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<br /> ' pESCRIBED NERE/NBELOW. �
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<br /> . raw or f�srealterlocaced fhereon,p1q a0 easemenis and rJghts o1 waY eP1w��tenant rhereto.l�vJ.a!I Ieasehofd estate.�19At.tltle and hrteresc al •••,;•�•r� �..—
<br /> � � Tiustorin and b a/l ieases,whether now a hereatter ax/siing a entered/nro(lncludJng,wllhout IlnNtatl�on,All cesh and sec�dty deposite,. >''��• • ` �``°
<br /> � ' ' advance rentNs and deposils a payments of a slmilar nature).pertalMng thereio.fv)a11 rents.tssoes,prallts anQ lncane therelror»(sutyect ..�'--
<br /> � tb the dght M Tiustorto cdiect and appiy such rents,lssues,profds and�ncome as they become due and payabfe so tong as rro event of 'i :
<br /> " � + � detaWt ex/sta hereunder),(vi)all roya►des,mtneral,al and gas►ights and profrts,water,water�lghts,and water stxk,(vli)all tenements, ,. :;�
<br />: � • �� hereditantents.prlvileges And appuRenances belonging,used or errJayed In connection therewlth.snd(vl!!)aN proceeds ol conve►s/on. . .. . . ,
<br /> . • � -• ' �rolix�tsry or imrotuntary,ol any of the fo►egdrrg inro cash a OqaJdated c/eims(lncludfng,without llmitaGlon,prxeeds ot lnsurance and ; • . �, �•_:�
<br /> . condsmnada►awards).aN ol wfNch Is hereinaRercdlec6vety calted fhe"Tiust PropeAy". .
<br /> ` ��� - TO PROTECT THF SECURITY OF TH1S OEEOOF TRUS7,IRUSTOACOVENANTS AND AGREES AS FOLLOWS: � ,. • . ' • �
<br /> � " � 1. Trtl��Tiusror covenants,wanants and�grees wfth Benefic7ary,lts successas and ass�gns,that Tiusmrowns the 7rust Property free �y
<br /> : : '- : .. :; from erryPiio►Ber+a encumbrance,that th/s Deed olTiust k end Will remaln a valid end errtorceable flrst Ilen on the 7ast Property. i :._ . .• - •
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<br /> . ;;,,;,.,,.;,.._. , • d►at 7rusto►.at Jis expense,►Yt/p►esenre such ktle and will malnte/n this Oeed of 7�est as a r�st and pavamount/ien upon the Tiust. �� •
<br /> . . • pioperty and wlqlaever wananland detend the validiryand priairyof tAe lien hereof aga�hst rha olair»s o/atf persons and paRies
<br /> � ,���� whorn„roever.Tnxsta,at Its expensa,wi i l ca�se t h ls D e e d o f Tiu s t,a n d e a c h am endmea?or su p p iEmBnt hereto to be filed and � .
<br /> � � �'�i���� rscaded as a mo�tgage of the�irrst Property in such mannar and in such pface and wi.i tdke s�Cb a�don as�n the opinion af Trllste9 . .
<br /> . '`'-� ' rtray be requlYed by any pr�9n!v�lutuie law!n orde►to pe�tect,malntain and protect d�1;9n o�th79 lj.7ed ot 7rvs�as the sant�rriay �
<br /> _ �, , (i8 amenrlea a suppleme�7e01romGme to Ume.Tiustor wlil make such funher assmance a ass�eS to pede��t�e t�rh�tn,st ' �_ _... ,
<br /> .,�+ � ... � _.. F►mperty as may be requlre�d by BAnefrClary.Tiustor hereby relinqUlshes a/l dght of dbwet an�fi�r�!ead ln and to,ffie Tir�st Pl�operty. i, ,
<br /> �� s ., ' � ' 2. Peyrnent of Indebtedness.Tiusfo►aball pemctually pay the pdacipal ol and interest on the L�debr9�n�;'s secured hereby. -
<br /> 3. Consfirce�on�I hnprovemerKs.Tiusto�sfl�l complete!n good and wakmanlike manner any bvild,�,�i�er,qroveme►rts a repairs�g
<br /> , ; ;� thereto wAich may be begrm on the Fn�f Pnvpe►y or contemplated by the loan evJdenced by the Idx'e seCU�ed hereby,to pay when : �
<br /> �' �• '• Oae all cost9 and Ilabilitr�s�1Ared therE.`•�ra,and not to permlt any construction lien agalnst such 4'ryst Properry.!n the event , ,
<br />- `' . ' ponsbuctlon q!bulldings,ln,�y�even:en;s a repairs a�e coniempfated,Trustor afso agrees,an�thing in this Deed olTiust to the contrary
<br /> � � no[wflhstanC�►:(a}to praarnt,bdy c�any svch work and ro com,plef?the proposed improvs:nEnts promptly.(b)fo corr,�k:e the •
<br /> '�; .;:...x_�,.;,,!�<�' same tn acA.,pr�an�wlth the p/ans ar�f��eci��aaons as approved ib'/B�nefFCtary,(c)to compt�fVyf�altthe terms ofa buiJdir�la3n� ; . '
<br /> j ,��;.;,�;...,„,;:,.;,i�° ayreertrerri',A�an�,Detween Trustt�r an�Bane6Clary,the terms of wl�i�fil ar�i.xaporated hereirt byrel�rence and made a parl fiprEW, ;,.
<br /> •� • • � (O j[o a 0 b w B t r r e f r c l a ry t o in s p e ct'the TNSt Pr o pe r ry at a110mes duRn g consfrucUon,�d(e)to rep�tCe�any work or materla/s
<br /> �'`:��'�'`r�'�'� unseBs/actory tb BeneHCiA►yWlfffin lifleer►(15)days alier watten no8ce liom BenerCi3ryo1'such fecf. .
<br /> �"q��```"' � iurMs}br Payn�9nt ot Gha�yes Subject to appllCabie/aw or to.a written walve�by 8enetFciary,trustor shall pay!b Q'enefiMary on the ' .
<br /> _ _ � Ikst day oAeBCh month,a auch other date each monfh as may 6e specifred by 8enelkiary,unUl the Indebte0ne3s Is pald!n 1W1,a sum 1'. � �
<br /> ���, . (heninaAbr ca1Nd ths"Funds')equal to 1/12th o/the year/y taxes and assessments whlch may aaaln pdortry ove►thls D�eed of 7rust t
<br /> __„� — � arxl�routd ror►ts on!he Tiust Property,if any,plus 1l12Ur ol fhe yeaiJy ptemlum installments for hezard lnsuranCe,plus l/121h ol the ;
<br /> ,� prsmium rnstallments fa moRgage Insu►ance,!f any,a11 as reasonabty esdmated lnl�ally snd from tlme ta dme by Benenc/ary on
<br /> Ehs b�&o/aassssmsnts end Wlls and reesonaWe esd►netes thereol.The Funds shall b9 hefdln an lnstihNo►r,�e deposrts a �.
<br /> — ; aCCOlnnis o/wl�/ch ers 6�s�aeQ or guaranMed by a/eddral'o►state agency includTagBenetklary.BenefiClary sfi�liappy tl►e Funda to `- - - -- -.--- -
<br /> _ piy aaidtexea,assessme►►ts Insurenee p►ertNums and ground rents.BeneAclary shall nof be reqWred to pay Tiustor anylMerest or i� ,
<br /> _�' •� - eavnings on�Re Funds.Benenc�ary sh.all givs to Tiustor,without cha�ge,an annusl accounBrrg oPOt�Funds slrowJng crediGs end
<br /> T d�pifs to tlie•funds and tire pttrpasefar Wflich each daDit to fha Funds was made.The Farrds ar�p.��dged ss add',�onal sec�rity tor ,_ .
<br /> �Md�blddtsts�cured.by tNs Oeed ot Tirut H tM amount ol the Funds hs/d by BeneBcJary,trr,ta�er wrtf►the lu�we ma�NUy
<br /> �rt�ts e/Funda p�J�ab1s pder b the due dates of taxes,assessmente,Inswance prsmiams and g►amd rents.shell excee0 the '
<br /> - a�npnf nqr,Pr�d to pay aaid hxs�.e�sssssments,insun+nce Premlums end p►aund rents as they taN due.sucA excess shaN be.at . .
<br /> Trur(a'a op�on.NtlNr prornptly►epW1 b Trtator a crodr7ed to Tiustar agdnstfuture monfMy insteNments o/Funda.Hthe arnourn ol
<br /> 11�fix�hNrl py 6w�Ycl�ryahall nett�s au�rclmt to pay taxes,esssssments.inswance p�nNums and grarnd rents as t!►ey lall due.
<br /> � TrtMlarahMMY b��Y�Y�k��Y b make up ths ds�idency wiMlri tiN�iy daya tran the date noflce ls mailed by ` ,
<br /> _... . .,._-__ _ ,,. .�_�,. . ' . B�Nrplq,Teelornqr�Yng��tU��of.U1�Ex►MYir�entlnluNofai►Mtl�Dtednass.BsnellcJarYshsMPramPBY�alundb '_.------
<br /> TnNbr any Fur�ds hwd by B�rNA�clary.ffEhr Tnpt�roperly b sold unds�Brs pow�e►oldak a 4�►Tritst PropeAyls 6tftarwJSe scqvireal ; - -
<br /> g►e�acr�rr.s.�r,�er.ry ar�►+wp�►.�rm�.a�aeeA►a�+a ro n,s sare or u,.rrwr r„o�e�ri a;rs acqurarvar,�y aenancrary.any Funds ; .
<br /> � nNde�►eMruirc�ryar�,.�n.a�+rcara,asacrae�aQarnsrn,sn,dsa�dne�s nes►►e�c�aryexec„cssaw�nenwa�s►ar,r,srors �. � .
<br /> ob�qYoix undu.wr par�►apN 4,TnmAx oownaMs and�yrsss ro pay.4N�on the sanre becans detlnqusn�aN taxes,assess�reMS. � .
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