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<br /> ' �. ` . < tns{�ic�rce pr�miums.grouiid rerrb.ant!ett�t�cer clsarSes vih�tsoever favt��F up�n or esssss�tf,P�atasd��rrade sg�irWt tr?s Trust� � _
<br />- , . '� ``'� Tn�rsEQr turt�+er s es.upoa a+ritten rarpuasi Dy�snsticlery.fo praanpitir deffve�t�Benellci,ery elt recelpts t�th�payms�i af "�` �, �, __
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<br /> . °�, � = • such cha�g¢s.Trustorfi:ca��Jsa egrg�s Eo�ay ell tex�s.essessmerrts�nrf otAar cAarg�s levlad upan�resses��d.pfa�Erd a�mad8 t„pc 4�T �
<br /> ' ggatnst,b7measuradDy.MtsOs&{�ofTiustar�rereCa�tiaftonAerucf.' ` • � ``� -
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<br /> � °�� ��. ' ��' ` _S Apgltcaffon o!Paymenis At!paymsnts racetved by,8enafldsry es ta any dab�GabJUty or o�Ugalfon owed Fq.Bens�cis►y by fi�stor = _
<br /> - may ba ep�iiQaF by BanaBd�ry to tha�taymant of the lndebteQaess a�t�.tany BuCP�oUsrdaD�UablAty ar e011gatfcq.tn at�y ordsf qr ' ��`F'" — -,
<br /> ��i�� :�� � :'�`; , . , man►ier of appliea0'on wirlch Ban�EFi�ary.la fts eDSOJ�te discreilon.dsems eppropdafe.Unl�ss athenvlse etacted Dy�enafrcfary.e�+Y �ti� Ft ����..���-
<br /> _ . :� �`_�=.-,� � ` . ��sucA payment sPis!!b�e daesned apptlsd fusi to.the payment of ary daDt.FtsO�ity arobllga�an aihar than t�a Nat�� �:t � � -
<br />-- � �:�T•'�•: . .,<,::' @ Clrarge�Uena fiafitqrwttlkesp'tha�'iust Fioperry tres fram allllerrs and encumbrences w:at�??►In eny wey may.ln rha jriQpment of �,�,�
<br /> ;_`�� � - "� , �Erreflciary,have pr�t�►avs�.or lmpalrthe securtry oL thls Dead clTrust D1rt Trustor nesd not d�harga an�sucA Uen so fan9 es ���hC � -_
<br /> . • , Trustar sRaltagrea.!rr wrtting.topay the oDligaUan secured 6ysuch tfan tn a msnnar eacaPtaOla to�cmafiC�y 8n0 shr�fJ tn goQrlfzJa: ` . ��,�-,zx�. :_
<br />- '° � • - , corttest sucli�en Dp apP�apdate(egat pm�eedings•eftectivo tq prevent tl�e enfa�cemem ol tha Usn asr�tha lass of any�nteresti»or • �
<br /> o;,: part Mthe Tiusi Pmparry. � '� ``�����'�`�
<br /> — � _ 7. Hazetd 1»su'i8nc8 Tivatvr shsJf kttsp b'`�Etrifolittg�8nd ot�ter lm,�tav�ments rtata sxls�g�shrtee�te�e�eCted on tttQ Tiugt P�¢°rty. � �% 4 :�`'
<br /> IRSUrsd bylnserenca camiers satisfactory to BerreflclaN a9efnstloss by Prr�hezards hictuded 1n the teRn,"eutended coverega"errif. }, , ° *::.
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<br /> sucA othe�hazar+ds,�uafdes atr0 corrungenc/es es may Oe isgrrired by 6enafrciary.iri sucA smaurrts and fu�such pedads as may D9 s _,''r '.• ,
<br />__ � �equlted by 6arteffclary.TAe pclicy oflnsurartCe shalt beln form acce}�fabta to 8e�eft�fary.Pmvt�fe thst t�a same mayrrorb� . ° ` „}„ �F
<br /> -- ::''�._ cancetled ormcdrffe�withaut fiftsen(i�days ptlor wrliten nntice tn Beae6ctary,and shall Aeve toss payabts provisfcns!n ta►�a�afand -- s �i;,
<br /> . ln famr acceptabJe ta B�nefia At!praMuma on Insuisnce poGcies a h a U ba p a t d in tire martner provided uftdet parag�aph 4 heraof ,�_ :;� ,;:ar�,��:•-.
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<br /> _ cr.ifnoi pafd In such marrne►,�y Trustormaldng paymeni at least fffleen(1�days prio�m fhe dua d8te,d/iacd�t m Ure lnsr�rance "�i' }:-
<br /> � . carrfer.8enefrciaryshslthava tha dght tohnld tAs pofiCias andranewais thereof and Trustarsha(lpmmptlyfumish bo BeRefic/aryetf � -.;'; :;� . .�
<br />_'��! rerrear�t notices and a11 patd premfum receipts recelved by iL/n no event shati Be»efiGary or Tiustee be Aofd respanslUle far la!lurs to, �} �
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<br /> pey i�surerrce�Z�minms orfarany/ass ordamage artsing out of a defect Iri srry paficy cr ads�ng aut c�en)S failura af any fnstoance ; : a- ,
<br /> � r� � ' � com�vany to pay f��anyldss v�damag�s tnsured egatnst osforlai:ure by Tru�rorto etlect the iasarence nequifed hereunder.!n tha eYent � - �-�a��•-
<br /> ,.t, � oflQS�.Ti7rsiarsAattgtve promptrratfce by maH to Ehelnsurerrce carrfe�snd&�efrcfary.Beneticia�/maKmaf�s pmulolfoss 11 rroi �-�' �, _- -
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<br /> - • `��� .�.�.�,. m���rompUy ori»propar form by Tiustar.Nl pvfrcies ofinsu�ance snd any and aU refuads o!unsamed pnamh�ms are har�by - , ;;:_
<br /> - � '. r,����.� as�gr:ed to Bsnefir.�ary as 8ddi�ffnaJ sea►rKy far the payment of tha Indebtadrress.ln tlra event of Benaflalaru's exerdse o1 tAe pnwer
<br /> : ;kt�,i.��,�.F:.,•';' ofsale contaTned t�rein,o►fn the svenioflorerdosrua.all dght,�6tfe and fnier�tol Tiusto�In and ta sny,tn�urenae paliey then in tonce � .�' _,
<br /> f,.�:, ,.. sliall pass to the putcAaserat the�ustse's sale o�foiadosure safe.fn case Q6arrytoss.the�nsurence pmceed8 may.a!the optfon ol f T-
<br /> � , •• Benefrctary,be ap�r�d by B�rrefr�iary opon 1ha/rrdebte�ress,ai any part th�eof,and In such order and&mau»i as Bene�rdarymay �
<br /> '•` --__��`._.'��t°�:_: : _.__ _ _.__detemrFqe;arsafd�urance�Caa�sds,et theopffon af Beneficla�y.may eith�rbe er�ed tn replacing crresta�lrr9 the Trr�si Propelry --
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<br /> _ '` `'�.t����;c':. ' p�tialN a totslty destrayeit fa a xa�?d'r�on sailsTac�ry io�ellBF,�i�ry;a�r�d in�urance pracesds:oranygaman therevf,-may bs�-- � --- , � -a
<br /> r �;: relessed to Trusf�r.Unless Her�s�Y end Tnistor othene+ise agr�e in wdtlng.any such appGcatlon of ia�urance prac�ds'shatl aoi 's -
<br /> . . ,,, . extend o�postpone Na due da{s af the Note,or any insta0menss cafled far ttrereln,o�chartge the amount a�such fnsi�`Cmer�!I tha ; � '„��r�. -__
<br /> ' Trust Praperry Is 2or��ired 6y Beneftcfary pursuant to the axerclse of the�a3rr�sol sate or athe►forecloswQ:,s11 ri9fr4���U►terest of '��
<br /> . ...' �.'r•;- � , Tiustorl»and to�insruattce proceeds p�ya6/e as a result ot damage fa(hs Trusi Propeify prlar ta fhe&ale or acqt�on shaUpass �
<br /> - : . - -- - - ' to E3eneficlary ae�d�7ali 6e appGed ffrst to the costs arrd expenses.InGu�+ng-ettomey fees.tncuaed lir cotlecUng.sr�ck proceeds,then � `
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<br /> - . _ .`,:�. tn fhe manner andln the arder�aoplded Ae�e1n. • . -�,� �
<br /> ' ' � , 8. Preseroadon and Maintenance a$,7frust Properiy.l7usto�will keep tha bv:dings and oth�rimpmvamertts now or h�1tt:�erect�d on ',,_,.� . t :�. F;
<br /> • -`��- " - lhp Trust PnoPerry�.qaod repaFr and condrtTon and wllf noi commit or err�1 w,aste,w;7incl��:isr fha de&tgn or stticti�characte� i...' �:� ���
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<br /> ;;x.;;�.-:�,r:;;.::...�;�::•:,:.';�,c: cons�ng$ny ..t!�'u►9 now a hereafte�e�ected on and canstit�rtirrg tpfre 1"n�P�operty 4it;.�raut the pdar yvritten consent ot� . ,, ;_�;�
<br /> .; ,;f,f�r , !t � �eneficlsry,witl�d4 any act or th/ng wlilch would unduly Impair o�de�ri�:rJ�the value of the Trust J?raperry and wi!/not abandon � �-
<br /> ' l i,�':f�,.� tfre trust Properiy.�1'nrsto�wi0 nai�;mave s1ry fixtures consdtrrtlng th6 Trus�r,f�� 7eny uqless the same�8�ltyrmediatefy replace�wlth , ; # .
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<br /> ,:,S,rs;��4.�,�;:.;'.; . ltke properry subJect to the Uen�ri�disscuriry lnterest of ttrfs Qeed of Tnr��.7��;:tleasteqr:al kalua en�'is�51y.Tiustor wilt camply with :;f'��.,. .;-;.--;_;-:_
<br /> ' .:.,t<, ,r,` sfl p►esent and luNre ord/nancesi;±��aGoris ar►d requ/rerr�4�,'�.�',�?-'ri��ani�!!1�[rrv.f?ich,are spFlleab/e to the Trust Propsity ;;,,r.��1,'���f,',..,.:�t =
<br /> 1' and to ttt9 occuFsna7l er►d use tfi�srjry�Jt thls Deed of�iusti�arcc��+i.ra�crr�aminlu�:i�r,a plarrned r�it Qavetopmen�TnistorsAatl. ..;:;r,��. , �,, ��,,
<br />-- - .. -_, - • padarm aU ot7rustars oLligafions riaderthe d�'aradons or���,�'�7�:argoveming the condolr�;ium or the p/anned unrt , � ,r � 3�.�-_��.
<br /> � � V develo men4 the 6 aws and re ulatlons o!thc'condomintum nr planrt�d:�r`�:d3vetopment,and the adrrs�7uent documenfs. �;'` `�:='�=�:>'?"f r"���
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<br /> � . 9. lnspe�ction.Benaflclary or its agents may,ei a!l ressonabla dmes.enter uF�in ilre Trust Properry far the purpose o/JnspecBon. :�• •:
<br /> �� BenefTcfary sha/l have no dury to make sucAlnsFectlon and sha0 noi be liable to Trusta�o�to any pe�son In possessic���I.¢makes or • ��:�;�'
<br /> � ' .'.. . . f�fs to meke any suchlnspec�on. ' ' : _:�.,;.:;;_`;c�;�,,
<br /> • �`. r;. �,. �:, 10 Protectlon of Security.If Trusta�tails to perlorm any a1 the covenants and agreements contalned in fhts Deed o1 Tiust,onf any actfon ,
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<br /> . or praceeding!s commenced whlch daes or may adve�sety affeot the Trr�sr Pr�perty or rhs inierest•af�Trustor or Beneficlary tRereln or . •.{���-,
<br /> • •� "' the tiUe of TrusYarilirfeto,then Benehclary.at tts optlon,may pedorm sucttcrnnrenanfs and ag�eemants,make such appearances. �.� • -•�
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<br /> - ' � �• defend agalnsl antt'ls�ves6gate such actlo,�or proaeeding and take such ourt�'�ctr'on as Benef�aiary�deems necessary to protect its � '•�.�. • .
<br /> _ � ''';.,rf''.'��'}i��`;: Interest h�c l u d/ng,b�i t no i lim l e d�i o,d ls burse m e n i o l r e a s o n a b f e e tt o m e y f e e s a n d e n t ry u pon tt�e Ttust Pro pe r t y to make re pa/rs.Any Y�, .�"f[)r��;;��'C:°,�-, +;
<br /> ' - � �,���, ••'S5'�!�it{�"���7.;.•.'�'..� ��.
<br />- � � ,+:,,;-,:•::• smounb dlsbursed by 8arr.��li��pursuant to thls paragraph!0.wi�lnierest lhereon,shaD consUtute Indebtedness a�s Tiustor ; •
<br />- .� ' "' secured by Ws OeeO of TtusL t�"as 7rusror and 8enetclary agree to olhet te�ms al paymenf;secb amounts sha0�r j;���ebie upt�n .. ;.��YY�';�4,���•�;.,; a•
<br /> � ,. � . notice trom Bene,b,�ry to TN�rt�quesdng��rr�er�t thereof,and shalf bear lntarest lrom U�e date of c�t�ursemerrt�.'t#:e default rats, •- r �ss `
<br /> �.• '. . : tt arry+,set forLh fn th�r�7ofe,or otherwlse at ci�m I tl'r�hest rate permttted Dy.!aw.Nothing contafned!n this�ragraplr sft�.x fe�ulre - ', �. , .:
<br /> � • �eneflclary to in�c'r�y expense or teke a�ry 2o�on Aeteunde�Trustorlrrevacabrr authadzes and em�s�c+�rs Bsrs�ft•�3ry to enfer upon ,E; � �; ;•-�;
<br />� ' •�� � , the trust Property�x frusto�s$gent and,in Trusto�s name a�otherwlse:o Ae�oim sny and aJl covenanis and Egt�nrc�ats to be • ;
<br /> � - ' pe�formed by Ti�,sl�r•�s Aereln ptovldetJ.Benehciary shall;at Its optJon,be subrogated to any encumbrance,lien',dr3k�r�or demand
<br /> ' end to alf dghts�t�d seaudGes for the payment thereof patd or discharged by.8eneflclary unde�lhe pmvls/ans herc-af r�r�any such � .;:
<br /> '� �•�'"� . ° .` subrogaUan dgM�at?at!tia sddiUonaf and ccarra�lativa secwrty fa th/s De9d�a1 Tiust � : � �•
<br /> ` '' , �•� ..,. ;ss,:.
<br /> ';�i, � �' � • � 11. Candemnadon T1tq�roceads ol any award ofGalm for demages,dlrect cr r.r�nsequenUal,ln connecbarr with any condamnakon w,•. .
<br /> • ( � othe�teking of q�?mrst Praperty,or any parf thereol,or lor conveyance irtiil�au of or{n anUcipadon of condemnaUon,are hereby � • . • .
<br /> ' ' ,.;��r_:.��' • � asslgrred to snd�i�all be patd to Bsrteflclary Trusto�wlll fite and p�osecute,!n good falth and witb due didgence,lts clalm for any suc/f f' •.; ... • .
<br /> � ,-�;{:�;��� .`' award or a�/�aht,srrd wlll caus�Pha same to be coltected and pa/d to BeneNclary,and,should!t lall to do so,Tiasta lrrevocaDty ,f F�- .
<br /> .- i�:�, _ "'IfUi. � � l••' �' ',•���,.�, ' .
<br /> � •.:�. ; suthorizes and empowere Berteficta !n the naina c�Trustacc�oMerwise,to fite,prosecuta,setlle or compromise any such clalm and `��}�
<br /> � � �Y. i;3;;�` '..
<br /> , •�, • � • 1 . . to co/tec4 recefgitfiv snd reGaln the proceed�It tfta�'rust Froperty Is abar dane d by Trus tor,or,a f ter aa t ice by Ben elrcl a ry ro Trusto� .' .
<br /> -.;';; that the condemrrrrr nflere to make sn award eRr�lbt�a claim fo�damages,�iustor falls to►espond to l�rtii4nclary wftAi»Mlrry(30)�€a;�s,
<br /> ��` � � d to callect and a the roceeds!n th9 mm:ner Indicated herein Tf�� �;.��� " . .
<br /> ��• • , after the dete such no6ae ls mafted.Beneflelary is suGrorize ppN p �
<br /> � ' � �`:?�.. ' praceeds of alry award or daim may,efter deducUng ell�eascrtabfe casts and expeRSes,(ncluding attomey/ees,whJcA may hava '. ;...,.,1,,, . ,
<br /> � �:��t��,�� � bearr tncurred by BBnEficlary in the coltecdon fAereot.at t�Q�+afs cliscretlon of BeneflGar/,ba released to Trusror,a�y��'t-�J M : ..
<br /> �� � ° �asttrradon ot Tivat Properiy,or 8ppfled to bhe payment ot Nre'lndabtedness:Unfess Bemaafclary snd Tnista otherwjse agree fn wrlting, i�_.'�y;��;s;.,,"�
<br /> ` ' � enpsuch spplicaaon af proceeds to/ndabtedness sha/l not extend orpos�une the due date o!the lUote or the payment ot any ,.. � .
<br /> : r,� 'r � - lnsfallmerns ca!!ed fartltereunder. � .
<br /> - ' 12 ltustot Not Refeasad.Eut6nsion ol tlie Ume for p8yment oi modrficalion o!'arty smCttiz6tlon of the tndebtedness g�anted by BenotF�lary k: ,. ., ,
<br /> • to sny successorin lnterasf of Tiustot shall not operete to�elease,ln any manner.the►IaDlliry ot Trustor and Tmstors successo�s 1n . .
<br /> � � . lr�tetest Bene!lciary shatJ»n!be reqrrfred to cammence praceedings agalnst such successo(or retusa to extend tlme lor payment or E�. �
<br /> • . . •othen�v/se modi(y smortisaUon of tAa/ndebiedness by reason of sny demand made Dy Ti�tstoi and Trustor's successors , . • ' :
<br /> � l�interes� ,, � . . .. .
<br /> � � •13. Ftnarrclallnfonnsdan.Upon ieqrrest ol8ene8clary,Tnrstor wfAprovlde to Hene�lldary,withln nlnery/90)days o}the ctose nf each liscal �
<br /> . - •� - . - ' yam of Trastor.the consoUdated belence ahest and etatement o!eamings of Trustor snd any end ell guarenrors of Me irrdebtedness : . •
<br /> • � secuied hereby.ll any,snd wUl provlde snd dellver to Beneflclary suCh olhe�rnanclai lnlormadon arr�fn such manne�as BeneJiciary �• • .
<br />_ ,. • . - mayreasonaDly request from time to Ume. ' , ! " .
<br /> ' ��� � 14. Hnanclal Covenants.!n addit/on ro any other luranclal coVenants of Tiustor made/n any othei agroemen4 insuument or document, , ' •
<br /> • ' • '. •� tn�stor ahal/comply wrth and shall causa any end 81�gvatantors ol tha/ndebtedrtess secured h9reby to compty with,or be in" i . ,
<br /> ' ' • compllance with,the followtng flnanclal covenants:(TNs paragraph sh�ll aoi apply 11 covenants and requirements are not set ! '
<br />_ ;x_�-'--— Portfrhertil»} . - � �_�:-.--_:-.— ..
<br /> �`� s • • 15. Schedul�ol teases.�thln ten(10)days altei demand.Trustoi shm!fumish to 8eneficisry a schedvle,certilied ro by�iustor,setting ! ,
<br /> �t ' � . forlh atlleases o!tAe Trust Prope►ty.or eny pnNon thereof,Including/n esch case,fhe name ol the tenants or accupants,e descrip�on , '
<br /> � af the space accupied Dy sucb teasnt o�occupant,the rentaJ payeble fo�such space,snd such otAer infa�mation and documents wi(A
<br /> • . , • iespectto such leases and teaancies es BenefrClsrymayreasonably►eqttesl • '
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