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<br /> ��'�. , •�"••°�::••� ` �p�r�,�ou�Oroe��ndMoffw►clw�sivAabowMktil�dtN�a��d•A►acedvrm�de�gahSttlwTiyst
<br /> -- : , pyo�p�y.rn,e�o►Ar�ra�w+���tir�r.�t�a�l►�++�rose�er+r�►area;erparsrvrr�spar,�snea
<br /> � sud►cAr�e._Trti�las�wls�sy�ws b paya�ax�a�aa�and olhe►cAarprs fivNd�orasssssqd.ptec�d am�d� "
<br /> - parn�orn�.tundby.fl�isOwdolTrt�atartMr1COrd�h�MOf. . : - ; .
<br /> , pa
<br /> 5� �P1P�►�a�pn of Payrn�MS NP�1R�+��bY B�Y+�t!e arty dsbt�h Q►odiyatlon'owed�o BanMciary.by Taqla[.
<br /> m+�y b�+�PP�id bY�WY��PM�►K or�fi�Nid�6M�tt or e�an�r aach othw d�frab!i�A►or o01�Qana►.Ju arry ad�►a
<br /> m�nr�srof appfic�doa which BenNiciail+.In f[s eastMUt�dtscr�tior►d�ms appropdaos.IlMess ofherwlse eJscted by BeneBciary.u�Y °
<br /> -== � auChWY►mtKShsrbedeerrNd�ppNedlirstDDLhspayrnerno!'arydeb�keb+yiYorobli9atlpROfhertha►tfhs(YCM. .
<br /> —s , g. Charg�s;LJrrts.Trus�o►wIM Aaep ths Trtu!P�opertY fies fF�am aNife�s ert�fencrunbranceg whic�fa snjr way ma�in iAe j�dp�r+ental
<br /> — �=-� � 6�FCt+►y.n,�NSpNoMy o�sr.aima�t►tt,e sscuritr a,ws taada r►usrout rrusro.neeanot d�scna.ge ar�sucA Fe+►sa�arg as.
<br /> �: . TrraMoraha�tgroe.in wri6rg.ro psy t!w obiQaoonaecw�Oy arxh tien in a mannecaccepta6re to Benefrdary aad ahaN in qood MkA
<br /> — - -- - - = carMisstsadtlie+►bY ePF�P��P�:��������l tt�e kea and theloss af artyln0erest/rt or ` --—
<br /> - — = partotths TrustFi��arry. --
<br /> � T. Nazend/nst»nce TrnstasAslt kesR Me b�rldin9s and ofhsrlmprovertlents naw�e�dst�ng a frereafler erected on the Tiust Ptops►ty .
<br /> -- lnsured by�a canias sa6ts�dctaY to Benelkfaryr against loss by 1'ire,hazards irrcluded 1n Me fem►"extended cove�age..and ` __
<br /> such oENarAazends.casua(6es 8nd cormngencles as may be required by Beneficlary.in such amotir+ts and far srrch perioQs as maybe ,v
<br /> �s�rrad bY 8er�c7a�Y-�P�Yot InswancesAaMDeu�11orm acceptabls to BaneficJa►Y.P►invlde that fhe sarrw may notDe .. —
<br /> - carrCeNAd or modiRed w�thout frReen(f5)days P�wrilfsttnodCS tD Ber�ellciary,and shal!have Mss payeafe Provi3ions/n f8�norOt and
<br /> � . In Ibrm aCCeP���Beneflclary.AN premiums on insurance poAiclesshaN be pa�d in the manner provided midBr para9roph�lrereol =_�_ _
<br /> � a.H not paid in such manner,byr Tr�shx mak[n9 PeYment at feast ffMeR(t5)days pdo►to tlre due date.direcyr ta the inswanCe - �-�-.�
<br /> ,'.ti carrfe,8enel'icfary shal/have the�ight to hold the paicles and renewals the�ot and Trusta shall p►a►!Ptl�l lumish to BeneBclary a/1
<br /> - _ - _ � renewat nodces and ail paid premium reCefPts received by it/n rto everrtshaH Benefrciary a 7'rustee be f�eW respar►S16Je Aor tallure Iv ���,_,,:-.
<br /> :',,_ 0 paY fnsurau�ce premiums or for arry bss ar darnagearising out ofa�efeot(n any poficyorarising out ol any failvre oianyiesurance _ _�' —
<br /> �npanY ro p,ay/wamr/ass w damage Insured agair►st orla tailrue by TrusTOr to etfect Me insurance requirad hereunde►.In tt�evern
<br /> :� ���. _
<br /> �-:�+: � � o t l o s s,7 n u t o r s h a i l g i v e p r o m p t n o t i c e b y m a i l t o t h e i n s e r a n c e carrfer and Bene6ci a ry Benebciary may make proof of kus if not ' • :
<br /> - made promptly a!n proper brm.by Trustor_A!1 po�icFas ollnsurance and ar�y and a1f rehmds ol uneamed premlums are Nere by ; ,.
<br /> � 7 ' ���g��ly�y��/�p�I�niy Ior tAe p�yment ot the Jndebtedness.ln the event of 6erte1'icJery s exenrdse otthe power _
<br /> ar °,
<br /> a/sale cnMained hereln,a/n ihe eventofforeclasure,a!1 agM,bGe artd InOerest o/Tiusto►fn and to arry insu►ance pdioy then lA fnrce �
<br /> �; `�.;_.
<br /> ���..� .," =f: tV alraNpass ro the purcha�serat the trustee s sale wforeclasure sala In case a/arry bss.the insurance procaeds mey,at ihe nP6on at ;�_ -
<br /> a! BeneRciarY.be aPP��dY���Y�P�lhe Indebtedness,or a+ryPart thereol.and Jn such ord�and amount as Benefic/ary may -_
<br /> " '`-"=� � � detemNne:orsald lnsurance pra;eeds.st the apdon of Benefrclary,may eitl�er be ased in repWcing a restaing d►e Trust Property'. � _
<br /> ���;:x`':` " par6alry ortotalfy deso�ayed to a condiGion sa0isfactory fo Benefrc/ary;orsa/d insurance praceqds,aany portion thereo�n►aY be . _ -i
<br /> . -'.�;:Y�;_;;�'"�, re/eased to Treisror.Unless Benefrciary and 7rt�sta otAerwJse agrae In wri6ng,�ny such application o!Insurance proceeds shal!not �_
<br /> . ' , extend pr postpone th�due date ol the Note,or arty Insta!lments called fa therem,or change the amount aisuch ins�tallments.N the >, �,'::�:_
<br /> �^ Trust Propery 1s acquired by Beneliciary pursuant fo the exercise o/ihepowe�of sale orotherfo�cMsure,a!l ri9h�Oitle and kHe�st ot �- = --;:-4�
<br /> .._. . .�•, ._...
<br /> ��,�;. .;.'� ���:.;±�� ^ Trusta fn and to any�nsurance proceeds payable as a resrUt ol damage to the Tiust Froperry pdoi to the sale or acquis�ion she/l pass
<br /> �=•-- r-� ��� • ro Beneficlary and shaff be applied trrst to the costs arrd expenses,Includ/ng aKoritey lees,incur�ed fi collectirtg such Rroceeds.then �`
<br /> ' ;`,;;?r�" ,'"`;�;'�, ,. ln the mariner and in the order provlded herein� . - • � �
<br /> „'�R�iS�
<br /> - - 8. Preservatlan and Maintenartce of Trust F�operty.Tn�$ror will keep the buildings and othe�impwvemerrts now or hereafter erected an � :����
<br /> ' � `" tlte Tiust PropeRy in good repali and wndition and wifl not commit or perm1t waste,wi!!not atter the deslgn or sductura!charact+er , .�"'
<br /> ���,:�s'.,������;;' ! consl�iUUi° any bul/dfig now o�herea!!ev erected on and consGd�ting the Tiust PropeRy willaut the pda written consent of : , '.:�
<br />. � . ..r i�°f:1:�`�.:;, - 1 ,�
<br /> , ,;.,,,:.• BeneFc:�:y,wil!not do any act oI thing wh/ch woufd unduiy Impair a depreclafe the va/ue ot the Tnut P�operry and wfli not abandon �`='
<br /> • • ='��'��t� the Tnut P►operty.Tiusta will nor remove any 6nures cansbn,ling the Tiust Property uNess the same are tmmediate�y►ep►aced w;th • . •
<br /> ._F'. ��:'�:�:_. ,;: .:• , _ . ,_', _
<br /> like property subJect to the lfen and secuNry lnterest of this Deed of Tiust and o!at/east eq�ai vatue and util'rry.Tiustor will comply witA -�
<br /> � � a/l present and future ordinances,regulations and r��uJrements ot any govemmental body whlch are applicab/e fo the Tiust Property .,� . ,
<br /> and to the occupanCy and use thereol.(1 thls Dee�c�Tiust is on a unit in a cand�min/um a a planned unit developmer►��n+sta shall ' . �; .
<br /> �• � peAorm all of Tiustora obtfgations unde�the decla�ons or covenants c�eating or govaming the condomlNum or the planned ynit �
<br />' � devefopment,�he bylaws and reguleNons of the cvn�ominiur,r or pfanned unit developmeM,and the constituent dxumenw: -�
<br /> ' � � 9. lnspection.Beneficiary a its agents may,at all reas�rable dmes,enter upon the Trtist Properry foi the pu�pose ol inspecUCn. • : : : R.4t
<br /> � Beneflclary shal!have rto dury to make sucn inspec.�:�^and sha0 not be liabte fo Trustor or to any person in possesslon if it makes or
<br /> � ' falls to make any such inapection. • `
<br /> � � f 0. Protectlon o/SeCwity_�^�Tiustor la!!s!o pedorm ar,y a/the covenants and agreemertis COntained in thls DeeQ cf Tiusi,or il any aCtion " - _
<br /> ' ' ' �r.:, :' or proceeding Is com:neneed wh1c1�does nr may adversely aNect the Tiust PropeRy or Ihe lnterest o1 Tnrstor or Beneficlary thereln or �
<br /> � the mfs of Trusto►the�ero,then Ber.s4�cr3ry,a[its op7lon,may peAom►such convenants and agreemerrts rr+ake such eppearances, � -
<br /> . � �:-,;:` defend against and investlgaie suclr a:.^iion ar pra�eding and take such other ac6on as Benefrciary deems necessary io proiect its �� , , ,
<br /> � ;, ': ° fitelest Includ/ng,b:rtn�t I/mlted to,disbuisemento`�easonable attomey fees and entry upon the Tiust Prope�lyr fo make repalrs.My � ,
<br /> • � amounts disbursed by Benefrclary pu�suant to G'�;s�.�iagraph 10,with lnterest thereon,shall const'rWta lndebtedness of Tiustoi ,:
<br /> � ~ seCUred by thls DeeQ af Tiust UNess Tiustor and Beneliclary eg�ee to other te�ms of payment,such amat�nts shall be payable upon � • ,t,,• ;
<br /> • `.,��;`,:. ' noUce fiom Bene!!clarylo 7iustorrequesting payment thereol,and shall bea�inie�est from the date ot dlsbursement at the default rate, ` �r,,,.,•;
<br /> - • ��. • if any,set farlhln the Note,or othenvlse at the hlghest iate pe�mltted by law.Nothing contalned in/hls parag�aph shall ieqo�.� , �•-:_•;
<br /> 9ene0c/ary to Incur any expense or take any actlon he�eunder.Trustor UrevoCabty authorizes and empowe►s Benellciary ts EntBr apon E . �'`"?��':
<br /> � the t�ust Properry as Tiusto�'s agent and,ln�iustor's name oi otherwlse to peAorm any and all covenartts and agteemenis fo be ; :r<. ' f"
<br /> � • � peAamed by Tiustar as hereln provided. BenefiG�:Y shall,at!ts option,be sub�ogated to any encumbrance,lien,cla/m or demand • • .
<br /> ° ., : and to a!I tlghts an�se.uddes for the payment tl�p�aol pald or d/scharged by 8enefrclary unde�the p�ovlsions hereot and anysuch E
<br /> ., _ subrogatlon r/gdls sha�!be add�lonal and cumulat,va seou�ity/oi tAls Deed o!T�ust i '. _ _•
<br />' � ' . f 1. Condemnation.The proceeds of a���Nard o�clalm for damages,dlrect or consequerttial,ir s�nnection wlth any Conde�n:,�On or ► . � _
<br /> � . � othei taKing of lhe Tryst Properfy,�r Gry paR thereol,oi to�Conveyance!n lieu o!or irt ar.�o„�_:��n ol condemnatlon,a�e�:�by � , � .
<br /> _ ` _ • asslgned to and shall be paid to Benetrciary.Trus!o►wlll llle and prosecute.in good faiih aa�N,fh due diligenCe,iJa clalm for any suCh � •
<br /> � . award or payment,aa�will cause fhe same to be c��l�cted and pald fo�enet,��f�,y,arrd should it faif to�a�a.Tivstor Inevocably :-- - .
<br /> • ' :"'. authodzes and empo•Neis Beneficiary,In the nar�s al Trustor or otherwlse,!o*�1�,p.•oseCUfe,seKle or cor7��mJse any such clelm and � •
<br /> . to colleCt,reCelpt fo�8nd retaln the proceeda.It th�Tiust P►openy 1s abandorted by Trustar.�c atter notice cy Benellclary to Uu9tor : .
<br /> , � that the condemnor oHeis to make err awerd o�selt/e e clalm!or�'amages, Trustoi lails fo:o;�;rs�d fo Beneficlary withln thirty(30)days ; �
<br /> ; " a!!e�the date sueh noUce Is mailed.8enefleiary ls au�hoNzed to c�t�ect and appry the proceeas ln�he manne�1ndlcate�l�ro1n.The . ,
<br /> • � . . • praceeds of any award or clalm may,efter dedacdng all►easonable costs aR0 expvnses,lncluding attor.-�e�.*�ea,wh/ch r��-�have �.
<br /> • • . . been/ncuned by 8enellclary 1n fhe colleCtJOn th.areoi,at!ho sole dlscretion at 8eneficlary,be reteased t�:�::s��r,epplieC fo . �
<br /> � � resiara8on of Tiust PropeAy,or applled to Ihe payment of tha Indebtedness.Urr�ess 8enoliclary and fiu..�s��:tierw/se ag ee!n wr,�r,g. •
<br /> � � ,_ . � any suCh Appllcatlon of praceed9 to/ndebtodn�ss shall not e�end o►posfpone the due date ot ihe Note�':^3 payme^r o1 an y :
<br /> Insfallrtrents called fo►thereunder. �
<br /> � 12. Trustar Not Reteased.Extensiort ot the tlme lor payment or modillcaGon of any emortlzaflon ot the lndebtedness grtured by Benellctary ;
<br /> � -- � ' - to eny successor in Uterest ot Trusta shall not ope�ate to�elease,�n any manne►the llablltty of Trustor and Tiustor's successois ln _
<br /> ' � � Intereat.Benepclary shall not be requl►ed to commence proceedlags agalnst such successor or�eluse to elrrentf Ume tar payment or .
<br /> . _ .._. _. ... .._�__ . ofhe�wlse modily amartizaGon of the Indebtedness by�eason al any demand made by Trusto►and T+ustar's sucsessors
<br /> !n lnterest
<br /> � !3. F/nanclaUntoimaaon.Upon request o/8ene6clary,Tiustor w;ll provlds to Benellclary.withln rtlnely(90)days of the c/ose ol each flscal ' �
<br /> ��� yea�ot?�ustor,the consailBated balance sheet and statement of earn/ngs ol Tiustor and any snd all gaarantas o1 the Indebtedness .
<br /> � , secured he�eby,lf any,and wi!!provide and deliverto Beneflclary sueh othe►ftnanc/al ln/ormaifon•and�n such manrte�as Beneflclary
<br /> ', ma�y►easonabryrequest lmm time to Ume. �
<br /> ' � • 1�. F/nanclel Covenants.in addiUon to sny other flnanolal cove»ants oJ Tiustar made!n any athet agreement,�rtslrument o►dvcumenL ,
<br /> - 7mstor sheU canply wNh end Shail cause any and elt guarantors N the/ndabtedness secu�ed hereby to comply with,or be ln ;
<br /> -_--- - - --.—_ __- . compllance wlth,the foJlowing flnanclal covenan/s:(Tl�Ts paragi�pt,�lf�llnatappry rfaavena�arrdreqnirements a�rratsef - . -=------_------;
<br /> • ' '!orlh he�etn.) :
<br /> ' � ' f5. Schedule of Leases.With/n ten�t0)days after dema►rd.Tiustar s/iall 1wn)sh ta Beneflclary a achedute,cenlfled to by Tiustor,setting ;
<br /> • ' ' ,_ lo�th a/l leases of the Trust Properry,or any portlon the�eof,lncludMg 1n eaah case.the name of the tenanta o�occupants,a descnptron ; ..
<br /> � . ol the spac�occt�pled by such f¢nanf br xaupant,tha ranlai payahls!ar such apace,and�uch ather infamraUon snd dacuments wlth- �. • • �
<br /> respect to such leases and tenaacles as Benellr�ary may�easonabty reques�
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