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<br /> = TO PROT�T THE SECIiRRY OF 7HI�'tRUS'd OEEC:TFiUSTOR HEREBY COYH�NTS AND AQREES/LS Pf3LL�Y11S:
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<br /> — - — --- - --- - -- • •�-•---..•-�------s,.�„�...._
<br /> _ - t.►AYI@fi OF�.�M.AtiO YiTE�RT.TrUStOt stull ptditpUy piy w-hen diis�1s pr�nc7prl�t an0 iaierwi an�.�v s■+w.w..o...,�...�„�....j , --- - -
<br /> . m.t�lou.ann a�i ah.r eturQas aoa�.es as prowaaa in ene Mate.ana uie oH�va►of and��on�y ful�.Aavanees a.wr.d br uds T�st fleea. .
<br /> 2.INAI�IANTY OF TIT�E.�Ttusta i!tawh+Mr asized ae�d P��9��d Indsteesi�DN title and eante io ths PmP�Y��l►��71ed�nd :
<br /> Ar fA��t 1Q�ant and c9nvell!hs Prap�r�Y:Ms Property,is tre�u+d ciser of all t'iens and encurtibnnees ezeept lisns�ww ot acarQ:�rfd T�uata wip `
<br /> -� — w�rnnt�nd cMNnd th��to th�Prop�rry iyaTntt a9 ctairt�s and QertWnQ,s. . _ � • • -------
<br /> 3.MArf TENAMC�A1b C01�L1A1iCE tA1fTM LAWS.Trusta at�aA keeP��Y in�ood repair�nd�on and aAsN not eamnk wa�t�or psrmit
<br /> _ inp�km�nt ar delsrbr�tlon af ths Rop�ry and ahall oomPhl witb the provisbns oi any teaae if this Tru,qt Oeed is on a tsosehoid.No improvs+nen new ` '. �_
<br />-"� . a h«MfMr K�ctW uponfhs Prapury st�ti be altersd.remored a aertidished without the priar written cansent of Bsnefiefary.Trustor shall oanpy wiM -
<br />-=-_- aM I�ws.otditw�ces.n�tions.�nants.�aoditions ar�d.tasOrictlora atMcpnS the Propetry and not commN.auffat a psrtnit anY+��bs dd�s fn ar =
<br />"::�t, Won1M Propwry ia viahtion of any law,ardk►anes,regutation.covenae4�on or[estrictlan.TrusOOr ahaN eonMteU�a cesAore PromP�N��9� __._
<br />_-.�;:-. . wora�w�Wcem�neran�r��+�«rtunn,ePropenywtKa►mayrb�dan�ayedadeetroyWanapayr.wn«�a;e.auclai�iiarortaborpsrrormeean6mfte�i�ts --
<br />�'';�?,- turniYNd M�rabr ana iot any alONations thaiaot. � , . . ��
<br /> - 4.MSURA�ICE.Trusior.at its exp�nss.will rtwintain wiM tn�xars approveQ by Benstictry.insur�noswith respsct m ths imxovanents and pe,rs.onai . , _— --
<br /> prapwty.aonafiW6rptf�Prapwtli.ag�bss�7►����].�rnado.irlQa@�stP��andhamrQscaacadbys�ndaidsxtenda�doorera9e�:da�samei�z.. . .;- —� -
<br /> in an amount equal to at Na9t ons hundtsd P��t���)at ihe Iuit roptaasnent�ratus theteoi euAd ir�suar�c.e ayaitut aueh ottwr fia:ards and�t suct►.:_?� ' —=_.�_ -- _ -
<br /> 4 art�our�as is cuftommriN t�risd bf►ownersaaid aperawrs of simitar ProperCes ar:as Bertefi�aryi maY�quke la its p�otecGan.Trustar w�t aa�rwRh`�• _....�.l=�-:=--
<br /> � auchotl�er�qukem�ntsasBenbficiarf►maYf�mtimeroUmerequestfathepm[ectionhffinsu►ancsoftheintere�tsotthsrespectiveP�ties.0l�inanra�xx �:�= ..
<br /> • pd'�1as maiMaineQ Purswnt[o thi�T�t Deed shalt name Truata a�9�+e�Ciar3►as��SUred.as their raspectire inte�asts maY appsar.and Arovids that ;a;;`1,�.
<br /> - - tlbf�bsoocAt�adanotmodifitaGonwiUtiutatl6ast/5daysD��a��b7tustesindBM�eArLrl►�YR�s�hi�rar�csinaoowduiof ,4',=:�_
<br /> ;.^ witA th�provhia�a otPan�rapA 8 hereof.Tnu�or shaN def'rver�$en�c�azY ths ariyinel pdici�s ot peaxancs and ranewa►s�eof a memo copi�s oi ` • '_--
<br /> - , wch DaGCiea and renewala thKeal.Faiture to lumisA auch insuiaixe tiy�r,istar.a renew�ts as�squksd heraurWer atwill.at tAs option oi Bsneftc�y. :'�=;.`°
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<br /> ' '`'� - S.TAI�.A�E�ENi3AlOt�iAHGE�.trusdoralla�payalltdxe0.a�Senddlletct�arga.M�ckidirg.wilfloutFmipUiOn.flnesaMuffposi6ons �� , f.:'�'�'.�-.
<br /> � attributabls�thsPrapsrtyandlea�statdpaymentsagroundrante,ilarry�befaethesarnebeeomsWNnquentTnutarshallpranptyfumishtobenefrciacy su`
<br /> ' allnoticesatamounisduaunde►thisparagaph.and inthe sventTnutorattaltinake paymentdhectty:Trustor shall promptfyfixnishto Benetkiaryr receipts
<br /> - _ • - - - - u n a inDxeat h�enin a eipon thie T�st Deed • • ��_ _•.,..'``�..
<br /> , �;r�;;. evidenGnp su�fi DaYments.Trustar shall pay atl taxes and assessmenTS wAicA may tie tevied Do �Y` .
<br /> . �;�;. wfthout repsrC to arry law that may be enac�0 imD��9 PaYment ot the�rtmie a any Pe�thereof,upon tlte Beneflcia�Y• ,
<br /> � d.A O D i T 1 0 N A L L I H l S A t 1 O PROTECTI4*�1 OF BENEFIt:MtiY'S SECURiF�.Tn,sta atull makeall paym�t�of intereat and principat an0 payment�� � r:.,`:',��=,=�_;'.�
<br /> . • o/ aher charge�,fees and expenses ar.�'�ded to be paid to any existing or suGaequem liephoider a benetleiary.under aml existing ar sudsequent �` f
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<br /> . ��?°'r-•� , ma�Qs a mut deed betore the Aate they are ctelinquent ar In defautt,and pramptlY PsY aad�dirctwge a�ry and all other liens.ct�ims or chupes wh�h , ?� '�:_
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<br /> may j�op�rdizs ths�scuriry granted t�erein.If Trusta f�its to matce arty such paymer►t a hiis to psrtam any/of ths eovsnants and sigrsemanta contained �, ,. Q ti,• _
<br /> ' '" ` in this Trwe OseO.or ths Note reterted to hurein.a fi any prior a subsequent trust desd.a(t arry actlnn a procesding is canrnencsd wtUeh materi�ily �*.;�...:�.�:��:�--
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<br /> atfscb 8snefi�lary'a intereat in the Property,including,Aut not limited to,eminent damain proceedin¢�.procesdingf ipYaiving a deceden�rtotics of s�fs � ,.,�Z,:_
<br /> ., byTrutae.no6csofCefauNbyTtustes.mor'•gagefaecMosureacNan.aifTn�sSaffaitstopayTrusta�'adeb4sgeneallYastMYbecartbdue.thenBa�NicinrY. '� ft.'• �.-�--
<br /> � " • �- . "� aiBsn�fiaary'sOptianandwithoutnoticetoorclemanduponTtustorandwfd�amefea�inpTruslortromanyo6iigWionMrsmWer.maYmakesuehapDe�rance�, ' �±�:'�''. : �"'-�—
<br /> '. r., '+E'n: ' dit�xte aueh auma and qke Sueh acHon as is necessa�y to protect Babfici�f�s inlere�t,induding,but nal INNtad to.Bs6�raertia�t Ot ts�tanaWe atton+9v�s - , . �•'
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<br /> � faes,psyment,purchase,casrtestor compromlae ot any encumbrance,charge or Cien.enby upon the PrapKry to m�tce repairs,a dscl�ration oT defwft . ;�3�
<br /> ' �'_%%� -�a undsr thisTnut Oaed.In the event that 7rustor shail fail to procure insurance a to pay taxea assessmenb.a any other chazges ato maks any payments � £3
<br /> - ��'{`.�'.':.� ` � to any�isting a subsequenf Iianholders or existing a subsequent beneficiazies.Beneflcfary may procure aach insurancs and maks such payment,but ; '.. . a f
<br /> x V';.�:�'� ahall not be abligated m do so.My amourttsd"�sbursed by 8eneflciary pursuam to thls Para�aph 6 shall hecome addi6onal indebledness of Truator�ecuted • � �
<br /> ` .' � by this Trust Oeed.Such amounts shalt be payabte upon nottce irom Bensficiary to Trustor requasting paymerrt thxeot,and shall Daar interest ftom the • :�.;
<br /> + Cfts o1 di�bw�aneni at the rate payable from time to time on putstanding prindpal under the Note unbss payr�ent ot interest at wcf►nts wa+id be conharY =`•"
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<br /> . 'M1�",�`'' toappiicable taw,in which event such amo�mts shall bear interest at the hlghast rate permiasibte undeiappltcabte law.Nothing contained in thb Parayraph ,_
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<br /> �` '��+"�, 8 shaU require Beneficiary to incur acry expense or take any action hereunder. .: ��'''_
<br /> �'�",t. 7.AgSIGNNENT OF RENT$.Beneflciary shall have the rtght,powerand authoriryCudngthecontinuance olthisTruslOeedtocollect the renta,iswes ?;�.=��°�
<br /> '' � •+ „ arb proflt�of the PropeRy and of any personal praperty located thereon witb or without taking possessian of the property aNeeted hereby,and Tnnta . _
<br /> r,r-,.�__ � ; heraby absolutety and onconditionally assigns ail such�ents.issues and pcofits to Beneficiary.Beneficiary,however,hereby conser►ta to the 7rustor'a , •• � : . .
<br />_ ' �,.:; `'� . � collecNon end retentbrt o�s:r.R rents,issues and profits as they accrue and becoma payabte so Iong es Trusta is nol,at auch time,In astautt with�espect _.
<br /> •,• `}." ���. . to payme�t of any IndeDteC:�sss secured hereby,or in the performance at any egreement hereunQer.Upon any aucN defautt.8erteflciary may at arry time, ,
<br /> � �'�: � eitlbr In person.0y ayant,ar by a receiver to be appointed by acoun.without noUce and wlihaut regard to the aQequscy oteify aecurity fa ths indebtednas� • . •. . � � �,
<br /> ��;A"� , � hereby secured,(a)enter upon and take possession ottha Pmperiy or any paA lhereot,and in its own name sus fa a othe�wiss coliect sucA ranp,iseuas '+��: #•`--s;Sf~"
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<br /> '�."r;:;,;�; ' and prolKs.includingthole past Cue and unpaid.and aPPly the same.tess cost9 and expenses ot operaNan and coitscqon.Includiny�eatOnablb atfonuy'a ' ;�,.':r , i ..�,-.
<br /> �-°�.='•; fNt,upon sny indebtsdneas secured hereby,and in such ader as 8eneflcia msy determine;(b)psrtam such acts of r r a o[ection as m�y be *f'a'O'`•'`
<br /> ►Y � Pr ' •:,j:.•.` .. �...;`._ ,
<br /> °*':',i�`� • r�ecsasary a proper to conserve the vatue of tha Property;(e)lease the same or any pan thereof fa such rental,tam,and upan sucb conditbns aa its . =�^3?- '.
<br /> . ���'�'�'� �udpment may dictats,w terminats a adJdst the termn end canditians o}existing teasee•Unkss Trusta and 8enefkiary theraof a�es otherwiss in v�rtitinp, �. •
<br /> '`�� ��`!'�� any apppcatlon of�ents.�ssues a proNta fo any indebtedness secured hereby shall not extend a postpoas the Cus data ot ths instaliment payrments aa .
<br /> ' provided in seid promfssory note a change the amount o±sueh lnstallments.The entering upon an0 taking posaessbn ot the Ptopsrty,the coltectlon
<br /> �n ,,?�,, � of such rents,issues end proilts,and ths�s,�ltCBtton thereot as a"ore9aid.shall not waive or cure any defauit ar notice o�detault hereunder or invalidate � � � �
<br /> � ..:� :�:�;; •. any act dong pursuanf to such notice.Trr;;tor atso assigns to Benefidary,as further security for the pertormance of the obligations secured hereby,all
<br /> '���,,;,;�� �. .' prepald rents ena ell monie9 whicb may have been or may hereafter be deposited wlth eaid Trustor by any Iessee of the i�roperly.to secure the payment
<br /> E., , • of any rent a damages,ar upon detauN in the pertormanee of any ul tne provislons hereof.Trusta agrees to deliver auch rsnts and depoeib to Bensficiary.
<br /> , .' �".,;•:';•� Oepvery of wrltten notice o�BBnetiClary's exercise ot the rlgbts granted herein,to any tenanl occupying aaid pteml�sha11 be suflicient to fequUe aaid • .
<br /> � tenant to pay rorn to the Benetciary unt�i fnrther notiCe. �
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<br /> . 8.COl�fAT10N.It title to any pdR o!tne Property shall be taken in condemnatlan proCeedings,by right ol eminent domain or aimifar acNon,ot
<br /> ' : , • ahatl be sotd under threat of condemnaUon,all awarda.damages and proceeds are hereby assigned and shall be paW to Benetklary wtlo shatl appty � . �
<br /> sueh awarda.Camages a�d proceeds to the sum secured 6y this T.us�Oeed,wrth the excess,it any,pald to Trustor.M Trustor recetves any noNcs a �
<br /> othei i�lamatiort regarding such aCtions or proceedings,Trustor shall yve prompt wiitten notice ihereol to 8eneliclary.Bene}Iciary shell be entitted,at �
<br /> • � : Itsoptlon,to commence,appear in and prasecuce in its awn name any such action or praceedings and shall be entiUed to make any compramise a settlemenf i
<br /> . . . � in cannectlon wlth any such actlon a proceedlnp. '
<br /> , '±'� � 9.FUTUNE AOYANCES.Upon request ot Trustor,Benefieiary at Beneticlary's opNon,pNp to reconveyance of the Property to Truatpr.may maks i .
<br /> +�•�- -•�� �- Wture advancee to Truatar.SuCh future advances.wNh interest therean,shall be SecurYd by thl!trust Oaed whan evideneed by ptomissory notss ataUnp t
<br />, that seiA notes are secured hereby:pravlded that at no time shall the secured principal an0 tuture advances,nol inctuding sums advanced to protect i � .
<br /> � . ' the secunty,exceed two hunEred percenf(200�io)at the aNg�na1 pnne�pal amounts secured hereby. � � '
<br /> � � 10.NEYEOIES NOT EXC WSlYB.Trustee and Benehciary,and eaeh a(them,sMaU tre entitted to enfrnce payment and perfamanee ot any indebtednes� •
<br /> � � � ' a obligatlons secured herehy and to exercise a11 nghf�and powers under th+s Trust Oeed a under any other agreement executed in cbnnection herewith ;.
<br /> ' � • er any taws now a hereafter in torce,notwithstandmg some oe all of the sucfi InQebtedness and obligaNOns adeu►ed hereby may now a hereafter f» �
<br /> . .� � " otNerwl9e secured,whgt�er by mortgage,trust dead,pleQge.Uen.nssignmenl or atherwlse.Neither the aeeeptance ot this Trust Oeed na its entaeement i '
<br /> • � whetherbycourfacNOnapursuaMtothepowerofsateaotnerpoweraheremcontalned,shaltpre�udkeainarrymanneraftectTrustee'soreenetic�ary's i
<br /> __. _ �.�::_,_• ��ght tQ resuze upm►a entaee any ather secunh►now a hereafter detd hy Trustee or Benel�etary.�t beingagreed ihat trusten ana Henefletary.and eaeh i_..�_�.v_____
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