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<br /> .G�..�R..iic� ` �� � � � �
<br /> -,,� . ,� �ii�rancsr�►�9��ana�roN�rct�SwA�no�wrl�tidwoar�'aasses�ear.a�edorm�dtaga�rstt�tTn�#.�.
<br /> �--- ` ptopiry,Ttuslo►1l�rMrra�rNS.upamwr�snn�StpYB�►Y•�P��l°�l'�'"'�tbBsrtNFct�rya�r�c�pESlbrth�P�y�tM�•'
<br /> =9 ' ` �ucltcAr�.Tnqlbr�E�+Si��P�Yy��andaM�rctw�s_hvlad�ponorass�asrd.praaedan!�(i,:
<br /> -r .. ��arnN�rsursdbY•M�sDsedol7nrstorMa.ncordaoa+lH!�cf.
<br /> —�: �QS.wPP��a���WY����d�►�as A�anY deb�/isbfity oroWiga4w►owed tb B�neliclarf+bY rlw�►. _ -
<br /> nvaY be at�P�d bY BensficiarY tothe PeY►naRta�fhe/ndel�tednessate any such otlrer de�liabr�lYa oblige6on.ire anY or(Mta• =
<br /> �� . � rt�r�nero/�qp�ca�on wl�ich BenefFceary.In iLa a�discratian,deerns appr+op�iae�:UMess ofharwrse etectsd by Bensfic,��ry.;a�,, _ _
<br /> ��'• strak be�ie�l�ed ep�ked frrst ie tAepa�rmertt oteny.deb�GaDi4fy oroWigaQanotherUran the Note. �x.
<br /> '� �'�:` ,- . � � Llans.Tiuslbr wW_keap fhe Tiust Properry free trom al1 iiens arrEf ertc�mbrarrces wh(cA in any way may,in ths judgr%16nt of, 1- ---- --�
<br /> _ Q� �9�: an sucA lien�o k}i�q as._ ;�?� "a"
<br /> -= BH+Bficiary,have priotiry ore►.orimpair f h a secmiry of,Uers t)eed Q�TiusibrrtTntsAOr rreed nat descharge y .• .,� �. _
<br /> ey TrusQorshaY agree.in wiitlrg to Pay the obligadon secured byauch lien in a marmeracceptab/e to Beneficiary and shatl in�ood faiNt r� ` -
<br /> -- -- corM�ststich tien bY approp�iate�e9�Or���!9S efltecbVe f+0 pretreni the Bnfcxc�ement o�lhe tie�'t end MB loss ol anylrtt�f in u►, t,= �, `'��
<br /> �� � otfhe Titist . . . : :. .i�� � t '`'��'�
<br /> ':�T�� Pan RoPerry �-' ��° =-
<br /> �� * - � 7. Hazard/nsmance TNSia►shall kaeA the brrildings and otl►e►impravements narv exisdng a hereafter ereCtBd on tAe Tnist�,ropertl�., ,� �-�..r,_ _ _
<br /> ;,._ .. �.
<br /> • : '��_�•``. - < rl , insured by insurance ca�riers satisfactory to Bene�iciary agairrstioss by fire.hazards inctvded in the term"extended coYera,ge.:eitd . ..=
<br /> ,�asuchamo�ntsandforsuchperioc��asmay�e.,. �_`w� ��
<br /> �: ��-�:: Qj suCN oU�e►hazards,c8sttaf�es and Connd'���be in forsr►acce����l:P►avide that Me same may rwFAe. - -- . �, `` � r��_,_
<br /> _ ,4�•. _ nBqt�red.bY BeneficiarY-T�P�Y pt`�- visions� v . -
<br />. , • � �� c a n c e t l e d a r�w d i T i e d w i t b a u t 6 f t e e r e(1 5)`da ys p r i a w►itten ao6ce io Beaery�avy.ar►d shal1 i�ave toss paya4/e pro R�a avt and,:r _ ;: .:_ � ,-�,'�=�
<br /> �_�=��.-� d in ttFe manner provideaE u r r der parag r a�p h 4 he r a o!, ,
<br /> - � � irt lameccepteb►e to Benetfdary.AA premiems on insurdnce paiicies st}�II b�p� • ; . . ; ___
<br /> ,::*�� :�`' : a,ilnot paid in sucAmanrter,by Trustorma�o�rg paymertl aileast�rReenll¢�;d�ys pria to the drre date.directly totheinsy_ranoa. .2 :. ; _ . . ;_ '.r' ,
<br /> �_�"=--'---
<br /> -,;- - canier.BenefiCidryshalihavetheright to hdd the,policies and�enewals tlrer�tr7and Tiusiarshalt promPUY fumis Alo B e n e�c/ary.aJl.; _ _-__.-_ • ,
<br /> '�`•5_�`' renewal ratices and a!I paid premium receipts reseived byit lnna everrt shaq Benenci�►or Tiustee be held responsibte/qr/ailwe.to:� �-
<br /> .�� ''��';,S`.4``` pay insurance premiums or fa any lass or damage arising out ol a defect in arry palicyor.arising out of aay lailure of arry lnsurance. `- . . - ,�`,
<br /> J� � � L�`° ' com an to a lor an loss a dama e insured a ainstor for failure by 7rustor to eflect the lnsurance reqtdred hereunder,!r►ihe eaP,�#i.,. .• . . � ""�'-�-:_
<br /> �t.,._ :.�•<.1,�..� P Y P Y Y 9 9 � : ��--•
<br /> ��� `�`�;�'`<" ol Wss.Tiusrof sh�!!givs prompt notice by mai!to the insurance canrer and Benefieiary.Benefic(ary may make proo�ot Jq�s iJ nat ; ' �����_._
<br /> s.+,,ri.�,r, �` �made prompt/y a in proper torm by Trrrstar_NI polfcies ot Insurance and anY and alf retunds ot eneamed premiums are hereby., �,�.:., .,,�. ���,
<br /> ''_'��'�`� ` � asstgned to Benefieiary as edditional security for the payment ot the Indebtedness.ln the event of Bene�iciary's exerclse�ihe pqwsl r •
<br /> ;-Jd<=. -4 e.,�.,.._
<br /> ° - _� ,,.:�..;' olst�fe confafned herein,o`r ln the eereM af farecfosure,�t q �6tle and interesi of Trusto►in and to any insurance poliCy d�en in t0�ce: f - ,�`, �
<br /> ;=:�.. .;j;�=.,:; .: ; , 9 ,{ :f _ � !�-___,
<br /> - f�?� �r sha/l pass to the ptirchaser at the uus�te9's sa/e or forec.k►�nta s`t�e.Irt case o/a�y/oss,Breinsurance proceeds may�2f�L�J&II/1WJ110�,i � e _=r w
<br /> • �.��=.;•` ::��s " Be�tktary be app!'ied by Beneficiary upon tAe Indebt6qfifRs�;af�+Y A��r�I��'��h orde�and amaunt as BerkeC,ciary m�y�;- .'� � ` " : .�-,-_-
<br /> •_-� ��`�`' � ` determine:orsaid insurance proceeds,at[henp6an otFef[��r mayaithertre`used+`nreplacing orrestaing the�7'iu�ProRertY�: �[
<br /> �f; �, • � +„ . � —
<br /> pa�ti�Jty ar totalty des7oyed to a condi�on sa[f�r�4tory io g`��;ar sat�t.�nsurance pro`ceeds,or any porbvn thereaf��►ay 4e
<br /> � ' ` released to Trusto►...UnJess Beneficiary end TruVar'otherwF.�agre�.etn w�tar�;arry sucs appueation ot lnsurance,procee�[s shal�not; j _
<br />• - :�.;u:-,j�,,,,':_. �_: . exfertd arpastp�°the due dale ol the Notei'd�r�►Y installrr�ls�e���'�in,ar��i�ige thp aRiourrt Qf suah�ast�td�jents.tt the.� . ,`: • - --
<br /> ,.<t' �:?n TnrstFropBrtyis•��quiredbyBeRB�ictarypurs�8nttotheexetciseofthepo�eroisatearWrerforec/osure,alirigh€;tftJ��ndir,terestqf,• ° ` .�
<br /> •��•-� � . Trustor.in andla�,�yinsurance:p►nceeds payab/e as a result of damage to the Trust Fiopeny prioi to ihe sale or acqui,�¢Qn shalJ pass , ":�• . ` _ ,
<br /> _' 'I'I�:'.'`4`. . c ( C..��
<br /> • � to Beneficiary,alyd�ha/1 be applied first w the casts an�expenses,inc/rrdir,g 3ttomey tees;iacuaed In collecring such p{pceeds,ihe!t�, ; g:
<br /> - ��- , in the manner end fn the order provided herein. `. '`. ! ` `�'��
<br /> �;,�.,g.
<br /> `� 't:` ' g. PreservaUon atrd.l��aintenance of Trust Property.Trostor will keep the 6u!/ditrgs and otfrer improvements Row or hereallQ�erected ar�.., �� , ° �•7."�`
<br /> . , �:::.�::<. ' ° ' ,
<br /> ���:1-'. �=_'� � tlre:�iu�t PropeM in good iepafr and condition and wiil noJ ccir�nit a pemrit waste,w.`I�nckalter the design or shuctura�character ;, ;
<br /> � ��`=`�" carr�ifi.iting any bnilding now�rttereafter erected on and corr�'�'ng the Tiust Property wifhout the pno�written carr�rr ot f ��".`..; .
<br /> ' Benehciary,wip not do any ac7.aF�hing which wouid r�nduly�rrF�.•a or deprQCiaie the v�d:r��f the Trust Properry and.K�rl�nnt abandnn., ; �'•=��r;'.( ,
<br /> � -"- - the Tiust Prope[(y.Tiustor will:�at.remove any Cxtures const".:�g the Tcrrst�P�operiy uri�itte same are immediat�fr�3Alaced wilh�. � �:;:.,'.-.-
<br /> � like properry sab%ecito the lien and security in�rest of this Oeed ofTru:t ar�r�fat teast equal value arrd vci+rry.Tiustor w�B Compty yvlrl�.;, � � • -2.r�,y
<br /> 9 � ov cable to the T�'ust Pro ` •��,
<br /> -- - - - aA present and futunebrdidances,re ulatio s.anfl requirements o!a1ry g.. E�tenW!QQrly which are ap� p9�1l1��- .,;�±
<br /> , ' � and to the occup�rcy�nd use.th,e:�ot.!i this i7eed ol Tiust is on a unit in a�rndvminium or a ptannei7�.rrJ development,�iustor.sha►f° , � , .�,,.;;.r.�r:,
<br /> pedam all of Tinstr.is obtiga6arrsunder the deGara6ans a co�enants creanrig or govem;ng the condominlum o�the plannad urtit, ,
<br /> � deve/opmen�the Cy.`arys artd regr.akons o!the condominium or planned unit development,and the constetuent documgnts. .
<br /> �♦ 9. ►nspection.Benericr"�r,�o�iis a5ents may,ar ai��easonable times.enter upon the Tiust Properry for tha pu�pase al inspeckort..
<br /> Beneficiary shall h��no dury to make such inspection and shall not be liaG/e to Tiustor or to any person in possession it it makes or � .
<br /> • � lails to make any s;:eh inspection. ' , .
<br /> f0. Pintection of Secudty.!f Tiustor fails to pe�lorm any ol the covenants and ag�eements contained rn this Deed af Trust,aH any�cUa� , : �
<br /> � • or proceeding is cammenced which does vr may adversely afte,ct the Tiust Property or the interest of Tiustor or 8enefiGlBry therein pr.�:
<br /> the title ol Tiustor thereto,then Benefrciary,at its oAtion,may pedorm such convenants and ag�eements,make such appea�ancas.
<br /> defend agalnst and investigate such acGon or proceeding and take such other aclion as BertefiCfary deems necessary Ir7 p+otect its .
<br /> • interest including.6ut not Jimited to,d�sbu�sement nf reasonable atto�rtey.`ees and entry upon the Tiust Properry�o maHH repaii�r.Anp,; • .:.;�t
<br /> " • ' amouats dlsbursed C�Beneficiary pmsuanf to rY,rs pa�ag�aph 10, witAini�►es�thereon,sha!!constitute Indebtedness at..'Tastar , :
<br /> , •,,- . secwed by this Q�ol Trt�st Unless Tiustor�-yd Bene6ciary agree t0 other te�ms o1 payment,such amounls shaU be�ayabJa uporl ,�: . � �
<br /> noGce/ram Bene`..�aiY to Tiustor requesting payment thereaf,and shatl bear interest lrom the date oi disbursement at the defauh�Ated
<br /> : ,. �,;�� if any,set fonh in;he Note,or atterwise at the hrghest rate perm�tteb by law.Nothirtg contained in this paragraph shatl require, •
<br /> ���°.��' � � BeneNciary toincl.rany experr:�ar take any action hereund6r Tiusto��rrevocably authorizes and empowe�s Beneficiary to enter,upqn•.
<br /> ' - the Trust Praperty as 7�ustors Gyant and,in Uustor's name orotherwise ta G_Aor�re any and a!I covenanis and ag�eemQnis to be, .
<br /> . pedormed by Tru:'o�as herein provided.BeneJicrary shall,at ds op6on,tre srbragated to any encumbrance,Iren,claim o�demand,,
<br /> � .;;,;:.� � and ip all rights arrd securrtles to��he payment thereof pard or d�scharg�2 Cy Benefrc�ary unde�!he p�ovisions hereof 8nd any S1ch��
<br /> sUbrogatlon dghis shall be additronal and cumutative securiry fa this Deed o!Trust
<br /> 11: Cbii�emnation.The proceeds ol any eward or Gaim tor d2ma�es,direct or consequent,ai,in connectinn with any Co�C�^1�atiG'►a► . . .
<br /> other taking of the Trust PropeRy.o�any part the�eo/,or for ccr.?yance in lieu ol or in anf�c�patron al condemnation.ar�;fiereby . �
<br /> - BSSlgned to and shall be paid to Beneficiary. T�ustor wil!l�le Gr.A praseCUte..in good laifh and with dua diGgence.its Claim f0�any.$vGh
<br /> � , � awa►d a payment,and w;11 cause the same to be collected ard pa:r!rd Ber�haa►y.and.sho�dd it fa+l fo do so. Ausrorinevocably.�, �
<br /> . autho�izes and empowe�s 8eneliciary,in�he name of Trusto�cr.c tt.Enri,e,to�,".ie.prosecute.settle or compromise any.suoh c�aim and
<br /> ';"`,• t0 colleCt,reCelpi for and retain the pioceeds.!I the Trest Piaperty is ab4r�a�;C b;r trr..;lor,or,aker not�ce by Benef�C�Bry to T�u&tod��
<br /> - .;i'�,:� that fhe condemnv�olfers to make an awa�d or sett/e a clarrt�lor�arr.agC-s.:�'�cs:ar.l,�Is rc�espond to Bertef�c�ary withm th,rty(30/daKs
<br /> after the date such notice is maited.Benefrciary is awhoriaed to collect:a:d,.�piy rre�rcceeds�n tha manner mdreatAd he�e�n.,Tne,•
<br /> ' proceeds of any award or cia/m may.after deduct�ag a1!reasonable Cos►s�►�d expenses,rnclading attorney lees,whiGh may hava,��:
<br /> ' heen incuned b/�ene(iciary in the cofleGt�on thereo%at the sa►a d�serEfrcq ri 8enelrClary,be►eleased to Tiustor,apphed ta,� � -
<br /> � restoration of Trusf Property.or applied to the payment ol the IrtdebtedrESS.Urtless 8enehcrary and Tiusta�othenv�se ag�ea in,vpt:,rg.
<br /> 9ny Such applicaUan ot praceeds to/nde6tedness shall not extend o�postpone the due date of tho Afote or the payment ol any,,
<br /> lnstallments calfed for thereurtde�
<br /> • 12. Tiustor Not Released.Extensian ol the t�me for payment ot r.►oddecabon ol any amomrat,on o!the tr+debtedr+ess gianted by BenQ���ary
<br /> - • ' l0 any sacces�or!n mte►esf ol Trusto�shaH not ope►ate ro reiease.in any manner,!he Gahddy n!7ri�.gtnr And 7�uStOr"S SuGC@SSO:s,ra
<br /> inte►eSL 8eneficiary shalt not 6e required to commence proceedmgs'against such successo�or tgfuSe ta extend time lor paym�ryt ar •
<br /> - afherwise modify amotirafron ot tha Indebtedness by►eason ot any damaad rrrade by T�usfar and Tiustor'S suCCeSSQrs
<br /> Inlnte�ast �
<br /> � �. 13 Flrtanciat lntvrma6an.Upon iepuest 6lBeneficiary.trustor wi/f p�OVlde�Q Beneficrary.w�thm n�nery(90,days ol rne Uose ol eac�►�sca� '
<br /> �— • year ol lrusfor,rha consolidated balartce sheet and starement of earnrags oi�n�sto•anrt arry ana ai!guararrtors ar ma mpebteelness - - - -
<br /> secured hereby.�f any.and will provlde and debuer to Benef�c�ary such other Gnancial,nlormahan and ln such manner as 8enet�.^,aey
<br /> = may�easorrabry request(rom ame ro 6me.
<br /> � 14. �Financial Covenanis:In aBdiban to sny othe�lrnancra!couenants ot Trusto�made m aay other agreemenf,inshument er dvcumsnt, �
<br /> _ .,_-- . ._ _�:_� --.:.�:___ ��r siridf i�inr�ify wiUranr}shatt causg any and a/d guararst+ocs at tk�lnde0lcBness secure[i herery tQ cem��y wjth,hr h�,s�.:.
<br /> � , ' Gomp/iance wifh.the totlo�ving linancral Covenants:(This pa�agraph shall not appty�t cavenants and reqwre�enfs�re�naE set
<br /> � •lorth herein.) .
<br /> � 15. Sched�le oJ Leases. Withln ten(f0)days aher demand.�rustor sha/l furnish to Benel�aary a schedute.CsRdiBd tp by t�u5!o!,5Btf°.^�. �
<br /> lottha!lleasesoithet►ustPraperty.oranypaitionthereol.inctudfngin-eatt►case�thenameotthetenantsor.occupanis�a.tle�:�ptle� , _ _ .
<br /> at tAe space occupted by sueh tenant er occupant the rental payable for suete space.and such ot►rer lnfoima±ron and doeumaRts N,fh `
<br /> , � _ � �eSpeCt tb suchlesses and tenancies as Beneliciary may reasoirabty request ;
<br /> . :
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