|
y .�.... .. � ' �f" ' ' �;`��";\.. . �i . ji�. .rr .
<br /> . 1
<br /> n . J��t !� } ..v4� - ..11. . .._�2. ""
<br /> t - � ..._ __. _.
<br /> .. . �p • r.+�x�(nrr � .�,_�..��...
<br /> f'f�� • - .t . �-- ..
<br /> =,.� +___._-. " '" - _ __ ��__
<br /> _ .__.__.�..:.,:'
<br /> . „ ,
<br /> , � �,ar�wxl nMS,�nd�u o�r�MupK�riowi)'hvNd upon a�e,P�a nMdr MMn�t lh�T1Rat
<br /> r�«ry.�u�wroM►,�►...,w,�wrn+++►n�r�y�r.��a'�•►a e�.r�.�ar�n�►w»o�.ar n�►v.r��t o� '
<br /> -- - - - iNlw7 a:f�iiwy`Ber.�Jsiw Jlk�WNla�yiww i0��y ii�f tGZ�3,d�....-"'!e!!!!!!!�M1�1 t�M►MMld�f[MYl�d y0of10/MMIIMd,�W a►��� _ _.
<br /> -- -- - � �Q�At,Ol A4NtSW�d by� [lJhJ Qe!!d of Th191'W thd�llCOfd�EfOtllMlr01. "
<br /> �; Aupllat�Non�1 Fayments. All�peym�tv recalvad Gy F�srteA�Jery a�[io any r/sbt,N�W�fly a ahNp�Elon nwied!n Qiy►1►NGNvy bl'TnaMr"
<br /> _- -- �„� may be spplleaP by Ben�fi�cl ro Hw p�ymer►t of fhe trtcNbNtM�a a Eu�ny►iuch otlMr d�bt,N�biNry ar��ar►,�n�ny�rcNr a•
<br /> u~ auc��l paym.r�an�M a��ed�app+Yid��'H at�ro�yn+M+�'�r,����,�ay w»Mcf�wy�wny
<br /> �C1wQ��;U�na.Tnratar wlNkeep th�Tivat P 0»o A�orn�A'N�nf�rM anCw.nbrancstt wfMch(n�tty w+�yn►�Y.M� o!
<br /> 9�rNfbl�ry,haw priorffy oYw�a lmprr the a�i�a0.lhit�liNd d Trtpt b+MTrw�or rrMd rwf dRclr��nY�Nrn i�iis
<br />— r Truiter ahaH e�r�e.In wrfEtrp,to pay Ms obA�yatlon Mcur�rd Dy auch N�n M�man»�r�cc�pt�bl�Ib A�n�A�l�►Y+Md MMN fn Qood hMh
<br />_ -----_� � canie�t�uvft Hw�6Y Wr�►s�P+1:Na l:yc+�tr'�c.:.tflrtp�cffr.r�.�ta��nrtt!Nt�cnlbn�ntr�+t M Mre Nen arxl dM lose d�nykrirn�tin oe ,_-___
<br /> prt o/ths Tit�t ProP�►N- now rxJtEinp a h�lM+enct�d an tM fnat Prr�iy
<br /> � N�zv4 Inaunr�a.7ru�tov ahaN kwp rM bultdlnrp anoi od�►ln�►prowm�e[a
<br /> lruurosl by inawancs c�nhra aatlshctory ro�►�N1r.luY a��nat Jo�r by fYn.A�zsrdi It►ciud�dln tlN t�►m"�acMnclKi oow►p�"�+�d
<br /> ' auch othsr hararde�cuu�kree and condngencMa�s my b roqWnd by Brr»flcNny�In auch�rrxWrnh�nd br woh pev�da�may b�
<br /> roqulrod by B�rn}Idary. Thn polcy of insur�nct ah�d!bs!n brm scc�ptable to�NMaN, th�t tM t�n►�ewy natb�
<br /> cwiae�ar rrt�RKl wfthout fiRNn!t6)days prlor wriXSn rwUCa to B�nMlcNry�end il►aN �w looa p�Y�bN Pio+�Vrk+a*�n/ar�ord�d
<br /> tn form accept�bla to Be�wikrsry.Al!pr�loms orrlrawr�RaNcles ahatl t»petd M th�rr+�rxw�►lx�l�led«ndar Ps►+Dn�h�Mnol
<br /> or,H not ANd f»auch msnrNr.by Trusta meklny AAf�nwnt rt hut f/Msn(16)daya pdw to fhs Qus dds,dNM�tKY a fM�
<br /> carrier.BenefPclary shaN hmrs the�lpht b hold tMpo�lcks md rorrswafa drsroot and Tr,usta ahaM pmmPtfY MNQh t�BMe�clir)►s�
<br /> ronewel notkes an0 ali patd prerMum recelpts rocsfvsd by lt In r►o eNent shsN Bm�llctary ar Tiutt�bs held ntporurlbl�h+'hMunEa
<br /> pay Mawance premtums alfar any tasa ordema�e adsl�►y out of a delsat/n anYP�Y aui►sln�aAO1�rryhikre ol�nykaurr►as
<br /> companY�P�Y lorany/a4s adam�a irtswad apalrtst wlbr/e►lure by TnrsJa M e/hct d►s Insurer►ce�eqWrad harwidsr.In fhe awer�t
<br /> oftoaa,Ti�st�r shaJ/gl�prompt rnotice br mdl to rhelnsurartce carrhr ond Bs►wftc/ary.8e►�e�CtrY may m�1ctproo1 of bsa ltnat
<br /> mnde prom�aln proper/orm by Trustor.A/l policlra of/nsurar�ce and erryand N!»1r�r►da olunsv►►ed pren�f�rn aro herabY
<br /> ssslyned fv 8at�ef�ctery as addmav►sf s�+n�tY far�R�;'�i ol Ure Irtde3>t+�drtet�.tn tAe�v+�ntot8er�r's er�nalss oi tMP�'� � -.,..
<br /> uf asle contdned he�eln.orin the everit dllbracbsur��aN dghL�lle and lMereat ot Trustortn�r+d co�nylrtaw�emce paYcY fM�r�in liorce
<br /> :S. ..� anerl pasa co a�evurcnesera:a,e orr,sree�a sale orroreclasurs aere!n cass aanylos�.n,e r�nce proce.da m+n►..e�ne opMan a
<br /> 8eneflclary,be appl/ed by8eneflciaryupmn tha Indebiedness,a eay pa�!theneW.aed/n such ader arrd�rnauntar Bsnel9clrY meY
<br /> -,� .Y;; �..; ". �," detem►ine;c1 saldlnsu�ence proceods,et tha�ptlaa►af 8sneflcl�Y.may ertf�e�be used In�eptec�a�g arestoring tlrs Truat Prop�rty =
<br /> :.','�fa�"�. ,• pnrtlaly a totally dosb�oy�eat M a condldon nailafectory ta 9eneflclary;asald/nsurer►cs prcceeda.a�r+y po►Bon tl�►eol.+neY be _
<br /> - , ;;.:;..,t•:. .. •.,�,o �/��e d t o T i u s t o r.U n t p s s B e n e fl c i a ry a nd'fi�sto�othErwlse a greeln wdtl�g.eny svoh appXcatlon of/nsur�nce proceeds s►�aw'n�t .;.;
<br /> J ��L.:�Ril�`��M['.�J!L�� a::::..
<br /> -,"':',L.''.• ��� .• ' extend aposQoorte the due date o/ths Nate,or erry tnstalAr►eMs called fa drereln.a chanpe the amouM o!suoh lnshllmeMs.Nd�s
<br /> `•��,y;:.�:;.�;:,;-�.:?;��� Truat Properfy Is aaqulred by 8erteflcfery purauant to fhe exe�clse o9tlre powerof sale aothar lb�rec/osrrre,a1JdBht,tlde and Mhr�e,�t of.
<br /> : Tiustal»an�f to eny�nsuranco pmceeds payeb/a ss s resutt of damage to the Trtrst Properly pria ro tlie auts a acqufaftlon aha11 A� _
<br /> °-��.�;'�;:r`..:; '. �t to BeneRc/a►y end shell be applled Brst to N;e costs end expenses.including ettaney tees.lncu�red!n cNbeLtng suoh procesdv,than
<br /> • , - In ths manne�end in the orde�provided he�eln.
<br /> � �� - 8. P�esenratl�on ead Matntenartce of Trest PropeRy.Tiustor wlll keep the buildinga snd other Improvements�ow ar heiealtererectsd on
<br /> �: n
<br /> __ , ., _ ths T�!!'r�ks gc�te�telr end s�sdltlo�t ens!x�11�t�rttmit w pe�mlt wastef wip no!sltettha deslrtn o�shuotuntf characMr
<br /> ,... ,.: -.° _.--
<br /> Co►►stlartlag 6ny DuitdJng now orheresRe�erected an and constltrrdng!Ae Tiust Propeity wlthartthe pdor writ[en oonseMol
<br /> � • ^ 8enellclary,wll!rtot do enyect o�tMrrg whlah would vndutylmpalra deproclate dre value oftha Tivat Propeiiy snd wlll not ebe�rdb►r
<br /> � ^ the Tiusr Prope�ry.Trust�or will aor remo��e mny Nxdrnes conatltuNng tl►e Tiust Propery vnless Ms same s►e tmmedlateN r�pinced wiN�..
<br /> '_,; " : ' " like propeny sub/�ct ro thellen and secwrity inieiest of drls Oeed of Trt�s!end olet/esst equnl vafba And utllity.Tror�tar wlOcomply wiil►• .
<br /> .�,�„�i:, ° 811 pli9s@1Jt end tr11u�+B o/dlntt►tCtls.i+e9ul�tlons end�equlr�menis of eny govemmental body wMc+h are apPXcabJ�W tho Tnrsf Property
<br /> . ..r;;;;:, . And b fhe accupancy aatd use thereot.Nfhls Deed of Ti�t ls on e uatt!n e condominlum o�a plao►ned untt devebpmenl,Trr�ator aheN
<br /> . ��,,� p e�foim elJ ol�iusto�s ob11g8tlons under the declsneUons o�coveneMa raeatlng o�govemiag the condomiMum o�the plartrred unit
<br /> �� � •• - developm.e»;the bylaws and reguletfons oi the coadominlum a plannad onR develnpment,an d t he con s�t uen t daoumen t s.
<br /> � .. 9. ►napeoUon Benefldery orlts agents may,at aft neasanable tlmes.errar upon dre Tnrst PiapeRy ta the purpose ot fnspectlon.
<br /> - � �-�'' - 8eneflalary sha11 have rw duty to make�uch Inspection end shell not be Qable to Tiustoror to any peison ln possesslon Nlt makes or
<br /> le!!s to make any such/nspectlon. --:-
<br /> � , f0. Proteodon of Secu►ity.N TrusMr 1a11s ro perb►m eny of the covenaats end agreements contalned tn th/s Deed of Tros�o�Nany ecilan ___
<br /> - � or proceeding is commenced which doea ormay ativersery affect the Tirist Praperty o�the Inte�est of Tivato�o�8eneflclary d►ereln or =
<br /> the 1JUe of Tiestor thereto.then Beneflccttary,at!ts optlon,may perfonn such convenams and sg�eems�rts,make such appea►ances, �;—
<br /> ' � � defend ag�inst end inves8gate such actlon or proceeding end take such other ectlon es BeneNcfary deems necesea►y to prateci/ts �:''_-
<br /> lnter+sst Inc fu�lnp,bu t rto f Um f t e d%dlsbursement o/ressonable ettome y lees end enby�pon the Tivat PropeRy to make repalrs.Aay [,ir-.�
<br /> � . amounts disba�sed by BeneNclary pur�Lant to Hds p�reg►eph 10.with Interest thereon.shAll consUtute lndebtsdness of Tiusto� ±���.�:_�_
<br /> �� � secarod by thla D�eed of Tiust tlniess Tiysio�ar+d Benafldary agres ro othsr ferms of paymeni,suoh amounts shs!!be payebte upan ��.,��-_
<br /> �-'�'� ' rto8ce fia»Beneflc/ary to Toysior reqaesUng payment th�►eof,and sha!!bearintereat lrom tlie dete of dJsbursement et the defatrlt rete, -
<br /> !I eny,set farlh ln the Note,or otherwlse at the Mghest rete pemrltted by law.Nothing contalnod in th/s ps►ag�eph sha/l requlre �`.:_��:_
<br /> F��:� � BeneNciary to Incur eny expense o�take sny ec�on he�eunder.Trasia lnevxsbJy avlhalies end empowers Berreficlary to erKer u►ton };;°.�
<br /> , � the Tnrst Pioperty as 7rusto�'s egent and,ln Trosto�'s name o�othemise to perform any and ap covenanis end egisementa to be ;.+: . •
<br /> � - .. ' peAOmred by Trostor as hereln provided.Bene�dary ahall,et lts opNon,be subrogeted to any encumbtenee.Uen,ctafm or damand �;�
<br /> ' , attd to sli nghts end secudLies fo�the payment d►ereo9 psld or discharged by 8erte�cJary unde�tha provlslons he�eof ertd e►ry suoh
<br /> aflon d hta shal!be additlonet and cumalative securfly for 1h1s Deed ol Tiust. ':'�� .•,
<br /> subrog g �
<br /> f 1. Condemnaafon.fie proceads of eny award�r clalm/or damege�.dlrect or conseqventlal,ln connectlon wlth any coedemnadon c► .{,
<br /> other teldng of the 7iust Properly.or any pert thereof,or ta cor►veyance!n!!eu ol or ln antlNpaUon of condemnaLlon,are hereby h �'
<br /> � �� , asslgned to end shell be pald to 8eneflclery. Tiustor wl!!flle e►rd p�osecute,!n good 1dNe artd with due dlllgertce.its clalm br eny suoh 'r•
<br /> `� award o�payntent,an0 wU!cause rhe same to be cot/ected end peld ro Beneflclery,end,should It tsq to do so,Tnisror laevocebty �;`
<br /> ��:,. ,� eotl►orises end empowe�s BeneNctary,/n the nante of Trustor or otherwise,ro flle,prosecuto,seffie or compromise any sach clalm end }�;,.,..
<br /> •�,�" b co/lec�iecelpt fo�artd►et8ln the proceeds.I/tl►e Tiust Property Is abandoned by Trustor,a,altor aotlee by 8eneflelsry to Trerator }�,�r�,•
<br /> i; .- �7�`�
<br /> ,' � d►ai the condemna olleia to make en ewa�d o�se!!te a clelm lor damages.Tiusto�/aifs M reapond to Benelfdary witAln thUty(30)days ., ,
<br /> ; efier the date such nodce Is malled,BeneNclaryls autho�►zed ro collect and apply the proceeds ln the mannerindlcaterl heseln. 7ria
<br /> ; , • proceeds of any awerd or cfefm may,after deducting all reasonabia coats snd expenses,indudJng attomey fees,whlch msy have
<br /> � = been tncurred by Benoficlsryln the callecbon thereof,at the sole dlscredon of Benefldary,be released to Trusta,epplfed to �1:
<br /> resto�aUon of 7rust Property,or epplled to Me payraierR of the Indebtednesa.Unlesa BeneNdary end Tiustor aihenvise egree In wrltlng, I.
<br /> �E� any auch eppl/callon oi prcceeda to lndebtedness ahal!not extend or postpone the due dat�o/tiia Note or the payment o/eny ��
<br /> . i'. lnstallments oalled br thereunder. �'
<br /> �:
<br /> k 12. Tivsfor NoY R�leased.F_xtenslon ot tha ame lo�paymant or moditlaA�an of any amortlzaUOn ot tha lndebtedness grertted by Beneflclary �
<br /> .�I`� ' r,��v r,..,�:nccnr�n Nrs.ssr ot Trestor shall not onerate to releas�.f�MV I11811R9f.NT9 IIBD/llty O/T/USfOI 8lIfI TN8107's successors In ��
<br /> � IrtteresL Benefldery sheU not be requlred ro commsnce procesd/ngs sgafnat such successoi or refuso io extend Ume Ior payment or �,
<br /> �: othe�wise mod!!y ema�tdza0o»of the Indebtedness by reason ot any demend mede by Tiusto�and Tiustnr's successors �
<br /> !n inierest �;:
<br /> y r. t3. Flrtandal Mfomratlo».Upan request of 8eneficla►y. 7rosror wfll pmvfde m 8enefldery,wiihtn�rinory(90)days of Ne close of each Bscet �•
<br /> year of Tiustor,Me consoltdated Oslance sheet snd stateraent of eamtngs ot Tiustor and any a»d a!I guarentors o/the Indebtedness �
<br /> � secured hereby,!1 sr►y,and wlll provlde end dellver to Beneffdary such other Nrtancla)Utom+atlon srtd!n such manaer as Beneffclary
<br /> ' may reasonabJy request hom 8rr►e to Ume. t
<br /> J4. Hnancla!Covenanta.fn add(tlon to eny odrer Nnanctal covenants ol Tnrstor made!n any other ag�esmant,insdument or document, �
<br /> „ , Trusio►ahalf compry wfth and shsli cause sny etnd ell gueranto�s of Me lndebtedness secured hereby to comply wiM,or be!n
<br /> compllsrtce wltl►,the b1/ow/ng lfnarrde/Covenants:(1?Ns paragreph shaH not appry!/coven8nis&nd requtrements sre not set
<br /> toNh here/n.)
<br /> � . � 16. Schedu/e of Leases.Witld�ten(10)days slter demand.Tastor shall lumish to @eneNGary e schodute,ceRiHed to by Tiustor,settlng
<br /> " , ' fo,th all fsases o/Me Tiust Property,or any portlon thereo�,fncluding fn each case,the nante ol tho tenants o�occupants,a descdptlon
<br /> � of the apace occupted Ay sucA tenant o�occupant,the rentel paysDle lor svch space,end sucA othor Information artd doauments wlth
<br /> respeat ro such feases And tenancles es BeneHcfary msy roasonabty request.
<br />
|