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<br /> � 1,MUrarw�p�!� ,pound�,and M►athw oN�roa wnwo.wr Nrhd upa�n a►�+Md.p+sad a n��de+p+►nrf tlw 1'ruat
<br /> �'�IpMy, Tn�or Mhrlh�r aprwt.++�Pan wr�IM^nqt�f bY N+�MdrY.ea p�runpQh►rl�Nrnr lo A«MArel�rY�+r�+c+rivp Ibr Ih�p�y�Mrw ol
<br /> — wch dw�. riuMor Ninw��p�10 WY M f�nr�NNa�rr�and opM►olwpM 1�d+Mwn a+w�+Nd,PNad a�
<br /> �tir�or�+nd bY.�Idr ONd ol Tiu�f a Nn noo+�cl�Mon h�woR
<br /> 0� �Mo�on d f+�ynMnh'A�►WI�M�nr�Mwd b�►0����o nY d�bt,M�bYI�Y a obN�slbt�oM�d b BMMAcJr�bY Te�b►
<br /> nwY br�p/�f►�d bY b IM pM�a� a b ary Mrah ofMr d�b�M�bM1Y a abN�Mbn�b r1y adM a
<br /> mrww d�pipMciMlan wNcA .M 11��bioNAr drenl�on,dwnw lNM�ra olhrr�Mt��NoNd bp BMNNoMrY.�n�r
<br /> ,uo�,payn�a�a er.M,�d+�a�d�a a a,.ar�urK a a�»►dre��oar�.don oaM►aMn a�.Na..
<br /> � c,h��u.n..rnaa►w�r k�p n,.*tiaAroprry ar.nam r a�r+..nd�w wntoh rn.ny w,y n►.y,h oh. o!
<br /> ewMl►olary,h�w pdody owr�almP+fr Ih�aaavNy a.p�r D�ad d Tiust N�f TiuMor nKd naf df�olw��nY waA N�n io ►�p p
<br /> - ���,__-...�-- ----,-,.,� Tnuto►alnM ognN�!n wrNtn9�10 WY���b��tl»,irMbro�n�ntt d tiM Y�+t ar�d� �M�
<br /> oorKl�It st�o�h N�A AY�PP+nP���ProO�j
<br /> prt M d►�Tiwt Pro�p�ry.
<br /> - 7. H�zaN/n�woni�s.Tiu�tbr ahaA'kNp p�s b+�ldMps�nd otl�r UnP+own�nM�'�x/Wn0 a hNwAw�na(�d an fM Tiurt Pio�ry
<br /> - Mlund t►Y Nuunu+o�oanlMS sa uy b BM�sRc1uY�D�!wa by Nn.Maands NCJud�d M tln tMn"�xtM�d�d aowr+p���hd
<br /> - �h afher Aezards,cawa��vid���aftJnpsnr.l�s+u may bs rpu�rod bY Bsn�rlld+vY�ln wch�r►xxwM��nd Ibr s�oh p�dod�a mry b
<br /> � r�r��rw1 bY B�r�NdaN�P�Y o/hwrana afuN bA h bmi acalpf�tblM!o B�NcloY�p�Mat tl�sanN rrMY not b
<br /> - � carw�d a nxxlNi�d w11NoiX NAs�+i(181 days lxlo►w��f[e^noMos to B�nsNol�►Y�arM ahW baw bss psyabk provklons!n fiwnr demd
<br /> O7 tn Ibrm aco�pt�bM b Bais1M,J�ry.AAPron�x�on k►Jw�nce poJ�A ahW bo Pakl M tlw manisr Prarldrd w�d�rWr+WsAh�I�nol
<br /> � a,N not ln r�xah menr�sr.oY Tivato►m�kln9 P�Y�+M►q at Mast I►l�n(fa)daya prlo►ro tlis du�d��dle�clN b fl+�lnwrror
<br /> C� c�url�►.�►+1+dr n�v.a�.�nnr ro now oys poBc�.•and,«NwaV�a,«ra+.na►Tn,ao►ahw p+an►p�ry rum�sh a B�niMd.ry a�
<br /> � nr�wd�o�icss rnd aN pa►d Pnrnlum r�elPts ncelwd by lt In no sroM shW B�nsNd+vY a Tnuhe br Neki nspornlbl�br aNu�r b
<br /> p�y�p�n�a Ifo►a►+Y lats a damps adslnp aif o/�d�Mct h any poNcy a aria/np aut ol any latlwr d�►y kuurr�o�
<br /> �ry ro pey I�or�nY bas or damays fisund�Oa�t a br fallurs bY Trtwror ro�A�ict M�t lnsuranc�nQulnd I�nu�r.An tn+.rwr
<br /> ���-'- -� aa T,uqn►,hM�JNSaiomptnot�sbrmWtoa»rr,.u►ancsc.nlaande�n�Acl+n.B�nsllcJwm.rmak� arwsrnot
<br />_ � m�d��nxnpofy or ln p�q�s►Ibm1 by Tivalnr.Afl polal�s d Mtu►ancs and any�nd�11 nMnds ol ur�wned Pn n►i ah henbY
<br /> aer/yn�d t�6�ary a�ddlUona!s�cw�Y b►�WY�f o/fh+/rxiobtedrwps.fn the ew�nt o/BaMfld+ry s�xaclae adEAs powe►
<br /> � � aiab o�orKaha ha�rn,a!n fhe�wnt of bncJosur�,aN NyAti dtM rid lnt�rwt M Tiusb►M and to any N�aw�r►a�PaYCY fMn in bro�
<br /> ahaH Mss to trw Pu►chasw at tM vustas'a saJo a bnaloat+n sa�e.!n can o/any bss.ths l�suarw�e I�aaMds n�Y.�t Ih�optla�W
<br /> Qeneflcla►y�be alnP�bY�rY�Po+i the lndebt�dness.a any Ewt ths+ieo/.and In such orda and anaunt as BaisBcl�rY�Y
<br />,�':;. dWen►d/MI:a a�i'd 1nsw+Ance Proce�da�At the optlon d Be�neflciavy�may�itAs►bs usod Jn�p/aClrp a natodnp Ih�Tn�st P�u�rh
<br /> �' . ,�; .�a*. ��;. , p�rtla�yjr a d�st►aYed to a caidltlor►sattafaoto+Y ro Bera8clary;a a�w(nau�ancs proce�da,a�nY Po+�b��Y�
<br /> :•'•=�•.� r s l e a s s d t o�r.U M�s s B e q e l l c l�l r y a n d T i u s J o r o d►e l w lss a yres!n wrld n g,e n Y such ePp�CWon o//ns�rarws PnooMde thaN not
<br /> �rx(and p,�postpo►�fhe due da1�9 0/fhe Note.a anYlnst�lmertts oe�bd Mr the►dn,or ohanQa ths an+ount ol such Instai►Mnb.d A'�►
<br /> ! u►t ro tlw sxNOlse o/the of sNe a Wher�braclosun,NI d�Eitl�and Mt�nrt d
<br /> ' ,,,.;,lt;A�i�,� Trust Prop+y 1�acqulred by B6ne11clary pu►au P°N'�
<br /> ',,;4:,n.... � Troato►M�►al b orylnsu►enoM p►oceeds payaWe a e r�suM M dam�ye to tl►e Trust Prope►ry pdo►M fhe saN a►�cqui�►+r+dPaa+
<br /> ,t,��;�y'�Y�;�'-'�°•� ro eMSNcwl�.nd a►re��ee app+l�d 8isr ro n,e coaa and acpa�es.lnc+udlr►a attonMy r.w,urcurr.d!n co�Watinp rucJi pr�ncMd•�tl�n
<br /> • ;x. *.��;:,s'�:'-.;}��,� In Nw man►Nr andln the o►der pnovlded heroln.
<br /> . ^y< <;�,�4:-= 8. P»s�rv�tla►and MdMenanae M Tiust PropeRy.Tru90or wlll ksep fhe buikilnps and otlwr Improvema+ts�ow a MreaAsr erect�d on _
<br /> .��.j.-t7�.,�-: - _� ais rn�at prop«ry�m Qood r�p�r r�d�ivai aad w!u rror carrrrnir or�c rlaste.rrNt r:ar e�Ax are are�lyn a snu�aua►cn+►.cai
<br /> ' � �•,t;��':�'.. , ,, ca►atlwtlr►p any br !dlnp now a Mres/tar erected on and consdtuWip the Tivat Froperty without the pdo►wdtten conseet of
<br /> � �+;�i��� • ` B�neNd .will not do any ect a�hinp whkh would unduly lmpalr a depred�te the vafue M the Tiust PropeAy and wA7 r►ot�bandb�n
<br /> �• fhe 7ruat�npe►fy.Tiustor wil!not ranove�ny Nxtu►as conatlNdnp the 7�ust Properry unless the same a�lmmodlarely rep/eced wid�
<br /> „• • � � . . qlae propeAy sub/ect ro the Ilen and securRy Interest o/thla Deed o/Tiust end ol at least equa/value and r�fllty.Trusnor w/ll canpy wftA �,-
<br /> � . • �'' dl present and luture ordlnances,ie9Wadons and reqWremenfs o/eny governrrrenfal0ody whlch are app!lcable fo the Tiust Pi�pert3+
<br /> . � r �d ro the occupancy end use d�ereol.ll thls Dead o!Tivat la on e unit!n a condornlnlum a e plenned w�it devebpment, Tiustar ahpN
<br /> porl�orm all o►Truslor's obllgetlons under fhe declaradona oi covenenta cr�eatlng a goveminy Gre condanin/um a the pfannNi uMt
<br /> � ' � � �•",�:•�;� ��` devefop►nenf.the by/aws and regulaibna ol the condominium w pfsnned unll development and the consdtuent docuirwnts. __
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<br /> , '` ;;, p, �nspecticn,Ber�elkiary a!ts agents mey,at all reasonable tlmes,enter upan fhe Tiust Properry fa the purpose d inspectlon. -•
<br /> -� ..,i i,;:i:;�:,.,•.•f;';�� Benelklery shall have no dury to make such lnspectlon u►d shall not be llabls to Tiustor a M any peraon!n po�aw�lon 111t makas ar c_•:;�
<br />--� :;�.,.� :
<br />""�. � ... .,��,,�.> . , i'" �u�m�re any sucn�nspecaon. `�"
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<br /> ..,.;, ,.�i, f0. Piotecdo�n o/Secudty.!I Trusta falls ro pedom►eny ol the covenants and egreement�conte/ned In thls Deed o1 Trust a 1/any ectlon __
<br /> • ��;,.�c,.::• ,. � or proceedinp Js commenced xfitch doea a may advemely a/fect the Tiust Properry a the intereat o►Tastor a Benellc.�ary tl�ereln a ___--
<br /> � � "' fhe dtle olTiustor lhereto,then BeneBclary,at If�opdon,mey pedorm such convonants and ag�eaments,make sucb appoarences,
<br /> .�4.
<br /> � i,_,...! ' defend epalnst and Invesdgafe such actlon or proceeding end take such other acdon as Beneliclary deems necessery ro protect ks
<br /> Interest/ncluding,but not Nmlted to,dlsbursement o�reasonable atromey lees and entry upon fhe Trust PrapeRy to rnake repafrs.My �^_
<br /> ; ,, arnounte dfsbu�aed by Beneflclary pursuent ro thls paragreph 10,wlfh lnterest thereon,shall consdtute Indebtedness of Tiustor =�-_
<br /> � secured by fhla Deed ol TiusL Unless Tiusto►and Benenclery agree to othei terms ol payment,such amounts shell be peyab/e upon L
<br /> :;,,_ notice Irom BeneBclsry to Trusta requesdng peyment thereof,and shall bear lnterest Irom fhe date ol dJSbu�semer►t at tho de/auR rete,
<br /> .`�;;,�,, . ' 8 an y,aet fo�lh!n the Note,or otherwlse af fhe hlghest rete perrnlfted by lew.Nofhing contaJned In thls paragreph shall requlre y��.
<br /> �:'", . .:�,
<br /> Benelklery fo lncw eny expense o►take any action heieunder. TiusMr lmevoce b l y au t h a lzes an d empowers Be n e N c l a ry M e n t e r u p o n �wh,_
<br /> !M Trust Prope►ry as Tiustor's ayent and,!n 7iustor's neme or ofherwlse to perlam any and al!covenants and ayraements to be
<br /> °���a " • perlamed by T.vsta ss hereln provlded.6eneliclary shell,af!ts optlon,be subrogated fo eny encumbrance,Ilen,clalm or demand ����
<br /> = � � and to ail dyhts and securldes ro►the payment tAereol pald or dlscha►getl by Benellclery under the provlslona heroo/end any such ..�-
<br /> 4��"� suD►oyaUon Nghts shep be additi�onel and cumulaBve secu�lry for th/s Deed o/Tiust ''•:�
<br /> ; n
<br /> �` ° • 1 f. Condemnadon.The proceeds ol any award or clelm for damages,dlrect or consequen►lel,!n connecNon wlth eny condemnadon a
<br />;�, , , ' ofher feking ol the Tiust Pioperty,w eny peK thereol,o�for conveyance!n Ileu ol or!n andclpatlon o/condemnatlon,era hereby
<br /> ' � � asslpned to and shall be peld to BeneHclery. Trusfor wffl B/e and prosecute,fn gaod lelth and wlfh due dlligence,!fs clelm for any such �
<br /> , • �. � � �' `�' award w peyment and wlll cause the seme to be cdlecfed end peld to BeneNclary,and,should!t IaA to do so, Tiustor lrrevocably �
<br />'� authorfzee and empowers Beneflclery,!n the neme ol Truetor or otherw/se,to llle,prosecute,seftle or compromlae sny such clalm end
<br /> � • to collect,recelpf!or and retain the proceeds.!I the Trust Properry Is abendoned by Tiusto►,or,efter notice by BeneHcl a►y ro Tiustor �
<br /> � fAet the Condemnor ollers to make an ewerd or setde a cfalm fa demages,Tiustor lalls to respond to Benellclary withln/hlAy(30)daya f .
<br /> ' s , aker ihe dafe such nodce ls ma/led,BeneNclary/s authalzed to co!lect and epply the prxeeds M the manner indlcated hereln.1'he �
<br /> ' ' proceeds ol any eward or clalm mey,alter deducGng ell►easanable costs and expenses,lnclading eftaney lees,which may have
<br />.,:�:. � been lncurred by BeneNclary!n the collectlorr thereo/,at the sole d7screHon of BeneNclary,be released to Trustor,appl(ed to !
<br /> :..��;.:. � } rostoraflon oI Tiust Properry,or applled to the payment o�the Indebtedness.Unfess BeneNclery and Tiustor othenvlse agiee!n wriNnq, y
<br />' �•••.�� �uty auch eppllCetlon of proceeds to Mdebtedr+eas ahall not extend a posfpone Me due dofe of 1he Note or the peyment ol any ( ,
<br /> ��<.,.•!;., ...,�:• +
<br /> ,;.:�„ , ,:- .. lnstallmente called/or Mereunder.
<br /> ,•..;.,�,. :•.,:';�' ,. <. .
<br /> � f2. 1'rustor Not Re►eased.Extenslon ol the tlme!a paymenf or modiNcadon o/any amo►Nzatlon ot fhe Indebtedness granted by BeneNcla►y �
<br /> �.,.�,a.�...�r.,,oa,.�►,n��nn�nnarerA to relaase.ln anv menna►.tlte UablUtv ol Tiustoi end Trusto►'s suCCessOrs In �
<br /> - .;� �' ,�) • �• �,�,. fntAresf 8eneticlary shal�not be►e9ulred to commence proceedings agalnst such successor or re/use 10 extend Nme lor paymenf a �
<br /> ' � � �• � . ,;l��:: othe►w/se mo�fly amo►tlzadon ol the Indebtedneas by reason ol eny demand made by T�usror and T►usta's successas C
<br />_�_� ° . ,'.i�y Inlnb►ost �
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<br />-- ` ';i,�,,tr,� . ,,` �t f3. Hnancla!InfamaUon.Upon request ol BeneNclary,Tiustor wlll provide ro BeneNclary,wJthin Mnery(90)days ol dre cbse o/each�iscel �
<br /> ' '��� �,�`r ' ywar ol Tiustor,the consolidated belance sheet end statement ol eamings o�Trusta end any and a0 guarenrors o/the IndeDtedness .
<br /> � `:.^���:3;?;;},;r"��.• � '';y;•. secured Aereby,ll eny,and wlll provlde and de!lver to 6eneflclary auch other Nnancle!Inb►madon and!n such menner as BeneNclery
<br /> `. . ,;.�i;..-�.�:;..:. •',•.,;,,.:1 may reasonably iequQSt Irom tlme ro time.
<br /> ';i.;i!.,+ �, {:•::,�j��,n:,Si;�:'::�,�.?�,1>�4:' .
<br /> �;,;.;,;•,,.,J1.�,;,..ti.��c�,•: 1�. Flnanclal Covenants.In addltlon ro any othe►Nnanclel covenants ol Trusfa made!n any ofher agreemenf,lnstrument or dxument
<br /> •� ���:;c::= .��.. �., ,. . � Trusb►shell comply w!d►end shall cause any and ell guarantors ol the lndebtedness secured hereby ro comply wlth,w be In
<br /> ,�' '��:""`"'���'•• • • compllance wltlr,fhe folbwlnp Bnenclal covenants:(Ih/e parapraph shall not appry!/covenenls and roqulremen►s are not sot
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<br /> �.•�r��;:;'.::;�','.;f� �•.....� lath hareln.) �
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<br /> � �G•.' '�:�^:.;;; f6. Sclwtlule o/Leases.Wifhln ten(f0)days e/fe►demend,Tiusfor shell lumish to Benefldary e schedufe,cerHlied to by Tiusta,setUn.g
<br /> � �� • lorth a!1/eases o/fhe Tiust Property.or anY po►don thereo►,lncluding!n each case,the name of the tenents a occupants,a descdp6on
<br /> , of dw space occupled by such tenant a occupant,the rental payaWe lor such space,and such orher Inlormatfon end documents Kath �
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<br /> . •nspect to such leases and tananclos as Benelfclary may ressonabty request.
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