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<br /> _ '} .. `< __. - - . _ - c : - , . . . . . `! . . , ' .� __�- ...__. ,__"__.. . .
<br /> � Y`..`�° „-�,� - , , : (r��r��aa+��araaran.rcr�r'�sirh�o.v�rl.+�r.d+�parrcrauessea.placedorm�d'sa�+�td�rrust
<br /> . _. p�iq�t[�TwMoriFrlAw�.uPa►wrid�r►r�tbl►BrnKcirY.�aProa►PtlYd��ror�8an�tar�raitroc�iptsFar�f+spaye►�Mx,d
<br /> snClECt��rp�s.Tiu��klwfa!i�r+Mtbp�►atli�l'�as�nndotlrp'<�h1r�s Nv!ldt�0lt oru�d.P(rwdori�dt
<br /> aQ�ir�atn�r�dM;tlY�fssMil�d'�iu�ta�nconrfrlfor►lMnd-. . .. � _ _
<br /> S /�ppNcdtor►d+�yn�rKs.ii�l�Y�����Y 9irMlkl�rY a�b ar�y d�01.�abi�[1►or obliga0�a!owrd to 8�r►N�cfari►bS►Trus�or ,
<br /> �Y�4�P�+d�ei�Y�+�P+�Y►n�rx at��rd�bl�drwss a�o any s�ch dhar dsD4�+b�N a�9+�•in arty orri�r or
<br /> m�rr�►ot�pipficaBon rvhfcA B�ns�CJrY.In I(s�6saluN di�Cn�Etan.d�aNf►s+iP�noA�i�ts iJnlszs afherwlse sl�cted bY Ber�e�ciarY��Y
<br /> a+ucAp�ryfn�fM ahW 6�dNnwd tPPNed h�p tl�!p�yrn�x a18rydAb�fi�b6li[Y ar ob�Q�ia+i otlle►Nln Bi0 NOte
<br /> Q 6. CAwpa:fl�na-Tnlslorwlf A�epfhe 7rust Prvpsrrylr�w Itom aY�iens andeneumbiances wAkh ln ar►y waymay.fn the�ud9rt�a►t d —
<br /> � � g�;1jry�/�aye pdpfy o+rer.a/mpair fM secutfry o%fl�IS Osed oI Trust buE Tiustar need not disCharge any such bsn Solong as �
<br /> tnulorshaN a�ree.in wribrg,topaythe obNQat�an aecwsd bya�ch A�enlns rnanner accePtaD/e to BeeeGclary and shaNir,good taNA
<br /> conn�tsuen ran 6�r approp►udlsgd pro�eedw►g�erl�ectiva ro prevenr drrsnro�rcemenr ad�e ker►and a;e a�s at uy incsne�lr►a
<br /> _-'�i_ partotthsTiratPropprry. . � - ` = -_
<br /> =_ . 7. Hazard In�urance.Tiuseor alrall keeP fhs bu�dengs and ofhar ImpruMer►�ents riaw ezistiirg orllensaKer erected on fhe Tiwi Property . _
<br /> -- : inswed by trts+xance canders sa�hstacto►yta Bene�rCfsry agafiist I�ats by fire,harerds fncluded fn the Mme"exterrded cnverags' and . . _
<br />--- •.:•' such�hazards.casualties anii car0agericies as may be roqufred Dy Bene�icfa►y.in such ama�nts and farsucl►pBriads as may bs __
<br />_�� rsquisdby 9ene6daryt The vo�CYainsurirncs slraR,bstn Irom►accevt+01�ro eeneficiary.vrovtds uraou,e samemaynorbe —
<br /> =. canCe�edwmodil'redwid�outfiAesn(151d+YsWta►wrNte�►hodce6o8enellCiary,andshaphavelossPeYebleP��siataNOratand --�--
<br /> :_� In lbmr acceptabla to Benefrclary.All premiurns on h�swancepo�les shaYbe paid in tAe marrner prwfded unde►P�9�'��� � __--
<br /> '..- w.Hnot paid in s�h manne�.6Y Tiusta mafring p�yment at/east 8llean(15}days pnorte:the dne Kate.direCtl�t0thelnsuvance �'�
<br />'<..� carrier.BenelFclary sAaN hdve fhe right te Irold lfre AoAicies arrd renewals Mereot and Trt�sta ahai!p�ompBy tumisN to Bene6cfarY aN
<br /> �-:-�-
<br /> r s n e w a/r w 0 i ces a n d a A p a i d p t e m l u m r e c�e i p t s r e c e i v e d b y i t l a n o @ v e n t s h a/l B e n e f r Ga ry or 7nrstee be Aeld res�n s lble fbr faikire to �-'y3____:
<br /> payJnsnrance prerrJwns atfoianyloss a darrta9�earis�ng autofia defeciin any poticy a ar�s►ng o�t ol any faiture olan�r lnswance -yri��
<br /> company to paylforarryl�ass adamage Insured against or I�Or fallure by Tms�tw to e/fect the Insurance required hersunder.Irt the event _.
<br /> � of bss,TiustorshaNglve prornpt nodce by mall to the insurance canfe►and Ber�aficiary Benefrclary mayr►iake proof o/Wss il not �.�_✓;;;T
<br /> �P�P�Y aln properform by 7msow.N►poNcTes o(Insu�ance and arry and a(f refurtds of uneamed preminms are hereby "•��,,,,,�.�
<br /> b BaneNclary as addiGonal secun lbrthe eraoithe lrtdeDtedness.!n tlre eveMoi BeneTiaary's exerclse o/the powet
<br /> � of ales�coMained hereln,ain the event of fo cl�.w�gAt,title and IMerest ofTiusta!n and to any insurance policy Mer►in for�e �s�?-
<br /> .sph�a�qpta_sr�s Nto/t�ke�.pnrxchasj�eratthe fi�ee's sale orlbrec/vsure sale.In casa o/anybss,the rnsurance proceeds may.at tt�e cPtan or �..�'�•r
<br /> ' •t'r ppllY�lY1�.7�YV`7'�1 �.;- '. -
<br /> ' Benefictary upon tt+e Indebtedness,aanyPaBlhe►eof,arfd frt such ader and amountes BeneTiclarymay :��,=�
<br /> del�ermir►�;or said inswanca proceeds,at.the opeior►o/Ber►efrciary,mapei�frer be used lmrep/acing a restaing the Tiust Propeity - -
<br /> ' P���Ya���Y�roa conditia►sat/sfactory to Beneficlary;orsairf/nsurance proceeds.o.a►,y por.a�o�►rr,�r.or,may� _
<br /> � •� , , �.-:% rbleased to Tn�r�l.�tess 8E►reficlary and Tiustar otherwtse agree Jn writlng.eny such application o/�nsurance praceeds sAaU not , ..�
<br /> t : �' �a�.. �d�poy�rr��eC�dat�ot tJre Note,a any Installments ca/led fathereln,oi change ihe amouM of such(nstallments.Hthe ;,�-;
<br /> .��. TrasiProperl�c�'a.'�rrne�tsYBeRefrefarypvrsuanttothBexerclseofthepowerotsalearntherforieclasar9,alldQht,tideandinteiestof n__�_ 1��..-
<br />, r. .:: : : :
<br />� , `:"';. ^���-�:� T�in arid r�4'�ylnsuranc�proceeds payable as a resuK of damage to the Tiust Properry prior to the sale or acquisiGion shall pass . . �
<br /> .. ,�-, ;• �---
<br /> �`-1-�. '. . ' iciC-�9rrelklary arrd.shaU be applied fl�st to the cosis and experises.lncluding attomey fees,incuaed Jn collecting such proceeds,then ,. �,;. ,-___
<br /> '�:�;�, . ' ��r�e manner a�d�n the ader provlded herein. � � • ,
<br /> �':>., � �
<br /> ���s�''.._:•' � � P�-�BrveUon and Mainienance af Tiust PrapeM Trusror wiil keep We buildings and other improvements now or hereatter erected on , • � , ���
<br /> , :-'f,�.,;• -.f. .- , --
<br /> f�: = #�S�nrst PropeM in good re�arid coRd�on artd wilt noi cammn or pe�nn w�ste,wilJnot aiter the deslgn orffihuciu.�ai character . ; ;;.,;<<, .
<br /> '• i• �'•;a�' . , c�arisMUdng any building no�c�trerealter erected on and ca.r.�ng the Tiust Property wilhout tlte pr�or written ca�ern ot . ;�;.:�
<br /> .:����` Beneficlary.wilf not do any ac�flr thJng whlch would unduty i�r or depraciate the value of the Tiust Property ar�a�:�:r rrot aBandon _+.;.:;.,;,.� , '.
<br /> " r' '' the Tiust properry.Trusta Kn71 not remove aay fixtures consdtunng tlre Tnut Prope�ty un/es's the same are immeCia?r:y rep/aced with .
<br /> �.`::>,-•,,; .., � •
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<br /> - ��-�--�:-..� rke p�npelty su�to the lien and Securlty interest ot th/s Oeed ol Tnrst and of at least equal va/ue artd u�ry.T'rustor wfll comply w"dh
<br /> � all p�esent end 6L.:rre o�dinances,regu/ations and requlrements of any govemmental body wh1cA aie app�cable m tJ:e jrusi Property
<br /> = ,: '.� end to the occr,�sarcyancf use.hereof.ll thls Deed of Trust is an a unit in a condominlum or a ptanned urtit devafaprrre.�7rusto�shaU ;: ,.n``��,'':
<br /> ' perform all o!Trustor's obi�g�s under the declarations a�eovenants creabng oi goveming the candominlum or Ure p/anned emit %
<br /> - ' °} developmerrt,U.e isylaws a:�:�ulations ot the condominium or pianned unif developmen;and the constrtuent dacvments. •�;`� . , � -
<br /> " • - 9. Irtspectlon.Be�«iary or its agenfs may,at ap reasonable times,emer upon the Trosr Properry for the pvrpase ofinspeckon. J_��_
<br /> • • B e n e f i c i a ry s h a 1 1 h a�e n o d u ry t o m a k e s u ch in s pe c Uon and shall not be llable to 7nrsm�a to any person/n possession i!it makes or � � � , _
<br /> • -�= r - /af/s ro make arty sach inspection. � _;�. , • :. �
<br /> ���- "��� f0. Protection of Securiry.!f Trusrvr tails to pedorm any o!the cavenants and agreements oontatned In thls Deed o1 Tiust,or i!an ac8on ''° r `. - _
<br />� ••, �,.:�,,,.. ."•�' . y : ,>:<'' . . � _
<br /> ''`�"-.-�."--,.:t?=;� .' a proceed/ng is•commenced wtrieh does or may adveise�r aNect the 7rost Property or the/nlerest ol Trustor or Beneficlary ri�erein or : .�;,_. '. ° `
<br /> - -=:=�=<•-•:-: �� ths dtla o!7rusror thereto,then EeneHciary,at its option,may peAorm such convenants and agieements.make such appearances. � .�� �% r`. _'"
<br /> ,,,.,,,, .,,
<br /> ' ��• � • . defend agaJnsi an0lnvestlgate such ac�on cr proceeding and take such other acGon as Beneflclary dc-�ns necessary to protect its . . .
<br /> . ' lnterestlncfuding,but not IImlted to,dlsbursemem ol reasonable ettomey fees and entry upon the Tiust isroperry to make repal�s.Any E .
<br /> �= �' �, amounts dlsbursed by Benef�elary pursuam to thls parag�aph 10,wirh ir*e�est thereon,shall constftute lndebtedness ol Tiustor , ;;
<br /> �•�';�,= • - � secured by this Oeed of Trus�i/n/ess Trustor and Benoftclary ag�ee to o:.her te►ms o/paymenL such amounts aha�l be payable upon :: � . ...
<br /> �tir'-�;'• '` i notice fiom BenehClary to Trus:��equesting payment therea`.and sha/l bear Inte►est fiom the date ol dlsbursemensG ihe default rate, • , ,"" '
<br /> .,,:,•; ;'";�'i:�.�
<br /> : �yt.:. 4; Nany,set laRh/n the Note.6rabhenvise at tAe highest rate�cer,sr�ned by 1aw.Nothing cor.talned in this parag�aph st+�.7 require ; :. , '��
<br /> � � "�• >. � Benel/crary to incur any expense or take any acllon heieunder. Tiustor inevoCa6ly authadzes and empowe�s Beneficiary to enier u,�s� ; • :
<br /> '' ����, ,'.�` ' the Tiust ProperCt as Ti�stvrs agenf and,in�rustor's name or otherwise ro�e�form any and a!1 caverrzr.ts and agreements to be `: , •
<br /> ' �,�::, peAaimed by 1'r�:.,`"'ar as herein provided.89r,effclary shalJ,at tts optlan,be subrogated ta arry encur,:i��ce,llen,cta/m or dema�� ';. , . .
<br /> ',:;;ti,:�, :=.: , end fo ail rJghts and securiGes'o�the payment thereof p�:C o►dlscharged by Beneficiary under the p�:;�islons herec!and any such r . ..,, ,
<br /> ,_.�,.;�.� . r• subrogaUon�ights shal!be aC���onal and cumulaGve seci;r��far thls Deed of TiusL ,
<br /> . . 11. Condemnatlon.The prxeeCs of any awa�d or clalm lor Cz^7ages,direcf or consequentlat!n connec�on w/th any�;;rdemnatlon or ° . ,. �
<br /> � . . • other taking ot t:*e��ust PropeA}r,or eny part thereof,or fa conveyance!nliau ol or in anticlpation otc.�demnaUon,are he�eby r• .
<br /> -- -- - _•-- - - - asslgned to anct sha11 be pard to Benellciary. Trastor will life and p�osecute,In good faith and witi►Cue�,Itgence.+ts claim!or am,r�:h _. . .
<br /> • award a payrrr��and will ca�se the sa,r,e's be cotlected and paid to Beneflc/ary,and,should'K/�:d t1 do so,TiustorinevocaG:;� , •
<br /> • . a�afhalzes and empowe�s Ber�.=�ciary,in tr.e name o1 Tre�st�r a otherwlse,to�ile,prosecute,settle or aompromise 2:y such cla;m and
<br /> �� rn coilect,►ecelpt for and refa:*r C.�e procee0s.If the 7iusr PropeRy!s abandoned 6y Tiusto�,or,efie�notice by BertE`��ry to Trustor �
<br /> • . .rHatthe condemnar ofle�s to make an award or settle a clalm for damages,Tiustor fatls to�espond to 8eneflclary w,4*:n th►ny(30)Cays , .
<br /> � ''� • � alter Ute d8te sach notice Is mailed,8eneffcr2ry ls authorized to aollect and appty the proceeds in the manner lndica:�d here/n.Th°
<br /> '. praceeds ol any ewerd or clalm may,aftei GEC1cNng all reasonable costs end expenses,lnc/uding atramey fees,wh1Ch may h�-,re �
<br /> • � • been/nCUned by Beneficlary!n the co!lecL•cr,�ereot,at the sote discrotlon oJ 8eneficlary,be�eleased'0 7rusio�appded to �
<br /> restoraUon of Trust Piope�ty,or applled to the payment af rhs tndebtedness.tlniess Benel�ctary and Tiustor othenv�se ag�ee In writing,
<br /> � any such appllcatlon al p�aceeds to lndebtedness shal!rtot extend or postpone the dua date ol the Note or the payment ol any
<br /> ' ' lnstellmenta called for thereunder.
<br /> � .. 12, t�usto�Nof Released.Extenslon of the time far payment oi modi/lcatlon of any amortization vf the tndebtedness granted by 8eseficJary
<br /> to eny successo►�n tnteiest ot tiustar sha�►not operata fo re/ease,!n any manner,the llablliry of TrustOr and tiustor's successors in •
<br /> . • .. lnterest.BeneliClary sha11 not be requlred to commence proceedings agalnsf such successor or iefuse to extend time for payment or
<br />� otherwlse madify smoitlzatlon al the/ndebtedness by reason of eny demand made by liustor and Tiustor's successo�s
<br /> -,_ . _ _ M lnterest. .
<br /> ; 13. Flnarrcla!Infoanatlon.Upon rsquest of QeneNclary,Tiustor wi11 provtde to 8enefictary,withln rtlnery(90)days of the c�ose of each liscal
<br /> .� '. • yea►of Tiusto►,the consopdated ba/ance aheet end statement o!eamings ol Tiustor and any and all guarantors ol the/ndebtedness .
<br /> ' seCUred hereby,Heny,and w111 provlde and deliver to 8enellclary sach other financlal JnlormaUon and!n suCh manne�as 6eneflclary •
<br /> • may reasorrabJy request lram bme to Nme. .
<br /> • . 1�, Financlal Covenants.ln addiBon to any oiher financlal covenanis af Tiusto►made in an y olhar agreement,lnst�ument a�dxumertt,
<br /> • . Tiustor sha/l compty wlth and shall cause any and a/I guaranto�s of the lndebtedness secmed hereby to comply with,or be!n
<br /> ° - - -_ _°—�------ campliarrcewitfr,ttmfolfowl.rgfiri�nc-fafcr�v�rrrr�tts:(nHSGe�a�ephshellnotapplyitecwarsanfsandraqui�emasNs�r►otso! �
<br /> foRh hereln:) �
<br /> � � p 1S. Scheduls ol Leases.�thln ten(10)days'aKer demand.Trustor shaU/urn�sh to genefrclary a schedule,ce�bf"red M by TrrJstar,semng ;
<br /> . � • ' Po�fh alUeases of the liust PiopeRy.ar any port/on thereol,inc�udmg in each case,the name o!the tenams or occupants,a description '
<br /> � - - -ot.N9 spacs acsupied by such tenant araccupant-Me rental payah/e fatsuch sp2�cs,and sush other inlormaNOn and tlocuments wrth t -
<br /> , , respecfto such leases and tenancles as Beneftclary may reasonatrty�equest. � .
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