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<br /> -. _� . . �. plrc�oaaxd�ea�nattA�tie!st".
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<br /> �Y�``......" .. �- =- .�tin�proandrr�aiidMo�1M►���vl�d�o�na,ass�d, rco
<br /> � ma�a:�.a.....+�a,w�m��.aw+rore.n.�c�.�r.��+►Mx�i►a.�me.�.�rr.rnc+�s��+r-!«�ra.:-
<br /> l ' � ,:. rnnlortfi��pwtbP+f►Mtw��andoEha►aAer�sl�du�wr►orassss�d.Pl�daf�
<br /> 4,o!t�d�bY.d�sDNdotTiustath�ntor�itlbr►Mr�ol. .
<br /> --�- `:�, s_,/1p;p�r,M44lPaPnrn�rxs A�rQayrt+.n(ar.carwa0�r�►+ads+ardsb��iab�TycrodttgatiarroweotoeanKrN+g►�ii;-Tn�ar.
<br /> �' may'AR*hp�t br eines�t+r�►to t�e wrnsne ams�nceDt+edhes�cr ta anr m,cn an..d�er,t+�t►or ob�gaoto►►�Ni+r�+�.r°'.
<br /> -- �? �• m�q«.pf�ppXCetiar�wMcn eNw�iciary.raris aasoruce disc�atron.de.ms ava+oprf�ra.linbss anerwrse elecred ar�..,.!�Y�r.
<br /> --- . e�t. au�_p��ta�aeDede.m�d+wa�ednrscmuispayn,enroranydebt6ab�ityoroakgaaa�o�►iermar;arenbre. �:. -
<br /> ;�� �l Cd 6.C ,(r�;LiN►s.Tiustorwill kesp fAe Tnut Properry frae frora alllie�and encu►nbrar►ces wf�h inany way may,in theju tot. --
<br /> .� g�r„haMa p►fori[Y ovbr,a,impafrUre ascuriry M.Lt►fs Deed ot FiusfbrrtTrusAxnped nat disclrarge any such Nen so�rg�s �__--
<br /> �- --- ,�- '�. TIt�J�r�a�ree,fn iiri�.toPaY��9adun secured by suchlier►in a rrt�rner ecCeP�ble to Benefrciary arrd shaliiij:good.faifh . __. --- - -
<br /> �, �„� cQry�a#such Gin bY ePP�aP+►�1e9�P�e��el�ctive to prevent tt�a enbncementatthe tierl arrd tt�e Mss ol any�nte,l�strn a. _T-T- -
<br /> _ p�"��i�Ire Ttusf Pnperry. = ��`_
<br /> � T.,F/;a�srr�/nwrance.Tirista shall keep Me buNdings and,oflrerimprovemenGs now existing orhereaRei erecta��rI th9 Trost.�?rt�!ry.. , __
<br />_ ��r y}� '� � i ._ by Insurarice caniers satrsfacta+y to Bene6ciary egt+�rlst loss by nie,hazards{nc/uded fn Me term"Bxten�ed covat,�,ge, eRd• �14�:�':��,�.,..
<br />, - - •�f �qfher h u z a n d s c a s u a i G es a n d c a ro n g e n c i�s a s n r a y.b e i e qulred b y BsneBci a►Y.in sucf�amounts and lorsech perrodSes may be. �1., �-LL;�:;,�..-:-_=-
<br /> u:
<br /> = � roqptt�tf.by Benetxlary.T�e potiayotinsurarlceshallDefn fam accePtable ta Ben�c�arY•P�nde Matthe same may natb�s. �e���•;-
<br /> t. •' - . �Neda modified wrtlaut fiReen 1i31�daYs Priw wnitten rro�ce to 8enefic/arY.arx!shelt have loss paf"ableR�sJonsin I,�vaOf and. , t Y" a--°-Y .
<br /> fcrt�"� aCCeptabte to BenehCiary ANW��ms on lrtsurance p0llCies shalt be paid in tf�e mannerArori�ed underPa�a9rapf�_4 Ner+eof, ��-� .,���,�_
<br /> ` :::;.,�;. a.,��rot paMlnsuch manner,bY Tn.stormakingPal►ment at Jeast fiKeen(f5)days prio►to the due date.direcBy b fhe Insut�rtrtce t��:^::
<br /> .> .= ± - _ '�. caqrl�r.Bene�iicraryshall have ffie nght ro/wld the policies and renewals thereot and Trustor shall promptly fumisA to Bene��,ciary alt � �,�,�.
<br /> w+e ro: , � �� :
<br /> � �,�. - r�at no6ces arM alf paid premiem recelpts received by it.In no evem shaY Berteficiary or Tiustee be.helaf responsibl�lg.t:f�! ,� -
<br />• - �� p�msurartCe prem/ums orforar+y Inss or damage arising oytof a defect in ar,.ry,policy a arising a�t of ariy/ailure ol any rn�urance �"���,___
<br /> _ ' c anY ro PaY fo►any loss ar da�►ta9efnsnred a�auuta fa�fai7ure by Trr.�'�,eHect.Ur�in�wa►i�e re�7ulred hereunde��n d►�swant:. ..' ��- � -__-
<br /> ��{?.�`- � ot�.Tiustar s/iai!�ive pranptr►otice by mail to the fnsuraece canier ar7�,�ficiary.8����-cia►f�may make proo/oflos��/not. "�`•, 5 �j.:.�...
<br /> ` �� orinpropertonnbyTiostor.Atipof,ciesofJnsuraneg��,F�'�'�l�'+������eamedpremJumsare..�e�Y. {,�',5, _
<br /> , ,;� , m�deP�v�Y �n the�e�rt oleeneficrary'sexerc►secF�he p�twwer : j� £, } �` ;
<br /> a�gtgned to BeneBciary as addtional se�uriry far Me paymeinof tlre��• },cF�;;; �
<br /> - � ot.�a/ecanrained.deretr►,aintheeventoftoreclosvre,el!►ighGOitleeGst�ti9�sIG1TiuStbFinendtoeny/nsu�CApollCy`fhpRiAl9rC8.. �,qY.�^.ryz�";:�,:'"'--
<br /> , �� . �.:�.:
<br /> ' -- � tlre urartce roceeds may,at the,pptlore.cf � a ,:�- �
<br /> ;, stAaltpassrothe�_cdaseratthewstee'ssalealaeclosaresale.lne�:efairyloss. ir�s P m "�,=,�'s:',_��,;,
<br /> g�iary,be,a��ied 6y BeneNcFary upon Me tndebtedness.ara►aY�.�2�Yeof,and rri.s�ch ader and ama�nt as Banefrcrery ap•.- ,�,4�x�
<br /> " � . detamdne:orsaF��risuranceproceeds,a[theopdwroiBe►?efrcr'�`3:mayr,eia�erbeusedi�replacingarestoringtheT'nr�Q,mperty. :„ , _---
<br /> , - p"pr1Fa1►y a rotalty�'�stroyed[o a condi�orr satistaetory to Be�frciary;ors�d insurance praceeds,or anp poRion ther�d�rrr�y Qe ,, �.. ,;,,.��s�:;K;,,___
<br /> •,.:�::,,;r:
<br /> r�/eased to Trus�Unless 8eaeficrary and Trustor otherwise agree In wriaing,anysuch app►1ca6on of Insurance praccEd�.�allnct• , • -.,, ��%t,��:=—
<br /> _ ...... �xtertd or postpc��.ahe d�a�ate ot tf�e Note or any irismllmeni�called fqr�eln,or change the amaunr of such�nstsrlmenrs.Nthe:. . ,.��'�":f�f:._=
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<br /> , trust Pnope►ry!s acquired by 8ene/iciary pursuant to the qxerclse ot the qs�of safe ar other fo►ec/osure,a►i dgh�fNle'arrt�Interestof., . � ;;
<br /> �' Trus7�r{n and to any insurance p�acee ds p ay a b l e a s a r e s u l t o t d a m a g e:r r t h e T r u s t P r o R e!N P n��m�e s a l e o r a c quls i t fo�shall pass ! �� '.'.'� .;_�` �•
<br />. `. .s' _ ' �r`.�.
<br /> , - to�e1lcJary and shal/be applled nist to the costsand e���s��►cluCing attamey fees,lncuaed/n co!leCUng sueh pr��eeds.thBn•, . -��`�
<br /> E ;; ;� �
<br /> . - In the mannet and in the order provided herern. . � �':°`.•'••.�`t!;�'```���•f
<br />; � • cd:� B,.iPr+eservatlon and Malntenance of Trust Property.Tiusto�willf�p�e biritdir,gs and otlrer�rovements now orhereafleF�raCted on., ;;,;;�..;::f�.. ; � .;.��,
<br /> , • `the T}v�!Properf',�,i�:�ood rePab and condidon and will not carrrinil or pc-rrra"t iras:e,wi�ra:ia/ter the desfgn or sbucNral CfJ�actBr ;`, , •,. � :#��
<br /> ',� `�' �constitupng any�,��f.Cng naw orherealter erected on and consGiuGng the Tru:t�ropertp wiU►out the priorwritten consent ol ; .,. f . �,,�
<br /> �'` �i:•v .�' 7..; r r �'r�'','.r . .. .
<br /> �.�•�.'; ; - `8enehciary,will r.aC�any act�o►ihing which would unduty impair or deFre^�ae ihe va1�e af the Tiust�ro�e�[y and wiJl nat abandA�I , ,.;.
<br /> ';.p';..;`,':•,.,%-'...';;,,.' / it .!`�'. . � +�
<br /> '•,�' ;,.r:;_..::,;;_;�,,, :�i?� the Tnrst Propeny:i rustor wi(1 no►remove any Trxtu�es consL�^.g the Trust Praperry em�ss�'re same are mmediatety rep[�ced wirh . �� � .
<br /> ? ,,:;,`:r-;. f 1
<br /> � , ° .�., ;��: : Jike propeAy.strbject te the lien ard securiry/nterest af Uris O�f ol Trost and ot at fesst ec�CaJ va/ue and vk.''rty.TINS70FWl�GOR1QIj/.Wt�!��� ..,'..':�7::;�,'r,ti..�� .� x3
<br /> . ,. �i;,�:� :
<br /> `` .:a!!present and fux��ordlnances,regulatlons and requlremenrs of any govemmental body which are aFp��able to the Trust Prop�rry • f, ,�� , •
<br /> �,' ��� and to the occu��,�."y and use ihereof.!l thls!)eed ol Trust!s on a unit In a eprtdaminlum or a planrted uz2 developmerrt,Frustor sh�l.• !,��`��`'�' '`�: < •i.
<br /> :: � `' .f . , ..
<br /> = peAo►m all ol 7rr�r:r's obligations under the declaratfons ar covenants creanng or goveming the condcr,r;�lum or the plannBd urti� ��
<br /> developmenb tte bylaws and�egulations ot the.condominium oi pianned unit development,and the constituent dvcumentS, � �
<br /> � 1nsFc-ction Benefrciary orits agents may,at a!f�easonable tinrss,enter upnn the trust Property lor the purpose of inspecb4P. �• �,:,.. .
<br /> Beaefciary shaN have no dury to make such inspection and J:�'not be Uabfe to'Iiustor oF to any person in possession if if makes a �� � ����>,,
<br /> . - . 1'1 fails to make any such lnspection ' � !=':`�"::":l� �-
<br /> . . L - . , : :.;f;itr.-` .. <:'-`
<br /> • l0 ProteCGon of S�c�iiy.!1 Tiustor fails to peAarm�.�y o/the ccr��a:�arrd�greements coniained in ihis Deed o1 Tiust,or H$ny�cf�on. , .;�i,;,;,;,
<br /> ' - � ' : ar proceeding is e�rnmenced whlch daes orm�,radverseJy-�ect the Trust i?�r�ser.�o�the Interest ol Tiustor a 8eneficlary.therein cu . :�,..,��,:�
<br /> � �� the UUe o!Tiusfo�t'�a�ato,then Beneficiary,ar::s option,may�QAOrm scatr ccrver.arts and agreemen�s,make such appeararrces. ,�4`�;;'��,;•, .
<br /> � �, y; : defsnd agalrtst an�lnvestlgate sach action or proceeding&rrC*ake such a�er ac�ars as Eenefrc�ary deems nec9ssary fo p�afeCf its = �::,+-':f;:.
<br /> • -. Jrrterest lnCfuding,but not limrted to,disbursement o!reascr�e anomey lees and errrry u�on the Trast?iope�ty to make reparrs.Any,, � i� '•' '.' ,
<br /> � amounts dJsburse�'by Benerciary pursuant to thls paragra�r�7D,with inte�est fhereon,sha:1 constitute lnde6tedness ol7rustor � ,,
<br /> � . secured by this 0�of Trust Unless Tiustor and genefrciary ag►ee fo oit�er terms o1 payment,such amo�nts sha/i be payable upan , � � , �
<br /> • �� notke fiom Bene`crdry to Trusfo��equesf/ng paymeni thereol.and shaU b�ar interest fiom the date of dsbyrsement at the delauli iate.: ; ; .
<br />� ., if any,set IoQh ir�fhe Note,or otherwlse at the hlghest rafa F,��^"ted by law.Nofhfig contalned in this�arag�aph sha�l�eqaire. ' ,
<br /> ' . �: . 8enenclary to 1nCUr any expense or take any acllon he�eundr� �r.�stor lnevocably autho�tzes and empowers Benefrc�2r�+t0 ente►.upon , ( I �. �
<br /> �' ' `'� � the fru�t Propeny as Tiustor's agAnt and,!n Tmsta's name er�:7eiwlse to pe�lorm any�.rd a1!cOvenants and 8greerr,ent9.to 6e ,
<br /> � �'�•;�.;..,� `� perfiJrmed by 7rustoras hereln provided.Bene(iclary shalt,rt,"*s opdon,be sub�ogated:o any encumbranae,lien,c�am o�demand•. ��. � , . ,
<br /> � �r' and to a!!r/gMs Grrd securities for fhe paymera thereot paid or diseharged�;�Beneliciary Undai the piovlslons hereof and any$uoh , � !�. ,. �,�
<br /> �' : +�� � subrogat1on rights shali be add'rtional and cumulative secun�y for ihis Oc�d cfi Trust � � . .
<br /> �r : . . .
<br /> • , .�: 1 f. Candemnatlon.The p�xeeds o!any award or ciaim to►damages,direct crcar;sequer„a!,in Conrtection with any condemn�tlon vr
<br /> �-,_ � ofhe�taking olthe Tiesf Property,o�any paAthereol,o�forconveyance�n::e.i o1 cr;n arncipaUOn ol condemnadon,a�e ne�eby, ; i„ . •,. �
<br /> as�gned to and shall be paid ra Bene6ciary. Trostor wil!file ar.d p�osecrr:e,rn goad f�ttr 2rd with due diligence,its ctaim for any Such , ; ;,
<br /> ' !�� award a paymenl,pnd wilf caµse the same to be collected ara paid tq 8ere"c�ary,and,should�f lail to do so,Trusta lnevacably. ,
<br /> `� aufho►IZes and empowe�s Beneficlary.ln the name ol trustar or pthen�v�se.[Q�;s,proseCute.setUe or campromJSe any such clalm entf . ; }
<br /> ,;,
<br /> ' �,; t o c O l f e c t,►e c e i p f f o i a n d i e t a 1 n t h e p►x e e d s.rt rn e Tiust Pio pE r t y�s abarrdar.ed 6 y Tiustor,or,aKer notice by Beneficlary t0lrusta � �
<br /> T ��� thal the condemnor oNera to make an award ar serrle a c�aim:`cr Camages.frustar fails to�espond to Beneficlary with(n thlrlp(30)Qays , , • .
<br /> ��� 8fter 1he date SuCh notice Is maifed.Beneficiary is autborized to Coflect and appty the proceeds�n the manner lndkated he�eln�he � .
<br /> '; proceeds ol any awa�d ar c/alm may.altei deducrrng all reascr.abie costs anC expenses,�RCluding attorney fees,which may have ;
<br /> �- beenlnc�ued by Beneliclary Jn the collection thereof,at the sole d�screhon of Benefrciary,be►eleased to Tiusto�,applied fa �
<br />� � !' re9toieUon 0!Trust Properly.o�appiled to ihe payment o!the Indebtedness.Unless Benehcisry and Ti�stor othe►wise ag�e9ln wi+tirtq. • �
<br /> i• any such appHCation o1 proceed3 lo lndebtedness sha(1 rtot extertd or postpone the due date of the Note or ihe payment o!any,
<br /> Installments called la�the►eunde►. i
<br /> ,` 12. lrustor Not Released.Extenston ot tha irme/o�paymenf or modrfication o!any amoKuatio»01 the/ndebtedness granted by Benelr'Ciary�, � .
<br /> ' ro sny successor in Interest ol Tiustor shell riot ope�ate to release.in any manner,the l�ablliry of Trusto�and trustor's successa�a in . -
<br /> �' inte�es�BenefiClary shall not be►equired to commence p�oceed�ngs agaMSt such successor o»efuse ta extend hme lo�paymant or� �
<br /> - ' � othenvlse modify amurl�zetion ot the tad�btednoss t�y reason of any demand made by Trusto►and 7�usta's successws . � .
<br /> In lnte►est ' i
<br /> `' �� t3. FinenC/al/nlo�madon.Upon reques!ot 8erteticfary,Tiust�r wdf provide to 8eneflclary,within nrnery(90}days at tha close o/eaCh!lsCal � ; �
<br /> - �� year of�iustar,th�consvhdatsd balance sheet and statement ol eaiMngs of Twstai and a�ry anrf ali guaiantois oi the tndebf�dn6ss �
<br /> . sec.re�d he�eby,!1 any,end wAl provide and debver to Bene�iclary such other financial lnformation and in such manner as Benelrc�ary �
<br /> rt�eyie8son8biy request l�om tlme to time. '
<br /> t4. �:�ranelal Covenents,tn addiSOn to any other Nnanclal covenants of Tiusfo�made in any olher agreement,insUament oi dacumenL. � �
<br /> -_--._.._ _.`._._ = - :i�stor sha/tsom�slY wifhand sttrti!crwseanysnd e1�g�eraramars ot the/r►debMdness seeured he�eby to cvmpl�wiih o�be in', -- - .. '. . _._._.__. . __
<br /> ''T ,� �Ct�mpilance wlth,the lallowing finarrc�a4 covananls:(This paragraph shall not appty if covenants and�equ►iemen[s are not sef .
<br /> , � f�th he�eln.) '
<br /> � � f8. SE,hedule o!Leases.Withln ten(10)days aftei demand.Tivsfor shail lumtsh to Beneficlary a schedule,ce�trlied to by 1'rustor.setting '
<br /> - - ' ' fOMr 8/1/eases ol fhe Uust Prope�tyr or any par�on thereol,incluttlag/n each case,ttr�nante ot Ihe tenanls or vccvpants.a descripkan _
<br /> r
<br /> •l ot�fhe spaCe accdpled by such fenant or accup�ft.the�entai payable for such space,artd such otherintomtat/o»end docwnenis.with � -
<br /> � ►ei+pect tb such/eases and fen�cles as BeneNcJary may reasonably request
<br /> �
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