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<br /> . : . ` � � . - 92=I0465� � � �
<br /> TO PROTE�T?HE SEGUR{TY OF THIS TRUSi OEE�.TRUSTGR HEREBY COYENANTS MlD AGAEES/1^�FOFi01NS- - -
<br /> t.�AYMHfF OE#lMNClAL Ai1DlMT�.Tn�sta sha8 pranptty WiY wfNn due the p�nc�pal of and interest on the IndoUt�drNS�wiQMe�d Oy
<br /> tAr NoM.and�11 o1Mr eha�'�s�nd hes as proriQ�d U th4 Note.anQ ths principal of and tntersst an any fuwie Adr�nees sscuree!by thit Tnat QNQ-�
<br /> ` 3.wAN1ANr1f oF mLE.T�ustor is tawtW�r r�itw ana oossesseQ or gooa and mdereas�Ote Gae anQ estate co a,s Prooe►h��1r�++�+� .
<br /> - two tM�i�t ia gaAt znd caavaS►����oD��Y is tres an0 dear ot aN IieK�a w�d�es azaPt lian�i n�w of r�cor0:and Trualor wi� _ �
<br /> wirrrn ana aN«ia a�.dn.w ths Proa•���9 uaims ana aemar�as. ` ' � ` �
<br /> 9.YAMiT�IANCEAlDt�0�L1ANCEwlTNLAwS.TitutarshallkeeDlt�eP►cpertYingoodrapakandcanditionanOShailnotcommitwasltorptrnti! '. �
<br /> � impdrmem a dsteriaration of itk Propsrry snd sAaO eanpiY with lhe prav�ians of anY Iease ii this Tnist Deed is on a ieasehatd.No impro�rtwK now
<br /> ,«h.re�ar Rsee.a upon+h�Pvapertyr ahalt be aRerea.mm�vaaa a�+ec w�mout tt+s a�writc«►eonser�t oe 9enafic+ary.rrusmr sh�N canpy witN
<br /> an laws,«dinanc.s.nyub�ei�ons.oownmts.�ndirions a�o restrkt�ons aneaing the Propens►ane na con+mit.su�rer ar psrmit anx aa w o.aone in o.
<br /> upon iht R'op�tY(n viNation ot arryfaw.adinarks.reg�►atiart•cevemn�eoc�dition a resuictior►.Trusta shaii canPbte a testae pomplly ane ir►400d
<br /> rodan.�maru+ermimprov�rnentantheP+rapemMnicnmayxdamage+aordestroyedando�r.w�r�aue.allclaimsrorwborperrameeanamaN�iMs °
<br /> - himi�fNd tAe�ekx and ta eny ytesa6DnstMreof.
<br /> - -- - - 4.Ni81JRA110E.TrtutOr.dt itSe�ense.wifl maitrtain wdtt insurora aPP�uved bY 8er�eficiarY.irtsuranee vrith�espedtn itte improvsnleriD ied pe►�OnaF - ,. -_-
<br /> property.ean�inOthe P+ope�ly a�tasbf►fre.��^9���•andatlierPerits and hara►dscayerad bl►sf�ndarAextend�dwwrag�indorsert�M.
<br /> - ln an ae�ou�rt equai to at feast oee hundred perccnt(t0046j of the full repfacem�t vatua thereol and inwrance against sw�ather har�rds and in aoch ,
<br /> - amounp�as is automarity carried by owr�s anC opentors ot simitar praperiies or as Benetic+arY may require for iis pcoteeGon.Tnutor'wilt wmply wiM
<br /> = suchetherrequireme�s as8anefiCiarymayfrantimeto6me requastta theprotectionby insuranceof the interestsotthe respectae parties.lUl u�swanct
<br /> -- po�iciss maintait�sd pursuant to this T(ust peed sheli ttame Trusta and 8enefiaary as Insfued.es ttieir tespecdve interests maY aPPear,and protrids that
<br />-- tKsre bs iaeaneeN�tian orrtadrfKationwitlaut8t teasttS daysPrtawriiten naificationwTnuteeand Beneficiary rt�a1l0��e wchlnsunnr.einaocard�nos
<br />- - w�A ihs p�orisiorts of pxsgr�ph 6 hereot.Trusta stat!deliver to Beneficiary'the ai�nal pWicies of insuran4e.and�enewab thereof or m4rtw capies or
<br />-__ -_ - -_ - suctrpoficies arid rer.z��s lhCteol.-Faittue ta.tumc�►�insurance hy Trustor.or.�enewats.as tequired Aeteunder slrall,et the oPtinfl Q}Ber►4�CNfY._ _ __� _ _
<br /> ConaGtute a defautE � . ` . -- �
<br /> -��� 5.TA7�B./ISS�S1EtiTS AND p1AR�iES.Trusta shaii pay ail ta�ces.assessrtients azb other chag��indu�ng,withou!Iimjtaua�.fia�es and impoations
<br />;` ;;� attributa6btotfiePropertYandleasehobPaymenbtx{gaunArents.�f2r.Y.hetoretAesameEecomed�t.TtustashaltprompUyfiun�tWOenefielary
<br /> pµno�iceyotynan►isdueunde�tNisparagrapt►,andintheaventTtuslorshallmakeP.��d'uectly.Tncs*.orshatlpromptlytumishtoBesrefiaaryrece�pts -
<br /> ` evidencing such payments.Ttustor snall pay atl taxes ar�d assessments which may be(evied upon Be�e.*iciary's inter�t herein or upon tfiis Trust Dee�f "
<br /> . withewt regarcf to any law that may be enacted imposing payment of the whoie a any paA thereof upon the 8ene�c�y. ___ __
<br /> " � 6_Ak�ORtONAL UENS ANdPROTECTIOlt OF�ARY'3 SECURlTY.Trustor sha11 maks aii Paymertts of irtterest and pr;napai an4 paymae�s —_
<br /> ot ar.•�er char tees and e Y 9 ��-�
<br /> f geg, xpenses contracted to De pald toan existin or subsequent lienhatder or beneficiary,unGer any e�dstmg a subsequert
<br /> mortgage'a trust deed before the date they are delinquent a in defaN�and promptty pay anA discharge any and atl other tiens,ctaims cr charges whictt • .._�_-
<br /> ;; may jebpardizethe sec.aity 9rante4 herein.It Trustart�i!�to maka any sucA payment nr faits to perform anyr of the caverr�.�ts and�ments contairted �
<br />�'�+;��;-. in this Truat QeeO."a'�=Note rofetted t0 herein,��n a^,�priar a subsequent trust Qeed,or it any action or proce�nq i�ccmmertceO which materia'Sy
<br />'.�+:,�� affscts Benebc�}f s i�:3�est in the Prope►ry.inclpdi:�3,:.��t not timited to.eminent tlamain proceedings.proceedings rr^.�Iv:nga deeederrt.notice o}sa:e � �r�-_
<br /> � oyTrs�,r.atieeof.sF�audbyTrustea��srtgagetorec(osureaction.anYtr;.;gtorfailstopayTrusta'sdebtsgene►allyasthey�ecameCu�.B+enBenefieiary. �
<br /> .�.�:.;�_--
<br /> at saptiana7dwithautnarce+aotdemandupon7n�.,taa�G�uiYi3i.TreteasirtgTnutafromanyobligatianhereunAer.maymai�s�happe�ances. r.r�-�-_.
<br /> g�y ri
<br /> � di;:t�ursg such sunrs artd take such action as is�eeessary ro prated8�rt�:aary's interest.inGuding,but not limftedto,disbursement of,c�nabieattomey's �;��;-
<br /> �� fees,payment,purc.'�ase.coraest or compromise of any encumbrance,charge ot lien,entry upan the PropeRy to make repairs,w deGaration o1 delault `:;,--z.;::.•-
<br /> underthisTnistOeed.lnlheeventthatTrustorshaUfailtoprocurei�suranceortopaytaxes,assessmeots.oranyotherchargesortomakeanypa•�mers� - .-:n`�y.=:,°
<br /> ,--�.•.:_._
<br /> to arry existing a subsequartt IienhdAers ur exisling w subsequent beneficiaries,Beneficiary may procure sucb insurance and make such payment,Ccr: - l __
<br /> i� sha0 not be obiigateef to do so.Any amounts d�sbursed by Beneficiary pursuant to this Paragraph 6 shall 6ecome additional inQebtedness of Trustar secured ," _
<br /> �" Dy this Ttust Deed.Such amounts shall be payabie upon notice from Beneficiary to Trustor requesting paymeM thereol,and shall bear interest from Ihe _
<br /> 02tte of diabursement at ihe rete payable trom lime ta time an outsWnding principat under tne Note unless payment of interest at such�ate watkf be contrary ,-:" _ _:
<br /> � toappiicaDlelaw.inwhichevenlsuchamountssha116earinterestaithenighestratepermissibleunderapplicable�aw.NothingwntainedinthisParagraph �' '-�� �,
<br /> 6 shall require 8en8fiCiary t0 incur any expense or take any action hereunder. � �5.` t
<br /> �',.;;;, . 7.ASSIGNMENT O�F iiENTB.Beneficiary shall havethe riqht,powet and authorih/dunng the cont�nuartta of this Tr�:Oeed t0 Co��eCt the rents.issues . r
<br /> • and p�otits of the Property and of arry personaf property foceted thereon with or without taking passession ot the property aiteeted he*°by.and Trustor , '-=
<br /> � herets�3aSOiutety antf uncandd�oRZry�Gssigns all sueh rents,issue�a�'�profits to Benehciary.BerES�;�ary,howevet,hereby wnser�r•3 the Trostor's . y,r; ,:
<br /> !'� '.;t;;;:�,.
<br /> - " Cof:c..���and�etention of such rents.5a"�ues ertd prolits as they accr-�s:��3 become aayable so tong„r:�'r��tor is not,at such time,i0 Cy3uh with►6Sp@Ct 4r�,j7;�t ._.,
<br /> + to payment ot any InCebtednesssecured hereby.or in the pe�formanc�af any agreement hereunde;.t�;�n any such Qetault,Benehciary may at any time: � '�`""�::�?;����;
<br /> �+,r
<br />"" � eitl�er in person,by agent,or by a receiver to be app�r��d by a court,without noUCe and Without regara T�the adequacv 6'any securiry tor the indebtedne� �f' ';,;;•,":%_�
<br /> S�.r �•�._..
<br /> � � hereby secured.(a)enter upon and take possess�cR��"9 ProOery or any part ihereol,and in it9 ow�.rame sue for cr a.+'?nvise colteCt 5uCh rents.lssues t.�•+•;'�=
<br /> ,z �.__
<br /> � artd Arofits,including those past tlue a1d unpaid.�.d a�3!y the same,less costs and expenses ot vAd'x��n and couee.rr•,�inciuding r�sonable attomey e ` �,.k, �;�::
<br /> �;�;..�
<br />- �. �rr w.;•;t � � � . �"�1"•�lS�r ..`
<br /> ' �t-;.�7on any inQebtedness secure. ereby,a^,. .�tb arde►as Beneficia m dete�mine:('�.1:!?�=.m such aC:s ct repalr or;�an:tion as may he r.,,i;�,,;,,� ;�
<br /> s r.S::t..
<br />. , �. rn,;r�..:;s:.�y a proper tn conserve tr3 c��:e ot the��i;erty:(c)lea:e 7��9ame or anY paA thereo`.�r�W.n renfal.ter�,and upon���tonditlons as its �•,,�;;.�,�%:� .`c,..
<br /> 1`;,��„_.
<br /> ri, � jU.1y"r,.entmaydiei2;a�►terminateas�6�usllheter.Fsa�4condit�or.s:le;r,stmgtezf� J�IOSSTrC;C���F,dBenef�e�ar•,�_�^gr9ofagreeothervviseinwrit���., ••
<br /> �,,_ ��� any AppiicattOn Cf rCr,t�; +S5ues n►profits to any irCSCcaaness secur0p riereby sh�n'�:r c-ttend or postpone the dne�,��3 5f Ihe Instaliment paymer.w�
<br /> .,;';�); •. ?;;�`„.�;,�'��. p►ovided in said Frr,�-i>;bry note or change the ar^cunt ot such�nsiatiments.The c-�t�a�-ng uDOn 2:+d taking possess:�n o11he Property.the CoileC!�ar
<br /> ' ` �'���' ot such rents,issuc-s and profits.arsd the applicat�on thereot as aforesa�d,shall not wa.ve or cure z-,,,;efaul!o�notice of defauit hereunder or inva;i�:e
<br /> - r+� ..,�-"`� "• eny aCt done pursuant to such not�Ce.Trustor also assigns to Benehciary,as tunher security tor t��e�rformance ot tne obtigaU�r,s�cured hereby,ail — -.-• .
<br /> • � �,-.
<br /> �epaid ren7s and ali monles which m.a-,r have been or may hereaRor be deposited v�lth said 7rustor�y any lessae o1 ihe Property.ta�::re the payment .
<br /> :'::� �• ���y `bf any reM or damages.or upon detault in ihe pedormance ol anyof the prov�sions he�ec'.•':::s�or agrees to doi�ver such rents ana Ceps:��;a to Benel�c�ary. .
<br /> . -, , .�-.:;,.
<br /> , '�,_��,f, DeBvery of wrtitten not�co ot Benaticiary's exereise a►ihe��ghts g�anted herom,to ac�ts:�a�t occupymg saiC premises��4'1 be ri:�'iGL'::to reqa•�e:U a
<br /> _ ,,•,):; tenanl to pey reM tO th9 Beno6Ciaty untd further notiCe. • • �
<br /> �;�.w..• � .
<br /> , .i.,=-�. .� _ 8.CONOEMNATION.If titte to any part o}the Property shall bc laken irt condemnaUOn proceea^qs.by nght c?e-�'-�n1 doma�n ar s�milar action.or •. ,,.� ,,
<br /> �°���-� shalt be sotd under thre8t o}condamnaUOn.all awards.damages and proCeeds aro horeby ass�gneQ and,hall be paid to Benefic�ar/who ahall appiy %;,���.�;�°;°` �
<br /> _ ��y�,�•_�� 1
<br /> +AI�i.....
<br /> , ;����.•:,•,• ; suCh swerds.d8mag9s and prxeeds to the sum seCUrCd by thi9 Trost beed.wAh lhe oxcass.i�any,paid to TruStor. It Ttustor�eCewe9 any nOdC9 C/ j,,,�.':?�••.•. ""_
<br /> ' "A•='=•. other informatwn regartl�ng such acuons or proceedmgs.7rustor shail y�vo prompt v+�iQen natrce Inereof to Benef�c�ary Benef�aary shali be entdle0.at ��',`! •,� .
<br /> • � :,... . - • 1� i. . , r,, .
<br /> �,t. ,. , . its optlon,to cammenee.appear in and proSecute�n�tS o•rrn namo any suCh�Ct�On or proceed:ngs and shall be ont�ttotl tu mako any compromise or sett1eRect
<br /> _.�_;�.�r��;�_ in connectwn wrth any such act�on or proceedmgs. � � •
<br />� � 'r��liY_�i'.. �':;?. .
<br /> `r. 9.FUTURE AOYANCES.Upon�oquest o�Trustor,B�nahaary at 8onc,hc�ary's optron,pnar to recvnveyanr,e o1 tna pro0eny to Trustor,may make
<br /> future advances to Trustor.Such tuture advancos,wdh mterest thereon.sF+all b�secwcd by Ihis 7rust Cfeed vfien evidented by p►omissoty not95 5tahng �-
<br /> - .- - - - � -- tfiat sa�A notes a�e secured hereby:p�ovided that�1 no kma sh��!lh�;scetseB pune�pal und fufure advanC4S.nOt in�ludmc�sum9 tttivanCaO to proteet �. :, _ _
<br /> � . � � the Seeuriry.0xceetl iwo hund�ed p9iceM(700�0)ot the ong�na!p�mC�pai amounts saCUred her�hy �� {{
<br /> � • • 10.i1ENE01ES MOT ERCLUSIVE.TrusteeAnd Benehc�ary.anOeac�ot tnem,snaU be�nt�ueA tn cnrcuce payment and pertormance ot any inCebtedness `�
<br /> � or onhgati6ns securea t+eioby and to oxer�se aU nghts and paarFis under tms trust Oeetl n�under any at�+er E�greoment pxecuted�n cannectian herew�lh ,
<br /> - -_ .-- -_ or any faws now m hereafte�m torte,notrnnthstandmg soma o:a!i of tna sucn�nde6fecfnass and abt�gat�ans sec ureA hereby may now or nereatter de s
<br /> oiherMiseseeured.whether by mortgaqs;trust d�ed,pt�dga,i�en,¢,ss�y�mant or ome�vnso Ne�tner tno accepranCE�ot�hig TruSt Oeeti nor rts enfpicemeni � :
<br /> � whetherbycourfactionotpursuanftothepmvtrrbfsltoorotha�poritrshere:ncOnfvnedshallpre�ud�cea►�na�Ymanneratfectlruslee'sorBeneGC�a�Y"s �
<br /> _�--_-_ :- - ' �
<br /> -. , - - righttvrent�tout�:merdwcoany&the�secur+ita�;atsare�att��e;��r;�:us:rabs8cnc!:�u;.:l�cu�g�°e����!Trus��e�r.�lBeael�t�ary_an�lea+_h_. ,---_-
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