|
s-.� _���
<br /> � , .. . _.__ . -._. - � -_ _ .
<br /> �� �.-:.. _.�`_
<br /> ,:r;����-�.:.,,-
<br /> �-k ' -------- - - -- ---__ _ -- '
<br /> . _. .__ .. .. _ ..y;.�- - "-- .
<br /> _ --- __._.-�... - ---- _. _ -.-
<br /> ��',i��'�� �.()��►� .
<br /> ay�a+nsf fufu7�hh�.�thly N1stiL+narNs �'undi.H tM���au�t W fl�a Aw�ds twJJ D}'Gw'f�.:.:3ty SRd.}RC!!`��ull!CK++M ro(�Mros�SSYSSfnM1f4, —_
<br /> wuw�nca prwn�uns�u+d pround nnt�a s Nwy MA diw.Austtx sha:!pay M BMW�c+�+Y+�^Y�'�ount nrces�uu d a�Jebtr�dnoss,Ber�e6c:ary shW
<br /> dpys hom tM da1�nWi�:a at marik7 W�a4ciuy ro TruaMr roquesfwy Wyment tMnto►Up�P+Y `--
<br /> r�Ww+tf a Ruslor a+ry Funds h�ld Dy FJenafiCituy.M t!M Avsr Prop+�N is sokl undw tM pow�d saa a rJw husr Wo�wtY a otAwwisi
<br /> P��N w..,,...r.µ...ao d tho Aust Frou�rN a�s acQu+sition by Bar��iary,++ry Funds M1d
<br /> wCQUGtK�Dy W/1WIC7i1Y• tfWlWic'NUY�+�w:Ji��j� :TT��'�._.�r.._. ._.
<br /> py g�nM�ciary at Me N�rw d+Pt�aWn at a c»tAt�f7a+��st th�k�dobtadnQSS.M 8�+�bciu}r arocufa3 a wntron w��hw or Austa►�s oDr�yarans urniw .-.
<br /> M;s pu�proph�. 1►u�tor cc+�na+�h u�d cflwas r�p:,,boturo tne sarne t+�ca�w cla�wu�uaiu.aN taxos,assessnwnls,u�suru�c�P�'��+�,fl� :_ -
<br /> �tt,snd aA othw charg�s whatsaa.vr twiad upon a assasa�d,Pl+cad a maW ag�nst tAa Aust Pr�rty.Uusta turihar sQrs�s.upon writlrn _
<br /> roq�wsr ny ea�eMCUry.ro wa^w+r��a ea+►a'�c�uy��b+er+s p.yrr►onr d s+�cn cn.�uyos.1h,smr►�awisa+Q�s.s w pay au rups. _ _
<br /> ..w�av.+.n►a�nd othK cAarO�s NvJ�d upon a assass+d.P���r�+Q++^rt�v mwsur�d W.this Aaod ol Trust w t►w reco�tion h«rol. _
<br /> .w.tc.��r...�..l+�ar�r�liwA hr
<br /> _" p�;;,..,»,.�.f.,..n ny Fl.++.tic:uy.s a.+�v clia.��+Wv or on++ya,;un uw.:r��,.�:;�;c:, ..,...._._.. - .;�:..,;' ' �-.
<br /> ..__ "�
<br /> I�....�.�w. A4 �: � "
<br /> •a �7'7L(:YUVlI u f a)��w�...w.... '�'_' •••• �
<br /> Be+w�iciary b tM paymant d tha IndrMadnass a�o eury SucA o�her dabt.F�b�hry a obkgptiort,�wry oTUw a rrra�Nwr u.a.N�.....,�":. .- :A.
<br /> 8a+wticlarl:�its absofute tlitcrotion.de�ms aPP+�WIat� Unass aharwtso a+ctod by Beneliclarl:aM such paY+rw^t shyl ba deomrd aPplwd lirit `
<br /> ro t►w paymrnt ot any dobr.labuiry a obli0at�cn oftwr tnan uw Nw..
<br /> 6� CharQos:Lia�s 1Yustor K•+N k�o Ma Tiust!'roPo+tY troa/rom all liens and oncumbrancas which Jn any way maY in Hw I�+Wrnont d 6onW�rda+Y.RKw _
<br /> Pr+orilY aro►,ar lmpair tha secunry d,fhis ORBd ol Tiust Dut Tiuslor neK1 nof ddsCharge anY such lien So kxy As TIuSK►r shal!aflred In writinp,to
<br /> pay r7a obJJgation securvd by such fpr►M a rtwnrwr acceP++��o Harwticiary ane snaA in Qood fa;th contost sucA�an by aPWrqtxla�e kDB� —
<br /> procaadinys e1lochvo to prewnr tna a�acwne►u or rha liore and cho bss ot wy intw�st in a pert of rho 7tust P►opwry.
<br /> 7. Hauud N�s+wanca Trusto►sA�J�koep the buildinys and other improvemonts nav ex7sting or heroaker erectod or+b5e Trust Proporty insured by
<br /> ins+xance cwriars satr'stactorY to Be+wt+aluY a�aw�st bss bS�tw�a,Aazards►ncluded in the te.m'+�xtended cawage"and wch othw hazandx -
<br /> casJWties and continge+►cias os may be requlr�d by BerwtiGary %�such amo+uus and lor such pwiods as rtuy be re4uirod Oy f3eneficlary. The
<br /> p.,�;ti�01 inswanco shal!be!n Ram acceptab�e ro Bw�efJCia+y,W�a'ide th�t tlw sarrw nwY not be cancelkti or modilied wifhout 6lroerr f 151 d�ys Wio►
<br /> wr,tron notke to E�ww�iGary,and sha!!h�ve►oss PaYabJe P�'ovlsions in fawor of and In lorm accePtab�ro Benelicary.A4 prem7ums on insurpnce
<br /> pp�iClpg shall be p�!n tfw mannar W'ov�ided urxiw P�9�,��d a if���M such manner,by Trustor rrHiking payment af least/iltew+(15)
<br /> days Wior W the d:�date.directy ro the insuranca canfer.8erwficl.uY sAaD have tla right to hold 2fw poJicles and rer�ewals tMreof and Trusta&1aY
<br /> Wa"P�N��rnish tu 8w�eliciary aL ror�ewal notices and a!!paid P^o+Num receipts roceiwd by it�n no ev�ent shalJ 8ane�iclary a Tiustae ba/wld
<br /> r�aspon,tiibm 1or IaiA,re ro pay inswance promiums a kr any bss a ciama9e aris+n9 out ol a defact ir anY po1�wY a alsiny out of ary laiJure d nry
<br /> ir.surance comAj�Y b PeY�ary bss or damaDe insured against w�or fai7ure by Austor ro ef/ecf!Mi insur�nce re9uiretl fwroundw.M the arenf o1 _
<br /> losS nusror sna��qiw prompt notica bY maa ro rn.inswance cs�r uwl6eneric;ary.eener'�crary�n.�make proa d wss d nor mado wu+npN o►rn �
<br /> ��:�.:zi�.;s�,.�,�.�w�,r!�yc N ir,cura�ca and anv and au wlvn�ls ot w�ea�nod Preruums are 1�i�bY ess+Qrw�ro Bw�ef�c�ary�s add+hona! _
<br /> securitY Ibr fhe���nt d tha/ndab�ednsss.In Me weru ol 6e�wS��ciarY's exarcico a�tAe Aa►'er os sare caK�i�iroreir�,{X U)ii ro wvi 7t R�
<br /> ks9rlosurd all n�At,trile and inlerest o!kusfor in ry*d to ary inse:rs�see Aolicy Men m JonCe sh�l!pass M the fi%rG.'�ser af the bus09e's saJe a
<br /> IiorMClbsure saJa.In case d a+N�the Inswance A+��mar.�the opNon of Benafici�y,b0 aFF�d bY Bar+a'ticrary upon the lndeDtadr�as�or
<br /> ary part thweor,a»d in such order ortd�mount as Bonef�iciary may dWerrtwie:or said insurance�rocE�ed�at the option d BenetiGwY�Y oithar
<br /> po used in r�',u�g w restoring Nw Truu P�ope+tY Part��lY a�tly destroy�d to a cor►dition sa��sk:.taY fo Bwieliciery:a s+id inw�d
<br /> ��a y,�;�ipr��her,�of mry pe rebnsod to Tiusta U�>>ess 8eneliclarY�++d Tiustor atAerw;se ayree in writing.ary +�ch aAW�
<br /> �nsur�ncp prpcesds shall not extend or postPon�"�e dua dste°r tAe Note,a any instauments caUed f�a therein,or chanQe Nw artaunt o1 wc1►
<br /> instafk►�nta H Hw Ausf Prnpe►ty k acqulrrd bY BsnM�ici�1'P+uu++^t lo tha exe+�cke of tAa power d sale a other/u+eclosu�aN riyAt.tdla�nd
<br /> ir!IBnYSf d TNSfW iA 8l1d t0 Aly inS�lallCe p1bCA6dS payabl9 eS A rYSUM lf/ddmagA f0 f1fA T�u::t PropWfY W�Or t0 UTA Salo W BCqiiiS+ti0r1 Shill piSS W
<br /> Gxwticlary and shall be ay�p�a'�ixt Oo tlw costs and exPau�s�includirty attorneY kes,incwred in caUeetinD such P+�sads�dean in biie mannM
<br /> a+xl in the ordw P+a�iciod hw�etn.
<br /> & E*�es�rvat+on anO M�intwia^�d Trus!PropertK Ausror w+�►WeP che bWldings and otAer imProvements rww or herealt�ar arocted on Nw T�ust
<br /> pnpary In pood repair and condition and wiU not canmit or permit waste,will not aKer the deslyn a structurai characier const;hdin�anY GuJkl'nD
<br /> �,a/�att�r eraciod on and oonstituGng the t�ust Proep+ry withour the pr'�or w�itten consanr oi Baneficlary:w�J not do a�Y act a thhy which
<br /> wq�f�u�u1y irr�pyr pr depreCiap the v�kw d thB�ust Properfy artd wiJl not abandon the Tiust Prope►:y.Trusto►will nd renwva ery fixtw6s
<br /> c�anstittrtiny tM pvst ProprrtY w�ss tfw same ar�lmmediala�Y��with Fke P+�P�Y s�bled ro tIN lien and soc+r+itY 7ntw�att W tAls Doad d
<br /> 7ua1�r►d d at blst eGt+al�aJu�and uWify!T�usta wAl Gompy wIM a!I P+osent and luture ord�nancvs�re9�latiau and roqulro+nentd d a►N
<br /> . �b(}d�I N'1NCh GN i�ICi�7Y�0��1Q n11S�HOnYRY aJ10{O R10 p4LYF�an1.y Giiv vai .�`ii.'"�w:��.�:.o�'�LJ Tn�N H M a IMl1�LI a ''' -
<br /> cortdoir�uun a a plaru►od unit dewbP+r�r�t, Austa shaA�m�tows and�i�aySUla�Uon�the condorrunlum orP�an�it�tdado/xr�ru ar+d the
<br /> �Owrning the CondomirYum oi N�s Prarvad unit de�[qDm�►t� b!�
<br /> oor�stituant docurrw+►t�
<br /> 9t Inspaction.Bawl',CIa�Y a its eQw�ts msy,et a/!reesonaWe times,enAa/uPon the Trust PropartY for the IwrPcse d inspaction.BenaffofarY SAa1J haw
<br /> no duty to make wch inspoct+on ar►d shall nor Da Wbte ta Trusior a to ery Person in P����makes or tailc ro m�anY such�sp�c�+o+►• -
<br /> ta ��rr►�nosda wl�lch doas maY adtie+solY aflect� ProPerty a the lnt�aa�� �M�x�+rY�f w dhe '��la ot ku.ctur N� -
<br /> " than B�nM�iciary,at its qptan.nwY Po+b►m sLCh cawr►ants and agree+nent�make such appearante�dotend apainst�nd ir�nertlyata such acNon
<br /> a Prpcas�linp and take sucl►othar�ctior+os B�nefklarY d�mS^ecessary to P�its irr,'asst incWdin9,but not�ni»d ta disDursarnant W
<br /> raaau�bM atrortwy I�s�nd endv upon tne rn,sr Prope►N ro make rvpabx Any emou+►ts disburs«i by 6enNicJary Punuaru ro u0s wra�raPA 1a
<br /> wkh in(+�nst tMrea►.sha0 constitutY l�ss of Tiustor secured bY MIs Daod W TiuSt.Unisss Trusto►and Btnelicary a�Be ro othw te�m8 d
<br /> paymrnr,auc1�arno+N►rs snau ca payat+a upor►not►�e trom sena�,clari+ro rn,stnr nquesGr►y aaY+�rnered,a,►d snaAbasr inra�sr trom tns dara
<br /> d�isbursM►3r►t at tM cMfiuN rata,d a+H set AxN in tl►e Nofa o+othe�wiso at the►w9lwst rate permftted bY law.Nothin9 confairwd w►Ih�s PuaQr�ph
<br /> • sha'!^�_3L�!�e^!h!'?!'+v M incur any aruMise a talro anY actlon Aarewidac Trusta lrre�racet�lY authorizes end�+npo►+�a+s Ba+►el+cla+Y to WNO►upa�
<br /> ths Tiusr A�operty�s r.usra s agent arb.in Tiustors narrw a�therwise ro Pe+�m a+�Y ana au caw+anrs and agrve.ner�ts to a�pa'.orr�sa?t•r•
<br /> Truttor as h�+rtn providad.Bawlickry slwJl.at ifs option�be subro�Wed ro any arwmDrance�lien,clatm a demand and ro au riphts and secwiws
<br /> lor the PaYnwr►t tl�reof PaJd or d'�sclsarDed bY Ber►W'�iY unde/theWovlslons he+eol end a+ry s++ch subroyation ri9hts ShaU bY ad�tional end
<br /> � curtwlati►r sscuriry lor tNs D�ad d Tiust. a dhw takinji d!ta
<br /> 11. Conde+matio+�.The P+000ads af o�Y�'�d claim!or darr�aQe�direcr a conse9uer�tlal.in cwmectio►►wilh any oaKls►►npGOn
<br /> Trusf ProPo+ry.o►arN Pen aw+�ol or 1�or oorweYar+ce in lieu d or in ar�^..Ipatia►ol condenrr►atfon,are Ne+eDY asslgrwd tc ar►d sl�all be paki 60
<br /> By/p('�C1Ny,T/USdX w!U filB alyd plOS9CNOR in ff OOd fi1d1 8►►d with dW�B:Ks C(BIli►�Of Wy S1M•h Ywatd 0/payrt�Wit.Blyd wi!l CAL'S@ tltB SG�►IS!D bA
<br /> coYecLed and wid a eaialcla�y:and.sr�ould it fa1 ro do sa rrusror irrewcably a,rnwizes and anaowe�s Ber��c�y:;n a�e name d rrusAw or
<br /> oM►aw1sR ro f,ta P�+��°���+nP�►Nss e►N such Wim and ro odle�x.rece+P��r and rerain rhe prooesds K rhe Tiusr FrqoaN!s aba�xbned
<br /> by rrastor,a aRer noUc�A'8wwf+cleiY a Tn.sror that the caidem.�►a dkrs to m�m an av�rd or swNe a clatm tor darna49�TiusAx tails so re.q�orW to
<br /> 8�+etiry witlwe NWrh 130J�atmr Nw data wrJ�notica is mailed,6ene(�clarY u Authoriz�d b oaPecr and qPWY�►�P�s in�e manner
<br /> 1na�cared nersh.n►e c+�ce�evs d.�Y awvd w ctaim n►at.afiv�►deductin9�►reasonab�e costs ana�xpens�indudin9�ttorneY kes. wn;cn may ha�e
<br /> bwr►wrc�rrvd by 8erwtic►ary in the coUection urered.at tAe sole discretan d Bendc+arys be ret�ased to Trusta:eppried to restorar;or►a rnut PiaperiK
<br /> a ap�d 1�OMWYmsnt af thG k�debtaaY►ess Unkss Berx�iC+a►y end Trusta ottwwlse eQree in writ'v►y.anY s+kh apipLcabon d Prooeads t0
<br /> kw.e�rd�ss siw8 not wcwr.d a P�Mx�d�dats ot fhe nk:e or rhe p.ymax c!urrf installnxms caNed 1or tl�erowwlw
<br /> t2 TiusAOr lYot Fioleased-Ext�x�sfon d the tvne!or payment a modifkation ot ary arnatiza0on or the n�debtedness yra�eo by Sa��,+icary w ar-,+
<br /> succassw in kMrrast of k�:�skx SI�aN not cP'��OD relet+se,in anY m�n^er,Ma IiaDilrfY d Tiustor end T�usio►'s S+�cCesso►s in interest.Benet+ciarY shaY
<br /> , na ba roqui�et!ro com+nw�ce woCeetivys e9aNst sw-.h suCCessor a refuse ro oxtend r;me Aor pay�nwnr or othelwLse modJY amortixat'r,Jn ot uw
<br /> kidabledrwss DY roason d anY d�+nand made bY TruSto►and Tiusto/'s successo+s h wdorest.
<br /> 1a flnar►Clal U►tormafp+►•UPa+^a0'�st of Bet+slklary,Trusfor wAl provldQ ro Banelicia�y.within ninety(90)days of tAe close o�each/iscaf ywr of
<br /> Tiustor.tlw consaGdated ba►ar►ce sl►eet and statement d exnings d Tiustor and wN end au guamto+s ol the tndebtedness secwed hereb}.d enY.
<br /> -- end wiU provide and ale4�r to Bene�iclary such otl�er/inarw�a�inJormbtion and in such manne►as Beneficia�Y�►uY reasonably re4uest fnorn time to
<br />-- tirrlY.
<br />-� 14. Financlal Covenants.In addftion ro ary oMwr�inancia/covenents d Tiusta mede in any Wher agreemenG��strurrwnt a document, Trusfor shaD
<br /> complY with and sha:!cause ary and a!I guarontas o/tha lndebredness secureu herehy fo comPry w;rn.a bo in compuance w;th.the f+��lowinp
<br />- f�nanclal oo�wnanfs:(This parap�raph shaU not app�y if coven�us and requuemenfs are not set fath heroln.)
<br /> 1�a $CA6duN o!L.eaSes. Within ten(10)days a$er demand. Tiustor sheD fumish to Benet�c�ary a sChedufe.CBrA�+ed ro by Tiustor. setting fOrih a/l(gases
<br /> d the Tiust Pro�perry.�r enY Portio+�:��reW includinD�n each case,the name d the tenants a oaupants.a dosc��ptan o►the space occup�ed by
<br />, � such tw�ant a occuAanf,the hnta!payable for sa+ch spac�a�d such orher irMO+mation and docwnents wrth rospect ro such leases and W�+es
<br />_`� as Ber�pf�ciarY maY^Paso"ably nquest.
<br /> 1& Cpyanynfs ol Tiusfor wifh RespeCt ro Leeses.Without the pno►writlBn Consent d Benel�Clary.Tiustor shall nof.d�recty o/�nd�retUy.wNh respoCt to
<br /> � ary lease of space in the Trust Prope�t};w any porta�thereof.wlwtl►ei wch Wase Is now or hereatrei�n ex�stence_
<br /> � —
<br />
|