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<br /> � Insurenco p►emlums,ground rents,and a!1 ofher charges whetsoever levled upon or essessed,placed or made egalnst the Tiust _____
<br /> ; ° proporty.Tastor luAhor ayrees,upa►wrlften requeaf by Benellclery,to promptfy dellver to Benellclary all recelpts lor fhe peymenf o/ �
<br /> auch charpes.Tiusto►1(kawlso ag►ees fo pey all faxee,asseasmente end otlwr charpes levlod upon or as�oasod,plaoed a mada =_�,
<br /> - apWnst,a measured by,lhla D9ed ol Tiusf a fi�e rocadallon horeoL �--
<br /> •� a. Appllcadon o1 Paymenfs.A!1 poymenta�ecolvod by Benelicfery es to any debt,qablNty or obApadon owed to Benal/c�ary by Trusta �:,.r.._
<br /> �� `4 may be spplied by BeneNclary to 1he peymont ol the fndebtedness or fo any auch olhei debt,Neblqry or obllgadon,!n any order a j �;=-,..:��_.
<br /> monnei of appqcadon whlch Benapclary,In Ifs absdute dlscrcdon,deeme appropdafe. Unlese o►heiwlse elected by BeneHolery,eny F , � *_°- A
<br /> °�--- � auch peyment shall Ae dE►emed epplled llrst to the payment ol eny debf,NaWllty or ob!lgetlon other than the Note. W �_
<br /> � 8. Cha►Dea;Uone.T�usM►wlll keop the Trusf Pioperry Iree Irom allllens and encumbrances wh�h In any way may,!n fhe/udgment of ,�.:pr�:_V�___
<br /> , � � Beneliclary,hove pdalty over,orlmpalr the security ol,thls Deod ol Tiust but Tivafor neod not dlscherge any such Ilen so long as ��,,.�
<br /> _ heN a ree In writln ,to a the obdgellon secured by auch llan In a manner scceptab/e to Benellclery and ahallln pood feith �`t�,__�
<br /> - � Truator 1 g 9 P Y -
<br /> „ , conteat such llen by appropdafe lopal prxeedUys eHecGve to prevent fhe anforcement oi the hen and fhe loss ol eny interest!n a �
<br /> paAof Nw Trust Prope►ty.
<br />�. 7. Heza�d Inaurance. Trusfor ahall keep fhe bulfdings and olher lmprovementa now exlsting or hereafter erected on fhe Trust Pruperry �_�_
<br /> � lnsured 6ylnsurance canlers satls/actory to Benellclary agelnst/oss by 1lre,hazards lncluded!n the term"extended coverage"and �i=�
<br /> auc h ot her hazar ds,cesrua l qe s a n d c o n d n g e n c J e s e s m e y b e r e q u l r e d b y BeneHcla ry,/n such emounls and lor such per/ods as may be ��•_
<br /> requlred by BeneNclery. The pollcy of lnsurance shall be In lorm acceplable to Beneflclary,provlde thal fhe same may not be � M1 ' ""'�9-
<br /> canceNed or mod!!!ed wlfhout lilteen(15)days pdor w�lften notice to BeneHdary,and�haU have loss payable provislons!n lavor of and � ��;;,�._-
<br /> , _ ,.�����
<br /> !n lorm aaceptab/e to Benellclary.All premiums on lnaurance pollCles shall be pald In the manner provlded under parag�aph 4 hereof
<br /> N or,tf not peld In such manner,by Tiustor making payment et least I1Reen(16)deys pdor to fhe due date,dlrecNy to the Insurance T
<br /> caaler Benedclary shall have the dght to hold fhe poBcles and renewsls thereol and Tiustor shall prompUy lurnlsh to 9eneNclary all
<br /> ., � renewal notices and ell pald premlum rece�'pts recelved by!t.In no event shall Beneflclary or Tiustee be held responslble for lallure to � :�
<br /> � pay lnsurance premlums or for eny foss or damege ar/sing out ol a delect In any pollcy or adsing out ol any felfu�e o�any Insurance —
<br /> �� cAmpany to pay for any loss or damage lnsured a palnst or for lallu►e by Trustor to eHect the lnsurance iequlred hereunder.ln the eveM `r Y�
<br /> of losa, Trustor shall glve prompt notice by mall to the lnsuiance can/er and BeneBClary.Beneliclary may make prool o/loss il not
<br /> . rom or In ro r form b Trusfor.All pollcfes o!lnsurance and any end ell relunda o/uneamed premlums ere hereby �"� . �'^'.`� �,��.
<br /> made p ptty p pe Y
<br /> asalgned to BeneQClary as addldonal securlry for the payment ot the Indebtedness.In the event ol Beneliclary's exerclse of the power � `�,---:,;
<br /> ol sele contalned heiein,or!n fhe event o!loreclosure,all rlght,tltle and Interest of Trustor In and to any lnsurence pdicy then!n lorce � �•,'�
<br /> shall pass to fhe purchaser at the hustee's sele or foreclosure sale.In case ol any loss,the lnsurance proceeds may,ot the optlon ol � � ; ���
<br /> Benepclery, be applled by Benellclary upon the Indebtedness,or any pert thereof,and!n such order and emount as Benellclary may _
<br /> deteimine;or sald lnsurence proceeds,at the opdon o/Benellclary,may eRher be used in replacing or restoring the Trust Properiy ..;,
<br /> pertlal/y or totelly deshoyed to a condlUon satls/actory to Benepc/ary;or seld lnsurance proceeds,or any portlon fherea/,may be � •,,ti��;;_�
<br /> ieleased to Trusto�.UnJess Benelic/ary and Trustor ofhenvise agrae in wrlting,any such applicatlon ol lnsurance proceeds shall not
<br /> � extend a posfpone the due date of the Note,or any lnstal/menls called lor fhereln,or change the amount ol auch lnstallments.ll the .
<br /> Tiust Propertyls acqulied by Bene/lclary pursuant to the exerclse ol tho power ol sela o►other lorec/osure,a!1 rlght title end lnle►est o/ �''�
<br /> �� Tiustor In and�o any insurance proceeds payable as a result o!damege to the Trust PropeAy prlor lo the sele or acquisltlon shall pass I � , ,
<br /> to Benelklary and shall be applled Nrst to the costs and expenses,lncluding attorney fees,lncuned!n collecnng such prxeeds,then
<br /> Jn the menner end!n fhe o►der provlded hereln.
<br /> 8. Preservedon and Malntenance ol Tiust Property.Trustor wlll keep the bulldings end oth9►Improvements now or herealter erected on h ' ; - } , ' ��
<br /> � - t h e T i u s t Pro p e r ty!n good re pa�r end condinon and wil!not commd w permli wasie,wJll rsot attsr tha doslgn or strvcturs!cherscter �
<br /> consNtutlng any building now or hereafter e►ected on end consUWtlng f he Tiust Piope r ry w N h ou t/h e p d o r w n d e n c o n s e n t o l , �
<br /> Beneliclary, wiU not do any act or fhing which would unduly lmpair or depreciete fhe value ot the Trust Properry and will not abandon :
<br /> � the'rust Prope►ty.Trustor wlll not remove any/ixtures consUtutlng the Tiusf Property unless the same are lmmedlately replaced with • � �• �!
<br /> like property subjecf to fhe Ilen and secudty lnte►est o!thls Deed of Trust and o/at least equal value and uNllry. Trusto►will comply wlth ; ��: ;
<br /> � allpresent and luture o�dlnancos,�egu/etlons and requiremenls ol any governmental body whlch are app!lcable to the Trust Property ,
<br /> • end to fhe occupancy and use thereol.ll thls Deed of Trust is on a unit!n a condominfum or a planned unit devefopment,Tiusto�sha►1
<br /> per/orm all o!Tiusto►'s obllgatlons under the declara►lans or covenants creadng or governing the conduminlum or►he planned unit .,4� �
<br /> development,fhe bylaws and regulatlons ot the condomlMum or plenned unit development and fhe constltuent documents. � !
<br /> " 9. Mspecdon. Bene/Iclary or ifs agents may,et all reasonable tlmes,enter upon fhe Tiust Property lor the purpose oi lnspecNon. �3 _
<br /> ' Bene/%lery shall have no dury to make such lnspectlon and shalf not be Ilable to Trusta or ro any person!n possesslon!I it makes or _
<br /> lalls to make any such►nspectlon. - --
<br /> ' 10. Pmtection o/Secunty.ll Trustor fafls to peNorm any of the covenants and agreemen►s contalned in this Deed ol Trust or i!any acdon '�
<br /> or proceedJng!s commenced whlch does or may adversely aflect the Trust Pioperty o�the mterest ol Trusfor or Beneliclery the►ein or , -- _
<br /> the dHe of Tiustor thereto,then Beneliclery,at!ts option,may per/orm such convenants and agreements,make such appea►ances. .
<br /> delend agalnst and lnvestlgate such actlon or proceeding and take such other action as Beneliclary deems necessary to protect Its
<br /> inte►est Including,but not I!mlted to,dlsbursement ol reasonable aftorney fees and entry upon the Trust Property to make repalrs.Any - •
<br /> ' • • amounfs dlsbursed by Beneticlary pursuant to thrs peragraph 10,wi�h lnterest thereon,shall cons►itute Indebtedness oJ Trustor
<br /> secured by chls Deed o!Trust Unless Tiustor and Beneliciary agree to other terms of payment,such amounts shaU be payable upon
<br /> � nodce from Benellclary to Tiustor requesting peyment thereol,and shall bear interest Irom fhe date ol dfsbursement et the default rate, _. „�
<br /> ll any,sef/o�th in the Nofe,or otherwise af fhe h(ghesf rate permmed by few.Nothing contained!n this paragraph shal!require
<br /> Bene/lciary to incur any expense or take any acnon hereunder. Tiustor inevocably authonzes end empowe►s Beneficiary to enfe�upon , ' ,
<br /> the Trust Prope�ty es Trustor's agent and,ln Trustor's name or otherw�se to perlo►m eny end aJf covenants and egieements to be .
<br /> peNormed by Trustor as herein provlded.Beneliciery sha/l,at its option,be subrogated to eny encumbrance,lien,claim or demend
<br /> end to ell rlghts and securities for Ihe payment the�eo/pa�d o►d�scharged by Beneliciary under the p►ovisions hereof and any such
<br /> subrogetlon rlghfs shall be eddltlonal and cumulative secunty lor this Deed ol 7rust.
<br /> 11. Condemna[ion. The proceeds o/any award or cla�m for damages,diiect or consequential,in connectlon wdh any condemnatlon or
<br /> other taking o/the Trust Property,or any part thereol,or lor conveyence in lieu of or in ant�cipahon ol condemnation,ere hereby
<br /> asslgned to and shall be paid to 8eneficiary. T►usto►wdl lde and prosecufe,in good►a�h and with due diligence,its cfalm for any such
<br /> award m peymenf,end wlll cause the same to be collecfed and paid fo Benel�c�ary.and,should rt/ad to do so,Trustor inevocably
<br /> autliorizes and empowers Benellciary,in the name o/Truslor or othenvise.to lile,prosecute.settle or compromise eny such claim and
<br /> to co/lect,ieceipt lor and retain the proceeds.If fhe Trust Property�s abandoned by Trustor,or,aRer nohce by Beneficrary lo Tiust •r ,
<br /> � thaf the condemnor oNe►s to make an award or settle a cla�m lor damages. Trusto►fails to respond to Benel�aary within fhirty�30)days
<br /> eRer the date such notice Is mailed,Bene%c�ary is authonzed fo collect and apply the proceeds m the manner indicated herein.The
<br /> • proceeds ol any award or claim may,aRer deduchng all reasoneble costs end expenses.�ncluding atto►ney fees.which may have
<br /> been lncurred by Beneliciary in the collection thereof,at the sole d�scretion of Benel+c�ary,be released to Trusfor,applied to
<br /> restora6on ol Trust Property.or applied to the payment ol fhe Indebtedness.Unless Benef�c�ary and Trustor otherw�se agree m wntmg,
<br /> any such appliCahon o/prpceeds to Indebtedness sha0 not extend or posfpone the due dete o/the Note or the payment of any
<br /> I instal/ments called lor thereunder.
<br /> 12. Trustor Not Released.Extenslon o/the hme lor payment or mod►l�cahon of nny amorbzahon o/the Indebfedness granted by Benel►c�ary
<br /> ........... .. �o, rno xon�pw nf Tnicrnr and Trustor:s successo►S�n
<br /> io any succa��vi in�iiiaiobi vl iiUoivi o��alJ,-��P:.No,-�:�:C:..............:E•"•�°•'E•"
<br /> Interest.Beneticiary shall not be required to commence proceed�ngs against such successor or rsfuse fo extend hme for payment or
<br /> ofherwise modUy amortizahon ol the/ndebfedness by reason o/any demand made by Trusfor and Trusto►s successors
<br /> in interest.
<br /> 13. Financial!nlormadon.Upon request ol Beneliciery. T►ust�r w�►►p►ov�de to Benpl�r.iery.wdhm n�nery 1901 days ol the ciose of each l�scal
<br /> year ol Trustor,the consolidated balance sheet and sta�omont of earn�ngs ot Trustor and any end all guarantors ol►he Indebtedness
<br /> secuied hereby,d any,and wdl provide and deliver to Benelic►ary such otl�er l�nanc�al rn/ormahon and m such manner as Benel�ceary
<br /> may reasonably request lrom hme to hme. -
<br /> 14. F(nancial Covenants.In addltion fo any othe►I•nancral covenants ol Trustor made in any olher agreement,inshument or document.
<br /> Trusfor shell compfy w�th and shall cause any and all guarantas o!the Indebte�tncss secured hereby fo compiy w�fh. or be m
<br /> compliance wrth,fhe foflowmg linanc►al covenents�(Thls paragraph shall not appiy iI covenants and requ�►ements are not se�
<br /> lorth herein.)
<br /> 15. Schedule ol Leases. W�thin ten(10)days aRe►demand.Trustor shafl lurnish to 8enelic�ary a schedule,certd�ed to by Trusto►,semnq
<br /> lorth all leases o/the Tiust Property.or any porhon thereol.inc(ud�ng�n eech case,the name of fhe tenants or occupants.a descnphon
<br /> � 't I o![he space occupied by suCh tenant or occupant,the renfel payable for such space.and such other�nlorm:�hon anci dnc•uments w��h
<br /> ��f ; •respecf fo such leases and fenancies as 9enehaury rnay r��,ison�bty request �
<br /> �
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