|
y r�
<br /> _ .,
<br /> �' � . _ . b_ u ` _ . _ _ _._.. _.__—_
<br /> . _
<br /> .. � , -
<br /> - � �a�ilfdll��_,y�i., v_ �."�__"n -. ... _.. ._ .
<br /> ; . . . _' `"c"_ . . . - . .. / . � . -
<br /> i ia�•� .. . .-.
<br /> wch chuyer.Tiuttal(kewpep9raas to payWllaxes,psaaasmrnh end other ohvpe�bvled upcn a�es�sffu,W�ced am�ds:
<br /> �pYnaF,am�a+uiM by,Wi ONdo►Trwf a rh�recatl�tlpn hereol. •;
<br /> �. llpWcqtlWnotP�ymwiM.Nlp�ymrntancNv�tlbypBmNficl�ryuPolV�Yd�W,N�b(fiyaadl �tlp7odw�Wbrto6R,Yn�y0lakfouW�rDyTiNtta
<br /> �NYadaaman��epA����wn��9anertclorylnnai6 dNi4tl�iiatlon dsimi�ipprourhr1iis.UnHiaotMnvl��DwV��!d
<br /> � byB�rtblPG�ry.uryeUC�p�Y�^tehUIDsMImMMA�.R��fotlNp�ynf�ntol�nyd�G,ll�bN�ryaoAllpeWnWhwthrn � .
<br /> M�Ind�6ndnsre,
<br /> 8. CMrWe;llena iruabr wlll kaep fhe Trusf ProMrN h�s liom dl ti�nf rntl encumDrancoe wAlchla eny way may,in u�s/udpm�nlol
<br /> BensHciery,hava pAOrtry over,almpairMe securlry of,fhW Dyead of frusl bul Tiusror neetlp nol dlacAarpe eny suCh Ilen eo lonp aa
<br /> omtesf�u�^+�enDyep rop�lete eg IpixeeC�ng efkotlwb(opre�entthemnfacemeentofdallenmdfhelo�aof�y nNnat�a�rh
<br />. . -' pul olOreTrusl Ptoporty. ^- . .. . . . .
<br /> Haud Insurence.Tivafa ahNl keep tlro buRd�np�and otlror Improvementa now edsunp orhe�eaher ereotetl on Ne Tius�Properry
<br /> lnsurWDylnsumnCaCanlersaatislectory foBamrfiGaryapNnstbss6yOre,hazordslncWdetlfnfAeterm"sxfendedcove��ge"uM
<br /> """� Such UMrhuerds,casueltles end contlngenciea es may be reqW�ed 6y BeneAClery!n such emounts end lor auch petloda es may be
<br />..`.�,� roquliedbyBenefidary.Thepdfcyollnsurenceshallbalnlormecce IaWafoBene�clary,provldethalfhnsnmemayno�be
<br /> -_— cancelledamal�lledwflMutfirteen(f6)deyapAo�writtannollcato�'enenaan-.entlshenhavelwspaye6lep�ovlslonslnlavo�ofand
<br /> - -
<br /> '�°�- !nlam aaeptaWa to Benellclary.al p�emlums on Insurnnco poiiGes ahall ba paidln Ihe manne�provlded under paregreph 3 he�ao -
<br />�-`°'F�� � p,Onofpald In sucb manner,by Tnistw(neAlng poyment ef IBasf 6rtaen(f6)days pdoi to fhe dua dale,diieoty ro the Insurence �-
<br /> -� canle�.BeneBGaryshallAaveNadghtroho�tlthepo9clasend�onewalsfhe�eolandTrustmshallpromptrylumfshroBenelic7aryan -- --� --°°�`
<br /> �yr;� / renewal noBCes and ell peldp�eMum�ecolpts�ecoivetl 6ylt In no event shsll Benefkfary or7rustea be held responsfble lorlallure lo K � __ .
<br /> ?� M paylnsureiwep�amlumsorloienylosso�damageeASingoutoledelectlnanypoltcyore�lsingovrolenyla➢weolenylnsmance �,,,�� ,�„ea.
<br /> '"" � compenylopaylo�anylossordamagalnswedegalnsfo�forla7lurebyTiuslo�toaHecffA9lnsurencarequ6etlhe�evntle�.lnlhoevanf ��;� _
<br /> �� ollass,TnutorshallgNep�ompinolkeOymelllothelnsurenceca�Ae�andBOneficlary.8onellclarymaymake proo/ollasst/not �F _ _
<br /> """x,� madepromptyorinproparlormDyTnu�oaAllpollGaso!lnsuranceendenyendellialundsoluneamedpromlumserahme6y __ _
<br /> essl8nod to Ben9ficiery as adU'Nonelaecudrylor Iha paymant lor(he IMObladnass.In the evenf ol Benellde�s axa�clSe ol tho powa� ��
<br /> °�^y,,'._�� OfBAleCOnlAfnOtlhOrO�n,oNnlheevonro!loteGaSUie,alldBht,GUeenUinteresrolTrusrorinendtoanylnsurencepollcythanin/orca �'
<br />�-...,�;,;•.: shall pnss to lho pwahasor at tho tiustoe's sele orlareclosvre sale.M caso o/anyloss,fhelnswence p�ceeeds mey,ef tho option ol ,_.:�*,,..
<br /> ._ y�F, Beneficlary,be eppllod 6y Benofidary upon Iha InAe6tedness,or any part Ihefeof,enCln such o�Qar entl emount es BeneACrerymay . ,
<br /> J ,�_3 tleterminB;or asld Insu�ence p�ocenda,et Ihe optlon o!Beneficlary,may ollhe�tio usadln�eplacing or�esroAng fha Tiusf Properry -.__
<br /> ..:),k,- ,, pertlalyortotalydasWyodtoecontlilionsatlslactoryfo�onelldary:orsefd7nswancop�aeeds,orenypM'onlha�eof,may6o ° s�1'��5„-�..
<br /> � �e!eased fo Tiuslor.UMess BenollGary end Trusta olherwfse agreeln wAOng.erry such epplkeUOn ol ins�vnnca p�oceeds ahall not � _
<br /> ;.,;�,,.��` axlantlo�pastponafheduotlateo/theNore,o�enylnstellmantscellodloiNereln,orchengelheamounlolauchlnstellmenGSJflhe , - �i _ �_�,
<br /> -� -% Ttust ProAe�Y�s ecquiretl Dy Bonof�clary pursuant to we exorc7se ol iha powar olsale or oHe�laecloswe,ell dght,tiGe entl lntorasf of , ._
<br /> ,, h�` TrustoNn end fo eny Inswanco praeads payable as e rosult o!damaBO to Ne Tmsf PioparlyPda fo tho affie m ecqufsftlon sha�l pasa � ?
<br /> ; `e�..
<br /> ^� > M Bene�dery and sha!1be applied lfiet fo the catts and oxpunsas,fncluding attomey/oes,incmredln callecUng such procoeds,lhen <,,! - , --__
<br /> � `� in Ne mannor end tn fhe ader p�ovldad here7n. --.`-'�q "��i=:
<br /> �
<br /> - + �" 7, piesorva0on end Melntenance o/Trust Property.Tmslor wlll keep fhe bulltlings entl o(hoilmp�ovemeNS now o�Aeroaltar erectatl on t� `��
<br /> 7•' Ne Tnisf Pioportyin good�apelr nnd eondi0on end win not commit or pe�mit wes�e,will no1 epe�1ho desl8�or a6ucMel chvecler L -__
<br /> � x�Ch::^g en;N.t�!d!%!g rew a hn�AAeu erocterl on end co�ulilutlnp Iho Trust PropeM��ou�No pdoi wdlien consent of .i er _
<br /> +-���.i BaneflGAry.wlll noi do any acl orthing whlch wovld unduy7mpaii a dep�adate fhe valuo of ine Rust rroparry and wiii rroi nuarwr ' t T _
<br /> -- ��b-.'� Ne Tnibf P�operry 7rustor w01 not�emove eny fia7uras consGNtMg Ne Tmst Property unless IAe same ere Immadlately roplacotl wIG� „....r, , x,, �-.
<br /> - like propony sub/OCt ro 1he Ilen end secvdry fnterast ol thfs Doed of Tiust enU of nt loast oqual velue and u6lity.T�us1o�wnl compy ,--;1!:°7:h*�•;^�:,g..�
<br /> � _ w11h ull p�asenl entl/ulwo oid7nances,rogulaUOns end requliemen4s ot eny govommenla�6oUy wNch a�o epp�caWO lo the Tmst > - ns'" >� t���_,.•
<br /> Proparyand to Ihe occupancy entl uso thoreo1.111hfs Deetl o!Tms175 on e untt7n e wntlominlum or a plannad un(t dovolopmenl, _ .�� �
<br /> liusfo�sheil peAOrm e110l Trusror's o6ligatlons undor the tlecluratlons or covonanls croating o�govorning Ne condominfum -',f�;,'1 U��G-i.
<br /> � o�1he plonned unit dovelopmont,fho bylaws end�egvlutlons o!tNO condom�n7�m or plannutl unif developmenf,end the `�' y
<br /> � cona6tuentdocumanls. �� '
<br /> t[t ':
<br /> ��- 8. InspeCtfon.Bene�clnry a Its egents may,at eq reasonablo tlmes,en(er upon Ihe Trusf Pioperty lor the pu�poso oflnspoCflon. sT t .
<br /> � �r��-�` OBneOclaryshall have�ro duty ro mnko suchlnspoction and shall nol be Iln61e fo Trusta a to ony poison!n passosslon IIIt makes or
<br /> S ' r ��r
<br /> ��k : lellstomakeanysuchlnspec0on. r
<br /> � - 9. Pioroclbn o1 Saurity.Il Tius(orlalls�o pedam ony ol tho covonanis entl ng�oemen(s contained fn fhls Deed ol Tmst.orll any eciion z 1:
<br /> �T�y<�-.�': a p�ocootling is commencod which doos a may advoisery ellect tho 7mat Propetly or Iho Interest ol Tiusror or Beneficlary theioin oi ' t ,`•.
<br /> '^^,�� No tiIIe of Tiusfor Ihorelo,l�on BenellGary,et its opGOn,may poAOrm avch covenants and egraements,mako such eppoarances. -� �
<br /> ` '`
<br /> _ -�- ,� delond ogalnst entllnvesltpale such nclfon o�p�oceod%ng and Ieke sucn ornei aawn as BonoliGary deems necossary ro prolecfl�s , �
<br /> M1-- -�� lntore8f Including,but not IimNod fo,tlis6ursomonl ol�easone6(o ellomey�ees end enlry upon Ihe Tmst Piopeity 10 make�epairs.My - : \ ,'.
<br /> emoun(s dlsburaotl by Boneliclary pwsuanl to fh(s pareg�aph 9,wdhlmeiesf lhoreon,snell conslilute Indebladnoss o/7mstor sacurod .- r +
<br /> �-" ..-. rZ 6y fhfs Dood ol Irust Untoss Trusla and Benolciary egieo W olher tarms olpaymonL such amounts shall bB paynWO upnn notfco , ���� �� '� �
<br />-- Irom Benefldery fo Trustor requesfing peymont lhcreol,end ahell bear fntorest Irom Iho date o/dsbursoment ef Ne hfghostlnfmos7 �="�'i;�-`�-�� �-.'`:z�
<br />-� �ete pormilled 6y law.Nothtng cnnfalnedln fhls paragieph ahell requ6o Benoliclary(o(ncur any exponso o�leko any acUon horoundor. _�.-�;_.,?_'r.:}.-
<br /> -� :•i:;. ��� Trustorfaevoceby aNho�izes end empowers Bonoliclery fo en1e�upon fhe Trost P�oporty es Trusfor'a agont ond in TmsloYS namo or � ,.i;-� �. .:
<br />�_ �;;' =- olhonvfse to paloim any entl all covenanl5 antl egioomonts to 6e pedamed by Tmsro�ns hoiefn provldnd.Benolicfary shalf,ol i1s - 'y;+��:}
<br /> op6on,bo sub�ogeted(o eny ertcum6ranco,lion,claim m tlemand end lo all righ(s and securilies lor tho paymonl Ihereo!paid or . ��,
<br /> tlischmgetl by QenefiUary unde�tha provisfons horcol end eny suth subrogallon nghls shall 6e eddlionai antl cumulafive secunry for ._
<br /> fhlS DeBO0171us7.
<br /> :!'� f0. Contlomnallan.7no proceods ol eny ewaid or claim!oi tlamagos,tlrmct or consequential,in connectron wirh any condomna0on a -
<br />��� - olhor taking o/tho Tiust Piopurty,or eny part thereol,o�lo�conveyanco m lieu ot oiln en6elpefion ol condemnelion,ere hereby �';�� � �
<br /> -.�� ��, asslgnod lo and sh&11 bo pattl to Benuliclary.Tros(o�willlilo end p�asocuto,in good/eilh entl wilh due d/ligenco,its clafm!or eny such . -
<br />- �`1'�" awerd a pnymonl,nnd ivill cause lho samo to bo collacled and paid 10 Bonolidery,antl,shoul0 i11a11 ro tlo so,Trusror Orevocebty , �
<br /> ��l'����'��' eulho�izes und empowors Bonofidnry,In 1he neme o!Tmsror or olhenvtse,ro Ido.prusecute,sollfo or comprom7se any suth clefm ontl �.,_
<br /> ��f,p'i4 .� to cofloct,reee�pt lor ond ie(ein 1he p�ocoatls.I/the Tmsl Propertyis abandoned Uy Troslor,or i!,elter notice by Boneliclary to Truslm .��;.;� ���:
<br /> - -'- that the condemna o��ms(o make nn award or seltlo n clalm!o�damages.Truslor fa�ls ro respond to Benoficiary wilhtn thtrty(30)days �
<br />-- etter fAO da(e such no1"rcc is maded,Benofidary+s aulhcWZed(o rd�eN nnAOppy ine p�oceetls m 1he mnnnei��d�wted he�e��.The �
<br /> � - proceeds o(eny eweid a cfeim may,eRer dotludrng a71 reasonable wsts nntl e+penses.mclud/ng ar(omoy/ees.�vh7ch may nave k -
<br /> -- � been incmiod 6y 8one��iary in fho co��ecfian fhereol,et the solo tlrscm6en o!BenoLCiary.bo re�casetl(o Tmsro�.app��od(o � .
<br /> resroretlon ol irust Proparry.o�epplied(o�he peyment o/fhe InUObiodnoss.UNess BoneGCrary enJ Tiuslor otnenvise ag�ee�n
<br /> wrifing,any such epp��cation o!procueds ro Indo6ledneu shn�l no�extontl m posfpono the due tlafo of my��sle�lments ca��edlw
<br />- �' unUe�Na Qua�anry. �
<br /> ` �'� 1 f. TruSlor Not Releasetl.Exlenson o!tho fime lor paymoN or moddlca(ion of ony nmotlrzaGOn o/Iho Indebtetlness gian(ed by DeneGc�ary �
<br /> fo env suecessa In inferest ol Tms(or Shall not upa�sle(o rofeaso.in eny manne�.tho Fa6ilry of Tmstor antl Tmslor's sutcesso�s�� �
<br /> � � mterese Benoficiary shall not be required ro commonco proceeamgs egamst sucn succussor or reiuse io o.;ar.o t����>%u"r=�R�•�� �
<br />. ofAerwisu modity amortizellon o!ihe Indeblodness Dy�oaso�ol any demand made by Trusror and Trosto�'s suttessws��inlorest. ,
<br />- � f2. F(nancfal lNO�malion.Upon ruquest o!Bennliciery.Tmsror will p:ov�de to BeneGnary.w�lhin ninery(90)tlays ol�ha closa o�each hscn�
<br /> � � � yoar ol Trusfor,Iha consohtletod Dalenca shaot entl steremont of eamings of Tmstor,and�vlll prov�tle entl dehver to Benol:c�ary sucn ;
<br /> .- olhor finandal(nformaBOn end in such monne�os Benofic7ary may reasonaAy requost 6om fimo ro time.
<br /> :-� ��" - 13. Flnunctal Covenants.In adtli6on to any other 6nanda�covenants of imstor modo in eny othei eg�eemenL mstmrnent.or tlocumanL
<br />. - r � TNSfor She�i Conlpy lydh oI 6e in Complia�o wilh,fhe IolloNing financial CovOnants:phls purag�aph shall not eppty�I covenants and
<br />.. mqolramonfserono(sotlon�horein.)
<br /> I
<br /> . , i
<br /> :k'n '�
<br /> .. ' _.�
<br />. ..��.( ' - . .
<br /> .. "•�t�l:.
<br /> •.
<br />
|