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<br /> _# .��•�°= � ` �t�xanGSPr�n�n�Qround ro+t�.�rtd�liotl�cn++�es wAataoiv�r h�a��a ass�ssw.Pr+!�edor m�apotnattl�.Trutt.
<br /> :- ; �- pmpe'r1yr.lrtr=tW MM�r��s,eipon w►tctrr►r�Awst Oy 8atN7ciary.to prompty dNiva to 8�rnitiCiary aR reCNpts lo►d10�B�Y/n�►a' _
<br /> _ _�� � � auclr ch�►Qes.TILSlnI NRtW1S!�QI�QS f0(!�y AH t�1tl9,�sif3smMt3�d 4tAer CherQ�s tev(ad upon or assessed,pl�9d a made �� __ �
<br /> t� agdnst ornHaswad Dy,tl+►a Ge�d at Trusta the/acordatfan herea� _ .
<br /> i =. =. 5. II ppfica0ion of Payments.AU peyrt►Qnis recefved 6y Beneficlary as to eny debt Ii�Eiliry or obfigaBVn owed ta 8enet�ta�►•Dp Trusta �_�_
<br /> '��° --�•?�� :y � inay pe epptled Dy 8enefiGary to the paymentof the Indebtedness or to any sueh other deDt JraDiGry or ob6 y ��` '=�• '��
<br /> gatietf�,(s en IIrder a ;��}.-
<br /> - iw.- :, O �mannerof kcaoion whTcb Ber�e6cf in its absdute d►screaon,deems apprapriate.Urttess otherwise electsr�lly.FeneSdary,arty :�` �° , _
<br /> . �`;��<<_--.'... _::� :. ry 9 � ,� �. - �i
<br /> . ; 1 . �j1 srich p8�+rrl��sh�l1 be deemed applied�rrst ro the payment oleny debt liabiG aobli aGOn ather than the N�es �s '��—` �"
<br /> "; :�. .;<<;- : .. � , .���, , �r. t -�
<br /> �,� .� 6. Charge�Uens.Trustor wiU keep fhe Tiust Prvperty hee f►om a11 liens and encvmbrances xfiichin any way m�tjy in ihe judgment af � __
<br /> -.. ,�� .<•:: .- � g�eff�y,have priarify over�o�impair the securiry of,this Oeed af Trust�ut 7�ustor need not discharge any;�att�en so leng as r;:' - . ..,,�.
<br /> Tnrstorshali agree.fn w�n�.to pay the o6Ggation secured by such fien in a manner eccepEa�ile to 8erref�aryyandshal�in 3vnd taitl� krx T � �� -
<br /> - ��,.� �. � ` �"4 rrate f al in s e f f echve t o preven t t h e e n f o r c e m e n t o i t h e l i e n a n d tha l�ss M.a r►y,uKerest in or �z;`° :� - `k°
<br /> -'�" ;f,= .. : -; corttestsuch lien by aPP�P� e9 P���� 9 . � . . _
<br /> `-:4�= . ,"`;`�";< patt of the fnist FiDpe/% k��, X
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<br /> .�e.i%: {` �..;,,. . _
<br /> � l.;�'�sf t.��f���:�,�� . T. Nazard/nsurdnce.Trusia shal!keep the buildrngs errd oUrerimprovemerrts aow axfsting othere�ter ersctgd.Q�the TruSt Property j:_ .-_
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<br /> ; '���±��".fi ti,._ � insured by insurarrce carrie�s satisfactory ro Beneficiary against fass by 6r�hazards inctuded in the term"�Oderrded crnerage..and F,;, . -
<br /> �+�I�L4 ..
<br /> F. .:.� `'=`•y��f��.�s��(�f�`t • ,f � . . srrch other hazard�casuai�es artd contirtgenctes as may De required by Benefraary,in such amounts and,YOr suctt Aedads as may be ;,, .�,
<br /> �,�:}. �:
<br /> .,� �,_�`�', yr•�-n�`'- .: .� `Bq�red by Benelfa�The porcy ofinsurance�ral1 De in tarm accepiable ta Beneflaary,provide thai Utasame may noi be .�t,. ,. .¢:.._.. ...;
<br /> :�_,.r.,t..,{,.,t f. ;
<br /> - .4-,-�}�r,';%�1�`. . c�rrc�''edor mod�fcd wiUrout fdteerr/f5)days ar,"ar w�fenna�ce to Beneficiary.andshalthave(oss paga�l8 pmvfsinns in lavorot and . � —
<br /> °:='�r.,i'�f:'e;:�at:.� `� �artrnr.;.3eceptabie 2�Seaeficiary.�Aremioms cn insurance�r.res shal!De patdin ths ,w.,,er provideai:ilncler,paragraph 4 heieof �=—r `
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<br /> .� •jy, i�a�A�. .. .F:�.:-::._ .. ..:
<br /> �,` - _ �.?v^.�� � a%`,�r.,ai paid ln su�r manner,by tcu��maldng paymerrt ar 1'c�`�een(!5)days prior f�s�»��Je�are.direatCy,ta the irrsnrance i!,,;;,;;;;;;;,'.
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<br /> 5 ca►riei BeneSci��al1 havs tf'�?��'r%:Q h01d ihe porcies ar�c�s8wafs thP�zGf end Tr.sstDr 5:�3�promptf�t�umtsh ta Bene�rciary aIf <,?4'7,5 _ { .. , _. '
<br /> . .`.:�::. . -
<br /> �; ' - ' renewaf natices���1 paid pre.;.:�.�-?rQCeip�c�eived by it!:�no event sh�,'��3e.eF�=a..�*�r Tvstee be�re��-respansibls far far7ure to �tt�,r� 'i : . .
<br /> '±. '� •. - . pay insviar.ce pr�?Jmsor for a�yi fass ar d�.��arising ar�a3a defeci irr azy��;r m'a;�'sing autot am};�f&itGre at arry insurance t,���.�'.,�':;`':L'�'�•; � %`•� �
<br /> ... ..�.r-.?�;e>;.�. ;r,:_...: : .;.
<br /> - . .,. �� . com�rT to pay for any foss ordamage insarc-d��ainst or far�"ure by Trus:�.r:?e..�L°s�Lnsurance req4tited he�eunde�tn the evert `°::`'�-`�r,.;i:��c � ..;-.'
<br /> - at!¢ss:;nrsto�shalt g7ve prompt ca�ce Cy m�:7..�,rhe rnsur^�au3��nis�aed 8ene�icia�y-8xaefrciary may make qmat attass it no� ,.:,�.,.,.,,.. �;.;;:-°.�i,-
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<br /> , ' maa'��rumpfly or in proper form by Tiustor.M�aaficies Qfi`�s`:t�i��s and arry.a�d a/l refunds oi vrreamed premiiuns a.2l�ereby ; #,,r.�.:,,.=,
<br /> ;�_.; • • ac,s7gned to Beneflaiary as addiGonal security t'vr•�i�:p2�?'.:�'Y`t°lnd�:�szss.!n the event of Bene�uFfrry�s ax�,�se ot the Rower , ,�r k.-���:
<br /> ;: .�,� ' . ot sale confained herain,or ln the event ot lo,ra�f,�;ra,�11�?51 n�J'asd�'�s`of Tiustor tn arrd to an�fris.�anaa po�'=3+�'�en in forF,�e :�.�: Lc z� - .
<br /> :� '� ' • shall pass to the��.�hase�ai the dustee's's�ls���ireeldsrr,�s3�:In rz�a�•�Y/oss,the insurance p�a�s_may�ar�re apnon at ;:. �E `��.
<br /> �1 �' �` Benefici a ry.be�1"r��by Beneficiary upaz�`r�h!�ebtedrr�ss:*sr:a�y pa�t6�-�af,and in sucb order�af'arrrauqt-a&De,z�,�iciary rr',.�� s',:. . .,.' �� , —
<br /> ' • -�"<f" ` det�rns:o�s��i:�s:rran�e proc�Cs af��?a�on of Ber.�3�;�y,may e.�rarbause�:r�z ra�lacing a,�FSStaring:the�eu�'Propeny - ,� ;.};<:�.,.:`;;"`.,i�' : „� .
<br /> `� ;�;, r rna be �
<br /> `?� ` , ,.;. ,,�;:,�tia,�,.� � • . ,v�'••�:.<.. �
<br /> � � t pan"aL'y o�totafiy��'QYed to a c�r:���an s�,tis:actory ia 6e-n�:iary:Of SBidirTSUfBftE�±DrD�3dS.af$nY Aartian ihe ea�, y • ��•:,,,;,:,.•;•�.,;+�?�'s �.
<br /> '.F��•. ^.,,.,,,;r;��41 t• � , an suc�a al�cat�n ofin$urance proceeds shapnot . . �:f;:.:;:;;�,,: ��;. • �$�
<br /> �, ,, i:;,�.��r � • refea'sed to Tru�r•_;h.le�s�+�t+aia?:ar.:.Trusidr othan�isa.��""ee ln writirt9� Y P. . ...,,3i ` ,'�•'
<br /> •r �` ` �r,�* extend or pos�r.�r1.�a;2�aac��•.t;a;ti;:�;�r'a:ry inStaL..?*�*.s'balled for tt_re7r►,or c�r�rrg�ihe amsu�if"af'suciJ instarlmerrts.IPthe' ' "� , , Y.�.
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<br /> .�,''. ��;�:�.:. . 7iust Proper:l?is�-;.,y:rt:��1s�r�3?3���.f�rsr%a?'F�t�e�c°•w�g of ihe p�rrar of sate ar,a�ra�f�recl�sure:a11 rigirL titte and fMere�t ct f -.
<br /> ":,': ` �j .: �. ,•��. , Trt�Fi?a.�i��^,k.:S`a:t�C+y:%'x�CS�2y,�?3'25 3 tP.�.:..�a`�a.�nBgE f6 4h�TNSf�t039/!j/3DdOl.�4tl8 5818 0►QCQBi$f�lOI1 Sh3D�r_.^K �,i-f;' � ''��`r :.`r'��.:;�-::
<br /> .r�,.,;:- � � (�,, g y irt;uned u►,caliB�tiot sJei� ..Ceeds.L�re�► ,,.t'r�.'•,;,s'�'r `a �.�'�
<br /> � inctuO;r, ai:ame fess, S P`" :;. ,• �;..
<br /> '� � • ' �g,�r.,rFw�a-�5'dII�8 2r.(J(ISv'�i.'Sf f0 UI@'COS[S 2ftCf EF �s. ,r�,.y •�•••,�+ ��,;"
<br /> ; .;:5 ,�. ; -;,;il.. . �
<br /> , ':i- `�� =1•-' ir�t�i.c-,n��rer 2��rn"�cr2er prDVjd2d herein: •f¢<<s�,�,�;�.
<br /> 4`?`;%�. ' • �.�... . .,c".:_':,1{.� i..�(•+,r.,��
<br /> - „`� �: ,,.,e•'•'. �•'< . ir ance af Ta�st Pro e .T::s�r w:�.t lr�J�b���irr�s and otAe�improveme�itD n�w.ai.heraa�er ereCted on .;;;{3:;;�;�-;�.t t4r..�;,����
<br /> ` ' ;�.�`•,:�•.t i,,':{,' :; , 8. Pre�:�ratlan av;�Ma 2n A KY ; :
<br /> . •-,; :�t� .: • �.�,�,', .• i the Trust PioperEy:�n gaod repaliand condi6or and will nof carnmit o�pe�nie was[e,will not a/ter the•af'd+si�ri oe.stmctura!CharaCter ; � ' u .,
<br /> "�N�1:
<br /> ;� , . , , ,,„ cansGtuGng aiy bvi/ding now or hereafier erecred'�n and constituting the 7rw-t Property withouf the:p�ias written consenJ of ��s "°I , �� u
<br /> • . , � � Bene�ciary,will not do any act or thing whicb would unduy impair or dep�eciate the value ot tde Tivat:��npeRy snd wilf not aban�on ;' ;� : ,__.
<br /> the Tiust Property.Tiusto�wil/not iemove any fixtuies consMuOng the Tiust Property unfess the samR�are immediate/y�ep/aCed with �r „
<br /> : . . .. � /ike prvperty subject fo the/ien and secunry inferest of this Oeed ol Trust and of at least equal valu8•and'utility. Trostor wip compfy wrUr .,i : _
<br /> ad p�esent and future ordinances,regulations aRd requirements o!any govemmentat body which�e applr"cebie to the Trust Properry r i
<br /> , and to the occ�pancy and use thereo%I!this Deed ot Trust is on a unit in a condominium or a planned'uni�d�velOpment,Trustor shall ;� , ..�
<br /> � . . ' ' perfonn at!ol Tiustor's obligabons under the decla�ahons or covenants cseanrtg or goveming the�nndominium o�the planned unit �� �
<br /> r... . . devefopmont,the bylaws and regulations ol the condominium or p/anne�f unif deve�opmenL and iN9 aonStRUftnt dOCUments.
<br /> � . 9. Insper.GOn.Beneticrary ori�s agents may,at a/l reasonable trmes,enter upon the Trust Properry tde;tHe purposa al mspectron. . :„
<br /> , Beneficiary sha/l have no duty to make such mspechon and sha�l nof be 1,able to Tiustor or tp aa�Spe►san!n possessrpn il it makes ar
<br /> � lails to make any suCh inspection. • •
<br /> " � 10. Profection o/Securiry.ll Trustor ta�ls to pedorm any o/the covenants and agreements contarned�n thls Deed al TrusL or if any action ; ,
<br /> . - or proceeding!s commenced whrch does or may adveisely aHeci the 1'�ust Property ar the intd�rest'olTrusto�or 8enefrciary thereirr ar ; ..
<br /> . fhe tide of Tiustor lhereto,th2n Beneficiary,at its opt�on,may peAam such convenants and ag(ooment5.make such appea�ances. � ��
<br /> � delend against and lnvestigate such aCtion or p�oceeding and take such other aCbon as Beneli�rary.deems necBSSary to protect ifs ,; ;
<br /> ' interest lnClud+ng,but not limited to,disbursement of reasonab/e attorney lees and entry upon�itte Trust Arope�fy to make repalis.Any
<br /> � � � ' amounts disbursed by Beneliciary pursuant to this paiagraph f0,v�ith inferest thgreon,shall eansirtUtB lndebtednoss af Trosio� � •
<br /> � secured by this Deed ol Tiusr.Unless�iustor and 8enel�ciary ag�ee to othe�te�ms u!paymehr/.suoh amounts shall be payab/e upon � .
<br /> _ notice fiom Beneficlary to Trustor iequesting payment thereol.and shall bear;nterest lrom th��Uf9 0l dis6u�sament at the delautt ra*s. �
<br /> , , � � it any,sei larth In the Note.o�otherwise at the highest iate permilted by law.Nothing cont�ined in tlii5 pa�ag►aph shall requiie .
<br /> ;. � 8eneflclary to incu�any expense or take any actlon he�eunder. 7rustoi irrevocabty authorfzes.and"ompowers Benefrciary to enter upon
<br /> ;# � �,,��:•'•�� the Tiust Properry as Tiustor's agenf and.�n 7iustoi's name or othen�vise to perlorm any�and�a�'aoven&nts and agreer^ents to De � .
<br /> , .�}.r��r:;i��' , perlormed by Tiustor as heiein provided.Benelicrary shall.a.*�ts aptron,be subrogated ra an�lanaumdrance,lien,ola:m or demand
<br /> "'`' and to a!1 dghts and secudtres lor the payment the�eof pa�d or d�scharged by Benef,Gary undGi�tNg prov,sions heieo/and sny such. f .
<br /> � • subrogation�ights shall be additional and cumulaf,ve secu�m,�fa th�s Deed o17►ust , �•
<br /> • 11. Condemnatlon.7he proceeds o!any awa►d or claim toi damz�es.dnect or c��sepuen��,1,rry a�7nact�ars wRh any condemnatranor !
<br /> other taking of the Tiust Pioper.y. a any part thereof,or for cor.�eyarCe�n ii��o!pi in,;nh���aYan�l candemnatiort,a�e heroby „ .
<br /> ' •� ���I'�' assrgned to and shall ba pa1C.*�Benehclary. trustor wdt f,le 2^�Arosecu'g.�?goad fa:tn and';v;fd due d���gence,its elalm for an�s�.r� �
<br /> ' ' "�,%i;�� � award or paymenl.and wiJl causE-`•e same to be co/lected ar,r1 paid to Ben;,.',ciary,and.shbu!9'�t'l�il to dC so,Trusto�lnevocab6/ '
<br /> . autho�izes and empowers Benelrc�ary,M L�e ra:ng of Trustor or othenv�s�.fo f;le,prosecute,sBtU9 or camp►omise any such cl2rt»�.wc� � .
<br /> • ,'��. , to collect,receipt for and�etain tha praceeds ��^e Tiust Pioperty Is aba�+d5ned by Tiustor.aEt.ett9�natice by 8enel�clary ta TRwFOr �
<br /> �; # � that the condamnor oHers to make an awa�C o�s3ttle a claim for damages.Trustor fails to►espand td Benehciary within thirty 680)days �
<br /> � •� a1te�the date suCh notiCe is maifed.Beneliciary is aufhorized to cotleCf and app�y the proceedk+h!Mo manner ind+cated heior».The k
<br /> , , proceeds ol eny award or cia/m may,affe�deduciing all reasonab/e casts and expenses,lncluttirrg atftrrney/ees.whlch may have �
<br /> been incuned by Benelrc�ary in the colloct,on thereol,at the soJe d�scretion of Beneficiary,be�e��3ased tb Trustor,applled t�
<br /> � • restoratlon ol 7iust Property.or appl�ed to tha paymortt al the Indebtedness. Unless genel�Ciary,��rntl-Trustor othe►wisa agre6 in writ�nq, ;
<br /> �' any such appllcation of proceeds to Indebtedness shall nof exfend oi postpone tho due date ot tNe N6te or the payment o!any 'r
<br /> • • tnstallmenis called fa the►eunder. +
<br /> � 12. Tiusto�Not Released.Fxtension o!the ttme for peyment or mod,ficat�on o}any amoK�zafion o/t/iH lhd6bt9dness granted D�Benefrciary ',
<br /> . to arty successor In lnterest of 7�;�s.or shall not operate to re�ease,in any manner,the tr�,�d,ty ol tiustbrpnd Tiusto�'s suceessors�n �
<br /> �� interesL Beneficlary shall not Cc-�,1��ared to commence p�oceedmgs against such suvG��sar orrolGse tb extend time laF paymenc o� i .
<br /> ;- . � othen�vis�modity amortizatron c`��>;^Cet�e��ess bV�eason of any demand made by Trustor antl�Trustor's successor3 ;
<br /> �. ;�„ � ,. in interest ' �
<br /> �
<br /> 13. F;nanclai lnlamaBon.Upon reCuss:cl8ere°�:�y,Tiustor will p�ovide r,;�_,s;'iciary,wi{hin ninay(90�:de/s ot the clos�o!each hscal �
<br /> • . .,. � , ` �'�•�� i yE�Y�1 Lustor,the consolida[c-+r'�r:alance sheet and sta'e,r.E^�ol ear.o,:.��.�`tiustor a^��.�y and al�gua�antors of itse��ndebtedness
<br /> __�� _ -��a,:;. _ -
<br /> • • � , � 3G-.�:,'9d tteiBby,r1 amr anc�::��i�'}�OL�ldE'3R�J f.JR.ilvgf fD E&�:t'�C:�7:�t SUtf]O.'.b21 t,n�nci�>±ry!xmation and�a such manr,E�as 8er�e6Crary _ , _ _
<br /> ' ��� � rraj reasonably request fiom��to tlme. •
<br /> -_' '�� � . ---� -�- -� 14. flnaacial Covet�ants.lnedd+fian tQ any etlter financlal covFr.ants ol 7rirsrri�.rcrade+n any ofher agreemenU�nstrumeni a document.
<br /> ' ��� •� � trustor shal!comply with and shall cause ar,y and all guaiantois of the Ir.d_bfedness secuied hereby�.im aampty with,o�be in �
<br /> � .�; . .
<br /> •;� . � compllance with,the lollowing financ/al cov9nants:(Thls parag�aph shap not appiy if covertants and�aquirements are not sat �
<br /> ,' forthhereln.)
<br /> � •! 15. Schedale of Leases. Withln ten(10}days after demand.Trustnr shall turnlsh to BenefrC,ary a schedu/6�,ae�trlr�d tu by Trustor,seKrnq
<br /> • ' forth all feases of the Tiusf Pioperty,or any porUon Ihereof,lncluding In eaCh case,the nama ol the tendntS ar aCeupants,a descriptror� :
<br /> _ • • ' 01 fhe 8pace occupJed by such tenani or occupant,rire rental payable tor such space,and suCh oihet�iM6rm�t/bn and dacuments vri� �
<br /> ---- - • �espsct to such/eases and tenancles as Be»eficiary may�easonably request _
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<br /> , .,. ,
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