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<br /> ':a;•• ' TO PROTECT THE SECURITY OF ThiS TRUST GEEC],TRUSTOR HEHF6Y C�VENANTS AP10 AGRF.ES A9 FOI.LOWS:
<br /> ��•,_,t��:�,.,, �r, 1.PAYMEMT OF PAIHCIPAL ANO�NTER&S7.Trustor thall promplly pay whon dua th�Nrinctpal ai nnd intorest on thu tndebtednass ev:dEmce�i by
<br /> °�+'�r`w'�f:x`�,�`F��� the Note,and ail other charpo9 and feos as provlded in Iho Noto,and tho pnncipal of an�f Interc5t an any FuWre Advanr.es secureA hy Ibls Truei D!!O.
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<br /> �_-„_.;_."�, - . 2..7AR�RC.7TY O'-YItrLG.Truster I�IarRuliy t�lzcd t�nd�o�:sr.�ard o}�ood and Indo�oasibi�tillo And Cstato to ti�o Rroperty hereby conveyncl�nc7 _
<br /> _---�-=-����' nas the ri4ht to grant and convey the Property;the Proparry Is froe end cloar of ell liens and encumdrances oxcept lien�now o}recad;and Tru�tar will
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<br />„or�.G��.y,����,.,t,.`�,.•,:. warrsnt end defend tho titlo to 1he Property against all ctalms and d�manda.
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<br /> !if��.v� ���;;,��+;.. 3.If�A1NTENANCG ANQ COfNIPL1ANCE WITH LAW 9.Trustat 6'r.all koep the Property In good roRair and conditlon o:id nhan not commit wasta or pernit
<br /> r.s,;.1,,__ ,. ,�.c fmpairmont or deletioralio�ol tho Property and shnll comply with tho provtsions o1 u.ny Ieaso fl lhis Trust Oeed Is on a leasehntd.No im{�:owm+nl raw
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<br /> ;1.F;���:,,..� •.� .., or heroafter orectad upon tho Property shall bo alterad,romoved ur demolished without iho priar wrluon consenl ol Benolicinry.7rustor ehail campiy wlth
<br /> T'�^°�'•`��•"'� , all lews,wdinanws,ra ulations,covonanto,conditlons and restriCtions nftecling Iho Prop6rty and not commlt,auller or pormlt eny acl to be don�In a
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<br /> �-^r.'^!t3��;,,;,,,;,U„;.,, .i upon the Ptoperry In violation ot any law,ptd�nanCU,roputalicn,CovenAnt,conditlon or ro�tNCtlan.Trusior:thCll compteto o�fESlate ryrrenntty an�l lo cxxxl ___
<br /> --,=_='�:;;:��'r.;�6'•;'s workmunlike manner any Improvomom on tha Proparty w�fCh mpy bo damupetl o�destroyod nnd�ay,whon dua,oii Gioims tw taiia�wricxmw.l Mnd�nairri�ir
<br /> �R�?w`•9'F;t�ti'.��','y;, (urNShed theretor andlor nny t�lterztlnns thoreol.
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<br /> •��r.��;��::a�.�:;,,�..S.*6.� � 4.INSURANCE.Tmstor,el il�unpcnso,vnu maintnm w�ih In;,urors approvcd by Bonoticiory,mcurnnr.o w�th respcct to Ih�Improvernenta antl porsp��pl
<br /> �n :, , �,µ'f�'^.35,�:�.' pfOpBfly,CO�StitUlin(]thB PropOrty,Q�A�ItG1105J b�h�0.Ilghtnl0p,tOrnpdo,nnd OIhE�pQnl�pnd hCZOtctS C�vQrfJtl b�/GItnAAtd OxlRildEt)f.AV6�M,p�nt10rS61t1bM.
<br /> -'`-x�'yN1!:�,:.i�:.;L�7i;ai,Y U en nmount oqual to nt i�aat ono hundrod porcon�(100^�)of tha full ropincomont valuo Iheroot nnd Inauranr.e n��lntl auch oth�rr h�a�rd�Nnd In such
<br /> --"`�'"¢'�L°�';�� amounte as is customarily carrlad by ownoro nnd oporN�r:�of r,lmitnr propertioe or ns 9anoliclary may�uqulre for 119�►otecllon.Yrueta wlll comply wlth
<br /> �„�ni;.�.'.�`f`-�'.�.'�''� �uch other requlremenis ee BoneUcl[+ry m��y t�nm umo tauma reqaast 4or lho protacUan by Insurnnco o�Q�o���terastn of tlie rnapst:tive paillee.Att Insuranc�
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<br /> _=:_,,,,,,.�f•";.�;`"� ' ppilclos mnintained pu�suant to fhm TnislOood ohnll namo Trustor ond Bonoliclnry ns fnsurod,as thetr rospoctive Intoreate may appnar,anC pravl�s�I�at
<br /> �-��+Z?�*���;;�'��,�' there be no cnncellntlonor modificntlun without nt lonst 15days prior writton not�licatlon to 7rustcre and Benoliclary mny pra:ure such Inwrwnte In�CCOrclanC�
<br /> -����~��` �,r � with the provictono of paragraph 9 horoo}.Trustor chrill delivm�o Bonohclnry tho ariginol policios ol Insuranco ond ronewals thereo}or memo coplea a1
<br />�_•'?�.�_�:.��4 �;,�;c�,;, euCh policles and ronowa191hereol.Failuro 10 furmsh such msurpnco by Trustor,or renawata as requlrod horoundor chnll,nt the opllon ot 88nOtiClAry,
<br /> �"---`r:':-.Y�i?�'�•-w`�'•' constitulo a default.
<br /> ������•�• ��• . 6.TAXF_S,AS4ESS!JlENTS AND CHARGiBS.Trustor shall pay nil taxes,assossmnnts and other chargos,Includin�,wphout limitatlon,(ine9 and(mpOSitions
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<br /> .,�y.� ':,'.;.nt�v,- ' � attributable to tho Property anC leasehold paymenta or ground rents,If any,before the same became Aelinquont.7rustor ahall promptly lutnlah to benefiCiBry
<br />�=w a•:.�..1.?;�.tt�� all notices of emcunts due under this paragreph,and in Ihe event Trustor shall make paymont directly,7rustor sha�l promptly fumish to DenofiClary reCeipts
<br /> .��' r�' �'�• `' evidenCing such payments.Truator shell pay all taxes and assessmonts which may be levied upon Beneficiary's interest hereln or upon this T�ust Deed
<br />-�'�'�:�;"�:'':``�`�= without re ard to an law that ma be enacted im osm a ment of the wtole or an art thereol u cn the BenOflcla —
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<br /> "}'�' ' ' '��'`'° � 8.ADDITIONAL LIENS AND PROTECTION OF BENEFICIARY'S SECURITY.Trustor shall make nll payments of intarest end princl al end ayments
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<br /> " • of any other charpes.tees and expenses contracted to be paid to any existing or subsequent Iienholder or benoficiary,undar any exlsting or subsequent
<br /> '=_-'�=�'"�":``y+ mortgage or tru6t deed before the date thoy aro delinquent or in default,and promptiy pay and discharge any and aii oiner iin�a,ciuirn5 u�ci�nitjo8 e����:�
<br /> �`"' � ' � � � may�eopardize the security granted herein.If Trustor fai!s to mako any such payment or talls to perform any ot the covonants and agreemente contalner!
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<br /> ,� �•. � in Ihis Tru&t Deed,o��the Nole referred to herein,or in any prior or subsequent trust deed,or if any actfon or procoeding is commonced which materfally _
<br /> � • aHects Bonefiaiary's interest in the Property,including,but not limited to,eminent domain proceedings,proceeding9 involving a decedent,notice o}snle
<br /> - ;���;�: ` ;E, tiy Trusteo,notice o1 delault by Trustee,mortgage foreclosure action,or if T►ustor fails ta pay TrustoPS debts generelly as thoy become due,then Benefidery,
<br /> � , at BeneHclary's opNOn tmd unthout notice to or demand upon Trustor and wilhout releasing Truslor from any obligallon hereunder,rnay make such eppearences,
<br /> w��'"'' ' disburse suCh sums and taSce such action as is necessary to protect Baneficiary's Interest,including,but not Iimited to,disbursement ot reasonable attomey'9 _ _
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<br />-=�..;,,,,�.,..;•.:,..�,.: - fees,payment,purchase, contest or compromise ot any encumbrance,charge or Iien,entry upon the Property to make repairs,or dedaration ot default _._
<br /> _;,., ,_ under Ihls 1'rust Deed.In the 6vent that Trustor shall f�ll to procure insurance or ro pay taxes,assee�sments,or any other charges or to make eny payments _
<br /> '____," ;•,,,��r,�, . to any existing or subsequeN Ilanholders or existing or subsequent beneflcieries,Baneficlary may procure such Insurance end make such payment,but
<br /> . .,_., shnll not be obligatad to do so.Any emounts disbursed by Beneficiary pursuant to this Paragraph 6 shall become additlonal fndebtedness of Trustor secw�ed
<br /> _ ; .�. , , by this Trust Deed c„rh pmounts shall be payable upon nolica lrom Beneficiary to Trustor teyuesting payment thereof,and shall bear interest from tho
<br /> - �-,�,.;.�n w . date of disbursement a1 ihe rate payable from time to time on outstanding principal under the Note unless payment of interest et suCh rflte would bo wntrary
<br />__��_`�=�$'`s'!`""�'�+w'•�' '� toepplfCab101�w,In which event such amounts shall bear interest at the highest rete permiasible under applicable law.Nothing contained in this Paragraph ';
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<br /> �,�_:,,��,_K��� �,, 8 shall requlre 9aneficiary to(ncur any expense or take any action hereunder.
<br /> ' ,;_:.=:�:';n;�R•'"r;. • 7.ASSIONMENT OF RENTS.BeneGciary shall have the nght,power and authonty during the cOntinuance of this Trust Deed to coilc3ct the rents,issuos
<br /> _ •��. , and proNts of tho Property and ol any personal properry located thereon wdh or without 18king possession of the property affected hereby,and Trustor
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<br /> ��'��'' - ' hereby ebsolutely and unconditlonally assigns all such rgnls,issues and profits to Beneficiary.Beneticlary. however,hereby Consents to the Trustor's
<br /> ���� ' " . ' ColleCtlon and retention of such rents,�ssues and profits es tRey accrue and become payablo so long as Trustor is not,at such time,In default with respoct
<br /> I"�'`W''�.� . . • . to paymont of any indebtedness secured hereby,or in the perlormance of any agreement hereunder.Upon any such dolault,9eneficiary may at any dme.
<br /> �' � either In person,by agent,or bY a receiver to be appointed by a court,withaut notice and without regard to the adequacy of any security for the indebtedness
<br /> -'4_-�-' "• horeby secured,(a)onter upon and take possession of Ihe Property or any part thereof,and in Its own name sue for or olherwlse collect such rents,issues
<br /> ' . ' end proilts,Including thoso past due and unpald,and apply Ihe eame,less costs and expenses of operatlon and collectlon,Including reasonable attornoy's
<br />— , � fees,upon any indebtedness secured naroby,and in such order as Beneticiary may determine:(b)parlorm such acts ot repair or protection as may be
<br /> _- ' neCOSSery or proper to consoroe tho valuo of tlie Property;(c)lease the same or uny parl therpol for such rentel,term,antl upon suCh Conditions as iYs
<br /> ' judgmenl may dlctate,or terminate or adjust the terms and condltlons ot existing leases.Unless irustor end Beneficiary thereof agree othorwise in writing,
<br /> --v " '� , ' any appllcatlon oi ronls,issues or prolits to any indobtudness secured hereby shell not extend or postpone the tlue date of the Installment payments as
<br /> `-:, , provlded in sald promissory note or Change the amount ol suCh InstallmeMS.The entering upon and taking possessfon of the Proparty,the collectlon
<br /> L�'�''�`� of suCh rents, issues end profits,and the applfcation thereof as aforesaid,s�all not warvc�or cure any detault or notice of default horeunder or invalidate
<br /> �• • � � any act done pursuant to such nodco.Trustor also assigns lo Beneficiary.as further secunty lor the performance of the obligations secured hereby,all
<br />"�a�c-�.'� , propald re�ts and all mome9 whiCh may have been or may hereafter be deposited with said Trustor by any lessee of the Property,to seCUro[he payment
<br /> o}nny rent or damages,or upon dofault In ihe performanCe of any of the provisions hereof.Trustor agrees to deliver such rents and dep�sds to BE3nefiClnry.
<br /> �,'�_ � ' Dollvary ot writton notice ol Bene6clary's exorcise of the nghts grantad horem,to any tanant ocCUpying sa�d promises shall be suHiCient to requfre said
<br />`_`�'�•`, •• . tenant to pay rent to the Beneficlary witil further notice.
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<br /> ;;;�:�;:= : � f 0.CONDEMNATION. If tdle to any purt ol the Propehy shall bn taken in condemnation proceed�ngs,by right uf eminent domain or similar aCtion,or
<br /> =�••''-'=.'.+�:,..n,,.�_ . , Bhell b0 sold under threai ol condorrn8tion,all awards, damages and proCeeds are hereby ass�gned end shall be paid to Benoficiary who Shall apply
<br />'�'�'-��� ` • Such a�vards, damages ond procoeds to Ihe sum securad by this Trusl Deed,with the oxcQS3.d any,paid to Trustor.If Trustor recaivas any notice or
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<br />-s�, othor Intormation regarding such actions or proceodings. Trustor shall grve prompt wrltten nodco thereot to Henehciary. Benehciary�hall be entitlad,al
<br /> 'a`''-'•-` �� � it9 optlon,to commonCe.eppear in end prosecute m ds own n8me any suCh action or proCeedinys end shall be entitled to make any Compromfsa or settlement
<br /> �' � in ConnocUon with anr suCh flctfon or proceedlnps.
<br /> v � .• I' 9.FUTURE AOVANCES,Upon roquest ol Trustor,Benehtiary at BenehCiary's option,pnor to roconveyance of the Property to Trustor,may make
<br /> •��!. � fulure fldvanc�slo T�uslor.Such luwre advancos.���ihinterost theroon,shall be securod by this Trust Deed when evidenCed by promissory notes stahng
<br /> � f � � that sald notes ere:�ecurad horob rovidod thal at no tima shall the secured pnnr,ipal and�uture advancr3s.not mcluding sums advanced to protoct
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<br /> � � tho soCUrity,ezteed hvo hundraA perCent(2004b)of Ihe ongmal pnnCipal amounts secured hRreby.
<br />- � 10.REMSDIES NOT EXCLUSIVE.Trustee and Benol�c�ary,and each of them,shal�bo endtlad to eNorce payment and performance of any mdobtednoss
<br /> � or Obligations secured hureby and to oxercise ali nghts and powers undor this Trust Oeed or under any other agreement exocuted m connection herewith
<br /> _ or any la�vs now or herealter m torco,notwithstand�ng some or all of the such mdebtedness ancl obligations secured hereby may now or hereaRer ba
<br /> . othervtlso secured,whothor by mortgaye,lrust deed, ptedgo.lien,assignmont or othorwise.Noither Iha a!:coptance of this Trusl Deed nor its onforcomenl
<br /> whothor by sourt actwn or pursuant to Ihe pc�ver ol sal�or olhpr powers h[train contamed.shall pre�udico or m any manner aHect Trustne's or Beneficiary's
<br />- � right to reallze upon or ontorco any othar secunly now or horeaRur held by Trustee or BQne��ciary,rt be�ng agreed that Trustoo and BUnohciary,and each .
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