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<br /> .�� Matrane»pnm1ums�Orourtd nnb,�nd all W1Nr ohM�wh�wrlwl�d upon a R�naad.Plaa�d a nNdu sQa1Mt fh�Truat
<br /> PropMiy.tiwta/uitha rprw�.upon w�fNn nqwrt by B�nNPolary,b prornPHY d�liwr fo BmoBolary�I!ncNpm Ibr tM paynMnt al
<br /> �x �+raA clw0a.Tnutor Nkrwia a�n�t ro p�y aA tax+�.ur�srrn�nt�and oN►a olwpu NvNd upon a�a�awd,P1+c�d a mad�
<br /> :�: �aN�tt.a mratw+�d by,fh/i Dwd ol Tivat a fM ncad�t/on Nr►�ol
<br /> 6. AppYoatkn of Payn�nh,NI p�ymma noNwd by B�nNPc/�uY w ro eny al�bt IlabUlty a obNOa�bn ow�d to BmNJOIary by Truil�a
<br /> x may bo q_Irpwd by B�Ao��rY ro Ih�p.ymN,r ol aM Indrbt�dn�s or ro any iuoh ahrr d�bt�N�bUiry a obNp�don,!n any ord.r a
<br /> a �;'.. e . . . �- ' - IIWNMI W��CIdOD INNQA B.n�fklary,ln ln.baauh duaneon,d.rrns appropd.n.unhu ah.nv/a.l�and bY B.nM�oi+►Y.�►Y
<br /> �.�; ..�.. .� wch payrtwnf ahd/6�d�d�ppll�d Nnf ro fh�p�yrrant ol any d�W,IIaWNry a oblJpadon odnr than tha Noto.
<br /> ,, . , Q. Charpo�;LNnt.Trwta w�1U kNp dN Tiutf Propnfy fiN Irom W INni�nd artoumbnnc�s whloh In tny way m�y�ln tM/u�in�nt OI
<br /> • ,r�:r B�mllcJiryi,A�w p►lon►ty owr,almpair th�a�curfry ol,Ihla DNd ol Tivat but Truaror nood not dfacharps any�uch Wn ao p�t
<br /> - �►'��;,;•";`'' Tiu�ta ahWl�pres.!n wdtlnD,ro pay tM obllpadon s�aured by auch den!n s man►wr accoploble to Ba+ellolary and ahallln Qood 1�lth
<br /> �`..�� '�.e�'��'. c o n n a t a u ch Nan b y�p p ro,pruh I pd procMdln ps�N�ctiv�to pnvmt fh��Morc�mer►t ol qw I!u►and th�bu ol any 1M�htt!n a
<br /> �•... •�•:` p�RMthr Tivat Propaty.
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<br /> .Yr.d•r�•a'::�•"'''�;'�e :: 7. Haswd Insurexe. Trustor slull ke�p dw bWfdlnpa ond othe�lmprovamonta now exlsdng or here�Rer ereoted on ths Triwt Propo►ty
<br /> :� ,.": = :• - lnsurod 6y Insurenca canleia eada/aarory to BeneNclary�pa/net bse by Hre,hazerds lnoluded ln 1he te►m"extendod coverays"and
<br /> �n suah othor Aazards.cesua/des and condngencles es mey be requlred by BeneNolary,!n suah amounts and fa suoh pedods es may b�
<br /> � �� ';;;�z requlred by BeneNcfary.The polfoy ol Inawence shNl be ln/am acceptable to BeneRclary,provlde that the eame may not be
<br /> f�,,:i.;.;'�r ° ca�el/ed a modll/ed wlthout lllteen(t b)days prJa wrltlan nodce to BeneHclery,and shall heve loss peyabfe proWalons ln lavo►ol end
<br /> I;,=r H�r �. •kr • �• � .+ In lam ecoeptable ro Benaliclary.All premluma on lnaurence pollelea shell be pald!n fhe manner provlded under paragreph 4 heraof
<br />•:r•��';; �., � ~ � or.!!not pald!n such manne►,by Truator making payment at least filteen(16)deya prlor to the due dere,dlrecUy to d►e Insurence
<br />�> '' � � � ^ caMer.Beneflclary shell he ve the dght to hold fhe poUCles and renewels thereol and Trosto►shaU prompdy lumish to BeneNclery all
<br />,�,_.�;°.
<br /> • renewel nodces end all pald premlum recelpts reoelved by!t.ln no event shall BeneNolary or Tiustee be held responslble br lallwe to
<br /> ' ��4��;. � • '� pay lnsurance p►emluma or/or any Ioss or damage erJsing out of a de%ct In any podcy or arising out ot any/alluie o/any Inae►ance
<br />, . •�.•�;� company ta pay lor eny bss or dama8e lnsured aqalnat or/o►lellure by Tivata to ellect the lnsurance►equlred hereunder.In the event
<br />, �ti��.� :.;�,_ � � ��a ol loss, 7n.rsror ahell pive prompt nodoe by mall to the lnsurence caMer and Benef;clery.BeneNclary may make proo/o/lass!/not
<br /> � �,, •° ` made promplfy or!�proper fo►m by Tiustor.All podcles of lnsuranae and any end all relunds o/uneamed premlums are hereby ,t�
<br /> � ' ,� ssalgned fo Bene/lclary es additional seaurity for the payment ol the Indebtedness.In the event oi BenellcJary's exercise of fhe power
<br /> ,��" , . '« �`•�! of sale cornelned hereln,or!n the event of brecloaure,aN rlght,Uf/e and/nterest ol Trustor!n and to any Insurance pollcy fhen!n lorce
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<br /> � • � ' shall pass to fha purchaser at the huslee's safe or loreclosure safe.l.�case o/any foss,the lnau�ance proceeds may,af the opNon o/ ,_
<br /> r�� " �',':�r; � ,���}:��`'i� Benellclary,be applled Dy Benellclary upon the Indebtedness,or any part thereof,and!n such order and amount as 8ene/lclary may
<br /> ,�'.`•��.� ..,... i. . .'��t�'�:.�4 .
<br /> ' }r,•.;.:. . F, datermine;a sald Insu�ance proceeda,at the optlon o!6enelkJary,may eifher be used/n replacing or restoAng the Truat Propeily
<br /> I��� ' � � (�•:� ;.,�„+.�._•. ,l�';��.�,•�•�• parflally or totalty desfrayed fo e condltlon saGslactory to BenaBclary;or sald Insurance proceeda,or any poRlon Ihereol,may be F.
<br /> • "1 "'`•� ' '� ��' re%ased to Trustor.Unless BeneNclary and�iustor othe►wlse agree In wridng,any auch appllcadon ol Inaurance proceeda shell not
<br /> ,?�<•�=���� � �"��;�'����•� ; extend a postpone the dus date o/the Note,or any►nstal►ments called lor therein,or change the amount ol auch Matellments.ll the
<br /> . : �%���•�� Tiust Properly is ecqutred by Benellc/ary pursuant to the exerclse ol the power ol sale or o►her lorecloaure,all Nght/!tle endlnterest ol
<br /> ''. Trustor In end to eny lnswence proceeds peyab/e as a result ol demage to the Tiust Properfy pdor to the sale or ecqulslflon shall pass
<br /> • � • b Benellclary and sha/I be applled Ilrst ro fhe costs and exper►ses,lncludlnp aftorney fees,lncunod In collectlnp such procaed8,fhan
<br /> !n fhe manner and In the order provlded hereln.
<br /> - ----- -- 8. Prasdrvdticm nn�i R3alotanence u1 Trust Fr�periy. Trusta wlJ!keap the burldln�s and athcr lrnprovr�ments no�tr ar heresfter erect�d on
<br /> the Tiust Pioperty/n good repalr and condltlon and w/ll not commlt o►permlt weste,wll!not alte�fhe des/yn or strucfural che►act�r
<br /> • Cnns7tutlnp any bullding now or hereaRer erecfed on end conaNfutUg the Tiust Pioperry wlthouf the pdor wdtten consenf of
<br /> Beneliclary,wlll not do eny act or fhing whlch would unduly/mpalr or depreclate the value ol the Tivaf Property and wlll not abandon
<br /> �� • fhe Truat Properry. Trusfa wlll nof remove any lixfures consti/utlng Ihe Tiust PropeAy unless the same are lmmedlately iepleced wllh
<br /> �� llke properfy sub�ect to the/!en end security Interest ol fhls Deed ol Trust end of at feast equal value end udN1y.Trustor wlll comply wlfh "
<br /> all present and lufure oidinances,regulatlons and requlrements ol any governmen/al body which are appllcabfe to fhe Tivat Property �;�
<br /> and to the occupancy and use thereof.ll thls Deed o/Trust Js on e unit In a condomin/um or a pfanned unit development,Tiusta shall
<br /> `, pe�lo►m al/a!Trustor's oDllgallons under the declerefiona or covenants creaNng or goveming the condominium or the planned unif
<br /> development,the bylaws and regulaUons of the condommium oi p/anned unN developmenf,and the constifuent documents.
<br /> '!' 9. InspecHon.Beneliclary a its agen�s may,at all reasonable times,enler upon fhe Tiust Pioperty lor the pwpose ol lnspectlon. �w�
<br /> ��•� Beneliclery shall have no dury[o make such►nspecUon and shall nof be llable to Tiustor or to eny person/n possesslon!/!t mekes or `�l
<br /> ';r �alls fo make any such inspection.
<br /> !� f0. Piotection o!Securiry. ll Trustor/alls to perlorm any o/the covenants and egreements contained!n this Deed ol Tiust,or i!any acNon
<br /> , • �`� or proceeding!s cnmmenced which does o►may adversefy aNect►he Trust Property or the lnteresl o/Trustor or Bene/iclary thereln or
<br /> �'� � ''' � the tiHe of Truslor the�efo,then Beneliciery.at its oplion,may pedoim such convenan►s and agreemenfs,make such appearances,
<br /> ! ; � ; delend agalnst and InvesNgafe such acUon or proceeding and take such ofher actfon as Benelldary deoms necessary to prolect ifs
<br /> ' �• + �� interest lncluding,but nW Nmifed to,dlsbursement ol reasonable attomey lees and entry upon�he Trust Properry to make repairs.My ,
<br /> ��� ttmounts dlsbu�sed by BenellciAry pursuant to fhis peragreph 10,wilh In1e►est the�eon,shall constitu►e Indebfedness ol Trustor
<br /> � � secured by Ihls Deed ol Trus1.Unless Trustor and Benehciary agree to other terms ol payment,such amounfs shell be payable upon
<br /> �� nptice Irom Beneliciary Io Tiustor requesting payment thereol,and shal!bear inte�est Irom the date ol disbursement et fhe delault rate, .
<br /> ' ••• � '' � i!any,se�/orth in the Nole. or otherwlse at►he h�ghest rafe permitted by law.Nothing contained m tlns paiagiaph shall require "
<br /> �; :��� Beneliclary to incui any exponse or take any achon hereunder. Trustor�rrevocably authonzes and empowers Beneliciary to enJer upon
<br /> . the Tiust Property es T�ustor's egent and.m Trusto►'s name or otherwlse to peAorm any and all covenants and ag►eements to be
<br /> ' pedo►med by Tiusto►as herein provided. BeneGciary shall, af its opf�on,be subrogated to any encumbrance.Uen,claim or demand
<br /> � and fo all rlghts and secur�tles Ior the payment thereol peid or d�scha►ged by Benelicia�y under fhe provisions hereol and any such �
<br /> subroge►ion righfs sha/l be addiflonal and cumulativn securiry for th�s Deed ol Trust.
<br /> i 1. Condemnatwn. The proceeds ol any eward or cla�m lo►damages, direct o►consequennel,m connection w�th any condemnaflon o►
<br /> • o[her taking o►the Trust Prope►ty,or any part theroof. or for conveyance�n IJeu ol o��n anUc�pahon ol condemnet�on,are he�eby
<br /> . asslgned to and shall be paid to Benel�ciary. Trustor wdl fde and p�osecute,�n good ladh and with due d�ligence,ifs clalm lor any such
<br /> ' � award a peyment, and w�l/cause fhe same to be colfecfed and paid to Benelic�ary.and,should rt/ad fo do so, Trus►or nrevocably
<br /> authorizes and empowers Bene/iaary.�n the name o/Trustor or otherwrse,to Ide,prosecute.seftle o►compromise any such c/aim and
<br /> , to collect recelpf for and retam the proceeds.If the Trusf Pioperty rs abandoned by Tiusto�,or,alter noUCe by Benelic�ary to Trustor
<br /> . Ihat the condemnor oNers to make an award or settle a tla�m!or damages. Trustor fatls to respond to Benelrciary withln►hlrry(30)days
<br /> aRe►fhe dafe such nofice�s ma�led,Benehciary�s authorrred to colloct and apply the proceeds�n the manner�nd�cated herem. The
<br /> ' proCeeds of any award a cla�m may,aRer deduchng all reasonable cosfs and oxpenses.rncludmg attaney lees.wh�ch mey have
<br /> been incur�ed by Benehciary m the collection thereol,af fhe sole d�screhon o!Benel�c�ary,be released to Trusfor.appl�ed to
<br /> resforadon of Trust Pioperty,or appl�ed to the peyment ol thte Indeb�edness. Unless Bone%c�ary and Trustar otherwise egree m wnhng,
<br /> any such appl�cation ol proceecis fo lndebtedness shell not ertend or postpone the due defe ol fhe Note or the payment ol any
<br /> { Insteflments celled lor the►eunder.
<br /> L .. . t� TivaM�Nn►Ro/aacad F■ranc�nn nl►ha�ima Inr navmanrnr mnddir.afion nl wnv emnrilznNon ol1hA Indebtedness o►enfed bv BenehCie►V
<br /> � � to any successor in mterest o!Trustor shall nof operete to re/ease,�n any manner,the l�abd�ry ol Trusfor and Truste�'s successors�n
<br /> • - lnterest.Benellciary shaq nof be reqwred to commence proceed�ngs ageinst such successor o►reluse to extend t�me fo►payment or
<br /> ofhe►wise inodily amoitizetion o/the fndebfedness by reason o!any demand made by Trusfor and Trusto�'s successors
<br /> '� ' �n mrerest.
<br /> , •• 13. Flnancfal/nlormafion.Upon�equesf ol Benel�clary, Tiusfa will provide to Beneffc/ary,withrn nlnety(90)days o/fhe close o/each Irscal
<br /> 1� , year o/Trustor,fhe consolldafed balance sheef and statemont of earnings ol T►usfor and eny end ell guarantors of the Indebtedness
<br /> secured hereby,!f any,and will provide and deliver to Oenellclery such other linanciel lnloimation and�n such manner as Beneliaary
<br /> � � ���� .'' mey reesonably request bom time ro time. �
<br /> � J4. Finenclal Covenants./n eddiHOn to any ofher Hnancial covenants ol 1'rustor made m any other agreemenf,instrument or document,
<br /> � ; �,`.,<•�. �••�,� .� Tiustor shell comply wlfh and shall ceuse any and all guerantors of the Indebtedness secured herRby to comply with,or be in
<br /> � • compllance w/th,the foNowing llnancial covenants:(Thls paragraph shall not apply il covenants and requirements are not set
<br /> ;,�' forth hereln.l •
<br /> � f5. Schedule ol Leases.Wilhln fen(10)deys aRer demand,Trustor&hall lurnish to Benel(clary a schedule,certilied to by Trusfor,setting
<br /> ; � ' lonh ap leases o�the Tiust Prope►ry.or any portion theieol,including in each case,the neme ol the tenants or occupanfs.a descnpt�on
<br /> of the space occupied by such tenant or occupant,the rental payabfe/or such space,and such other�nlo►mation and documents w�th �
<br /> respect fo such leases and fenancres es Beneliaary may reasonably request. .
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