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<br /> !�. . _.. _ � . . � ,. yriio�..'��+�-z-- _—.. :.�—..+.+..... .4 . . . .- --. _ , .
<br /> �_,—_.'._:__:--_�.—��.__.,.#. ..'__'`.'_ ... _. _. . - - _-_
<br /> ==�`- - ��cSPro�niunp.�ou�i i�and�iioR�Ir�aSwh�l�viidypafbr�d.p�adormadaa��tlteTitrst = - -
<br /> _ . .Pip�jN y.Tiu�lbrfMl�e►a�rws:t�pa►N�r�Asn riQua�bY B�Acfa�.IV prornp�l driNr 1b B�nM[�Clary aN r�cNptsAOC�h!paylnrxC[. .
<br /> — � mK.!►cMrg�s•7nabs�I�cewta aqe�s b pay a1 tax���nd otA+r c►w�s Nv�id upon or a�d.PA�c�d aRwd�e �
<br /> �or rn�as�rod by.tlM�Ow�of Tiust Q►rMr ncorttatio�e lianeW. . . , �
<br /> ` — � �, /�pp�p�ap�y�n�.IVp�yn�r�tsrscetvadbyB�n�Ja�Yasmarryd�l��M��!cw�sdib8rrielrclary6YTtt�lbr < �
<br /> ,�,a;�.. m�ybs+rRP�ed bl►Ber�t+uY t�tM Palm�nto►ihe lndsbt�asss or ta arry anch ofhe►debS Nb1A�N cr abYQ+6►�n..ln ar�radwa . �
<br /> � :�:� �< *"� mrxreroraAPlic+�on wAtcfe Bens�dary.bs t�s aD�o/uts dscre0on.derma app�qpri+te.UMsas atharwise Nsct�d Ay Bs+�IFc►�ry.anY
<br /> .— �- �°` - _ � sucApaymentahaMbs deemed appiee first�the palrmeat Q�arM dsD�[iabf�(Y or obk�iGfon othsr therr ths Nots.
<br /> ��- � �' :�1 � ""� � CharBes;llens.�'nuEor wiNkeep the Tiust PropertY hee ham a0liens and encumOrances whkh!n any way may.ln lhe judQ�nt of
<br /> �.-.�„�,
<br /> _.�, �Y_��� -�: ` ,8�neficlery,hav�priority ovei.orhnpair fNe sacurily ot,thls Aasd o1 Tn►stbttf Tr�stor rieM not discttarge sn1►such li�n ao u
<br /> � �.��:�=;:�_� 1 _ Tnr�ocshal��9re�.tn writin9��PeY��9�►secured by such fien 1n a manneraccsptaDla to Berwlic/ery and shaNin Qood fiiNr .
<br /> ° -_��_� . _ -C�V-`—co�isstsrictrre.rbyspprapn'ate►egaJproceed'agserrecuverapraver�tMaenracemenrarche&er,,endrhebssorar�yr�u�ar---= _ - - --
<br /> � .� �_�_�__�:
<br /> r.�-2 ._. �? pert ollhe Tiust ProperiY-
<br /> - .- .��`�'' ?. Hazard hrsu�arrce.Trasi�a shaBkeep the buitdings and other improvements now exisofng a lrereaftsr eiscted on rhe T�� - -
<br /> . -'�'''�=:{':�: � � In�ured by insurance carriers satistactory to Beneficiary agaTr+st/oss by flre,ha=aNs inc/u�ed fn the term"extended ve�tge i
<br /> ;�<�+;�°. sucA other hazards,psual&es ande:ondngencles as may be�e9Wred by 8enefrciarl.frrsucharnounts ar►d/oraucN Pwkds as may 6e ---
<br /> '�.��:r�'.1 : . r+equired by Beneficiary.The po(icy ofinsurar,rce ahaJ1 be filbm►accepteble toBeneficlary,prov/de Mat ths sams rr�ay notbe �__�.:
<br /> Frlf£' . r_._gg•...:.�
<br /> :==�r,��.-:•.: : canceped amaiifred without lflteen(157 days pdor wri�ten r�atfce to 8�re/fciery.and ahalt have bss payab/e prov�sta►s tn lava�oiand =- ------
<br /> ��y,,r..:,.��j..i�....:,:. . ._----
<br />: '���'x-�'.�;6- ,-_ informacceptabletoBenenciary.Allpnemlumsorrinsurancepolicksshallbepaidlnthsmannerprovidedurrdeipar�gniptr4heleo/ -- - -
<br /> � a,itriof patd In such manne,by Tiusnu�making payment at/east�aen(15)days priato the dus dale,diiactiy fQtha.lnsura�nce � —"�_
<br /> � � '� CaMer.BeneflcisrysitaDl�ve tAe right ta hold ttr8 policies and renewals thereof and�rustor shall pram,otly fuMah to 6Bneflalaryall _-
<br /> �;� _ i �� � > renewat noBces and ait�d�mlum receipts�eceived 6y1�in noeveMShall Beaerciary or Trusteebe held�espORSible Ifor/aiki�to. �;��:
<br /> :-•x r=-,,;T;.;�;-__ _, . peyinsurarrce premiums or��any loss a damage arising au�of a defectin any poiicy a arising outot any fellune o/any insurance �--�,y -
<br /> s�,�;,;k; �;�zf�;: �� '"- cbmpa►ry to pay fcrany toss or damage insured agair►s7 orfvr/aifure bp Tiusta to eflect the insvrenee requlreahereunde�ta the eveM. '""`:- ____
<br /> `��''' - ,. oNoss,Tiusta shaNgive prompt noGce by mail to rhe insurance aarrier and Beneficlary.BeneBciary may make praof ot loss itnot � ?�"�-
<br /> •1.��-��
<br /> : ,�1-.:..? '< . " made promP6y arin pro�e►lf�rm by Trustor.A!1 poficies afinsuranceand arry and al!refunds Muneamed�remlums are hereby - '
<br /> ```''°-- - - ass/gned to Benefx;fary es�t'dr6onal security lor the paymerrt at the lndebtedness.In fhe event o/8enelklary's exerclse of the power - _
<br />' - � ���� ' o/se/g contalned.hererr��rr the event ol foreclosure,aEt'rigM,dde and interest oiTrustqr fn and to any insurance policy then in force -
<br /> a ' :`�;•:
<br /> . - • �� �shaN pass to fhe Pu�[^�'.���e trustee s sa/e alo�re saJe.ln case of any kss.the/nsurance proceeds may.atthe ap0�on of - :r:;_-
<br /> _. _ �_�..i . BenefrcfarY:�e'ar'}p�%�r.;�'re�rciary upon the Inde�e�iress,a arry paR ihereol,and in such adei and amount as Benefla/ ma ���`'-_• _
<br /> � y` ��.� ...
<br /> �,;;_:;.; detem�ine;;�r�af�,c���a::a�broceeds_a'ttAeoptlon.of8eneficlary,mayeithe�beusedinreplacinga.restaringtheTiustProperty :;:--
<br /> ' partal►y or:�t�.res_^ic.�i-�=i�a conditrmr sanislaaory tq BeneBciary:or said insurence proceeds.a arry po�on thereof,may be `"`�-�--
<br /> .. . .:._t;;:�;�:;; .�r'�;°��.
<br /> � -..;,; � . released tc�r.�'�s.r_°t�il��efrciery arid Tiusta c�i,e�ise agree in wriGng,any such applicafion ollnsurance prviceeds shalf not --_-
<br /> . . ��:.�.�<<.... : .. . a��p�y��•Q�,�e af the Note�ur ar��r�enrs caltsd lor there/n.or change the amount of auch Jnstallments.H N►e � '�`,"';;�"�,-`
<br /> '�, s , - 7iust Proper�is ac�Jfa�c:,/BeneflcJary pursvant ro'zre exe�cise oi the power of sale or other forec�osure,afl dgh�tiN�e and interest ol �� }
<br /> ; , �ji�_',� ' , ' TruSta in�raa�ry rsurarrCe proceeds payable as a resu/t a!damage to the Trust Propeity prior to the saJe a acquisidon shall pass � � 't���=;.
<br /> �; : • -to 8enefic�:y-�esh'afl be.applied first ta the costs and expeases,a:cludrng at0omey tees,incufied in collectrng sach ptoceeds,then t -.�;�'��;:
<br /> �. ' ,:tti;{��E .
<br /> . �;: �.� •- ln ure manneraird in trea:det proNde�:��;eln. �, t��„�.
<br /> :., �;q:: r �
<br /> �� '�ri�c f 1 � � 8. Preserva�on and Mai^1err�.',c2 0l Tiu�!���rfy-Trls��+rl/1 keep ilre Buildings and other improvements now or hereaftererected nn � � �•'�,•:.: �
<br /> ,,;r.;:.�. . fr•:, � r'•r ,;°� �,�i;
<br /> ' ',�:;:;�1RF.,. , "� ` tha Tiust Properiy ire g.o�=;�air arrd cor,dRian and��.`:"�t commit or permit waste,will not alter the design orsductaral cnaiacter a:.:,;.; . ,_�..,� • �
<br /> , :.t:.::;;,yst•; � consUNd�nganybuild;n�:�::�vor.trerea.`.�►.e�ecteda.•�-�consGtatirtgtheTrustProperrywithoutthepdorwdnenconserrtol ';� . , ;;,•�.;,�_.
<br /> �; {�:,,.- � �;1,;..,.. . , �.
<br /> : r � aen�rc;a,y,,wiJn4td�a��a�azL�i��gu�r�hwoul�'ur�,;f�imPairordepreclatethevalueoftheTrustPropertyartdwilfnotaba�dan f';;� :;t,stfs��
<br /> the Tn�st�r�r,er!j;t-�JSt��tis%�i�nsst r�?r�v��rry 8xtrras��?sttutin .�e Fiust Pro e unless the same are immediateJy replaced with r..}:•. ;. `:•,,F '`H'�
<br /> J P nY 1 , .. .• ,, � r„i���
<br /> .` . ` , . �it�pm�e,�-.�*��r ay�`��l�h'�c�S��J•i'�t interes�a`,2•�is�fleed cf�rust and ol ar least equal va�ue and udlity.Tiustor wiii camp�y with ;� � �. �`�.��`? �� �;
<br /> � �.:t. �'..'.,;..r:d;i::{ti, :;
<br /> �� . � aff�reser�tar��f�'��xTaarx=es,reg�•i:�slrrs andr-_{�+�ents afar��govemmental body which are apprcab/e to the Tiust Aroperry �.,,.,:,•,, ;;._,,,:,,,�s,�;'i;
<br /> �rrQtoiheoccupanc�l��q��setheieof.NthlsDee0a5rr,lsrisonaun"trnacondomin/umora lannedunitdevefo menCTrustorsha/l � • •�f�•�'�'.
<br /> � peAorm a!I ol TiustOr's�5�gati�ns unde�the decta�a�:,�:s'Or cavenants creabng or goveming he condominium or fhe planned unR �1'`��•�`. �; "„�;���`'�.��
<br /> developmenb the bylaWS aad�egulations o/the condominiurr►or planned un/t davelopment,and the constRUent documents. f''" �'���'��� '�'
<br /> ��. -.;_:, ,�.
<br /> i. „i';':,;..,, .: •
<br /> � 9. Inspecaon.Beneficiary or its agants may,at alt�easonab/e times,erer upon the Trust Property for the purpose o!inspectlon• �� �
<br /> Beneflclary shall have no d�ry!o make such inspeCtion and shap not be liabfe to Tiustor or to any person in possessfon if tt makes or i. �'.',s;', -
<br /> . fai/s tu make any such lnsa2ction. ' , `�:-=
<br /> 1U PiotecGon o/Secudry.//�vst�r tails to pedorm any of the covenants and agreementa contained ln this Oead of Tiust,a►il any action ' - . ';r;�;:�
<br /> • °; ''�' a proceeding Js commenrs2x�vhieh does or may adve�s�y aNect the Trust Property or the interesi o1 Tiustor or Beneficiary the�ein or � . .: _•,, .•:;;;r,:.
<br /> . �''����t;''- the 6t/e of Tiustoi thereto,..hea Beneficlary,at its opti�r,ray pedomr such convenan�s and agreements,make sucb appea►ances, i• �•+;;;:;;;'•�'�;;�
<br /> •t,?;�, a,
<br /> � ' •� defend agalnsR and lnvestigate such acUOn o�proceed^�a�'�take sach other action as 8enellclary deems necessary to protect it& � , •E:;��+„�,: ,
<br /> ' „ �nteiest lnciuding,but not limited to,dis�Jrsement o!re?sor��:a r:�-e lees and ent a on Ihe Tiust Pio e to make�e 81rs.My � �:f.:%,` �
<br /> . � '�'`'`'� amounts disbursed by Beneflclary purs�:ant to thls pa:ay:a�":�a!""��srest lhereon shall cansGtute lndebte Rd ess ot�iu�or � :',;;��f%�is�� •�
<br /> ;;;;1;•_•; . `��' • secured by thls Deed of Tiust.Unless Tiustor and Eey�'.s�y�;��:to othe�terms of payment,such amounts ahal!be payab/e apon �' �� !�','• _ r
<br /> �� _''.�.-�.� • �'n?�1Ce liom Beneflcla to Tiustor�e uestln �'�,����`�•�`�
<br /> { �y q g paymsr.�t�ra<e�.`:a^�shall bear iirterest lrom the data ol dlsbursement at the default�ate, �,.�•;�,,:, ._; ;,
<br /> � � ,, ha seN�r,h.In ihe Note,a athenvisp as rhe hr he;'?a'�^�>"':=�:: �`r��`�'•"' -�,
<br /> .,,,, : ny� g �- bylaw.Nothing contained In this pa�agraphshall requlre ,.;. .,,;�; � ; �;,.;,,•.• '
<br /> , - ',�• , BeFieflcranf r!�`lncur any expense oi taks�^�actlon C.�r;�r�Cr.-„v:�:r inevocably authoi�zes and empowera Beneficlary to enter upan ��"._ �,'- �:..:�:,,:::;r ,
<br /> i�' , � +7.;:: .
<br /> ' � ' ' the 1i�st�;;.�aRy as Tiesfar's agent a:f�;•�;?Trus'9►'�:^:�^��or��:7^s�xnse to pedo�m any and a►I covertants and agreemente to be :ti��:'- ...�:..:;.�,,,,,;� .
<br /> � •;,;, . peAo�med by riustoias�he�eln piovided.Benefiaiar,�s�al;atits o�:�or�,be subrogated to any encumb�ance,lien,c/aim ordemand �.J,��:�� ��,`."�'�;;��:,r'.;•,-•,
<br /> � �-�"� ' and to ap rlghis and see::-!��s for the payment therEr„•r�,a or diseha►ged by BeneUciary unde�the prov�sJons hereof and an svch • ';;c'.'`_' t;
<br /> ;;�;;;`,:_-,. . Y 4';;'-: . .
<br /> ,;.:,.,. " subrogatlon dghfs shay���dditional end cumulaSvE s..�+ity lor thls Deed ol Frusl.
<br /> . ��,.:• f 1. Condemnatlon.The proc�•�s ot any awa�d or clalm for damages.direct or consequen�ial,in conneci1on wlfh any condemnatlon o► �
<br /> othe�taking of the�iust P�opeAy,o�any part thereof,or/or conveyance!n lieu ol or�n anticipation nf condemnaflon,are hereby . .��
<br /> esslgned r��.�d shall be paid to Bene�rciary.lrustor wll!Ule and p�osecute.in goor!faith end wilh due diligence,!ts cJaim!oi any such - .
<br /> '� ��.�� a w a�d e r p 3�^t e n t a n d w t l l c a u s e t h e s a m e t o b e c o(.'e c t e d a n d p a l d t o B e n e l i c t a ry.a n d.s h o u l d i t f ail t o d o so,Tiustor inevocabt y ' ,����`��`�
<br /> �;+.+> �rro�lze's and empowers 8eneliclary,Jn the name of T,i�rstor or othen�vlse,to lite,prosecute,setlle or comp�omise any such e!a!m and '
<br /> '��'�• ' to collect,reaelpJ for an4 retaln the proceeds.I!the Trust Arope�fy!s abandoned by 7rustor,or,aKe�natice by Beneflalery to Trustor ��'
<br /> - •`'�'' lhal!he corrCemnor ofter,fo make an awaid ar seru e a clalm!or damages, Trustnr Jalls to respond to Benellclary w/thJn thlrry(30)days � �
<br /> etter the dd�Sudh notice Is malled.Beneticlary is authodzed to collect and apply tha proceeds!n the manner lndicafed hereln:•The ,
<br /> praceeds a��,�awa�d or c/a/m may,aft�rdeducting all reasanable casts and expenses.•�nciading aKO�noy loes,wIHCh may have " '�'��
<br /> � been lnoarred 6y Bene(iciary In the Col�sCtion the►eaf,at the sole discretian of BQneNnlltry,be released tn trustor,apphed ro
<br /> �esb�aUon ol Tivat Prope�ly.or applied ta th8 payment ot the Indebtednass.Unteas Benel�alery and trastor othen�vlsn agree M wrHing;� . {
<br /> , _ any such app!lcaflon of praceeds to lndebtedness sha11 not exter+d a�postpon�tha due date ol thd Noto or fhe payment at eny
<br /> � . lnstallmenta caNed lo�thereunde►. '
<br /> ' f2. Tiusfar Nat Released.Eirtensjon of the time/vr payment or modeficalion o!an y amortizatldn o�tho tndobtvdaoss g�anted by Benet,clary
<br /> • ' � " � . . b anysuccessorin Intereat oI tiustor shall not operate to release.!n any manner,the liabibry o!Tiustor end Tiustor's successo�s m
<br /> • Utte�est..Bene/iclary shall not be requlred to cammence proceedlrtgs against such successvr o�►efuse!o extend time tor payment ar •
<br /> ' -- - � - Othenvlse alodify amoRlzaUo»of the lndebtedness by rsttsort ot ony demand made by Trusfo►and Trusto�'s successo�s . �
<br /> !n inte�esl
<br /> ' t3 Flnanclaf/nfwmadon.Upnn request of Be�etc�ary,trusfar w�ff piovide to Benehciary,withim m�efy(901 day.s of the clase of each IiscaJ � ,
<br /> ' . . year of Tiustor,the consolldated batanco sheet and st�tement o!earrtings o/7�ustor and eny and a/1 guarantas o/the IndeDfedness
<br /> � secured hereby,JI any,ertd will provlde and delivei to Benellclary such other financial�nformat/on&nd!n snch manner es Benelrciary �
<br /> • ' may reasonabty�equest l�om Ume to Ume. .
<br /> � � � 14. Financla!Coveaants.!rr addition to any olher tinaacla!cbvertants of Tiusto�made u�anp orn�agraemenf.�nstrument o�document,
<br /> __--� •`:�_��_��-�_. trusl�rsirallcampiysrtrithar�shalt�aasaanyanBatfgerarantorsvlthetndebiedries�ssauredhere�ytncnmpry�wrt►,ar.be�n
<br /> compBanCe with,the followtag financlat covenants•(�Ais paragraph shall notappty ft covenants and requi�ements a�e not set �
<br /> " torlh hereln.)
<br /> ��. . .. + .
<br /> 15. Scdedute of teases. Withln ten(f0)d�ys aKer demand, Tiustorsh�fNUrnlsh to Beneliclary a schedute:C@K�hgd t�by t►uSto�sefbng
<br /> ' - - lonh alNeases ot�ne-7iusr Pmperqr.or any pordoa lhe�eaJ,lno/udJag In each case,the ne►ne ot!h�teaanfs nr vccupants.a des��tpUoa _
<br />-- - � at the space oscupled bysuct�tenant or occepant,the►ental pay�Dtetar such space.end suCh other�nformahare end dacuments with �'.
<br /> , . respect to such leases and tenancles as Benefic��r rnay�easvrtabty request •
<br /> . ,� ` . .
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