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<br /> Insarence premlums,ginund renta,and ap othdr ehe�Qes whatsoever Ievl�d upon or assessed.placed or mada�aln�t d►s Titrst � �
<br /> Proper[y.Tivator lurther egrses,epon written mquest by BeneBclary,ro promptry dellvQr to Bereeficlary d1 ncdpta Mr the p�y�ner�t d
<br /> �`}"��N ''�'`�`: such charges.Trust�►Ilke Wfse egtees fo pey ell texes,aar�esaments end othar charges/ovled upon or essessed.ptacsd a medo
<br /> ��:.�;�•.• ;, �. •.n, agtUns4 or measwort by,fhia Daed of TiLSt or tho recvrdaUor.hor�of.
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<br /> ^ • S. Appllcadon of Paymsnts.All payments received by Boneflc/ary es to any debt,l/abt!(ty o�obilgaUon ov�ed to BeneNctary by rustor
<br /> � �°��r'�'� m�y be epptled by Beneflc/ary fo the paymenf ol the Indebtedness a fo any such othar dabt,ll�BllJty or obligaUon,In any ords�a
<br /> �,;�;�,-. �s�+;�:: manner of eppticsban which Benefic/ary,!n!ta absalute discretlon,deema appropdete.Un/esa othenrJ�e elsoMd by BonafPc/ary,any
<br /> � suaA paymeni ahaA be deemed app!!ed flrat to the ppy.�rent of eny debt,llabifiry or ob1l�aUon other then the Nofe.
<br /> �;. . -ti, 6. Charges;Uens.Tivator w!►I keep tl►e Trust Proporry/ree from allllens and�noumDrencea�hlah!n eny way mey.ln M�/udgm�►t oI
<br /> -•����t'� � �•� H�neflclery,have prlodty over,or/mpalr the secu�fty of,thls Deed o!Tivat but TiuRtor need not dt�charae sny such Hen so lang as
<br /> � � "' ��� a T r u s t a s h a l/a g r e e,t n w d G n g,ro p a y t h e o b l l g a U o n,s o c a r e d b y s u a h ll e nln a manner acceptabls to Benefial a ry end sh�fl(n pooat faJ�r
<br /> .�.,:r:•_•-'•:..«.,� contest 9uoh llen by apprapdate legel proceedings slfecBve to prevent Ma eniorcement o!the Uen end the lass of enylnte►ast In ar
<br /> � pan o1 tha Tiust Property.
<br /> � �'�''`• • �' 7. Htuard Msurence.Tiusbr shal/keep t�ie bulldings snd other lmpmvements now exladng or hereafter eiea�ed on the Tasi PropeRy
<br /> ;'` ''' : � Msureo!bylnaurence oa►de�s seUSlecrory to Ber�aflclary ega/ast lasa byllie,hazards Included In the term"extended coverege' and
<br /> ;���;.,• , �-. �,�•. such other hazerda,easusNlas snd conflnsenolas es may be►equtred by BeneRc/ary,Jn suah emounts and torsuah pedods as may b�
<br /> ♦equlred by BenaNclary.The polioy ot lnsurance sha1l ba!n lom►acceptebla to Beneflclary,provtde d�ai tha sama may not be
<br /> � , � _ �� cencel/ed o�modifled wlthout Iifteert(tb)days•priar wdtten na8ce to 8eneflclery,snd sha!/have loss payebte provtslo»s in lavor o!and
<br /> •<�;;� !n fam�ccepteble to Beneflclary.All premlums on Insuranae pollcles sha!!be pald in the mar�ner provlded under paregreph 4 herqot
<br /> �
<br /> `"i"'y''. '�" O or�!I not pald!n suaA manner,by Tiustor making paymer�at/east flfteen(tS)days pdar to�the due dete,cilrQaUy to the l�surence
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<br /> •f:���;�'�•��',. ;�,� °�"� Aa�rler. Benel/cisry shafT hava the dght to hold the polklea and reeewats tAereaf end Tiusior shall promptly►fumish ta BeneHclary a11 �
<br /> � ����' `• •'• � iertewel nodces end all pald premlum reoeipts recel�ed by it./n no event shalf Benellc/ary or Tirretee tre held respanslbJe Mr fallwFt ta ti,,;
<br /> .�. •� � ;` ,', psylnsurance prem/ams or lor any loss a�damage erlsinp out of a defeatln any poUoy o�erlsing out of amr fallme at any lnsursncs
<br /> �.� � compsny ro pay for any loss or demege inswed agalnat or lo�tellure by�iusia�to eflfect the lrtauranoe requlred Aensun�le�,ln the evant
<br /> ':. :. �. :, . " . R' � ollosa, Tivatarsha�l glve pron►pt notice by mall to tha lnawence canler ond BeneNclery.Beneficlary msy make p�oafof lass!1 not
<br /> : .� made prompUy or/n prope�fo�m by Tiu�for.A!!po!!cles ollnsuranca end sny ar+d all retunds o/uneamed premlums.ar�•hareby ,�
<br /> asslgrted to Beneflciery as addJtlons!aecuiiry fa tha paymeni ot the lndebfednesa.In the event o/Benellclary's exerciss nf tbe pnwer
<br /> �• ' ol sate contalned hereln,oNn the event ot/oreciosure,all dght,ddo end Interesi of Ti�aror ln and to any Inswance polcy dren!n force
<br /> ' � shall pass b the purahaser et the bustee�s sa�e o.rorecros�re sara.!n case oi eay losa,the lnsuranae proceerls may.at tho optlon ot ' .:
<br /> -� � BeneHc/ary,be epplled by Beneflolary upon the lndebtedneas,or any paR thereof,end!n suoh order end amount ea Beneflclary may ,,�,�t.;�
<br /> . determlae;o�asld insurance proceeds,at the opdon ot Banellalery,may elther bs ased!n replacing or restodng dre 7ruat Prope�ty
<br /> � �����,: . . pardaqy a totelly destrayed ro a condldo»satlalactory to Beneflclary;or said lnauranae proceeda,or sny pordon the�eol.may be .�,t�.
<br /> %��:�,'• .� released to Trustor.Unless Be�reflolary and Yiustor othenvJse agree in wdNng,any avch appllcadon of lnaursnce proceeds ahall not '•�f��;
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<br /> �:�::"�.�� '� extend o�postpona the due dete oJ dte Note,or any insfallments oa!!ed la therein,a change the smount of such lnstallmenta.ll the ,��•�i
<br /> , �:��i;`;" Tiust Proparty ls acpulred by Beaellciary pursuent to the exerClse o/the power ot sale or olhe►foreclosare,el!►lghf,tfde and into�est of
<br /> ,:� TiusMr!n and ro any Inauiertce proceeds peyeble as e resuft of damage fo the Tiusi Prope�ly pdar to the asle o�acqulsitJon shall�ass �� , .
<br /> ..�,�,;: to BBnefldary end ahall be spplled A►st to the costs and expensea,lncluding anomey lees,lncuned!n collecdng such proceeds,then •
<br /> !n the menne�and In the order provlded hereln.
<br /> . 8. Piase►vatlon end Malntenence of Tiust Properry.Trostor w»!keep tne buNdings and orher improvementa now or ha�aaiist siectad on ;,,,,J,,
<br /> '' the Tiust Pioperiy in good repslr snd condldon and wid not cammlt or permlt waste,w1!!eot alte�the deslgn or sWctaral oha�ecfer .,;3�
<br /> � consUtutlng any building rtow or hereelter erected on end consdtutlng the Trusi Properiy wlthout tho pdo�written consel�t n1 .;.��
<br /> Beneflclary,wlll aot do any act or thing whlcb would unduly impalr or depreclate the value of the Trust Prope►ry end wlll no!ab�endon
<br /> the Tiust Property.Trusror will not remove eny Nxtures constitutlng the Trust Property unless the same ere lmmedletely replaced wlth ..
<br /> ' llke p►ope►ly subJect to the Ilen and secpd y Inte►est of thts Deed of Trost end of at least equsl value end ud!!ry.Trusto�wl/l comply with
<br /> " �':��:` .� sll present snd/utvre ord/►rances,regulaUons and requfrements ol eny govemmental body wh/ch ere appliceblo to iha Tiust PropeAy '•'`�
<br /> � ;;•} � end ro the xcupsncy and use thereof.Jf this Deed o/Tiust!s on e unit in a condominJLm o�s pfanned unit deve!oament.Tnrstor shal! '��'.
<br /> " „ per/orm ell o/Tiustor's obllgatlons unde�the daclaredons or covenenis creaNng or govem/ng the condominium a tha p/anned�nit ��:�,�
<br /> � development,the bylaws and reguletlons of the condominlum or pfanned unft development,and tho constltuent docymsnts. .''!'�•�
<br /> - � 9. Inspectlon.8eeellciary or!ts ggents may,at e!!reasonable dmes,enter apon the Tiust Praperly fo►Me perRose of Insp9odon. ;'
<br /> ' BeneNclary shall have no dury ro make such lnspecdon and shall aot be llable to Trusror or to any person In possesslon!1!t nnakes or
<br /> , /atls to make any auch inspecUon. ,.
<br /> " ' 10. Protecdon of Securlty.11 Tiestor leils to pedorm any of the covensnis and agreementa contalned!n thls Dsed of Trust,or!l any actlon
<br /> or proceed/ng Is commenced wh/ch doos or may edveraety eflect the Tiust Properry or tlre lnterest o/Trustor or BeneBclary►hereln or �
<br /> the tftla ot Trasto�thereto.then BeneNclary,at its optlon,msy perlo►m such convenants end egreemertts,make such appearences,
<br /> . - defend agslnst and lnvestlgate such actlon or proceeding and teke such other actlon as BeneNcJary deems necesaery to protect Jts
<br /> � . interest Including,boi not l!mlted b,disbu►sement o!reasonable attomey lees and entry upon the Tiust Piopeity to make repalrs.My
<br /> amounia d/sbnrsed by BeneNclery pursuani ro th/s paragraph i0,wlth interest thereon,shatl consdtute Indebtedrtess of Tiustor
<br /> secured 6y thls Deed of Tiest Unleas Tiustor and BeneAclary agree b odre�terms of payment,such amounta shall6e paysbfe upon '
<br /> � � • r►otice hom Beneftclary to Trosto►requestlng payment thereo%and shefl bearinterest Irom the date o1 dlsbu�sement at the defeuk rete, '°" �.
<br /> !/any,set IoN►In the Note,or otherwlse at the highest rate permltted by law.Nothing contained!n thls pareg►aph shall requlre
<br /> "�� 8eneficlery to tncu►eny expense or teke sny actlon hereander. Tiustor inevxably auihodzes end empowers Beneflcfary to enter upon �
<br /> the Tiust Property as Tinsto►'s egeni arrd,!n Trosror's nsme or othe►wlse ro perbrm any and slf covenants and agreements to De i ,
<br /> � perlormed by Tiustor as he�e/n provided.Bene/iclery shalt,et its optlon,be eubrogated to any encun►bience.Ilen,clalnr or demand � ,
<br /> and to ell rlghta snd secuMles!or ehe payment thereol paid or dlscherged by BeneNclary under the provislons hersol end av�y svch
<br /> - ' subrogatlon dghta shell be addlUonal a»d cumufaatve seca�lty Mr thls Deed o/Tivat.
<br /> ; ^ i 1. Condemnedon. The proceeds of any eward or clsJm Nvr damsges,d!►ect or consequentlal,in conr,ecdon wlth any condemnatlon a ;
<br /> ' other tekJng o/tfie Tiast PropeRy,a any pa►i thereo�,or tor conveyance!n lleu of or�n snLlclpetlon o/condemnatlon,are hereby �
<br /> '��} asslgrted to and sha/l be pald to BeneNclery.Tierstoi wU!flle and p►usecute,fn good/slth and w(th due dlllge►+ce,its cla/m for eny such i
<br /> F �•, � awerd or payment,end wlp cause tho same ro be col/scted and pald to BeneNcfery,snd,shou/d It lail to do so, 7rustor lrrevocsbly i
<br /> � . autlwrfzes and empowers Beneficlary,!n the name of Trostor or othen�vlse,to Nle,prosecute,settle or compromise any such clsim snd
<br /> . � to collect,recelpt lor and retsin Me proceeds.!f the Trust Prope►ry!s ebandoned by Tiustor,or,alter noUCe by BeneNciery to Tiustor
<br /> • thst ths condemnor offers to make sn eward or settle s clalr»lor de►nages, Tiustor lells to respond to Beneflclary wlthfn th(rty(30)days .
<br /> ;..;, afte�dre date such notice!s malled,BeneNclary!s autho�zed fo co/fect and appry the proceeds!n the manner Indlcated hereln.The
<br /> � •;,. : proceeds ol any award o�clalm may,efter deducdRg all reasonabfe costs and expenses,Including attomey lees,whlch mey have ,
<br /> been fncurred by 8eneflclary!n the co/lecUo»Mereof,et the so/e dtscreUon of SeneffGary�be relessed to Tiusror,apptJed fo
<br /> • • � restoretion ol Tiust Prope�ty,or apQqed to the peyment of the lndebtedness.Unless BeneNclary a»d Tiustor ollrervvise agiee In w�ldng,
<br /> � � a►ry svch appdcatlon of p�oceeds to lrtdebtedness shall not extend o�postpone d►e due date of the Note oi the peyment ol eny
<br /> ;j . lnstellments called for thereurtder.
<br /> •�'— • 72. Tivaror Noi Re/aasetL ExtORSlon oi me time io►peyme►n or mvd'mcaiion oi any rtrrrortizauon oi me i�auiedrres�yiarrivi,6y oonairia6i y =
<br /> � " to any sacaessor!n lnte�st ot Trustor shell not operate to release,in any manaer,the Itab!!!ry ol Tiusto�end Tiusror's successors!n
<br /> fnterest.BeneNclary shall rrot be required to commence proceedings agalnst such successor or reluso to extend itme for payment or
<br /> ��' oihenvlse modify amortlzaBon ol Me fndebtedness by reason of any demand medo by Trustor snd Trustor's successors
<br /> !n Mterest.
<br /> � �; i; � 13. FlnanclallnbrmaCon.bpan requesi o�BeeeBdary, Tiustor w!I!provide to 8erte�clary,w�d,fn nr►rery(so�days or ure crose o�eacn nscar
<br /> yee►ot Trusror,the consolidated balance sheet and siatement ol eamfngs ol Tiustor end sny end alf guarentors of the lndebtedness
<br /> b secered hereby,N eny,and will provlde and detiver b BeneNclary such other Nnancfal ln/o►maBon and ln such manner as Bene�iclary
<br /> t r»ay reasonably nequest hom Ume to Ume.
<br /> 14. Finenctaf Covenants.In addtUon to any other Nnanctaf covenants of Tiastor made in eny othe�agreement,lnshument or document,
<br /> Tiusror shafl compiy wlth vnd shall ceuse eny and all guarentois o/Me Indebtedness secured hereby ro compry wln+�,or be In
<br /> � comp!/ence widb the tollowing Nnandal covenants:(This peragreph shell not apply I►covenants and requlrements aro not set
<br /> . �� fonh here�n.)
<br /> f6. Schedule of Leases.Withln ten(10)days efler demand,Tiustvr shsll lumfsh to BeneNc(ary a schedvle,cerelled ro by Tiustor,settlng
<br /> • forM e!I leases of the Trust Properry,or sny poKlon thereol,includmg!n esch case,the neme ol the tenants or occapants,a descNpdon ,
<br /> of the space occupled by such tenant or occupant,the rentaf payeb/e/or such space,artd such afher inJormatlon end documents wdh ,
<br /> �• respect to such leases and tenancfes as BeneNctary rt►ay reasonabry request. ;
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