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$s 101062
<br />insurance premiums, ground rents. and all other Charges whatsoever levied upon or assessed, placed or ,-lade against the rrusr
<br />Property. Trustor further agrees. upon written request by Beneficiary, rr? promptly deliver to Beneficiary all receipts for the payment Ct
<br />such charges Trustor kkewrse agrees to pay all taxes. assESsments and other charges levied upon Or assessed. placed or made
<br />against, or measured by, this Deed of Trust or the recordation hereof.
<br />5 Application of Payments. All payments received by Beneficiary as to any debt. "ability 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 />r such payment shall be deemed applied first to the payment of any debt. liability or obligation other than the Note.
<br />E
<br />6. Charges; Liens. Trustor will keep the Trust Property free from all liens and encumbrances which in
<br />any way may, in the judgment of
<br />Beneficiary, have priority over. or impair the security of, !his Deed of Trust but Trustor need
<br />not discharge any such lien so long as
<br />Trustor shall agree, in writing, to the obligation secured by such hen in
<br />pay 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 foss of any interest in or
<br />part 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 m 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 inform acceptable to Beneficiary, provide that the same may not be
<br />cancelled or modified without bfteen !15) days prior written notice to Beneficiary, and shall have loss payable provisions m favor of and
<br />in form acceptable to Beneficiary. Ail premiums on insurance policies steali 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 (t,5i d;,,ys 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 ail
<br />renewat notices and all pad premium receipts received by it in no event shaft Beneficiary or Trustee be held responsible for failure to
<br />pay insurance premiums or for any loss Or damage arising out of a defect in any policy Or ansing 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 toss. Truster shall give prompt notice by .mar! to !hp insurance carrier and Beneficiary Benehclary may ,make proof of loss if not
<br />made promptly or in proper form by Trustor Al! policies o' insurance and any and ate refunds of uneamed premiums are hereby
<br />assigned to Beneficiary as addrtior,al .security for the payment of the Indebtedness. In the event of Beneficiary s exercise of the power
<br />Of sale contained herein. Orin the event of foreclosure, all right, title and interest of Frustor !n and to any insurance policy then in force
<br />shall pass !o the purchaser at the rustee s safe or foreclosure sale In case of any ions. the insurance proceeds may. at the option of
<br />Beneficiary, be applied by Benefictary upon the Indebtedness. or any ;,art thereof, and in such order and amount as Beneficiary
<br />may
<br />determine, Or said insurance proceeds, at the option (it Berehcvay may either be used in replacing or restoring the Trust Property
<br />partially or totaily destroyed tG a conchbon satisfactory to Beneficiary: or said insurance proceeds, or any pornon thereof, maybe
<br />released !o Trustor Unless Beneficiary and Trustor otherwise agree in writing, any such application of insurance proceeds shall not
<br />extend ci postpone the due date of the Note. or any installments called for !herein, or change the amount of such installments. 11 the
<br />rust Property is acquired by Beneficiary pursuant to the exercise, of the power of sale or other foreclosure. all right, tale and interest o;
<br />Trustor in and to any insurance proceeds pavanle ,as a result ci +Tr
<br />f damage to the us! Property prior to the sale or at qucs,tion shall pass
<br />to Beneficiary and shall be applied first !o the costs ane' expenses. !riclud;ng attorney lees. ,17curre(l rn collecting such proceeds, then
<br />rn the manner and in the order provided herein
<br />8 Preservation and Maintenance of Trust Property rrustor will keep the buildings and other improvemenfs now hereafter
<br />or erected on
<br />the *rust Prcper•v in good repair and cordition and h,ll nor rornmit or oernt;i waste. will riot alter the desiq^ or structural character
<br />constituting any building now or hereafter erected fir, and <:onshruting the crust Property i44hou! the Orior written Consent of
<br />Beneficiary, will not do any act of th±nq wnrch wpuld unduly impair or ,YE ore ciare IhE `rust
<br />value Gl;ne Proped, and will not abandon
<br />the Trust Property. Frustor will not remove any fixtures construtinq Trust Prcper,y
<br />the unless the same are rmnrediately replaced with
<br />like properly sublect to the her
<br />and security interest i'f this Deed of Trust and of at/ east equal value and utih!y Trustor w "dl con �vifh
<br />all and fr;fure
<br />prison! ordinances. regu}dhons and requirements ,�t arty governmerl!ai body wricn alai apphcat)ie to the Frost Prop(r!, -
<br />and to the occupancy and use thereof !f rhis Deed Of Trust is or, ,: unit ;n a condorninuim or a ,)ia, neu unit development, Ta; star r.a1;
<br />perform allot Trustor's obligations under the dectarahons Or r "Ovenants crea!rng or governing the condomimum Or the planned ..rill
<br />development, the bylaws and regulations of the ! cncfc>miniunf or pianned uni! development, and the constituent doci;rren!s.
<br />9- inspection Benehclary or ir, agents 7lay, at all red ionabie times filer upon the Trlis! Proper.' i r the pU!pOSe Gf ! 1,
<br />peCttOn
<br />Beneficiary shall have no ity rc, make suc 1, r,spechOrl fb iT Shall •vii he 1 %able 'G TrUSror )r 'O a . ±r, p0Sses s,on It !t maxis
<br />11) Dr
<br />fails to .make any such r,nspectron
<br />it,'. Protection of Secunty It trustor fails to rre.rform any o! the C!over,atit5 and ,IgrPefrents co tai ?ed is this Deed of 7,usi, cr if any acrion
<br />or proceeding :s cumrhenceid wnrch r7i;es or may adverseiy lffec! .•he trust Pr,per^✓ U .•!!e �nferest of Trustor Cr aenef,clar thereto
<br />✓ or
<br />the brie of -rustor thereto, !hen RenPhclaliv, iV •ts i rl r> may perform "ucli .enan! : and agreemen ; make Such al) earances,
<br />defend against and investigate suer action or F o eediny and take sue o! +rr ichon is Benefic;ariv deenis necessary rL Drotec!
<br />rrs
<br />interest mciudtng. but no irmrteo tc, disbur,.emen , reason r ,ie itto ney fee " ,fnd en r ii on fin 1 ust Property o make rf >parrs Any
<br />amounts disbursed b✓ Berehcia.ry pursuant to, ,h•s Oaragraph 1 '. with iritere st ! hereon, snau corr!irWe lndet?tedr;e's of Trustor
<br />secured by this Deed of Trust Unless .r ',,r and Berief.-ciarf agree to ;e r rms r,! ocivrrenr sucr amounts shalt be payabie upon
<br />notice from Beneficiary to Trustor requesting Dayment ;!reraof _no Snai bear ,,eras! 'Fort !ne Irate of disbursement at the detaulf rate.
<br />4 any, Set forth !n the Note. or otherwise at he n q ,Est rate permt,7eci by law Nothing contaerec; m thts paragraph shall requ re
<br />Bener(ccarV tc incur any expense or Iatir ni ' act cn hereunder Trustor rrrev(i
<br />_ -"biy au tl razes ar rI empowers Beneficiary to enter
<br />file Trust Property as Trustor s agent and Trustor
<br />.n s name or otherwise to ; e !Orin any and an covenants and agreements to he
<br />pet- formed by Trustor as herein provoed Benehc,ary shah at its be
<br />opt,Or;. subrogaterl io any encumbrance_ Per, cairn Or demano
<br />and to all fights and securities ir)r the (i a merrr .he o! Raid Or O.Sr Barged by Benehc
<br />-a i vnoer 'he provisions :hereGt and any cuff}
<br />subrogation rights shall be additional ant. ,_umu -alive security nor this Deed c! 7,-US!
<br />' 1 Condemnation The proceed i( any awarol or ai v damages - ,re(.! sr eq ,enr.ai �n ,.:prnei7ron w h 3 i conCerr.r. 1 it.-^
<br />;:r
<br />Ocher taking of !,he Trus; PIGt Pr^ .!r a v par, h( rP nnveyan f "r t•cu ,f r r an r ,Cat c n of conoern!7a,,iOr, a e
<br />r
<br />assigned to and shall be Gard o Serf cra y ..or' vii; "ie arc pr .,ecu!e n „von -; 'a,th and with ire :: r er � �!s n +;, ^
<br />_. _!a,, it s
<br />award or payment, 3rd will 3 e hr, fi e Pec!e na Sc—efc!ariv and r v, r
<br />s O fv c t
<br />urhorizes aril am C we rs Bcr a cfr, r - /
<br />F1 ria P f t ��Sr(, : r P l4 S -. +7 !f.
<br />r(;C L _rrr( ..( t' .e S
<br />o -Oilec.. oCerpr for and earn the pro crier's , ne , st P,.)b rt+ T
<br />a7a,,doner ray )sir �r_ tier ,cr e de fie! :r, < Gr
<br />.hat the cro rdernror r tiers ro naxe air char l -r etfr f 1 m rO lanr iq - rruV(1r r
<br />,i , i,,s +-sj ! n. to Her r f c , w trio
<br />after the dale ; uch r or S 71a,lpo, tSer r (� air t r U f
<br />6 e f 3 i iT l" rt "r le 3r iji( :iron` re r r tiro
<br />proceeds )r any awdr . ), g aom may a"f et. f r
<br />'t ai+ e a.r r t , e C "Ists :,, r Y -t r r•tic d e e Pe;
<br />i i C li'r lave
<br />beer! incurred! by BerE ".Gar r n -. -, cc .r. !he,eU! at a oie or f..r.,n • Be..IehC t y lilt 3aCd l
<br />,)e r, ...t or ;.
<br />c c
<br />resrOraL'cr of Frost Property, ipp',e n t fyn [ r cr the Br Pr i
<br />3.,. -i , s1 . r •f4 tit f d r .i
<br />any such appacafww f Nees
<br />• /;J � r` i, .'t t.ra. ^.j r'f \_ .1 ,fir ". (?f`!' � G: ,..! .,.E .,'_ F ! '1rf!!P
<br />rstailmens .:aNa :? rc +ntrrv_Junrter
<br />�.! If$!fl! Nv' jiEra_flSeiJ tf.'fitil(n r trio n i f.,r l fY: .Or7r 1 ,)_` -,j lii'� . :. r• of -
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<br />"i dnv tereSf I I 1 +r_'r a 1 ,(•+ t Pr 3 E '. rf ySe. n
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<br />>rne w+sr n d,t,•.1 _ -tire il. Pn Pri•rr >.. , ea_, r,rn. r. :Inn <:._ :�r +,�•,
<br />n r0!ervs� .. ,
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