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<br /> � G.1 I9G ��"' �.��'�l��, 1'itE�No. Da0 _ _
<br /> . fine,penalty,inierest or cost n�ay k�e added thereto far the nanpayrnc:nt of an►�scich bistallment
<br /> and imterest.
<br /> (b) If at any time after the date hereof there shall b�assess�d or,+mp�fi�td(i)a tax
<br /> orassessment on the Mortgaged Property in lieu of or in additfan to tft�Imqr►s6tians payable
<br /> by Trustor pursuant to subparagraph(a)hereof,or(ii)a Iicense f�Q,t�7x or ass�samant,imposed
<br /> on Beneficfary and measurcd by or based in whole ar in pa�t upnn �th�t amaunt�of the
<br /> outstandin�Secured C?bligatinns,then all such hxes,assessmsnts ar f�os sh711lbt�dFiAmed to
<br /> bc included within the term"Impositions"as dE:fin�ed In subpar.�Qr�ph(a).hctr�:af,�and Trustor
<br /> shall pay and discharge the same as hersin prnvided with respect;ta tlte payment of
<br /> Impositions. Ir�addition to the other remedies of Bennficiln/undKrArti�1H V of this Deed of
<br /> Trust,at the option of Beneficiary,�11 Secured Obfi�atians,tc�geth�tr wiih�all accrued f�terest
<br /> thereon,shall laecome due and payAbl4:onQ hundred einhty t�ti0)a1�tiy�,aftPr Trustor recei�res
<br /> written notice the:reof in khe aewent that Trustor shall nat bo pormittsd Ya pay such fees,taxes or _
<br /> assessments on behalf�r�taefECeary. -
<br /> (c) Suajec� to the p�ovi�t�ns of subpara�raph�{cll�af this Section 1.10, Trustor
<br /> cnvenants ro fumish B�.�neficiary within thirt�� t3Q)�dsrys aft�rthe date upon which �ny such
<br /> Imposition is due an�p���+abie by Trustor,af$aial rPr.�i}�t�nf�the appropr�ate taxing auifiority,
<br /> or other proof satisfactory ta Beneficiary,evid�nainp thf���yment thereof.
<br /> (d) Subject to the applic:abie state law pro�istans;,l'rusror shall have the r�,�,t�t before
<br /> any delinquency occurs to r.ontest or object to the amount or validity of any Imposition by
<br /> appropriate (egal proceediny,s, but this shall not be deemed or construed ir� any v+�ay as
<br /> raiieving,moaiiying,or exiending�rusicir'S�uvci�ai�i i��,�y a��y�t;tl���s�cs�i'sc:s at il��iir.^.e
<br /> and in the manner provided In tYtis�+ection 1.10,unless Trustor has given prior w�itten nntice
<br /> to Benefici►i�yr uf Trustor's int�nt tm so contest or object to an Imposition, and unlrss, at
<br /> Beneficiary's sole optic�n,Ei)Trusiar.�hall demonstrate to Be�teficiary's sata�'factton that the legal
<br /> proceedings sh�ll�ar,cEusively operate ta prevent the sale of t�ae d►Arxr�a:�Properiy,a'a�Y
<br /> pa�t then*o'f,to satisfy suc:F� Imposition prior to final det�33nat:o��,u¢s±�cii proceedings; (ii) �
<br /> Trustor shall fumjsh a good and sufficient bored or su�ety as is�c��,�e�tecF�y and satisfadory to
<br /> Rwe�ciary;and(iiil T�ustor sl��i9�have provided a good am+S 3u�fcci�ra2 sindertaking as may be
<br /> �equired cx permittecf b�y law to accomplish a stay of such proceedEt�:
<br /> (e) Yrustor shal!deposit with 13eneficiary or�the first business<e3aY cif each and every
<br /> calendar manth,until all Secured C�bliga4ions are paid in full,an amount equal co s�n-�twelfth
<br /> af tt�e annua�l Impositions estimated by Beneficiary to be next due on th�Mortgaged�Rroperty.
<br /> Trustor fuither agrees to cavse all bills,statem�nts or other documents r�lai�ng to{+iipositions
<br /> _ to be sent or maited�lda�ectly to Beneficiary. l:l�on receipt of such biils;statements or other `
<br /> documents,and pnr+idr.d Trustor h7►ss deposited sufficient funds purs�ant t�ihis Sectiar�1.10(e),
<br /> 8eneficiar��nay pay such amoun�s as ma�r be due thereun�ler out of th�funds sd�depusited.
<br /> If at any timP and ftx any reason the iunds so deposited a�e or will be�nst+fficient to pay such
<br /> amtwnts as may thete�subsequently be due,Beneficiary shali notify�7r�a�tar,and Trusta shalt
<br /> immetiiately deposit an amount equal to such deficiency with �n�eficiary. In its sole
<br /> discretion,Ber�ficiary may waive Tnista's al�lig,ation to comply with the deposit requirem�nts `
<br /> of this Sectio�t.10(e),provided tiiat geneficiary may at any time,ire its sole discr+etion,rescind
<br /> = suct�waiver by notice,whereupon Trustor shall�surne depositing 5uch�mauna in the rnanner
<br /> � required herpin.
<br /> ' Ndtwithstanding th�e fcxegoing,n►�thing contain�d h��ein�hall rause Beneficiary to be
<br /> deemed a trusiee af$uch funds or to be obligated to expei�d any amounts ire excess of the
<br /> . amount of f�nds so depdsited pursuant to this Section 1.10(e). Benefi�ciary may impound or
<br /> reserve for future payment of{mpositios�s such portion of such payrrccva±ts as Beneficiary rnay
<br /> : in its absolute discretidn deem proper,applying the balance on the S�+ecured ObEigations. If
<br /> Trustor fails to deposit sums sufffccent to fully pay such(mposf4ions at least thirty(30)days
<br /> L1__ _I_I_.��..�.��.. �' � Q�'n.v ..�o•� of Qnn�'ani»v�e nYsfrli�vf {v�! tui�tn�l! 7YfV.
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<br /> obtigadon so t�do,advance any amount�requi�d to make up the e�efic�iency,which achranees,
<br /> . if any, shall be secw•ed h�reby and sh�N I�e repayabte to Beneficiary as herein elcewhere
<br /> � provided, or at the option of Beneficiary, Beneficiary ntay, without making �roy advance
<br /> whatever,apply any,ums held by it upon any Secured(�blig,azion.
<br /> ' (fl Trustorcovenantsand agpees nat ta suffc�,permit or initiate the jaint assessmenx
<br /> of the Real Prope►ty and P'er�.�onal Property,or any other pr�edure whe�eby the lien of the Real
<br /> PrcNrerty Saxes and thp lien of the Personal Property taxes shall be assessed,leviecl or charge.d
<br /> ro the A�Sartgaged Property as a single lien.
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