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<br /> a�olnst futuro monfh�•lnstnllments ol Fundo.II fAo orraounf ol tho Funds liold by Bcnolicl�ry ahnll nof�o sulllclonf to psy t�r.�s,nss�.^.sr;�nro,e �
<br /> Insumnco promiums ond pround ronls ns thc/Iall duo, ilu�ta shall pfly to�ionoflclory ary omount nccocsnry to mnlro up tho dcfictcrtcyr�xl7hln►hlrty ,.
<br /> daya Irom tAO dato notico Is mallod by dorrvficlary to Tiustor rcquo9tlnp paymont Ihcr;of.Upon pnymont!n full of n/l IndcGhtdnos�,B^_ncliclary Cha7
<br /> prompty rofund to 1iu�tor nny Funds hold by Br�ncflc�ary.ll tho lYust Properry Is so/d unUor Iho powor ol salo or tho Trust ProAorty fs otbtrnvfs�v ��---
<br /> acqulrvd hy 9onoBclnry,Bono�lclary shall apply, lmmodiatofy pii��ro tho snlo ol tho 1Yust Proporty a!(o acqulsltlon by BonQtic/ary,nrty Funds hald - �y.-�
<br /> � by Boneliclary at thn l/mu o1 oppllcatlon ns a crr�tlit ac�a�nst thu fndobtodnnss.ll Qonofldary oxocutos a�vnttcn vrolvm cl 1Yustor's obllDatlons undor �'.=-�_
<br /> thls psraprnph 4, Tiustor covonants and egraos to pay, boforo tho samo bncomo dallnQuont,all faxes,ossossmants,lnsuranco premlums,pround �
<br /> ronts,and nll othe�chAryos vihntscwvr IGVled upon or pssoasad,pinacd or mndo or�ofnst tho 7iust Propnriy.7iustor lurthnr aDreos,upnn w�itton �--_•.-.
<br /> � • roquost tr�Bonnpciory,to promptty deliwr ro 8enotlur�ry eN racolpta lor rho peymont of such charpos.Tiusta llkc•:rl�o ac�rco�ro pcy al!t.;x�� �-
<br /> . ussossments and otha�cha�7os fevlcd upon a assos�ed,pincad or mado aDnfnst,or moasurod by,thls Uood ol Tiust or tho rocorrtatlon hereot.
<br /> b.Appllcntfon of Paymonts.Al!pr�ymonts rocoivad by 8ortoliclary ns ro n�ry dobt Iinblliry a obfipa�fon owud ro Renellclary by Ylastor may bo appNod Gy ==
<br /> ° Benet/clary fo tho paymont ol tho Indobrodnoss or to arty such othor dobt,f1a611iry or obllDation,In a�ry ordor or mnnna�of oppllcatfon whlch �%�--
<br /> Boneliclary,in!ts absobto dlsCrotlon,dooms oppropdato.Unlose othenvlse olectod by Bonoficfery,any such paymont sha/l bo doemod appllBd t/rst __
<br /> to tho ptrymont ol any dabt,1labiUty or obtlgaU�n other thnn[ho Noto. ���"�-�
<br /> 8. ChArgos;Llens. Ttustor wlil keop tho Trust Property l�ee from all Ilens and oncum6rnncos wh!Ch In omr wc+y may,!n fho judgment of OonMfclary,hava �"""
<br /> � pdairy nva�a lmpalr tha securrty ot,thls Dccd ol Tiusl but Tiustor neod not discha e such lien so/on as Tiusto�shall adroe.!n wrlfln ,to °�`��--
<br /> pay the obllgnUOn secured by such Ilen In e mannei acceptab!o to Benoficlary and�nll�good Inith contes such 11on by epp%vdate le�►el� �_,'
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<br /> procaedings�ffective to provent tho en/orcement ol fhe fren ontl tho foss ol A�ry Interest In or part ol tho Tiust Propnrry. �:-�=:
<br /> 7. Hazard Insurenco.Tiustor•sha:l keep the bulldings and olho�improvements now existing or heroalter eroctnd on tho Tiust Propertv fnsured by '*
<br /> Insu�ance carrlers satlsfactory to Baneliclary aga!nst foss by fire,haze�ds Jncluded!n tho[e�m'textended covo�agd'and such other hazards, ;,��
<br /> casualt/es and contingenclns ns may be roquired by Bene!lclery,in such amounts and for such perlods as may b9 requlred by Beneliclary.fio ��,�=-
<br /> pollcy ollnsurance ahall be!n lorm acceptab�to Beneficlary,provide that the same may not ba cnncelfed o�modifled without lilieen(i6)drtys pdor �-'-`°
<br /> - wdtten not/ce to Beneliclary,and shaf!have lass payeblo provislons In lavor ol and!n/orm acceptable ro BonellClAry.All pmmlums on/nsurnnce Ik?`�.'--
<br /> policies shal!ba peld!n fhe m�nner prov�ded unde�pa�agreph d horeot or,il not pald!n such manner.by Tiustor making payment et IBesl filtEen(15) °�._.=- _
<br /> deys pria ta the dus date,directly to tho Insurance caider.Beneliclary shall have the right to hold the pollcles end renewe/s thereo/and Tius!or shall '�'=`--
<br /> �, � promptty lurnlsh to Beneflclary all renewal noacea and ell pald premfum rece�pts recelved by�t.In no event sha!!Benelicfary or Tiustes be held r_'.-=
<br /> responslble for fallure to pay inswance premlums o�for arry loss or damnge a�lsing out o/a de%ct!n ers�pollcy or a�(sing out of arry lallure of arry ��'ti=
<br /> insurence company ro pay lor ary loss or damage lnsured again�t or fo�lailure by Tiusror to olfect tho lnsurence requlrod hereundor.In tho event of = .
<br /> loss,Ttustor shall glvv prompt notice by mell to tho Insumnce canler and Beneflciary.Beneflclary may make proof o/losa 1/not made promptty or!n �• ' �
<br /> � prope�lorm by Tiusto�All polides ollnsuvnce and arry and ell relunds ol unearned premlums a�e hereby asslgned fo Beneficlary as ndditlonal -
<br /> secunty/or the payment o/the Indebtedness.In the evenf o/Beneticlary's exerclse ol the pa,ver oJ sale contulned haroln,or!n the svont of -
<br /> loroclosure,a�!rlght,t/tle and lnterest ot Truslor 1n and to any lnsurance pol/cy then in lor�e shall pass to tho pu�hasor at tho dustes's ss/e o► _
<br /> lorecfosuro sale.!n case o1 arry loss,!he Insurance proceeds may,at the optlon o/8eneflclary,be applled by Bene/lclary upon the Inde6tednoss,or
<br /> any pan thereof,and in such orde�and amount as Benelicfary may determino;o�sald insurence p�ocesds,at the optlon o/Benoliclary,mtry elther :�::}.
<br /> be used 7n replacing or restoang the Tiust Property paitlally or totalfy destioyed ro a condJtlon sabs/actory to 8ene�lclary;or sald lnsurance -
<br /> " prGCeeds,oi sny portlon themof,may be released to Tiustoi Unless Beneliclary end Tiustoi othenvlse agree!n w�lting,any such applicatlon of _
<br /> Insurence proceeds shall not extand or postpone the due dato o/the Note,or arry installmcrn�s called lor thereln,or change the ampunt of such
<br /> __ in.c�allments II thA T.ust Pronnrtv ls acaufred bv Beneficlarv nursuant to the exe�cise o1 the power o/sale or other loreclosure,aU d,qht,titie and �-
<br /> interest al Tiustor!n and b arry lnsurance proceeds payable as a result o!demage ro the Tiust Property prlor to the sale or acqulsiBon shall pass ro ��t,
<br /> Bene�+clary and shall be applred/list to Iho costs end expenses,including attorney loes,incmred in collecBng such proceeds,then!n tho mannor
<br /> and!n the orde�provided herein. _�
<br /> 8. Pivservatlon end Malntenance ol Trust Prop6rly. Trusloi wil!keap the 6uildings and othar improvements now or hereetfer eracted on the Tiust .':�_
<br /> Properiy in good repair and cond/11an and ww7 not commit or permlt waste,will not alte�the deslgn or structural character constitutlng any bullding '
<br /> nuv or herea/ter erected on and constltuNng Ihe Trust Proepriy w(thout the prlw wiitten consent of Beneliciary, wlll not do a�ry sct or thing whlch
<br /> would unduty fmpalr or deprecla[e the vaNe d the Tiust Property and will not abandon the Trust Property. Trustar w/ll not removo srry Ilxtures a�
<br /> constltutlng�he Iiust Property unlass the same aro immediately repleced with fike property sub/oct fo the Uen and secunty/nterest of th/s Doed ol '
<br /> Tiust and o!at least equa/vulue end uHliry. Tmsfar will compty wlth all present and future ordinancos,regulatlons and requlrements ol ary i
<br /> � governmentel body whlch are appucable to►he Tiust Property and to the occupancy and use thereof.II this Deed ol Trust!s on s unit In a -
<br /> condominfum or a planned un(t dsvelopment Tiustor shall pedarn all ol Trusror's obllgatlons under the declaratlons or covenants cren�ing or I =,_,
<br /> govern/ng the condominlum o�the planned unit dovolopment,the bylaws and rvgulatlons of fho condominlum ar p/annod unit devolopment,and tha t"�
<br /> constltuent documonts.
<br /> �� •� 9. Inapectlon. Beneflclary or its ugents may,et all rgasonable timos,enter upon the Trust Property lor the pu�pose ol inspection.Benel/r.lary shall havo �,
<br /> no duty to make such lnspectlon and sha11 nW be Ilable Io Tiustor or to any person!n possession�l it makes or falls to make any suCh inspectlon. '•`t+`+
<br /> IQ Protectior ol Sncudty.!►Tiustor lails fo perPo�m arry of the covennnts end agreements contamed in this Dead o/Trust,or il any ectlon a proCOBding `��
<br /> . !s Comm��nced whlch does o�may adversety alfect 1he Trust Property or the lnferost of irustor or Bene�lciary therem or the titfe ol Tiustor thoreto, "�"'
<br /> then Benellclary,at its optlon,may perlorm such covanants end agreements,make such appearences,defend against antl/rn�estlgate such actlon I �
<br /> or proceeding and takd such othei action as Bene�iciary deems necessary to protect its interest lncludmg,6ut not Umited to,dlsbursament ol
<br /> . . reasonable attomey fees[+nd entry upon fho i�ust Property to make repalrs.Any amounts disbursed by Benellciary pursuant to thls paragreph 10.
<br /> witn lnterest thoreon,shall cons�ituto lndebtednvss of Tiustor securod by thls Deetl o/Tiust. Unloss Tiustor and Bene!(cary ar�roe to other terms ol
<br /> payment,such�mounts sha11 be payable upon notice Irom Beneficiary ro Tiustor requeshng payment fhoreo�and shall bear Interest from tho date
<br /> • of dlsbursoment at the default rste,if any,set brth In tho Noto,or ofhenvise at tha highast rnte permitted by law.Nothing contalnod in this paragraph �
<br /> shaU require Beneliciary to incur sny expense or take arry action he�ounder. Trustor irrowcabry authonzes and empowers Oene/iClary to enfer upon
<br /> the TruSt Property as flustor's ugent and,in irust0�'S namo oi othenvise to porlorm any end ell covonnnts and agreoments to be performetl by `
<br /> Trustor as herein providetl.Boneflclary shnN,at(ts optfon,be subropated to any encumb�ance.ben,clalm or dem8rtd ond to all rights and seCUnHes
<br /> for the peymont thereof pafd or discharged try BortefiCiary under tho p�ovisions he�eo/and arry such subrogation nghts shall be sdditlonal nnd
<br /> cumulative sflcunry lor dUS Deed ol Trust.
<br /> 1 t. �ndemnnt/on.Tho procoeCs o!ary o�va�d orcfaim!or damnges,diroct or consequen6al,in connection wrth any condemnabon or other tak/ng o/thp
<br /> llust Property,or any part theieol, or fo�tormyanCCt m/rpu o/o�in anhcipatlon ol Condemnatlon,ure hereby ussigned to nnd shall be paid to
<br /> Benoficisry! Trustor will l�lo end prosocuta in good►eirh snd with due ddigonce,!ts cla(m!or arry such awarc/or paymant And wdl causo the same to be
<br /> • collectad and pard to Seneliclary,end.should rt fa�l to do sa Tiustor in�voCaby eufhonzas and empowers Benel�ciary,m Ihe name of Tiustor or
<br /> othenvisa to fdo,pmsecute,sottle or compnomse ua�such claim:�nd to collect,receipt for end retam the proceeds.It rhe Tiust Properry is abandoned �
<br /> . by Tiusto�or,atror notice by Boneliclary f0 Trusmr rhaf fho condemnor oNers to meke an awartl or settfe a claim/or demages. Trustor fails to mspond to �
<br /> BenefrClttry wdAin thlrty(30)da/s aKcr the d&m such nof�ce is madod.Qenehc(ary�s authonzad fo collect and apply rhp procoeds�n the mnnnor i
<br /> ,ndicatod horoin. fie pror.oeds a'orry eward a c�aUn may,etter daducring ull reasonoble costs and exponses,meludrng afiomoy loes.whrch may have
<br /> been�ncumtd by 6CnpliC�ary in the collac6on Ihereof,aC the soiv tllscrphon ol Benehciary.be ro•'eosed to Tiustor,epplied to resrorat�on o!Tiust Properry. �
<br /> o�appfretl to the payment of the Indabtodnoss Unbss 8enelic�ary and Tiusror othenvise agree m�vnhng,arry such upplicr�hon of proceeds to �
<br /> IndobtednOSS Shall not nxtend orpostpono fhodue date d thv Nota or tho paympnf of ary msta�lments caUed for thn�undQC �
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<br /> 12. T ustor Not Roloasvd.Extonslon of tho hmo lorpaymenf or modd�cahon o/urry amort�zatron o/fho Indobrodness giontud by BQne6aory to urty
<br /> succossor in mte�est ol Tiusror shQll not opr3ra�e ro rofCas0.�n any manne�the I�abd�ry ot irusror and Tiusror's succossors�n interesL DenaLuary snen � .
<br /> �_ __ _ not be roQUrred to commenco proceodings eqamst such succossor or re(use to vxtond hmo lor p&yment or otherw�so mod�ry amornzauon o�the
<br /> Ir.de6fodnoss by reason of urry dernand madn by TiuS'or nnd Tius:or's successors�n rnteres[. �
<br /> ' 13 Financ�al lrtformat�on.Upnn request ol BenefKietry, Lusta wrll provido ro BeneGcmry.�v��hrn ronery(901 deys oi thet closo ol ouch lisco!year o!
<br /> Trusto� tho consol�dated balence shoet end slutomont ol pnrnmgs ol Trustor and any and alI guaranto�s ol!he/ndebtednoss socured noreby.�t any.
<br /> antl wdl provido and dolrvor to Bene6c�ury such other fmanc�al mlormahon and m such mortnOr ns Benehc�ary may ret+sonabty request lrom hmp to
<br /> ' hme.
<br /> t T4 Frnancial Covenants-hi etldihon to any o�hpr Imanc�ol covOnnnts ol 7iustor mnde m nny othei egroQment. mstrument oi tlocumonL Tiusror shall
<br /> ,. Compfy w�th an�sha//edusv orty and all gua�antors ol tho I�idBbtGdnoss secured hg�eby fo compty with,or bp in Comp6ance w�th.the lolfow�nq
<br /> hnuncial covcnants (Th�s avrngraph sha.'I no�opply d cO��CnpntS ontl rpqmrBmpntS Un3 nOt sCt IOrth hern�n J
<br /> '� la Sehadulo of Leases. W�th�n ron�t0)days n/fe3�domand. Tiustor shuil furmsh fo Bonoliciary a scnedule.cornGed to by Busto!settmg lorth all loasos
<br /> of tho riust Proparry.or arry portion thvrcol, mclutlrng�n oach case,tno namp o�tho tenonts or occupants.a descnpt�on of tne spaco occup+od by
<br /> "p such(Onant or occap�nt,the rantal peyaDlO fOr such space. and such otho.mformnho.�nnd Oocumenls tvrth respect to suclt�eBSes anU fenanc+Os
<br /> } as Benohanry may reasonabty�oquas
<br /> . { ' 16 Covvnanfs ol Trustor wrth f;espoct to Loases Nrthout fhe prror wn:ten consen�ol6etnoGCr;3ry 1ru5tcr sha�l noL d�rr.crry or ma�rectly �v�M respocf b
<br /> , ttrry feose ol spaCO m fho Tiust ProRerfy.Or airy pprhar Me�oot.whother such leaso�s now o�nereaKar�n ex�stonce
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