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<br /> c�ys�,t�i�r�ir due dates and sh.�ll,wlthin ten(9 Q)d:►ys af stich paY+nnoit,dnlivwr�raof th�reof m
<br /> tit�c��€'iT}��t��,. .,�
<br /> Bern��ti��ary may,at any tim�t at Ben�tfid�r/'s ontion, apply any sums or amaants recetved
<br /> p►��x�+�ox�t��e�';�,or as rents or income of thA RMxtga�cd Pr�rtY m othenvf�+� upan any Secured
<br /> f�t,ltga,krnr�,lm��ich manner arx�orrl�x aa Bem�fir.i7n,r may sl��ct. 7he rec�ipt,u�or ap�tication of any
<br /> s+;�Tf��su�n4.k►Y•,:Benefir.iary Frer�untl��shail�naR hE!constivac! to affect the maturity of�ny SSecurr.d
<br /> CDttllg;,�,rcx��t�:s�+n�+of tIM right;�crt���tiwea nf Be��e�fat:'r;�n}undt�r ihe tc�ms af the I.oan Docume�n�5 rx any
<br /> nf,�fii�.�l:►6�t�,atl�ti�s of Trusto�.�r any guarantor under t�?��;�.�an Llocume�its.
<br /> 5ectit�ri 1.0�: ',,,.����"p.�.�. �fter t4�e occurr�nce af any casualty tn thP MortgaRed
<br /> F?vc�`+tY�c�r any�s�e therc.'of,Trustor shall give pro�m1 pr�"t of insu�ance`pmc.eeds;T ast�x shallnprov��
<br /> i�n s u r e r a n d�x o m'j�t 1 Y Submit a clafm ro�nsurer for ymen
<br /> �er+pficianr wit}�a�apY of such claim. _--
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<br /> : (a� All proc�eds of insurance Paid or paY��t� und<:r any insurance paii_ry tme
<br /> "Insa��ance Proceeds")with res�ect to t�,e Martga�ed prope:?Y shal)1�paid ta Benef�iary;each
<br /> insst� �s ��Y a��1zed and direc.�ed to make pay�:�tient f�r a�y such lvss directlY w
<br /> B��►efi�:ia�Y instead of payment to Trustor. Any fnsurance�'i�ac.�eeds sha11 be a�plied first to the
<br />� _ p:trym�nt c�f all casts and expenses incurced bY Ber+e6'�iary in ot�taining suctr proce�'ds.
<br />� F�ravided no Event of Default has oecurred hereunder,or arS�event which,with t#�e passage of
<br /> �ime or the giving of notice,wvutd oonstitute an Event of[�'�uh h�*reurxier,
<br /> tfiE►balaK�ce of ttn�
<br /> �xoc5eeds,if any,shal)be(i)aPPlied b1►Benefic.-iary towan�a4terina,rr.si�ring or rebui{ding t#a�
<br /> or such portior�theneof that may have bsten alter�d.dama�ed a'destm'Y�d.
<br /> _ ��P�y � �Y..�... s.��„���nl��r as BeneficiaxY n1�!Y in its
<br /> ,a�d Ci� tfte bala�c.�e x�,ainsc sums sei.;;«, ��_..,, .. . �.
<br /> �� al�solube discre6oq elect. Sucfi damage or destt�uctior�shaF9;nnt affect th4:lien of this Dee.�d o�F
<br /> :� 7rust o�;tF►�t�A���+�s of Trustor hereunde�',and BeneP�iary is authnrized at Beneficiarl�;�.
<br /> �.�,.� � ise and settie all Ioss claims un said�g�licie�s if n�►t adjusted prcxr�xiY�'Y �,,:. ,
<br /> ���,
<br /> �� s in R'�'t'manner set fcxth a�Fiove shall be
<br /> , Trusi�st<�,�'he a,ppliraticAn �f Insurance Proceed �y,in
<br /> . oonditional upon 7n�star first de�ositing with Be�n�fiei�r:±such amnunt as 6ene�ciary . . .,
<br /> e discretion,determine to he►�ejuired beyatGt tfie Irisurar►c�e Proc:et�ds ta oomple�e
<br /> itS reasonal�{ ,cm thereof as maY
<br /> ' the ahering,restoring or rebailding af the Nl`oi1&�►gecl P�o�,1�rtY.or suc:h por1.
<br /> . � have been ahe�ed,dam�a8ed or descroyed C'�ddi6onaa;�:unds'1. Disbu�se+r�ent af Insu�ance
<br /> . � Praceeds.togetfie�with the Additiona)Funds,if�ny,r�vquimd to be!sa dep��.�Y 7�
<br /> , . with BenefiGiary shali be in aocorda�x�e wit� Bene#iKrnar�+'s tF�e.� cur�ent ca�s't+'. ian toan
<br /> " utt has o�n�rnxl whi�ci�►avu not curr�wil�in�f��txe
<br /> '�:�'�'�:: procedures. if,twwever,an Event uf D�f'a, . „. � , ,
<br /> ,-��.;�: the��d n�f tfie�l�d�'�'i��u!'..
<br /> `�r;,�,�i�;�,1p'cable c.ur�period, if any,or Trusto�r�ias faEted;I�i i�►�++� �P� ��'`��.
<br /> �� � ''�'��ii�ls;�+in thirty f30)dxYs follo�wing the date of n���ipt of tho Insarance .�r
<br /> ':•�.. b�rii;e of d�e p�oceed� if arry maY be ap�ied at d��e op�a����`�'��'�'�'��""'�� . .
<br /> i; ' ' tt!@Tt!�'f t�lii[�111y}�
<br /> restoring or rebuilding the Mo�d�''�'�p�'�Y�sucfi port . ,
<br /> 'I, ah�red,riama�ed a'des��yed�or(ii?a�r�1�sumtt�se,am�d he�f►in suc:h adet as Benefic+ary
<br /> ''�' may,itt its at►wlute discretiot�elect. � ' : . ..
<br /> i..• : ;:;., . '� to th� t of a :�
<br /> ,� '; ,., � (b) Notwithstandsn�the applicat6,,m of Insurance Pr�ceeds �Y� ..
<br /> '�` ,��' pr,,� of the Secured Ubli�,ati�s �:m �E po�tion of ttie Secumd Obli�dions shall rc�nain
<br /> �'� � 7rustor slr�l�nofi;fue�excuse�d.in the:payn►e+rt tF�'evf- If a�l��t�a.�i';_,
<br /> • � . � . 1n�fu�l.l+�orce�nd effect,and i�d or oMainabl�:s�au�.'�:�:,jt,,:�',�:';�.
<br /> .. .�t�+rtrence of any kind or�atu�e on whicY� insurar�e was �� . . y,
<br /> i�e�sult i� dama�e tn ar {a�s�w d�rn9 af the Ma+tgaged ProPe+tY, T.ti-�stor shalf-�+ve��.•: '��•;�:<�.;,;
<br /> ..,�.��..
<br /> imrr�diate notice thcKeaf ta�geneficia��,and.unless othe�wise so instrucix�bY Se�'�►� :�:�; �;:
<br /> ' r Se'�1fVF1!"�ffCl'Of flOt�'lp!�flSIR'�M�prOC�S>�f4°;� ' � '�"'
<br /> shali qx¢�er�ptly.at TrustcK s.,oie�ost asn:��expen ir lace and re�uik!the Mo+t�3a�;��
<br /> adequate to�:ov�e+'such ms!�nd ex�se�re�o��,� •�P ior ta such �
<br /> Pmpe+ty as near�y as�possit��t�v its valtie,condition and charader imme�fi��pr
<br /> dama�ge. Ic►ss or destn�cticm,in ac+cordance wititi plans and specifirations sc+bmitted to arx.l
<br /> � ap�xoved by S�e6eiary.
<br /> _ ,�yr�_�_... ,,,,��,;.,o rnntainecl in thiS Deed of T�USt Shall be
<br /> ��j ��n m�z,.�...a,o,., ..�..._-o----- �ProNeity as providecl _
<br /> deemed to excuse Trustor from repairing or maintaining tb+e Mortga8
<br /> in Section 1•04 hereof. Th�applicati�n or release b}�Ben�ficiary of any Insuranee Proc�eeds
<br /> stiali nnt curc or waive any Event af Uefault or noiice of def�uit under this Deed of Trust cx
<br /> invalidate any act done purseiant to such notice. If$eneficia�yr elects nos to so app�tfie
<br /> Insurance Prooeeds to t��tion,rebuikling rx repair of th�e Mortg,aged Pr+�n1+pi+
<br /> to Section 1.0�(a3 hereof,�'rusta shall not be�equired to restare,rebuild or repair the po�tion
<br /> �����g�p�q�erty damaged or destroyed,and the failure to do so sha{I not c.�c►r+stitute
<br /> an Event of Qefault under ehis Deed of Trust.
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