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<br /> '�" s'��' TO PROTECT YHE SECURITY OF TMIS TRUS7 DEEO,THU3TQR MBR88Y COVENANTS ANO Af3RBES A8 FOLlOWB: -
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<br /> '�°" �� '`��' 1.PAYMHNT OF PR�NCIPAL AND iNTEREBT.Trustor ehell promptiy pay vihen due the princlpal of and Interest an the indebl8Jna8s evidented by ----
<br /> �°,;�'".:'",•.!..-�. the Note,and all other charges and fees as pravided tn the Note,and the principal ot and interest on any Futuro Adveneos avcured by this Trun Qeed. -- - - - - --
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<br /> " ;,^* � °� 2.WARRANTY OF TITLB.Trustar is iawtully seued and posseased ol good end fndeteasibie titie and ostato to tho Propertyr horeby cartvnyod nnd �-, - __ -
<br /> � k''''�i';"'' `j,L,. hae the right to grant and convey the Property;the Prope►ry Is free and c�ear of ali I�enn and encumbtances except Uans now ot recotd;end Trustor wlil
<br /> ' �1"' .•` �� � wartant and defend the tltie tothe Property agalnat all claime end demands. _
<br /> ` �" � 3.�tA1NTENANCE AND C011PLUNCE WITH LAWS.Trustor shall keep the Property in good repalr and condltion end shail not commit wasteor psrmit �__
<br /> ��; Impairment or detedaatlon of ihe Prope►ty and ehau campiy with the provlawns of any tease if this Trust Oeod Is on a Ieasehoid.No Improvement now �;,,__
<br /> � � ' or hereaRer erected upon the Property shell be altered,rernoved or demolfshed wlthout the prlor wtitten consent ot Beneticlary.Truetor ehall comply wlih ��
<br /> ' � ' all taws.ordlnances,regu�adone,covenants,condiuons end reatrlcpons attecting the Property and not commlt,euHer o►permft any act to ba done in or �''�'"_
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<br /> � upon the Property In vioietlon of ehy law,adinance,regulalion,covenant,wnditlon or restrictlon.Trustor shatt eomptete or restore prompNy and In good „�-_;'� --
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<br /> ? workmanlike manner any Improvement on the Property which may be damaged or doslroyed end pay,when due,all cinlms for lebor pe�formed and materialn -'„__--
<br /> turniehed therefor end for a�y atteratlons thereot _
<br /> rrr�i-�_�
<br /> // � a.INSURANCE.Truetor,at as expense,wlll maintaln wilh insurors approved by Bene(iciary,inauranee wlth respect to the Improvemants and personal ..,_
<br /> � � � property,wnstitudng the Properl/. ageinst Ioss by flre,IigMNng,tomado,and other periis and hezards coveted by standerd extended coverage indorsement, �,_--_
<br /> In an 8maunt equai to at least ane hundred percent(t00°/a)oi the fuli reptacement value thereof and insurance agelnat such other haiard6 and in such �;4,__
<br /> emounts ae Is custom8rily carried by ownere and operatora of simiiar properdes or as Beneficlary may requlre tor ita protection.TruBtor wili camMy wlth �.�.-.
<br /> . such other requlrementsas 8eneticiary may from tfmo to urne request for tho protectbn by tnsuranee of the Imerdsts of the reapective partles.All insuranee � -
<br /> --- •---�-_- -- policlC�Rt�tn;alncd pursuant to thfs T!ust D??d 5ha���?mc,Tr��arnr anA AenAticlary as ineured.as thefr respective intereata may appear,and provlde that ��=�
<br /> . there be no cancelialbn or modlGCatlon without at least t 5 days prior wriqen notification to Trustee and Beneficiery may procure auch insurence In accord8nco ...�-�:_
<br /> with the provislons of paragrapn 6 hereof Trustor shall deliver to Beneficiary the aigina�poiicles of insurance and renewa�s thereot or memo copiea of �-;��•.-�=-;
<br /> such poilcles and renewals thereof.Failure to furnieh such inaurance by Trustor, or renewais as requiretl hereunder shail,at the option of Benehcfary, ���=
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<br /> Constitute a default. ^-'��`
<br /> r G.TAXEB,ASSESSMENTSANDCHARQEB.Trustor snall pay all taxes.assessmems and other charges,induding,wilhout Iimitation,tines and impositlons ' _
<br /> � attributabie to the Property and leasehotd payments or ground rents,it any,bafore thesame become dellnquent.Trustor ehall promptly furnish to beneficiary +�: '- __
<br /> all nodces of emounte dua under th�s paragraph,end in the event Trustor shall make payment direcqy,Trustor shall promptly turmsh to Benefklary retelpts ",�;:;,-
<br /> evldencing such payments. 7ruator shall pay all tazes and assessments which may be Iovied upon Beneticiary's intereat herein or upcn this Trusl Deed
<br /> „ without regard to any Iaw that may be enacted imposmg payment of the whoie or any part Ihereot upon the Beneikiaty.
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<br /> 8.ADDITIONAL LIENS AND PROTECTION OF BENEFIC�ARY'S SECURITY.Trustor shell make all paymenls oi mterest and principal and payments � „ .,
<br /> •' ,.._.„.._ nf any other charges.feea andezpenses contracted to be pa�d to aoy exist�ng or subsequent lienholtler or benelicfary,under any ex�ating or subsequent ..
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<br /> • mortgage or trust deed befo�e Ihe dete they are detinquent or�n detault,and promplly pay and discharge any and atl other uens,cla�ms or chargea which ° �° - " "
<br /> may Jeopardl2e the security giantod herein.if Trustor fails to maka any such payment or feils to pertorm any of the covenants and egreements contalned
<br /> tn thls Trust Oeed,or the Note reterred to herein,or in any prtor a subsequent trust deed,or if any action or proceeding Is commenced whicfi matArlaliy
<br /> aHeete BeneNclary's interest In Ihe Property,includmg,but not hmded ro.eminent domem prceeedings,proceedmgs mvolvmg a decedent,notke ot sale •°
<br /> by Ttustee,notice ot defauit by Truslee,mortgage faec�osure action.w if Trustor fadsto pay Trustor's debis generally as Ihey become due,then 8eneficiary. •
<br /> et Beneflclary's opdon and wittaut�d�ce to w demand upon Trustor and without releasing Trustw from any obligation hereunder,may make such appearances,
<br /> ' .. .. . JIbLYIOtl OYNI au111D Ai�is fa�o 7i:::ow�:...�+��Y..^.�C�,"..:�j:Q rlC:CC�QC.^.C��_iO.:f'e+..�o.no� Inrh��lln� Md nnf IImlfPtl fn di5b11I�NTH(11 fl1 fpAFOOBbIA BQO�f10V�S _-._i.._..- ,.
<br /> fees,payment,purchase,conlest or compromise of any encumbrance,charge or lien,entry upon the Property to meke repavs.or declaralbn of default �
<br /> • • undet this Trust Deed. In the event that Trustor shall lad to procure msurance or to pey taxes,assessments.or any other charges a to meke any payments
<br /> � to 8ny exlslfng or subsequent henhddera ar ex�st��g or subsequent benehciarfes. 8enef�ciary may procure such�nsuran�e and make such payment,but . .
<br />-. ehall not be obtlgated to do so.Any emounts disbursed by 6enehc�ary pursuant to this Paragraph 8 shall become adddlona�indebtednesa of Trustar seCUted �� n �
<br /> �, by thls Trust Deed.Such amounts shall be payable upon not�ce trom Beneficiary to Trustor requestmg payment thereot,and shall bear interest hom the ���
<br /> • '' date ot disbursement at the rale payable from time to ume on outstand�ng pnnapal under the Note unless payment of interest at such rate woutd be contrary '`
<br /> ' ' to epp�lCable law.�n whkh event such amounta she�l bear�nterest at the higheat r&te permiSSible under AppliCable law Nothing contamed m this Paragraph "` ',•���
<br /> ' 8 Shell require Benefic�ary to mcur any expense or take any action hereunder ' ��
<br /> 7.A8SICiNMENT OF pENTS. 8enef�c�ary shall have the nght,power and authonty dunng the contmuance of this Trust Deed to collect the rents,issues � ����
<br /> „ and profits of the Property and ot any personal property localed Ihereon with or wtlhout taking possession af the property affeCted hereby.aed Trustor �"
<br /> " hereby ebsulutnly and uncondhonatty assigns afl such rcnt�.���ucs and prolds to BB�ehcia�y Be�e��c�ary. hnwavar harehy consents to Ihe Trustor's E . _
<br /> Collectlon end retenhon of such reMS.issues and profds as they accrue and become payable so lang as Trustor�s not,at such time,�n de�ault wdh respect I
<br /> to p8yment ot eny mdebtedness secured hereby.nr m thn pnrlormence of any agreement hereunder Upon eny Suth detaulL Benehtiefy ntay at eny ttm0. :
<br /> either in pe�son,by agent,or by a retewer to be appanted by a court,w�thout noUCe and w�thout regard to the adequacy o�any SeCUnty 1or lhe indebtedneas I , .
<br /> hereby secured,(a)e�ter upon and lake possession ot the Property or any part thereof.and m ds own name sue for or otherwise ColleCt such rents.issues
<br /> and protNs.including those past dueand unpaid,and apply the same,less costs andexpenses of operat�on and coltecl�on,mcluding reasonable eltorney's � ,
<br /> fees,upon eny mdebtedness secured hereby.anU m such order as Benef�ciary may det�rrmine:Ib)perlorm suth acls ot repair or proteCt�On es may be i ••
<br /> neCe8safy or prop9r to consCive the value o�the ProNerty.(c�lease Ine sa�ne or any part thereo��u�such rental,term. and upon SuCh cOr�drti0ns as its
<br /> Judgmenl mfly dictate,or termnateor ad�ust the terms onti condrtions o�ezisling leases Uniess Trustor antl Benef�c�ary theroo}ag�ee otherwise m wr�tmg.
<br /> any eppliCat�on ot rents.issues or prof�ts to any�ndebtedness secured hereby shall not eztend or postpono the due datc3 of the mstallment payments as
<br /> provided in said prom�ssory note a change the amo�int ol sur.h�nstallments 1'ha entering upon and takmg possess�on o1 the Property,the ColteCtion �
<br /> o}such rents.i3sues and prohts, and the apph�aUOn thereot as d�oresaul.snau not warve or cure any default or noUCe o1 default herounder or mval�date ,
<br /> 8ny 8Ct done pursuent to such noUCe Tnistor also.�ssigns to Benohcinry.as�urther secunty lor the performance of the obhgaUOns SeCUred hereby.alI i
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<br /> prepeid rents and all rnornes wn�ch may have heen or may heiea4e�be depos�trd wdh sa�cf irusto�by any iessee o�tho Property.to secure the payment
<br /> , of any rent or damages.rn upon dvlault�n Ihe pe�fonn.,nce o�any o11he piovis�ons herFro�.Trustor agrees to Aelrver such renls and depoSds lo Bene itiary
<br /> Del�very of wnUVn nOt�te uf Benc3ficiary's vxerc�se u�In� ughls yiant��d herom.tu any tenant occupyiny saitl prem�ses sh,�tl bB sufhtieM�o require Said
<br /> � tenant to pey rent to the Bene6c�a�y unui I�uther nuLca
<br /> 8.CONDEMNATION.If tme to any pait o�tnc I�roporty shall hr takon ui conAe�nm�dion p�ocaetl�nqs by r�gnt ot eminent domam or s�mdar aCl�on,or
<br /> ' Shell bB Sold under threa�u�wndemnat�on.a��.na,uds. Aamages��nd prpceeds arg hereby assigned antl shall be pa�d to BBnefiaary wh0 5nell app�y
<br /> Such awards.damagcts an�pruceeds to me sum srcu���d l,y th�s lr�is�Deed w�tn the eacess.��a��y pa�d ti�irustor II Trustor�ece�ves any notice or
<br /> , other mfoimation regard�ng sucV�actu,ns rn p�oteeAmyb. T�u�tor�,n,W yrve promui wr�It����nodce tnereot tu Benehuary Benehc�ary shall be enUtleO,at
<br /> ds option.�0 cortimence.appea�in and p�osecutN in�is own n:im��an��,urn.�ction or prc�cre�dmgs.inA sh.�ll bE�entiUad to�n,ike any tompromise or senlem6nt
<br /> �_ �n eonnecUOn wdh any such acUon n� proceed�nys
<br /> . � 9.FUTURE AOVANCES.Upon rPyuesl ot Trustur li��nrl�ti.�ry.p Hrnela�.vy.uphun pnu�lu�rc����vr�.t���t��d u•e•P���pwry I� i�utitar m.ry rT�.tkN
<br /> ' future advances to Trustor Such lu�ure adv:�nces wrth m�erost thereon.shali bo s�:ured by th�s Trust OeeO when ewdenced by U�um�ssory nutes staUng
<br /> , that s8id notes are sewred hercrby.pruv�dod thal nt no I��»r sh.di the secured pr�nc�pal�nd�uturo advancc�s.nol mclud�ng �.ums ctdv8nced�o proteCt
<br /> � th@ S@CUnty.axcoed two humMed percunt 110Q°��1 of ihr oiiy��ud P������P•+I amounls srcurpd hFieby
<br /> ° 10.REMEDIES NOT HXCLUSIVE.TruStee and Hr.nehr.�.uy..�nd e��t�.��o�Ihem..,tiail br rn��tled�n enforrn paymoM.�nA pe��urm�nce o�.tny�nAeb�edness
<br /> •+ or obligations secwod h��rebyantl W exe�nse au nyhts and puw•��ti undur th�s irusl perA or un�1�r any othor ag�f�emNnt naecutt+A m trmnecUU�ne�ewdh
<br /> � Or any I8w5 nOw or horedlter m toir.t�. nutwi�hst.tndinq 5umi�ur .�II ol Ihr�.u��h�nA��bte�dness and obhqahnny SCCUrFA htveby m.ty nuw ar hp�alftH�bz
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<br /> otherwi5e sec�.ued.wliether bymudyaye trust de�d_P���d4�' '�c'��-•�1s'�ln�n��nt nr�Ih��rwitir Ne��th��r th��,If.Crp�dnCP UI IhiS Tiutit DPNd��ur�ts PnfprCe3ntenl
<br /> whether by Court achonor pi,�suanitr�thopow���ul ti.Nr ut u�hp�puWwti hrn!m cUttld�noA tih,dl p��qudu'o itt m.Iny m.mn�?r,�Ifect irustto s or Hrn�hr��iry"5
<br /> . �i nght to reahte uponor ent��rceanynthe�1BlUfilY���tW��r hr�r.Ift��r hi�ld liy i�us�reUr(ipn�•lu'alry d I�r�ny.�qn���d Ih.it i.u�drt�anA Benrfir�,vy .md each
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