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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 />Ve such charges. Trustor likewise agrees to pay all taxes, assessments and other charges levied upon or assessed, placed or made
<br />m against, or measured by, this Deed of Trost or the recordation hereof.
<br />r„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 />0 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 than the Note.
<br />O6. Charges; Liens. Trustor will keep the Trust Property free from all liens and encumbrances which in any way may, in the judgment of
<br />it 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 />LO 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 />QO contest such lien 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 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 penods 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. All premiums on insurance policies shalt 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 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 loss 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 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 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 the option of
<br />Beneficiary, be applied by Beneficiary upon the indebtedness, or any part thereof. and )n such order and amount as Beneficiary may
<br />determine; or said insurance proceeds, of 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 shall not
<br />extend or postpone the due date of the Note, or any installments called for therein, or change the amount of such innstallments. It the
<br />Trust Property is 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 Property prior to the safe or acquisition shall 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 buildings and other improvements now or hereafter erected on
<br />the Trust Property in good repair and condition and will not commit or permit waste. will not alter 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 or depreciate the value of the Trust Property and will not abandon
<br />the Trust Property. Trustor will not remove any fixtures constituting the Trust Property unless the same are immediately replaced with
<br />like property sub)ect to the lien and security interest of this Deed of Trust and of at least equal value and utility. Trustor will comply with
<br />all present and future ordinances, regulations and requirements of any governmental body which are applicable to the Trust Property
<br />and to the occupancy and use thereof. If this Deed of Trust is on a unit in a condominium or a planned unit development. Trustor shall
<br />perform all of Trustor's obligations under the declarations or covenants creating or governing the condominium or the planned unit
<br />development, the bylaws and regulations of the condominium or planned unit development, and the constituent documents
<br />9. Inspection. Beneficiary Or its agents may, at all reasonable times. enter upon the Trust Property for the purpose of inspection
<br />Beneficiary shall have no duty to make such inspection and shall not be ^able to Trustof or to any person in possession if it makes or
<br />fails to make any such inspection
<br />70. Protection of Security . If Trustor falls to perform any of the covenants and agreements contained to this Deed of Trust, or it any action
<br />or proceeding is commenced which does or may adversely affect the Trust Property or the interest of Trustor or Beneficiary therein or
<br />the title of Trustor thereto, then Beneficiary, at Its option, may perform such convenants and agreements, make such appearances,
<br />defend against and investigate such action or proceeding and take such other action as Beneficiary deems necessary to protect its
<br />Interest including, but not limited to, disbursement of reasonable attorney fees and entry 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 shall be payable upon
<br />nonce from Beneficiary to Trusfor reouesting payment thereof, and shall bear interest from the date of disbursement at the default rate,
<br />if any, set forth in rho Note, or otherwise at the highest rate permitted by law. Nothing contained in this paragraph shall require
<br />Beneficiary to Incur any expense or take any action hereunder. Trustor irrevocably authorizes and empowers Beneficiary to enter upon
<br />the Trust Property as Tfustoi S agent and, in Trustor 's name or otherwise to perform any and all covenants and agreements to be
<br />performed by Trustor as herein provided. Beneficiary shall, at its option, be . subrogatod to any encumbrance, lien, claim or demand
<br />and to all rights and securities for the payment thereof paid or discharged by Benebaary under the provisions hereof and any such
<br />subrogation rights shall be additional and cumulative security for this Deed of Trust
<br />11. Condemnation. The proceeds of any award or claret for damages, direct or consequential, in connection with any condemnation or
<br />other taking Of the Trust Property, Or any part thereof, or for conveyance in iieu of or in anticipation of Condemnation. are hereby
<br />assigned to and shall be paid to Benehcrary Trustor will file and prosecule, in good faith and with due diligence. its Clain for an y S tit; h,
<br />award or payment, and will cause the same t0 be collected and paid to Beneficiary, and, should it fair) to do so, Trustor ,nevocably
<br />authorizes and empowers Beneficiary. In the name of Trustor or otherwise, to file, prosecute„ settle or compromise any such riarnh and
<br />to collect, receipt for and retain the proceeds If trio Trust Property Is abandoned by Trustor, or, after notice by Benoticrafy to Trusfor
<br />that the condemnor offers to make an award or settle a Chan for damages. Truslor fails to respond to Benehcrary within thirty 130) days
<br />after the date such notice rs marled. Beneficiary is authorized tr collect and appiy the Proceeds rn the manner mdicated herein. The
<br />proceeds of any award or claim !nay, alter deducting all reasonable costs and expenses, Including attorney fees, which may have
<br />been incurred by Beneficiary Fri the collection thereof, at the sole discretion of Benehcrary, be released to Trusfor. applied 70
<br />restoration of Trust Property, or applied to the payment of the indebtedness Unless Benehcrary, and Truslor (rrherw,so agree in widrnq,
<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 />instalments cared for thereunder.
<br />,2 Trustor Not Released Extension of the time for payment or rnocLhcatron of any amortization of the Innebtedness yranhsd by 1?ferrefn o-try
<br />to any successor in interest of Trustor steall not operate to relyase. In airy mariner, the liability of Trustor and Trustor s :SOCCPSWIS rn
<br />Interest Benehcrary .Shall not be fequiryd fu conitnence Pfocyedrngs against such successor or refuse to extend bore rnr paywor4 iv
<br />Otherwise modify amonizaton of the lndahtedness by reason of any (ie:manN Inane C y rustor ;,rid Truslor tress n
<br />n tntafest j
<br />73 V-118 Clal Information Ulxln request of Beneficiary. Trusfor wili prp'vrrle to Byn ht Jary. isrtio . r. r nnnity 14W l,ivs I th "Jot' f r , 1; i� qe� jji
<br />year of Truster the con5oirdated balance sheef and Statement of earnings of Tr,, or ;Ind any an.:l 3r 1 ire rto
<br />If
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<br />secured hereby, if any, and will ptov [yc and deliver to fir_ neh,itiltV %tier other
<br />may reasonably regciesl ffon? fime Ic time $t..
<br />to f lnari*Jai Govenarfs in aff hhain fit anv hnJer final Brat i -ov nents of 1r,rshv irr rile n anY i tnf r r rr I err! r I ;i ;r,,,ill j( {;
<br />rtuoo ir hhzfil comply with air d shall r'Fii "O ally allrl elf gnaraJitoJS Of ire hufehn:drr �s ,, I, i(•!1 nr f'br r:, . ^r,Y isrh It
<br />riinfu+ar.Cy wAh c!?e Irsrirrwing hnanr At , overhant: j lh +s Pi +rieprthh ;1,;p1 J;r i al f r �' .einaJ:r ;; ,r :r ; ;ri
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