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!�iu yra. --- ?��i - - - y�I" .'"�.��ri I'�' 1 �:-'�'..a;& .. ..»�.° , . . __-'^ _
<br /> ,_ _ . � . ' `s ,, F', L N ._ . , . I .� " . __ —
<br /> �( �- � .- � � , - . , ' �ar'�.c . ' -- . ., , .. . -- - . _ -�.`—
<br /> }�. ,:-+'. ���.>-_..s_.:�= Q /��/y,n d /��, wr �j�es whatsoesierlevfed yya�orassessed.Pfaced orrrrade aga►nst ths frust
<br /> \�4::.. . ���r1�Y�' ��C!�'W���m�/
<br /> - ' �" �`:: Pnoperty.Tiu�AOt fuN�e►aqrees.upas�wrilgeR n�qug�t by Berrs�rcFary,to peomptl�del�verto BeneTrciary ait receipcs(a',the PeY�n�o1..
<br /> 1�� �": ' suCf►cha►ge�.Tiustorlikewlseeg/eestoR�Y.�q1�4gS►���Br�F►fii�erChBrges/8viedttpOnor�ssessed.Rl�c6dOrmade.
<br /> zl'.%" - S���/��r ' � . '
<br /> ;� , agatrts�or measured by,M�'s Deed ol�TiLSt or't�,{e�ord
<br /> ,z:t: '�'z'�.- ° .Q 5. Applica0ion ot PayimenG�AUpaymenG'i naceTyer�4Y.�F��Y as fo any deM,lia.pitiry n►oDligaf/on owed to 6ten�fFclary Dy Trusta►
<br /> : v Q� may be applied by Beneffclary to the payment of tf�st,lANJtk�ness u to any suct�.oU;er debL Uab�1�Y or a�Ji9a�.ln any orde►ar
<br /> s�.::` � tron,deems s ro date.�Untess otherwlse e/ectad 4y Bgnefrciary.any
<br /> � �<�,:.•� mannerof licaoian whfcA Benetcte !n iis abs i , �
<br /> ,a.��. . , . � 8PP IY� !�t�4 i���G�� PP f� �.
<br /> - '•:k - � sach payment shaU be deemed appGeq fusi to dtQ,paNt►1�!It af arry de�t,ltad►ity or obligaoion otherthan the Note. -__
<br /> .� ' -• �4.�` , 8. Cfrarges:A�ens.Tmstar wiD keep the i'rust Propq�r,Ite�h�om a1t Iiens and encumbrances whlc►�fn ar►y way may.In the judgment ot �=___.
<br /> • � ' _� `°; •.� , � � g���fary,have priori�over,or impatF the secumX,�f,this Deed of Tmsi but Trustor need not discharge any such llen so tong as ��_
<br /> t_ �«-� . � �.,� '.
<br /> _� � � , •• 7mstorshall agree,in wnting,m pay the abGga�o�_sgc{rred by suclr tien Fn a manner acceptabte to 8enefictary and shafi�goad!a� ���
<br /> °`��:- = - ! �i serch Gea by appropriatelegal�oro�eeding�;�flep.�ve oo preveni the enfarcement ot the flen and theloss of any/rrter�st�n or �.��,�
<br /> =:� �,., :. .� ' 1 - part of tAs Trost Prapeny. —_ L.� ----._.
<br /> . . � °".�"r.�
<br />�- � ( � T. tlazard Insurance.Trustar shall keep t�e buitding�S7ndgJhe�improv�r�sjj t.s Row e�Jsbrtg or�ereeJYer eracted on the Trusf P�operty .�� a� __
<br /> lnsured by insurance carders satlsfactory to Ben�a���q(agaiASt,(os�hp,trr���a#a�ds irrcluded in 1he term'exten�ied coverage"and � „�.. ..
<br /> "�t � , - casualtles and conAn enclas as ma e�eo,w ,�e� ' , s �amounts and forsuch periods as may be �:-:.:a�� °��;;,
<br /> s uch oiher hazards. 9 J�Q �I�Ql�� �4n � 's
<br /> ' �-'��^'�"�.. . :�.�.' re4uired by 8enefrciary.The polic oflnscuapcQ$ha��2t�lit fpr���r,p t�.�..M��� f��N•rk�v{de lhai the same may not be -�•� :;_
<br /> �=�� '� � • cancelled armod"fied wiUzarrt trReen(f.51 days pri4/,�y!{tt�/J,•rjp4�h?��,7����!!.,aR��;�al��i�X�foss payabl8 A���s in favor of arrd 2 � � -�;;.
<br /> .,�'�=r � in form accepta6le to Benefrciary.AJ!premiums Qn.�gs{,!(�?�$,Roii. � ,sha(9�P�1�j(1 t/i.��'►�Aner provide�un�erPa�agraM 4 Irereof -�`�,��*-
<br /> .. _'��." . or,i/not paid in such manner,by TiusQqr mafdng Qa!!►���f�lqa�t,�s 9rt f.i5)Qaya�rr/i'/r the,¢ue dafe,directty to the insurance 4" = -
<br /> .` r,arrler.BeneRciary shal!trave ttie dghCtp trold�;qo,li��s,and r,$rJer,t�{S.�lts/eoi and Y rorsha/1 promptty fumish to Bene�rciary all -���-`
<br /> � • re»ewal rto6ces and a!1 paid prerruum receipis rec�jvq�hy i#In qo pYB�t.¢ha7 Baaefrciary or Truste�be held/esponsi6/e fo/taifure fo �-
<br /> , • �r�� ,�` - �� ` pap insurance premiums or tnr anylos�or damage.,�tis(ng out 4i:�defr�ln arryr pofrcy orarising aut ot any�ailure ofany insera�ae '`;;�-
<br /> - • compa�ry to pay/or any fess or damagH,insured agait�sJ.�l�c��if3u.Frustpr[o eflect ths insurarrce required hereunder.ln the euem :_ •�:�„�-T,.
<br /> "` � �, , otlpss,Trusior shall give prompf notic�:by maiJ tp t/�e,jirsu�an�c�xand Beneficiary.Benefrciary may make prnof of loss i�aot - - ;��-;
<br /> '. : � made prarr�°�ar in properfom►by TaistOr.A/1 po�i�gs af.li�strtair��x{rt�any and a!!refunds of uneamed premiums aie hereby . -j�
<br /> • �,,.'�� � , , tn the evei►i of 8ene�ciary's exerctse of the�oyver ' ---
<br /> a�gned:�8��,�iciary�s addiConal sBCUrity for t�j$�payrnQrrf r,��JtG,•/!ld�I7tQd.►�,�s•
<br /> - ' . � �,, ; of sale ear.�i►��3"1eie�:cr in the event uf fareclosprQ.,aU.dghf,tille arrt�IIit9�(.ot Tiustorin and to any insu�ance policy thet€irt fotCe �"-,
<br /> . • . , • • ,. .�• , �t�!!pa5sla Jv wrcf.�=set�i the Ouste6's sa/e or�,/osure sate.�n�case,q�,9�i�.�j{pss.the/nsurance proceeds may,ai the a�+n ol F �
<br /> � ' � ��fcc�r�,�=E�plett ts;r Bsr+elrciary�ipon the lrt�jept�d/7Ass.or arry Pa�t fhe(94T=�n¢in such arde�ane�amount as Benenc.'�may, i :;�� :..•
<br /> � . ' , � �,�-�T�•�said insurarrce proceeds,at the opbp{�.4f��'�?a�iciary.may eithqf�b�l/;,&tt.n+�Placrng or restorinS.tf',e Trust P�F�rty P ; _ —
<br /> ` �f cFt�f.�:/ destto ed to a canditid sa6slact r �efiaary;ar said Insar�*���eeds.or any pomc,r,u�aot,may�,. . }:;;'�. ;, ,,.:°:: -;__-==
<br /> , � . .a�--� y y n Qal�� ;
<br /> • ' �. retease�rQ Trustor.Unless Bene6clary�nd Tiustar,otlre�v�se agre�fi cyr�tqg.any,s�^.h applica�on o1 insu�anc�Frs�eds�:�rmt , ,„ ;_^
<br /> •� � extend or paVfpone the doe date o/the�tot�or any,ir�statimenfs F�leq lar thef.�i�,o�change the amount of sact�crr�,faJfm�r,r.tf�he �; � • '`�
<br /> ` ` . - _ • Tiust Propeiiy is acquire d by 8en e f ic iary pu�sua n t�t h e;e x e�+c t s e o t N I e p o w�r�v f S�l Q o r o t h e r f o r e c t o s u r e,a l l a�k�,c 7 t'e��est ot _.._.... ..; i�:`-= -
<br /> Tiusta in and to any insurance praceeds papable.�s a te�v,tt At daraaqe to the,:,'{ru9J,P,npperty prior to the sa/ear��,^�rs��an.strall pass � . ' •.�3
<br /> to Beneficiary and sha/l be applied Frst tQ the cosi��nti gx��rse`;�rrcJpdfqg�tin(n�14�4.�r inca�recf in colfec�rrgs::�Fr��ce°d�then : ;�
<br /> ' , '' `, . ' � in the maimer and in the order provided 1lsrein. -• -:., . �;';�.
<br /> 8. Preservadon arrd Maintenanca a�Trust Fmperry.Trusfor•t�r�E N�s t/i��buildi�gs and pthe�;imp/,Q.y�9(nents naw crh�a�rgr�tFCf on , , .,� .��
<br /> . . , ' ihe Trast Properry in good repair and coridrGon aAd,yvillqct aomrrrlt P�pg�it svaste,will not,,attet jhe,design oFS^ucturai ctraract=► i`'�.� � ;•• '
<br /> ' ` • . constitutfng any buildrng naw nr hereafter,eracfed oR and Ga�u6tutipg!he Tru9t P�operry ry"Khqut.�p'e p�1or writtea cansent of. ' ;. � .�. .
<br /> • � 8enefrctary,wilf not do arry 2ct a thing which wauld�nd�9J+impair a deprg�latR�he,Yalue nf tbe,tros!Property�t�will noi'��rdon ��•.�.- �:t..
<br /> �:.,.,��.
<br /> � lhe Tiust Properry.TrustGr ts�:J not remov�any tixiur�s.Ganstituting�he.Tiust Prppe�ry,ynlass the same are imrrrecii..?!y replas�wirh ��. ., �
<br /> � � � � � • like prope�ty subject to tirel.�en and securi!y interesi a(1h1�desd ot T/ust a!+d,Al af i�a,5t equa�,yafue and uti/rty..Trtis;o�wil!cqrr,�fy wifh �".•� '�
<br /> �fl present and future ordinances,regutatipns and requiremertt$of.e�y.gavemmqp($t,dpdY�+Arq{+,�lB applicakt�ra tae trust Prvperry ��'
<br /> . . • � . and to the accupancy and use thereof.It this Deed ol 7r�st i�an a-unit in s ca�dami�iu�n.qr a p��q(�d unit deve lopmen t Trus tar s h a A ! . . ..
<br /> •. � � pedorm aJl of Tiusta's otrliga6ons under ttia decia�atiops o'r coven�ltts creating qr gove�niqg/hH,Fondominium a the p/anned unit ! .
<br /> • devefopment,the bytaws and regu/a�ons ot the condomt�fu�4r planned unit.deve{o�rmen,t,,�nd fhe constituert doce,menta. � ,
<br /> - � � 9. Inspection.Bene/iciary or its agenis may,at att reasprt�3blq�:nes,enter upon the.Trusl P�opQ�ty!o�the purpase cf inspecUon. .
<br /> ' , � .. • Beneficiary sAall have no dury to make such�nspecirap af�Q sha!!not b9 tiable to Trusto�pr to any person in pas�ession if it makes or
<br /> . • tails to make any sucAinspeation.
<br /> ' i0. Protection ot Securiry.!/Trustorlails to perlam any pt ttie coveoants.and ag�eemepts¢ont�i�a/��n rh":�eed ol Tiust o�il any 2.^.6on
<br /> � • nr proceedirtg is commenced which does o�maK adver�.�ty aflect the,Trust P�ope.Ay,a�tne:jptatp.st�f LvstoT or Beneficlary�rerern or
<br /> - '. ' . !he titla of Tiustor therefo,then 8ene(rciary,at its opti/ro,may pedoms such CanvepaRtS A►+d.�Qr�B,r,enfs,make such appeara7c�s, � .
<br /> , ?-�>; , . defend against and investigate such actionOr p�oceedM�a:,d take such other actiR�a&.l3�neJ(crary deems rece�a y t0 pi0fe.^.�rts , �
<br /> "��:�' • interestlncluding,butrrct iiraited to,disbursement o/i8asorab/e attorney fees andPntn/,uA�p tt/e Trust P�oFerry ta rr,ake repa:�.Any • .
<br /> • '�. : . amounts disbursed by Beneficiary pursuant to this paiagra,�h 10,wr'th rnisrest thereon,bhall,ap/►stitute Inde�i�rtzss af Trus�r ". .
<br /> ' • • secured byth:s Deed o�Trust Unless TiusiOr»nd Benehc�ary agre�f4 ather terms o!payrr��j�r� uCh amounts 51^�;:'bs payaCiB upon '
<br /> ' • � no6ce lrom 8enefidary tv Tiusta requesbng paymant thereof,ar,d shell,bearinterest from the��ate ol disbwsE:r,r-.,t at the�et�..'r rate,
<br /> � il any,set torlh!n the Note,or othenvise at tho higheat rcro Ferrr�:ted�y law.NothiRg contai�Qd in this paragraph s"a!1�equc� . �
<br /> � Beneficlaryto incu�any expense or take anyaction hRrBdJrder-Trus:�rinevoeabry�tutnqrizes.and empowers Berefcrary to enter upon
<br /> . ' the�rust P�operty as Tiustor's aqent and,in T�usto�'.^,namrt r.rotnenr�lse to pedarm any,and,all�ovenants and agreements to be ,
<br /> ' • pedom►ed by Tiustor as herein provided.Berrflfic�ary&4�11,at its ap'lan.be sub�4gatQd tv�ny,c�ncumbiance,l�En,clatm or demand , ,
<br /> . , � 8nd to a/l�ighfs and secu�iGes lo►the payme/►t ihereCl�a�d or disch�r��'d by 89nedcidry��n7p(rhg,provisions hereof and arry such
<br /> t : subrogatlon►lghis shall be additional and cr.^.�u/aGy�sec�r'ry far�hl�pesd ot 7�usL , :
<br /> . . 1:. Condemnation.The p�oceeds df'any awara ar clarm fqr�:�nages,direc�or consepuenl+al,.�p nn�rng�tion with any Condemrtatiob oi
<br /> , � � other taking ot the Trust Prcperry,or any part thereel,u►rcr conveyancv lrt l�eu al 01�n dntic+paJiop a!condemrtarien,are hereby
<br /> �. � , � �.sstgned ta and shaN be pard ro Benefrciary�Tiust�r t�i�l1 tda and prosecute,in�aad farth�nd w�th,due diligence.,is claim lor any such
<br /> t
<br /> award o�payment,and vu'1 cause the s2me ta be coHected and pa�d to Benefia�ary,and.s�rould•(t f811 to d0 so,trustor Inevacably
<br /> • ; autho�hes ard empowers 8enelrc�ary.�n the r+ame ql7rustar or atharvnse,to l�te,pfOSRCl/fQ���idJl(d,n�compromise any such c�aim and
<br /> . ' � � to colleCt,reCe:pt for and retaln�he proceeds. I/the Tiust P�operiy�s abartdoned by 7iusl���0!�alte►noGCe by Beneficlary to Trusfar
<br /> thaf the corCemnor ofle�s to make an awa�d ar seflla a c/aim fa�damage,s,7�ustoc!a��s to r,espond to Benel�ciary within thiny(30}days
<br /> � • • ' 2ft8�thB date sach nof:ce is m�iled,Beneflciary is authtt�t2ed to CalleCt and app!K the p�oceeds'in Ihe manner mdrCated he�e�n.Tha
<br /> . �ioceeds o1 any award or ctalm may,aho►deduating atl�easonab/e costs end expen.sns,�hettrdiqp attaney lees.v�hlch may have
<br /> - ' besnlncu�red by Benehcrary rn the collection therepl.af tde sote discretlnn at�s.iAl�r.nry..be rPtaased to Trustor,apphed to
<br /> • restoration ot Tiast Property,or appiied io the payment o!�he lndebtedness,Un!�AS Beaeflr:fl4!linr�.Tiustor olherwlse agree�rt wnt�ng.
<br /> � any suCh appliCation ol p�oceeds to fndebJadngss sh�ft nat axtond c�AoslpCne!he due.date pi 1he,Note or the payment o!any
<br /> � ' installments cal/ed lor thereunde►.
<br /> . 12. Trustar AJof R@leased.Extension of fhe time lor payr�ertt oI mod�trc.trt�on a1 any.nmplJ�a.tGOn ol the lndebtedaess granted by Benel�ciary
<br /> to any successor in Interest ol T�uslor shat/not aperate to re/ease.�n any manne�,�he lia4d��,r p/Trustor and Trustor's successors in
<br /> � � interest.geneficiary shall not 6e requlred to commertce proceedinpe aga�nst such successor pr�efuse to extend time fa payment o� �
<br /> : ' othen�vise m�d,(y amoR�zalion ol the lndebtednass by reason ot any,demand made by Tu�stnr,�nd T�ustor's successors
<br /> � in inte�est.
<br /> . 3 � 13.'Financial lnlomtation.Upon�equest ol 8enehclary,T�ustof w�N p�ovide to Benel�crary,�v�th�n,m��f�{80)days o1 the cfase ol each hsaal
<br /> � • yea�ot Tiustor,rira cansohdated balance sheet and atatement of eamings a!Trustor.and any,an8 ali guararrtors o!the lrtdehtedness
<br /> . �a; ' ' �� secured hereby,il any,and w,ll pravlde and detrver to Beneficrary such othe�f�nancra�info�matroa end In such manner as BeneUciary
<br /> � �:� ' � may reasonably iequest fiam 6me to time.
<br /> ?4. Finartclal Covenants.In addiUan to any other(inanc�al covenants ot riuslor madeln any ather agreemenf,inst►ument o�documenr.
<br /> ;� 1 Tiusto�sheU compfy vrith and aha/t Cause any and a!!gnaranto�s ot the Indg6feoness seC+�red ne�eby ro comp/y with,vr tre in ____ _ �
<br /> - � -? --' . -: - co�rrpliance wifh,tn�fo�lowing l�nartc�at cwenants:l�his paragraph shaJi nvt app/y if,coverianis rrrit rEqr���ements ara not sef � -
<br /> . . forth nereln.) '
<br /> • ' 95. Schedule ol teases.With�n ten(10)days aker demand.Tiustor shall lurmsh ro Beneliciary a schsdule,ce�trlretl to by Trusto�.semng
<br /> �Y , forth all leeses of the t�ust Prope�ty,ar any pordon the�eal,inc/uding In each case.the name ol the tenants or occupants.a descnptron ,
<br /> . � �i , . • al the spate occupied by such tenant or aCCUpant,the renta/pa yabte lor such space,and snch ofher�nfonnatron and dacuments wrth
<br /> ;� �eSpeCt t0 SuCh leases and tenancles as Benetielary may reasanably request :
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