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<br /> �'" � a��d a e«�aa a�a��1b�►�ar�m•� '����cd�e�a�idary�s exe�. w.ar�Qowrr —
<br /> .?. • da�teoont�t�dflu�in,alnlh��+rnto/bncban.M�tl�tan0iubesstdTnulorfnandt�an�►Arxuanc�Poi�.qMw�rnkna _
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<br />- 61�r�Md�r146a+�P[WJbYB�nNPClarY�+P�tlw�nd�bNdlr�aRaaryPrtlfweo►.andlnaachad�randamantas�Y�Y ---
<br /> = drMirmfr�:aaaid iraursnc�pdcMd=.at�vpBon d Ber�cirl.ra�e�bs usrd ln r�plaaWq a r�s�orirg the Trusc A±q�rry • -
<br /> par�ay a fota�y dsae�ydd tb a condP�on aa�aclorY ro BenNic+nr:u►�imtr�ancs Proceeds.o►anYPaHar�►�sa►.m�Y� � �,�--_.
<br /> rs�ae�d b Tiusior.!lt�fsss�ralklarY+�Trtrsi�oro[herwise agse m w��irg,aRY a�sFPW�tlon o/InsuroACS proceedssl�aM not �a`�.'
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<br /> - - . .. ,��;.?.: : ...,' Poa ��•. _
<br /> r �,r:!;:'.:, T/u!l PIOpArly Is aCq�fr9d bY��Y P��UD thA exar�ss 01 tbs pOwe/dsel0 OI Ofl►e/1breCbStN9.8N r/gh�O(dis and�nlarsSt W
<br /> . ��:�>: �- - ::, .�
<br /> , . :� ;�,..=,<,l-;;..?, TnaAorin and tb arry ir►.swance P��P�f��as s rssultoi danage b fbe Tiust ProOe►NP►lor to the saPs a acquit�/on sAeN pa� -
<br /> . -°:`'`�.'""-. .-, b B�neRciarl►end sha�bs ap/�ied fi►sttD�s Cc�ts and axpenSe�,IncludPn�edromeY�at.htCUrrsd b�corscling sttCh pnDr.eeds,ohsn . - _ _
<br /> ' �'F:j,��•..` • •` hfhsrnarolt/ArMJnlheord�e►pr+OVldedAen9kr.
<br /> _.__ Fx;�--.� . . ��' 8. Prsaervatlo�n and M�Nsnance o/Tnrst ProPertY-Tnuilx wiNkeep the bu�gs arHi od�erlmPr�r►ts now a herealter erected on
<br />. . 1Y::�.� :. . • � i-.
<br /> ..:�L•�:_ _.: .. :`_,, �. ths Trust Prdpsrry in good rspair and ca�diEfar ar►d wiN not corrrnrt ofpe►mic wa�sts.wrY not aRer flre dss�9n a struc(ruaf cl�arsctt► . .
<br /> " • ConsBhAkg s�Y�KJ now or Ner�afte/eisctedor+and co►rstiNdn9lhe Trust=l�1'��erry wj�aut U►e A►ar wr.ft1l�►cortsent o/ "_;.•�;,` -.
<br /> � . . . Bsnwiciary.willnot do any act a tfMn�wWch war�ld unduy hnpalra deprecia!e ehe vafue ofthe Trust Fr�i�`and wiN not abandon. . �" .
<br /> . Ms 7rust P1npe►y.Tiust+o�r wfM not rornovs anY�irkxes canstitu�n9 tite Tit,�t Piap+e►ty unle�s fhe same aie�Yately rap/sCed witlr '�"�� _ - ;
<br /> ., ; .
<br /> ..'=,:__` '`•; � ' ' A�re WoPa�Y��ta tlia A�ert and aeGUitY TrNe�+est olNtls Deed d Tiust and ol at/east equal vslue and+J�'�;Tiustor w�compy wffh � __'
<br /> . � � . .- . , - aNp�ssent and fut�►e ordPnanCes,rogWatlo»9 and requlremerKs ol a►tY 9�^��Y���PP�to the Tirrs¢ProperN
<br />_ �;��,:' • ' and to tbe occupancyand use Mereol.Hthts Osed ot Tiusils on a unit fn e condorr�fn/um a e p/anned urrt�loprner►�tnrst+�rshall •
<br /> � . , psAform afl ol7astor s abl'�gations under the declaradons or cavenants creaoing or goverMng the condondrni:r.i or the planned untt
<br /> - � ' developnren�the Oylaws end regulatiars o1 the caralaninlum w pfanned unit developmenL and the corrSD''..::.�nt documents. . s,
<br /> - - " . � :,_;. . . -, . _ g /nspsc�lpn.geneNciary aits agents may,at aU reasonable dmes.ente�upon ihe Tirrst Prope►ry fa ihe pw��.ss afinspect'on. .
<br /> �.-•-,,�.
<br /> . r`.. �.., : gonefrciay ahall hava no dury to make such lnspection and aha/t not be liable to Tiustor a to any pe�son In possesslon H it makes a ' � . ••:�;;�"
<br /> =r • falls ro mulce anysuch inspecian. . ;:�`
<br /> �a � I ' � 10. Protecdon ol Secudry.N Tiusta fails to perlorm any ol the covenants and ag►eemenls contair.a^Jrri Ghis 13e�e,d o/Trust,a if any acdo� I .
<br /> � • p�proceeding�s cafxnenced whlch does or may a d verse ty e f f e c t t h e Tru s t P r o p e r t y or the ilrtemst ol Tn,sgh*or Ber+eTiciary tlierein a . I .
<br /> _ . the II'!!e of Trusta thereto,then 8eneficlary,at its opdon,may peAorm such cormananis and agreements.rrr��such appeaiances, �: . �
<br /> . , . � �� , defend agelnst and investigate such acdon.or proceeding and take such othe�actlon as Beneflclary deems necessary to protect ns .
<br /> s ;
<br /> . " irrte►est inclu0�ng,but noNimrted to,d�sbursement of reasonable aKOmey fees and enfry upon the Tiust Properry fo make r�?at►s.My ;
<br /> ' � ' � anwarns disbuised by BeneNclary pmsuant to thls paragrapA 70,with�nterest thereon,shall consUtute►ndebtedness of T'�v�tar �
<br /> sectned by thTs Deed ol Trust.t/nless Tiustor and 8ene/iclary agree to other terms of paymen�such amounts shaff be p�Ie upon !.
<br /> . :
<br /> iwtice from Benefiraary to Tiustor requesdrrg payment thereo/,and shall bear interest bom the date of disbursement at the delault rate, .
<br /> � _ .. 11 any,set foRh In the Note,or othenvlse at the hlghest rate pennitted by law.Nothing conta/ned In thJs paragrdph shall►equlre y .
<br /> � � � ' Bene/klary to incur any expense a take any action hereunder. Trustor/ne�ocably aW1o►izes and empowers BeneBclary ro enter upon �
<br /> �- � ' � � ' the Tiust Property as Tiustor's agent and,Jn Trristor's name or aNrerw/se to perlom►any srtd all covenants and eg►eemerrts ro be •
<br /> � psrfamed by Trustor es hereln p�ovlded.Benenclary shall,at its opdon,be subrogated to arty encumbrance,Iien,ala/m or demand �',;;.,;
<br /> • �.;..:,, , {::..`,:
<br />,� .•,,,,.. • • ,. and M al!dghts and securiHes for the payment thereot pald or dlscha�ged by Benelrclary vn�lhe provlsions hereof and any such
<br />;. ;f� , subrogadon�Ights shail be addit/onal and cumu/a�ve secmlly!or thls lleed oi Tiust • .
<br />��� . 11. Condemnatlon.The proceeds of arry award or c/arn!o►damages,dJiect or cansequential,irr connectton witA any condemnaRCr�c+.*.
<br /> - _ . od►er taldng of the Tiust Property,or any part thereof,or for conveysnce!n lieu ol a in andcipa5on of condemnatlon,are heCe�y , . •
<br /> T � assfseee�to and aha/l be paid to BeneNclary.tnrsta wiH llle arr8 prosecute,in good feith aad with due dilJgence,ils c��f�^�..�s+�`►. �
<br /> . �. � . � awa�t`aa�paymen�a►M wiif cause the same to be col/ecae��r+�paid to Beneficiary,and,shou/d it 1a11 io do so,Tius�r�r i^iew�ca�ly
<br /> e
<br /> arrCh�.�es and empQweis Beneficlary,in the nare r�!Tr�rs"�r�. othenvlse,to�ile,prnsecute,settJe a corr.promise avey�su:h clalm and
<br /> ° � ' ';�; ' ��rece;�r ttrr•aind retaltt the proceeds.�f�`�:Tiust Properiy ls abandoned by Tiusto�,o�aJter rto�ce N�y Benencrary to Tiusfo►, '
<br /> ;;�� � � that Ms cpnG'e++�;,r�c+��s to make an awa�d or�!":�8 alalm for damages,Trusta falls to respond to Ber�`u�aVy withln tlHrly(30)C'a,�
<br />'_ : ' : � on .
<br />'. alrer q+a dats s���r r}x�els m�iJed.8e�frclar/r's authaized to coNect and appy the proceeds In the m2rr•�ind�cated he�ein.The _
<br />�,,'�� � .�. ��� proceeds ot arry ervar0 or c/a!m may,aRer deducting a/l ieasonab/e costs and expenses,lncfuding aKO►Re,r>ees,whlcn may have .
<br /> beee lncurred by Bene6clary in e`+e�lfecUon theieaf,af the sole discretlon of Benellclary,be teleesed to?rustor,apphEC to `:�_
<br /> � �. , '�,,:���. restaatlor►ol Trust Properfy.a a�Yied to the payment of the lndebtedness.UMess Beneliclary snd t�usfor othenvise a3ree in wmir,g, ; �
<br /> ' eny such appllcatian of praceeds to Indebtedness st►afl not extend or postpone the due date of the Note ar:he payment pf any .
<br /> Mstallments called foi fhereunde�
<br />� � 12. Tiusto►Not Released.Extenslon of the bme fa ps�rtnent or modi/Icadon ol any smoRJzadon ol the/ndebtc-rsra�g�aM�d by 8enef'rclary
<br /> �` ta any auccessaln lnterest of Tru�i sha/l nat o�erate to re�easa,!n any manner,the liabil'rry of Tiustor anC�rusro�'s'successo�s in .
<br /> �'.. _---- ---. .
<br /> • �• •.t � �. lMerest.BenBficlary ahal!not be required to camrr,ence proce�ings agalnst such successor or refuse to extend tin;e foa payment or
<br /> • -- • . - othenv/se modify emort/za6on of tlre MdAbte9aess by reaso�at any demand made by Trusto�and 7r�stor's successors
<br /> _- - ' In lnbrest � .
<br /> '� '. !3 FktenCJaf InAonnaOfor►.Upar request o1 Be�reficrary,Tiusta will provide to 8enelklary,wltl�ln nin�fy(90)days of!he Close ol each Hscal
<br /> _ • yea►of Tiusta,the consafldated balance sheet and stetement o!eamings ol Tiustor and any and a/l gua►anrors ol tha lndebtedness
<br /> � . aecured heroby,Il any,aiM wID provlde and deliver ta Beneliclary such ofher 8nanclat In�ormatlon and in such manner as Bene/'iclary
<br /> � � may roasonabh►e4aest fium Nme to sme.
<br /> t1.fMSnclal Covenants.ln additlon to any other 1JnanClal covenants ol Tiu�ta made!n any other agrqement,insbunient or document
<br /> _---- - —..� -- Tii�lt0l SNSII Comply wkh andshali causaairy arM aIf gtrarantors ot the thdebt8tlness secr�red hereby ta canspty with,ar bo ln . - -. . . . .- -
<br /> , • � campYance witlr,fhe lollowing Bnanclal covenants:(Thls paregraph ahall not appty N covelfants and requirements a�e not set
<br /> : . . � MrN Nsre/n.) . .
<br /> •�, � �s. sc�daa or cgases.�thln tea(10)days efter demand.Tiustor shall/umish to Benetrclary a schedule,ceAi!!ed to by Tiusro►,settlng
<br /> • �. lbrth�Ilkases o/the Tmst Properry,aar►y po►tion thereal,ine/ud/ng/n each eass,the name of the tenants w occupants,a descripGOn
<br /> � • . , • . M fhe spaca occupied by sr�ch tenant a occupanf,the rentat payaWe ta auch space,artd such othei inM►mation and documents with � ,
<br /> . � rospsct to auc!►leases and tertanctes as BeneNclarymayreasorrabryr request .
<br /> � � • �� .
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