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<br /> —r��.._t` ,�`r t, ��ICBY'o""'•"w���.SiBllf��G�16/ '�M�18�.40BV6Il@Y�l/p01'lO��� /R8C/9��u19T/YSt : _� x�.v -_
<br /> —�"��'-��'.`'Y �Yrrsror tWrlheraqreers'Woori wrlmen requestbY B�aiY.lO p►ompih►de�lner to Benef�Cior��ormalle,� �_#:;�;�_-
<br /> �^.�, . . . � . . �arges.Tt�sOQr6kewfse agr�es to pay af Lax+es.��d�ef�9'�ieried upa► `
<br /> ��-• - - agafr�ormeasuredbYihtsDmeafofTn+s[ath�recorda�tar►Ae,eb� :� _
<br /> _=� _u, , �-r .��� . . • � , . _
<br /> -- :- - °v,-- - S, pppf�ior►of Paymenls Ntpayinents�bY�r+e�r�►as t�a�Y'���1►orobJlgat�on bwed to Benefictary bY rn�tor - ,
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<br /> .. ,. . _'. to the paymentofthe Irrdebtedrre,ss ato arry s�tcA otber deb�Gab+7�y orokfr9��n an�aderor. - �
<br /> ~ mannerp/HppFag6�on wf�Ch BBnefir�aiY.fn�7s ebsdt�6e dfsYx�eD�rleems appr+�rfate Untess otherwlse efecied by 8ene5cfery:enY � :� .,• ;:{-
<br /> T2 °�r_-� " �`�`{.`_ �a . �s�1�a�mentsha�be_deemedaPP�drirstQDfhepa�merrtofanydeb�Ilad7�ryaab�no�rUrantheKofe. � � , �_
<br /> �F� g �Uens Tiustior wi�lireeP the T i u s t P i o p e►t Y f i e e f ra»a l l l i e n s a n d�t 6�w h k h M e n Y w a y m a Y•In t 1�e 1�3�� � x=--.
<br /> �;.•f.�'� � {� genelkJmy,hgyB pdpr►�j�pver,orhnpeirihe seer�diY oi.ilNs faeed of lfust buf Tit�sto►rteednot dfscherge anl!suc►►fiBn so bn9 a� - - .
<br /> ` ': `-.`� ` `. � • Q Tiusiarshad�a9►ee.i�►w��g:tbRaYthe ob�r9aUnrrSe�sd bysudr Gen in a manrrer accePtabte to E�enefrclaryand aha/f tn good far71► ` - ` __•;•
<br /> 1' , . `..- - , � � contest SflCh iB!!by aPproP►ia�b9alP�9S�f�COve to pievent fl1@ @Afo/Ce►ne�t o11he Q@it end d►eloss Of e►ry nlle/@Stln Ot ' _`_ ;}:k
<br /> _ iSjfG�'"+�..� V'�1•,.��� �� , �[�1�J@T/7/$t�f0�� . < �.� "`h" :__ "
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<br /> . I � y Hazard Insurance.TirrsOor a t r a l f k e e p t h e b y N d u►g s a�+d a t h e r l m p�a�i s n o w e x i s ti�+9 a h e re a f D e r e►+e c�a a!o a 1 n e P�o p e r ti �� {�;,
<br /> ����`�.�� : � cetilers�Y to BenetPcla►f�agair�t tass 6Y flra,f�aza►ds h�duded/n the ba�l'r►"exteiided cove�ge"e�d ��
<br /> lnswed by lnsuranre� G� bs u�redb BeneTx,iBry.jn such�and fio�►stx.M►periods es n�b� �'
<br /> �'�.`;^'.` ` '�;� ,'�� aucbo0l►e�t�ard� and asmaY reel Y r notbe . �`
<br /> requtr+ed bjt 8enerrcla►fi Thp pc�icyof�r�aa�s�+��/n�►�P�tO�•�dret Ihe s�►►e mey in favard and, ' �-`�.
<br /> , _• " • �".' � i wrilten nF�R'CB to BeneficlaiY and sheU have bss payst�le p�otristons _ '..
<br /> � � ,`'"�� ' "�� ` • p carrcelfedarmod�fed wftheutf�eere(61 deysP►� � , � �
<br /> �f ort/aswancePoNc�es shafl be pafd rn tlte manRerAta v J d e d u n d e r p m a 9 r a P►+ h e r e o!
<br /> _ -.� �: � ' � lnlhnm accepteble to�datl'•N/P!�mire►►s at lfeast Slteeh(f5)deys PrJor to ihe dae date,direClfy ta tJee hur�rance ' -
<br /> ,r`: -, . - a.Hrx�tPa�dinsncf►mara�er.6yTiustamaldn9P8Y�� _�,.
<br /> ;�;` ,` , ' � carrie�Bpene6ciary shaDhave dre rigMto Nold ihr}�icles and r�newats theiBMaed T'res0or s A a f►P►o►nPtlY l u m i s l►t o B e n e B c f�ry e N� .- _-
<br /> • �newalra�ertd ap pald Pr�rnfum racetpls r�c�d�yi�In rro e�t sha�Benelkla►y orTiustee be f�eld�esponslble lforfaAure to
<br /> - � ,.. � PsY�+�A�?s a Ibtarryloas or danmge ar�aia9 outofa delfect ta enY P��Y a►�S out ofany tailur+a ot ariXlrtsuiance 3 .�
<br /> 1�4i `
<br /> ,• `- - �omr►F�Y�PsY��Ylcss a damage lnsured a9a&�star Ifor falure by Tiustorto elle�t ihe fi�surmrce►eQutred lrererutder.ln the evern
<br /> . . . � •..- . .- y dlatsr Ta�orshan ghne promprnc�ce tayt+�to d�a tr�nance canler erM��Y•���Y m�make pr+ool oflcss/t npt ; 5._-
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<br /> . ..J ''� �` , -:°.`. �, �.' made pra»p�(y a/n praperform by Tnisllor.A91�Fctes aNrlsprence ar►d any and ell refunds of�rre8rr18d P�emlvrtks�►e hereby- . F✓^
<br /> �� � . .• as�,edoa�cra�resaa�ra►a�secuMy�.n�ePaymenro�a,e md�ebroar�ess.mn,e.e�►e�ro�e�raa.s►s e�crseotrne pow.r .
<br /> • , . afsafe ca�ttafned Irerefi,a/n the ew�t ot l f o r e d a s ur�a l l�f g f M d tl e a r►d i r�e r e s l of Tivatorin a r r a� a n Y l�ra�P�Y�en in Aonae ,�� --
<br /> • ca -
<br /> ' :� � . - • shal/paas to the pmchaser ettAe trus�ee's sate�or breclosu►Q sale.ln case of any loss,the lr�su�Proceeds may.atthe opbon ot . ._ . �'. Y:'
<br /> _ . ° 4 ' T-- -L - ��Y.�BPP�aY Bene�dary uPnn the MdebDadness.a anYPaR tl�e�of�And in such o►de�and arnarnt es Bene�idarymay . _ _.. _ -` -
<br /> .at#►eopOfon at B�Y.�Y��be used In repladrrg aresto�ing Phe Trust Pmpffriy �,„ . :-
<br /> - -- -• - -- -- -• - - par�taly oi totaly dasdoyed to a caid�on satlsfacGDry M Benel(darY:or sald lrrsurarrce proceeds.a any po►�on tbereol,oiay be_ `
<br /> -z� -:-_--• -
<br /> ' • - released to Tiustor.Ur�ss Beneficfa►p and.7rustor otherwlse agree in wriLhrg.anystrch appl'rcat�on ofJnsmance p�oceeds shall not, ,<:
<br /> � � ' exDend or posQoone.fhe due dafe ol ihe Note.oranylnstallments ca!!ed fiorihereln,orchange the amour�tofsuch inatal/mer�4�s.Htlre . . . . .
<br /> , � : . Tn�.st Pr+ope►ryls acqulred bY Ben�cle►YPursuant to Ihe exerdse Of the power otsale orotheilbrecfosurp a/l�ghi titlearrdlnterest ot _ . - .
<br /> , tiusta/n andta anYhisurartce prnceeds PaYabte as a resu/t a/damage to the Trust PrcpeKyPriOr to dre sale a acq�ds�ba►shell pass •,...
<br /> •... .. �. :..:_._::.-_- „ . . _.,-�--�-
<br /> ,;. � b BenefrcleN and shall be aAP�led ifrst to the costs and expenses.inGUding ai(wney fees,Jncw►ed in cdlectln9 SuCb praceeds.Mren , :�,:,,.
<br /> �. . . , in tha manner arml ln ihe order p�ovided hereln. . . � -
<br /> ' ` g, pr�servaticn and MalMenance oiTnrst Prope►ty.Tiustor wip keep the buil dings and otherJm p r avemems rio v y or heresftei erected on �.:
<br /> ' - . fhe Trust Pio�ertyin g�oo¢repalr and oo»aition and wi0 rrot commit a pe�mlt waste,wlll rtot aNerd+e.deslgn orsduchrral character . .� :;
<br /> : � -.. . .. . . � . _ ..
<br /> .. - r wrnten eeonserrt ot'
<br /> ' � , ..�� ' : oonstikNag arty bu1/d/ng raw a hereaRet erected on and Consddrhng tire Tiust Prope►ty withoatthe p�lo
<br /> , .:
<br /> .. , .
<br /> _-_ ----------- --�------� Benefldary,wA!rat tfo eaY ect w�hJng wAJcti would wrduly.lmpa/ia depreclate fhe value ofthe Ti�st Prapej'�Y and wi!laot on
<br />' �� tl►e Trust Propergr.TiusGOE wf0 not remove any fixtwes cortstitu�ing the Tiust PropeM uNess the same are lmmedlatefy replaced with - ..--.-- '
<br /> 3GD
<br />� • � - ' � � �• 6tce propeny sabJect to/►ie Ilen aad sec�rtty Jraeresr of thls Deed of Trust and ol at/east equal velue and uGiliry.7iustor wtll compty wrth . �
<br /> all present aiM fuW�e adinaRCes.re9e►aticns and requiremeMs of arry govemmental body whlch are applicab/e to the Tiust Properly t .
<br />� =.. - , . and tp lhe pccupancy end use thereol.Hthls Deed ol Tiustls on a�nit in a corrdomin/um or a planned unit developmen;Tiustashall � • ,
<br /> �; : perho�m all ot T►ustor's oWigaUor�s under the declaratlons o�covenants creaL'eg orgovendng q►e cortOaminfum or the planned un�7
<br /> �: � , , • devefopmenb the byJaws and�agufaUons of t�►e condomiMum or ptanned unft developme�a�►d the constihreM dxumer+►s. �. -. �., �.
<br /> � 9. Inspectia+.Beneflclary a its agents may,at a/f reasonabla dmes,enie�upon the Tiust Pioperly for tAe pwpose of inspection.
<br /> �-_' ' ' � Beneficlery shap have no duty to make suchlnspecGon and shall not be Ilable to Trusfo►a to any pe►son ln pavsesslon ilit makes a f
<br /> �� . • falls to make any such/nspectlon. ' ,
<br /> ��" ... . . . • - - • 10. ProteCtlon of SecuBiy.N Tn�stor fails to perlonn any o/the covenants e►rd ag�eements co�rtained in thls,0eed ol 1nrs�orll arty acGOn � .. ,. �.._.
<br /> . . � pr proceedfng la con►merrced whlch does armay adversely alfect the 7rust P�operty or the irrte�est olTn�stora Beaeficlary therein or � .
<br /> � ' tha tltle of Tiustor tl►e�eto,then Beneficlary,at iis aptlon,may pedom►sach convenents and agreements,make such appearaRCes, � �
<br /> � � defend agalnst and►nvesNgate sach acdon or p�oceeding and take such ofher ac6on as Beneflclary deems necessary to P►atectiGS �
<br /> � - ' leterest Inaleding,but,not flmited m,disbu�semenf ot�easonable attomey fees a►rd enfry upan tfre Tiust Propery to make repal►s.My
<br /> � '. ' � amounts dlsbu►sed by Benenclary pu►susnt to ihls paregrapb 10,with fite►est t1►e�eon,sha/l constitute Indebtedness of lruator -
<br /> ' � � � secured by thls Oeed of Tiust Un/ess Trustor and 8ene1/clary ag�ee to oiher te►ms ol peymenL such emounis sh8l1 be paysbfe upon ; . _ ,_._
<br /> �- - .--� ' notice han Beneflclary to Tiasta iequestir+g payment thereol,and shal!bear Interest hom the date of dlsDursemerit at the defauft rate, ; '. _
<br /> e
<br /> • . H arry,set foKh in the Note,or otherwlse at fhe h)ghesf rafe permlKed by law.Mothlog CoMalned!n thls paragreph shai!reqWre � �
<br /> ' BeneflClary to incur arry expense o►take arry acGOn hereurrde�.TiuslOr Inevoca6ty autitodzes and empowers BeneNciery to entei upon ; ,
<br /> ' " tlre Tiust Propedy as Trastor's agent snd,!n lr�stor's name or othenvJse to peAorm any andallcovenants strd�greements t0 be ;. '. .
<br /> � - . . .' perlomied by liustor as herefn p�ovided.Beneficlary sha11,at Its oAUon,be subrogated to any encumbrance,llen,clalm or demand •
<br /> • . �_ � � end to aU dghts and secvritJes!or ihe payment tllereof pald or dlscharged by Berreflc►ary unde►the pravlslans hereof and any sucA , � •
<br /> �;� -= ' - � a,�brogadon dgMs shatl be additJonal and cumulaUve secu�lty for thls Deed of Tiust. ,
<br /> - - - 1!. Condemnatl�o»The procaeds of arry award or clalm lor damages.dliect oi oonsequential,ln connecdoe with any condemnaaon o�
<br /> � � »
<br /> , other taWng uf the Tirrst PropeKy,or any pert lhereof,or fo►conveyance in fleu o10�M aedclpaUon of condBmnat/on,a►e he�eby ,
<br /> �~ r �' • . asslgn�d to arrd shaJf be pald to Beneflclary.Tiustar wil!lile and p►osecute,in goad faith and with due dlligence,Jts claJm lo�any such .
<br /> � �, . . :� � awmd a pey�rrent,artd w!!/cause 1he same to be collected and paid to Berrellclary:and.shauld it lall to do so, Tiusto�lnevoca�Jy
<br /> =_.r. _ _, . 8uthodses 8nd empowers BeRellclsry.!n the name ai Tiasto�a otherwise.to A►e.p�asecute,settle orcompromJse any such clalm and
<br /> -• ro cd/ecf,r�eeeipt foi and retain the proceeds.H the Tivst Prope►ty Is abandpned by Trustor,oi alter►rodce by Benelic►ary to trustor •
<br /> ��� . : � . � ' Utat the tapndem►ror o!/ers to make an award or settle a clalm tor damages,.Tiustor la�ls ro respond to BeneficJary wlthln thi�ly(30)days .
<br /> •- slteithe date such nodce is maAed.Be�eliclary Is aud►oNZed to collect and apply the proceeds In the manne�lndlcated hereln.The
<br /> r�i . ' '" ' proCeeds of eny awa�d or clalm may,after deduCdng a!I reasonable aosts artd expenses,Including ettomey lees.whlch may have
<br /> :; ___ � '-. . bsen lnqumed by BeneNcJ�}r ln the cdlecNon 11he�eoi.at the sole dlsc�etlor►o/Beneficlary,be►ele8sed to Tiustoi applled to •
<br /> .
<br /> - roSto►atlon ol Tiust Pioperly.o�appNed to�he paymeRt uf the Indebtednes�UMess BeReNclBry 8nd Tiustor othenrise agree in wr ng,, . __ .
<br /> �, �� • '� a i�y s u c h e p p�c a U o n o f p�o c e e d s t o l n d e bi e dness shalt not e�tend o�p o�o�re 1he due date o!the Note or rAe paymeM oi a►ry
<br /> � .. . lnstallme�s caJled fo�thereunder. �
<br /> •.-•r �_: _. . - . : .. _ _. _
<br /> - - . t� TiustorNot Re/eased.6rte�rlonof ths dme for payrtrerK or modillc�tlon afanyemor�atlon af the Indebtedness granted by Berre�iclary
<br /> _ --- '.�:--:: -� . =, -_-- ° rp anyguCCessorin interest of 7r�sfor shall nof operatA b release,ln any manner,the UabUlty of Tius[oi snd Trasto�'s s�iccessors ln ,
<br /> •` l�erest Benellctary Shall»of be requhed to comnieace proceedlnys egalnst suCh successor rn refuse tD extend urtre for payme,►t or . �
<br /> _ . ' - . ' ' ' oN�erwlse rradHy emortlzaGton ot the Indebtedness by�esson of arry denrend made by trusto�and 7'iustor's svccesso�s �
<br /> �� � . �n Imerest � .
<br /> - ° � 13 Fhiendaf!�l6anitdNo►►.tlpon ie9uest o/8errefkla,ry,T(USto►'Wlll provlde to Benepclary.wrthle,rdi►ety l90)days ot�e ctose a1 eacb fisca� •
<br /> , • . .. .
<br /> : , _, �' • y�a►�Ti�ustor,the consolldated balance sheet arM statement of eanNngs o/fiusto�and arry and al!guaraniors of the Irrdebtedr�eas .
<br /> � --'-' �d1�b�Heuy�.�d�vi11 provldeartat dAUnetto8er�dacy s�chntherllaarrclat iMEtmntlonand lnsuch mannetas BeaeHclary - - �
<br /> ` �,:. • ' • " ." MeY�eason�aYre4vest fio�r►dme to tlnte . , --- - _
<br /> � � " 11. flnanCl81 COVelr�ts.ln addJEton ib any ofhe�!lrranclel covenant9 of trvstormadeln enyother agreeme�,hisbumeM ordoc�rnen�, . .
<br /> -j � , taat+0►shall E�mply wib�and ahall ceuse anyr artd ail gua�arKors of the ladebfedness secu�ed hereby to cornp/y wld►.or be Jn .
<br /> �.. -- . _ : . .� �amp�cs wldr,the fo�owing 11nsnNa!covenanta:l m18 Para9►eR.h shall not�Ppfy H cov�nants and requlrements are nat set
<br /> r _ I�arfh he�rel�j • . ' . .
<br /> � _ ' , � _ � ' � jF� Schedule otCeasAS Wltlrin ten(td)days eA'ei de�m8rr0.Tiusta�shal!fum/sh ta'8enelidary a schedute,ceRiNed t�i'by fiustoi setdng ; -
<br /> - . • . . larMi aN�eaaes oftlte Tiusf Pio�efi►.aanYpaDfai tl�reol,Mch�dMg/n each case.th�narhe of the tertents aaccupants,e descdPtlon i
<br />
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