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<br /> TO PRM7:CTTJ4�BECURITY OF THIB DEED AF TRUBT.TAUSTOA HLIiEBY COVENANTB AND t�(��RB�BA���I��i�
<br /> l.Phya�st ot Ab1l�stlao�. Trwwr�htll pmmpily p$y the Ubll�atione when d�a. �
<br /> '--��''�=='� =°"°�"''��— 2.YY►are�n�y ot 7Yt1e,Tru�tor i�laNfully�eired and paa�a�ed of Buad and indofeuiblo eitle and catsto to tho Propnrty he�*eby umvoyr.d nnA _
<br /> hu the rl�hf W�rant and convey the I'enperty;!he Propesty!e Qtae and cicu of�Il lien�and encumbranoee oxaept......__._..-.------.
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<br /> and Twstor�rW�attuit�nd defend the titls to the PropertY aRain�t aU cltimr�nd demwnEt. ---
<br /> 9.M�iateaance and Compli�aae Wtlh Law�. Truetor eheU kaep the Property in Kood raPaie'�nd aonditton end�haU not com t was or
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<br /> permlic impatrment or deta�oration of the P[operty and ehell oomp1�r with Wo providone of eny la-zco ff tbia Dccd af Truat in en n loa�mhotd.No � —_
<br /> 1 impmvamen!�ow os herestter erected upo:►the Praperty�ball i�e altered�removod or demolithed wlthout the prior wrltkn eoareat ot
<br /> . Benefldary.4tvetor shall comply with aD lnwa.oidinenoee,reguladons,coveiunte,coadittone and reatrlctions efferttng tivs Pro rty ead not
<br /> dn
<br /> �1 }... ��t� on or reetda
<br /> � �;T,;�. , nutl'er or permit any act m be done in or upon the Pi+eperty in violadon of any law,osdinnnp.reSulution,cavenaat.condi �netittrtin�
<br /> '4-�. � tioa 14wtor shell comylete or reetose promptly sad ia good workeaanUke warmer aay buitding im mvemeat or pereonnl property
<br /> � �t�t,����•�L:.' part of the I'roperty whieh rnay ba damaqod or deatroyed snd pqy,when due.all clnima far Inbor performed and matoriale fhmi�hed therefor and
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<br /> �. � . ' '+•r� .'* �+ foraayalteralionathereaf.
<br /> • F �.S�S.x-.:�.:°-`'.��
<br /> . `:.= ,'' , • ... . 4.Inauranco. �uator.at ita expettse,wilf ineintnin wlih inaurers o proved by BeneRdury,inswance with roapect w the imptovomonte snd
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<br /> �• •, f peraonal pmpeity consdtutiag the Propertp aBeirtet loea by Ma,lightn ng�Wrasdo,aad other perUe covorod by e etnndard exWnded oovarege —• - -
<br /> ty
<br /> endoreement,ia en emouat equel W at IeasO one hwtdred perean!of!he ti�U repleoement value thareof;and insurenoe aBainet euch ather heaarde
<br /> �,-��� . , arid in euch amount as ia cuetomerlly carried by ovmaee and operatora ot similer propertie�and es Beaetidaey mnY re4uire fos ite protection. —
<br /> .i• Truetor wiU com ly wiih sueh otherrequirements as Beneflc[ary may tirora tima to time requeae for the pmtection by ineurance of!he intereaL of
<br /> /� . the reapective paprdea.All iaeurance policiea meintained piusuant to thie Deed oP�uet shaU neme Truetor and 8eneflciary as inaurede.ea thoir
<br /> respective iatee+eata may appear.end pmvide that there ehaU be ao canceUation or modiRcation without wrltten notloe to the Beneftciary Rtteen �_` _
<br /> (lb)deys prlor to ita espirallon date.In the event of canceUallon of such iasurenoe,7Y'ustee or BeneRdary may pt�ocure euch inenrartoe and tda
<br /> ��.� � ' cost thereof eheU be addad to t he loan e e c u r e d by t h le D e e d o f T r u s t a n d e h a l l b e a r i n t e re s t f km tbe date of dtebwsement at the rate payeble
<br /> ° � � from time W tirae on ontatAndir�g prG►ctpal on the Note unless peyment of interest at euch rate would be contrary to applicable law,in wlilch
<br /> , �, -- event such amounte ahuU beur intereat at the highest intereat rato authorir.ed by applicable law.Tt1181AT 8Il8II d01�Y8T 1A H8A011CI9ty t}l0 0ljgIA9I �a'-r _ _
<br /> _ �y _-� T�-.-- puLaes of inaurenoe and ronewnle Li�a�evf. I�otlare i�e tlu�tslsh such fn..^urancc by Trtt�tor.or renewnlp np.a�nirad hereunder sbaU.at tlte option of � '.�,�,. -----
<br /> s AeneRciary,coneNtute a default.All uaearned premiums are hereby asetgned to Truetee as addit{onal aecurity and a eale and canveyanoe of fhe -
<br /> .. Proparty by the Tn�etee eheU operate w convey W the purchaeer the 14uewr's intereat in and to all polictea of ineurenco upon the Propetty -:'�*'`
<br /> ' argea,including.without limltedon.tines and ��..n'
<br /> �� 6.Te:es�Heseasment and Chargee. Truator shall pay aU taxes,eeeesamente and other ch �,.��::-
<br /> ' impoaiNona attrtbutable to the Property,and leasehold paymenta or ground rente,if any,before the eame become delinquent.Truetor shell �+' ,,_
<br /> pmmptly tLrnieh Benefidary all notices of amounta due under thie paragraph,snd in the event TrusWr ehell make payment d[rectly,TrueWr l,v,.��,�,;'_
<br /> ' ehell promptly fUmieh W Beneticfary receipte evidencing euch pnymente,Truetor ahall pey aU taxee and aeseasments levied upon thie Deed of __
<br /> Truet or the inde6tednees eecused hereby,together with any other taxea or asaessmenta which may be levied againet the 7�uetee or Beneflc{ery :� ;__
<br /> or the legal bolder of the Note. .. = —
<br /> � e.Addillonal Liens aad Proteation of BeneBaiaryre Beourity.Tn�ator ehall make all payments of intereat and prIncip�1 sad paymenta oF • y
<br /> ' any other chargea,fees and eupeneea required to be patd by the terms of eny pdor or subeequent deed of truat or mortgege before the dete they .
<br /> " are delinquent or in default,and promptly pay and diachargo any and All other liens,daima or chargea which mey jeopardize tho securth'6�n� .
<br /> — _---- - and menrg mntained in this Deed of Truat,or �- "�; �.
<br /> .. • � herein.lf a)R�uetor faila to maice any euch paycuuut i,r i'altd to perform any of the casanants agree -
<br /> Lhe Note referred w herein,Or in any prior or eubaequent morEgage or any prtor or eubaequent deed of truat;or b)if any action or praceediag is •
<br /> � comwenced which matedally af'f'ects Beneftciary's tntereat m the Property,including,but not Iimited to,eminent domain proceedinge�proceed• � ,
<br /> is►gs tnvolving a decedent.notice of sale by Truetee,noNce of default by Truatee,or mort�tage forccloaure action;then BeneRciary,at Beneftciary'e . -
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<br /> opdon and wlthout notice to or demand upon T�vxwr and without releaeing'Truetor from any obligation hereunder,may make euch appearancea, :,, ,
<br /> dieburee such aume and take auch action ae Is neceasary to pmtect Beneficfary'a intereat.Sucb action may include,but fe not limtted to,disburse�
<br /> ,. •� ment of reaeonable attomey's feea, a ent,purchaee,conteet or compmmiae of any encumbrance,charge or lien,entry upon the Property w
<br /> .. :. _ .. ._ mahe rr+pairs,or declaration of defauplt under this Deed of'huat and Nota refernd to herein,and eale or forecloaure thereunder.In the evont that
<br /> • . Ttustor ehall fflil to piotuie�nsureneo oc w pay taxea.nanennmruf,a.���.��y.,thcr charac:,ci to m�!:e s.Ry gEt;'ment�!^pny ar{cting prinr nr aubae- . ._.--- -
<br /> qnent beneAciariee,Benefidery moy procure auch ineurance and make such payment,but ahall not bo obligeted W do eo.Any amounts diebursed ��
<br /> � by Bepeflcisry pureuant to this Paragraph 8 Ahall bc�omo additlonnl indebtecinesa of Trwtor aecured by this Deed of Trust.3uch amounta ehell ,�
<br /> be payablo upon nottce from Beneficiary to TruaWr requeatinQ paymont thereof,and ahuU bear intemat from the date oCdisbursement at the rate ,1�,:�
<br /> '. �� payable f�om time to time an nutatanding pr[ncipnl under thc Note unleas payment of intereat at such raW would be mntrnry to applicabie law,ln � a
<br /> which event such amounta shall bear intereai at tho hi�heet rnte permixnible under applicnblo Isw.Nothing rnntsined{n thie Paru�raph 8 ehell "��� �
<br /> • require BeneRcinry to incur uny expense or Wke uny action hemunder.
<br /> � 7. Leased Peemiseet AesiBnmonta of Rente. Within ten t 10►dayx nRer demand,Truator ehall furniRh to BeneRciary u schedule rnrt{Red to �f%�•
<br /> be true,aettin�forth all leases oF spnw in or of the ProperLy thon in eflect, including, in euch enxe,the nume ot the tenu�ts and occupantn,a -��:�c' •
<br /> descrlptlon of the apace occupted by auch lenant nnd occupnnt+s,the rentnl paynble for euch xp�ce xnd such other informntion nnd dxumenta with
<br /> . � reapect to auch lensea nnd tennncies as the Beneficiary mny mqucr+t.
<br /> Without tfie prior written cansent of Heneficinry,TruxWr Khull not,dir��ctly or indirectly,with rexpect to nny lea�e of spuce ie the deacribed i
<br /> ' promises,whethe�such leaee is now nr herenfter in exietenrn: 1a►ncci�pt or permit ony prepnyment,discount or edvancc rent payuble therrun• � �
<br /> der, (b1 caneel or terminate the same,ar uceept nny cnncellation,terminntinn or xurrnnder thereof,ar permit any event to occur which would j
<br /> entitle the Ir�usee tharrunder to terminnte or cunccl thc anme; �ci nmend or madify the Nnm�•Kn na tn rc�duc�the term.thereof,the rentnl paYnble [ � .� _ .
<br /> therounder,or to change any rnnewal proviniona therein contnined;�d�wnivc nny defaull. thcreunder or breach themof;�e)give xny conecnt. .
<br /> walver or npproval thercunder or tnke any other nctton in c�mnection themwith,ur with n Icax�M thereunder,which would huve the effect of [
<br /> impairing the vulue of lessorw intereat themundc�on th�1'rnperty,or of impairing tho p»ition or mterext of tho Trus4•c ur BencBcfery:or�fl ;
<br /> sell,aeaigo,plr>dge,mort�age or otherwixe dispa�u of,or encumhc r,in iiny auch Ieniu ur rnntx.��NUe,�or NruBtx(hFUinu or uriaing thcrcunder. �
<br /> • Beneflcittry ehall have tho right,power and nuthnrity duri�a the continunncr of thiw I)md of Truat to rollect th�renta,iRxuea and pro8ta of the � .
<br /> Property and of any perrcanel property located thenron with ar withuut tukin�{x�axeNe+ion of thc propeny nt'fiMted hernby.�nd TrueWr hereby
<br /> absolutcly and uncondiNonally naKiRne nll auch renG�,iHxui�a nnd pmfita to Henrficinry. R.mr6rinry,h<�w�ver,hemhy�ronxenG+m the Truator d
<br /> collection and retention ot'such renteti,ixdues and pmfit++ua thi•�•nccru�nnd bernme pnyu6l���o Innt;u�Trustor ie nut,nt Kuch timea,in default ae �
<br /> de6ned herein. Upon nny aueh default,AcneRcinry m��y nt uny time,eithcr in prrron,b�•n�;amt,or by�►rceeiv�r to hc nppnintcd by u rnurt,with- �
<br /> • uut notice and wfthout rcgard to the ndequncy of uny xirurity fa•thi�mdcbtidnesa homhy xccumd: ��u ent,er upon nnd tukr poyxexeion of tho ,
<br /> � property or any pnrt thereof,nnd in ita own namc�uc for or othcr�vixe�rolkYt auch mntH,ia.u�•+nnd pruTitn,including tho:K puet due and unpnid, '
<br /> and apply the ewme,Ieex coxta tmd expimeus of operntion nnd collection,includin�;rcnxonnhlv nttorncy feee,upon nny indi�Atednexa securcd hen- !
<br /> by,and in auch order es BeneRcinry may determine:�b�perfi�rm,+uch ncta of mpnir or pndirtiun nx mny be mreasury ar pa�pt•r to wn�ern th�• ,
<br /> � vulue of the Property;nnd�c�Icnse thr Hnme or nny p+�rt therc�uf far Kuch r�ntnl,term,imd upun auch oondition�i�x itx judgment mny dictute,or
<br /> , termtnnte or adjuet the terms imd rnndition�of exietin�;IonNeH. Un�oax TruHtnr�md F;��n��ficinry n�,aei�nthenvi�e in writintC,uny upplicntion of
<br /> � mnta,ieauea or proRtx to uny indcbtedneax xccured hcr��fiy aholl nat i xtcnd ur p��atpune thc duc dntv uf"the inat:illment pnymentx i�K pmvidi�d in
<br /> eaid Note or chnnge the umount of,+uch inetnUmenta.The��nterin�;u{xm nnd taki ng p�r+Krxaion of the Propi rty,the cuUcctiun of Kuch rnntx,i�aur,+
<br /> and protitx,and the npplicution then�f n+dcKCribrd h�•rein,ahell nut�vni�•i•nr cur�•any dcfault or nntirc nf di�fi�ult hi�reundi�r,ur invnlidutv�ny
<br /> � sct done purxuunt to auch nntic��.Truxtor�dKO a�xi���tn li�mi�liciury,nx further��rurity for thr{x�rfnrmumr nf th��Oblikntions eecured horeby.
<br /> nll prepaid mnte und nll mnni�•s which mny heve h��rn or mny h�•nmRi•r tx�drpiwitad with Kaid Truxtnr hy n k�KS�r of the Pn�prely.tn necurn lhr
<br /> � puyment of uny mnt,und upm def+iult in th�performnnci���f tmy uf th�•pruviKiunr:hemoL Truatur n�,�n•i•�to deli��i�r xuch r��ntK nnd dv��aits to thc
<br /> L_.. ._ . n___n.�..�. s�..�:........„r....���....�..���....f'tL.n..firinriK oYrn•iw•of th�•riuhGv L�ranted hernm,tonn�•tcni�nt�xrupyin�;�nid pn�mi�ra�hnll M��ul1i-
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<br /> , efent�to mquirn enid tennnt tn pny ariid nrot t�i the lien�•ficinry until fuMlxr nnt�ci•.
<br /> � 8. Eventa otDefaulb My af thr fnllowm�evontN whr�ll tx�dirmirl+m e�•�•tit��f drL�ult hi•r�•undi•r
<br /> � • 1 �a�Truetnr ehUll fail topuy th�•principnl or intrmat�if the Oblitintinn+whi�n du��:
<br />_ ! lb)Truetor whu11 tik i��'�duntury pcUtion tn bunkruptcy or�hnll bi�nc�judu+Hrd n Mnnkrupt ur m�ul�•�•nt.ur shnll fil�•iint•peUU�m nr unxe�i�r
<br /> .� seekin�or ncquiei+cinM in nny nbrgnnizutinn,i�rr�ing��ment,a�mp�wrti�xi, ri�ndju�tm��nt,hyuidnt�on,df�soludon or xirrolnr ra�licf for itxrlf
<br /> ; under uny prr:Knt ur futurn bnnkruptcy.inxalvi•ncy ur othi�r mlicf tiir d�btarx:ur�hi►II K�vk or cunr�•nt lu ar ncyuieMrr m thi•��pp��intm��nt
<br /> ' oCnny truetec,nrciver ur liyuidutor of TruNtur or uf ntl ur nn�•pnrt of t h�•I'n�pi•ri��.or nf un}ur,ill uf the ny�+dt��H,n�v�mur�,mntw,iaxuca
<br /> nr proftte�thrnbf,ur xhull mnki�uny kn•m�rnl na:�itimmivu f��r thc Ix•n�•fit uf cnvl�turw.��r�hnll udmit w wr�tin�;uK�nnhilih tn pny it�d��bt�
<br /> genernlly uK thcy 6iromc du�•:or
<br /> � � �rl A court ofn�mpctrnt junxdictiun ehnll cntor nn urdor.jud�,rnunt ur diY•nv��ppn�vm�;u{x�utwn fil�vl�iwmnKt'fruwtur aorkm�lui�ri•��rRmu-
<br /> F aatinn,dixholutinn o�e+imilur mllcf undcr ony pmx��nt or futun�fi•dcrnl.r+tiUc��r uthor wt+�luti•. I+�a'ur rry,n�iaUon���I�u���g tu I�nnkntptry.
<br /> � insolvency or other mlief Por debtorx,imd�uch order,�udtinn�•nt ar d�•cnr•ahall rrmum uucncnt��d nnd unntu�•ivt lur i►n��Fgregnto uC.izt�•
<br /> . �601 dnye��vhetfior o�not mnsecutive�frum thi•lirwt diu��uf rntry thcrnol':nr an��truKUr,nYr��or nr I�yutdutur af Truwtur of nll��r:in�•pnrt
<br /> nf the Property,or of uny or nll of the myi�ltii�K.mri�nu��».rnntK,ixvui•e+or pnfit�th�•nvd.�hull!w•�ip{roiutod a•ithuut thi�am.+i�nt ur uapn-
<br /> . �•,arncr of Truxtur�md wuch nppnintment xhnll rnmnin unvncuted ur iu�+tuvid fi�r nn i���;n•�s:�h•.d'��xt���t;o�d+i��hvheth�•r��r nut�•�m�.��•u-
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