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made against the Trust
<br />insurance premiums, ground rents, and all other charges whatsoever levied upon or assessed, placed or Property. Trustof further agrees, upon written request by Beneficiary, to promptly deliver to Beneficiary all ieceipts for the payment of
<br />such chaW. 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. ry
<br />5. Application of Payments. All payments received by Beneficiary as to any debt, liability or obligation owed to Beneficia 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 />such payment shall be deemed applied first to the payment of any debt, liability or obligation other than the Note.
<br />6. Charges: Lions. Trustor will keep the Trust Property free from all liens and encumbrances which in any way may, in the judgment of
<br />Boneficiary, 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 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 lien and the loss of any interest in or
<br />pan of the Trust Property.
<br />« z Hazard Insurance. /ruvtorxoall keep the buildings and other improvements now existing or hereafter erected an 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 th
<br />required by Beneficiary. The policy of insurance shall be in form acceptable to Beneficiary, provide that the same may not be
<br />canceMed 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 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 (15) days prior to the due date, directly to the insurance
<br />camer. 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. it? 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 paid thereof, and in such order and amount as Beneficiary nPay
<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 thereof, may be
<br />released to Trustor. Unless Beneficiary and Trustor otherwise agree in writing, any such application of insurance proreeds 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. 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 sale 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 constituttr7g,'Pe Trust Property unless the same are immediately replaced with
<br />like property subject 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 appilicable to the Trust Property
<br />and to the occupancy and use thereof If this Deed of Trust is on a untt)n 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 coridomintum or planned unit development. and the constituent documents.
<br />o axmxmmomn"ms,°"�, upon the Trust �"v°',~"the p","=~^"°"~'~'
<br />Beneficiary shall oom�no duty m make such inspection o"u^r.xommooab" mnnsx,*m any person m possession ,,^ makes or
<br />fails m make any such inspection.
<br />ro Protection m Security /rrmx^x fails ,o perform any ", the covenants arid agreements contained ," this Deed or Trust. or,r any action
<br />or proceeding is commenced which does or,"ov adversely affect !he Trust Property ", the interest ^/n"xm,or Beneficiary therein m
<br />the title mnuslo,mvam, then Beneficiary, ^' its option, may perform such cv°ve"o°m and agreements, make such appearances,
<br />defend against and investigate vuoo action v/ proceeding and take such other action os Beneficiary deems necessary m protect its
<br />interest including, but not limited to, disbursement "r reasonable attorney fees and entry upon the Trust Property make repairs Any
<br />amounts disbursed ^, Beneficial, pursuant m this »ao ^/o with interest thereon, Shall constitute Indebtedness o/n"u/m
<br />secured by this Deed of Trust Unless rrustor arid Beneficiary agree to other terms of payment. such amounts snall be payable upon
<br />notIce from Beneficiary to TruSlof requesting payment thereof. and shall beat interest from the date of disbursement at the default rate.
<br />if any, set forth In the Note. or otherwise at the highest rate permitted by law Nottling contained in this paragraph shall require
<br />Beneficiary to incur any expense of fake any action hereunder Trustor irrevocably authorizes and empowers Beneficiary to enter upon
<br />the Trust Property as Trustor s agent and, in Trustor s name or otherwise to perto.,rn any ano all covenants and agreements to be
<br />performed by Trustor as herein provided Beneficiary shall. at its option. be subrogated to any encumbrance, lien, claim or demand
<br />and to all rights and secunries for the payment thereof paid or discharged by Beneficiary under the provisions hereof and any such
<br />subrogation rights shall be additional and cumulative security for this Deed ut Tfust
<br />/, Condemnation The proceeds of any award v/ claim for damages. ",,°","' consequential, '" connection with any "",=~.",".~
<br />other taking of the Trust pan thereot, w for conveyance w lieu of or°anvcvmmpw condemnation. are hereby
<br />assigned m and shalt oo paid meo"emfaryrmsxn will file and prosecute. ." good faith arid with due diligence, its claim for an` Such
<br />owuw or payment, and will cause the same to b" collected and paid m Beneficiary. and, Should ,, fat) mvo so, r,uxxx"',.vuewy
<br />authorizes and empowers oo//v»c.a*," the name v/nvoto,o, otherwise. m file. ,'ua,^vm Settle o. compromise any such claim and
<br />m collect, receipt for and rem," the proceeds // the Trust Property 's abandoned ^','"sm,.o,axo'''"o,,o,Beneficiary too"xm,
<br />that rho condemnor offers m make °" award m settle a claim tot damages. r,,*", fails m respond * Beneficiary within thirty .3m/days
<br />after the date such notice /vv/p»pv,a*0000.o,',5 authorized m collect aov apply the proceeds ," the manner indicated ^,rem/^~
<br />proceeds y any award o, claim may, after deducting all '^omnuwe costs arid expenses. ."^*m,,v attorney fees which ,°a,have
<br />been incurred or Beneficiary ,n (tie collection /oermv.v' the sole discretion ^,oe"r^*^ry,o,,vleav"omr,vsw,,ww^e"m
<br />restoration of Trust Property, or applied m the vo**r"/o, the m",me^*ox, Unless a^"^wmry and ,,""m, otherwise agree ,"writing
<br />any such application o/ proceeds m Indebtedness shall riot extend u, postpone the due date o/ the Note ", the payment o/any
<br />installments called for thereunder
<br />// mmtor Not Released e"m"x*.o, the time for vvpnv"/o',"omocv^oov/ any a"m*'a,/v"", the Inxom^*,"wm^o'eoo,u",^^c'°q
<br />m any successor )it interest v//^,mx" shall riot operate * release, ,,/ any =o"^^, the liability "/m,y/o, arid /,"`*,.",,"c,sw,`,"
<br />,,.w,es, Beneficiary shall riot mv,mo*,od/noonomw.wv'.mo,m,w, against s"r^s"..v,om'"',,lu^°*",*°v little for n",,"°,.',,
<br />vm*m,m°,wdi* arri"rh/"^on o/ p, /"*^mom,"y, by ".°s"" ^'o,~ v"=""^ ',.x^° /,, r,"^x" ."'v o""'", , u".=,w,"
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<br />�~~ roxwov,m°, the *,tsoilou^d balance ^owmo"^,wu°.,"'of*m~,w,"' Truster ""^ tiny *,,vx*,o'ww",s,» file wx,o**,^s`
<br />,rwm000m^v,, any, and will v,*°u^ and ,m^,~^.o"'°,'^,op'IJOI othe, final,( w '"*''`'"^"'' and '''".',/`"'°"",'"`/+'~*"arl
<br />may °mv,w^*nifvv"°' from limp mtime
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