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insurance premiums, ground rents, and all other charges whatsoever 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 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 />0 5. Appicabon of Paynxtro. All payments reeved by Beneficiary as to any debt, liability or obligation owed to Beneficiary by Trustor
<br />0
<br />May be applied by Beneficiary to the payment of the Indebtedness or to any such other debt, habllity or ob ligation, in any order or
<br />manner of app cation 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 than the Note.
<br />in 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 />00 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 shah 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 hen by appropriate legal proceedings effective to prevent the enforcement of the lien and the loss of any interest in or
<br />part of the Trust Property.
<br />7. Hazard Insurance. Trustor shaft 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 ( 15) days prior written notice to Beneficiary. and small have loss payable provisions in favor of and
<br />in form acceptable to Beneficiary. All premiums an 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 05) days prior to the due date, directly to the insurance
<br />carver. Beneficiary small; have the right to hold the policies and renewals thereof and Trustor shall promptly fumish 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 prerritums or for any loss or damage arising out of a defec! 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. Benefit ;ary may make proof of loss if 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 evert of Beneficiary's exercise of the power
<br />of sale contained herein, or to the event of foreclosure. all right. title and interest of Trustor in and to any insurance policy then in force
<br />Shall pass to tine purchaser at the trustee s saie or foreclosure sale. in case of any ioss, 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. rir said insurance proceeds. at the option of Beneficiary. may either tie 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 Uniess Beneficiary and Trustor otherwise agree in writing, any such application of insurance proceeds shall not
<br />extend or postpone the due date of the Note, or any installments called for therein, or change the amount of such installments. If the
<br />Trust Property ;s acquired by Beneficiary pursuant to the exercise of the power of sale or other foreclosure all right, title and interest of
<br />Trustor in and to any insurance proceeds payable as a result of damage to the Trust Prove. ty p rror re the sale or acquisition shall pass
<br />to Beneficiary and shall be applied first to the costs and expenses inch,ding attorney fees, trrcurred in coliectmg such proceeds. then
<br />in the :manner and in the order provided herein
<br />a. Preservation and Maintenance of Trust Property. Trilsror wifi keen the buildings and oltrer implovernenr5 now or hereafter erected or
<br />the Trust Property in good reUalr and condition and will not commit or permit waste. will not ar!er the design or strticrural character
<br />ctxtstrruting any burldrrrg now or hereafter erected do and constituting the Trust PropBn)• WRmpll1 the prior warren consent of
<br />Beneficiary will not do an), act or thing whicn would unduly impair or depreciate the value of the Trust Property and will not abandon
<br />the Trust Property Trustor wrll nor remove anv fixtures constituting the Trust Property unless the same are ,.mmedialefy replaced with
<br />tyke Property subfect To the her and security interest of this ik ed o! Trust an;1 of at !easy equal vaue and ,Pility. Trustor will comply with
<br />ali present and future ordtnarrces. rt qu,`arions and requirements lit any governmenta' bOC7 I whr :.n are appi,Cab/e to the Trust Property
<br />and to !r* occupancy aria use thereof if this Dead of Trust is on a unit in a condUlnlnium or a Manner", uni! developme=nt. %;sror shsi,
<br />perdorm air' sf TfL'Stdr.s oblrgarroris ;Inner the dectaratlon5 or CJverants creating or gdV@rninq the cohdo ^nnrum or the Pianned unr!
<br />development the bylaws and reaVrabor;s of fhe condominturr or piartned unit development, and the GO St/tUer7f doC :u.men!s
<br />lnspact `kin Be,nebc;ary 4r ;ts agents niai, a! all reasonabie time , enter Upon. the Trust Proper v for r is oarpos& Of r"rection
<br />Berieficianr' shall have nor cury to makc SGC h, (nspecbOri and s-lali nrrt )e fc• 7rusF7r rir tC a,1v person ;n possession rf r! makes or
<br />tabs to make anny such rngpeCAUr
<br />'i> Protection of Secure f! Trustor fa :Fs tU pertdrn, ar!y U! the i:ovanaMS ono ac3reernenfs contained ,n this Deed of Trust o! :f any action
<br />:N proceeding :s commenced wn,c i d`)es ;.,r may adversely affect !be'. ust Popery Ur the interes! r)t 7,JSror or Beneficiary therein or
<br />me rate of ?rustor thereto. then Eienel,crari at its c ppori_ rrray perl0rm Li0- L:Jnve. ^ants and agreements. 7;aKe SuCh appearances .
<br />defend against and investigare such achor or proceeding and take su.'r !her arbd,^ as Senebciary d ©en :s necessary ru protect its
<br />interest rrrctudrng, bur trot limited 1c,. disbursemen; Jr reasonabie attorrieV fees and entry uoor. the 7.•usr Property to make repairs. Any
<br />amounts disbursed by BenefiGary ;lursuan! rir ffiry 1 ;dra9rap.h 'Q, wrtr, inte,e ;a tnereor^ shall cons afire ino'ebledness of Trustor
<br />•ecured by this -reed of Truss iinles5 lruslo! and BenOI1CfJa1)' agree r,•:iMer terms cl payrriew such amounts shall be payable upon
<br />notice from Beneficiary tJ Trustor reiqueswiy paynren! fhereot and s,iaii bear interes! Prom the :1a!e of disbursement at the default rate,
<br />rf any set forrh in the ,NdPe, or otherwise of !h)v 'ughes! rate perrhtrted by law Nothing ;: dntatn&o ir, !firs paraTraph she!' require
<br />Beriwhcrary to incur any expense or take arty action hereunder Trustor rrfev(.d1)4 affi,fhorzes and empowers Beneficiary 7G enter upiir
<br />fr1C Tn,st Prop&"), as 7-- -ustor s age�rr! arlr it TruSfor s name o! n,,Pyerw :SV t^ perrmrrri any aria all r�o ven3nr5 and agreements to be
<br />performed by Trustor as herein Firrvtdeo BerleffGia,'y sliaA ar its Option tie sat rogared fD arty ericarnt)rance, her. : :iarm w nernarPo
<br />and to all lights and securities for !Pre pa ✓men! thereof pa;d ul h:frgeo by Benek°.a•y :i F'1er !hF. :!rpv :Sro !: hcer&W any 3'rV c.h:h
<br />4uprogaffor, rights snalJ tie addirfonal and .imaia9 -,e SeCtJr4y for fns Lkred Cir TruSl
<br />r c rittemnatran The Proceeds of an v award w ;, taim rir
<br />p Y c� damages. ,7F•ae.° cx ; :onse ?uerha . ,rr, corviectror with rir >y c;nizdemr,atior, n
<br />,tfnwr rafting of the T rust Property. cir any part thereoi, or for eG:nvSyance' rr feu :'d tzr ir: anbClpatior of condemnatior rile nereby .
<br />assigned to aired small be paid !o Beneficiary Trustor wifi tie and n,oseccute, good faith and with due diligence, its c!a;m for a ^y ::ac
<br />award or payment. and wlft cause Ire same to be collected and paid to Benabcrary and shdcin it fair to cpr sc, sro, ,rfevcrcabiv
<br />aurmonles arid empowers Befief c;afy, in the name of 7'usto, or otherwise, t^ fdE. pr, 50( SeG'Ff> qr omprOnu E any ;at ^h claim can Ci
<br />c*ecr. rec opt f%r and etax the proceeds It !ne 7r; ;sf P,Gper% •5 a an loned by 'rusts ) 7tlw ,! f _•y P rir f,;,ary rr t5r'7r
<br />mat me ronvii -M Troffers to make an award or settle a riarm for.7amage, Twist,), fads rn C,i. rr J', %e_Erlh:;ary w., ter' f—. %
<br />a:R� date such r!dbce rs maned. %r;efrcia,y ,s autho•.zed .0 app y 'rte r:rorf, ..., !11(1
<br />u,•.n ids of any award or ""al" may after deduc!rp av reasonabie ci sts anrr expenses r ,,Jr.iq d .,rerw tae; wrru.7- dy i
<br />'F 00n, rn4urrt,7 by recrtr�rary me cridection fireroal, a! the SOW ASC r r, : :•f gfr f r ,Pry, rf P f se r rt hf•
<br />!&Sror or of Tru=st Property. ,r apjured io roe parnient of tine indebteorless tlnrFS. lienehc,nry ants r,,a,r n„nt w.me )i erNF �r, ,a.ncnq
<br />any such aigwafror of txot;eeds i,, lr!debredness shaiF no! extend ,,r i. r5lpfrne fhe (due .jar rap fq.,*e fhc „ay ^,en' ,' Fr •,
<br />rrKtailme is called for thereunder
<br />!: T'dt §'N31 Ncrt Z�emtased Cxtens on oo idle !,knell t(,N paynrew 9r mipdfhf'abOn 'Jf any am(rn +, ^afiJr .he ir; rr/°r. tf. t; ^iP••,. y ,Y rrf'r• � iif +rH''i- •;4'.'
<br />any .V±.k.IJ SUr a> mrferH51 :i+' Tlustur shat n' )P crperat@ K' rerfrase.: r any rnarme rtre Laf,'rr,t y
<br />nwelt sturl, Y47 £:preclurFoci1rrnmmenc:epm eedrnys; such
<br />.es, .!; :,r i�rte, •,t r,. kirk ,e,:•„
<br />L""Af.IIVAS'$ rvxsdefV• anwdrratre•^ .:f th €r inlet ,e,1rrC45 by r(vascrr, ninny
<br />:n FrKrtrekt
<br />infurmatpc.r :t", rW)IFf'sr rir {itr rhl¢ vary, stclr wti l,r r H. ' titre f •:,n w - •+ rrt a ..' r a y.
<br />y'x"eT i'a Truk$ ®+_ = =.'f%r , n. ;tdrtlarfr.r .)avant P �Nfwt and
<br />'W-wea "'O'hy d any and WW pniwdC r9nb Je6YPrr PC. , „'V Sul. r. ,.,.rPr f,•ia ' :rot •Ir,e i'r ., a rr.. p' e r ri,.
<br />,`ffr rrwa"OnAtrly kn=it Cat rrforr f-ie to rime
<br />'R F tank pa, w #n 'K.5 ;.• )rt +P y. !✓ any !Mw f,1gf1 e ra• r: rFdet,'.r r,, ..f r,. ,nip rrf .., �i ^,, u. „5 r•r
<br />'wN° jet M,fr ir!rl • trii Ml: ;e an nO W
<br />'}w arnfb rk>tt` rwr„ .ri,w't',a, „:alai, Hi .r.'r«Ynlc. .'tR. ai) .i; "r. r 9 -. ri(,: � r_ .i t ".. ,•. , >.
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