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<br /> .. a ' ���. . � therera.ith, in�ludfng �ai.thout �im%�ation gua�anteea, securxity � .
<br /> ;, :,. ..�,•�. ��';;.� .
<br />- :�;.,,, • .., �•,. ���.� , _ � a�eementa and aseignments' af leases asu� rents, s1ia1.1 b� referred�
<br /> _. .�1:12_ .�!t �uR . . . .
<br /> .,�:-.:;:.:,�. to hes�in as the, "Loan Inst�cutttents".. , . , .
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<br /> ° . . �Y�` � �:, � ` , T'RIISTOR CU�TENNADITS� AI3D AGREES 4�7�Tii LP.�BR ;AS PC?I�Lt)WS:
<br /> . �i . , .
<br /> _;J .. ;•`', , .
<br /> . f 4•' . �,, �y�pnt of �nclebtednesa. AZ,1 iadebtecln��s sec�ared � _�
<br /> �i ,.- `- { - here�y ehail be gaid w$er� d�e. " . . _-
<br /> F:�. . � � . � �• - � � .. � �� . - -�
<br />°;�:�-�. 4r.� � . `. . . 2. Ti�. Truator .�.s the�acaner of the Property, Y�as the
<br />'�:i.;:-°f.. ..Y`Y� , . rigbt arid au�hority to convey the P�operty and warrante that th�� . ..
<br />�"��. ��..:�•.''. � . 5 . .• lien creaLe3 hsreby is-a f ixs� and pri.er l.iea�on the Prope�ty �an.d .
<br />'_;��.-'}. ';: '�: � , the executioa and delivery of the Deed of Tru�t daes not viol�te . •
<br /> _}�.. �, . �:� ,��,. any contract or other obl.igatioa to which '1"rustar is aub�ect�.� ,,."
<br />.;J-�� . �f 'L, 3, Taxe�= Assc-±9sments. To �ay, before delinc�uea�t, a3.1 , �L`;%�'�
<br /> .,;�� ` � ' � -
<br /> "_., � ..�'. : �. . ta��s, special assesements and all ather charges again$t��che � •
<br /> �-` d " � P��rty now or hereaf�er leni.ed. ' . � . , ;
<br /> , ., • %s� ;.
<br /> � . 4. Sneuraace. � To keep the Proge-rty insured agafna�.;±��tnage-�� ` J --
<br /> `..• ti:,,� �. . �'
<br /> ' � b �ire hazards included with the 'term "extended caverage�"��`�aad ,:`�'.;� ,,, .
<br /> -:�'�_:.�..,:__�<:_����_ y - � ' • ?
<br /> .. � --���.-_ � � su�la. ot�er hazards as Lender tnay require iis amounts.a�nd with cor���;�_.� �
<br /> .. . .
<br /> , • . . , . pa�ies acceptab2e to I;ender; n�aming Lender�-as' an additional na�tec��''<��.� ; .
<br /> •, � � inaured with loss payable to the Lender. Im case of los� und�r :� ::-,;,'
<br /> .� � ;,,: �.. , � � . such paliaiea, the Lender is authorized to adjus�, collect .aad .
<br /> � �� � compromiee all claima thereunder and sl�ll have the ogtion of � �
<br /> -'� •t•�� " ��" ' � app�.ying all or pa.st of the insurance proce�ed� ti) to any �rtdebt-
<br /> . " ��.�. � e�iri;�as secured h���by and in such order as Lendex ma� determine, . •
<br /> � (i�Y ta the Trustn� to �be uaed for the repair or.restoratian af . �
<br /> � , � '�� ,' � the,P�coperty , or tiii) for any other purpo�e or object satisfac- • ,
<br /> � � ; ' �az� to Lender without affecting the lien of this Deed af 1'r`tuat
<br /> � � � ' fa� '�he €ull amount secured herebg bafore auch pa�ment ever took. � . �—
<br /> _ .. � . . � �� " � p1ai�. Any application of proceecis to indebtedness ehall nat �,.�,� ,
<br />. � ; extiend or poetpon� the due date of any. payments uader the Note, ,
<br />. . � , �� . or cure any default Chereunder or hereunder. _
<br /> . � 5, E��t. Upen written dem.3nd by Lencier, Tru�stor shall � —��"'—
<br /> • � �.. � � . pa�r to Lender, in auch manner as Lender may deaignate, sufficieat : �`y�.
<br /> x � . . �: ;.
<br /> . s��"s to enable Lender to pay as they become due one or more of =_ �,�
<br />"� � � the following: (i) all taxes, aeaessments and other chargea _�_
<br /> � � ; againet the Property: (ii) the premiums on the property it�euranae �� _
<br /> � .. .. '..• r�quired hereunder, and (iii) the premiums on any mortgage� iaeur- _�-�'`.��---
<br /> ��;��
<br /> � - "�j:9``��° acr�e required by Lender. , �'-�
<br /> , s�,,if, •:::�;,�.�,
<br /> � ;� . . . � ' 6, �ainrpnance Re=,+airs an Comaliance-with L.aws. Truato� � � `�,--� - _
<br />"g ���.'.�j'���, °�� - � .� shall keep the Propertcy in good condit3on and regair; shall � --
<br /> ' .Y��
<br /> ' }�� ' ' � pramptly repair, or replace, any improvement which may be damaged • ��
<br /> '�: �. ��• � , or de�tzoyed; ahal l not commit or permi t any wa s t e o r d e t e r i o r a- � ;�_t;_'-
<br /> �p• � �� . ticn of the Property; shall not remove, demolish or aubstantially �.x�!�t°� =_
<br /> -:=:�,,7ti� � �' ..: alter any of the improvementa on the Praperty; shall not commit, � . . . : � _
<br /> � `�,� suf fer or permit any act to be done in or upon the Property in . `��.
<br />- - � � v�olation of amy law, ordinance ar regulation; and shall paomptly , ,�, �.i�
<br /> ' r' � `'''`''�.," dxr��charqe at Trustor's coat and e�ense all liens, encumbrances � •;�„ � � ` �-
<br /> . � . � :'ti:�%ir.: i;i,.•�
<br /> ; �� ' . , an.c� charges levied, imposed or a�g�ased againat the Property or � ���.Y� ��
<br /> any part thereof. . ::a�,; • .'`
<br /> _ � .,,
<br /> _, �.��.. �: �, F.minen�Doma?n. Lender 3a hereby assigned all compensa-. � �
<br /> � � �: '� •�;� .- tion, awarda, dar�ages and other payments or relief (hereinafter � `. ,{.
<br /> ::,:.�,<..
<br /> � � ��,;,!. "L�aceeds") in connection with coademnation or other taking of . ;'
<br /> ; � � the Property or part thereof, or for conveyance in lieu of con- . : ��_
<br /> - �': . � � demnatioa. Lender ehall be entitled at i.ts option to commence, .�
<br /> � appear in and prosecute in ita own name any action or proceed- .. , `��
<br /> -_������ . . � .� . � inga, and shall also be entitled to make any compromise or set- ;
<br /> � � •clement in connection a�ith auch taking or damage. Ir, the event .
<br /> " .. any portion of the Property ia so taken or damaged, Lender ehall �
<br /> .- ���� �_:. � .� � have the option, it ita sole and abaolute discretion, to apply � .
<br /> . . � all such Proceeda, after deducti.ng there�rom all coats and � _
<br />`-'� � - � . e�cpenses incurred by it in connection a�ith auch Proceeds, upon � �
<br />`_.:; � . , any indebtedneae secured hereby and in such order ae L�nder may . '
<br /> , t � ' , determine, or to apply all auch Proceeds, after auch deductians, � .
<br /> - to the reatoration of the Property upen euch conditions as Lender i �' � .
<br /> . . : .
<br /> � may determine. �1ny application of Praceeds to indebtedness gha11 � � �� �
<br /> , � , � �
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