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<br /> �F�. - - ' ' ` drat�essea�P► armad�eeQalnsttheTrra� �
<br /> —�'•` - -�.`�:��"'� �P�►reN�r�proursdrs�ir.,t�ndalldher�w�+�s�►���P°f'tiiM�taBtnWK�t�rYair�ceiAtslfort�eP�Y�d �
<br /> s-- /�g�tl.TtuslbrhrtMNa�ro�ti+vri wrktenre9usstl��7►•bPromPaY
<br /> _ �- atr�rcha�pes•Ttwter�ke�s�Q!�bP�YtW��andaNS�ehar�s�i►�d�P�nwasses.sed.'Mac�arrnads
<br /> -� ag�in�.artrsas�x�d bY•��De�.ofTit�t a 1he►r+�c�� op,69�oan owed to Ber�ebcl�ry 6Y Tru�or , �
<br /> =, �.A�tp�Cat�an olPtyments.Npitj!7tie�ts�eCeftiad DY B�c1�Y�t�ar�ded��aDI�N�
<br /> ��. Bss�et',�tarytotrie pnymeatatme/ndmbtedness ato anY such o�►er de0��ata�ty�(x oDGg�on.°1n any orderar
<br /> - may Oe aAAfred by. wl�bch B�fiC+arY�itt its absuktPa dfsc�eiio�,Qaem�ePP�PN+�.Urdess oMerwlss elected Dy 8en�ua�',anY' ----
<br /> �����e�r�etl�ppfied h►st to ths payraent Bt enU r1eD�Irdbi►ity otoG6gaUon oBter tltan the(Yote. • - ".�
<br /> �� �r 9 Che�ge�Ll�ns.Trustb►wi9ike�ptl�Tast PropenY f�eltam eNGens end errcumDrances whkh tn any evaymay.in fhe JuC,�,natrtai =_—
<br /> hava o�ro�:aimP�+�thesecunnhv�.111isOeeddTrustbutTnista�needrrotd io�nef�sandsh�Ingn�dfaid�, _ --
<br /> BeneR�ary. A�Y _,�--
<br /> - - -- , Trr�rstta�l sSree•in wrftin8,�PBY the obRgetian s��Y����e m� ����t!he 'Ues�end ilrelo�s of arry iraerestln ar �"=—_ ._ -. --
<br /> ``� Contea!strCh lien bYsPA►WxlpteiB�af Ptaceedl 9 ' �;�s-=- -
<br /> - :�-} .' part o/ths Trust t�Ae�►Y- :'-�M---�--�---�
<br /> T. Nazard lnsurence.TrsEStw sASflkesP tne ro'/�����loss b�h����clu�7ed ln the te�xtended co ere9e'� � .and .�,�.�.. "�°•�_
<br /> �_, ��� insuwddyurst�anceca►nere � ,.�����n
<br /> �. �, such aftrer tra�rds,r.as�Ges.an��r►8enctes aa rrmy`Ae req�►red by Bene6cta►l,in sucA emourns and fbrauch periads as may be ' . ,: . �#� __''�:
<br /> j�: ��Qy Bene/Icia�yr.7t�pa�ky of insutartce shall d�e iftlbrm acceptable M B�ciarY.ProvitlelAat the same may not be -�� �,:,
<br /> able provlslons in favor�I '-���:-- y
<br /> �: cerrCeAed or moafr/lf�ed withou1l�tean(15J days Prior wri�el��fotce to BerrefrcfarY.arrd shaH Aave/oss pay
<br /> " �: d ictes shaH be Aeld in dre manner provlded�nder parag►aPA ��:`•
<br /> �.� ' in fGrtn acceptable tu BeneRdery.'Al!premlams orr 1r�surertce Poi • .:°~:��;.�.�"�°�`
<br /> rras to the due Oate,di�rectty to the insurartce ` _�.,,.--^ • �
<br /> ..:;a.'.;�:•''+` �> _ orffnarpatdtnsuchmannet.bY.Tiusto�maldrrgpayment'atleastfi(teen�i5)daysp' . :�"�.* �,�'�=J,
<br /> �` ca�f�r.BenelkiarYshatl hare fJ�agM to baiQ the�and renewa/s tl�sneofartd Trustor shailpromptry trrmish ro 8eneficiary aU
<br /> . D/e fo�lal/u►e to ° .y .i•c
<br /> . :• i: nsnewa�r�otices and aNp�dprernium recetpis rec�Ived b��!n na evem shall Beneflctaryrarising or�t of arry failu�e�y lnswance . ,_:� '�"'�•' �� `;
<br /> ' 6 n -t i."�r:�r:.f!
<br /> ,= `. '' loss ar damage a�fsl�rgoutut a detect tn anY po�e1r "
<br /> ,==':..: paYinsurance premi�s afararry • •.
<br /> � ''�-- compe�y ta P8Y for anY�S as demage insured agatnst arfarleilure Dy Trrat+�r to effect the irrsurancenreqma� roof o�e��event E.'' :',T,,��
<br /> ... i• ot Ias�Ttusta Shap give ptQmpt nodlce by mail to ttse inStirance carder and Bene1'rraary_8eneficiary Y P `,` '���--
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<br /> '�.c.° � � made promP�Y�►In pm�e►fa�mbl'Tiustor.All pWi�d'Ges of.insruence and arry and a11 refurtdsof oneamed preMums aro herebY s;.;`_.. ; :,�
<br /> pWi
<br /> r ' , ly- . ; assJgrted to Benefrc�ary asedtlitla�al secu►iN fvrth�paymentot the Indebtedness fn tlreg�t of Beneficiarysexercise of the power ---
<br /> af sale caMalned her�etn.atn th�eYB�tt p f. ' ,�a N R 9�ti f l e a n d f r►f e r e s t of 7rus.�?`"rr�f�arry insurartev poGcy then in tace. ;�:.�:, . .�.—
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<br /> •.', ,s.�rallPa��'itlrgpurchaserattliabrr�t�s.�a-t�,�acfaa�esaE�.lncasenfanyloss.�r,iaa9t.�proceeds�ay.atEtrecrp��nof.� �-. �.< .,,�,.
<br /> ' , '����`. �c 'r��'ti��`e�it�S�'�t?�thereot,anctcrsr;��i:�rtier.�dndar.raw"'�as6emef",mrrcc� , . __
<br /> ...�!,; =: 6'�`,e�+�.-�°'?C�'���� ,efid�P�:•. �, � a eL.":er.tt�r.�e�irr:t-�J�rarn�;:�r<+.s�r+r,s�rustl�ss� E� , �
<br /> _""" .�e'ivrn'r,�.�,-��€s�..r°"�:rx3?ro�'ssd.�aY�h2 r�,g-Ba�_3ti;�m�i r� :oe raceeif's,or arty�a�J►+�r�.+�.,t�cl�.,r,,s3t�� { ;"�c�`
<br /> � 1is'�7Y� `'• '
<br /> �,<<�f - ` ' pa�;yorS�"L-�fN'��dio a cantl"rUa��'t ..�.�.cz rsr:t'crr P �'. ` . ` " --
<br /> �i .i . , �,�ra.«, s4ch application o1 insur��a��"-��a?�tal��� � ,°� -..�
<br /> , �ti> [aleas�ta Trus�ar.tl7&ss�en@fleiB�Ysrr�Tr��df��!iseagr�°� '"'""��' ` � ,.,
<br /> �. '. . exte»d orpastpaa9 L*a t�aYJate M ths Nate;ar��g ir,staAmenis ca�°ed for G`��'t�charrge the amount aF sr�ct ui,..-J,;rtan:�:,,�a : : ..,F�< _-
<br /> .:,', :�'� ;,t;�.:, ` Trust Pioperry fs acqui;-��by Benef'rdary P���:ra the exercise of the powerrsf salB or ather Poreciasure;a7,'e:�.'!w�'a�B mr.'�res�cF " ;.�. _,
<br /> :, , i f � Trusrorin end ro arty ins�er+ae P�aa$ads payab.'s as a result of damage to the 1'r�st Prapeny Arior to the s2:e er a�qr�f�s:�asr s°!aApass F .
<br /> ° �`��' ' ti J.,i`1•.�>Y ro Berteflciat�►and shafl bs aPAAed nrst to the cosis a�d expe►�ses.lnclading a�Y�es.lncu�red In cWlecung such procesds.then �.; .
<br /> ;''�.� ;":'��;�;:%��.; !n the manne�and Jn the order prov�dad hsretn. �;�
<br /> ��� ' " 8, Preservedor►and MaintenanceMTiust PropeRy 7rusior wt1�keep the bufldings end other improvements naw ar hereafte�erected on
<br /> '� ;:`� will no!af[e�the destgn or stiucNre!cherJCfer •_�:'��
<br /> ,� ir• the Trs�st PropenY rn goa�repali and condipon er►d wi11 nat commit or pennit waste. , . �_. :
<br /> constttutlrtg any buifding now o�he�ealter erected on and consdtuting the Tiust Propeily without the prlor written consent ol
<br /> :,�' �;3. Benehclary,wt�l rtot do any aci o�thing e an lixt rres cdarstitud 91 Ae tnpist Properry unless the same are�medrate[y replaced�h • .� ���
<br /> �� the Tiust property.Trustof wi/l not remov Y
<br /> ��. _�;.
<br /> ' . �: like prope►tY sub/ect to tne iien and securily Jnteresl ol fflld Dead of Trust and ot at:east equal value and utiliry.Trustor wilJ camply with �
<br /> �:�' al!p�esenl and futu�ordlnanCBS,►r38y��tions and roqulrarrrenis ol any govemmental body wh�cA a�e applrcabte to the Trusf Prope�ty �, ,.
<br /> � '�% and to the occvpartcy and uselhe�vof.If thls Oeed ol Tiur,t�s on a unrr(n a condom(n(um o�a planned unit devefopmnnt,Tiustor sha►1 � . ���
<br /> 'z: perform all al fiustor e obllgaUUns unde�the doclorafiansor covenants c�eahng or govemfng the condominium or the p►anned unit
<br /> �^- develapmenf,th9 byfaws and►egu/atlorts ol the condomlafum o�planned untt developmen�,and the constit�ent documents, �'
<br /> , ' ` :i�, 9. lnspecUon.Beneficiary o�its agania may,af aJl roasonablH timas,ente�upon the 1�ust Properry lor the puipose ot Inspec6on. ,.
<br /> Benoficlary sh�ll have nn duty to make such�nspection and sha0 rtot be l�abfa ro liosfor o�to any person in possession if it makes ar .
<br /> ::;�' faits to maNe eny suct�inspeeUDn. �
<br /> ;;? f0. Ptotectlon of Secarity.U TiuSfo�lalls to pBAorm any of the covenants And agreements conteined In this Oeed ol Trus�oi H sny ac6on . ,
<br /> - :;:;:• or proceedlrtg is commenced wh�ch does or may adverse/y at/ect the Tiust Properiy o�the lnterest ol Tiustor a Bene(rciary thereln o� ,
<br /> � j`� the Utle of 7�ustol tha�eto,thBn Reneficlary,at ila option,may peAom►such convenants and ag�eements,make such appearances, ,
<br /> ,c` : . ,.
<br /> defen0 agalnst and Investl�Ate sacb ecfion a proceedin�end take such ofhe�action as Beneliclary deems necessary to protect its .'
<br /> :. ,;e lnteiest Inc/uding,tr�sit nal llmited to,dlsbursement ot reasnnab/e atlomey fees and entry upon the Trust Pioperty to maka repalrs.Any t�. . .
<br /> amounfs dlsbwsed by Benellol�try pursuant to fhis p8►agtaph 10,with Interesi thereon,sha11 constitute Indebiedness of Tiustor , .
<br /> s8cured by this Oeed of TtusR Unless Tiustor and Benellctary agree to other te►ms ol paymert such amounta shall be payabfe upon
<br /> noSce faam BBneNclary to 7rusta requesting payment lhereol,and shall bear interest/�om tha�ate o1 disbwsement at the defauit rare. � ;,,�.. ..
<br /> ,}���'' 1f arr�s�!foRh!n the NoJe,o�ofhenvlse at the hlghest�ale permitted by faw.Nothing contairte�in thls paragiaph ahaJl require 1. ,
<br /> 6eneFciary to lncur arry expanSe of take any acflon hereurtder. Tiusto�irrevocab/y autho�izes and empowers Benefic�ary to enter upan .
<br /> t ';' ., . , the Tzst PropeRy as Ti�sta�'s a�ent end,ln 7rusior's nanra or otAenvise te RQ��»any and all covenants and ag�eements to be
<br /> • • , ��; pedarmed by Tiusta*as heroln p�avided.Beneficlary shall,at its opdon,be subraga'ed to any encumbrance,lien,clalm or demand
<br /> „ . ,�., and t�aa:1 dghts an�SecuriUB9 fo�the�paymenf thereol peid o�discharged by 8en:fiGary uade�the provisions he►eof and any such ;
<br /> subrogc�on dghts ShAiJ b9 adaltlonal and Cumulative sgCUnry for thls Deed of TrasF. �
<br /> � �' 11. Condemnation.Ths praceeds of any awurd o�clalm fo�damages,direct or canssquentlal,ln connection with any condemnation or ,
<br /> �� '� ather teking o!the 7rust p�ope�ty,or any paA thereof,o�io�conveyance in lie�a'o�in anticlpation of condemnaBon,are he�eby �
<br /> asslgned to and ahall t�e pald to Benefklary.Tiustor will/i/e and prosecr�te.rr+g�od lalth and with due diligerce,tts clalm for any such , .
<br /> �;`. award or payment and wiil oause tha same to be co118oted and paJd ro Bene41oiary,and,ahoutd it fatl to do so.Tiusto►J�revocably
<br /> ;; 8tuthorizes and empoyv6►8 BbneJiClnry,In the name ol Tiustor or ofhen�vlse,to fite.prosecate,settle or camp�omise any such cfalm and i .
<br /> °. i; to callect,recelpt for and retaln the p�a�eeds.ll the Trus�Propsrty is abandoned by Trustor.o�afier aodce by BenefiClary to Tiustw '
<br /> �hat the condemnar affo�a to mske an�wa�d o►settle e claim!or damages,Tiustor lails to►espond to BenefJclary wlthln thlr[y(30)days � .
<br /> after the data suah notice is mallad.Beneliclary Is author�zed to coilect and appty the proceeds ln the manner indicated herein,The ;
<br /> proceeds of any awartf a cJa►m nray,altor daductirtg all reasonable cosls and expenses.�ncrud�ng anorney tees,whrch may have �
<br /> '�;.:- been�ncurred by Bgmallclnryln the coJiecUvn the�eat,at the sofe d�scretion ol Benef�clary.be released to�iustor,appbed to
<br /> , restoia8on o}Ti�s!Pioperty.a epplled fo the payment of the Indebtodness.UNess Beneficlary and Tiustor othenvise agree/n wiiting,
<br /> any such appflcationoJ p�a�69ds tvindebtedness shall'nof extend or pastpona the due date ol the Note os the payment ol any
<br /> ;;; ►nsta/lmenis ca!!ed fa�theteunder. .
<br /> . ';'. 12. Tiustar Nat Releassd.�xiensivn ol th9 tlma to�payment or mo0ificafion ot any amortlsatron o1 the Indebtedness gianted by Benefrclary ,
<br /> to sny successo►ialnter�sf o!7rustor shAl1 not operate to�elease,in any manne►,the llabiliry ol Trusfo�and Tiustoi 3 successors In
<br /> interest Benellclary shall naf be�equ/red to commenco p�oceedings agalnst s:fch srt�cesso�or reluse to extend time foi payment a
<br /> othen�vJSe mbdily�mo�rtlrettLn af the f►►debfedness by��asort ot any deman�,^��de by Tiustor and t�ustor's successors
<br /> � ',��.`,;��,:1:�,_ !nlntccwt
<br /> f3. Firr^�„^��;tafo�ma_*•'o!►.Upon retjtoast o!Baneficlary.Tiusfor will praWde to Ber,_'�;-�.y.wr�,�i^�°�1'e.y(90)days of ths close of each lrscal
<br /> � �`'�''`��.���,����' ye�r c#ttustor,t�coruolidated balan^e sheet and sttttement of eamings oP 1iu�:�a:s`t�'y�a�d a!I guarart��s o1 the fndebiedrtess
<br /> .� 'l�r�,',:.�! ' :'.Y �
<br /> �i' • ���`t•y�:�;; '':' ';'-:1 secur��h��eby,,.°�f,end will p:o•r19a a��64'�:�r to Benefic/ary such o:���":�:_�'c%�.'l�?�a���rrn a��s^+,:uc'�mapner as Beneti�iai}r�
<br /> � � ,';�.,.,:,;:�. " �' �it�onab/yrequesthomd:norat:�r;3. . _-.
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<br /> � , - -- - 14. ��tCovananfe.inati���,�taa�y,oU;^rttrr2ltClalCave.r�a�'Trustzrm��:3.�~_:,�o"�r��s-�`>�er,L;-r.,r.shumerstcr�C�^-?�" ._.
<br /> - . _: .- -�..-"-- - - `" � Tl�'shalica►r�v��4a�rd�;.s�,.�:�3 arsy and al!g�u3r�'�.���' h shalf r�a�'a.'�1 coven3lits and c4:uzi;ents s,r-r+^.�`�_�r�" "" ." � -:��;'':r;--.-
<br /> , ' � compAance wi0t,Wa r��owing l�narnclal covenants:(Thls pardg�ap Y�
<br /> �, . • f : fartl►harein.) : '
<br /> ,1� r ; 1b. Schedula of Leasaa.lNifhln ten(10)days atte�demahd,Tiusfor shall fumis.:�t:3eneficlary a schedule.•�:�+t�ed to by Trustor.set�rrg, .
<br /> - � ;' farHr a11 t�ases of the Tiust Pro�ny�ar any pa�tlon thereot,Insluding/n each casa.the name ot the tenati:'s or occupants,a descriptc�: , :
<br /> I. a�U/e apace occupled by stlC�tenartt or accupant,tha�enfaf payab��fot such space,and such otheNrifarmatian and documents wlth
<br /> ' i ' respect to suchleases a�rd tenancles as Benel/alsry may reasonaDty reqaest
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