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<br /> ��pnm1 ums,pround rente,and all other charpes whataoevrr levled upun or asaeuod,pl�aed a m�ds apalruf MN�run
<br /> pipp�rly.1'rtutor fuRMr apreea,uPa+wNltm roqwst by BeneNclary,b PrompdY dNlwr ro BN►�ik1�+Y W naMpH Aw IiN payn�M ol
<br /> wc►�aharpw.Tiuuor Nk.wrt»»�prs�a�o p+y a11 truraa,�aaea�rn�+,a and oaNr charpu avl�d upon e�,r�a�d�pl�o+d a msdr
<br /> aqaln�t,a rr�und by,Nds De�d o/Tiwt a th�ncadadon Mno%
<br /> 6. M1��ol'P�ym�nb.AO paymenW rer:Nved by Bu►eNclery aa b any dabt,lNblNfy a obll p�don o►wd b BenAdalprbr by Tiu�bi
<br /> ,,,�,y b.,pp�,,d ey e.,MNcI+W to u,.p.ym«rr ol a»�nd•ahdr�aa a b any wch aan►d.bt,dra�fy a oaNpAnan.�NI.Mp t�rd�r a
<br /> mannu ot�pP�tlon wNch B�rNRoN►y.Nht to fhs psymont o/any�d�•bt u��obYp�tlor►oNwr fhan p+�Na���b�Y��Y
<br /> . auoh paym�+it�haN b�da�rn�d nPP�
<br /> B. Ch�rp�a;Ll�ns.Tnuta will kesp the Tiust Proparry Iree fiam Nl l/or►a end Incumbnnon whkh In�nN wpy may,In N�a d�m�nf ol
<br /> '' B�n�floHuy,haw pdairy o�ror,a lmpdr th�s�oudty ol,fhlt!�d ol Tiwt buf Tivata nNd nof d/�ohq�ps ufN�uah llpn.�uo]onp Aa
<br /> -- Tniata sh�ll agns,ln wrltln8i op,N roc���o/hcGv�o pravor+t�fho w+facanant�o/ths� and d14�fpaa ol s�hn1J�nNrwt�ln a
<br /> cont�rt auoh IMn by Rppropd 1�p P
<br /> � part d ths Tast Propo►ty.
<br /> 7. Hazard Insurence.Tiusror shall ksep the bulldlnys and otlwrlmprovamente now�xlsdnp a h�nwfler ereotad un,fhe Tiwt PropNty
<br /> lnru�ad by Insuranc�carnera eads/actay to Boneflclary epalnst bse by Nrs,h�s�rda lnoludod!n tl►s tenn"axtunded covw�p�"�
<br /> such otlw►hazarde,casualdea and condn�e»cles es may be reqWrod 6y BsnalPclary,ln auch�mounti and(4r auoh,psdod�aa may b�
<br /> r•_ •}-� requtied by BeneHdary•fie polloy ollnswence shell be!n/orm eccaptable ro B�neBclary,prov/d�th�t the�nma mny ieof M
<br /> � In fo►m accept�e to BeneNclery.�N!preMuma�nsur�ence pollclas�h��peld ln th�enner�ds�der pa�prtph I rha�ol
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<br /> �" ��'� � a,l/not peld!n auoh menaer,by Tiustor maldnq payment at least fNtaen(1b)days prlor to tho du�dat�,dlrocdy tv ihn Insur�nco
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<br /> :, � ' cwrler.BerteBclary shell have the�ghf to Notd the pollClea end renewala thereo!end Tiustor ahall promptly/umieh b 9enaNC1�!vl
<br /> - ' '• ' ronswel nntices and all pald premlum recelpts reaelved by!t.ln no evant ahall BeneNclery a Truatee b�hdd responslbN�b►►diun ro
<br /> . ;`:'` '' ;{ '•" `'' p�y lnaannce premlums or for any bss or demape ad�ing out ol a defeat In eny pollcy w arlsfny out ol eny l�llun of any lmuranc�
<br />, _y...: �;�.:: .S�:,,, ,�;,,,,., con►psny fo pay lor�ny loss or damage Inaured apelnst a Mr lallure by Tiustor to eHect the Insutince requlmd ha�und�r.ln th��va�f
<br /> • „� M ol foa�,Tiustor ah�l!give prompt notice by mell to tl+e/nauranca canlar and BeneNclary.B�neNcluy m�y m�ke proo!ol Iwi ll not
<br /> I? R�' ' .. � ''^� m�d�prompdy a ln proper lo►m by Tiustor.All pollclea ol lnsurance and eny and all rafunds o!un�amrd pr+emluma�n Mnby
<br /> L ° . � aulpn�d to Bene�clary as addltlor►el securiry lor►he payment of tho lndebtednesa.fn fhe event ol BeneNclery'a oxoro/s4 0!d�pow�r
<br /> o__ .. '' � pl�cwKdned hereln,or Jn the eveM ot lo�ecbsure,all RgM.dde and Mtereat ol Tiustor In and b any lnauranos polloy tlNn In Ibice
<br /> + Q) ahd!p�ss to tho purchaser at the dustae's sa/e a brecloaure sale.In case o/eny/osa,dw Jnsuranca p►oceeda m�y,at tM opGon ol
<br /> � �� � B�rwNclary,be applled by BeneBclary upon the Inde6tedness,or eny part thereol,and In such order u►d amount as B�n�Mclary may
<br /> � . • d�Mrm1►w;or sald lnsu►ance prooeeda,at fhe opdon o/Beneflclary,may elfher be uaed In replacing areatodnp fhe Tiust Prop�rfy
<br /> . paAJaYy or totally dashoyed to a condidon sads/acrory to BeneAclary;a seld lnsurance proceods,or any porBon thanol,m�y b�
<br /> nl�ased to Tiustor.Unless BeneBclary snd Tiustor atherwlae agrse!n w�itlng,any such appllcadon ollnswance proce�da ihall rwf
<br /> • �� �xtend o►postpone the due date ol d�e Note,o►eny lnstallmenls celled/or therefn,w change the emount of such lntfallnNnh.N tM
<br /> Tivat Pnoperly Is acqulred by BeneNclery pursuent to fhe exerclae o/the power ol aele or other forecloaure,all dpht,dds and Ina,Nr a
<br /> � Tnrsta!n�nd to any lnaurence proceeds payabfe es a result o/damege to the Tivat Properfy prla to fhe aele a acqWsltlon ah�ll p�ta
<br /> �� t�Bm�NdAry and shall be applled Brat to the coats and expensea,lncludlnp aftomey/eea,lnaumodln cdleodnp suoh proeNda,tlMn
<br /> AI
<br /> In tlf�manner andln the order provlded hereln.
<br /> ' S. Pna�►vatlon and Malntenance ol Tiust Property.Tivaror wlll keep fhe bulldlnys and other improvements now a hsroaM�r�nct�d on
<br /> - - � _ oonadtudnp a�n y�lldJ�ow or hereaftei�re d on el nd con U�g��ust Property w!►hout�he pdor wrlften cona�nt o! ��
<br /> � ' B�n�Hcl�ry,wIH not do any ect a thing whlch would unduly lmpalr or deprecfate the value of the Trust PropeRy and wlll not ablu►don �
<br /> � dN Trusf Property.Truata wlll not remove any 1lnturea conaNludng the Tiust Properly unleas lhe same are lmmadletely replacld wlth
<br /> Nk�propufy aub/ect to fhe llen end aecurlry Jnfereat ol thls Deed ol Truat and o/at leeat equsl velue and uHllty. Trusror w!!1 comply wlth
<br /> vl pnant�nd luture adlnances,reguladons end requJrements o/any governmenfal body whlch are appllcebfe to the Tivat Prope►ty
<br /> � . ., �nd fo tM xoupancy end use ihereol.//thls Deed o/Trust!s on a unit In e aondom/nlum or a planned unit development,Tiusta sh�l
<br /> ` pN/prm vf ol Tivaro�'s obllgadons under fhe declaradona or covenants areadng oi governlny fhe condominlum or the planned unlf
<br /> �, , d�v�t,fhe by/aws and requladona ol the condominlum or planned unU development,and Ihe consdfuent doCUmenfa.
<br /> q. In�p�c1lon.BeneNclary a!ts agents may,at all reasonable tlmes,enter upon the Tiust PropeAy la the purpose ol Inapectlon. '
<br /> .�'� B�n�Ncluy ahell heve no dufy to make such Inspectlon and shell not be l/able to Tiusta a to any pe►son!n poaseasfon(I!t mekea a
<br /> �� ' ~ hlla fo m�k�u►y auvh lnspectlon. ",'�'.
<br /> �f� , 10. Prot�Cllon ol Seou►!ty.If Truatai falls to peAorm eny o!the covenants and agreements contelned!n thla Deed of Trust,or ll eny actlon
<br /> q procNdlnp!s commenced whlch does or mey adverse/y aNect the Tiust Prope►ty or the lnterest ol Tivaror or BeneNolary thereln a
<br /> � Ih�f/IN of Tiusta�thereto,then 6eneNclary,at its opdon,may perJorm such convenents and egreements,make such appearances,
<br /> � dU�nd�pa/nsf and/nvesdgafe auch actlon or proceeding and fake such other acHon as Bene►lolary deems necessary to protect!ts
<br /> lnt�n�f Includlnp,but not Nmlted to,dlsbursement o/reasoneble atromey lees end entry upon the Tiust Properry to meke rapelrs.My
<br /> �ntounfi dlibu►sed by BeneBclary pu►suent to thls paregreph 10,wlth lnleiest thereon,shaU conatltute Indebtedness o/Tiuetor
<br /> a�cund by fMa Deed ol Tiust. Unless Tiusror and Beneliclary agree to other terme ol payment,such amounts shal!be payabfe upon e
<br /> notla Irom BeneNclary to Tiustor requesHng payment thereol,and ahell bear Interest Irom fhe dete ol disbwsement at the de/eult rate. `
<br /> I!�ny,l�f Mrth!n the Note,or otherwise af the hlghest rate permitted by law,Nothing contalned!n this paragreph shell requlre ,
<br /> B�MHcl�ry to Incur any expense or fake any ecBon hereunde�.Tivator lnevxably autho►lzes end empowers Benel/clary ro enter upon
<br /> fhs Tiusf Prop�rry ss Trustor's agenf and,in Tiusta's name or otherwlse to parloim eny and all covenants and apreements to be �
<br /> „ p�rlorm�d by Tivata�s herein provlded.BeneHclary ahall,at Its opNon,be subrogafed to any encumbrance,Ilen,clelm or demand
<br /> � . and!o�II Nphfa�nd secuNdeB lor the paymanf Ihe►eof pald or dlscharged by BeneHclary under fhe provislons hereo/and any such �
<br /> iubropatlon�lphfe ahall be addltional and cumulaNve security for thls Deed ol Tiusf.
<br /> `. 1 f. Cond�mn�Ibn. �M proceeds ol any eward o►clalm foi damages,dlrect or consequentlal,!n connectlon wlth any condemnaHon a t
<br /> � ofM►hNinp ol fh�Tiusf PropeAy,or eny part�hereol,or for conveyence!n Neu o�or!n anflclpation ol condemnadon,are hereby (
<br /> ptlpn�d fo�nd�A�11 be pald fo BeneBclary. Trustor wpl file and prosecute,!n good lalth and wltA due dlNgence,!ts claJm!or any such �
<br /> I • � �w�rd a parm�n1,�nd wIB ceuse the same to be collected end pald to Beneflclary,and,should M Ial1 to do so,Tiusror Inevocabty
<br /> � �. �� �uthorir�i�nd�mpowora Benellclary,in the name of Trustor or otherwlse,to llle,p►osecute,seNle or compromise any such clalm and ;
<br /> :�,,.; to coN�of,r�CNpf Mr�nd reteln the proceeds.lf fhe Trust Properryls ebendoned by riustor,or,aner notice by BeneHclary to Tiustor
<br /> fh�l If�cand�mna olhro ro make an award or settle a cla/m lor damages, Tivaro�lalls to respond to BeneNclary wlthln thlRy(30)days i
<br /> ' dtn fh�d�t��uch nonce Is malled,Benalklery!s authorized to collect and epply fhe prxeeds U the menner lndlcated hereln. The ,
<br /> � ' prucwd�ol�ny�ward or clnlm may,alter deduCBng all reasonable costs and expenses,Jncluding aBorney/ees,whkh may have ,
<br /> � � bNn Incuned by l�nd�clary In fhe col/ectlon fhereol,at fhe sole dlscretion ol BeneJlclery,be►eleased to Trustor,applled to
<br /> , f nata�Gon ol Trwf Propwry,oi applled to the peyment of the Indebtedness.Unless Benellalary and Trustor othe►wlse agree In wd6ny,
<br /> •r1y�uch��,pHcadnn ol proceeds to Indebtedness shall not extend or postpone the due date of Ihe Nole or Me paymenf ol any
<br /> ' IMt11NrNnta c�N�d lo�Ihoroundir.
<br /> 1?. fiu�ta NAf RBM�u�d.Exfa►slon o/the dme lor payment or modllkafion of any amortlzeUon of the Indebtedness granted by Benef(clary
<br /> ..,�..,...,�.�......r..�.�►....�nI T�usror shall nof oaerafe to►elease,ln any manner,fhe Nablllty ol Trusfor end Trusfor's successo►s ln
<br /> � �—T �q►�rNt BaNhcNry iAall rtof bo requlr�d ro commence proceedings agalnsf such successor or reluae to extend time Ior payment or
<br /> p��W��►rwql/r�i�fton ol Mo Indeblednesa by reeson ol any demand made by T�usto►and 7iustor's successors
<br /> • In InNn�f.
<br /> ''` 13. FNNnclil NUbmuaian.Upon r�qu�st ol Beneliclary,Tivator wlll proWde ro BeneBclary,wfthln nlnery(90)days of the clase ol each Nscel
<br /> ' y�ai ol Tru�fa,fM co+�soNdAfW bW�nca sheef and statement ol earnings of Tiustor end any and sll guarantors oi the Indebtedness
<br /> � - � ucw�d h�►�b�,d�n y,rnd wlll provldo and dellve►ro Bene!lclary such othe►linanciel inbrmeNon end ln such manner es Hene/lc�ary
<br /> � �. .. ' may►���+v r.wuar nom n►n�ro u..w.
<br /> 11. F(nu�crN Cown�►�la In�dd�tlor►fo any olh�i Nnanclel covenanfs of T�uator made!n eny othe►agreement,►nshument or dxument,
<br /> � � � Tru�►p►�h�l!comply w�rh�nd ih�ll o�us�eny end all gua►anfo►s of fhe lndebtedness secured hereby to comply wlth,or be In
<br /> " compNmc�w�lh,fh�Idbwmp hnanClN cown�nfs:(Thls pereqreph shell not apply if covenants and requlremenfs are not sef
<br /> �, I Io►1h MrNn.)
<br /> 16, SCMduM pf LMi�i. Wi�lun(�n(tQ)daya affor demend,Tiusror shall lumish to Beneliciary,a schedule,certiNed to by Trusta,seftlng
<br /> ; IbAh All Mua ol fM Tiu�f Wop�Ay,a�ny patlon fhe�eo/,lncluding!n each case,fhe neme oI the tenanfs or oCCUpanfs,a descripNon
<br /> ., ol Nw ap�c�occup�d by tuch t�nanf a occupant,the renfal payable foi such spsce,ond such other in/ormetion and documents wdh
<br /> u �
<br /> nsp�c►ro iucn Nnaa�+nd�on�ncioe as Benel(erery may reasonably request.
<br /> .r : • —-- ........--.._ .__ .�__.�_�_ _ —.. �._._. .
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