|
1�•... c e,.o�-��,x . . . . ,., .
<br /> . � ��� --- - ' . .. '-�`��- . e�.« �` '—�;.— �.'s ='c- _ 1 �k .�- " - ,
<br /> ��.s�. ° V� T��� .—�_ ._�. _ ` c,�._c T` . . . _
<br />. , r� . �r„� ._',- .. - a o . -.e �..`..-r � _•.�r.:c�.�.- _ _ -� .- . _ - 'x—".� .-
<br /> E' `< 4 � i . 1 G 4
<br /> �rLC_' �.�-�`—�=-c-- ^'"c—'---='� ' —,._. .r.. � .__—�_.
<br /> ='=-r��:=�r'-,"-_':`-T'�t. �. �. 'a �t r: (`c `t. e;.� .
<br /> f. .�� J
<br />. . . ��� - �- . -
<br />..��.6 5�• ` < ' ' . , , � • .
<br /> � � � � 7 .
<br /> ;',�•V� �'`'<, ��Q n�����U�istatt�frems ol Ponda!/Na emaw�t at ths Fnnds hefd bl►Bm�eficfary sNail rtat ba sufBcleat ro pay�s.essossmani�
<br /> ,:�_.. �� .
<br />� � rn�urance premkrms aAd ground rsrrts es thvy faUdu0.Tiuslarahallpsy to 6erreJJdarY anl+amonnt ascaSSBry ro mrltcce�the deffetency vitU+lritAlrry • i.
<br /> ' • • days hamlRe da18 notice fs meflad b}r 8en�elary to TruSAS►wqu0snn9 Paymer�i theteof.t/�Art payment/n/uU at all tndeEtedrtes�88rreNCiary►shaB .
<br /> ; .��. . ` , prampLy refrmd to Trusmr arry Funds Retd by Benef.ctafyc!f tAe Trust Pmparry ts s�ld under Ms pasver at sela or the Ttust Prape�ty ts othan��lse . �x
<br /> . . acqufred DY 8enefielaryt BendrdarysASll ePP$:Imrnediem►YPrinr rotha sata af tAe$irst PmFenJ+or tts ecquislilonbj 8ereficlary,erry Furrds hEtd .
<br /> • tr�8enefidary ai Ure Cme ot eppdcaYon as e credit a9alr►st ttre/adebte�res�!1 Bartefidary execums a wrltten waiver oi t7usmr's oOGgadons tmd�r
<br /> , . ," :`` .-: this pafagraph 4,Dustar ewerrants snd$qrees to pag Defora the same trecome dafirrquer�eilta��assessm8�lnsumrtce premlums,gratmd ,
<br /> R-,--•`.' � .' rants�anUBf►othe�chargeswhatsaavarfevleduponoressessedP�ormarfeagafirstHreTlustPrope�ty.Tiusta�furtharagres�uaonvrtttten •
<br />' ��.•:<'� �' requsst b�Bea�dary,to pramp�ly deliver Gu 8enetidary sN rece/pts tor the peyment of such charges tnrsro�/ike�vtse agraas ro pay af!laxest �
<br /> " assessmerrts snd otAereharges(svted upan or assesced,placed ar m�Qs egafns�or measured bY.tP�Is Dead ot Trust or the rscoordatlonAs�pf.
<br /> g qppGcation oJ Paymenfi Ail psyments reCehred�by BeneTiGary 8s ro a►N dabt lrabtl'rty or obligaHor+asved to Beneffc/ary Dy TiuStor m�y ba qpp!!ed Dy
<br /> FI..,, ._`�*� Beneficis�Yto U�e paym.eraaF tJrslndabte�lrras§or toany sus�othar deDL`liaDitiry ao��igatiar►,�ir�r+Yord�rwmannerof eppCCarlor+whtch -
<br /> � gerafrcFary,in�is absohrte dkcre6on,desms appfapdata Ualess otheNilse efectad by Berteffclary.anY sueA payment shallDe desmad.sppltad�rst
<br /> ; '' . La tha payment efa.ry dah�IisDUity or obfigaGbn athe�Nan Me Nota .
<br />���fi��''°l &Chargss;l}ens tnrsLorwr711�ep the Tiust Prape�ty hea ham M liens and eriCUmbrances vfiich in arry way mayc fn the judgmeni o/Benefrctaryt AavB
<br /> _ :._. .�,,
<br /> ' .'' •:`•�`' pdo�iry ove�orfmpaUtRe se�rrity of,tlrts Deed ot Tnut but Tnrstor nead noi dischargs ery suCh llen so tong es Trustor sha/l egreet in wr�np,to F
<br /> .. ,;:",�. ;;;' � Pay tha obGgaGOn secmad by srlch Gen in a marira�BCCePtabfe ro Benefldary anOshatt in good faiih edntast su�Alien 6y epproprtate faga/ ,
<br /> - pmcesdrngs�fective to praverit the enfo�cement of tAn Gen and the loss al eny t�ast Jn or part of the 7fust Pmperty. ` *
<br /> im mvements naw existfng or here�ter erocted on the trust,Properry Uisured by �,�„�_.
<br /> - 7. N a z a r d I n s u r a n c a T i n s t o�a h a l l l�b A�e b u t t d i n g s e n d o t h e� p , -- .
<br /> '..:,•�' 1n�nCe�r�lars sat�factory�p gengficlgry 8qalnst lo�p�/firo�hezards inctuded in the term'textended caverage"en d su c h o t her h a z a r ds, . ;�a_
<br /> ro�
<br /> ��`�:`,�. casuat�es andca�Urgencles as maybe reqriLed by Bea�cfaqt In such'amoums and forsuch pedods es may be requtred(sy Benelltfaqs Th� =-_
<br /> �avlde Nat the same may not be carrcalf9d o�mod'�ed wlthout fiRaen(15j days prtoi ` "�-
<br /> ' ,� :r, poGc7r af irtsurar►ce sheU be fn firm accepmDfe to BenafrGary,p �
<br /> �`}� - urrfttan potics to Benaflclary,snd shallhava fass parya6/eG�avlslons In favorot anAhr fa�n accapta0le to Benefrcla�%M premhrms on firswairce '
<br /> :=�.�,;;ti'';•;�.,� paGcrbs sh�if be pafd U►ihe manner ptovlded under paragraph 4 haraal ar,Htroipa/d ln sucJi marutei by Trusmr maldp9Paymerrt atleast f�ftesn(1S7 ,�__
<br /> ;:.t�; 1::�f�;;�; ,� dya prior ta tAe dua dateb Q'�re�ry to ffielnsurance carrfer.Beneficlaty shal!hav3 Ne dght ta hold the poucJss and ranewals therenf err�Tiustor ahaU _
<br /> ;•�,,�:,;., ." ,- : .prampUy fumtsh m 8enefic'r�/a/1 rene.va!nofFces and a11 pald promlum�eceipLS received6y rt tn no everR shall Beneffaiary o�Tirrsces 08 held �y..
<br /> ,;,.... :.,��.�� �:_.:sespnrrsmte forfellureto�.=y;i�'urance pramiumsorfaenylossordsmag�arls(ngoutafa d�fedJnsrypoQO/orarlsingoutofarryfaflura otany �:.,;.
<br /> � r , . ` ;�¢,�rr�ny to��foirarryry/oss adamage lnsurad agsbrst or fo�latlure by Trustor to eflect tha Insuraace requ/red Aersurr,C�!rt{.'!e¢�,��t re��:
<br /> i�:,:���.'f�., � tas�.Y�''s9�'aRc�'veA:e�tno#1ce bYm3�Su 4ha lnsurance caafer end 8�"udary:Benefri;fary maY make Praof o1 foss Haot maCe'f��3!�
<br /> „:�;� ��;s� -�- -� -�---���9�qt��'usioc�Allpa(iciesW�nsur�ittceantlany-and.alt�efundsd�.�^8dPt8miumsare.Rareb,ya._.ss�nedto.Ba�re�rcFary�s4��.; _ _
<br /> ,�f� r's .. secrrriJyf�''�P��o��Jnffabiednass.#�r tlre evenf ol BeneRciary's�se of the pav.erof safe oofrtar.�d heiefn,or�i►ths�i+iant Gfi. �,,. .. . -
<br /> �1
<br /> r'� ; ti,�r •-.fa�sfas�e;aRdgh�C�leantd ir�restat,Trustorin and ta ar�►�zranca ppGcy then ln lorse s�i�lr,;,ass to Ure prrrchase!at the�'s'sefo br =
<br /> ;•,,.�.�,;.; ,; . .:,SatecJosirre�la In caae O1 ivriy ios��ihelnsuranCe AruCeerS'�5.at Ure opfiorr olBenefraa;/,4�a�PAfi80 Dy Benellclary upam'r`r�lndebtttQaes�Or ,
<br /> . . ; : ar+/partihB�eaf,andin8uchorderendamQUr►tesBerras�ymayQBtemNne:orsaldlnsur�nc��:oc�aAsratfh9ApUohotG'�clag.mayeflher _
<br />,�,:=�,._-`�•�t �•' ' a�tolally destroyad to a cond'rtia�e�r�r�nry t�•Ezzx.f,rlary;Or�?i�sutance,. ' -_
<br />. ,,.,t, ..�, • 68 used6'is8p18Gny ot►85toring the TiruiPrz�pBrtY p�3dJ! _
<br /> . . pr��edS oX�Y Pordnn thereat,may ba retaas2d to Trusac tlntess BenefiGary arrd Trustar a"`.xvr,sa ag�v�+�it�?t�,�'1�aPOlication�t_.
<br /> ,-:'`�' `:..I�praceeds shs1J n�S�xtand or postpone the drrs�oI tAe Not�or arry tnstallmerrts epAeJ/ar therein,trr ch�'.,,^a C�3a�ourtt ot sucA'
<br />",.��''��; �,' j •'� rns7a/DnmRS f!tde Tnut Praye,rry is ecqubad by Beneficiar�pw5yaM ro tho exerc/se ottf�pr�Af saJe or other forGClosraQ eit m�t tfNa snd --
<br /> �� ' tnterast o1 Truxn�ln end tu�y insurance praceadspaya0le as a rasu/tof damsge to tlre Tra�2 PropertyP►larto the sa'e orat.quisllon sltallyass to �
<br />- s�-'� �` BgnefiGBry and sfra00B appfied 6ra!to the costs ettd expenses�including ettamey48BS�Irtcrured ln ca,7acting such proceed�,then Irr tha menn9r -
<br /> . s-. - and/n the orde�pravlde0 hereln. , .
<br />.: ,.�:;���. B Preservadon snd Malntenanco of Trusi Properly.firsto�vdD keap the bu1f0'u�gs anAotherlmpra�amenb naw a hereafter erec8ad on Ute Ttust
<br /> }� Pmperlyr in Qood repab snd candidon snd will not commR or permtt wastei w01 not eRo�the daslg»or sductural cha/acter canstitutUtg srry buifdmg -
<br /> �`'�`�='='-"_�• now orheraaRere�actad on and canstihrtlrrg tAe T+vst PmepRy withor�t the prfor viritten consent of 8eneflciary,vd!lnot do arry eeto�thing whfcb � --
<br /> "-�':,u:y�r°�
<br />;.*,;,.,� a � vrould unduy fmpafr a tteprec/ate the valua of the Trust Properiy and wU!nnt abendon tAa,Trust Propetiy.Trustor wlfl not removs eny frxtur�s
<br /> .;�;,��.�; constitu8ng tAa Trust P►operry untess the same s�a immadlataly raplaced with lil�propeny subJect b tRo llen and securftylrrterest of Mts Qeea of
<br />_` ':'�;;:s=�� Trost end of atlesstequaJ valua end utU�fy.Tiustos wI0 compry w/M aJl prnsorif and lutdrd ordlnencea regcrfaBons and reQuihxnantsct a1ry .
<br /> .3=�Tr���,y,.� gmremmantal body whicA ers applicoMe to the Trust P�aperry snd to the acCUpangr and use thereol,O thls Oeod of Tiust Is an a unit!n a
<br />-:.;ur�:�;,�:� condamtnfum or e planne9unit devetopmar�Trusto�shsll perlorm all of Ttusmfa obJlg�rt(ons unCe�the UoclaraUons ar covsnsnte creat�ng or,
<br /> --'-`� ' " gayeraing the conCominlum or tha plann�d unR devalopmon4 tha bylfNis errd regulatlons of the candominlum o�p/anrted unit dawlqvmenf,and tho
<br /> -==-`.''��'s;° consiittrent dacumenta
<br /> _,N .�-�i,�
<br /> -- - 6!InspxNon.BeneRGary or Its agents may,at sll rgasansble t/mes�ente�upon the first Property tor the pwpose oflnspecflan.BeneOc/ary sha0 hatre
<br /> ----___-_ - no dury to maka sucAtnspectlon and aheU not be Oable ro Ttuctor or ro srry person fn possessioa!/it makes or fails to make arry suah fnspectlon.
<br /> — - lA P�otectlon ol Securlry.ll 7iustor ta(IS ro Refionn erry al the covenants end ayeements contelned In tAis Deed of 71ust or H any acUon or proceedirrg ..
<br /> �s corrtmerrrad whlch dces o►meysdvorsery e�fect 1he Tmst Properiyor the iniemst of Trustar or Beaetjc/ary therefi oi tne ti1le o!liusta tneratq,
<br /> - ihan BeneE�ciary,at!te opGon,r�ay peAorm such covenants and sgrosmsnts�maka such eppeerancea defena agaln�t and InvesYgate such ectlon
<br /> - - or proeaedln9 end talro sach oUrer actlon es Be�clary Ceems necessary to pratact 11slntorest frteludrng,bet not limfted ta�d`s+uusemeat o!
<br /> - masonaDla elWmey faas end entry upon�lra Trust Propary to maka rapelr�Any amarmts drsbursed by Beneflclary pursuartL�&?fl���p�ag,rePh 10,
<br /> --_ - - viiN(nterest ther�on,ahall constiNte Indebtetlness of Tiusfor�..�u�ed by tAls Dee9 o11)t�sx Unless Wsror end BeneAeary tr�Att���m3r tenns of
<br /> -=-- payment,such ama�s ahall be payeble upon noticg from Berit�TClary to tnc�:arraguesNng paymenf Mereal,end aha0 basr s:�'t-.J-a��?�csr►tAe dsto •
<br /> -- =�-_� al dlsbursemBr►t et tAe defeu/t Iet�H arryR Set/arU►!n U►e lJots�a othenvlse 2s the hlghest rate permltted by f�v.Nathlag coTr�i�d i,*,tR9 paragfaph
<br /> .�;�,z;;:,,r�� ahm�l wqu/re Beneflclary ro�ncurary expense or teke arry acUon hareunda�Tnrstar 1�rewcabtysutAOAies enaempavBrs Be���r ct�crrxirr�pon
<br /> —= — Ma Tiust Prope►ry as Trosm/a agent snd,In Tiusfo�s name o�oUrenviSB to pa�farm any sr�D sA covensnta snd sgresments 6�pa,IIerlorm�Q�y
<br />----- -=� Tiustm aq lrarein pfa�ided Bene!lclary ahsll,at!ts opUan,be subrogatea ro eiy encumDranaa,fien,cfa/m ar demen0 artd���rlghts snD seCUdtles
<br /> =_.,�;—,�,;y /or the paymerM themof pald or discharged by Benef/clary under the prov/slons hereaf and arry sucl�subrogatlon Hghta shall��d�tlonai��rd
<br /> ����"� cnmv/atrYa securNy for thls Qeed al Tiust -
<br /> ----_�����;��] tf. Condemnation.Tha proceeds al any sn�ard or Galm/or damagea diect a�consequerrtlal,in connect�on wTth erry condemnatlon or ofher talffPg e�lhe
<br />�-_➢=-�'_�� Trust Prope�ty,otatry part thereof,a lo�conveydnce in Ileu of orin anUGpaUon olconCemnatlo!►,ate Aa�eby esslgned t+o et►d shalf bepafd to � --
<br /> -.�____ �� . �eneffclary.ltusror wHl file srrd prosacrrlq fn good tsirA snd�dua diligertas,itsGaJm Por a�rysue►►awanl or payment,and Nn�eause the sarrre h�be
<br /> .�i x � cofJc�cted and pa(d M Benefk/ary,and,should it fail ro do aq Tnistorinevocab�y aufhor/zes and empaveis Benef/clary,ln the asme ol Tiusmr ar
<br /> _;;,_�� otharwlse�M lil�p�nsecute,settle or campmmisB any such claim and fo collacti recelpt toi snd mtaln the pmceeds.H ths Tlust Prape�ty b abandoned
<br /> _��,.�-�-F�� pyr 7lusror,or,eRer nodce by Berteficlsry ro Trosror that the conden+norofle�s to mal�an award orsettle e ctalm fo�Aamages�Tiustarfalts ro�spond lo
<br /> .,:.,-..,.. Benef�Clary tiviN►in thirry(30)deys�sfter the date sueAnoUce!9 mrfllod,Beneficfary!s authorized ro coUect turd eppy the proceeds In the marurer.
<br />�_"��:x:,;�:,�� � indJCated here/n.The praconds o1 eny avr�d orclelm mayt�ffiter doducUnfl sil ressonable costs and e�cpense�,lnc/udtng aKOmay fees whtrh mey hava _
<br /> "°��� � • �+' 6een Idcurred by Benoflciary(n the col,'ecUon thereoJ,et tho sole dkc�etlan of Seneliclary,ba ra/essed to Tiusto�applied M�estomtlon of Trust P�epe�ty, �,;
<br /> �°�`"""" '�• or eppfiod m 1he payment ot tAa lndabteahress U�nless Benefklary end ThrsUOr ofhenvlse sgrae In v�dUng.ery such applica�on oJprooeeds fo ' _
<br /> __';�=�s��-�.^'.: . :'
<br />:~:.. „.f.••;.�5 Indebt�dness shall not extend nr postpone tha dva dats ol Ute Noro or tAe payment of any Instaflmeras cal�ed la Urerarmde� _
<br />-:�•y�i�:'��`�'` �. 12. Tiusfi�Not Released.FaRUnston ot Ure 8ma for pay�mant or mad'dlcetlon ol sny smori/zatlon of 1Aa lndebi�dness granmd by 6ene/lclsry to any . _
<br /> � `` smpcessor/n lrrterest of 1lustor s�al/naf opemte to relaess�In erry manner,N911abiGry af Tiusror snd Tnrstor's successors in lnterast.Benet?ciary ahall _
<br /> ...,.,, nat bv rvquired to cammenca prooeed'mgs agalrxst such auccessor or rofuse to exrond tlme far pnyment or othonvlse modiry amorUzallon ol Me �..
<br /> �°°�''�� Indeblcdrress by reason o1 arry demand made by Tlusror errd 17ustoi's successora In k�te�ast F
<br /> :`� ,�',`�'�" f3, FinsncJal/nfarmatton Upon reAuest o!Beneflclary,fmsror wiD prov/de to 89noficiary,vAthln ntnery(90)days of Ne c/ose of each�sca!y9a�of W
<br /> ,�,...��;t-'_ ... Trastor,tho cansolldeted balance sheet and Statemenf of esmings of Tiustor snd alry snd alf guaranrors of the Indebtedness secwed hereb},!f arry, �
<br />`t�.��;''� • , and wiil pnovlde and deliver to Benaflclary sucb orher IlnanclaJ IMonneUon and In sucA man»er as 8enellclary may reasonabty request fmm time to
<br /> - •', uma
<br /> � Y'"f'"•" f4. Flnandaf Covenanta In aC�ilon ta sny othr�dinanc(a►covensnts ot 7lustormede;n eny other ag►eemeni,lrts,^ument or document Tiusror ahall
<br /> -- M;�k-
<br /> � •.�� � ' comp,ry ovith and shalf ceuse arry snd alf gaa�anrors of tt�s Dadabtedness secared hereby to compy wiih,or tre(n compiiart�with,tha foGaar"ng
<br /> ' � finar.a�.Jcovenants:(lhls a�ragraph shalf not appy N asr-��rts and requiroments are n��s;:tlorth here/n.) f
<br /> ' 1S� ScAe�uf9 oi Leeses Witr�:��en(f0)days eRe�demans Trr7�r shaU tumfsh W 8eneflclary a scheduf�ca�tified to by TiusMi'setNng forth el!teases (
<br />-=- � .`� � ot fRo Trusd Pro e ,or portlon tAeroof,lnc�uCing ln each cese,lhe pamo ot the tenanta ar occupants,a descdptton o1 the space occrrpied by • ;.
<br /> ;;.,� .� p�'�Y efi�
<br /> �'1 �' such tEyl�or occupant,the rental peyabfa fo►such apace,snd such ot�ru 1.�farmation and documenta v�ifh wspect ta such leases and te.�n�les ;
<br /> ,���'�'_.:_'_. as Bene.°f���ql may raasonabty request , �`
<br /> � r& Covanants o17�usfa►with Respect to leases Witl�out the pdor written consenf of 9enefrciary,Tiustor sltaII not ar�ectry a fidnsc►ry,wrrn respect m i
<br /> . • 8rry fease ol spaee!n the Tiust Propaqy,or any po►tton themof,whether sueH fease!s now or hereafter In existence. . �
<br /> �,
<br /> . . _ . . ;
<br /> ._., .
<br />_ , •
<br />
|