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<br /> Ta�o�n��oF ni�s�usr o�a.TAUSTOR HER�Y COVH�ANTS AND AtiRE�S/1S FOLLO�NS:
<br /> 1.lAYI�MT Ci�IwIC��t.�Iq WTEAEf7.Trus�t sbyt{xaept�f►P�Y uAun dIN�0 0��0+�W and i�on Ms iad�Qtedn�st avld�na0�'!f
<br /> t!y doY.and M o1M►tA��and!NS ss ptowiQed in th�l�ds.and tAaprindPa�of and intarost an ae►y FuRrs AdvancK s�eur�d bY Mis Ttust ONd
<br /> 2 wA1M1ANir pF TmE.Tnutor b tawfuRV s�ane po�d o►vood ana indsreasiDts uue and as�t.ca ths ar�eA�r neracy oonvayea ar�a
<br /> -- h�slfrri�N b�rant�nd Ca►+iW UtaPs�P�Ylstresand ebaFO[aiMli�nsaM f�f,4 i�Qw ot r�crd ind Trusta wiN
<br /> w�trM 1nd deNid tM ti1N W thlt PraDertl!�►�st aIF ci�kets ind dwnands- . - - --- - — _ -
<br /> 3.WMiTd1A110E� LAWS.TrustarsAa�kaiPlhei►�raP�h�^4�rspairandcatdiponandah�H twtcatnmRiras�a pNmi!
<br /> imp�kenM�t or d�Yriontian o�the Property and��mp�Y with th�P��Y ot any leass if this Tnis!Ossd is an a teasel�Wd.Ho imprwemsnt now
<br /> o►h1rMIUr w�ctrd upow hie Rropert!►ehlA1 b�al�nQ.rorteovW a dart�oYsl�ed withot�t ihs Pria nrritWt consento!8an�fiei�[7l.Trustor OAaR ce�rt�PNwith
<br /> ,�il Mrs,arditw�cN,nyi�tions.oo+ren�ntf.oaiditians and c�ictia�s atfectkE9 ths Pr'oP�Y and tat cammie.wtter a P���Y act a 0�don�in ar
<br /> uppn 11N Pu�p�rtY let violadon of arry lar.otd'inan��regu�atb�►.ca�enan�co�OiHan or restrfetion.Trusfor aAalf oomPM�s a reslors promplly and k►�oo0
<br /> wOrl�tnik�mlrMNranll���tonda PtOpeny whichmalFbed�n�ay�da e�aoysdand W�l/.wf�endue�aJldaimsforlabolD��andmaNrials
<br /> iirnl�fMO thNNor'snd tot inY aM�ratians thenof.
<br /> 4./�IINApCE.Trustar.u ics sxpenss.wai mairi�sin witn insurors avP��vee br��.imwrancswan re�pea�ouro imw��rs and verwnat
<br /> = app�ly.apr�Nnyth�ptcpe�ty,ag�inettas bjrfre.li�tr�kg.iaaaoo.anAaherpxib andl�amreseo�ered0l►�d�x�����"d°ra�"'�'�
<br /> ' . In an pno�a�t squat to st teast one hundred P��(1l149b�ol tta tuM raplacement value thereof and itwwance against auctf altier 6a�rQs and in wCh .
<br /> amo�s�a as is a�itY c�ried by a�mers and operators ot simitar vroperties or as B�reficiar!►malt��ta ia pratettion.Trustur.i�compty riitR
<br /> - pari,irm�intairMd�m tldsTrust tTemd ahaN name Trusca and Bdi�iary asirtsu�eQ.astts�cespeaive interests malt aPP�►•ae�aa�+ace�,.:�;;';',- -
<br /> - dMhbtnoC�aW6onarmottifiC�on�autatleastlSCays{nforwrBBeit�r�pH�UOrtOoFi'tt�e02R�dB�eF�Y�YP���in�urenoe�.eico�+ier3d;;.:i'';_`
<br /> �rilA fl�s Peo�aions aE Dar'�ap�s�necea�:T�,�scar shal!de�nrer to 8er�+oi�n`e i�igr,�4�t�df�;es oE t�?and eenewals thereof.ot neear�c�A�.oi4�:�:`�;:
<br /> s�►voGonsaM+�re�R;tttereof Far3�tt�tbmesn.sudr.�rrsuran�oea-�trt,.n,�r:�7cia�rair�i625�Nia�lndessh��ttneoptiarictls. '�i`��►y�
<br /> -- .o�lu1R;��AIauR. .,, . � :.:. .;;•�:, ,..,
<br /> - ,. �!'y" �A�IQIT$Alp�'a-ri�us;s',a'�4i;�2yatFi,�.r�.vao.'�iil�7ciY�t.'te�c`:,�.tsof�L�in�,w�i7�axt'im'iGYfbca,�ftise5�ts',p'ae�� , ' _
<br /> f � p[operlyandleaSBltG�ff3!r',�L .3f?�-r�'^ 'drSl}!i.�iiE�"eS8r4J�fArt�e�t3'v�r4;}.l`.?'r,��,1�+'r,9`���T�Sjt�rl7rul�s.i�l�qefieliry�,
<br /> .�i��moiMtsctueu�derthispa�?;:�i!!a_r���i��`r�l'��pzyrriei�C{reatty;T'*�t�"s-'�A'�ic;r,7�f Sun7i�s.usri��[r�i3yreceipts - .
<br /> �r :� .' �?b,e�sccliPaYment9,Ttusta�tr�]'Fc-,v6:lt�xe�as�:��i�r�r.*+?ay1:e-leri�u{iait:G�'�-.ra�ai�`sinterescl;�'eiirarul�WfU:�s?'�vBtDeed � '
<br /> ,, I �,�.:' '�!��f Sa�Y�9��Tr�i•1ie;�:.�,..~eC impwin9 Paymen[at i�'r�9��r a�y:���-u�[iT i+:re 8enet�ciary. :",,.:• . i
<br /> , . . `.rt�``°�:_
<br /> ��`c�: - g,��jIIAA1,C�5Rt�s�iCNOFBENEFtC1ARY'SS�fY.Trustorshaltmakea��ayinenwofinterestandpfirtcip�E�^;�payments ��j r
<br /> .`;t<;, o/any«heircryaryes,feesa.�td expanses contracte0 to be pald to any existi�g w subsequent IlenFioiMr a baneflciary.urW�►any existing orsubsequsnt ;�,,.f��-,
<br /> ri�.,.o
<br /> "•t.':'• �i'�'-...
<br /> mort�p�a hust dsed befas the date ihey are Gelinquent a in aetautt,and prompttypay and discharge any and a11 othe►nens,elaims a chugn which ::',�,�,�.�.�;,,,�_
<br /> rnsy j�op�rdize the securiry yranted hereln.tf Trustar faits io maks a�ry such payment a fait�to perform arry of tM cavsnants and apreement�containee ' r "� ';�
<br /> e:
<br /> in thls Tn,st UeaO,a ihs Nots reterred to herain.at in any pnot M subsequenl trust dsrC.a it pny acpan a procNdirty is commenc�d whitN materially �i-
<br /> � �R�cts 9m�fictary's interest in the Property.including,but rtot Iimite0 ta,eminent damain proceeding9,proceedinys Invotving e deceQant,noties ot aate
<br /> . byTrww.nouao�QefaullbYTrustee,mongagef«eclowrsactan.aifTrustata►atopayTnuta'sdebtag�na�Ilyasth�ybecom�Au�.lhanBenN�is�Y� "_. �
<br /> . • �: p 6�wlielsMs optipn Andwithout noGCS to a demanA upon Trustor and withoul rele�sing Trusta fram any ablig�tion�ereunder.may mak�eucfi appea�ncaa � _-. , __
<br /> - di�buns weh wms and take sucb actian as ig neees�y to protsct Beneticiary's inf�rest.I�np,but nat limited w,Cisbureement of rN�anaD1�attorrNY'� =. `�yr�'• +.
<br /> . f�,ptymsnt,pureha�s.contest a compramise o1 any ertcumDranee,charge a I�en,entry upon the P�operry Io rt►ake rpatrs,a d�clration of dMaue •°:'-�'.
<br /> undrr thit Trust ONd.In the event thal Trusta shall fa�I to praure�nsurance a to pay taxeA assessments,a any otMr charq�s a to mak�any paymenta , •
<br /> {o�ny�xistlnp a subsequenll�enhotders or existing or 6ubsequeM Oenel�ciades,8eneficiary may procuro suCh inswance and make eucb psyment,hul : ,z
<br /> sh�N aot tr�obug�ted to do so.Any amountsd�sbursed by Benehaary Dursuant to this Paragraph 8 shall becomo aCO�tional in0ebtedness of Trustor eecurad ".�r'• ;Y
<br /> by Ihls Trust OeeA.Such amounts shall be payabte upon notice hom 8oneficia.ry to Trustor requesting payment thereof,and ahat�bear Interest ham the __
<br /> = Cat�OtOiibur�sment af the rate payabte trom ume to nme an outstan0ing pri�cipal under the Nate unless payment ot interaslatsucn ratewoutd bscontrary •: : - -
<br /> �: toapplkabklaw.inwhicheventsuchamauntsshallbearinterestatthehighestrateperm�asibteunAe�applicebtetaw.NuthingtontaineCinthisParagrapls �� •' �^?�r
<br /> • . �:t 8 shs11�equlrs BeneAclary to incur any expense or take any action hereunCer. `" � i—
<br /> 7.ASSIQNMENTOFAENTS.Benef�ciaryshallhavetharight,powerandauthorityduringtnecontmuanceaflhisTrustQeeOtoeollecltherents.iasues �=_ •
<br /> • anC profita of the PropeAy and o1 any persanal propeny tocated thereon with or without taking possession ot the praperty aftected hereby,and Trustor � �_=__
<br /> ' ' hereby absolutely and unconditionatty asslgns aD such rems,issues an0 pro6ts to BenetiGary.Beneficiary,howeve�,hereby consents to the Trustor'a . ���
<br /> colbction and retention of such rents,issues an0 protds as they accrue and become payable so long ae Trustor is not,at such Gme.!n defau8 witA respect __- -
<br /> to paymerrt ol any indebtedness secured hereby,ar i�tne pertormance of any agreement hereunQer.Upon any such Cefault,Beneticiary may at anytlme. , � __
<br /> . � , eithar in pe�son,by agem,a by a receiver to be appointed by a couR,without notice and wrthout regard to the adequacy ot any security fa the indebteQness ;�
<br /> � t, �;�, herepy secured.(a)enter upon anC take possessian of the Aroperty or any parl thereat,and in its own name sue for or othenrise cotlect auch ients,issue� " `-•t--
<br /> � •_��• andproffts.inctuding those past due and unDaid,an0 app�y ihe same.less costs and expenses of operation and collection,inctuding reasonabta attomey'� . _
<br /> * r t�q,up0a any Indebtedness secureA hereby,and in sucn arQer as Benafiaary may dotermina:(b)pertorm sueh acts o1 repair or protectian a!may Ee ;:. .. __ -=---
<br /> • ;y; ���ry q proper to conserve the value of the Property:(c)tease tne,arne or eny part thereol for such rental,term,end upon such conQitione as it� •,'�:• .: ��i��'
<br /> judyment may dictate,ar te�minate or edJu9t 1he terms anO conditions of exi5lmg leases.UNess Trustor and BenefiCiarythereof agree atherwise in writing.
<br /> �� eny spplicatlOn ot rents,issues or profits to any indebteQness secured hereby shall not extend or postpone the Cue date of the i�staltme�t paymenls as ,
<br /> . . :•',;,:�,�ti�, ; pravide0 in said promissory note or change the amount of such installmente.The entenng upon end taking possessian of the P►operty,the collection
<br /> ;;;��.�; .. of sueb rente.issues end profits,and the apphcation thereot as atoresaid,shall not walve or cure any delauN or noUce ot detault�ereunQer or lnvaliQate
<br /> . '�•;.�� any act Qone pursuant to such nobce.Trustor also ass�gns to 8enel�ciary.as funher security tor thd perfarmance of the obligations secured hereby.all r
<br /> ' f � � prepaid�ents aad all maniea which may have bean or may herealtei be dvpositeA wuh said Trustor by any lesse9 01 tha Property,to seCUre the payment . •
<br /> otany rent a Camages.ar upon detault�n tha performance o1 eny o�Ihe pravis�ons hereof,Trustor agreesto Ceuver such rents and deposits to Benepciary. • . • •
<br />. ;�.;^;�'=y' DNlvery of wrltten notice ol Benet�ciary's exerc�se of the rights gianted herein,lo any tenant accupying sa+d premises sMall ne sulllCiem to require sald
<br /> .'�.�-, •�a
<br /> . isrr: tenant to pay rent to the Beneficiary until hirther notice. .
<br /> •;�Y:4.'i�� .
<br />. i�,.E.�;;�;�T�;,. 8.COHOEMNATION.If tdle to any part ot the Property siiatl bo laken in Candamnat�nn proCOed�ngs,by�rgh�ot emmeM domam or simdar aclwn,or
<br /> ,�.^«',,�f:.•.'_ ehvl be 6otA undar throat ol condemnation,811 awa�d9.damago�and p►aceeds are horoby asslgned and shall be paid to Beneficiary v�ho Shall apD�Y
<br /> ' '-�`-,"' ' �ueh awardl.damages and pa,coody Io tno yum secu►ed by th�s irust�oee.wdh 1t�e oxcass,i!ciny.p�id to Trustor.It Trostor recewes any not�ce or.
<br /> " �"��' ° '- _ other informaUOn regarding sucfi act�uns or proceodmys,Trustor shatt g�vo piompt wr�l�en noaev thereof ta 8eneficiary.Benefle�ary shalt be entitled,at
<br /> �`'�- . � � iL!OptiOn,to Cammene9.eppear In and proseculo in its aNn�amo any suCh aCUOn or pracaedmgs and shall bo OntiUed to make eny Compromise or s9ttlAmenl , .
<br /> '��t!`• �° " In COnneCtlon wlth any such actlon or proceedmgs. `
<br /> �-.--r-_•,-�.-�' .
<br /> "�-a'�rSR �' i g.FUTU88 AdVANCES.�Jpon request ot irustor.9enef�aary af Benf�hci�ry's opt in n,p n o r t o r e w n voy a n c e o l th e Pr opert y to Trustor,ma y make E '
<br /> ' . - . -- tuture advancestaTrustor.�8uctrfuturaadvancos.w�th mterest tharean.st�all be secure�»try ihrs Trus�Ueed Krhen ewdenced by Prom;ssory notes slaUng �-•
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<br />_. .. . ��.. . .:_ • that sald nates ete seeuted heroby;provided that at no timo shall thd securod pnncipal and tulute advanCes,not inCtuding sums advnntetl to prOteel
<br /> - tMe secutiry,exCeed two hundred percenl(2006�0)of thb o�lginal pnnC�pal amounis seCUretl naroby. ! �
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<br /> tp,pE11EpIES t1��EXCLUSIVE.TwSte9 and Bene'w aty,and eaCh ot ihem.ShBll be enUtlAd to entorce Payment and petformdnCe o�any in4ebteCnes3 t ' , '
<br /> . , ;;_° � orobfig�Gons secure0 he+reby and to exgreise all r�gh�s�r:�powers�ndyr this Trust Oeed or under any e;her agreement exeeutee�rt eo�neeton nerewtth . • ,
<br /> •'""•!' '• ' or 8ny taws now ar t�erEafter in far;.�,a7�N,:ns!�ndmg some oi a«oY.ne sucb mCebteOness an0 cb7��7`�ns secured hereby may^ox�as ne►eafter he ,
<br /> � ' .�-=•S?ri��• �� - otherwlse secure0,wna:her.by moaga��.trr�s[tleeb.p:�9�s.t�en,assigrsment or otherw�se.Nedher!naa�ceDtance ot th�sTrust OeeQ�a=�:s oniorcer.7a�t_. � �,:•.� •
<br /> ; • ��'�';'F ' whethecbyCOUttactionbtpursuanttotnapowerotsa36ad!nerpawersheiemcontar.ea.sha�lpre�ud�cearinanyr�arya�a'le�lTrustee`abrBer+etc,a�y's ' . . .
<br /> .�r�=-�..�--' . �` rlgt,t far�zlucapan aE.enrorce any other secun���a.f;srvaf�r heta 6�T�ustesrh�4�_Mieiary,is being agreed tr.z;t:u5.2e and Henp.':waryl.and e�s^ _ ', _ -- _ -
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