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<br /> _ ��.:s..��.._:._-�::u...� lnwr�P►w►dums�Oround nnt�.+�nd vl udra ehar�a whetao�wr IwNd up�x►w�sad.P►ac�d ar mad��p�Hut tM Tnrat
<br /> - Pn�pa►ty.Tnato►ftNdnr�ynu�upon w►�ft�n iMu��bY BanNlcluY,to prompfly d�Nw►to B�Nclary a!!ncNpti lior th�paym�nt d
<br /> ---- a�cb clw�o+.Tnultor Mk�wlH�pn�a tn pay aN taxat�aataanNna and oMNr c1w�a hvAO upon a�sr�r�d.Plaad a mad�
<br /> - - apakwt,a rnN�wrd by,thq ONd o/Tiuu a th�ncad�Gon IN►wl.
<br /> b. Af,E,i�:�skin ct ,. ...�YAsy:rt!nt�n�t�hMd by B�+�A�dW W b rnY d�bt.N+b�NfY a obMO+Mfo+�owrd ro B�nNiclry by Tiwta
<br /> _ — nNy b�y�pAi�d by BMNIlcNry to IM P�Y�►Mn1 d qM k�d�badnMa or to arty auch ofMr��N�ct�d by �B�r�Nal+rY.�Y
<br /> - --- mann�r o/�ppYaallort whksh Bw�NOl�ry.!n�n�biok�dl�cntlon,dMrni�PProPN
<br /> ' auch payrrNrtt�►�N b�d�wnrd aPP�l�d Nrst ro th�paYnMnt ot any d�bt.!l�bWN�obNp�don dlNr thu►d»IVot�.
<br /> �'� e. Gharpea:Lhm.Tivat�a wUl kNP fh�T/Wt P/DEINIy 11�M hGRI W NM�M�d�f1CU�ib��►�CN WhIGh in any way may.!rt fM/udynNnt ol
<br /> -�°;. BMNAc/ary,haw pdoilfy owr,or knpak fM��CU�My d,fhl�t)Md ol T►wt but Tivator r�d rwt dl�h�any aucb Wt+r.o lotfQ os �
<br /> � Trwta ahrY�prN,N►►wk1iW,:PrY�°��OA���M pnwnt tM�inb�wn��fhs NMf and��u►Y�bnat^1 a�
<br /> . --...._.�-..-, � certts9t such Nen bY aPWopdu p p �� -
<br /> , .� T... p�R ol th�Tiutt Pro�+ry.
<br /> =�. •^�.. �� 7. Hazard Intunr►c�.Tiwtor ahW kNp tM buNdln ps�r►d ofhN lmprowm�ntt now�xlitlrp a MKnMsr NscNd on th�Trust Piv/�rry
<br /> �'�'��.iriv3���a�� � lmund by ln�urana canl�n adtlactory Oe B�n�NcruY eyainst bas by/!n�hatardt lnclud�d!n fh�bm►"�xtsndsd Cova�Q�••�nd
<br /> aucb otha haz�rda,cawdtlW and contlny�r►cl�a�a may 6�roqWnd by BwMHclivy,M sucb amouna and lor such p�ntoda u may b�
<br /> �-�"??����,�;.r�,,,� 'x� nqWmd by�Nclary.Th�poNcy ollnaw�nc�ah�W b�!n lorm acc� abl�ro B�nsNcl�ry�provld�that tho aam�rrMy not b�
<br /> ���
<br /> t-:a--�._.'"_= �! canCiN�d ofmp�ifiW wlthouc/ilitNn(1b)daya p�io►wdtten nodce to Nciary,and,thaNlNw bas payabM provlslons U/�NOr oland
<br /> - �_.-_--�:m....�,.� � !n lorm+�Cepi�We to 8enelkl�ry.A!l p�smlumd on lnsurance pollcl�a shaN M P�d!n tl►�maru�r provM�d unda P�►�0'i�ph�l�nro/
<br /> ��.�'=�'�-� � a,!/nAt !p�uch mann�r,by Trustor maklnp Wyment�t kaat IifMsn(16)days pdo►to fM du�dua,dl���1���
<br /> -_-- — c����Q�ry ahW haw tlrs daht to hdd tlr�polclea and nrMwala therno/and Tiustor ah�M P�^P+�Y
<br /> ' r�rNwal naqt�9a.end dJ pald prsmlum recalpte recelwd by it M no svAnt atwJl Brn�RcNry or Trott�b�hNd nspaalbl�b►I�Mwr to
<br /> :.�,, .,��..,. ,,. � pay lnsur�A►r+nlumt oi lor eny bss a demap�erisinp out ot a ddsct!n any poNcy or arislnp out ol any hllun d�nr Insurano�
<br /> - ^"� 1d1i•:R"'`""�'' � comp4►ry ta pay Io►any loss a damage lnsurecf ayainst a/o�fallure by Trosta to eHsct the lnsurancs roqulrod her�und�r.M ths�wnt �
<br /> �}..,"•..,t ,,,".;,j!31�.!,"`• o/�us,7ru,qtor ahaU Qlve prompt nodce by mall to the lnsuraxe carder and Benehclary. Beneficiary may u►ake/xr.of ot ioss(f not
<br /> ,�"... m� pra�P�N a In prope�lorm by Trusto►.AO pollcles ot Insurance and any and all nfiinds d un�wmed pnmluma en►lNrsby
<br /> �:'{• • ; '.'� r - as�n a d t o B�n e f kl n r y es addidonsl securify/w fhe payment o/th�Indebt�alneas.in the ewnt o/Br+Nlklary's ex�rc(se o/th�µ�wer �
<br /> ,�,;: � tl►en tn lwco
<br /> �: ._ .. otaaia contelned herefn,wln the event of loreclosure,all dpht,dda endlntarost o►TiustorU and ro�ny inswar►c�p�Y
<br /> � slrau pass ro dw purchese��t the waroe's saf�a lorec/osure aala.!n case of�ny bsa,tM insunnca prxeeda may,af th�opdon ol
<br /> ` , w BeneNclary.be applled by Donelklary upon tha indebtadness,a any paR thereof,u►d!n such order and amount as 6endiclarY maY
<br /> detsrtnlne;or sald lnsurance proceeds.at the optbrt o1 Bene/lclary,may elther be used/n repl�clnp a restainy the Trust Props+ty
<br /> ,or sald insurar►ca proceeds,a an G�aro%may be
<br /> ,. ',: 0 P��N a�+uY dastroyed ro e condldon sadafactay to 8erwfk1ary• Y Pa�
<br /> , released to Trusta.Untess 8enelklery and Trosta otherwlse agree In wddng,any sucb appllceUon of lnswance proceeds shall not
<br /> • � eztend a posqoone the due date of the Note,a any lnstdimenta called la therein,a change the amount ol such►nstU/rt�enta.N the �
<br /> W Tiust Property Is scquired by Beneflclery pursuant ro the exercise a/the power ot sele or other foroclosure,ell�lyht,title urd lntsnst d
<br /> � Tiusta ln and to any Insurance proceeds paYable as a resWt ol damage to the Tiust Property p►�a M the sela a acqulr/tlon shall pass
<br /> ,;-. • _ � ���: to Benelklary and ahelf be applJed Qrst M the costs�nd axpensos,lncludlnp attanoy faet,Incwred!n cdkcdnp such proc«d+.fMn
<br /> in the manner and In the order provlded hereln.
<br /> a Preservatlon and Malntenence ot Tiust Property.Tivator wilf keep iha bWldinps and other improvements now or he�eafter erocfed ori
<br /> _ �____.-_ _____ �e����pmnnrty tn good npali and condidon and wiil not commlt a pe►mlt waste,wilf not aHor the desiQn a ahuctursl character
<br /> conatltudng any bulJding now oi hereafter ereCted on and consdtudng the Trnst Property without tf,e prior wrliten ca�Cnt af
<br /> , � T 6eneBclary,w10 not do en y ect or thing whlch wauld unduly lmpalr or depreciate the veJue ol the Trast Proper.y and wil!not a6andon
<br /> ,, • the Tiust Prope►ty.Tiustor wlll not remove any(Ixtures constltudng the Tiust Property unless fhe same are immedfately replaCed wlth
<br /> � llke p�ope►ty subject to the Ilen end securiry Interest ol thls Deed ol Tiust and o/at least equal value and utliiry.Tiustor wIN comply wlfh
<br /> ' � all present and future ordinances,regulAdons and requlrements oi eny governmentel body whlch are appllcaWe to the Trust Prope�ly _
<br /> � and to the occupenay and uae thereo%!t thls Deed of Tiust la on a unit!n e condvmtnfum a a plenned unit development,Tiustor sha/l --
<br /> .. . � perlam all ot Tiustor's obligetlons under the declaratlons or covenants creatlng or governlnp the condomin►um or the planned unit _.
<br /> � development the by/aws and se8ulatlons ol the condominlum or p/anned untt daveloprrrent,enaf the consdtuent docun�ents.
<br /> �. Inspectlon. BeneNclary a!ts agents may,at al►reasonable dmes,ente�upa+the Trust Property la the purpose of Inspectlon. �
<br /> ''�� ... 8ene11clary shall have no dury to make such lnspecdon and shall not be Ilab/e to 7rusta a to any pe►son�n PossessJon illl malres w �,
<br /> - IaOs to make ar►y such Inspectlon.
<br /> � 10. PiotecNon o/Security.!1 Tiustar falls to pedorm any of the covanants and agreements contalnedln thls Deed o/Trust,oilf any acdon �;�:
<br /> a procsedlnp Is commenced whlch does or may adversely aHect the Tiust Properry or the Interesi of Tiustor or BeneNclery therein a ��._
<br /> � the tlNe o/Trusta thereto, then Bene/fciary,at lts op8on,may peAomr such convenants end eyreements,make such eppaarences, -_
<br /> delend egainst and lnvestlgate such action or proceeding and take such other actlon as Bene!lclary deems necessary[o protect its �.,
<br /> � ' • lnterestlncluding,but noi Ilmlted to,disbursement o�reasonable attorney lees and entry upon the Tiust PropeRy fo make repalrs.My o,�
<br /> amounts disbarsed by BeneBclary puisuant to th(s peragraph t0,w�th interest thereon,shall constitute lndebtednesa of Tnistor ___
<br /> secured by thls Deed ol T►ust Unless Tiuslor and Beneficlary agree to other terms ol paymen►,such amounts shall be payeWe apon
<br /> notice fiom BeneBclary to Trusta�equesting payment thereo%and shall beailnte�est Irom the date ol dlsbursement at the detauR rate, �_Y_
<br /> !1 any,set forth!n the►Yote,or othenvise at the highest iste permftted by law.Nothing contelned in this paragraph shall iequire �
<br /> •� Beneflclery tolncur any expense or take any actlon hereunder.Tiustor inevocably authonzes and empowers Bene�ltlary to enter uporr _,
<br /> • the Trust Prope►ry as�rusta's agent and,!n Trustor's name or otherwlse to perform any and al!covenants and agreements ro be
<br /> • pedamed by Trustor es herein provlded.8eneliclary shall,at Its option,be subrogated ro any encumbrance,►!e»,claim o�demand �'
<br /> ' • � 8nd to all N ghts and secun�es/or the payment thereo!paid or discha�ged by 8eneliclary under the p�ov(s(ons hereM and any such _
<br /> r� ' subrogallon dghts shall be additbnaf and cumuletive secwity/or t h ls D ee d o t Tiu s t. s--
<br /> ( ;. ..,.
<br /> � , 11. Condemnatlon. The proceeds of any award or clalm to�damages,dlrect or consequential,!n connecNon wllh eny condemnaUon a ';-
<br /> other tekMy ot the Tiust Properry.or any pan thereof,or lor conveyence in ileu o/or in anticipatlon of condemnallon,are hereby 3
<br />:� �,• 3 assigned to and shalt be peld to 8eneflclary.Tiastor wp!file and prosecute,In good latth and with due dillgence,!ts clalm!or any such p
<br /> award a payment,end wlll cause the same to be cd/ected and paid to Beneticlary,and,shoufd!t/al1 to do so,TrustOr lnevocably
<br /> � � euQhalzes and empowers Beneficiary,irt the name ol Tiustor or uthenvlse,to 61e,prosecute,settfe or compromise any such clalm and -�.
<br /> = to collect,receipt lor and ielafn the prxeeds.!/fhe Trust Property is abandoned by T►ustor, or,elter not(ce by 8eneficisry to Tru.tor �`�
<br />_� � that the condemnor ollers to make an award or setNe a clatm tor damages, 7rusto�fa�is to respond to Beneliclary within thiriy(30)days r
<br />-- `q after the dete such nodce!s malled,8ene/Jclary is authonzed to collect and apply the prxeeds in the mannor lndlcated heretn.The �_.
<br />� �]" proceeds ot any award or clafm may,after deducUng al!reasonaWe casts and expenses,incfudinq attaney lees,whlch may have �:
<br />': . boen lncuned by BeneHclary in the colfecGon thereo%at the sole discreHon o/8ene�ktary,be released to 7rusror.applled to ,
<br />=' "��r,,, ,.;,. , restoritlort o►Trust Properry,or applled to the payment o�the lndebtedness.Unfess 9enelictary and Trustor otherwlse agrse In wdtlnp, _
<br />___ • " any such eppllcatloe of proceeds io lndebtedness shall not extend or postpone the due date of the Note o�thv pay►nent ol any "�'
<br /> ° � ? instdknents calkd tor thoreunder. '
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<br /> - a�: -�"tti:•:�� i 12 Trusta�Not Ralaesed.Extension of the time for payment a modif'ecAtion ol any emortizatlon ot the lndebtedness giented by BeneHclery �
<br /> �.�
<br /> - � to any successor tn lnterest o/Trusta shall not operate ro reJease,(n any manner,the!la6Nify ot Trusta and Trusfor's successo►s!n
<br /> ��.n....�......t..e�e...+l...,,.�.e�.,....,oh,co rn nrtwnd t(me tor navment a �-_
<br /> T =�" `h IAtl/ASL E�MnCiary snaii noi oe requinni i6 durnriwir�o N�v�.�..,,.aa aa�,••,•••••••...--�-----•-••---- - - . .
<br /> _-•"�'` ""`'�`�` >`�' otNe►wise mod!/y amortJzadon d the Indebtedness by reasorr o/any demand made by Tiusfa and Trusta's successors
<br /> � i� '.r,».;tr.-,.5..w . v r
<br /> �i-��-�-- !n tntsrest �
<br /> �� � "�, i3. Flrwnciai M/ormation.Upon requast o/BeneBc iary,T r u s ro r w r u pravl de ro Benet'►Ga ry,wirhln Mnery(90)days ot rhe clase d each hscaf
<br /> - ' '� � y�ar ol Trustor,the consdldated balanco sheef And statement o/eaminys al Trustor and any and ail puarantors o�the Indebtedness
<br /> a�c�nd haaby,ll anY,end wql provlde and doUver to BenoNctary suc►+otlwr Nnancl�l intorrn�Uon and in such maMwr as Bwre6clsry __
<br /> may rouoll�Wy roquYSt hG►1 tlme to Nme. `:
<br /> 14. Fkwncl�!Cownants•In additlon ro w►y otha/inancla!covenants of Trustor made In any other ayreament lnshument w docum�nt, �;;
<br /> Truator slNl►cornpy with md shaN caus�any and el!guarantors o►the Udebtsdness secured hareby to comply wifh.a be ln _
<br /> �p�e w(th,yN fall�owlrtp Iinancly cpwnants:(Th(a par+yraph shW nnt apply f/covw►ants and nrquinments ar�not a�t -
<br /> 1�o+Eh f�t.)
<br /> _•..:� 1b. ScMduN of L�asea.With►n tw►(f0)aays aR�r darrMnd.Twstor shall 1�xNsh ro 6sr�Hclary a acheduN.cwtiNad tn by Tiustor.searng y�
<br /> .,b,a►a�►.aaW a n,.rn.�r�.�y,a�ny Patla►thsrrof,includinp(n aach cass,the nams o/ths t�r►ar►ts a xcupants,a descript�or►
<br /> •W�spaC�occupred by tuch t�nant or xCUMnt�d►s rwrtv payaWe tor such spaca. and such otM►lMorm�Non�nd documencs wifh
<br /> ---Y-�-- ---m� . ,n�tp�ct to such Mata snd t�n�ncNs�s BKaNclary may roasw�aWy roquest.
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