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<br /> Inaurance�rorr�uma.9touad ren[a,and aN otltsr chup�s w.4i�satvN/evts9 upin a$atasaad./�IQCOd a m�da�pdrrat tht tYuat
<br /> PrapMty,fruaror rurthsr gg,sss,apov,wrifren req{,esr hy e�rreNc��ry,ro prnrr+�th d�ln�.r m esnefklra►y�1V roc�lvta b+dNr t�Y�d --
<br /> .. 'i�3�:�ati";i.ry' ' such chatyes.Trustor Nkewlse agnss to pey Nl hxes.asaeasments and ott►er chmaes isv/ed upon or eusaased.ptaatl cr maa1� -
<br />_ " .�1• egnlnsl,ot m�asured by,thls Daed oiTiust ot fhe recadatlon hereof.
<br />- � �. �,Ap�tUcaUan o1 Paymonts.A!!paymente recelued by Bertnflclary ea to any r1obL Ileblllry m o61tQaUnn o�rod tn d�on�flclary by Trusto� �
<br /> may bo appped by Bsneflcfary to Ihe peyment of tha Indebtetlness or to eny 3uah otAer debL 1labtttry��obtlgatlon,!n any ad�r ar
<br /> �� �r :°:�: �= marrne�of appitoaffon whloh BeneBcJary,fn Its ebsotuts dJSCroNan,deema eppropd�(r.Unhaa othsrwlas ebaHd by AaHflcliry.any
<br /> W•":` :. � such payment ahaU bs deemsd+�pplled Nrat to tbs paymsnt o1 any dab!,llab(Iity or obNpatlan atlNr than the Not�.
<br /> � � � CAarge�;Usna.Tiustor will keep fha trust i'ro f�ae trom e!!llens and srrcumbrenoes whlch/n any way mey.tn the/udpm�nP of
<br /> ,;;���r`' '�'� ;: ���'� � Bensllslary.Aew prio�iry over.orlmp�lr tM asc�a;th/a�sed o/Tinat but Truator need nof dl�char�eny au�ch N�r►ao lonQ a�
<br /> �• �"� Tiusta shall agrae,in wrlUng.to pey 1he obllgafkn secured by sucAllen In a manner eccep tabJe ro Benefklary artd ahWln pood hNA
<br />. �a ��j:� contest su�h lfen bY eFprnpdate/egai p�ocee0lnps ettective ro prevertt ths e�oncemenf of H►e Nsn�1 u`�/oss of��y k«�ri�c���cr �_
<br /> ^•,: � •:'-}.:t � part o1 tA�TaBt Properfy.
<br /> � . � .,. ,� 7. Hezard Insurnnce.Tiusia shall k�ap fhe bulldings snd other lmprovemertta now existirt�a hereefler erectod on N►�Truat Pn�p�fy
<br /> ... " Insurod bytnsure►rae canfe�s satlafactoryro Beneflclary s�atnsibsa by lirs.humds lnaludsd!n d►s term"sxterrded co+ra►ap�' �r►d
<br /> ,, � � •. '�t. � such oMe�hazafds.oasuattles end conOtngencles as maY be reqWied by Beneflclavy.!n auch an►ouMS end Mr auch prrlods a�n�y b�
<br /> � �, �quired Dy Beneflclary.71:e poliay oflnsurance shN/Ae!n to�m eccspfabte to OCneNctery,plovlde fha!ttte sen►s may not be
<br /> csncelted a nadiffed w�Maut tHteerr (t8)deys pdar wrKten noUce to Benefkiary.srtd ahd/have fose p�yebls proviakns!n M�or ol and
<br /> � !n brm acceptehle to BerreBdary.IVJ premlums on lnsurance paNcles sheW be pdd/n the mannw provfdsd under paraynpb I haa�f -
<br /> �r ,` � a,Haat patd/n snch marrner,by Truatw making payment at/east fiRee»ry5)days prlor to the due date,d/rociy to tMlnawanc�
<br /> /� ca�rie,Ser�eflctary sha1/have the dghtto hoJd Ma pofkfes ar►d renawafs thereof and Tmsta shdf pranPtly fitmtsA to Bar►e8dary+�
<br /> '•2 renewai noUces end ap paid premhrm recelpis recelved b�(�!rt no event ahel!Benefidary or Trustee bs hefd responaJbla Mrlaf�u►s t�
<br /> pay Irrsurance premlvms or la snyloss or damage ads�irg out of e defect ln any pa�Jcya e�tsing out of any lalfum of enylnswa»cs
<br /> companY to pay fo�arry toss o�dantage/nsured agalnst a for fe1lure�y 7rusior to effect the!►rsurenae requJred hprew�ale►.fn ths avant.
<br /> �. ot loas,Trusbr shall ghre pra»pf noAfce by mai!to the tnsurerrce certlerand Benelle/ary•Benefic►ary n'►aY meln Arootd kas Hnot
<br /> :,;•:,.�; mede promptly o�ln propertam by Tasia.All pollcles of Insur�nce end sr►yand all refwtda of ur►eemed p�emiw�u ars hsnby
<br /> ' asslgned fo Benet�!ary as additlonalsecurfry tiai the peymeniot the/ndebiedness.M tha eventof Berreffclaryr's exeftJse of G�a pa3va� --
<br /> ? ;�'`:�. ��;'. ofsale contelned here/n.a!n the eveM o1 Mrecrosure,all dght.tltle and lnterest ot Tiustaln srrd ro snylnsurance paYcy tl►en/nl�Cnc�
<br /> <� shatl pass to the pu�haser ai the bvsfae's sefe or forectosure sale.In case o t sny b s s,t h e Insurance p�o c e e d s m a y,a t t M o p t l a►o f
<br /> Bertefldsry.be app!!ed by BeaeRclaryupon the Indebtednesa,a any pari thereof.end!n auch orde�and ernount as 8eneflctary may
<br /> �.. detemNee;or aeld inserance p�oceada,et the op�ovr of Beneflclary,may eJtherbe usedln rep/ec/ng or restaing U►a Tnrst Piopsrry
<br /> ' partlaty or totalty destroyed to a cornd�an saaisfactory to Berreeclary;or said lr�su�ance pmceeds,a sny po►da�n Me�eof.maY be
<br /> � • ieieased to Tiustor.Unless Bene�Ct�ry artd Tiustor othenvise agreeln wdtlng,eny such applicallon oflnsursnce proceeds ahnll not
<br /> � exterrd a postpona G►e dus dete o1�Note.o�anylnstai/menis ca►led lor therein,a�change Nhe a►nouat of suah/nsta�r»enta.Hths
<br /> ° �� Ti�st Propenyla ecqvlred by BeneNctary pursuant 3o the exerclse of tAe power of sa/e or othsr fo�ectosure.aU dght,tltla and lnterest d
<br /> �'�� " � .. �., Tarsto�ln end to enylasurance Rro�eedspayaDFa as a�esult of dttmage to tho�wst PropeRy prior to the sale o�acqulsltkiri shal/pass -
<br /> " � � to Benefldary and shaU be spplied hi�st to the costs and expenses.!rtcluding a.�arney tees.lncmred in coAecUng suchp�oceed�,fhsn
<br /> " !n the manner and in the order provided Aerein.
<br /> � 8. Preserveilon end Mslntenarrce at Tr�st Properry.Tasto�wDl keep the bulldings a»d other 1mp�ovemerrta now or hereeftererected o►►
<br /> _- , the TroBt f9oPertY/n good repeir end canafiaen and wil!not commi�a peanit weste,wr7/►rvF emai frie�asl�7tt or s�uCFurai� .
<br /> consUlO�ing any Dullding aow or/�ereefte�erected on and consUtudng the Tiust Pioperry wlthout the pr/a wdtten co�sent of
<br /> Benefidary,wlll not do sny sct o�thf.ng whlcb warld undaJylmpalr a depreciete tha valne of the Tiust P►a,}�a�ty and wlp�at abandon
<br /> • � the Tiust Propeny.Trustor w111 aot reinova sny fixtures constltatlng tlre Tiust Prope�ty unleas tl►e aeme ens i.�medlately replaced wiU�
<br /> llke propenysub/ect to the llen and secudty lnte�l of thls Deed o1 Tiust and of et least eQu�l.value snd vtUlry,Tiusta w111 COmply M�ftli
<br /> ��;•����,;, sl!present and luture o�dinences.rwgule�au end�equ/remenis o6 any govemmental body whlch are applicable to Me T�uat Properry --_
<br /> ;.ti.:y._ and tv sha occuQancy and use tlre�aof.Kthls Deed o!Tirrstls on A uMt In a condomin/um or a�lanned unit develtrpmer+�TruStor ahelJ �,
<br /> ' '•���• peAam►el!of Tiustor's obligattons ua►dar the declaratlons a covenants creadng or goveming the condan/ntum or the p/enned urtit ___
<br /> ,' ��' devefopment.the bylpuvs and regula8ons o/the condomlrrlum or pJanned unit deNetopment,and the constttuent documenis. —_
<br /> � � 9. Inspectlon.Benoficlary orlts egents mey,at all reasonable dmes,enter upo»the Tiust Prope�ty lor ths pv�pose oflnspec8on.
<br /> ' ,,<,i,.;,': Be»eflciary shal►have no dury to make such lnspecUon end shalf not be Ilable to Tresro�or ta�ny person In possessJon Hlt mekes or
<br /> � � ;�i`,,;';.•,'c /aAs to make any such lnspectlo�. �.��:•
<br /> . 10. Protectlon of Securfty.Il Tiustor iails l�perbmr any ol the covenanis and agreements contalned!n this Deed of Tiust,o�l�any actlon
<br /> or proceedlns la cwnmenced whlcls does or may edversety aNect d►e Tiust Prope�ty or tha Mteiest o/Tiustior or Beneflclery theroin or
<br /> the tlde of Tiusta thereto,then BeneBcfary.at iis opdo»,may perlo�m such convenants and agreemenis,make such appearances,
<br /> ., defend against and lnvestlgete sach acLton or prxeeding and tc�ke such other actlon as Benenclary deems necessary to protect ita
<br /> ' interestlncluding.but rtot Ilmlted to, dlebursement ol ressonable attomey fees end enby upon fhe Tiust Prope�ty b mske repairs.My
<br /> . ���,•-�.:,' amounts dlsb�trsed Dy Beneficfary�u�stianf to MIs pa►egraph 10,w(th interest theroon,shaJlconstllute ledebtedrtessof Tivato�
<br /> . ' �r�,:;�,?, • securod by thls Deed ol TrusL t/niass Tiusto►srM BeneNclary agree to other temrs o/payment,such amounta shafl�e payable upon
<br /> _,, ;t� noflce/rom BenaNclary to Tiusto�requestlng payment thereo%snd shell bear Inte�est fiom the date of dlstwrsemeni at the defeuR rate,
<br /> : , Heny,set IoM�!n tho Note,or othen�vlse at the hlghest rete permlKed by law.Noihtng conta/ned!n thls peragraph shalf neqr�!►e
<br /> ���:.'�.� ' � BeneNd�ry to lnc�rr any expense or take any ecL�on herennder.Tiustor!►revocabty audro�izes end empowera Beoefldary to enter upon
<br /> � • . the Tiust Pioperry es Tiustor's Age►�J end,!n Tiusro�'s name or otherwise to perAwm any a»d sil covenanta and agreemonts to be
<br /> , ,,�,,,. pe�foimed by Tiusb►es hereln provlded.BenoflNary shall,atlts optloe,be subrogated to any enoumb�eace,lfen.clalm or demartd
<br /> � :�°�;:,. and to s/!�ghts end secudti�es fa ttse peyment thereof paid or discharged by BeneBclary und�r lhe piovlslons he�eol and any such
<br /> . s subrogatlon dghts shaq be add/tlonsl and cumulative secudty lor this Deed of 1'rusr.
<br /> , 11. Condemna�on.fie pioceeds of any swerd or ciffim lor dsmages,dlrect or ca►sequenUuf,ln connecLlon with eny condemnstlon or
<br /> ciher taking of the Trust PiopeAy,oi enypert dteieo%or/or ccmveyarrce!n lfeu of or in enticlpation of condamnatJon,are hereby
<br /> � asslgnad to end shall tre pafd ta Be�eNclary.Tiusbr will Hle snd prosecute.!n good lafth srid wftl�due dqlgence,its cla/m lor any such
<br /> eward or payment,artd wlfl ceuse the seme to De collected end pald M BeneNcJary,and,shoutd it lalf to do so,Trrrstor lnevocaby
<br /> •• � ead�odros end empowe�a Benefldary,!n the neme ol Trusto�or QU►envise,fo�le,prosecute setUe w compromise eny such c!a!m and
<br /> to col/ect,recelpt fo�and retein the proceeds.N the Trost Properry is abandoned by Tiusro�,o�,aRer notice by BeneBclsry to Trostor
<br /> thet tlre co�rdemnor oftars to make en ewerd or settle a clslm for dsntsges,Trostor lalls ro respartd to BeneRclary withln th/riy(30)days
<br /> afte�the date such notice!s ma!/ed, BeneNcfary!s authoNied to collect and appty tho proceeds/n the manner lndlc�ted heroln.The
<br /> proceeds of any swaM o�clalm may,after deducUng a!I reasonable costs end expenses,irrcluding eaomey fees,whfch may hsve
<br /> been lncrrmed by Berreficlery(n tha cfl!lecOfon the►eof,at the sole dlscretlon of BeneNdery,be released ro Tivaror,applled to
<br /> restorstlon ol Trust Propa►ty,or ap�lled to the payment o/the Indebtedness.Unless BeneNdary end Tiustor od►e�wlse eg►ee ln wrltlng,
<br /> any such appllcatlon of procoeQs tm fndebtedneas shall not extend or postpone the due date of the Note or the payment of any ,
<br /> � lnstallments ca0ed Mr thereunder.
<br /> � ` • 12. Trusta Not Released.Extension of the Lime for payment or modfNcaUOn of eny amo►tizsdon of Me Irrdebtedrress grented by 8eneflcfary
<br /> •s_ _�T_�1_ �y
<br /> _ -_�__ _- tp Hnr su�eawvi in iriiesrv�ri vi TrtraI¢ii 3iiio�rivi 6p8i6iv iO ibic65v.ei aT'ry'nr@FiTici.arv rtau`inij w��uai`vi m�v rr�ioiv.o oii�.i.wuanu��. r ---
<br /> '� . lnierest 8eneficlary shall not be reyulred to commence p►oceedings sgstnst such successor or roluse to extend Nme lor payrr►ent or !
<br /> ' ' otherwlso modtly amorLizadon of the lndebtedness by reason o�any demand made by Tiusror end Tiusror's successors � ,
<br />, � � y !n lnterest �
<br /> 13. FlnsnciallnfomraUon.Upon request ol BerteBcfary,Tnistor wJll provlde ro Bene6Cfary,wiCrfn ntnery(90)days oi!he close ot eaCh nscsJ � -
<br /> '�' yesi o�Trustor,the conso!ldated balartce sheet end stetement o�eenNngs ol Tiustor and any and e!f guaranto►s of Me lndebtedness ;
<br /> aecured hereby,ll any,end will provlde and dellver ro Hene/lGary such oMerNrtartcia!lMamaifon and In such martner as Beneficlary
<br /> ' � may reasonably reqaest lrom Ume t+o dme.
<br /> � • 14. Flnartdel Cover+ants.!n addltlon ro any other/inartcl�l covenants ol Tiustor made!n eny other agreerr►ent,lnsbument or document,
<br /> � � ' Tiusto�shafl compty wiN►and shall cause eny end ep gnaranfo►s oi tAe/ndebtedrtess secured hereby to comply with,o�be In �
<br /> s ' compliartce wlth,the/o!lowing fJnanclal covenants:(Thls psreg►aph shall not appry ll covenants and requlrements ere not set '
<br /> � , /onh Aerein.) �
<br /> • � 15. Schedu/e o/Leases.Within ten(10) days alter demand. Tiustor shall lumish ro BeneBC(ery a schedule,ce►d/Ied to by Tiustor,settlrtg
<br /> � ," forM all/eases o/d►e Trust Propery,or eny porUon thar+eof,lrtcluding!n each cese,the neme of the tenants or occupants,a descnpifon "
<br /> ' � o/the space occupled by sucA tenent o�xcupsnt,the rentel payable lo�such space,and such other(nlormatlon and documencs with �
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<br /> , r9spect to such leases and tenancies as Beneliclary may reasoneby request.
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