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<br />insurance premiums, ground rents, and ai other charges whafscever levied u fd i —101 " O O
<br />rg pon or assessed, iced or made against the Trust
<br />Property. Trustor further agrees, upon written request by Beneficiary, to promptly deliver to Beneficiary all receipts for the payment of
<br />such charges. Trustor likewise agrees to pay all taxes, assessments and other charges levied upon or assessed, placed or made
<br />an a inee, Or moacitroti h this ll-_nd of Trrc: a.' It? e recardatioIt hereof
<br />5. Application of Payments. At/ payments received by Beneficiary as to any debt, liability or obligation owed to Beneficiary by Trusto
<br />may be applied by Beneficiary to the payment of the Indebtedness or to any such other debt, liability or obligation, in any order or
<br />manner of application which Beneficiary, in its absolute discretion, deems appropriate. Unless otherwise elected by Beneficiary, any
<br />such payment shalt be deemed applied first to the payment of any debt, iiabifity or obligation other than the Note.
<br />6. Charges; Liens. Trustor will keep the Trust Property free from all liens and encumbrances which in any way may, in the judgment of
<br />Bereeficyary, have pnorrty over, or impair the security of this Deed of Trust but Trustor need not discharge any such lien so long as
<br />Th-Wor shall agree, in writing, to pay the obligation secured by such teen in a manner acceptable to Beneficiary and shaft in good faith
<br />contest such Lien by appropriate legal proceedings effective to prevent the enforcement of the lien and the loss of any interest in or
<br />parr, of the Trust Property .
<br />7. Hazard insurance. Trustor shall keep the buildings and other improvements now existing or hereafter erected on the Trust Property
<br />insured by insurance carriers satisfactory to Beneficiary against loss by fire, hazards included in the term "extended coverage" and
<br />such other hazards, casualties and contingencies as may be required by Beneficiary, in such amounts and for such periods as may be
<br />required by Beneficiary. The policy of insurance shalt be in form acceptable to Beneficiary, provide that the same may not be
<br />cancelled or modified without fifteen (15) days prior written notice to Beneficiary, and shalt have loss payable provisions in favor of and
<br />in four acceptable to Beneficiary . All premiums on insurance policies shall be paid in the manner provided under paragraph 4 frereol
<br />or, A not paid in such manner, by Trustor mating payment at least fifteen (15l days prior to the due date, directly to the insurance
<br />carver. Beneficiary shall have the right to hold the policies and renewals thereof and Tnuslo shall promptly furnish to Beneficiary aB
<br />renewal notices and all paid premium receipts received by it. In no event shall Beneficiary or Trustee be held responsible for fadrre to
<br />pay insurance premiums or for any loss or damage ansing out of a defect in any policy or arising out of any failure of any insurance
<br />company to pay for any loss or damage insured against or for failure by Trustor to effect the insurance required hereunder. in the event
<br />of loss. Trustor shall give prompt notice by mail to the insurance camer and Beneficiary. Beneficiary may make proof of kss it not
<br />made promptly or in proper form by Trustor. All policies of insurance and any and all refunds of unearned premiums are hereby
<br />assigned to Beneficiary as additional security for the payment of the Indebtedness. In the event of Beneficiary's exercise of the power
<br />of sale contained herein. or in the event of foreclosure. all right, title and interest of Trustor in and to any insurance policy then in force
<br />shall pass to the purchaser at the trustee's sale or foreclosure sale. in case of any loss. the insurance proceeds may, at ,fie option of
<br />Beneficiary, be applied by Beneficiary upon the Indebtedness, Or any part thereof, and in such order and amount as Beneficiary may
<br />determine; or said insurance proceeds, at the option of Beneficiary, may ether be used in replacing or restoring the Trust property
<br />parttaily Or totally destroyed to a condition satisfactory to Beneficiary. or sad insurance proceeds. or any portion thereof, may be
<br />released to Trustor Unless Beneficiary and Trustor otherwise agree in writing, any such appkcabon of insurance proceeds shall not
<br />extered of postpone the due date of the Note, or any installments caved for they rn, or change the amount of such installments . ff the
<br />Trust Property is acquired by Beneficiary pursuant to the exercise of the Power of sale or other foreckisure, all right, We and r4mw of
<br />Trustor in and to any insurance proceeds payable as a result of damage to the Trust Property prior to fie sale or acquisition shalt pass
<br />to Beneficiary and shall be applied first to the costs and expenses. irtdudtng attorney fees, incurred in collecting such proceeds_ then
<br />:n Me manner and in the order provided herein -
<br />8 Preservation and Maintenance of Trust Property. Trustor will keep the &Wck a_S and other improvements now or hereafter erected on
<br />e Trust Property in good repair and condition and will not commit Of pemxt waste will not after the design or structural otharacier
<br />constituting any building now of hereafter erected on and corm t trig the Trust PropF�rty without the prior written consent of
<br />Beneficiary. will not do any act o timing which would unduly impair or aecvecra?e the value of time Trust property and wrX not abandon
<br />the Trust ProtoerlY. Truster will not remove any fixtures constituting the Test Property unless the same are immediately replaced widi
<br />kke property subject to the ken and security interest of this Deed of Trust acid of at least equal value and utility- Truusloi, will cw papr w3M
<br />al present and ho ure ordinances. regulations and requirements Of any goverrnerttal body which are applcabhe to the Trust Pop"
<br />and to the occupancy and use thereof if this Deed of Trust is en a unit in a or a planned unit development, Trustor she/
<br />Perform all o Trustor's obligations under the ofeGarabors o covermar -s ueaang or governing the condominium or the ptarrmed ur#
<br />development the bylaws and regulations of the condomenrum or planned urif development, and the conshhtent documents
<br />9. Inspection. Beneficiary or Ms agents may. at all reasonable tunes. enter upon: the Trust Property for the purpose of inspection.
<br />Beni-Iiccfary shall have no duty to make such mspectmon and shall not be liable to T nuslor or Po any person in possession rf it makes or
<br />fans to make any such inspection.
<br />10. Pr:?tecbor of Security if Trustor fails to perform any of the cayena m1s and agreements roman in h'ks Deed of Trust or rf any action
<br />or proceeding is commenced which does or may adversely affect the Trust Properly or the interest of Trustor or Beneficiary therein or
<br />the tide of Truster thereto. then Beneficiary. at Its option, may perform stsch corvvenants and agreements. make such appearances,
<br />defend against and investigate such action or proceeding and tare such other action as Beneficiary deems necessary to protect as
<br />interest including. but nor kited to, disbursement of reasonable attorney fees and entry upon the Trust Property to make repairs- Arty
<br />amounts disbursed by Beneficiary pursuant to nays paragraph .T writ rmterest thereon. shall consnhute Indebtedness of TrurSor
<br />secured by tiers Deed of Trust. Unless Trustor and Beneficiary agree to other terms of payment such amounts shy be payable upon
<br />notice from Beneficiary to Trusttr requesting _yrner;l thereof and bear =interest from the date of disbursement at the ciefato raft
<br />if any, set farts in the Noe. Or otherwise at the highest rare pemxtted by taw. Nothing contained in thus paragraph shall require
<br />Beneficiary to incur any expense or take any action hereunder Trustor irrevocably aurlionzes and empowers Beneficiary enter 14"
<br />the Trust Property as Trustor s agent and. In Trustor s name o use Po perform arny wi aft covenants and agreements to be
<br />Performed by T. =castor as herein provide t C� oars �+e a rog any encumbrance. ken, Gain or demand
<br />s .:. • �. ..� c:wrr, z`>C auer algid t6
<br />and to alf rights aria secunbes for the payment thereof paid or discharged by Beneficiary under the provisions hereof and any such
<br />sutrogatror; rights shay, be addrtonal and curmuiabve sec for ttus Deed of Trust.
<br />11, Condemn~ 'he proceeds Of any award or claim for damages, direct or consequential. in connection with any condemnation o
<br />other taketg of time Trust Property. or any part thereof or for conveyance in lieu of or in amfcipabo n of condemnathon, are hereby
<br />assigned Po and shat be paid ro Pwneficiary Trustor will fie and prosecute, m good forth and wilt due diligence. its claim for any Sint
<br />award o payment aid will cause the same 10 be caiecred and paid to Beneficiafy. and. should r fat to do so. Trustor irrevocably
<br />au tmcrries and empowers Beneficiary. in the name of Trusnar Or otherwise, to file, prosecute. settle or compromise any such clam and
<br />10 collect receipt for and retain the proceeds - If the Trust Property is abandoned by Trustor. or, after notice by Beneficiary to Trustor
<br />that the sonde mxv otters to mace an award or set-me a oar; for damages. Trustor fails to respond to Beneficiary whirr thirty (30) days
<br />after the date sic^ notice is mailed, Beneficiary is autnonzea re collect and apply the proceeds In the marrtEV rrtdecacW tterern Time
<br />been incYried a claim may, after deductir g aN reasonable costs and expenses, inclutfrrig attorney lees, which may have
<br />LY Beneficiary in the crt6echor thereof, at the sae discretion of _° - - -i- - ho
<br />r tf Trot Property, o applied to the payment of the lndebe edrmess. Unless Beneficiary and Trustor otherwise agree in writing.
<br />"such CWplCation of proceeds to Indebtedness shaA' act extend or posipone the due date of the Note or the payment of any
<br />nsrawnem called for thereunder.
<br />12. Trustor AW %based cxtunsaon or the nine for payment of modification t>f any amortization of tie Indebtedness granted by Beneficiary.
<br />Po arty successor in interest of Tncstor shah rat operate to release, in any manner. the lability of Trustor and Trustor s successors in
<br />interest Benefrclary shoo not be required to commence proceedings against such successor Or refuse to extend tine for payment or
<br />otherwise modify amorhzat -n a the Indebtedness by reason of any demand made by Trustor and Trusto s successors
<br />n interest
<br />13. Frnar'c" k 4`r 61lQ0 Upon request of Beneficiary, Tnustor wN pravmde to
<br />Of T tea►, wit nWntW . .- days of the Close d each ks at
<br />Ye rusior. tae corisaldatecl tmeYarirp sltrawt air+ ct�rp /.,.�.n .a 4�,.,a, �.. - � n;.• wn. c:< mry an
<br />SOC~ here d '1 _Wardntor5 t u rite Inti@oreoness
<br />aY ones earl time provide and delver to Benelcrary such other financial information and in such manner as Beneficiary
<br />may r»a�vtably request from Wrma Po time such
<br />Frxarmcial C;uvertarmts to iiClydtrrxt to airy other financial covenants cut 7rustcv made In arry tatter agrPemrvnt. instrunrCar, (x dttt-urmnt
<br />r1usA7r shoe rrrripty with ante shall cause any anti all griarantors of the Indebtedness secured N"bv to rtxnpty writ. n/ 1)'l Nn
<br />1,'N"r*a1tce writ- the kO)w/rtq hnww,*,W covrxtants (1lns paragraph shag runt rf
<br />*01h rwwf rn) i31tfNY coverRanrs ,rnti rrrqurnartenfs ate ,001 sex
<br />15 5tYrr tar r:d i e uses Witnn urn i ft)1 rPay5 after rhr tarot! /ntstrr ahAl (trrrxch kr t�rr ebr,a y , aYuvliy r , r' +tit :e ^„ to [,r 7rrsirw :r^nxt4
<br />lv;' /e .�f k'f:tSRS t}i !%Ye InJ't'i' f'rftjYxly. rN .u1y Jtdarti{)ii tti6?rrr{rt, fti(;/r)(trrM,T In tt rt t , -75r ik �ttinx 17M. in r�,i, 1r ^, ,u : K r rri r,tr it r Y --tit f,r �'It y,
<br />of ftor, a rx ' I,Jw ry t,y vex h rr *midi r>r rx.t, nParu ON, /ryifEli payahk Gs ax.h ^,i t:a . -t; -ea r..,if >, •r .urn vtnain v, ,hr.t =4, a unvaNti wliP
<br />/YEj NN ! 4r .[N -h #rrri ate= :pTiet Ff1yi. y.r[sg; d', I11HeM�/eruy ...4#v rnii, °..t Met)l fly nktlxt'�?
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