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<br /> ' f�,OF.�'�r, E�ile Nn, A�7
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<br /> (f� If r�qu�ested by&+��lary,bcaller and machinery in�urance covsring p�tssurr.
<br /> v�!ssels�afr ta�ks,bailers,machinery,�ressu�pipin�,he�ting,�!r conditionin�anc!�IAVator
<br /> �lilKliicilZ wii�i�.-�::.f.:ic�ctislpm�:�:�R:a:�;���ih�Em.�rrn�em�r.�cnnt�in e��!i�m�ns nf rf�rh
<br /> �ature,and insurance�ainst(ass o�oc�cupancy or uw�r�sing from any such brrakda���;,in
<br /> stich amounts as are s�tisfactory tca Beneflciar�;
<br /> (� If rnquesteci by B�nPficiary, flaad insuranr.e if the Prr,�perty is in an area
<br /> identifie�d as a spe.cial flaotl hazard ama pursuant ts�the Flaod Disaster Protection Act of 1973,
<br /> aa amerxied,a'otheN'applicabls law,with such insuranGe t�be at teast the amaunt availabin
<br /> undc�r the t+laticxtal Flood Insurance Act of 1968 and,if avaitaaf�unde�other poticies issued
<br /> w;�utfier saurces,then in siich additi�na!amounts as Beneficiary may�P.asanably require;and
<br /> (h) Such other insurance,inc0uding,without limitaticm,earthquake insu►ance,as
<br /> may fmm time tu time be rec�ulred by�eneficia�y►,in such amounts and against such hazards
<br />. a� �isks, a� is commaniy oFNain«�# Iby prucier�t owners taf p�operty simiiar in use iv ii��
<br /> Mort�gYd Pr�ty and locaced in the same area in which.the I�roperty is loczted.
<br /> fi11 policies of i�suronoe required by tf►e tem�s af Rhis Deed of Trnist shall ronWin an
<br /> end�orseEm�t c�r agre�nent by the iitis:�erc��that any(ass�tu,At;i�e paya6te in accordance wiifi the tenns
<br /> of such Fi�lic,y, natwiihxtandin�.�ny act or negligence ia�Trustor whi�ch might ot�r.rwisr. result in
<br /> far6eiture of uid ir����-a�nce. ��i the further agi�eeme�t of tfie insur�+r �rvaivin� al3 rights of setoff, .
<br /> countorrlaim a dextt►c�i;ans a�y�5st Trustor. .
<br /> Section 1.Q6. j�,d�p�.�f All po�i�+es�f.insurance
<br /> — • •-• - - .. ._ . . .. .�. ..�L__..._ . .:..__�.�_.....__r� ......i
<br /> Sflall DC(SS�Q Djlt�Nl�f1IeS afR Stl aI►IUUfRI its(OI{WfCtt rry u�e�wiS+�xsa u u�c i.a�wir v ari"-s*.���.
<br /> as odx�wise sa�is�c:targ►3o Eicr�eflciary. Ail'p�,licies of insurance sl►a!l�nf�me Benefic.-iarY as a r,+,�n�cf
<br /> UsarGd, arx! sball hWnne attached th�eta a lenc�er's ioss payable e�e�',c�+s�rnent�or the b�ri�:efit of
<br /> - g��;��;ry� which �xk�s��in�:r�k,:Rndicates tt�at a!1 insarance pra�is arr ,�"�y��ble dinectly to
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<br /> � Ber�fxci�y,artd shaH be dlx�i�+i�°n iarn satisfactary to BGn .�iciary. Tnistor sh�i3i;�6i��ish Bene�f'�iary
<br /> � � witfi an�xiginat ar c:e+tiflsd eapy�all policies of�equired inwranc�.,,. �
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<br /> . �i:�.; ,
<br /> Fifteen(15)�ws prior ta the expiratiun o6 each such'pc�lity.'(ts;vj!Slor shalf fumish Bersei�iary �
<br /> with evir�enee sati to Ben�c'iary of tf�e reissu�nce r�f a polir.y aai�tinuing insurance in forc�e as � .,, : .
<br /> roquired lry�tfii#�Trost:;;,��1 wcfi policies shall cantain a pm��,3�n that such p41E�cies'`will rs�dC ���. ',';,
<br /> be canc�ed ar m�t�tii�h,,!,ame�*��i in any mant�,inciuding,witfi�o�tp'fii�is�rtatian,amend�d ta rWfii� �;�)r�`�
<br /> � s, :.,ti . , the scope or timitx c��c�erage,without tliirtk^:.�30)days'priar wsitCeri S�iotice ta Beneficiary ar�a����,ill ,
<br /> �y��'�,� :,,.•, prw,ide tF►�t no clarrr�ts��•�+il b�,` tliereu�er without at least ten(10)days prior,writ�€n_rro¢�r„e�tQ ,.
<br /> ,; ,, ;��a c� ; ;
<br /> .. . Benel'�i�7.,�1n�alf c�ses,Tre��¢�:•�?i�l!immediaMiy give nt�tiae to Ben�ciasy af�rey�natice.receiv4d ...,
<br /> , by Tn�'t�,4pf,aWly�S+;�tion,�cf�;ra�ion or modi�cat.icxr`�lF;;:rx rraaieriat�r.ductiqn'`i�co�re+-�gr.t,xxier, .�,.�;..,.,�; .
<br /> . anY su�}�k.'Y• .,�,,;.;'" . "�{�'��`�':r;: . .
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<br /> . '., �!{ri;E1�e rvmt Tnnta fails tv pnavitfe,maint:in,ke�in kx�ce o�i'�,�f tiverand fumish b Bt�ne�y
<br /> ttm��xa��:,'�itx of inswance re�quired by this Uced of Tru�t�or make 14i�+deposits r�qui�eci i�e�+eunder,
<br /> . �leat�iciquy may �rpcure wCh insurance cx s+ngle�in�erest inst'ir�iii�e far such risks covering
<br /> ' • .. l3er�ef'�ciary's ir�der,est,��ancl. T�ruusttcN will pay all premiums N�ereain�:.:Ewan�t�y upon der�a�d! b'y.
<br /> Sen�efic.iary,and ur��!auci�p��nent is made by 7rustor the arnount af aSi seich p�emiums,toge.tt�`wid�
<br /> in�ewesK the�,r�n at tfie Defauh Rarde prwided hy the Promissory hlute,sl�al)be secvred by this De�ed
<br /> of 7nnt. �
<br /> Trustar shalt dcposit with �en�cia����i+ti the Brst 6usiness day of each and every cal�dar
<br /> m+�+i�h}�,�a!!Secuced ObNgaticx�s are paid in fu1l,a non-intere�t�ea�ing an►ount equal to a�twwthh
<br /> cyft�t�j�<�►��a1ed asgregate annual inwran�e premiums un all policies of insu�re�quired by this
<br /> [D�i+�'k�''�rust. Tnistar further agrees to cause all bills,statemer�ts or other documents r�tatin�tn the
<br /> fixeg�oing insixanc.�e premiums to be sent cx mailed dioec:tly to Benef+ciary. Upon rcceipt af such bills,
<br /> �• statern�nts or otitier docurnents,and providt�d Trustor has depc�siteci sufficlent funcis pursuant ta this
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<br /> - JCC:�/V�t� t.w� VCticttY.�atT 77�wtt jiv7 Otsa.ct aftRrcna¢aaa triv] vc .aa�o a.ncnvvtrres� v�r�v. .v.....�.. �
<br /> deposited. If at any time and for any reason the funds sn deposited arr.or wiil be insufficient ta pay _
<br /> • such amouryis a5 may t4�en or subsequently�e due,Beneficiary,may notify 1'niuor and Tn+�tar shatl
<br /> � immed'+aittiy depnsit.��e amount equal to such deficberic.y with 8�nef+clary. Notwithstanding the
<br /> •� �.�r�r,�ain�,nothing coritnined henein sha11 t��ause Beneficiary to k�deerned a tnrste�ef such funds or
<br /> � �m " �r�bf+�ed to ex�any amounts in e�ccess of the amount�f fwxh so depc�sihed,pursuar�t to this
<br /> � S��lYt�t^� i.Ob. In its sofe cliscrntion,Ben�Ficiar�rr►ay waive'T��ustor's e�tillg,ation to corr�ly with tt►e
<br /> dtr:km�.iir,t�equirements of 2his 5ection 1.06,prmrid�d that 6ar��ci�ry may,at a�y time ti►ereafter,in its
<br /> srrt��.�tE;;cretitxt, rescind suci�waiver by nntic�, wfiereu�m T�sior shali resume depositing sucfi
<br /> acr��vc�a��rs in the manner r�equired hereunder. If Beheflr.i:�cy waiv�,Trustor's c�lig,atior� to deposit
<br /> artnr�un�►tr�+n the manner described abave,Trusta�r shall pay all insuranc:e premiUms at IeasE thirty(30)
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