|
. ' � ��„~,'°Cr�' � ~ �c t -¢� � � -� - ( .� ' t . . . �. ' C.. � ' �^ �. . {;.�Z ,.
<br /> ..,"�ar.,=.�1, ,. y�� s. ..�,x'. `�. e� c.h �� . �. �..� � gC'�4� � .:� �. .. . � - r,�{�'1 ��,��;�"`w_ � -
<br /> ,,� ,.t.'. ..w4;1�� �- d' „��Y,� ,�.�s.��a �r,�c7 �j =� � �rv �t�' �'"� '�.:���- -��,�.�Y,c'��XS�� _ ----
<br /> .+ 1' - '5.�,� .[, -[�: .��,:. `f �..• ._t,.£x - :� ._-�.�' �s —
<br /> �-t a �� . ' �' , ' � � � �` . . . ` � , —_—...
<br /> c��� �� �T�•.:j} � . • � ( , . . . . `� , - — --
<br /> t���� � ` /��9 �aii7. ��
<br /> 4 YT•�{. '�- � .. ;�-If r . � —____..__-
<br /> � �.r ti �:. , . ,
<br /> _�it���s�f - a . ' . ' _ ' __-
<br /> rtYF $ • • . . � .__ . • . .
<br /> �:l�r�{��� . � . � � � .
<br /> -�'+;�r. .t���[�.�:.- TQ PROT�CT,THE S�C.URITY OF THiS TRUST 0=�TRU5TOe��SEREBY COV�FdANTS RItlD AGR�ES AS F�Oi.�.Ci°iS: .
<br />._a:;•�,:._ r � . . � . _ -- -
<br /> -_-=�-'�'���� 1.Pf�YbfSi4•OF RAit�i➢AI.AliD Iti7ERF��Treistar sna11�:omWY�a�f��sn dba tha pririra�al o!:rts Irrtrtcst an�trtQett2�:�ne��trtd�r�9d af .. - -- ..----------
<br /> •�= k j���'"�"� , ttra t�ate.ena 2n other sharges a.�+d fees;es prrnridcd in the t�ta�.an6 tk:o prinapzt at c3nd inter�t an nny Eut�a A6var.ees se��r tJHS Y�vst�e°0. --
<br /> --..�.;°,;v., u�:. __
<br /> '.. -':, . 2.E�I�HRAtd41f Qg 4iTl.E.Tnuta►is lav(uAjt se3zeA acsd Dw"��aT gooC and En42feasit�s titte end es�!o tha PraF�3►�°�Y ccnveyer}ard. . -- -Y--
<br /> }�r.i..-•:-,°'�`?'�`: has the right m 8�t ar>d eam�efT the PraDeny:�e Prap°rty is frrv�and ctear of ari Iiens ar.d enaurt�rancas►oxceGt t�rto�a of rctierd:e+sfl Tn��tar?��1 ; -- -_----
<br /> , ti , vrdrrant and det2n0 the Utte to tfia Rraperry again�2U eta;�s and Qemar.Qs. � , . —
<br /> { � ��, � ----
<br /> -•-� • 3.6t��L�tl�t�EQls.�30D�tl�4l3GFWtQ1ltAlN�.TrustorshaAkeeDtRePropertYinB�repaitandeqn6�tiona{td5hallrso{dommitvaslaarFermit � _ �
<br /> '~ ' ' imD��or d.`terEoratior+of tt�e PraPertl►and shai comDl�i wiUe tt�e provisions of arsH tease►�this Tnrst Qaed ts qn a feasa�sofd i�to ir+yrc�:�-m'��:.. ._ --_-
<br />.'�t:..1.. '.� �� � or hereafter ereeted upon tt�e PrapertY sha11�e alterxd.removed w demolished wi8m�a the prior rniren conseni of Henefidaty.Tsusmr shatl compiy►vith �_
<br /> - -_•.`••.•�``':-.�. etl laws.erdinances.re�tatians.cav2nants,eondiuons and resviMians affecting ttro Pm�EZIy and nm ecmrti�,suftes as pamsa eny�t to bs Qnrea i�or -- —
<br /> '°�i.:'`;_�,t:�_w�_.�.. u�an tRe PraDenY in viotatian ot any Iaw.orQ'uian�.re3utation.covenant,eondition or resVictian.Tnissnr shaU c�mytete ar restare pramplS�f and in g�d �
<br /> -A-•tr;� �T,,s� .... �vhettduB.alldaUnSfor.l�iborpertcmb:dandmateri�is
<br /> _. .9 . � .��'�• . emrlananGkemarrnerarryimProvementonthePropertyrrhichmaybeQa�nagedwdestraye68ndVaY• _
<br /> ti .:, .�' tumished therefot and tor arry atteratians tnereat. , _ __
<br /> r, ', �:�i��,-: � u�suranrs tivith�esyecs w tfie improvemer:s attd qerSOna! .
<br /> .,,�.t�•• �;.. � 4.tNSU1fiAF10E Trttstur.ffi its exP�rtse.wiU rttalrrtaln�vrtfl insurors ap�nved bl/8er.efiel2ty
<br />-_:=;-r'�* ��.� p r o y e ri y,e c n s l i�t i n 9 t h e P 9 r o n e ri y,a�s t►a s s b j►f�f c�m dn g,tamada and ath2r Gen�s and hazards eavered bJl siandsrd ex[essQed cov�age ir�Q�sa.T.ettt. -
<br /> `-'`;`'S,;�': : ' in an amou�n equal W at least one hundred Percent(t00�ib)oi the fu11 re�taeemetrt vai:,a thereo t an d insurance ag a f n�s u t h o t h e r h a r a t E 3 a h d i n s u c h --- ----
<br />-~)"��:, . �`i�_`';.-=, amobrrts as is eustort��►Y casried 0y aimers and operators af simifar properties ar as Berreficiary may require for its Rrate&tion_Tnutor�ilt eompty wlth —a
<br /> ', ..y � . fromtimetotlrttereQuesttartt!eprotec�anbyi�utuanceaftheirteres�nttherespedivepafies.Mins�usec9 � -
<br />- � suehotherrequirementsasBeaeficiarymay ---
<br />_:`s T. �-`��`:I potictes malmained pursuant ta this Trust OeeA s,hall name Trwtar ami Henefiaary as insured,astheir�espaeGve interests may aCAear,and pravidethai -- _
<br /> ';':^�R'r r: � • th�e 6e no cance�►atian m modificatim�wiihout at Ieast 15 days Pnarv,�notificaIIOn to Tnutee and Bsnefiria�Y�Y Prowre zuch h�u3r�e in axerQanos _-
<br />- •� , vrith the provisians af gr<ragaDb 6 hereof.Trustor�a7 Ganrer to Benafiaary tha mfgR�pnlicies of insurance and oenearats U:ereof or m.emo e�sies oi ---
<br />--. �- ..,:re��r �. such potiaes a^.���ts thereol.Fa�'ture 4o turtustf si.�h insuranee by Trustor.o�rFC�v�aLs as required hereundei shalt at the aption olBeneTiaaiY. --
<br /> -. s
<br /> cons6nns a d�u.L , ' : • � -'= ----
<br /> ;•� 5.'RAteS.A�ANDC4fAR6ES.Tnisrorshatlpayalltazc-s,�+tt�ettfsandothercnarges,irtdud'irt9.wrthaut�imitatan,finas8ndimp�ons _-
<br /> N
<br />_ .'`c. . �
<br /> atuia.�-,<...°iSe tothe Properiy and I�sehotd payments orground rertts.if a.nY.hefcrethesame hewme delinquer�.TrustarshaD prompUy furrtish tohertefivazl►
<br /> �; -�_—.-..--.
<br /> � • ellnoticesofamount�QueunderthisparagraDh,andintheevent7rustorshallmakepaymentdirectty,T[us[orshallpromptlyfumishtoBereficiaryrecelpLS . �y_�
<br /> , �� � evidenang suct�paymerAs-Trustor shaU pay a11 taxes and assessments which may be tevle0 upan Berteficiaryr�interest herein ar upan ihis 7wt Oeed
<br /> �. rrithaut regazd to arry Iaw ttiat may tie enacted imposing payment af the�fiots or arry part thareof upon the Benefic�ry: i =
<br /> — . .- . - � mess3sa�:.:irestandi�►CIPal2ndpayments �j_
<br /> _.� ', • 8.ADDfi10tULL L1EHS Al1D PROTEL'T[QN OF BcNEF[(�ARY S SECURiYY.Trustor shali make aIt pay , . ._
<br /> ��
<br /> ' � ` � of arty other charges,fees and expenses contracted to be paid to any existing or subsequent GenholQer or benefici�}.under arry existing ar suEsequent ���
<br /> � ' �� rt�oRgage or Uust deed 6efore the date c`.2y are delinquent or in de;wl�and promptly pay and dise:narge arry and a!l ather Rens,ctaims o►Charges wh1eA ,'� ,: �.
<br /> , ,• may jeopard'¢e tP�s securiry ganted herein.tt Trusta raiLs m make any such payment or laits to pertortn arty ot the caxenants and agreaments corrtalned . :,;;� ,.
<br /> ' , in this TruSt Deed.��g Note tetened to herain,a�n zr?y prior ar Subsequent tnsst d.eejl.or i}any action or pracee�:^t3��ammenced vmich matedally :;: fr�
<br /> r`;'.`
<br /> � aftecfs Beneftciary's o�est in the Property,inGuC�ng�e�nat t'smited to,eminer�t 6�+in praceedings,proceedings:a.z�hring a eseedent,no�ce�af sale _ ,.
<br />.. � � byTrw[es.naticeofCefiau'ttbyTrustee.moRgagofa;bdasareactian,aritTrustafaPSwGaYTrustor'sQebtsgenertilry�i,��becumedue,then8enefiaary. �'�
<br /> � ;.�, . at B�s,.°fivar�e option and vrithout notice ta or demand upon Trustor artd�'haut releaeirg7rustar from arry abligation here�.Cer,may makesuh appearanoes. ,.
<br /> ea�;
<br />- dish�se sueh sums and teke Such actlon as is necessary to proteq Be�ciarSr's interest.inctuding,but not fimi�ed to,disbursem2nt of re..�..�^nable attomey's . �,.`�
<br /> �- � `.,; tees,payment,purcfrase,contest or amp+omisa cf a.^y encumtrance.char9e or Iten,entry upon the.Properry to m:lio tepairs,or de�',aration of Qetault
<br /> - ^ r� !*
<br /> underthtsTn�stOeed.tnthesventthatT�ustors�alLia�Ttoprocureinsuraueortopaytaxes,assessments,oranyot`�:r•chargesottomakeanypayments �'. .�,_
<br /> to arry exi;ting or subsequent lienholde►s ot eps'�.ng cr subsequent b0neficiaries.He��ficiary may pracure sucri in�:.a�ce and make such pa7R�en�6ut �
<br /> , , , shallnatbeobligatedtodoso.Myamounlsdtsbu�aby6eneficiarypursuanttothisParagraph6shaDbecomeaddru�alindebtednessolTrustOrsecured , �
<br /> � • by this Trust Oeed.Sur.h amuunts shall b0 payahle upon natice from Beneftclary ro Trustor requestin�payment thereof,anashall bea►intzrest Nom the ,.�jj.
<br /> r;���-, �"' � : Qate of disbursement attherate pay2b:o.'rom timetotime on ouistanding prlrtGpal unQer the Note untess payment ot interest atsuch rate vroutd be contrary v�.}- �'
<br />=_��*. •, ,'a'��t � ..� tpapplic�aplafaw.invfiicheventsuch�..,.ountssfiallbearinterestalthehi�estra2epertnissibleunAerappticabtelaw.NothingcontainedinthisParagrapb ; ,:� �
<br /> `" ��°� 8 sha0 require Beneflciary to inCUr anyt expense or take any action hereunder. � �. ��• .
<br /> ,, iY�=x•�-. •�: 7.ASSIGNMENTOFRENTS.Beneflciarysha(Iha�aihedght.povrerandauthorityduringthecantinuanceotthisTru5t0eedtoc0ttecttherents,is.s:� , •����"'�-
<br /> EN
<br /> ��s�.:�`. '� '` and profits ot the Property and of any personaf properry located thereon v�ith or v,ithout takmg possess�on of the property atfeetetl hereby,and T�r . .,����.��� ��,�
<br />' - �^ � •••'� hereby abSOlutery and unconditionally assigns aIl such rents,issues and profits to Beneficiary.Benefrciary,hov�ever.hereby conse�rts to the Trustor's � ��'��,,
<br /> �
<br />- �`'����' eollee4on and retentlon of such rents,issues and profits as�ey zaa�uiend became payabte so long as Truslor is no�at such time.in Oefault with respect ��-`., �,
<br /> � � � topaymont ot arry indebtedness secured hereby.or in the�rtarcru cr�ct�ny agreement hereunder.Upon any such defaul�Benefrciary may at any time. . -
<br />- _ � , either in person,by agerrt.or by a recetver w be appo`•r�d by a coun,witheu4 rotice and vdthout regard to the adequzcy of any sycurity for t�e indebtedness , �'!
<br /> � hereby secured.(a)enier upon and take possession o�t'.te Properly or am!�tt tYnn;al,and in its own name sue tor or otherwise col►ect sucb rents,iuues '';t��`;ti
<br /> • ' and profrts,fncludingthosapastdueand unpeld,and aDplythe same.less cc�3"�expenses ot operatton and collection,intluding reasonable eatarney's . ;� ,jaf?�,;;'
<br /> - � fees,upon any indebce0ness secured hereby,and In such order as Benaficiary may determine;(b)Dertu►m such acts of repaf►or protecUon es may be �.� �
<br />- � � necessary or proper tU conserv0 trie K�ue o1 ihe Property:(c)tease the same or any part thereof fcd such rental,term,and upon such conditions as its � ".1a. ,
<br /> =• • ' judgment mayd�Ctato.or terminate oraCjust the terms and tonditlan5 of exi�ting tea5es.Unless Trusx and BeneFiciary thereol agee olherwise in vrtiting. •� • : ��,'
<br /> _`'%� . . � ::j�, arry application ot rents,issue9 or protit9 to arry indebtedness secured hereDy Sh�JI rc.extend or postaone ths due date af the�nstattm�nt payments as ,.:,,1;.
<br /> �. '. �:� ptoviQed in satd promissory rtote or char�ge tho amourst ot such installments.Th:sr.tering upon end taking possession of the Properry.the wlteaion � r ,
<br />_;.� : o}such rent5,issues and profits,and ihe appticaUnn thereot as aforesaid,shall�nt vrdive or cure any default or notice ot default hereunder or invafidate � ',` F:�
<br /> =�+ _. "•. any act done pursuant to cuch notiee.Trustor etso assigns t�BeaeSciary,as turther security for the pertormance ot tne obligatians secured hereby,all �.
<br /> ,�.." '°` ;;.�� . ,• pr�G:.id ronts and all monles vfile�may have 6een or may Aereaft�Ce deposite d wi t h sai d Trus to►by a ny l e s s e e ot the Pra pe rt y,to secure the payment . •
<br />-� �f.';-.<,-; '� c:�.ry�eneordamage9.orupanQetauHiMheportormanceofarryeftl�opravistonshereof,TruGtoragreestndetiversuchrentsarrdCa�ositsto80nefictary. �r�
<br /> ��°;�:,. . � .�;,. : '�;;l;rj�
<br /> �o- �:= • •� ;,�s,s Oelivary of rrtitten rotice o}Beneflclary's oxercise o�tt�e rights granted herein,to any tenant occupyring said premises shall be suHleient!o require safd �
<br /> '- .� � �;, �r�?, tenant to pay�ent to ihe Bertaflclary until further r��ce.
<br /> i h�
<br /> � 8.CONQEA6HATION.It tiNe to any paR of the Praperty shatl be taken in Candemnatlon prceeedings,by right of eminent domain or similar action,or . _ _
<br /> =r:,�';._� '...
<br />.'-� �.,: ? ' � shaU 6e snld urder threat of corQsmvaUan,a11 awards,damages and praceeds are heroby assig.�ed and shall be pa�d to Bonet�ciary who shall appty
<br /> ,._,ir,i7,'
<br /> �__..,:;,;;,:•�, - � such ac+ards,damages and pruceeds to the sum secured by this Trust Oeed.with the excess.it 2ny.pai0 to Trustor.8 Tru�ear receives any notice ar , 3
<br /> - ;°�;;,�' � • other information regarding such actlons ar praeeedings,7wstor shali ylve prompt written notice thareot to Beneficiary.Beneticiary shall be entitled.2t
<br /> --= � •� its option,tocommence.appear in and pmsecuce in rtswm name enysuch action or prooeedings and shau beentiued ro make arry oompromiseor ssttlerrtent v
<br /> — � in connectlon with arty such action or proceedings. � ' ' ' �:y
<br /> J.� ��' . 9.F11TUiiE ADYANCES.Upan request o}Trustor,Benoticiary at Beneficiary's opUon,prior to reconveyance ot tna Properry m Trusior,may make � ,.
<br />`-�� � futuro r.dvancos to Twstar.Such fUturo advances,v�ith interest iherean,shall be secured by this Trust Dead��hen avrdenced by promtssory noies stabng
<br /> ,� : ' � that satd notes aro secured hereby:pravide0 thaf at no time shall the secured pr�ncipa1 and tuture ativances,not ineluding sums advanced to p�atect .
<br /> � tte securiry,exceed tvro hundred porcent(2044b)of tho orlginat prineipal amounts sscured horeby. �,
<br /> � . .�. .. � �. ..
<br />�;�;• . ,, f � ,' �O.Rf�qED1,c.St10TEXCLUStVE.TrusteeandBeneficiary.andea�hotthem,shatlbeanUttedtaontoreepaymenfandperformancoofanyrodebtedness . }
<br />`�- �•'• ' or obtiqauans seeurcd hereby ane to oxercise a�f rights and powers urtder thls Trust Oeed or under any other agraeme�t oxeeuted in connechon herew�th �
<br /> ��' � • - , or any lavrs now or herea�ter in force,notvrithstanding some or all ot tng such indebtedness and oahgations securod hereby may no•r,or Rerea►tor be
<br /> � otherwise secure0.vrhether Gy mortgage.trust Qeed.pted�o,l�on,assignmem or otAarvl�se.Neitt►er the aceepiance ot this Trust Oeed nor its entorcumont
<br /> . Lfie�hor by couA action ar pursuantto tho pa�xer af e31e or otDer powers hernm eontained,sha11 pre�ud:CO oNn any manner�NeCt Trustee 6 ar BenotiCldry'y
<br /> . . •• right to real¢e upon or eniorto any other SaCUriry na:v or hereaftor�etd by TrusLea ot Beneficiaty.��bemg agreed that Truste�and B�nof�ciary.and each .
<br /> k,: .�. :: __ _._.., ;- , -- _,. -
<br /> r
<br /> .` . , • , , _
<br /> ,� �
<br /> ,ti . � . . .
<br /> y�. �.� . , ' . . ,
<br />-----� •
<br />- -==°'c,'.- ----� -' ' °' . _ . .. _ .. -. .. ..
<br />
|