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<br /> � and bh� �s�cution snd d�liv�ry o! tho D��d o! Tru�t do�s ao� vio-
<br /> �ry�' lati� aay aoatiraati or oth�r obliqstioa to whicb Trwtor i• aub-
<br /> *M.r j�Ct•
<br /> �, a g. . To pay b�fore d�liaqu�at ell tas�s,
<br /> '=` spacial assosemente and ali othor oh�rg�s aqaia�t tih� Prop�rty
<br /> ,", .� .� ,; ..
<br /> �,•�.�;:�•. aaw or h�raaft�r levi4d.
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<br /> `�� ;.:.�;,.; ,t� 4. insuranae. To koep the Property iasured agsinat damaqe
<br /> � `'� by fire hdzerda inaluded with tbe term "extanded aoverage" end
<br /> 't�..,��:a : `b„�
<br /> �_:�,.' �.��,: ,,.,; auah other haza�rda ae Lender mny require ia amounts a�nd with com-
<br /> �:-�. a�•° �� p�aies acaep�able to Lender, namfag Leader na aa additional aemad
<br /> ►• • � r•',. inaured with lose p�yable to the Lender. Ia case of loss under
<br /> �:��=-� �:��r•'-° such policies, the Lender is authorized to adjust, collect and
<br /> ,_`` . °r . . . . comproYaiae all aleime thereunder and shal2 have the option of
<br /> � n. • � applying all or part of the insurance proceede (i) to any indebt-
<br />� . " „ � edness secured hereby and in such order ae Lender may determine,
<br /> ' ' (ii) to the Truator tio be used fcr the repair or reatoration of
<br /> �"- '� �� �`�� ; tbe Property , or (111) for any othex purposa or ob ject satie-
<br /> F �. �,;.,:;;:,{.,;:;r factory to Leader w�thout affectiag the lien of this Daed of
<br /> ,.�. Truet for the full amount secured hereby before such pe�yment ever
<br /> ;�,.; .':�,}:,.„ •_1 took place. Auy application of praceeds to indebtednese ehall
<br /> �� r.:. • �, . not extend or postpone the due date of any paymeats under the
<br /> �::; ,f{��:�'�, Note, or cure any default therewader or hereunder.
<br /> - :'_ , i l::p-��?�
<br /> '�'``�'1�`�' S. Escrow. Upon written demand by Lender, Trustor shall
<br /> �';� �. • � pay to Lander, ia euch manuer ae Lender may �iesignate, sufficient
<br /> � � suma to enable Lender ta pay as they become due one ar more of
<br /> the following: (i) all taxes, assessments and other charqes
<br /> -- - - . - "�° eq�ina� tlfe Frogerty: (13) the grem;une on the property insurance
<br /> . ��' ''`� required hereunder, and (iii) the premiume oa any mortgage insur-
<br /> ; ; �::,.
<br /> � . , ';:�',;:':, ance required by Lender.
<br /> �.' ,•.., , ,, .: � .`.�
<br /> !,'•''?:''�-��'�'��'�; i A+*-a a d Comoliance with Laws. Truator
<br /> � ,,.,�,�:;;�,,,-: :� : 6. 'r!a ntenance R�
<br /> � :• <<.;.:;•;:..�,: shall keep the Property in qaod condition and repa3r; shall
<br /> �: �'. ���,:i,��'• promptly repair, or replace, any improvement wbich may be damaged
<br /> r:.{
<br /> ;�„ � or destroyedj shell not commit or permit any waste or deteriora- •
<br /> �ly:, ' tion of the Property; shall not remove, demolieh or substantially ,;
<br /> '�+, ` alter any of the improvements on the Property; ehall not commiL, '""
<br /> •� ��• " suffer or permit any act to be dane ia or upon the Property in
<br /> � � violatioa of any law, ordinance or regulation; and shall promptly
<br /> . , , discharqe at Trustor�s coat and expense all liens, enawabrances �
<br /> ! • , � and charges levied, impoeed or assesaed against the Property or
<br /> any part thereof.
<br /> 7. Eminent Domain. Lender i� hereby assigned all compensa- , ��
<br /> ' � � tion, awards, damages and other payments or relief (hereinafter �
<br /> "Proceeds") in connection with condemnation or other taking of � ��
<br /> " the Property or part thereof, or for conveyance 3n lieu of con-
<br /> �. . �� ,:,:. demnation. Lender ehall be entitled at ite option to commence,
<br /> ; ' ' :�_ �� appear in and prosecute in its own neme any action or proceed-
<br /> � ings, and shall also be entitled to make any campromiae or �aet- p�� ,
<br /> 1�� tlement in connection with euch taking or damage. in the event �
<br /> , ` any portion of the Property ie so taken or damaged, Lender shall
<br /> � n
<br /> ' , have the optfon, it its sole and absolute discretion, to apply � ,
<br /> + •� � all such Proceeds, after deducting therefrom all costs and �, ��
<br /> ` :a � expenses incurred by it in connection with such Prviceeds, upon
<br /> �, � any indebtedness aecured hereby and in such order a� Lender may
<br /> . determine, ox to apply all such Proceeds, after auch deductions,
<br /> � � � . � to the restoration of the Property upon such conditions ae Lender
<br /> ; . ' may determfne. Any application of Proceeds to 3.ndebtedness shall
<br /> '' � not extend or postpone the due date of any payments under the
<br /> ;. Note, or cure any default thereuader or hereunder. Any unapplied
<br /> _. . ��dg g1w�71 l,g nnir� tn Tru�tor.
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<br /> � 8. performance by Lender. Upon the occurrence of an Event
<br /> ' � of Default hereunder, or if any aat is taken or legal proceeding
<br /> '� �". " commenced, which materially �ffects Lender's interest in the
<br /> ' �,,.. �• � . Property, Lender may in ite own discretion, but without obliga-
<br /> � `' tion to do so, and without notice to or demand upon Trustor and
<br /> ' / without releasing Trustor from any obligation, do any act which
<br /> � Trustor has agreed but fails to do and may also do any other act
<br /> a ,.
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