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<br /> . � . � � – - .� -:�`� �" �� `<. ` . . - . , _. . .. , _, - .
<br /> . " � � - ��.�:�f�vsy scA.. . . -. - � . , � _
<br /> � , . . £L _ - _ -. � � ` , ._-.. - . .
<br /> � ' ` � •� . . . . . . � ..— . _ ; . . . : .- ' . � _ ..
<br /> .�� -.L__�� r . . . .� � _ t . . l�." . �
<br /> tnws�nc�P�P�+d�w�ar.�ndarol�rdr�r�wAd+eorwrlwV�dypuiF orsu�s�d.Oka�dc►+eu�d�a�alh�t��rwt
<br /> ' � ��o�ry.TruMxIFrMNr�e,upa+wrA�M�nnQu�tdYB�r�rY.l�proe��p�y�1!v'1nBu�NietarYMncNPtib►�paynr�►td:
<br /> — .s�d►�►t�►�s.�iuda�awr,.��o pr�rar ar�.�a�prrMner a+,a odwrci�r�u N�ii upor�a�:.saa,v+ic�0 o►m�tds.
<br /> � ��ani«RSUr�d 6Y.tAtr aw�da rnat a 1M�cairliBon tKnol. �
<br /> S /�p�p�Yc�Mtan a Paym«M�IurwYn�nes nc�FNd bf►B�nNiclrY u M anJ►dsbti,li�blih a ob�yaBor�owrd ta B�icluY Ojr TiusAo► ,
<br /> �►yY p��d oY 8w�C1arY a�p�yn+�nt of EA�k�d�sDhdn�ss ar b ariy aucli dhsr d�D�NebfilYaobli�a�a�•.lrR any ordM ot
<br /> marx�srW a�pplrc�to+�wNcA�HenelFciarY.ln Ib aDsaA�b discrs�ia�.dbems ep,propnfate.UMess othsnvise e/ectad by BeneficlarY,�Y
<br /> — sucl►payrne�►r snalV ae d�emed app�sd�rsr ta u,e p+�yrnerrtot eny de0t r'aW6y o�rooFgaBa�on�er a,an cne IVote
<br /> Q C1wQe�Lte►►s Trw�or wfNkeep the Tn,st Property/►ea from dl�ens and encumbrances wAkRln any way may.�n u;e�udgmm�rb►
<br /> — Be�sfielary.ha►re p►la�ty oti+er.atmpafrfhe secu►fryW.th►s D�sd W Tn�stbut 7rustor rseed rrot dsclrarge any such 6an av latg as
<br /> Trtatu�rsheN agree,fn wnOn►9.toAaY fhe abligabor+sacwed by such�"ren In a rranrreracceptable M Beneficlery end shaUin good/afU► _
<br /> -- - � � conlesrsnctr�enDrappr�prieteleg�i�eedrngsarl�e�freiQaev�rthe�o�:emeacarhelienendu,elossaarrymreresrrna �_-_--_-_
<br /> part o/tds TiusE P�oper[y. -
<br /> — � 7. Haxsnd hawance.Tnu�or shalYKeep fhe bufld�nSs and odrerimprnvemeMs now exJsting a hereaRer erected on the Tiust PruperN ==
<br /> � instxedl�ylnsurarrce caRiers satsfacrorY tn Benellda►Yagainstloss by Bre.hazards included ln the term'extended coverage°and �r--�--
<br /> �hµ-__�
<br />:r_, ��, sur,fr afher fr�ard�casr�es and c�onB►►gencies as mey be re�IWr+ed bY Bene�farY�n such ernounls arM lorsuch perioas as may be �z__
<br />- ►e�ied bY genelPciary.lhe po�cy oltnsurence shaU be in l�rm eccePtable tn Benebciarl.-€xovlde that the sarne may not be =-
<br />`-`'' �d orrr�lFed wiH�aK 1'iAeen�f5)days prla►w r l�t en r�otice to B�nefici a r Y,and shaYhave Jross payaDl�e Pia+dsi�ns IR tavor ofand ����_ _
<br /> in 1hm�accspteble.M Beneficlary./W pren�iixns on Inswance pokcles shailbe paid In the mannerprovided underPa►a9►aPh I heneof � -
<br />, .-- or,ilrrot paTd I!�suCh manner,6y Trus�forrrtaldng paymern atJeast 6/teert 1�51 days P►forto dre due dat�disectlY to the insuiarHCe "�---
<br /> ` canie_r.BenefiCleryshaMha�re the rtght to hdd the po�icles and renewafs theieot ertd Tnrstor shall prampL'y fumish to BeneHClary al1 ��+::�:-�,.---
<br /> reneivaFnadces and al!pafd prenuum rec�ipts�aceived byi�In r�o eventsha118enefrclaryor Tr�stee be heldrespansible lfor faNwe to -;--:�°- ���
<br /> _' 1':�.-�_.�.��.---
<br /> payinsu►ancepremlumsa►foranylossordamagearis7n9ou[ofadefectlnartypoNcyaarisingoutofarryfailurso/anytr►su�ance <-;-`.-_ -v
<br /> - � �P�Y�PBY��Y���ageinsured aga/nst wliQrfallure by Trustdrto eflect�Insurance�equlred herermder_!n the event _ -
<br /> � of/os�Tiustor shaR ghre pr�trroCCe by mail to tl►e Insurarrce canlerand Beneficiary.Bene�rclary may make proof of loss Hnot -
<br /> ;-- madeGromPtl�or ir��c'�r�rt by Trosfor.AI!policles of insurance and ariy..and a/l rehmds o1�neamed Premlums a�e Irereby _ __ __
<br /> � " ' assigrred to Bene�asar�fi0�onaJse�uriry fathe payment of the/nde6fedriess./n tha everKOlBenefiaary's exencise ofthe power : - _
<br /> _. _ ?:�.- cfsa�c.atrtained�rerefi;���ie event ol ta'eclosure,all d�fltle and hrteiesrt ot Tiustaln and to�y insr�en:,a�di[.ry�then/n brc� .,. •
<br /> • s[eall±v�ass to the purcAaserai tthei�rstea's s a l e or f o►ec f o sure s a l e,in case o f a n y/o s�t h e,l n s u r a n c e proceeds m a y,aE�?e o pbon ct .. . `__..,;` -_—
<br /> ti'=<, 6!ene�iaary.�aPP�d by Be�e?e.fi�t�ry upon d►e 1�(debtedrtess,orany part tliereof,artd"m.r�;rh wder andama�ntas��.�ciary may , �. ^" s� ,"� , __
<br /> ; . .. �e�mine:a satd insuierx:e prac�eds,at the opBan of Benellclary.may ei�er be usea�in�lactng a re�.�L'r��lrmrsf�rupe►!y `=�r ,,� -
<br /> - _ - � �r�r. �. pa�ra!!y a totaly desdoyed to a cond�h'op saOisfaciory to 8enefrciary;orsai�Jruurarrce,��ce�nr�p��ti�n thereo€,rhay be � ��a=
<br />. ,� .,;y;x.• ,-.<< , , refeased to Tiusto�Unless Beneficiary and fic�E�athe�wlse agree in wridng;any s���F;�a��insu��ce prbceeds shalf not ; ,�'�`_
<br /> ? � ,..e�eatda postpane Gre due da(e of the Note,ar�.�!installmertts cai1ed far thereirr,ru c?�ang�L�a^���c�srrch instaNments.Hthe
<br /> ',.,r'�;,s�`r:,� �°}% ,Tr�ssPropertylsacqalredAy 8enefc'rarypynsuant�rheeiceCcissoi'rhepoWera"s�7eoraE�ar�u�z�lasur�ailrlglrb mtearrd/rrterestaf- . _ _._
<br /> -.;�_ �+����%�t�:.. , �'rusr�in and to any1nsurance procseds payable as a resi�l;�f�famage to the Tc�?�ayer*�,x;c{t3 C'ig S�or acquisipion shalt pass `. � '�,�
<br /> � r ''t�°=rss ,' '�tts Ha�aeF,Ctary and ahe11 DB appF�f tust to fhe casis and expenses InCludirt�8tta�.�:?jf�8S;I"7:.�ir�!!1^COti�st/ng sucN proceeds.fhB1II , _�
<br /> ' in�e manner an�E sc�the arder pravided heiein_ . . . � t�
<br /> ,rf., �, :., .� � �.�:
<br /> � ._�..
<br /> 8, Pr�se�ration ana dVl�infenance a{Trust Property.Trustor wi0keep the bur7drr�gs and atherimpravernar.�s n�+uar herea�'e�erecte�ar, ,,�.
<br />• ;�" .•yi''�;;;•. Ure Tiust Properry in good repali and condiUon and wlil notcammftapermit waste.wl!!not a/ter the desiSrr oratiuctwa1 cnaraCter �.
<br /> .,:��.��;,`�.• � consAtrrNng any buifding rtow ahereafter e►ected an and constiwd'ng the Tiust Pmperty witt�out the pdo►wdKen cartsent of . _ .�`
<br /> -..,�,�; ., ,,, BerteBciary,wlU not do aay act a thing whiCh would undulyfmpalror deprec/ate the va/ue oI the Trast Prope�ly and will not sbandon �` .;.�
<br /> - �r .�,..�,�-:.:.-_-:=.
<br /> �.,,.��: tAe Trust Prope►ry.Trustw will not remova any fixtures constituting the Tiust Prope►ry unJess tAe same are Immedlatety rep/aced wJth
<br /> . '�'��- fike property subJectto the lien end security/Merest ol this DeeO o/Tir�stand of at/easi equal value and W/ity.Trusta will cvmply�itA ; "_�'�.°r"�
<br /> ',�:�r�_ ; al!p�esertt and hrtme adlnances,regulatlons and requl�ements ol8ny govemmentat body whlch a�e appllcaWe to the Tiust P�operty �;�
<br /> � . �� and to the occupancy end use thereol.p thls Deed o/Tiust ts on a unit!n e condomintum or a planned unit development Tiusta shail �F
<br /> ` perfo�m all o!Trusta's obilgaUons under the declarations or covenants c�esting a goveming the condominlum or the p/anned unit
<br /> ' , - �eue/opment,the 0ylaws and►egu/ations o!the cundomintum or planned unit developmenf,and the Constituent dxuments. � '±�
<br /> - , 9. lnspecUon.Beneticiary or i1s agents may,at ep reasonab/e bmes,enter apon the Tiust Pioperry for the purpose of inspecoion.
<br /> • • ' • Beae�iclary shap have no dury to mak9 such lnspection and shall not be lisble to Trustor or!o any peison ln possessfon i/it makes or _
<br /> '� � ' falls to make any suc/r inspectlon. � , . °_
<br /> '. • '. � ' f0. Protectlon o!SeCUriry.U Tiustor lails to pedorm any of the covenants and agreements contained in tltls Deed ot Tivat,vi it any action : • • -
<br /> _ — or proceeding is commenced which does or may adversety affect the Tiust Propeity or the Mteiest o/Tiustor or @eneficlary theroln a , -
<br /> � � Me dtle ol Trastor thereto,then Beneficlary,at its optlon,may pertorm such comrenarrts and agreemeMs,make such appearances, -
<br /> ' • de%nd agaJnst and�mestigate such action or proceeding en0 take such other acUon as BenefiCiary deems necessary to prutect its
<br /> ' inte�est lnc/uding,but not pmited to,dis6wsement ol reasonable aKaney lees and entry upon tha Tiust Pioperry to maka repaJ�s.Any
<br /> emounts dlsbu�sed by Benerclary pursuant to thls pareg�aph J0,wlth interest thereon,shall ConsUtute Inde6tedness of Trusta • ,
<br /> ' � . � aecured by thls Deed ol7�ust.Unless Tiusto�and Benefictary ag�ee to other terms of payment,such amounts shai�be payable upon _:
<br /> ' � .�_ noNce lrom Bene�ciary to Trustor requesting payment thereol,and sha!!bea�lnte�est fiom the date ol disbmsement at the delault�ate, �' ��
<br /> � ' .- N any.set lohh 1n the Note,o�orherwlse at the hlghest rate pe�mitted by law.Nothing conta�ned ln thJs paragraph sha/l requlre • .�=.=:a� �
<br /> � ' Benellc/ary to/ncw any expense a�take any actlon hereunder.Tiusto�inevocably authobses and empowe�s Beneficlary to ente�upon �•� �� '`'�•���.�
<br /> •'�� the Trust Pioperty as Trustar's agent and,in Tiustor's name or ofhenvlse to peAorm any and�11 covenants and agreements to be ( � �
<br /> � perfarmed by 7�usto�as hereln provlded.Bene�Iclary sha/l,at ifs optJOn,be subrogated to any encumbrance,lien,C/aim or demand f � . ,
<br /> � � � and b ali dgAts arrtl securftles lor the payment ihereof paid or dischaiged 6y Beneficiary under the p�o�isions hereaf and any such !
<br />� � _ subrogatlon�Ights shalt be edditional and cumufative securiry Ior thls Deed o/TiusL t - _
<br /> • - 11. Carraemr+aUon.�he p�oceeds ct any award or clalm tor damages,diiect o�conseqvent/al,in connectlon with any car.�emnatlon oi �
<br /> ' _�`'__. _other taking o!th6r Tiusf Property: �r any parf the�eot,o►for conveyance!n lleu of o�ln anticJpat/on ol con0emnatian,are hereby
<br /> - - � . � assigned to and shall be pald!o Seneficlary.TiustOr wlll life and proseCUte.!n gaod larth and with due d�:tigence,its claim for arty such �. ,
<br /> � � � award a payment,and w01 cause the same to be collected and pald b Beneficlary,and,shou/d it fai►t�cio so,Tiustor tnevacably (
<br /> ' � autlroBzes and empoweis BeneOclary,In the name of Trustor or othenvise,to/rte,piosecute.settle or campromise any such cfaim end !
<br /> to collect recelpi for and�etaln Ute proceeds.Il the Tiust Propoily Is ebandoned by Trusto�,or,aRer noUce by 8enel�clary to 7rustor � .
<br />� ' ' - � • � that the condemnor oXers to make an award or seflle a c�aim for damages,Tiustor lails to respond fo BeneffoJary wirhln thlrty/30)days �
<br /> � � t � alter the date sech notice/9�nailed 8eneficlary ts authodzed to callect and apply the p�oceeds!n the manrter ladlcated hereln.The ; • •
<br /> � � , proceeds ol aRy award o►cl�lm may,aRer deducting alJ�easonable cosis and expenses,lnclading attaney lees,whlch may have � •
<br /> � . . been Incuned by Beneticlary!n the collection thereol,at the so/e dlsc�etlon of Beneliclary,be�eleased tn Tiustor,appded to
<br /> � . restoradon of Tiust PiopeAy,or epplied to tha payment al thv Imiebtedness.Unless 8ene!lclary arrd liustar olhe�wlse agree in wriNrtg,
<br /> ' '� any sach App!lcatlon of prviceeds to lndebtedness shall not extend or postpone the due date ot Ihe Note oi the payment of any ; -
<br /> � � fistallmenfs catled fa thereunder.
<br /> 1?. Trttstor Not Re/eased.Extensian af the time f0�payment a modilicatlon ol any 8mo�tlzallon o/the Indebtedness g�anted by BeaefiClary ; .
<br /> . to any successor In Interesf ot Tiusior shal/not operate to release,/n any manner,the liablliry of Tiustor and Tiustor's suCCesso►s ln ; _
<br /> lnterest BenefJc/ary shall nof be requlied to commence p�oeeedings ega/nst such successor o��efuse to extend Ume for payment or
<br /> _ . . _... otherwise modily amom'zation of the lndebtednsss by�eason of any demand made by Tiusior and Tiusmr's successors
<br /> • In/nteiest. • .
<br /> ' f3. firtenclal fnfonnation.Upon request o/8enefiClary,t�ustnr wr�l provlde to BBnefiClary,within r,inety f94)d�"ys a1 the close ot eaCh fiscal ,
<br /> � � .. ' � � yea�ol Tiustor,the cansolid�d bafance sheet artd statement ateam)ngs nt7rustor a�rd ar y arr��fl g�i�aranfas ol the fndebtedness • .
<br /> ' - � secmod hereby,if any,aad wlll p�ovltle and del'rver to Beneliclary such othe►tlrtanclal I�onnaUort anG 7rr sr�ch manner es BeneCciar� .
<br /> . • may reasortably r�quest/rom Ume to Ume.
<br /> � - i�. Fteanelal Covenants.In addiUort to any cther financlal covenants o!Tiustor made in any other ag�eemerZ lnstromenf or document, .
<br /> _ - ___ —_—.--- Trustor shall comply�ith antt shall ca�se arry and sU gua�anWrs af tha lndebtedness seCUred He�ebY to comp/y with,or be tn . ___- - _ --
<br /> . . . . .�. �
<br /> -= -= --- --
<br /> � comp7lance with,the toilowing financlal covenants:(This paragraph sh80 not app/y il covenants and ieq�liemeMs aie not set � �—--- - --- -
<br /> . taRhhereJn.) . .
<br /> . ' f5. Schednle of Leases. wthtrt ten/f0�days afte►demartd,Tiustor shall fumisH tQ Benerclary a schedu/a,ce�ed to by Trustor,setAng. ;
<br /> '_ � � ferth 81t teases of the Tiust P�opeKy.orany porHcn thereof,uc/uding i.n each case,the name ol th�tenants or occupants,a desc�lpbon_
<br /> • al7yie apace oett�pled by Such tenant or occrrpant,the tental Reyabfe to►such space,and such atherl»foimatiortariUdocuments wrth - ; '
<br /> . ' . respectto such►easesand tenanaJes as Beneflciauy may reasanabtyrequest. ��
<br /> . j .: . . ... - . _ __. .
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