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<br /> Insuiance premlums,pround renlr,and all ofhercharges whafsoever Ievled upon or assessed,placed o�made agaJnst the Trust ;�n.�^
<br /> � Proparty. Trusto►fuAhei egiees, upon wNtten requaaf by 6enepclary,to promptly daliver to Benepclary all recelpls/or the paymenf ot _t�_=___.� _
<br /> � such chorpes. T�ustor Ilkawlae egrees ro pey all foxe�, asneasments and orhor charyes levled upon o►assessed,pleced a mado .,: ,_.`,.— --
<br /> �• � egalnat,or measured by,fhle Dsed o/Truat a ftw r�coidatlon hervoL �_,_ "
<br /> • ' ' 8. Appl/cetlon of Paymenls.All payments recolved by Bonellclery ea�o any debt,Ilabwfy or obUpation awed to 6enellclary�y 7rustor �r - .
<br /> � mey be epp�►ed by Benepclary to Ihe paymont ol fho Indebtednesa o►to any sucb Wher debf,Ilabllity or abllgetlnn,(n any urder a ,�:,�'--�� �
<br /> manner o!appllcatlon whlch Beniliclery,!n Ils absolufa dl8cretlan,deems app►aprlefe.Unless ofherw�se e/eafed by Benellclery,any �=�=�--_��
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<br /> such paymen►shall be deemed applled lirsl to Ihe payinent of eny debt,llablAry or obdpallon other than the No►e. � : �.,,,;----
<br /> „—�
<br /> �8. Che�ges;Uons.Truaror wlll keep the Trust Property frBe from al►l�ens and encumbrances whlch in any way mey,!n fhe/udgmenf ol �-�* _
<br /> Benellciary,bave p►!a!ty ove�,o►Impalr the aecudty of.thls Oead ol Truaf buf Tiusfor need not dlscherge any such qen so fong es ;���;�;��
<br /> O T r u s t o r s h a l f a g r e e,I n w r l d n g,t o p a y f h e o bp galbn tecured 6 y such qen ln e menner accepteble to Bene/lclary and shall in good lalfh ' "...c�,�.�„-z;.—_ '
<br /> � contest such Qen by appropdate leyal p►oceQdlrps el/ective lo p►event rhe eMo►cement ot the�ien and Ihe loss o l any In teies t In o r �.�..._�_-LL_----
<br /> 1 paR oltne Trust Property. �.�"'�`h�-�
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<br /> 7. Hazard Msurance. Trustor shall keep the bWldings end other Improvements now exlsting or hereafter erected on the Tiust �ope .;,,y;�s•`. �_
<br />" �1 lnsu►ed by Insurance caniers satlslectay to Beneficlery ape/nst loss by flre, hezards Included!n the term"extended coverage"and .fi, �;� �
<br /> � suCh othe►hazerds,casualGes end conU�gencles as r»ay be requlred 6y Beneliclery,!n such amounts and lor such perlods as may be . ��:4�;a;
<br /> iequlred by 9enellclary.The polky ollnsurence she6 be In/orm accepteble to Bene/Iciary,provlde that the same rney not be
<br /> cancelled or modlNed without I/deen (f5)deys prlor wilften notice to BeneNclary,and shall have loss payeble p►ovlslons!n lavor ol and _
<br /> !n form acceptabfe to Beneliclary.AII p►emlums on Insuranca pollcles shaJl be pajd in the manner p►oWded under parag►aph 4 hereol , _
<br /> � a,l/not pald!n such manner,by Trustor making payment e[least Bhaen(15J days prlor to the due date,dlrectiy fo the insurance •Y.•i•:'•�; :: _
<br /> • cenler.BeneNclary shafl heve the dgh►to hold the pdfcles and renewals thereo/and Trusfa shall piompdy lurnlsh to 9enellclary all • • ..;•.a t}�:,:�
<br /> renewal notices and ell pald premiurn recelpts receNad by if.ln no event shaB Bene/lclary or Trustee be held responsible lo�lailure to
<br /> pay lnsurance p►emlums or lor any loss or damege erising out o/a delec[In en y poucy or aNSing out ol any lalluie o!any lnsurance
<br /> company to pay for any loss or damage Insured agelr►st or/or lallure by Tiustor ro el/ect fhe lnsurance requUed hereunder.In fhe event . �'�..�r._a
<br /> � of loss, Tiustor shall glve prompl nottce by ma1110 the fnsu►ance ca►�ier and BeneBclery.Beneliciary may make p►oof o/loss!I not ,�s..�,:
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<br /> mede prompHy ar in propei form by 7rustor.Allpolklas o/lnsurance and any and all relunds of unearned premlums are hereby �,,,�:,_�,_
<br /> , • asslgned to Benepciary as addltlonal securily fa the paymenf ot the fndebtedness.in fhe event of Beneflclary's exerclse ol the power i i n
<br /> o�sale con/alned hereln,o►In lhe evenf of lorecbsure,all dght,tiNe and Inteiest o/Trustor!n and to any lnsurance pWicy then!n lorce '�,:� :
<br /> shall pass to the pwchaser ef the hustee's safe or foreclosure sale.In case ol any bss,the lnsu►ance procaeds may,at the opNon ol !_ f �,_
<br /> Benellc/ary,be eppAed by Bene�lciary upon the Indebtedness,or any part thereol,and in such order and amount as BeneNciary may � . .:-�;
<br /> detem►lne;or sald lnsurance praceeds,at the option of Beneflciary,may elfher be used Jn►eplaang or resto►ing the Trust Properry � _„��
<br /> ' peRlally or totally desboyed to a condmon satislactay to Benellclary;or sald insu�ence proceeds,or any portlon thereot,mey be f '_-� ,
<br /> ►eleased to Tiustor.Unless BeneNclary and Tiusto�otherwise agree!n writing, any such application of insurance proceeds shall not •
<br /> exlend or postpone fhe due date cl tha Nofe, aairy�nstellments calfed for theieln,oi change the amount ol such insta/lments.ll the L
<br /> T►ust Property is ecquned by Beneficiary pursuant lo lhe exe�clse uf rhe power olsaJe or other lorecfosure,all rlght Nt/e and►nrerest ol
<br /> Trustor in and fo anylnsurance proceeds payaMe as a result o/damage to the Tiust Pioperry p�lor to the sale or acquis�tlon srhall pass '�'
<br /> � to Benellclary and shall be appNed llrst to Ihe casts end expenses,including aflomey lees,lncurred!n collec►Ing such proceeds,then
<br /> !n the manner and In the order provided herein.
<br /> 8. PreserveNon and Meintenence ol Trusf Properry. T�us tor w!/1 keep fhe buffdings and other lmprovements now or he►ea/ter erected on ( • �°
<br /> +� , the Trust Property!n good►epan and contlmon and wiA not commit ur pas�nQ wasie, wi!!trot alJcr the design or structu►e►r.harwcfer f .__� ,
<br /> constltuHng any building now or herealtei erected an and constituNng the Tiust Prope►ry without the pdor wriften consenf o! `
<br /> Beneflclary,wl11 not do any act or thing wMch would unduly impair or depreclate Ihe velue o/the Trust Property and will not abandon �
<br /> the Trust Property. Trustor wlll not remove any lixtures consdfutlng the irust Property unless the same are irnmediafely replaced w�th ;
<br /> like properry subject to the Uen end secunry interesl o/thk Oeed ol Trust and o!at least equal value and utillty.T�ustor wl11 comply wlth � �
<br /> all p►esent end lutu�e ordlnances,regulalions end requ�rements ol any govemmental body whlch are applicable to the Trust Property
<br /> and to the occupancy and use Ihered.//tMs Deed of Trust is on a unit in a condominlum or a planned unit development, Trustor shall .
<br /> perform all o►Trustor's obllgahrns under the dec/arations or covenants cieafing a�governing the condominlum or the planned unit ! . i
<br /> development,fhe bylaws and regulafions ol the c ondaninrum or planned und devefopment,and Ihe constituent documents. �
<br /> 9. Inspectlon.Beneliciary or its agents may,at atlreasonable hmes,enter upon ihe Trust Properry lor the purpose o/inspection.
<br /> Bene►iciary shall have no dufy to make such(nspecrion and shall not be/iable to irusto►or fo any person in possesslon�l it makes o►
<br /> lails to make eny such inspechon.
<br /> f0. Piotect�on o/Securiry.If Trusfor lalls to pedorm anyo/►he covenanls and agreements contained m fh�s Deed o�Trust o►i/eny achon .
<br /> or proaeed(ng is commenced which does or may adversely aHect fhe Trust Properry or the mterest o!T►usto►o►9eneliciary therein or i
<br /> the fiflo ol Trustor thereto,then Benel�ciary,at ds oplion,may perlorm such convenants and agreements.make such appea►ances.
<br /> de%nd againsf and invasUgete such action or proceedmg and take such ofher ac6on as Beneliciary deems necessery to protect its
<br /> lnterest including,6ut not limited to, disbursement ol reasonable attorney/ees and enlry upon the Trust Properry to make repairs.Any
<br /> amounts disbursed by Beneliaary pmsuant to Ihis paragraph f0,w�th interest fhereon,shall constilute Indebtedness o/Trustor
<br /> secured by this Deed of T�ust. Unless Trusfoi end Benel�c�ary ag►ee to o►her terms of payment,such amounts shall be payable upon
<br /> notice lrom Beneliciary to Trusto�requeshng peyment rhereof, and sha�l bear interes�from the date ol disbursemenf at fhe de/ault rete.
<br /> il any,se�lorth in the Note,or otherwise at fhe highest rate perm�tted by law.NotMng confamed m th�s paragraph sha//require
<br /> Beneliciary to incur any expense or fake any act►on hereunder. Trustor vrevocabty authoraes and empowers Benelic►ary to enter upon
<br /> fhe Tnisf Properry as Trustw's agenf end,m Tmsloi s name or otherwise to pe�fonn any and all covenants and agreements to be
<br /> pe►formed by Trustor as herein prov�ded.Benelic�ary shall.at its opfion, be sub►agated to any encumbrance,lien,claim or demand
<br /> . and to all►ights and securilbs lor the peymem thereof paid or d�scharged by Benehc�ary unde►the p►ovisiuns hereol and any such
<br /> subrogallon nghts shall be add�t�onal and cumu/atrva secunry lor lhis Deed oI Trus[.
<br /> � 11. Condemnation. The proceeds ol any award orclam lor damages,d�rect o►consequenhal,�n connect�on wrth any condemnation or
<br /> � othe►taking ol the Trusf Properfy,or any part fheieof,or for conveyance u► heu of or m ant�cipauon ol condemnat�on,are hereby
<br /> assigned to and shalf be paid to Benehaary.iru stor wtll Ide and prosecute.m good ladh and wdh due diligence. rts derm lor any such
<br /> award or peyment and w�ll cause the same fo be collecfed and paid lo Benel�ciary,and,should it lad to do so.T�ustor irrevocably
<br /> authorizes and empoweis Benelic�ary,in the narne ot Trustor or o�henvise.to hle.prosecute,settle or compromise any such claim and
<br /> to collect,recefpt lor and►efain the proceeds.If the Trust Properry�s abandoned by Trustor,or,aRer not�ce by Benelicrary to T►ustor
<br /> that the condemnor oHers to rnake an award or settle a cla�m/or demages,trustor Ja�ls to respond to Benefiaary wdhm th�rty(30)days •
<br /> alter the date such notice�s maded.Beneficiary�s authonzed to collocf and apply the proceeds m the manner md�cated here�n. 1he
<br /> proCeeds ol eny award or cla�m may.a/ter deduchng all reasonable cosfs and expenses,mcludrng attomey lees.wn�ch may have
<br /> • been►ncurred by BeneGciary in ihe colleclion ihereo/.at rhe solo d�saehon ol Bene6c�Ury.be released to Trustor.apphed to
<br /> ►esroration ol Trusf Property, or apphed�o the p��y�nF�n�ot the Indebtedness Un�ess Benehc�ary and Trustor otherw�se agree�n wnhng.
<br /> any such appllcation ol proceeds to Indeb�edness s hall nof extend or pos tpone the due dafe of the Note or the paymenf of any
<br /> installments called lor thereunder.
<br /> � 12. T►usfor Not Released.Extens�on�f the time for pa�menf or moddicat�an o►an y amort�zahon of fhe lndehtedness g�anted by Benel�c�ary
<br /> I .._..r...�......ti..�� ...,�,�„e.-�m�.,.oi�a�o �n anv rnannar rhAl�ahd�ro ol Trustor and Trustor s successors+n
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<br /> mteresf.BenetiCrary shal/not be requned to commence proceedmgs agamst sucn successor or reluse to extend nme ta payrnenf or
<br /> otherw�se moddy amortizatbn of fhe Indebtetlness by�eason of any dernand made by Trustor anU Trustdr's successors
<br /> in inteiest.
<br /> I i3. Financial lnlormehon.Upon request of Benel�cwry.Trustor wdl prowde to Benel�aary.�vdhm mnery l901 days ul the close ol Bacl�fisca�
<br /> year ol Trustor.the consol�dAted balance sheet and sfatornent of earrxngs o�Trustor and any und all guar�nto►s o�►he Indebtedness
<br /> i secured hereby,il any,and w�ll p�owde and deliver to Beneliciary such ofher Imancia�inlormahon anQ�n such manner as Benel�crary
<br /> may reasonebly request Irom ame to dme.
<br /> � 14. Financial Covenants.!n addition to any other f�nancr al covonants o/ Trustoi made�n any olhe►agreemenf.�nsf►ument or document.
<br /> I Trusto►shall tomply w�th and shall cause any and a/1 guaranfors o!fhe lndebtedness secured he►�by to rc�mpry w�th. or b���n
<br /> + compJ�ance with,the lollowing hnanc�al covenar�ts (1h�s pa►agraph shell not appiy��covenants and►equut�ments are not sot
<br /> I lorth he►em.�
<br /> 15. SChedule o/Leases. W�thin ten�101 days alie�demdnu, i rus(ur aNall lumisn to f3enehc�ary a scheduie. cert�hed to tr�• Truste!. sett�^g
<br /> ,r ,� lorth�ll leases o/fhe Trust Property.or any portion fher00%mcluding�n eaCh case. fhe name ol the�enanfs or occupanfs.a descnphon
<br /> o/fhe space occup�ed by such fenant or occupanr. tne�ental payabie for such spacr.and surn c�ther ml,�rm,�h�,n and dorumenfs w�th
<br /> ��� � respvct ro such feases and tenanc�es��s Benehc�ary�r�ay reasvnablV reques� i
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