••-: nolice of the rlght w cure,mediation aottces or otheraxelerate the Secured D'ebt aad forecl�o e this Deed o Tmst in a
<br /> .' . Subject Yo tti�limi�ons�'1�to�in de�faul�
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<br /> . _ manner pmv bY
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<br /> e�ssa eanuas sv+�9.tio..sti aa,a.��+�ooas�•ssan c�aacoar���or�o�
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