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<br /> J,.h; � >2�.'. TCh ' � /' . '4 . � ` � . —
<br /> - _•''�`� ��.,,�- , �rrd�l!aiher chetqes l�+lrat�Gaverrevlecd upan at�sso�.eef,Dfaceaf�nrs,dr�agatn9��s 7'rust. .� .
<br /> - �_,�_. , - , insurr�trr�e pr�mlrt►tis>SrEaus�d renis� _ --- --
<br />=�,' � �'�•r°- .. p�p�rtY-Trusi�tr,Mt�aF s�e�,upan.�3ten r�equasf by Senaflcia�Y,to prampifyF dellvarro�n�ttatan,ralirece€pts.farUta paytr�ntd!, , -- —
<br /> � .,`� .-«��•.�. . - - -
<br /> � �f a � � • � _ suc�chr�rges Fn►stdrl�Tce�se agr�es to p�Y elI�a,�sassm8ntts end o€hsrGtr+�rBss levl�it utaon oT essesse�t.P.ts�ar mad� < -----___--
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<br />-�''� �� ��. . �. .,'�: � , �afns�orm��sur[��b,y.f�9f3�ado�'frustarth9noasdeiion�re�of. � . _--______-_._.
<br /> .- i1���'r. . <� ,AA'F�� —
<br /> . ;�:�;ti ,��+�tfflaymaMallllp�ymentsre�etveafbyqanefict��stvanYdeDL(lab!l�Yoro�Jt�°►��rrredta8enafie:l�rybg�'u�i� �•�. ---_--------
<br /> �*�5{�T- • � 6 Beneflc! mthe�aymerrtblihelnd$�tednessataenysuc�arPrercteL�liabtlityoraD�gettoir,.tn�nyord�eRC�s `
<br /> ><'�"�;�.._-,;,. Y�ePA� Y � date.Untess�oth�IseeYeatad6yBenefidsry.4�Y , _=__---
<br /> .. {Y,:.�c,;,� ..t . �; , mannar ata�pfi�a�on whtah�ene�ctary�1,n tt�sDsotv�dtsoreflon.dsmr�4 aAproA . , —_____�------
<br /> ,.-. �� - sunApsy�nentsA�tO�d'esme�epp�isdflrstf�fhape3rmsntofEnpdsO�IlaE�itYoro�Ug�anoiher69iEnthsNoie.� ----
<br /> .,�i,��,.s,�E-^; �l»tR8 jltdgA;&1itOf ' -_-----
<br /> s+4�: � CAar$es;tlens Trusior�11f ke�p tha Trust Pro�ae!�hee bOm aUGans and errcurtiirr�ttce�whtcAl�anY�Y�Y
<br /> �-� :� .::i�:°1�'`,�, Bane�cl�►.hAvepr�orfty►aver,n�rmpadi.��secrsfryot,LhfsLTeedolTlustbe�4�ntstoraeednntdlschargasnysur�"uanso�l�,qes -----
<br />;:a, �.�a::Lw' ` � p� Trtrsta�sRaf�egnse,�t�n8��R�Y th�MI'rg�lan ser.ureQ by such 6sn in a;marrnereccep�e te�Beneftr�ary arrd shalt tn gondlsPtle _` _— _
<br /> °�, ' �,.F,,•�``:` d cantesd�ch Ifen by apprvp�t�te taga!pmceedings effecUvs_fa plavant tha enf�scemer�t oftha tfap and Uts foss atany/Morest fn`cr =.�. �. - =�
<br /> ;,. �, � pa�t aftho 1'n�st Frppetty. � ��� -§, �
<br /> T. Hakard Insruartc�rnrstor ahafiksep[ire 6tdldtnga snd oUtt�rrmP�vements nbw axls4tng a he�eaRsr e�on tR�Trust ProDe�Y � ��'��"�>
<br /> Sto {� tlra.ABZatdsfrr�ttr�"�It�th3t�ar�°e�29ndsdeovereg8'•end n--.�-�
<br /> •. _ - � . t�uredlby/ns�sanee carrfsrs saLsfactory to Baneflcl�Y 89�� �Y d r� ��""�-� "
<br /> sucA etlrer►�zerdr�cesuatttes�ans�.ea�n enctes as may bs requi►ed by BeneBcia�►,fn arrch amounb and forsvch pertads ss may ba< < .
<br /> -� � � S RL--`.
<br /> `. . ��``. requlce�by @enefrclary.Tha paltcy of trrsrrrarrce shat!6o tq form acceptabt�tq Beneflciary.pravfda that tha same'may not ho < �{'=;�y���`."-c��.,:_
<br /> • `` ` . c8ncalled er modflTed w;tfrout frfteen(151 Qai►s Ador wrauen noQce to Seneffctary,en0 shall ha•relass payaDte provisfans In favorof and �zs'���';,����:
<br /> � in tonn acce�at�a6te to Ben�flaary.A�/�rernfums on Insrnance poltct�s shaD�eFald�n the marme►provlded under par8g'raph 4 t�e�eof . :
<br /> � � �,' h a�,lfnatpafdtnsuchmanne�.DyTrusia�maldngPaymemeileastfi�teenp5)daysprla�toUredrredafe,dfrect�lA�thetr►surance �,.���
<br /> s: � � .-_ : 'd' . . carrier.Benefrc�ry shatllrava the rlght to hafd the�Lcfes arrd renewais thereof and TiustorshaDAralitF!!y tumish to Bensfirdaryali ` ,;.�-�;
<br /> " , .<` .'.���,,, . renewa!noU�s arid att pald pcemlum recelpts rece�red bylL!n no event shali Berrehcta►Y arTrustsa 0a hatd rasponsiD/e far faJlura ia _.-
<br /> . , c otadsingautotarryfal►tusofarrytnsursrr�e . y"'�• �` �-
<br /> `. .' "� ,�'.° Rayfisurarrce premiurns orbrarry/oss o►damage arfsJp9 out ofa defecttn er►Y P�Y �~!-~ � � -
<br />- �f':,�:. •` campan3+�J�Y�*�!�YfossardamaQelraureO�gatnstorfavfaifufebyTrustortoeffacttfralnsu�ancerequtredhe�unde��r��sevant. ,,,;�,_.,, . �',�,s,,�,,,
<br /> . • oflas�Tmsrdrshalt gfve pra►nptaotfce bymail tfl tlla Luurartce canlar erld Bensfrclary.BeneSctarymay make praof of fasa�;s,t�t . _:,,,�s, _F�`�
<br /> __ made p�omPt�l orin proRstform by�iusiar.AfJpolictes oflnswance snd eay snd��frrn4s oluneamed prsmfums are hareliy �,., s - - -
<br /> • � ess)gned tn Benefrciary as eddihwrst secudiY for the paymeni of tha lnde6tedrress;���ha evsni of Ban&flclsry�s exenctse al�e powa► .. •;-r --
<br /> • ' ot sale contelned f�eratn.n�1n ths everrr offoroctasure.eU��e eird Irrterest of Trus�'In trnd to arryinsurance pollcY'ihen fi fonca ti ,.',t.,�___-_ � —
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<br /> i;... . . shaiiQass ta dte ptucfraserei ihe trustea's sele or fareclasure sata.In case otarry tass.th8 inS�[fce Praceeds may,•at the optfnn of ,s r,
<br /> ` . Benefldary.�e apP�edby Bsne$C1ary upon ths IndeM�edrtess,warryPart tlrereol,�d,lct stt�t,^;a�er altd amount as BeneIIcfaryma�[ :. , �.�=�r��`
<br /> � �,� � • :��ietotmfie;orsald insrtrance procseds,aiUte opffan of Ben&ficta►y.may ef�e�be�i��9�festo�r�tire Trusi Pmp�rly . _ � �-
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<br /> :::; ` . :FartlaUy�atniady desfioYed to a condfilan saSsfactbry to Ben�ficla�Y:orsafd Ins�er�F�ceeds.orany�itn6�
<br /> . released to Trusta.UNass Benef�ctary end firusGO�afhsnvlse a�r�Jn-wrHtng,arjy sua� r.affan offnsru�:�rocesds s!�►mi —.` '� � ,!--
<br /> , ` � extend apos�a»s the drre date cf the Note,or any lnsra!lmerrls calte�d for theretn,'a*aaa',�:���satnou�rtaf��Installmems.!f U�e , ,. ,. �s� _ .
<br /> :,. . .� .
<br /> �,• t;.°�� • : ' Tiusi PropeRl+ls ecqulred 6y Bertsftdary Pursuant to ihe exerctsa of ltre power olssla v�?2'b�tf�scfastrre.a71 dgh�Gtle and ini+Meres!01 ' �., ..,
<br /> re � �
<br /> . • Tnaipr fi and to sRYfnsn�ar►ce praceeds payable as a resuff of dsmage ta the Tmst PraFEn�p�ta the sa/e.or acqu/sftfan sha/l pass �,,, .,,,�.,...�
<br /> - �.'�-s;'�:. � to Bertefictery end sha/l beappiied fust m tfte costs�r►dexpenses.tnduding a�omey fees,in�dd In collecting sucA proc8eds,then . ,�. ry � �
<br /> -... .....:...........
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<br /> -... ,. _. . ...... _ . _. . -- --- - -... .
<br /> ,, . -- In the menner and ln the ordei provlded dsrafa:'-- - - ---. ---- _ - - - +:�`,��;'.
<br />_ - , � ,:.::'�' . � ,
<br /> `,` � 8. Fresenratlon and Ma1rt(enance of TrLSt Property.Tiustor wfAkeep the b�iidings and ofher Impmvemenis now c,rhe�aRar erected on .t
<br /> . ' . . 6're Trust Propetry 1n good�epa1�a►rd conditlon snd w11!not comm(t or permFt waste.wiU noi aJterxtre destgn crsducturel cAaracfer ,. .:'_,�
<br /> . � corrs�ng arry6r�ding rrow ortrerea°.�r eiected on snd constifudng fhe Tn�si Pmpe�fy wiilta�d Cia pdhr wrrttten conse��; . •:
<br /> � Qe�c}a►y.willrtoidosrrysctcrtfrlrtg�lchwoWduriduyimpafiordepredei�tlrevalueoftf+x#:��stPruperly.endw��ia��andon ,�.y�..
<br /> .. . .. , tlra Trust Prcpsm,•.Tnrstar wfl!not remoua�Y fiiRuras constiQWng fhe Trust Pro�Oerry unless ttvs�re srolmtr�iatefy�3d wltA
<br /> , " • /lke prapetry subject to ihe fien artd securifylni�resiafi�his Deed ot Trustand of atleasi equa/value and�ttiliigi:.Tnlstnr wAf compty wf8► � �;�. � -
<br />. ., .,��':;t;•�. �:.:., �• , � all pr�sent and Ntura ordfnances,regntai�ons and r-�srtr�ments of s�ny goYemmerrtal body whrch are apPllcable to Ne Trust Pn�peny . . _� �:
<br /> •'�`" � . &�td M the occupancy 8rtd use ther+e¢t f.�thfs Deed of Trost ls on a tW�,it In e Coadomla/um or a p/anned rm�t deve/apmert�Trustoraha/l ';;r„�. �f �
<br /> � • ° peAo�r+�all of Tnrsfors ob!lgatlons urrd�the declsraUans orcover,�cresting or gaveming the condomintian or the plannesi unit . -•<<�s��;;�'
<br /> - ' � . devafopme►�t►►e bylaws end regula6ons of thB condomlNum or pf��ned unN davelopmer�snd the cons�tuertt dacumorns. � ' ��';;i^.•
<br /> • . .•. '.:.`t. >;y:;';�•:t
<br /> 8. ►nspecUon.Benefrclary or its agents may,ai aJl ressonabfe tlmes,enter upon Ura Tiust Propeiry br the purpose of lnspectioR
<br /> • • � Beneflclary shall ha�re no dury b make such JnspecUon artd shaJf not baliable to Trustor or to anype�son In possessian Hit makes o� :::;� :`�y�
<br /> �.. . , ,: � falJS to make eny suchlaspectlon. :: .�'..,•.°,
<br /> � �� 10. Pnotecdon of Security.!1 Tiustor falfs to perbmr any of the covenarrts and agreements confalned in thls Deed o1 Tast,o��f any ection _ � �� ��% =
<br /> � ��,:�c:,t.:� , ,.
<br /> • • � �-,,;�.;,;,�, or p�aceeding!s commenced whleh'a�ass or msy adversety eflect the Trust Properly a fhe fiterest of riustar or Beneflclary thereln o► ``;�ti�<`
<br /> ��� • � Me�e of Trustor tAe�e%then BeneCcct�ry,ei tts opffon,may perlorm such corrvenants and sgreemems,make such eppeara►rces. • �
<br /> r roceedln and take srrch other action as Benefrclfrry daems necessary to p►otectlts ,?i��fr�x; :�`•,' "
<br /> � � ' � defend sgatnst and Invas�gate such acUon o p 9 � •• .��t�,�. �
<br /> i :
<br /> .f • . : laterest lncluding,�ut no!Umfted to,disbursement N�easonabfe ettomey fees and enby upon the Trust Property to make repairs.My ,
<br /> '� alnow�s dfsb�rsed by Herseflclery pursuant b thts�rr�ragraph 10,wlth lmerest ther,,�on,shall consUNte Indebiedness of Trustor .
<br /> � � � secured Dy Uris tTeed of Trust Unless•Frc.�stor and 6eriellclary agree to o t her terlr,s o f payme r�t,su c h a mount�shal!be pa yeb/e u p on ;
<br /> '• � notice irom Beneflclary tn Tructw requc�ing paymeni thereef,snd,st;all bearinferest fiam the date o/dlsbuiseareM at the defauB iate. . �';, ,��.;; .
<br /> +;, ` ' � 19�ry.set forth in t�e Note,oroihero�at Gre hJghest►ete pennmad bylaw NothJng contalaed tn thls pareyaph shall requlre ,:•..1�y ..,
<br /> �:� �.,: 8eneflc�ary ro fncm eny expense a raiie sny sctlon herermde�Trusto�lrrevxably autharhes arrd empotivers Beneflclary to enta►upon . • � x.�. :.
<br /> the T►uat Properry as Trr�^to�s egeni snd,In Tiusto�s name o�otAenvlse ro perfonn any end e1�covena�rts and agreements to be
<br /> _.. ' . � perfo�med by Tir�aro��tsaretn pmvi0ed Beneflclary shalt.ef its opffon,Ee subrogated to any encumtrrsrtce,llen.cle/m or demend , , _ .: •
<br /> , . ' and to all qgMs and sscvritias for the payment thereot pald o►dls�harged by Benefrciary under the provisJons hereof arrd any such ;�. .
<br /> � " ` � �.;-,F;��s; ��. subtagqlfi�n dgAts sh a J l de s d d i t imt�P?n d cu m n l a ff v 9 s e c u�l ry t o r t h J s O e e d o 1 T n r s t � ..:��.J, . .
<br /> • � '�`'`��` 11. Condemrratlon.fie proeee�s of asRr ars�M or cla/m br damages,dlrooi o�consequentlal.In c�ectlon wltlf sny condamRation o�
<br /> ' • . :;,��5:':��.. ��`�;�'.� �
<br /> �:. , pthgi taking nf the Trust Property.or any pa►t Me�eof,or fo►comeyance in lleu of or ln sr�Uclp�ian ot condemnatlan,are hereby , <z5�t,'•
<br /> . � • assigaed ta snd shall�a pald ro Beneflclary.Trustor wAl fl!e end prasecute,in goad faith and wr71►due diDgc�rtce,tts ctalm for any such ,. •-
<br />- ' •awerd or payme�srrd"cs�Jl cause the.sema to be collacted and pald to Bensffciary,and,should!t fa1!to do.:�Tiusta�lrrevocabty,
<br /> ..,� ��:•� , �.• ..,c;::' auth�dres snd empav�m�Beneficlary,ln the name o1 Tr�sior or ofAerwlse,to Bte,prasecute,settle or compramise erry such clalm and • •
<br /> '� `� �� �'�'`� �' t o c o U e c t,r e c e l p i l o r a n d r e t a►n M�R r c c e s d s I f t h e Tr u st Pro p e r ry ls abarrdoned by Tiusta,w,efte�aoUce Dy BeneNclary to 7n�sto� ., • . .
<br /> � � � � ��'� � that thecortdemnaofle►e tv make�i awaN orse�a a claim fa►dameges.Tir�tor talts ro respond to Beneflclary w f l h ln W i ry(3 0)day� • . • •
<br /> � •3 :-�' ' � � •�:''�Y� e t ter t he Q a t e suc h na tice 1s m a t l e d.l�n e fl c l a ry l s a u t h o r i z e d t o c o l f e c t a n d a p p i y t h e p r o a e ed sln the msnne►indicated herefn.�he •, .
<br /> . . �.,. , .
<br /> •� , ,�mceeds of eny awerd ar clalm may,afl'e�deductlng a1I reasonab/e cost,s en�o�qoenses,lnctuding attomey fees,wh/ch may have . .
<br /> . � lresn Inaured by Beno!"a��Wry in the colfac8on thereof.at the sofe discredon ot l6a:eticlary,be released fo 7►usto�,epplied to
<br /> .#�'� • � �� � � � •rastoratfon of 7nist Pro�,�,/,or app!!ed to the payment of Me tndebtedness.Unfess 8enefictary snd Ti�stor othen�vlse agree ln wdting, , :
<br /> • �'•�,^'_�--� . � � any sctr,lQ�pilcatlon Cf�toceeds to Indebiednass ahall not extend or postpone Ure due date ot the Nofe a the payment ot any .
<br /> �,-��,,: .
<br /> :�. � :a�t•. . lnstelln;��CC calf8d(a theretrnder. � ,
<br /> • ;. � 12 TitrsW�Naf Released.Gtenslon of the Ume tar payment or mod�tcatlnn ot eny amortl=afJan o1 the lndebtedness granted by Benet'rclary .
<br /> . -� to sny successorin�nter+est al Tiustorshap not opsrafe ro release.tn enY manae►,the Oabil'ry ollnrsro�and Trustor's successors In . .
<br />_. ,: ,� intetest Berreflclary shal/not be required i�cammence proceedings agalnst srrch successo�or refuse to extend tlme for paymenf or
<br /> • " �. • othe�wlsfl mod�7y arnor�on of Ne fncfeDfodness by raeson o!any demand mede by Trostar and Tiusiora successars �
<br /> .. In/n��asL . . �
<br /> � � � 13 FUrsncial fnfonnaL'on.Upon request of Benef�clary,Trusto�will provide fo Bene�rdary.withfn nlnery(90)days of Ure ctose of each flscal ..
<br /> ' • � ' ' year of Trusta.the consoUdated balance shest and staQame�rt of eamin�s oi Tiustor an0 arry srtd all g�atantors ol fhe/nde6tedness �
<br /> -- . : ' secured hereDy;ll eny,end wi11 pravtde srtd deflvar to Bonsticlary such ofher tiaanc1a1/nfarmaUon end/n such manner as BerreQclary , , .
<br /> • may rsasanably iequest hom tlmer to Ume. .
<br /> - ' � � 14. Finarrcia!Covertaras.!n addlBon to a1ry other finartclal covenants ot Tiuste�r made(n any othe�agreemen�lnstrument a�document.
<br /> • ' �� Tiusto�sAarl comply with end shatl cause any snd aJJ guarantora ot the frtslebtedrtess secured hereby to comply with.or be In
<br /> � . . compllance w1th.O�e following frnancial covanarKS:(Thls paisgraph ahall not appfy!f covenants and requtrements sre not set . .
<br /> ; . , • •
<br /> _---,:�-.�_-`'- �-:� farth he�efn.) . � ' —--- - - -
<br /> 15.�Schodulo dt[e8sss.Wn1tln�ten(t0)days aftarrfama�rd.irustor sne�;ft�rrdsh ttf 6atrslicfary a�t�.rErtftlect tc by Tius�r,semng ,—��- ....
<br /> ��.� •.•• . . ' fortH slt/eases of the Tiust Fioperry,o�any portfo»thereof,Including ln each case,the aame ot the tenams ar occupants,a descdption
<br /> ' ' � of Gha apace accupied Dy suCA t&nsnt or occupent tAe renta!paysDfe fos such space,and suCh athei tnto�matlan and dacuments witA , .
<br /> � '. , respect to sucD leases and tenancies es Benellclary may ressanably requesL '
<br />
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