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<br /> "', , `..••y_ �- " - - - - ............ .. .. .- __ _
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<br /> - L�,.;;�'•..�,th:x�� M8C@dtY�
<br /> = a�uoh c,�ar�Trusiar Wc�►#��Qtresto paya�tax+a.auas�n�ts and o�r�dr�es ls�nled�part a asseased.
<br /> ___. __ _ �ovm�by.GYxta1ldatTruaEath�rscordafionh�►�01- . `
<br /> `'r- --- ,�,� �pp��r�tpa�nb.�{ijpeyrnlRtsr�CeNsdbyBer�detYastbartydt�4�N�ccblYgaOOnowedtbBKiefi4t�►bY�n+stqr ,
<br /> ��:; . a eano�wvr�aye�eppi�id DyB�rt�far�►to MsvaYmeiria�Na�de�d�asro arysuct,oarer o'eb4 6abeFCj►arct�fgabar.
<br /> '�` � in�rrsr crWt armmarot appicadon wlBc�BerrMcfarY.(n tts ab�uts di�+►.daems approp►iate.Ur�tess a�ewEss e�tcted
<br /> :��� �` Dy6�r1�liCiarY.anysuct►paymentshaqDedeamedepP6edsrot[otltspaynrenEOEanYGiOt►�6iD�ity6►oOigaQ�otMrthan �
<br /> �:� _ t C� tnsr�deotndn�ss• �
<br /> ,� ' 0�. d�r�tlarrs.Truthv w�l k8ep tha Tiust Ata,petty ftee lram aNfians artd errcumDrances whkh in a�ry wa�may,fa the jad�t ol
<br /> :,�� •:�•i, �'�1 Binefn�ary.Aave R►foriry over,aimpa�iGRe aecv�ritl►W.Nts Oeed ot Tiusi 6ut 7rusMx Aeed not discfrarSe enY such 6en sa kng as .
<br /> — - � Tn�snalla�ss.Inwrrdng.topaytAeo�b�i'gaDar�saauedbysucAGeatnamannereccePtabVe[oBeneficfaryanOshallinpoodfarlh —. _
<br /> ��t��py sppmpnate ggai prxee�E,ngs eXectiye a��xeyent theer►tor�ement ot the fien and tRs lass of a►ry tnterestln or
<br /> `'� `.� parr ot tAe rrust PrQpe�r.
<br /> ;'..,�:x.. �8. Huard/rtswanc�Trustnrat�aUkaeP the b�eldmSs snd otAer fmproveme�l�s now exJs6ng or AereaReterected on tRe Tiust Pmper[jr ---
<br /> . lraurad byinswerxe catNers salisfacto�►tb BeaefierSryBgafi�stloss by Nr9�tazatd&inC7uded!n t/te t�m'extertdecleoverag�' and =
<br /> awcA odte�harards,casuaf�es ertd con6ngencies as may 6e raquired Dy Berre�rGary,in such enEOUnts and brsuch per6oafs as may be _
<br /> red BenetfcearY�P�Yo/InsurarrceaAaH6elntamacceptaDletoBeneTclary,proviGeU�tthesmrtemaynotDe �.s.--�
<br /> . Y;< .. c�ancelled a modifled wftAot�t bReen p5)days prior wrrtten ao6ce to BeneGcrary,and sh�f have lo�s PBYaM�Prov�to�ia fawFaland —
<br /> � in fam accePtabfeto Beneficrary.Ail premlums ort iqswance po6cfessfra�l0e patdia Me manner provfded uader.para�replt3.hereW =
<br /> cr,it not petdtnauctr manner,DyTrrrsax makFngl�eYmeM et/east hReen(15)days prtorw tAe due dam,d/mcil�ta the/n.suranc� __-- _=
<br /> -*�,- ce►rfer��e�Cl�shalt have the r►ghtb Ao/d the polc(ea.end�nflwaL.tAeteof artd Tautor sAa!!prompily fum!&tt t€r 8erreAd�aK -�------ - _
<br /> "....,...; renaw.�s and eU patd praMum r�e/pts.�e/ved fsy l�Irt�ra eveir!ahaif BerreAdary�r Tnrslea be hald res�SiWa tar�l$Illrr�tu: . --:----.�
<br /> ' _;;:�;;:� <, paY l m a u a�p ro m l L r R S a r t o►a n y l o s S G r r d a r r r s g e a r i s l r►g a u t Q f a d e f e d l a a a y p a fl c y�rsNsla g ot��ot an�F faJlure�ot a r rylnsdiUJ�b. , .K,� - ---
<br /> ' �,. COrtt/ieny lo pey for any�oss ordsmsqe llfsured agalrrst at'(atislJul'e�y Tnr&!or ta af(eGYlhe lnsurartce.�qulte�hBiarl�td�r:',lp:�►ht�4�t e�
<br /> - . ' ' a f l a s s,T r n s l a r�h a U g l v e P r w r r P f R o f i c g b y m a l l t a U r�t n s u�a n c e c s r r i e r and 6 e r r e f t c t a�y.L�Fe,reAd a ry ms y!mek�/".N. latla��l��itut,•• . •,,...,.•
<br /> . � `r , mad,e pr+�mptlj,arin pnv�sertomt by Trustol.AJ!poNclea of lm.�urarrce sRd.er�and.alR iefuqdBOl urnt�&m�d/1(sIt!1(u�sce here�►. � `..; ��- --—
<br /> '' �`� `� (or the far ihe ltrdttbteCnes,s:,l�:lhe evwrl�W:l3eneffdteiy'{��r'•�i se aftT�b power ��
<br /> es sddldon8l Qe f� ����_�,�
<br /> t� : �_ - ..�� • asslgt�ed•irlBerrehcrary cu�(Y. ABY� ���y�lnf@rce
<br /> OfsaMtxsNAkledNeleln,alntheevem-af:fQr+aC/asrue;BN•dpM,tHl�atrdinlenesto�Tfil�tqrin �t�E1ti6ny �' �'� °-�
<br /> `.' , sh�peas;la tf!e PurcAaser at the wst�a's�a/e or faieclasure selw.lh.��e a1 any tass.the in;�i6Y�#��aceeds may,at(he�r o1 � _�����_
<br /> � ` `, `. . , . � ` thereoE.and in sucA ordererrd amourtt as 8ene�'.+�sY
<br /> 8 e r t e f i c i a►y.b e a p pli e d b y 8etrefici a ry:i i p a�J the/nl'ltrbletllr&�;ar•'a l i y'p�? . < ,'---_-
<br /> `�f'`�''i�t`��`-:?�,���� deterrM►t�asaldh�surancepmc�eds,ettheapNl,►rr�t.p�jeTt�J�`!r�aYertherbeusedlnrep/acingaiesforfng.?heTrustPr�ra`ry ��-•���
<br /> „L:�,,..;.z � itxeraof,ma be
<br /> •,: ,: r. F: :� partiaByortotallydesdoyedtoecond�GOnsadstapt�oipla.B�ireflclary:orsetdlnsuranceproceeds.aany�rc„ Y �-�p=�
<br /> . ,,��, ielessed ro TnlsKOr.Unlesa BeneBalary end Tn�sbrqfrrF�vsrQe a�irr wlftrtg,any such appCcatfon of�rtsurarra�dla"�cseds shaJ!nat ���- _
<br /> �,,. lr;� � ;''`:�' e�end w postpone the due date ot the Note,or arry ir.stafllnenLS cr�t�#fo►thereln,or charrge d►e amount ot suaty.�►'':�llmeirts.!1 the � .... "�
<br /> ;�' • ' ` Trusi P ro p e r t y l s acq u lre d by B e ne�rciar�Prgsu e m 0�N►e e x e r c i s e G!'7%�s p o w e r o f s a f e or oiher foiecfosuro,a/l dgh�title arr►i r'cF.2res►ol � Y ;�_
<br /> - �y~ ,:y �. �' Trustor/n and ro any insu�ance proceeds paysb/a as a resutt old�ge ta the Trust Propeny pdar to tRe sale or acqul�iB�s���t'pass ,
<br /> . ..f. . • • t
<br /> ;.-a_ •,. ro Beneffclary end shalt be appred first to the casts artd expenses,inc/u�ng atlomey fees,lncurred in collecbrtg such proca��.s,��ren .; �
<br /> ,:�;`:� • • � • inUremannerandlntheQrde�pmvldedherein. - , ` � . � - .
<br /> ��_,:.. .:: �.•.•� ..
<br /> �: r ' ; � �� ` `<<r; , 7. PreservaLran.and Mairrtr�-i�s of Trust Property.Tiustor wllJ keep the buildings and other impra�ements now or hereafter eracted on .�. t_:,�:_
<br /> �,; tAe Tnr�t F�rfrt gc��r��r arld r,androon and wal not cammiti�r permit waste.wlll no!alte�the deslgn or sUUCturai clf�"�r �`� ;f ��
<br /> �,:; • . �,�; ;;�},r,{ � constfhlUrz�a^�4uUdirrg�sv�Pr�'�-�sx erected on and consGtuNn7;the Trr�st Prope►ry wiUfoul fPre prtor wrftten Cansent aP: • ���3�-
<br /> • �; ,.��,.r:r�:-. , . �
<br /> � ,�,<.`,�;�,f;�r,tt�y,;;�s?��,: Bertefia��.��9'not do any aCt ar t�irr�a�hich woufd urrduty Impaicb.cLapreciate the value of the Trust Prapelf�t�r4 WlArps���on . . � ,;..,�;;...
<br /> . ' .h�:s���<�� �,./,'�•::��=j ' tAe Tiust Fw,�*�erty.Tr�star w!Q not r�rmave any rxtures constltudag G�Prus!PropeRy unfass the sarne are im.n.�rJli�:aty repiao�wltl► `,
<br /> � �i f;r�;� .�.';�```� ' like property subJect to the Oen an4 secur/ty lnlerest at tNS Deed of Trast and o/at�east eqval value and uolr`tf rc,�o^tbr wlll campJy ';` �'�
<br /> � - �<��r�;�,� `� '� wlth e/lpriesent and firture ord/nances,regu/allons and requ/�ements ot any govemmentaf Dody which are ap/,z',r.atrle ta ths Tirrst �"' ,_
<br /> - PrcpeRy��to the occupancy anc�use thereol.!f thls Oeea ol Trust!s on a unit ln a condomin/um ora planned uait developmen� � .. , � �t;,��
<br /> ' � TruBtar.�;i:�:'1 pedomr aU of Tiustor's obltgations under the dec israt lo�ss or covenan t s cre a t ing or g av e m i n g t h e c o n d o m i n l u m : � . . �'`�=-
<br /> � �� • orthe pl�rred unit deve/opment,the�;�r�ws and regutations of�he candaminlum or pJanned unit development,and the - ~��
<br /> � •,.:•_ .. :._.. : .f
<br /> . . � cpasUtuenf documents. ,; , :� , •:;�:
<br /> � ��� � � 8. InspecUon.Beneftciary orits agents may,at al!reasoneple ilmes,enter upon the Trust Property far the parpose of/rtspect/nn. ��,";��;;.; . ',
<br /> � � � BeneBciary shall have no duty to make such inspecdon and shaif not ba pable to Trustor or to any person Jn possesslon il ft makes or �.�•� .'. •'`==
<br /> , i;t; _
<br /> ' • lails�to rr.ake anysuch Inspection. .. " z• :'y.�
<br /> ; �. � g, Protecir.�o/?Cecurity.!f Trustor!ai/s to perfarm any ol the covenaa�and ag�eements contalned In thls Deed ol Tiusf or il any acffan • • -
<br /> , . .:� . �.,:,t Gr p�6��ng is commenced which does or may adve►se/y aflect L'r�Tiust Propst^�C�the Jnter�o!Tiustar or 13enepciary�hereln or � . _
<br /> • ;;,{�F;:::`,-.. ;;��:�. � ' �°�%�,;`�iustarthereto,then BeReflclary,at Ns optlon,may peAa►m such cavena��and ac�re��^+enls,make such appeaiances.
<br /> �;:���,�.' �;��.:� � t�.`er�'���lnst and investlgate auch actton or praces�:.g and take such other actirr*as Benefic�ary deema n�.asary to protect fts ti �- , ,.
<br /> t}
<br /> �;�:����� ..,..-�,.'. : i:rrere��.luding,trut not Ilmited to,dlsbursement af r-`;as�nable attomey fees end entry upan the Trust Prape�5y v�make repalis.My : ,
<br /> ��`�.' �•`�`�'°' amour�c�•9ursed by BenelJclary pursuant to this paragraph 9,+���nterest thereon,sha/l cons7�m,.�te Inde6te0.^rrss of Tnrstvr secured .
<br /> ,,,•,;[;4�;�;n � ! .;>>�
<br /> � '�r.. , by thls�of Tiust.Unless Tiustor and Beneflciary agree to otf:�,tem'rs of payment auch amov�ts ahall be payable upan noUce � �� . .?'..�:..,
<br /> , ,, � `�, lrom 8er•a;5clary to Tiuslor requesUng paymeni fhereof,and aha11 is�ar interest lrom the date o1 t�isbursement&t the hlghest Inte►est "
<br /> � ; � � -� ,�ri�:�,� �. `;''_`':� .�
<br /> �� r,�., .i��,��..
<br />.>;,� � � • ' � �ata perm�lted by law.Nolhing contained In this parag�aph shatl requJie Beneficlary to�ncu�any expen5e o�take sny actlon hereunde►. �
<br /> � . ::'�;� `, Trustorinevocably arrfhodzes and empowera BenellcJary to enter upon the Tiust Property as Trostoi s agent and ln Tiustora name oi '
<br /> . ;'.��� :��z:•. `�� ��'��� � othert�dse ro pe�form any and all covenants end agree;ments to be pedormed by Tri,asto�as hereln provlded.Beneflclary shaU,at its � • ,
<br /> '��•`:� ;;!`,�� �' :•.'•;�t{�' • apNon,��subragated to any encumb�ance,Ilen,ctanm oi demand and to aU ilghtg aed secudUes lo�tha payment thereol patd or .. ,
<br /> • ���..�t'"`�`•'. dlschar+^�d�y BeneflCla unde�the rovls/ons hereci and an such sub�o atlon rt hf8 shall be addiUOnal and cumulative secuiiry for �� r,<`•._ •
<br /> . :; ` , .•,�a�t;�:: �Y P Y 9 9 ,. ,
<br /> , .r: , �',��;.<� thlS De�c."v�Tius� ';'�
<br /> � `���� � � t;. Condemnatlan.7he proceeds of any awa�d or cla�rm tcr damages.dfrsat oi conseQuentlal,Jn connecUOn with any condemnatlon oi ('
<br /> r�%��• � other tak/ng of the Tvusi Prope►ty,a any part thereo�alor convsyance In lieu o!o�Jn anUclpatlon o1 condemnAtian,are he�eby �'
<br /> • - ` `:�!�� assi9ned t�and shell be pald lo Benellclary.Tiusrcc will file and prosecute,In good faJtb and wlth dne diligence,!ts clalm ta any such �: _
<br /> '" �•, ';�.; ,. 2;var0 a�I,�";f�ent,and will cause the same to be collected and p���to Benellclary,and,ahould;i lf+U to da so;hustoi lrrevocaby :�
<br /> � '%�;^.•� 2�,4ncri��s�^�empowera Benellcra�tr�;^�thB 118l719 DI TIUSf0101 b71E1"NJS9,to f11e,prosecute,s¢:c'�e ar Comp►omise any suC�►C�ilm and f' �':�
<br /> � � �•:;�';� M;ci?�°�,r�gJpf/or and�etalo!ha prta�;�eds.Il the Tru9t Piape�t6��bandoned by Trustoi.or�!.:ah'er nntice by BeneLCi�ry m 1'�Sia� i,, ,
<br /> �f';���, , a�a me cr��d9mnor oNe�s to mako a:+e.r✓�d o�settle a clalm for c���%�cges.7rusto►fails to resp��C ro BenB(ICliuy wdhln th��!ir r.:1 days �, ,_ �
<br /> ���' � ' ' ' affe�ihe date such noticels malled,BeneflCla�y is authaNZed to coilect and app/y�he proceeds!n the manner iadiaated ha7ef-: 7he �;. �
<br /> �,; : � � proceeds ol any award�aF clalm may,elte�deductir.g at�reasonabls cos�s and er.�Frses,includ+n�aNvmey{ees.whlch►nay have
<br /> • ��r bean Incuned by Etene9���;y In the cotfaadon theieof at tha sole diso►et/on o/8e��'s��ry,be�eleased to lrusr�r,epplied to
<br /> ' ; � ' � �esto�a8on o!Tiusf Piape►ry,or applieC to the payment ol the lndobtedness.Unless 3enefr�;ar,t a,��d Trusfa►otherwiso agreo In
<br /> ' . ';"�:,�.;;;�1;:, wrlUag,8ny such epp!lcatlon o!proceE�`.�fo lndebtedness shalf not extend o�pnstpone trte QuF d.��o al any lnstaJiments called for ;
<br /> ' . unde►theOusrany. � ,
<br /> • 1 f. Trustor Nat Relessed.Extenston o!the tlme!o�paymonf o�mod�f;cation al any amam..aban of tfrg�Indetrtednoss grant8d by BeneBclary •
<br /> . to 8ny successo►In inte�est o!Tiusior sball not operate to release.�n any manrter;itre/rabrlity ol Tiustor artd Trnsfor's successms!n '
<br /> � lnte�est.eeneflclay shall not be�equl�ed to comrnertce proceedings a,cYainst sucir suoCessor o�reluso ta axtend t/me foi payment o� - .
<br /> • � - othenvise modiy arr�on/rat/on ot!he ln8ebtedness by�oason of arty de:�mand rnade 6y Tiustor and 7�usfor e successois in Inte�est . , .:�.;_:. .
<br /> � .:_j' 12. Flnanclat ln/o►matlon,Upon iequest of Benel;ciary,Tiasto�uvill pra�r�+�to Benelictary,wilhim m�ery(90)days af rhe c/ose ol each fiscal
<br /> �;; year of Tiustar,Me consolldated balance sheet and statement ot eaming9 of tiusror,and w,l!provide and de6ver to Banstciary s�ch •
<br /> ofhe�linanclal lntormatlon and insuch manner as Beneliclar/may reasonably iepuest fiam tlme to tima.
<br /> . • 13. Flnanctal Cavenants.ln addiUOn to sny othar Unanciaf covenants of Tiustar mede�n any athe►agreement.inshument,or dacument,
<br /> -- _-_ Trustor sha�1 comply xrith or be in compGance with,the!ollowing f;nancial cnvenants:(Thls pa�agraph shan nof appt y+1 cavenants and � _ .
<br /> :� �eqed�ements a�e not set/oRh hareln.� j
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