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<br />Insurance premiums. ground rents, at1 nthe- per 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 ail receipts for the payment of
<br />! -uch charges Trustor likewise agrees to pay all taxes, assessments and other charges levied upon or assessed. placed or made "
<br />3gaa ^sf, or treasured by. this Deed of Trust or the recordation hereof
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<br />S. Application of Payments. All payments received by Beneficiary as to any debt, liability or obligation owed to Beneficiary by Trustor
<br />[3 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 />t 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, liability or obligation other than the Note.
<br />i fi. Charges. Liens. Trustor will keep the Trust Property free from alt liens and encumbrances which in any way may, in the judgment of
<br />E 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 />Truslor 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 hen and the foss of any interest in or
<br />pan of the Trust Property,
<br />5 T: Hazard Insurance. Trustor shall keep the buildings and other improvements now existing or hereafter erected on the Trust Property
<br />insured by insurance carvers 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 (1k) days prior written notice to Beneficiary, and shall have loss payable provisions in favor Oland
<br />in form acceptable to Beneficiary. Ail premiums on insurance policies shall be paid in the manner provided under paragraph 4 hereof
<br />Or. it not paid in such manner, by Truslor making payment at least fifteen f i 5) days prior to the due date, directly to the insurance
<br />tamer. Beneficiary shall have the right to hold the policies and renewals thereof and Trustor shall promptly furnish to Beneficiary all
<br />renewal notices and all paid premium receipts received by it In no event shall Beneficiary or Trustee be held responsible for failure to
<br />pay insurance premiums or for any toss or damage arising 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 carrier and Beneficiary. Beneficiary may make proof of loss d 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 Me Indebtedness- In the event of Seri eiiciary`s exercise of the poster
<br />of sate contained herein. or in the event of foreclosure, alf right, tide and interest of Trustor in and to any insurance policy thins in force
<br />shall pass to the purchaser at the trustee `s safe or foreclosure sale. In case 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 therigof. may be
<br />released to Trustot. Unless Beneficiary and Truslor otherwise agree in writing, any such application of insurance proceeds shalf not
<br />extend or postpone the due date of the Note, or any installments called for therein. or Change the amount of such it 5tattrrnantS. ff fftE
<br />Trust Property is acquired by Beneficiary pursuant to the exercise of the power of saie or other foreclosure. all right We and irdwest of
<br />Trustor in and to any insurance proceeds payable as a result of damage to the Trust Property prior to the sale or acquisiban shaft case
<br />to Beneficiary and shall be applied first to the costs and expenses. including attorney fees, incurred in cotleczrng srxh proceeiis. b'terl
<br />in the manner and in the or der provided herein
<br />8. Preservation and Maintenance of Trust Property . Truslor will keep the buildings and other improvements now or hereafr : erected on
<br />the Trust Propeny in good repair and condition and wtil not commit or permit waste, will hot alter sire design or structural character
<br />constituting any bidding now or hereafter erected on and constituting, the Trust Property without the prior writ ten consent of
<br />Beneficiary. will not do any act or thing which would unduly impair or depreciate the value of the Trust Property anot wilt iot abwxkx? .-
<br />the Trust Property. Truslor will not remove any lrxnires constituting the Trust Property unless the same are immediately replaced
<br />hke property subject to the lien and security interest of this Dead of Trust and of at least aquaf vat and tTflity Tars tyr will cpmisfv witlr
<br />all present and future ordinances, regulations and requirements or any govemmentat body which are app4cattke tri ttte Trust Prepertp
<br />and to the occupancy and use thereof tf this Deed of Tnist rs or a unit in a condomihom or a planned ,unit development: Trustot
<br />perform all of Truslor s obligatlons under the declarations or covenants 'creating or govemirg the condominium prthapfavarnedW*
<br />develbinment the bylaws and regulations of the condormni , or planneo ime development, and the Constituent tkacuments.
<br />g. inspection. Beneficiary or its agents may, at aff.reasonable trines, enter upon the Trust Property tdr sfie pprp:mse of inspector,
<br />Beneficiary shall have no duty to make such mspectforr, and shafF Oat be iratiiti to Trustor or to airy rersor in poss t ^ateS Or
<br />falls to make any such inspectrnn
<br />. t,0,. Protection of Security. if Truslor faits to perform any of the if?venarztS and agreements coritairsed in the Deed of T usf nr rf any 3ciaon
<br />or proceeding is commenced wfsch does ern may advarse y zffe4t tr e Tess' Property or the interest Of Trustor or Beneficiary therein gr
<br />the title of Trustor thareto, then BenefrClary, at &- rip lion, may perform s ch cOrwenams and agreements, make sash appeararim
<br />. derend against and investigate such action or -Proceeding and we su:,.r Omer action as Beneficiary deems necessary to, Project ifs, -
<br />inrerest rncludrng, but nor limited to. d :,b isement a reasonabho aiiarne y fees and array unpin the Trust Property to ynake repairs, Any
<br />amounts disbursed by Beneficiary Pursuant to trvs paragraph T,,,, ;vim rmeresr thereon, shaft constitute
<br />indebtedness of Trustor
<br />secured by this Creed of Trust Unless Trusto and Berrehcaary agree to other terms of payment, s vo amounts shale be payable upon
<br />notice from Beneficiary to Trustot requesting payment mweof. and ~1 beat i - terest from the date of disbtfrsesr!ertat!he deft. are,
<br />rf any, set forth in the Note, or otherwise at me highest rate per:x Filed by taw . Nothing contained rri tins paragraph shalt require
<br />Berieforary to incur any expense or take any aclro±r heeu rider Trsasror . ewrcabry authorizes and empowers Ber?ehciary to enter upon
<br />the Trust Property as Trustof s agent and ir, Truslor s name or Otherwise =o perform any and air covenants and agreeniamsid be
<br />performed by Trustor as herein provided Beneficiary snafu. at ifs option be suorsgated to any erncurnbrama. (ten, claim or ,demand
<br />and to all rights and securities for the payment thereor paid 0. 1 by Beneficiary under lire provisions bereaf and any SWP
<br />subrcgaaon rights sham be additional and ctflnue a? ve security .o Iris Oeerd 0 'rust
<br />It Condemnation The proceeds of any award or ciaarn for damages, Omecr or consequential. rn Connection with any conaermation of _
<br />Other taking of the Trust Property, or any part thereof, of for eoriveyxnce :n rr±u Of Of In aPOCipation of condenxnarson, are hereby
<br />assigned to and shalt be paid to Benekc any Trustot wail fire a,to prroreca!e. ?rr good farth and with due dikgence, its claim, loon arry such
<br />award of payment and wail cause the same, to be COIAecred and paid to Senelicutrry, mid, snnOU(d n fa ma c sit Tr std t ei ]eabty
<br />autnortzes and empowers Beneficiary. ary`. 9 the name of Truslor 0VVfwtse, to fire. prosecute. settle or compromrse any such ctalm and
<br />to collect receipt for and reta +n the proceeds If the T rust Preperry �lt abandoned oy Trustor, or after notice by to v .o T'n sror
<br />that the Condemnor offers to make an award c settle a iiaim to, damages. Truslor tali rc, respond to 9erre#_,arj x:. an tiny f301 days
<br />after the date such notice ,s marled, Bef ehcisry is authorized to codwi and app,'r the proceeds ,n true manner tnaI cateo Herein. The
<br />Proceeds Of any award Of Clam may. after deducting all reasonabia casts and expenses: irictuding attomey "ties, a h rr ar have
<br />tart =ric�:trea by Beneficiary the szuec:r on aRe«ecif. atone sole drscretxxz of Beriettcrary. be released to Trustor, abjp**d to
<br />a Tiu-sr nropef�;y -a ilovoi to tote paymer}. .; 1v Lncievfednass Unless Beraeficraryf and Trustot or, raise agree ar`- ±r:ritihp
<br />.any such appfrCatron of pruraads to ;noabtednrtss sna,, rater extend ,� postpone the clue date of ttra f.+,3te of he pv'rr'>r*rrt Of ant,
<br />called for theteurrder
<br />t2, Trusicv Nor Released. Extension ?f p re ire for payment or naoditatinri of any amonizaWn of the Indebtedness granrea bk seneh,�4arf
<br />M ant successor in orterest of Trustot S tail 104 OPerattr to release, -n any manner. the Sabihry of Trustot and Trusaar s sticcessurs ro
<br />interest Beneficiary, srtai,° n ar c ;equi.led ro cO rrrnen e pro[ eeding5 against such syrceassor or :ratuse tw errgntf rrtc i r ay r o
<br />otrrryrvrse .nr�iiity amornza"Wi of the ii lebteaross by reason 0f ar-y dmrmanb made by T :rusius 3oij T. `srrk 5 Fui g, ?sc; rs-
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<br />year ;' t rustor the !aarso&rnate x tar ar re sae et an Y staterna. , e :r r air» age c' `rustrr gran any ano ai g ta. artta , _ .'�e zit f ,,.r,r .ties
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