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<br />insurance premiums. ground rents, and all othe h r s ever levied upon or assessed, placed 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 at! taxes, assessments and other charges levied upon or assessed, placed or made
<br />against. or measu,•ed by, this Deed of Trust or the recordation hereof.
<br />5. Application of Payments. All payments received by Beneficiary as to any debt, liability or obligation owed to Beneficiary by Trustor
<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 shall be deemed applied first to the payment of any debt, liability or obligation other thari 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 />Beneficiary, have priority over. or impair the security of, this Deed of Trust but Trustor need not discharge any such lien so long as
<br />Trustor shall agree, in writing, to pay the obligation secured by such lien in a manner acceptable to Beneficiary and shall 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 />pan 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 shall 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 shall have loss payable provisions in favor of and
<br />in form acceptable to Beneficiary. Ali premiums on insurance policies shall be paid in the manner provided under paragraph 4 hereof
<br />or, if not paid in such manner, by Trustor making payment at least fifteen (15) days prior to the due date, directly to the insurance
<br />carrier. Beneficiary shall have the right to hold the policies and renewals thereof and Trustor shall promptly furnish to Beneficiary aX
<br />renewal notices and all paid premium receipts received by it. in no event shalt Beneficiary or Trustee be held responsible for failure 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 evert
<br />of loss. Trustor shall give prompt notice by mail to the insurance carrier and BeneAciary. Beneficiary may make proof of loss 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 fore
<br />shall pass to the purchaser at the trustee's sale or foreclosure sale. in ease of any loss. the insurance proceeds may, at the 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 either be used in replacing or restoring the Trust Property
<br />partially or totally destroyed to a condition satisfactory to Beneficiary; or said insurance proceeds- or any portion thereof, may be
<br />released to Trustor. Unless Beneficiary and Trustor otherwise agree in writing. any such application of insurance proceeds she not
<br />extend or postpone the due date of the Note, or any installments called for therein. or change the amount of such instal)mer:ts. M tfrre
<br />Trust Property is acquired by Beneficiary pursuant to the exercise of the power of sale or other foreclosure, aft right. We and interest of
<br />Trustor in and to any insurance proceeds payable as a result of damage to the Trust Properly prior to the sale or acquisition shaN pass
<br />to Beneficiary and shall be applied first to the costs and expenses, including attorney fees, incurred in collecting such proceeds, then
<br />in the manner and in the order provided herein.
<br />8. Preservation and Maintenance of Trust Property. Trustor will keep the buddings and other improvements now or hereafter erected on
<br />Me Trust Properly in good repair and condition and will not commit or permit waste, will not after the design or structural character
<br />constituting any building now or hereafter erected on and constituting the Trust Property without the prior written consent of
<br />Beneficiary, will not do any act or thing which would unduly impair cr depreciate tie value of Lire Trust Property and wa nor abandon_
<br />the Trust Property. Trustor will not remove any fixtures constituting the Trust Property unless the same are immediately replaced amm
<br />like property subject to the Lien and security interest of this Deed of Trust and of at least equal value and Lia?ity. Trustor A-9 ns r
<br />all present and future ordinances. regulations and requirements of any governmental body winch are applicable m the Trot P Operpy
<br />and to the occupancy and use thereof. If this Deed of Trust is on a unit in a condominium or a planned unit devekpmer £ T,nsstor what
<br />perform all of Trustor's obligations under the declarations or covenants creating or governing tree condommnum or the planned oarit
<br />development, the bylaws and regulations of the condominium or planned unit development, and the constituent documefirs_
<br />9. Inspection. Beneficiary or Its agents may. at all reasonable times. enter upon the Trust Properly for the purpose of mspecti rr.
<br />Beneficiary shall have no duty to make such inspection and shaft nor be habfe to .Trustor or to any person in possession if =t mattes or
<br />fails to make any such inspection.
<br />10. Protection of Security. If ,Trustor fails to perform any of the covenants and agreements coma d in this Deed of Trust, or of wV acam
<br />or proceeding is commenced which does or may adversely affect the Trust Property or tie interest of Trustor or Beneficiary thereat or
<br />the We of Trustor thereto, then Beneficiary, at its option. may perform such coveenants arty agreements. make such appearances.
<br />defend against and investigate such action or proceeding and take such other action as Beneficiary deems necessary to protect is
<br />interest including, but not limited to. disbursement of reasonable arromey fees and envy upon the Trust Property to make repairs. Any
<br />amounts disbursed by Beneficiary pursuant to this paragraph 10, with interest thereon, shall constitute Indebtedness of Trustor
<br />secured by this Deed of Trust Unless Trustor and Beneficiary agree to other terms of payment. such amounts shaft be oavab+e upon
<br />notice from Beneficiary to Trustor requesting payment thereof, and shall bear interest hrom tie date of disbursement ar the defer rate.
<br />if any, set forth in the Note, or otherwise at the highest rate permitted by law. Nothing contained in this paragraph shaff regcvre
<br />Beneficiary to incur any expense or take any action hereunder. Trustor irrevocably authorizes and empowers Beneficiary to eater upon
<br />the Trust Properly as Trustor's agent and. in Trustor name or otherwise to perform any and all covenants and agreem� to be
<br />performed by Trustor as herein provided. Be.nehcrary shat,, alas option. be subrogatied to any encumbrance. lien. claim or demand
<br />and to all rights and securities for the payment thereof pad or discharged by Beneficiary under the provisions hereof and any such
<br />subrogation rights shall be additional and cumulative security for this Deed of Tn •st
<br />11. Condemnation. The proceeds of any award or claim for damages. direct or consequential. in connection with any condemnation; or
<br />other talang of the Trust Property, or any part thereof, or for conveyance in lieu cf or in anticipation of condemnation, are hereby
<br />assigned to and shall be paid to Beneficiary. Trustor will file and prosecute, in good farm and with due diligence, its clam for any such
<br />award or payment, and will cause the same to be collected and paid to Beneficiary, and, should it fail to do so. T•nrstor irrevocably
<br />authorizes and empowers Beneficiary, in the name of Trustor or otherwise, to file. prosecute, settle or compromise any such clam and
<br />to collect. receipt for and retain the proceeds. If the Trust Property is abandoned by Trnwtor. or, after notice by Beneficiary to Trustor
<br />that the condemnor offers to make an award or settle a claim for damages, Trustor falls it respond to Beneficiary within flirty (30) days
<br />after the date such notice is mailed, Beneficiary is authorized to collect and apply the proceeds in the manner indicated herein. The
<br />Proceeds of any award or claim may, after deducting all reasonable costs and expenses, including attorney fees, which may have
<br />been incurred by Beneficiary in the collection thereof at the sole discretion of Beneficiary, be released to Trustor, applied to
<br />restoration of Trust Property, or applied to the payment of the Indebtedness. Unless Beneficiary and Trustor otherwise agree in writing.
<br />any such application of proceeds to Indebtedness shall not extend or postpone the due date of the Note or the payment of any
<br />installments called for thereunder.
<br />12. Trustor Not Released. Extension of the time for payment or modification of any amortization of the Indebtedness granted by Beneficiary
<br />to any successor in interest of Trustor shall not operate to release. in any manner, the liability of Trustor and Trustor s successors in
<br />interest. Beneficiary shall not be required to commence proceedings against such successor or refuse to extend time for payment or
<br />otherwise modify amortization of the Indebtedness by reason of any demand made by Trustor and Trustor's successors
<br />in ! nterest
<br />13. Financial information. Upon, equest of Beneficiary, Trustor will provide to Beneficiary, within ninety (90) days of the close of each fiscal
<br />year of Trustor, the consolidated balance sheet and statement of earnings of Trustor and any and all guarantors of the Indebtedness
<br />secured hereby. if any, and will provide and deliver to Beneficiary such other hnancia�tnformatron and In such manner as Beneficiary
<br />may reasonabty request from time to time.
<br />14. Financial Covenants. In addition to any other financial covenants of Trustor made in any other agreement. ,nstn,rnent or cocunient.
<br />T•ttStOr Shall comply with and shall cause any and alt guar3nlors of the Indebtedness secureo ,hereby to comply with_ or be in
<br />compliance with, the tollowing financial covenants (This paragraph shall not apply,t covenants and requirements are not set
<br />for, herein,
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