|
3' _.,1 . c .•v, !t 4t fm�. � .. . i. ��n� - . . ::?. !' _ . j Af,2.<:5 i�rt 4} ,, 'tkK'�' t , "iZ`}'lYy i, .�ti f� _` r_°-
<br /> -? �;. E �.1. { � .�l.t• ��. � 'lz oc..��C t� ',"°n �� � ` '_
<br /> .- ' ,•' ... � . _
<br /> - �. , o . . . • , �
<br /> .... .. � _.. -. ,.. "t, . ... �> .. ...:... .: .. .i
<br /> .
<br /> •, .. �����w�
<br /> ,,� _ � -
<br /> .•
<br /> . ..
<br /> :.. •.. ' - •
<br /> � , ..
<br /> .
<br /> ., . . � , . .
<br /> i�{ —.. - ----- � � -- , =_— � t
<br /> sar,as��, r _ .` �V�. .1��`�� • � - � �:
<br /> " _ � :
<br /> �_�k1S-;.��.c� . . • � _
<br /> M?v��y, ` . ; agalnst hrttua mar�lh�y.fAStatOu�nts otFundst It Na amcuntaffh�Fun�AettlDy 8en�ctsry shsll rtat D$suff,'Gent lo pay 4v�uS assessmerKsL •. .° `� + -_
<br /> '�'`f� . tns��anceAramtrrrns anifQrounSrenH tt9 tRey t�UGua Trustersha0 pay ta Bsnatidary s�r smountnecessary ro matce vp tha CeflctenaY wtUdn thlrry :.
<br />�- ;��.` d6�s tr�m flse data nafh:e fs mal�d by Bsr+aP.r�ary ro DusBOr{e�c+r+son�Prr�a+rurt theraof.Upan prymertt in tu/l of eDfnrJebis�lnes$8cnal.`ciary sh�U � ` -
<br /> ma!'d < .
<br /> Omrr�fl�►tCftmd ta busIDranY Fittids hetdDYBer;efrclsnt Udr9 T1ust PnDpenYj9 SO:d rut6e�fhs pss2raf sa:s os tF,e lhrsi Prapt�rty+18 a�IanvlSB
<br /> ��'r°' ac�qulredCY Ben�cluyr,B2rtaf'rdary&l�!!aAD1Klmmadlats!}r prra to tl��sato of iha Trust Flopetty orrts sCquLs�tlon by Bonsfidary,e�ry Funds hs,4! .-- _=
<br /> - •� �jBo�r�tlele�yatgrotimr of�tp�taL`on es a credit egynstth�UxfcD�iress//8¢nef.'tilary�s a wrinen►vatvara!Trus�r's oDBga7ons und2r '�f` .
<br /> ?`� , Mi9 p3ra�h 4,�ustot�ven�r�s end a�se�s co pays bsfore Mt9 as,ne Oe�ome dalinqrren4 all taxest assessments.fnsuranasOramfr�ma gfound ' '..� •`
<br /> '�"=,�.��;,��- rznts�ensef�otAsrcAarg�serha�eeuerte'ileduponorassesyed,plece08rmadBega/nsttheTlustPropem!ltusrorfurthers�ee�rrponwdimn . •� _
<br /> _- �`_�'... r�qrteat by Ben�i�aryt to prompJy deLir�rta�neTrafarye!lreoelpts Mr�he P�mteMal such rdtarges DuStar 67cesv/se sgraes ro psyell taxe� ��. ;`
<br /> Q;�,• . etssessmer(ta snd ofAercAarges(a+led upoa orassesserl,plzced amaCa agatns;o�measuradOy,thfs tJ�d of 7tust orthe recor�atloa harso�• . ��
<br /> ti,,��:..,r-` 5/�AW�ca}Ton al Rry:r.snfs Aliptr,rmems recelved by 8eaehdary ss trs ahydabL GaLtlity oroDdgatfor�o.r�d ro 8enafidary tr�Tlusear may tre appUedby • � , ` .'
<br />--:��.; Eetu�ficlary ta tha pa/rr,aM o1 thv lndebtednass orto arr,r sucAathe�de�Gab�ryar oDligaUa»fn ary orrter o�manrter al appGcetlan vfilch • � �; ,�� t�~�
<br /> �� . • BsneficraryL 1n Ns absohrra�scraGan,daems eppmprlata Unfess otrterwisa e.'ected 0y Benefrcl3ry,nny sud►Paymerrt shalf De deemed appl.`ed fust ' ,t`� , �
<br /> g"�. . ta thopa/marr of enyQeb�lJaCr'Gry mobttgeCan aV�erman me No1n . ,
<br /> �''�,.,,�- . ' 8 CAargas;llens Trustor tivl0keep tPre ltustPropaay t�ee 6amall Prens and e�cumb�s wtUch in sr,y vraymays In rhe judgmemofBe:leflclary,heva -i � `' f _
<br />-- ' ` prWrlty wa�orfn.pa(r tRa secruFtyol,this tJeed otTiust6triTrustorneed not dlscAarge sny SucA l.`en so/ang as Trustarshall agreer,in wri�rg,ro , .
<br />_-=-Y�.;s i�Y��� P8Y fha abligapon&ectrria00y�llen In a manner acceplabte to Bene!ldaryand sha!!In good fa/tl►corttest such lien Dy sppmpdatslegal • - : .
<br />. ,•-�,�•:� � p�ceedmgs eh�a to prevent fhs eNarcemeMOf tAe!'ecen and theloss ol erytnterast/n orpart al the Trust Praperly. ` .
<br /> it.lw�'�..,�s_. � ,. �'
<br /> --: ,�;?',:r:r..- � Hamrdlrtsurancer.TmstorshaDkeepiheDuUdfngsandofhe�tmpra+emerrtsrravexisUngorhnrcaHarerectedontheTiustPropartytirsuredby .
<br /> �='s= ' insutence carrlars satisfaciary E�8en�ciary agaU�st foss by fire�hazardslncluded In the tertn'gxtended coverag�"and sueh oASerltatard$ .
<br /> -`';; . -' ' cast�afXas and card:hganc+as es msybe ruqutr�d by BeneBdary,ln such amoar►ts and lor sucA perkds as ntay fia requlred by Benetldaiy.fie :: > •
<br /> _;Y:r;;�;';�"��;. �aLicy�tiasuranca shanba ln farm a�mbte ro Benellciarj.Provlde that the same may not be canceUed or modRlod w(thaut ARaen ft51 days Ario� '"• � ,
<br /> �.. n�i'+��rsctea to fl�nesefaryt and sG4�dtirave loss payable provLsloas in favorofend ln form ecceptdble to Beneticlary.Nf p�ernlums on tnsuratice � ,
<br /> �� •. �a�des sl`raD6e pa.�d"v+the mamr��s.'±ded undar�aragreph 4 heraot a6 ff not patd fn such manne6 by Trustoi makfag paymenE�?tlesst Jllteen(15J - •
<br /> � ds/spriar ta tha��di7ect;��t��aisurancs c�nisr.Bertefidary sAsq havs the�lyht to ho/d the popcies a!��als ttrereat,�iM.Tr"uslorsbe!! r�
<br /> vj+�� :r �ara,T,,u2�yfrQafs.Y�lxl��rndf,datY2r7�ia2s'no6cesaridalfpaldpr8.m!¢mlet�eiptsracetvedbylt inROerlrisJ`�ailBefie'licl3ryorTiusteekehefd. , Ft � r�'���'
<br /> !e
<br /> ` ���r� `� ,�. cs§-rrs'i�A;elarL�iLij�(�s�L�:a�rsl.:�miumscr5isarrylossards?�gesrlaingoutofadefec�n��r��potie�raransfrrpourot�riy.felliuenl;enyf . . ;���� t�'�2,a�t
<br /> � G�ixFSr,�r.om�+��fls�s�f,srm1,g�fass�a:�am�gGi:r.M...�d aia1�x7h„gtafitr�a by Tiusto►ta e6'eat G7sr�rsurancarequi2d hef8tu�de&In the'su��i{ot . . .,.� 5(r�t l�c{�{i,�
<br /> � ?8�
<br /> � 'l'� los;;nrstorsha3 i ndrasL�imailioE�eri�,iran��r�r�r�,ptSeneilcierU,9an,e��a►.�1:mskep,roofoffnss!/rrotmedePromFf��'fr� , ���'�-r x �'
<br /> nrar�- �--t S'� ' �+� Lfl7 _ -
<br /> �Ae,.f:� � ,�.: . pmper form by Tr�;tac�i�l po11des of insurance arrCi arr�fallss�ri�a of unearn�'rp�amFams ara heiahY as8t9psd Ia,Benefrctery as s'ddr7loiral . .
<br />:-,._�,__-." '-.j s2curftyfor tha p�ynr rt of eRs lndaDmdnass f!�the at�at al Bsnsficlays Ba�fcisevY 1s3 paverot sale co►7311►ed hFraM:arin the event ot ._ _`-= _'� -,_
<br /> �-!_�;�:�' °� fatecln�mer.eDrlgh�b7leend Infenast o/trostOrin andto anylnsrrrance pofrgrthen in for�e shallpass to the pmchaserat the austea's sae or .�•
<br /> - - - fotactostue safa.fi case of arry loss,the lnsmance proCeeds msy�at Ure optlon ot 8eneflclaryt 6s appGed by BeneflGary upon Ne 1nQeDfedness,os --.'..�W:
<br /> �.I'':�� arry pa�t thereoi,snd!n strch or�er snd amarort es 6ene8dary may determine:or sald irtsurance proceeds�at the optlan otBer,eficlary,may either ' " �
<br /> �:�_ - be usaatn repfacfng ar rastortng the Tmst Property partla!!y or fatalry dasfr+�yad ta a conditlon satlsfactory to Benefrctary:orsatd insurartce - ' 1
<br /> pmceedst orarryr portion tltaraof,maybe release d to Trus7o�Un l ess Bene ficiary an d T r u s t oro t hena fse agreeln writin g,a n y sucA S p pflcatfon ef • _ �°
<br /> �. •��:
<br /> _� .�',�aq� ,` � Insurance procee0s shall rtot e�end orpos�ona tha dua dafe of tAe Notet arsrrylnstal/ments calfed for thereln,or change th.a emaurrt ol sucA _ • ��r�!F�
<br /> —'-- �J lnsta/Unems.ti�ha TiuSt P�operlyls ec�.dreQby Bsnefidery pursuent(o!he exertfse of the pv�ror olaale a oU�er farectosuc$a�iright,Gtle�d -�_-:.." `
<br /> � +° } /nterasi ol Tnrsta�In and to ary Insurance proceeds peyab/e as a rosulJ o!Bam3ge ro the Tiust Properry prlor ro the sele or acquisitlon s1�a11 pass to �_ ���;�� ':,+'
<br /> � �. `�L i Bertelieiery snd aAeU be spplied first ro the costs andexpenses�InGuding attamey(ees�lncurred!n coflecting sucA praceed$then tn the manne� ' _ :�:�
<br /> � h{ .. 8ndin Msarderprviidedhemin , •
<br /> `�^', 8 P�essrvation end MelntenenCe o1 Tlust P�opefry.Trtrstoi wil!kaep the Ouiftliags and ather�mprovctmens nav o�her8afte�eratted on Me Trust � `
<br /> " � P�opttilyin go0d mpalr 8nd contlitlon ertd aiiU not Cammtf or permh wastet w111 not alter tAe design oi atruCtuml charecter cansGfuting arry building r,
<br /> naw o�he2sfte�arected on an0 eenstitutlng fhe Trust Proaprly vifMour the pdar wriuen consent of BertafiGary,will not do a�ry►ect or tAlag wnlcA , ,
<br /> ,�.,,,,.;; _; wou!d rmdury Impai�or daprxJa,ro No vafue of tho tlust Pmperry an0 wtllnot abandoa Me Tiust P►aperry.Tru�ror wil!not rumove srry frxtures � ° .�; �'
<br /> �' ,., ,, constltWng tha Trast Prape�ty unkrss tha sama a�s immeCiatery rep�'aced wlirt bke properiy SubJect to the lien end securiry lnmtost o/NIS Deed of . r%,� .
<br />��«I�n " 71ust and ot at lgastepunl value endutiliry.Trosior w!!►compty wJth a►I present and futura ord;nance�regu/aNOns and requ/rements ol a�ry •'-r�-
<br /> ' =""-� ga+emmerttalbody vihlch um appl.�GaDlo to Ns Tmst P�opBirytand to the accapattty end use thereof.!f thJs peed o1 Trust ls on a urtlt/n a ' ��i:�;
<br /> ���:-:.`•s.�� -,. candomlNum a a plarmed urNt developmen►.7Tusto�ahall pertb�m all o!Trustars obllgatians under the decfarations or covenanls creeUng or r ' . ,�i'�"�4'
<br /> �.�_��,A.: • ;#
<br /> ,,r gaueming dra�ndominlum ar the piarmed unftdevelopmertt the bylaiv9 entl regul8dons o!the candam/nlum or ptapned unit developmer�and Bte . .. �
<br /> � •._�.�, � consdtuent dxuments. . � � .
<br /> � �/nspectlon.Beaefrctary or fts agents may,et alI reasonable Umest enter upon the 11ust Pmpe�ty for ihe pu�pose a!inspecNon Ben�clary ahalt have • `'• T` . �
<br />?. . .��� � no duty ro make such fnspec6on and shall not De uable to Tiustor or to any person/n possesslon//!f makasvr teits M maka arry such tnspectlon. ;�:�'�
<br /> 'M1';'��• '�'' � 1R Protecxlon ot Seeurity.NTnrstor leils to perform arry ol the cawnarrts an�agreBments contalned l�thls Doed ol 7iust or fl srry actlon a pmceeding •;��
<br /> ��'w��� � is commence�d erhlch does or mey aduefsetyaflect the Tiust Prapertyor ihe Intorest ol Troatarol BBngfklery themin or the titlo ol Tiusror thereta . �
<br />�.�_�,-_-•;., . .
<br />`;lx::s- thea Beneffctruy,at tts optlon,may pe�form sucb asa�enants and agreemerR�make saah appearance�delond agafnst s►rd lnvesUgat9 such action •
<br /> ��'��-." � , ,
<br /> – a�p1oc83ding ar,�[dce such other sCtlon es Bert�i�crty deems necessary to protec!its/nterest/nclud!»g,but not Ilm1mQ to�d/sbu�semema! � ,
<br /> --��--•s reasonable affis.�.r��f�es snd emry upon the Tiust P:.yeriy to mske repelna.Any smormts disbursed Dy Beneliclary,pprSirent ro thls paragraph fa � .
<br /> •r"- w,il.b;,, 17$J U,'B.'�'T!Sh811 CWJSBhlIB IIIdBbiBGl1B9S 0/TNSfOI S�G:J,'i9Q bjI fAJB OBB(IO/TNSL�I/1fBS9 TN5f0I8Iid BBpBI/C81j18glEB tO OfhBf f811R3 0I • � ' '
<br /> � ��'� �er�menb sud�2.-^�urrts shall be paysbfe upon noUce fram Bene�.�:ary ta Titistor reqtresdng payment tlsereo%and'sAall bear lnterssf from the dat� • �`�".
<br />'•�.r r; ,• .. , .
<br />'�`f"` ' ' ofd/sDursemerrtat�hs default retei!f any,set lortb!n�he Not�or othenvise et fhe h/ghest ralB permltted by law.N4Ning conia/ned In thls paiagraph •.- .
<br /> •�'I�•'�•` , < shallrequUe 8enolicl�ry to Incur arry e�ense or take afir scdon hereunde� 1tuaW►/rrewaabty authorizes and emp�sss�rs Beneficlary to enler upon . , . V"�-`;;;�il.
<br /> ,..�. :_-, f� fY �
<br /> . the Trost Prapeny as Tiusro/a egarn end,in Tiuscora name a oHrenvfs9 ro perlorm any snd all cavenanrs and agreerngnts ro Da peAormed by . ?,'�`�?'.
<br /> �i.��.
<br /> a:,�r`i;,` :�,'• .� Trusror ss horeln provlded.Bensllctary aha/l,et ita optlon,be subrogafed m eny encumbrance,llen,C:a/m or demaad and to aD dghts and secuddes ;j;�,.;;�
<br /> - .,- /a tA9 peymefR Neteot p81d or dis�arged by BeneflGary under fhe provislons hemol snd ary suCh SuD,ogatlon rlghts sha06e additloaa!and
<br /> �`��'•'� ' .- cumulaWe securlly Mr this Oeed of Tlust. . . ..
<br />±a�`:�3 a�`; °'.' 1f. Condemnetlon.71te praceeds of a►y sward or clslm for damages d1BCt or consoquenBal,!n conitectton with arry condemnaUon o�othei taking o/fhe � +, . � :„'�,
<br /> •�";t� Jtust Frope�iyc o�any part thermf,a Mr comreyane�rinllau at a tnenticlpation o1 coneh^mabon,efe hereby assl�ed to and shall6e pald to � ��;��
<br />`_,t;.;;.`3 -� ;.y: Bena*Gary.7lusfor willTile an0 prosearta Jn goad?rtitAsnd wJth due dillgeno�fts claa�for any such awanf or paymer�end wip cause the asme to be � � '.�t�,i_;
<br />;;-;`a=}=�-��• caf�Cted arrd pald fo BenefrclarjS and,ahould!t/al!to 0o sa TrusM�laevacebly 8ufhoriles and empo�vms BeneBclery,�n the name ol7tustor or
<br /> "'��'`.,i:-�` ' otAenvJsq to fJe�prosQCUte�,seW3 or compromise ery auch clelm and fo collec�re+celpt far and retaln the pmoeeds H the Tiust Properryls abandoned �
<br />- `i'�Zr�_'_ � .
<br /> r��'- •,L^.+iL by rNSfOI Ol,&IIBI ROtfCB by BBAPS1Cf8lj�t0 7FLSml th8t 1hB 001IdBll)l101 01(Q18 m M81�8A 8W8ld Of SBttIB H C181!!1(01 d3A78gB5L TRlSt01�8119 f0 la3f�0A0[O .
<br />-r;�+:k�r:• 's• Bc►reflclary w1�hM tAlrty(30)day9 frlter tha date such noUce Is malfed,Benefic/ary!s authorhed tn co1lect and appty U:e proceeds In fha manner . �
<br /> _r,i�;=r.�t` In�icalr3d herein.1Ae proceed9 0l any tavan!w cfa/m may,efter daducNng a0 reasonable costs enG e�ense�,lncluding atfamey fees�which may have � . ,
<br /> .x�s be�n fncumed Dy Bene/lc�a�y fn thv collecUan Ursraol,at the so/o dlscreUOn ol Benefrolary,be raleased ro Tmsroi eppUed to restorerlon of Trust Pmperry, • . .
<br /> "-'"'':� or epplled lo Ne psymemof the lnGaGteCness.Unless Benefidary snd 7hrsror othenvtse agtealn wdUng,any such applicatlon of prxeeds ro .' . �
<br /> '�� � fndobte�ess aha/l not extend o�pos�one the due Cate of the Note or the � • �
<br />,�:�;�„F, payment of a►y lnsralfinents cal/ed Mr the�eundar.
<br /> - �- '� 12. 91u5rot Not Ra!eased.Extensfon ot the tlme la peymerR ormodilicaUan of eny amo�nn ol dre lndebcedness granted by Beneficiary ro s►ry . "
<br /> ����''~�" ` arrocessa ln lntpmSt o9 Tiustor ahall ant opere!e to iefeaso,!n any manrteL Uts linbiliry of Ausror 8nd Tiustor's successas!n lrrte�st Bene!lc/ary shal!
<br /> ^��°1.�_.s�" notbo requitod lo commaaco pmcaedfng9�qalnst suCh succossora mluse lo axtend lime lor payment or othervilse modly amonzation ol the �_
<br /> ��`-�� lnCOD�es9 by reason al eny demand made by Trusmr�nd Ttusro�a successo�s fn lnterest.
<br />._771�r:"!'� •
<br />-�± -- ° + i� f/nanc/a!fMnnneUon.Upon raquest ol8eneficlary,Tiustar w10 provido tp BonefJClsry,withtn nlnery(90)days of the closo ot each liscal yser o1 '
<br /> _� �ry.,���q, .
<br />-=�`�•��►.r Tie9tor,tho conso!ldamd balrurao eNoot and atatement o1 eemings o!trustor and eny and ell guaranrors ol the lndebtedness secured hereby,r!am, • �
<br /> .j;��•�.._�:�. and w/11 ptwide snd delNer lo BonoA�lary such othor�inanclal!nlormaUon end!n such mannei as B:ne/Iclary may reasona6/y request/rom tJme to .
<br />.:s_�':�;;'- timR .
<br /> '�"� f4. FJndnCl81 Covonnnt8.In eddiUon to otAe►!lnonC/al covenarNS ol Trustor mdde!n otAe�a reament,lnstrument a�dacument. Tiustor shall
<br />�;c�t%td��::l�':� ,: �Y �+Y 8 '
<br />- �"`.�� -� compy v�irh and ahnll aause any and elf gao►anta�s of tho fndebiedness socumd horoby ta comply v�ith,or be!n compGance v��th,tne ta/wring .
<br /> ��• flnanclal cavanant8:(fhls para�raph shalJ not a�nh��f co�enants and raqulrsmants ars not set lanh hareM.
<br /> �`�',.''�..k'�i;'a � '
<br /> -°°.-�•�����•• 1� ScAedulo of Leasea W1thln ten(i0)days aHer���ncrnd,71u8lol 8he1/fumlSh t0 BOnef/Clary e SCI►Odul�certified to by 7fustor,�etling forth ell l9ase9 •
<br />=5_;:;;;�;���',:� : al the nust Propeny,or erry poAlon�re�eol,Incr�Oing fn eaCN cg8&th9 name ol the tanants o�Occry�;�,�rs,a dsscnpncn ol the apac¢or�up�ed by
<br />.,-,�Y�. . , . ���. sa:h t�Tnanf a occupanG thA�ntUY�aynDle lor such apace,and 8uch other lnlarmatlon and doCUmxi:s viifh respoct to Such/eases end tenancles � ,'
<br /> � ' 'i� ssBeneltcl�.yr,r�rl�easonrt6yrequast
<br /> - � `•'�:n . .
<br /> ':��: � '� ;!:.��� 18 CwBtl�tr!s a!°taxit�wlth R9Spect to t68sBS tlJi}/iaut ih9 prlor rviitfen cons6nt of BG/isfic/sry�7tustor aha/i not,dl e�Jy or IndilecUy,with tespect to � . .
<br /> • ��.� flrt/lB+SSB 0�sLt9:if�.h thB TluSt ProDBth!n�emi ntoxn+nn fhnm!d uMnlhar,v�r.h WAcA 1A nnw or hereaftBrin BxiStBnC9. .
<br /> •:�'� . . �—_:� . .
<br />� T, . . . . ,... _ . . . . F==— -- --= -
<br /> I( 1� . (� . ' _
<br /> - . _1�� . . ' ; . � � __
<br />. ... . . .��k� . i. . . . _
<br /> .
<br /> _ .. � .. . . . �._ ..�.. . . . . _ .
<br /> . . . . ..�y . ... .. . . . � �
<br />, • " ' _ __....____ ... ... _. . ___..'_. "_"" "___.. . _. ..._. _ •
<br /> . . . . " _ �.'' " _ '. . ._ . '" `_ ' . ' �' . ...' . � .. �
<br /> . .. . . .. . _ "_ "___ �__t__ _..._._. _"_.-". . .-__"" _._
<br />
|