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<br /> ` i►�arar�Ar�mtrlm�,�n�r�artd+IN����wlMbo�rMleW��w d.P1�.'�damr�d�a�pa�M►��Tiurf
<br /> pMopa�j►.-rnnlorlir�.r.prM�++�o�e�se++�brS.�►�clrp.aproRipN�►dr+rw.�1�ry►�tuc�lpaifor'eNrv�nMitd .`
<br /> sud►clw�rR.TruOOr�aDrNSbp�aMtuca.ss�wn�randQft�irch�NW�f�poera�tNd.pl�c�do►�endt"'
<br /> a�arn�.s�d bj►.d,ts nie�ar arnar a ohf recor�.do+�1�no►. ` ����„y,dy rrw�a►. .
<br /> S`,�ppl�a�ton d Ra�neunt�ANpeymerNs recefisd bY 6�er�Mk�arY as te any d�Mabi�tj►Pr obMQa�orr
<br /> �Y�sAP�d bY����PaY�Kdlhs Jrtdsbl�d�s ab mY ar�drotlNrd��ribt�►aoD�atlor►�!n any�ordira
<br /> � ,rw,r,erarappicabor,�►Bens�a►r.1n Ks aosornts dPscrsbon.deerns��ars.unls�s o�nsr►wss e�ecc.d oy 9�rrMcrary.any .
<br /> snc!►Payn►er�ts!►s�be deanw�dapp�sd first ro tne paymerXOl anY deb� or oblYgaoon otlrer tlwi tAS lYcte.
<br /> �8 Cl�argss:Usn�Tius�or wiNkeep the Tiust RoPerh froe hom dlYens arrd encwnb�ances whicAin any wey may.In ths�+d�n��
<br /> i Benslic7ary.have pdoriry ower.alr►fpat►ths securfN ot,thts D�eed ol Trtist bur Trustn�need not discl�arge anY auch+Yere ao fang as
<br /> Q Tn�albraliaMagree,�►wn�tn9.iu pay the ol�kgatron secrued bysuch 1Fealn a mannersccepla,0le M 8anelkfarYarM ah�ltin good fiiftli
<br /> !� conts�tsucA Ner+t►Y�PPraP+��P�9s�to prevent the erdo�ernentotfae Aie�and thelass afanYinterestin a _
<br /> � ' prtdtheTiuttP�+operry-
<br /> f t/azard Ar�suRance�TrrrsOorslia�Ke�P��and o�erlmproirements now existing ahereaftererected orr the Trust Propsrry �
<br /> - N Inauned bYlnswar�ce caniers sa�+Y ta BeneRclary agalnst/oss by Rre.hazards fnC/udeaitn tlte tel�n"extended cove►eQe and —
<br />-, � arx�t ofhsr htiard�caseal�ss and CanW�genctes as may be re9tdlied by 8ene�c�ary,.in such amouMS end fo►suCh periods as may be
<br /> - re�++ed br B�'•7�+�P�f►or�ar►ce shsu nern liorm acc�ota6la�0 9er+e�icFary.provrde C►at u,e same rnay noree _
<br />== .�• ca�ceMsd or,nodira�w/u,o�t r�lteen tisl days pnic!wr�►„otice EQ aeneffdarj►.anar�na�r r,ave ross paraWe arovlsla+�s in revor or arw —
<br /> tnAarm e�ccepfabte ta Benafic�y-�p�B�s���P����d'��������4lte►eot v
<br />,R o�Knot paid iltsttcH marxrei.bY TnrstormakM9PaYmer+�at kasifi►teen(15l days p+�►m fhe due date.directly fo the fnsur&nCe --
<br /> cartie►.Bsneficlary shaU have ibe ngh2 tu twM the Palicies end ienewafs the►eofana Tmstorshafl"FranPtll!fu�r+rsJt tr�BeneffdarY aN ` __
<br />,:.�;' � �eritwer noac�s and ail paid premiwr�recelprs recefved by i��n no evenrshaA 6enel�ciary or Troscee be t,etd respo»s�vle fbr lath,rs ro �-�.-�
<br /> -- payinsurance premiwns or 1br anyloss a dama�e arfsing aut of$defectln anYP�Yor�rising out ol arry failure of any�nsurance ' �: �-�-_:--
<br /> . camp�nyto pa�lbrany bss wd�ragetnsured against wl�c►falluraby Tnrstor to elfect the insurance reqWred hereuader./n the event �Ka;.�=�-
<br /> :��-.
<br /> of kas.Tnutor shaN glve prom��ce�y mail to the Irlsurance camler and Benefrcia►y.BeneBclary maymake pr+aol of bss iR nof �.i�;:3sr,_
<br /> mads promptly ain properfam by Tr�ustor,A!I pollclesot/nsaranCe and any and all relunds oI uneamed premlums are hereby ;��4_�
<br /> :ass/g�ed ib 8sne6clarY as add�aav�aisecurr[Y I�nr U►e paylnent of the Indebledness In ths event a/Benefic/ar}�s e�rercls9 of ihe power -_''°`.3•;:
<br /> i' •- v/aals c�ntained/brein,orin tha eveMOtforeclosure,ap dght..dCe and 1►Rerest of Tnuta/n and fo arry�iJSUrancePolkY therr Jrt l6nce ..--
<br /> � �..:�..''s�iaRpass ea ihe purcha�serat L►re trys�e:s sale afFxeck�►syr9sat�:ln case alany Ioss.the lnsnrance prnceeds may,atthe opaFon ol �_ ��-.:
<br /> •::B�-3;fle appNed bY Benerrc%a�i c�r�fhe Indebtedness,ara¢ryPartihereoi,and In sr�ch ar�fer and amorrnt as Benelfclary maY . .4 _
<br /> deee+mk►e:.ar-satd lnsur�rke Praceeds:�a.+the vPdon ol BeneBci$ry;i►►ay eftber be used/n replaani9 a resta[ing fhe Tnat Prqpe�ty ����
<br /> ' �iai6afl'Y w fotaly desaoyed to a sond�on sadsfactory to BeneBciarY:v�sald Insurance proceed�t;a anY PoNon rhereo%maybe ��' x
<br /> �'� . �eleasqd to Tiusta.Urdess BenelfalarY and Tiustor othe�wlse agree In wriGing,any sa�rh applicaation of/nsurance�roceedsshal!eot `�' '''�_
<br /> ': extHnd prpostpone the eY�se date of tt►e Note,aany instal/ments ca/!ed for therei��rehan9e Me amount ofsuch/nstal/ments Hthe �'�f� � _
<br /> T TastPmpe►tyis aeQuire�tby Bel►efroiaiy wsvant to the exerclse olthe Powai,ofs�afe aratherforeclatu%aH rrgh�tiNe ancf interest ot _ 1�=� z .
<br /> � , � �:
<br /> ' '��'� -'• . Tiustair�and to anyinsutance pnDCe�ds payabie as�►esu/t ot dama�e tt�the Trust�perty pripr to the sa/e oracquisiL'ar�sP►311pass �� ,
<br /> fh@R '�•''�. . � •;r�<;t',';''"' .-
<br /> Y :;� .
<br /> .�.;:��. • fi Ber�"n,�.ay and at►a/f be appGeaf first ta the costs and expense�lnclud/ng attomey fees.iracur.ed ln collectirtgsuCh p:oceea's. t �•� `� ,µ�;_�,�
<br /> r •:�F �'L�'�- ' inthgr��erendinthe'o►derpmvidedheraln. - - • .: �" �.,:`:�:'�ii;,';Hh
<br /> '�`�:�.:.: �:preservation and Mafitenance of 7'rust Property.Trr�sto�wiD keep the buildings enr���;erimprpvemerlis now a��rereaftererected an � '•:::,'�.•�:'•:�
<br /> �;�
<br /> � ,,-. .... ,.. ,;�..�,�t,:..
<br /> ' �-.r :� =;�: ' ���p�g�r lr►goo��epalrar�d candldon and wiU rtot commitapermitwas°s;ivi{I notalter the deslgn ars�ctural charflcfer ,;,;j,.c- �.r:;;..,•,,`=
<br /> ...� ..; rF�;. . consdtuGngarry building rrowahereafte�erected ar and cansMuGingfhe Tmst Pra�erty wiAiauithe prior w�itte►r consent ot :�_Y�� .;��
<br /> . .•; - Bene�iclary,will not do any act ar thing whlch would undWy Impalr oraepreeiaie ft,�va/ue of rde Tiust Property and wfll not a(sandon :�`�"� ='•��'�:�`�
<br /> '. ,� ' ,�i �. fhe Tiust Piopeny.Trusta wi!!not remove any fixtures cans�i[udng A�e Tiust Pmperry+m�ess the same are immedJatey rep/aced with `Y .
<br /> V•j :<<y>� .,ti`��' llke propeity subJect to the lien ar+d securify�nteiestof thls Deed of Tast and atar least equal vetue and uUGty.Tiustor will compty wiHi _ ,,�:�r-
<br /> � �*-�= �--• aU present and/u�ure adlnances,�gulailons and requlremenis of any govemmentaf body whlch are appJicabie to the l'r�st PropertY . �: < . ::�t
<br /> _ �•• -_�. .
<br /> .•-� and to the occupancy and use thereot.t!thls DeeO of Tiust Is on a vnit!n a candomlMum a a planned unit devebpmenL Trosror shall �,_ �;;�
<br /> ��i;.;:.�:"::.•�- peAam all ol Tiusiors obllgations unde�the declaratians or covenants c�eakng o�goveming the condomin/um or the p/anned unit _ ':�r�
<br /> • �• � � �`� y--�'`� development,the bylaws and regulations o1 the condominlum or p/anned unit devalopment,and the constituent dceuments. -� -
<br /> .�.ss.,-�-';=��.
<br /> 9. Inspection.8ene�ic►ary or fls agents may,at a!1 reasonaDle times,enter upon the Trust Property for the purpose of lnspecdon. ` �c: ��_
<br /> '1-±L.':• -..%`_ • ` ' =
<br /> �'• ��,• Benelicfary shall have no dury to make such inspection end shaU not be liabfe to Tiusto►ar to any person in possesslon i1 it makes o► r
<br />_ ��i�� �. fails ro make any suchlnspection. � --: -
<br /> ��.�"'""'� t0 Protection ol Sec��lry.Il Tiustor fails ta peAorm any ol the covenants and agreements contalned in this Deed ol 7rust,or U any actfan '
<br /> `' �i�' a proceeding/s commenced whicA does or may adve►sely alfect the Tiust PropeRy or fhe Jnterest ol Tiustor or Benehciary ther�in or • _ _
<br /> ''`�- t'" '^''� the dtie ol Tiustor therefo,then Bene�iclary,at As oplion,may pedom►sucl►comenants and agreements,make such appearances. _ --__
<br /> �°. , . -'
<br /> • -:-- �-- detend agal nst an d I n v e s t lg a t e s u c h a c t J o n o�p r o c e e d J n g a n d t a k e s u c h o t h er a chon as BeReficia ry deems neces9ary to protect its '�', :��j
<br /> �.�-�� - ' � �� lnterest/nc/uding,but not limtted to,d/sbursement of�easonab/e attomey tees and entry upon the Trust Pioperly fo make repalrs.Any ..
<br /> .��,-` . . :;
<br /> . -:,��.:: _:�:.� amounts dlsbursed by Benef/clary pursuant to thls paragraph 10,with/nterest the�eon,shall constiWte Indebtedness ot Trusto►
<br /> .:�;,. secured by thls Deed of Trust!lnfess Trr�stor and Beneficiary agree to other terms ol payment,such amounts shall be payable upan � ,. �:���,•:
<br /> ' -�����" � � , notice/rom BenefiCiary to Tiustor requesUng payment thereol,and sha11 bear lnterest fiom the dafe ol dlsbursement at the detault rafe. ; � :=.�v°
<br /> �- �`-"� '~'� if any,set forth In the Note.or otherwlse at Ihe hlghest�ate permltted by/aw.Nothing contalned in fhls paragraph shall reqaUe ,�;�;-;.
<br />• � '�' t" BeneBclary to/nCU►any expense o►take any acUon he�eunder.Tiustor inevocabty authoAzes and empowers Beneliclary to ente�upon -
<br /> ,'�`- ".�"����-`'��. ihe lrust Properry as 7iustora agent and,ln 1�ustar's name o►othenvlse to pertorm any and all covenants and ag�eements ro be • . '='' �
<br /> .. ,...._.:.:. . �
<br /> ;�.,:- .
<br /> �;•�;�f`c° �_, :� pedamed by Tiustor as hereln rqvlded.Benef;clary shall,atits opdon,be subrogated to any encumbrance,Ilen,c/a�m or demand ,
<br /> -�.�"� � -. '� and to ai!rights and secudt/es P�the payment tbereol pa/d or di$charged by Benellclary under the provlslons hereot and any such . , .
<br /> - - -;: sabrogatlon dghts shall be additlonal end cumu/aUve secudry for thls Deed o.t Trust ,
<br /> • f 1. CondemnaUon The proCeeds of any awa�d oi afalm to�damages,dlrect or cansequentiai,ln connectlon with any condemnaGon o►
<br />� ' ' other taking of the Tiust Praperty.0�any part thereol,or fo�conveyBnCe In l�eu of or In anticlpa6on o!condemnaUan,a�e heieby F. _
<br /> � --� asslgned to and she/l be pald to Beneflclary.�iusto�w!!I Ale and prosecute,in good faith and with due diligenCe,its c►aim tor any such �
<br /> � � award a payment,and wlJl cause the same to be collected and pa�d ta Benea�avy.and,should it fail to do so,Tiustor Inevxabty '
<br /> �.�..' " autlro�izes and empowers Benellclary,�n the name of Tiustor or otherwise,ta fre,prosecute,sett/e or compramise any such clalm and � �
<br />� �. ' � to collect,recelpf for and�etaln the p►oceeds.If the Tius1 Property ls abandoned by T►ustor,or,after notice by Beneficlary to Tiustor .
<br /> � �hat the candemnar oNera to make an awa�d or sattle a clalm fo�damages.Tiustor falls to respond to Beneficiary within thl�iy(30)days ;
<br /> � . . . after ihe dffie such notice 1s mailed,BeneAc�ary�s authorized to eC'lect and apply the praceeds In the manner indicated hereln. The ; �
<br /> ' proceeds of any award or clalm may,afte�deducttng ap reasonable costs and expenses,including attaney fees,whlch may have f
<br /> . • been�ncuned by 8enelJciary!n the collecUon the�eot,at fhe adle dlscretion o!Beneliclary,be released to Tiusto�,appiled to i • .
<br /> • � restoiadon ot Tiust Pioperty,or applled to the paya►ent al the Indebtedness.Unlesa Beneflclary and Tiustor otherwlse ag�ee in w��ting, �
<br /> � � ' any'such appllcaao»ot p�viceeds to lndebtedness shaJl not e�end oi pastpone the du�dare o!the Nate o�the payment af any ;
<br /> � insfallments called for the�eender. �
<br /> . '' M. Trusfor Not Re/eased.Extenslon of the Ume lor payment or modilication ot any amo�llzatlon of the Indebtedness granted by Henellclary � .
<br />� •. � to eny successo►!n lnterest o!trusta ahe11 nof ope�ate to ie/ease,ln eny manner,fhe dabllity of Tiustor and t�ustor's successo►s in !
<br /> '� . � -' " Inte�est Bensflclary slrall rto!be requlred to commence pioceedinga agalnst such successor or refuse to extend time for payment or ;
<br /> _•_ ..� _ . , _ othem/se modlly amcrnzatlon of the tnde�tedness by ieasan ol eny demand made by 7rusto�and Tiustor's successo►s
<br /> . .. .,. � Jn Interest ;
<br /> � _ • � � ,;•�;•�,'�;i;�:�;.; 13. FlnanciaAlMo�matiort.t,pon request of BeneNclary,Ti�stor w10 proWde fo Benetici2�y,witht»nlnety(90)days o!fhe c/ase o!each fiscal
<br /> . �. :_t`•,4�;;�� • year of tYustor,the cnrsol/da�d balar.�ce sheet and statemeat aP earnings ot Trustor and any artd all gua�antors of the lndebtedness
<br /> ' - secured hereby,!t any,3ad wfi!prnuid.e and deliver to Benepciary suth oUrer l;r,anclaUnformation eurd/n such manner as Beneficlary
<br /> � . . ' ' may�easonabiy�eque<t�►'rcm trrre co�me. �
<br /> •' . , t4. Flnanclal Covenants.In°��d1Uon to any athe�fMarrcrat ccvenants ot 1'iusta maCe In any othe►agieement,lnstrumenf or dxumertL �
<br /> ___ -_ _ _________ • Trustorahall ccmpJp►�1s and sl{aUcause aay and a�7gua�antors at the indebiedness secmed hereby to comp/y with.or be in �_ _ _
<br /> ' compllanCe wfth,fhe follow/ag finarraal aovenan(s:(Thls paiag�aph ahail nof apply if cov�nants�n�/eQulr�mants ar8 nat set � --• • . � -
<br />. farth hereln.) t
<br /> � • �;• !S. Schedule ot Leases.Withla ten(10)days after demand,Tiustoi shall fumish to Benellciary a scheduJe.cetited ta by 7�ustor,semng `
<br /> • . _ . forth all/eases of the Tiust Propeily,or any po�6on the�eol,tncluding!n esch case,tAe name of the tenants qr occapants,a descrlpUon i
<br /> . . qf thaspaee oceupied 6y sach fenantoroccupanf,the rental peygb/e for such apace,add suchbthe�into�mafion anddxumgnts w�lh - -.. '
<br /> • respect io such lesses and fenancles as geneflclary may reasonabty�equest. � .�- .
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