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<br /> Miwufc�P+�nluma,pr�d rentt.�nd di odKr charQa whatsawr Isvl�d upon a�aased�Placrd a maal��palrut d»Tiwt
<br /> �h+rpu.Tir�$�kqwl�ag�is b peY a�eurad etaesa►n�b���pahMp�s�f��al upon a �asNU�d�Plao�d �rrrad� d
<br /> �� pafn�t.a m..sw�a ay,a►�s oe.d a r�r o.a,.naob.ao►�n.no/
<br /> Q. AppNcatlon ol Paymav+f�.Mipalnnsnh ncNwd by B�nNlNary u ro any d�bt.WibWYh a obllp�tton ow�d ro�enef➢cl�ry by Trwtor
<br /> , m�y bs�ppN�d by Bs�+el!�(0 fh4 PAY�nmf ol tlN Indebtrdn�r+a b�ny wch atb►d�bt N�b1Ay a obNC�tlon,In any adw a
<br /> manrMr ot�IqpNcatlon whkh FaeeeRalgN�In!ta�baowt�dJrcntlon,d�r+��Pprop d�h.Ur�AfhNwla��l�ctrd by B�Ncl�ry,anY
<br /> �� iuch payn�er+t�Nall be desrnsd�ppllad d�st M dN psYrrNnt ol any d�bt,Nabl ll ry a oWla�don othe►fhan 1f�Na�.
<br /> ��c Q, �ry�;ilene.Tivsta wlll kwp Ihe T�uot Prope�y In�han dl INns and sncwnbrnnce�whkh Jn�ny w�Y may,in�he/udpm�++t ol
<br /> Baisflclary�have W�'4dN avor.almpnlr ths aecudly of,fbla(�10l 7ivat but Tiusta nNd�ot dlichvOs�+Y�Nrn eo bnp u
<br /> " ;�- : • Tyator ahell ogrve.In wdl/ng,ta pay the obllpatlon aecured by auch Nen!n a m�nna accaphbJ�to B�nNlcluy and aha�l!n Qood I�
<br /> '' oonn�+r eucr+llon by eWp�aprlat�Na�w�••�►wa rn�caw ro p►.wnr aN.►no►c.n»nt of u�.a.n ana rh.ross a.ny rm�t!n w
<br /> ;w,,.wy,yi.,�r;. p�►t ol�h0 Tiust PnDAe+tY•
<br /> � :��L..r:.k�•�►?i� 7. Hes�rd M�un�s.Tiusbr 8hall k4ep th9 bulldlnpe and other lmprowmwits now exfsUnp or he►eaftsr erected on rhe Tiust Property
<br /> ��: '.�';��'.�::.�,.�"� lnaund by Inaurancs canlers setls/ectory to Ben4N�lery ayvnst bss by Nre,heserdr lncNded ln d►e term"extended cover�pe"anal
<br /> 4�'�;���:+��'�:-����;;� auch othe►hera►ds,casusldo�and condngenqlae es may be reqW►ad by Beaelklay,ln sucA emounts antl f4r auch perJoda as may b�
<br /> :,, . . .. roqulrod by�eneBclary,Ths pollcy ollnewaraa+sJJr�ll be in lonn acceptable ro BeneNclery.Provlde tl►at tha sama mAy not ba
<br /> , cancelled or nwdlNed wHhAUt/ldesn(181 dey8/xlnr wrltten notice ro 8enelklery,and shell have loas payable provlalon�!n lava ol and
<br /> .+r*�.•.. :�— '. (n fonn ecce/NeWe to BeneBr,lery.All prgmluma on lnsurance polldes shal!be pald!n the manna►provldoal under pe►aBraPN�1 f�er�o�
<br /> �,. „ � � a.!/not peld In such mannar,by Trusmr mekJng peyment at least�Keen(18)days prlor ro tha due dete,dlrecdy ro fhe Jnsurance
<br /> ' � ' � ���� � � cerrler.E�e+rqAdnry shell have the�ght to h4ld the polcles and renewals thereof and Tivaror aheU p►ompGy lumish to Bene�clary all
<br /> „�,�.� r . - rwnewel rwtices end+e�l laald pnmlum recelpts recelved by!t.fn no event shall Benepclary or Trustee be he/d responslble br lallure ro
<br /> -'�.K'.• �:..•..... � pey Insureurce premirX►a cr�w enP loss o►dameye arlslnp out o/a defect Jn any polcy a a►!sing out o/any lallore of eny lnswance
<br /> � company tq p�y kr�erry lQ.ss o�damage Insured apalnst or for lallure by Tiusta ro eHect the lnsurance►aqulred hereunder.In the wrnt
<br /> I� .i,�•. �, . � o!laqa.Troaslo►shal�'9+�P�►IN^��by mall b tha Jnsurance car�ler end Benedclary.BeneBclary may meke proo!ol foss ll not
<br /> • - � made prvna,r."'i!N a�►irr prv�per form�y Tivato�All pollcles of insurance and any and ell relunds of uneamed premlums are hereby
<br /> ,�. " ' �sel�ned l�B�+rr�Rdory as addldonf,U sacm►ry for tha paymenf o►the Inde6tedness.ln the event o/Benefklary's exercJse o/fhe power
<br /> , o►sele cor�talned henein,a in the ev�ent o/loreclosure,alf dBM,dde and lnterest o/Trusta in end to any lnsurence polcy fhen Jn lace
<br /> ' shel�paas to dra�cwrrl�aser at the trerstee's sele a breclosure sale.In ease o!any loss,U►e Insurance proceeds mey,at the opH�on ol
<br /> ° � Ben�flriary,be a�flec�by BeneNciary upon the Indabtedness,a any pert the�eol,and in such order end amount as BeneNclary moy
<br /> �,,. � • �mfn�;a sald Insurance proceeds,at the opdon o/BenRticlery,may elfhe►be used In replacing a restoring Ihe Trust Propa►ty
<br /> +, par�a!►y ur totelfy desfroysd to a condldon sads/acrory ro BeneBclary;or sald lnsurance proceeds,a any poNon thereol,may be
<br /> •, ' r�elpased b Trusta.Unfess Beneficlary and Tiusta otherwlse agree In wddn�,eny auch applicatlon ol lnsurance proceeds shall�ot
<br /> e�rler�a posfporre the due dete ol the IYote,or any Insfallmenhs celled for therein,or chenge the amount ol such lnstallmenis.!f the
<br /> � Tivst Property!s acqulred by BeneNclary pursuent ro the exe►cise o/the power of aele a oMer loreclosure,all rJyht Ude and/nterest W
<br /> � Trustorin and to anylnswance proceeds payable as a result o/damage to the Trost Properly pda to the aele a acquisltlon shell pass '_
<br /> . Aa BaneNNc��ery and shall be applled Nrst ro the costs and expenses,lncludlnp attanay lees,lncwred!n collecdny such p►oceed�,dwn
<br /> in the manner and!n the order pro�ded i►e►eln.
<br /> - --- — g, �rsration ertc!Msl+uenance o/Truat Properry.Trusta wlll keep the bulldln�s and other improvements now or hereafte►e�ected on
<br /> ~ the Tiust Property!n good repelr and conditlon and w11I not commit or permit waste,wlll not elter the design o�sbuci�rdJ Jharai.tas
<br /> consdtutlng any bu!lding now or herealter erected an and constltudng the Tiust Properry wlthout the prla wdtten conaent ol
<br /> � BeneNcfery.wUl not do eny ecf a thing whlch would unduly lmpalr or depreCiate the velue ol the Trust Properry and wll!not afiandon
<br /> ' the Tiust Pio�oerry.Trustor will not remove any Nxtures constltutlng the Tiust Properry unfess Ihe seme are lmmediately replaCed w/d►
<br /> Ilke prope►ry sub/ect ro the Ilen end sacurity lnterest of thls Deed o�Trust and o/et feast equal value and uQiliry. Tiusro�wl!!comp►y w!►h
<br /> �� all present and/utu►e ordinances,reguladons and requlrements ol any govemmental body whkh ere appllcable ta the 7rust Property .
<br /> and ro the occupency and use thereo%If thls Deed ol Tiust Is on a unlJ In a condominlum or a planned unit development Tivaror shall �
<br /> i perlorm a1J of Tiustor's obNgadons under the declaretlons or covenants c►eaHng or goveming the condomlNum a the plenned unit �;
<br /> � deY6fOpl►►6/it the bylaws and ieguladons ol the condominlum or pfanned unit davelopment and fhe constltuent dxuments.
<br /> p, �napecUon.BeneNclary or Its agents may,at ell reasonable tlmes,enter upon 1he Tiust Pioperty lor the purpose ol Jnspectlon.
<br /> '�;� QeneBciary sAall have no dury to make auch/nspecUon end sheU not be IleWe ro Trustor a M any person!n pos8ession If It mekes a
<br /> �,�� lalls ro meke any such lnspecdon.
<br /> �� 1p, p�otectlon ol Secudty.If Tiusta Ielfs to peAam any of the covenants and agreements contelned In thls Deed o!Tiust,a ll any ecUOn
<br /> •� w proceeding!s commenced whlch does or may edve�sely aNect the Tiusf Property or the lnterest o/Tiustor or BeneNclery there/n a `
<br /> ,' fhe dde o/Tiusta thereto.lhen Beneficiary,et Ils option,may peAorm such convenants and agreements,r»ake such appearances, t
<br /> defend agelnst and lnvestlgate such acHon a p►oceeding and take such ofher acdon as Bene/Icfary deems necessary to protecf!fs �
<br /> • Interest Including,but not llmlted to,dlsbursement o/reasonabfe attomey/ees and entry upon the Tiust Property to meke►epalrs.My `
<br /> ' emounrs disbwsed by Bene/iciary pursuant ta this paragraph 10,w(th lnterest thereorr,sha11 cansdtute Indebtedness ol Trustor �
<br /> secured by thls Deed o�Tiust.Unless Trustor end BeneNcfary ag►ee to othe�terms oI payment,such amounts shall be payaWe upon
<br /> � notice lran BeneBciary to T►ustor�equestlng payment thereo/,and sha0 bear lnfe�est/mm the date o/dlsbursement at Me deleult rate.
<br /> !f any,sef/ath in the Note,or othonvlse at the hlghest rate permitted by 1aw.Nothing contained!n thls paragiaph shall roqulre �
<br /> '� � BeneNclary tolncur any expense or fake any action he�eunde►. Tiustor Inevocabty authorizes and empowers Beneliciary to enter upon �
<br /> � . ' ' � the Tiust Pmpeity as Trusla's agent and,!n Trustor's name or otherwlse to pedam eny and ell covenants and agreements to be
<br /> "• ��1 ' perlormed by Tiusta as he�eln provided.Benef�c�ary shall,et!ts option,6e subrogeted to any encumbrance,!len,claim or demand i
<br /> • `s.i'. •'� • . end to ell Nghts and securlNes lor the payment thereo/pald or discharged by Beneliciery under fhe provislons he�eol and any such l
<br /> �' ' subrogatlon rfghts shell be addlNonal and cumufative secudty la thls Deed o�7rusf. �
<br /> • 11. Condemnadon. The proceeds of any eward a claim la dameges,dlrect or consequen6al,in connection wifh any condemnet(on a
<br /> • other feking of the Tiust Property,or any part thereof,or for conveyance!n fleu ol or ln entiClpatlon o!condemna6on,eie hereby ;
<br /> ' s asslgned to and shall be pald to Beneflclary.�iuslor wlll ffle end prvsecute,!n good/elfh end with due diligence.its claim for eny such
<br /> •� ' ; � award or paymenf,and wl!!cause fhe sama ro be coflected end paid fo BeneNciary,end.should!t fall to do so,Trusto�lnevxably
<br /> authorizes and empowe►s Beneflclary,!n tbe name ol Trustor or othen+�lse,to life,prosecute.seftle or canp►omise any such cleim and
<br /> �!- ro collect�ecelpt fa and retaln the p►oceeds.I/fhe Trust Property�s abandoned by Trustor,or,alter notice by Benellclary to Trustor
<br /> I . , . fhat the conde►r+nar otle►s lo make an award or settle e cla(m lor damages, Trustw fells fo�espond to Beneficiary with/n fh1Ay(30)days
<br /> ' � alter the date such notice/s malled.Beneliclary Is authorized fo co/lecf and appry Ihe proceeds in the manne�indicated he►ein.The
<br /> � ,. . proceeds ol any awaid or clalm may,e/ter deductlng all reasonable costs and expenses.�ncluding attomey lees,which�mpy have
<br /> '. been Incurred by Benellclary!n the collecdon thereof,at the sole d�sc�etion of Bene/ic(ary.be refeased to Trusfor,appl�ed to
<br /> i � resturadon of Tiast Pioperry,or appl(ed to the payment ot Me Indebtodness.Unless BeneNclary and Trustor otherwlsa ag�ee in writing,
<br /> any such applicaBon ot proceeds ro Indebtedness shell not extend w postpone the due date ol the Note a the payrnent ol any
<br /> � installments called tor thereunder.
<br /> ��__ f2. Tiustor Not Re/eased.Extenslon of Me tlme fa peyment or modlficafion of eny amorhzafion o!the Indebtadn�ss granted by Benehc�ary
<br /> �J T�.
<br /> � •� � � to any successa(n lnterest ol Tiustor snan not operare ro reiease,in eny mennu/,inef iin`vioiy vi i ivaiv:a..0 ..u'u�:rT��:'��...1'M'%.^•
<br /> j lnterest BeneNclary shall not be requ!►ed to commence p►oceedings against such successor or refuse ro exfend hme for payment a
<br /> otherwlse►nodily amortization of the Indebtedness by�eason ol any demand mede by Trvsror and Trusror's successo►s
<br /> ��� � , fn Inte►est
<br /> . �� 13. Final�clal lnlorrnafi�on.Upon reqaest of Beneliciery.Tiustor wi1►provide to Beneficiary,witl►in ninery(90)days oi the cbse o/each hscal
<br /> y6ar ol Tiusbr,fhe Consdldeted balance sheet end sfetement o�eam(ngs of Trusfor end any and all guurantors ol the Indebtedness
<br /> ,., secured hereby,!f eny,end w(11 provfde and deliver to Beneliciary such other hnanclaf Informef(on and!n such manner 8s Benelrciary
<br /> 1 ; , may nasonably►equest Irom 6me b dme.
<br /> I 1�, Flnanclal Covenanfs•In addrdon to eny oMer hnancial covenants ol Trustor made in eny other ag►eement,lnstrument or doc�ment.
<br /> � ' Tiustor shaU comply wfth and aha/l cause any and all gua►anto►s of the/ndebtedness secured hereby to compty wdh,or be in
<br /> � compllance wi/h,fhe folbw/np linancld covenants:(Thls parayraph shell nat appy H covenants end►equlrements are not set
<br /> � , fqM hel9fn.)
<br /> ° . 1 B, Schedufe o!Leases.Withln ten(t0)deys after demand, Trustor sha/l fumish ro Benehc�ery e schedu/e.Cemhed to by 7rustor.serong
<br /> ; /prlh el!leases of Me Tiust Properry.or any pordon Mereof.including in each case.the namv of Me tenants or occupanfs.a descnptron
<br /> of Me space occup�ed by such tenent r�r occupanf,Me rvnfal peyable la such space.and such other rnlormehon and documents wrth ,
<br /> nspeCt fo such leases and tenanc�es as Beneficiary may►easonaDly request '
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