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B91 0050?__')
<br />insurance premiums. ground rents, and all other charges whatsoever le led promptly deliver eo Beneficiary or made, eptsaor the payment of
<br />property. Trustor further agrees, upon written request by Beneficiary, laced or made
<br />such charges. Trustor likewise agrees to pay all taxes, assessments and other charges levied upon or assessed, p
<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. tiabiliry or obligation owed obligation, Beneficiary by Trustor order or
<br />may be applied by Beneficiary to the payment of the Indebtedness or to any sh other Unlessiothierw�se eleced by Beneficiary, ary any
<br />r manner of application which Beneficiary, in its absolute discretion, deems appropriate,
<br />I such payment shall be deemed applied first to the payment of any debt. liability or obligation other than 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 contest such ha en by appropriate legal proceedings effective bto prevent the enforcement of the lien o and Beneficiary and
<br />loss of any shall in
<br />part of the Trust Property.
<br />7. Hazard Insurance. Trustor shall keep the buildings and other improvements now existing or din the erected en the Trust ge" and
<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 to Beneficiary, such amounts and for such no as may be
<br />b
<br />required by Beneficiary. The policy of insurance shall be in form acceptable to Beneficiary, provide that the same may y not
<br />cancelled or modified without fifteen (15) days prior written notice to Beneficiary. and shat! have loss payable provisions in 4 hereof
<br />favor of and
<br />in form acceptable to Beneficiary. All premiums on insurance policies shall be paid in them anner provided under paragraph
<br />or. it not paid in such manner, by Trustor making payment at least fifteen ( 15) days prior to the due date, directly to the insurance
<br />earner. Beneficiary shalt have the right to hod the p ived by it. In no event and renewals thereof and Trustor shall promptly furnish to Beneficiary all
<br />ea receipts recent shall Beneficiary or Trustee be held responsible for failure to
<br />renewal notices and all paid the right
<br />pav insurance premiums or for any loss or damage arising out of a defect in any potty or arising out of any failure re 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 o loss if not iums are hereby
<br />made promptly or in proper form by Trustor. All policies of ins of the Indebtedness all refunds
<br />ever of earned pary s exercise of trip power
<br />assigned to Beneficiary as additional security for the pay
<br />of sale contained herein, or m 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 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 pomon !hereof, may be
<br />released to Trustor. Unless Beneficiary and Trustor otherwise agree ,n 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 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 sale or acquisition shall pass
<br />to Beneficiary and shall be applied first to the costs and expenses. includng attorney fees. ncuned m collecting such proceeds, then
<br />m the manner and in the order provided herein
<br />e 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 Of 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 net do any actor thing which would unduly impair or depreciare 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 irrlmedately replaced with
<br />;rke property subject to the lien and security interest of this Deed of Trust and of of least equal value and utility. Trustor will' comply with
<br />ail present and future ordinances, regulations and requirements of any governmental body wn!Ch are applicable to the Trust Property
<br />and to the occupancy and use thereot if this Deed of Trust is on a unit rn a condominium or a planned unit development. Trustor shall
<br />pe form allot Trustor s vfiUgatrons under the declarations or covenants creating or governing the condominium or the planned unit
<br />devE,lopmenr the bytaws and regulations of the condominium or planned unit development. and trip cons! tuent documents
<br />g (nspe� iron Benel;c;an, Or rts agents rnay, at all reasonaoie urines enter upon the Frost Property y j he purpose of " sPecDOn
<br />Benelraary shall have no duty fo •nake such rn.specbon anel shall w, be uab�e tc Trustor o an arson in possession d rt manes or
<br />fails to make any such inspacfion
<br />ri,) Protection of Security if 7rus!Or fads to peAOma any of the covenants and agreements co e Ill din this Deed of Trust, or ,f any action
<br />Cr proceeding rs Com.menCeO watch dues of may ad'✓erseiy aiteCf the Trust Property Or the rnretest Ot Trusror or Beneficiary therein or
<br />the title of Trustor thereto. !hen Beneficiary, at its option may perform such corrvenaws aria agreements, make such appearances.
<br />defend against ano investigate such action or proceeding and lake such other action as Beneficiary deems necessary to protect its
<br />;nterest,nCiuding, but no! !united to, disbursement of reasonacie attorney lees and entry upon the Trust Property to make repairs Any
<br />amounts disbursed by Beneficiary pursuant to this paragrapr with ,teresr mercon, st a'r constitute h,debteaness o Payable
<br />secured by this Deeit O! Trust Unless Trustor and Benefcary agree to t er ten n t paymp at .such amounts mall be payable upon
<br />notice from 8enehciary ro Trustnr requ9s!,ng payment thereot, and sr an bear rntprest horn the Tate r t dsbursement at the default rate
<br />d any, set /earth ,n tha_ ,tiO1e, or iifnerwse at the h;ghcst Tale pernurteo toy law Nctrir ;g coma; pd �n firs paragraph shall require
<br />Beneficiary to Incur any expense or rake any action Hereunder Trustor rrerocabli author zes arid e inrio6ors Benef,c iary to enter upon
<br />the Trust Property as Trustor s aye arid, nTr uarr s ,a nr ,. r!,erw se perfr r , a a'i •�e ear an 1 agn,ement5 to be
<br />performed by Trustor as nerern prcvrleo Beneficiary .,hail. at ,!s W-)NUn be subrc g e ca t n y ncur bran e en c,aim or demand
<br />and to all rights and securities for the pavrnent the col paid or d;srnarge y be net'' ;ary e;rfer !no- , r:rv,sroos Hereof and any such
<br />subrogation rights shall be add,t+onui and aimulatic c ec;rnty for rh's De cO -;r Js
<br />i t Condemnation The proceeds Of any dwatd (It Garin 'or rtamages . dice x c or ,pquu f;al f, nectrn wrtn any _:ondemnaoon or
<br />other taking of the Trust Property. or any part file pi, ,,r for einveyance ;r .e „ l _ n an r +on d r.onaernn ahcu;, aye hereby y n cn
<br />assigned to and Shaft he paid to 8enefic;ary Trusty will flip and prosecute. go,O 'a,th ar.d with !ire ddfgen e, IN ciaur+ for an
<br />award or payment. and will c lust the carne ro be ;:oOectea and paid to Beneficiary, ;rid h ii d �r + !c (JO .-o Trustor rn i ocabiy
<br />authoriz9s and empower, Bcnelcrary- rn the nano of Trustor or otherwise, to file larosec t tie,tt'r. < r i crnpmrnise: any such c;a,m drip
<br />to collet, receipt for arid relain the proceed` If the Trust Property is abandoned by Trusror r�r. aftc .,once by Benefiudry to rrustoraa
<br />that the condemnor offers fO make en award or sertre a claim lot dantages. Trusto 'ails to rr sprnd it) Renehcr q within thirty l'3( di
<br />attvr Me ,fare such nonce i; mailer/ Beneficiary au rrontcd ro _rite I 'in') a! l
<br />rr ,t; t t e..1 n 7e - ainne. , 1 i art r1 he i hr.
<br />proceeds of any award or clam roar after Ueduchn,l aL real -cnabie ost,. fill / al' ns 's i h 7un� rt net i < .vn;c n 07,10 r,a� -
<br />been incurred by bcneilrriry -; !tic ,-OIIecOon ttieteof at the ofe d�sr rtt nr of Bt r t t oar} t reie itie rl t- 1 n inpi c U
<br />IHSforahOn OI Trust r .Operiy. )r pphed (O [he Ddyft r rn1 u1 he inYpt)I,I esS iln,e ss HE-111,41C. 1,11 V anU 1 ; 5 Ur tithe r v se iy 't' �•, w
<br />any such application of procL6dN ti) padePteC }nea.- ;het nit extern: or i7oStppnE. the
<br />due 1 ilt.._!'hR -JOM ,.r he
<br />;nsfallments caleu for thereunder ,
<br />l.,
<br />bf the rIne fp p 3yn,: l of mpLlCaf On Of any R i he I t btlr It 7 r r
<br />12 Trustor Not Rtfirfaspd Fxten$'ron '
<br />tit an rnarnne r he Nibiittl- (If 1n iv and 1r < -
<br />fO any SUGCES5OI OI fn(tfest of Tfl1$fof h71 not opCt'l(C fo ri it iSe y i
<br />nlcle9t L3eneheiary .hail rip he rnquve rl to 7urnr gene iii eerfJ'y lyhin5f sld,le t�V rli t,tilev dr. iii A,�..'nroti •u,�.r '�,y..
<br />o,he!W,be Inodlfy an,nr,v(, dPl," ' tired ln, i[bh: dire.., y 1'
<br />n ;tenr_ 1
<br />F n thereat lnl, m;at l 7 1- r.
<br />r ear -if Tfu ifrr the nn ui�rf aleil l a an; e f i i' r - i!Cn;e r r e..r ; r ), r�! I ;, �c i Y l' , .1;1
<br />; any .1m) will pr.,v;Or .tn -,e; .,.r t Atnohc, er✓',r ;r, ;the it ar,e a n•i•n,,-n,
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