|
, . T,. . ` .. . V .� . , . . . . yf _ . .. . . . .4 =0t�u.ri � _7n -
<br /> �'_..� ' F�' ?—� - .
<br /> -� � �..�..�—�. �.�.1'4 �4.1L�".
<br /> � �i� �'� ��Yf WY�� . �� . _--T_��.� _.
<br /> rns�'1m�ttLS o�nds�ayabfo pdar iv t�8 due dates of taxes,assessments.insarance prem;ums tv+d graund rents.sh�!!exeaed tfle � �'� � ',t
<br /> � amaurrt rsq�fra�ta pap seld�xes,assessm8nts.lnsuranee premiums and ground rants as May 1a11 due.sucA exce�s sh2/J bs.at `i.. __: • :,^ •E�',
<br /> Tiusto�s opi�n.eiNter prompiJy repatd ta 7rustor cr cred�t8d to trusiot 8gainsi fu�us�Q�ii�►ty rnsYSlfinents of Funats.1��A4 errsQUnt of ► _ �
<br /> rums and ground 2nis es tN:yl&!1 d►r� ' � '�=�-`"_,.. :�
<br /> _:.p�..
<br /> ` tha Frmds ha..'c7 8�y BenBficiary sAall rtat Ds s►dF,dent ta pey Caxe�ass&ssm2r�.rns�n�� �m the data notfee is at�lsd 0p ._._```�:��:.,.�`�'`° -_
<br /> Prusior sha7 pEy ro Benefici�ry nr.y emouvrf rsaeessa�y to m�lce ap Ne defrderrcy RY Y$ ,s ,�`.'".:,;��•, -..
<br /> . Benefldery ro 7nrstor�tu2st/rtg payment thareof.UFon Par�sofd wrderdre powe o�sale aBthe Tru��rapam�is otP�tenrS 8cquired �:�_�;.:L:_•_,;_
<br /> 7rersror sny Funds netd Dy Seae�rcfary.H the TrLSt Property� o�rt,��v;�an Dy Ber►efrGary.eRy Funds -- . -
<br /> � by Benetrcia+y;Sttnarda►y srt211 ePP�Y ijnmediately pdcr to the sale of ths Trost Properiy � ; : '° � ;'a_� .
<br /> " , held b y Ben8 f C 1 2 ry Si the G�8 ot eppECaBon 8S e C/edif sgBinSt the 1/�d�bfedress.N Senef,Cia►Y exeCVT2s e uvrttt+-°n wslv¢r op TNStOfS : • „ .-�_;
<br /> � obGgatlCns un9er this paragrdph 3,Ttustor tavananis ar►d agree s t a p ay.tr e f a r e t d s e a m e G e c o m e d efirt querrt.sll taxe�a�ess�enLS. .'+•,�,_<<'�;:Si��t �
<br /> insuranre prem:urrs.9raurrd rern�,and afl ofher chargss cvhatsoeverlewed uponde���B e�.��lmrsc¢ipis fof ihs paymentof •
<br /> ' � properry.Trus:e�r fiutha�agr�es.uAon written request Dy�esefidary.ro promptty �'.° ` -
<br /> such drarges.Tiusror li:cev�fse agr�es to pay all tax�assessments arrd ofh2r charges levied upon or a.ssessed.P�=�or mad$ , :` �.
<br /> �`"'�T again�o�maasured by,ihis Daed oiTrusi or tha rer.orda�on hersot. - � -
<br /> - 4 qppr�On�f payme�s,qtl payme�rts received dy Benefraary as to rrny debt,Ga6ifity or ob:igr►OOn owad ro Benafrciary bY Trustw °. `. _ :
<br /> � . .,.
<br /> or Bo�raivar may be appfied by Benehciary W the payment ot the IndeStedness or to any such other debt.fiab'liry o�ohiigafion. '�...:�. , ;,;f,�i-
<br /> in arry orde�or manner of aioplicaD�a+wirielr Bene6ciary.in its absofute ducreuon,deems appropriaie.UN6ss af/».nviso etected �„z.: _;..�:..,"�:ry=
<br /> .'. _ py BanaFC+tuy,a�ry such payment shal!ba deemed spplied Prsi Oo tha paymerrt of any debt.Gab��.,ty a ob.'�ga7er�o�er IA3n =ti°-.�. . - -,��_�
<br /> thBIR�Ebfe�'re55. `�`=n�"'�'-"-;.-�_
<br /> • 5. Ch�qe�Liens.Trustar wifl kee�ttr3 Trust ProFartY fres from atl Gens and encrrmbrances Nfiich in erry wsy rnay.in th8%udgmeni of
<br /> SeneSGary,hava0daiftYover,arimp�i�ths secumY of,thls Dsed o!Tmsf but 7rustar nesd not d"isch?rge sny such!!an so facig as .. �
<br /> •.� . Tiustorslra7agree.fn wr�4ag.1n RaY ths amfigation secured by such Qen fn a marrner accep�I's���ta�of any�fe e�tind� --_-- - ° � .
<br /> n
<br /> . ffecbue to revem Ure enfoncemerrt er °=�„-`,r •�--
<br /> � corttest such fien bY$PPrapdate fegal proceedtrrgs e P
<br /> �`Ef•� p2noi�aTn�stPrapeny. L.`-:�_
<br /> R':��.s;' &. li��d Uaurance.Trustorshall kesp the buiidings snd othe�improveme�ri.s now exisoag o�here�..►er�on th2 Tiust Paape�ty s..i,,_«,
<br /> ' ,is�:red by insurance canfers sa0sfactary to Bensfrdary agsinst foss by frr�hazards imclud�d in Ure tr�'r�andEd caveraga"and ,f-�""_
<br /> ` � �•.,: �.ti oPherhazard�casual�ES arrd con6�gencfes as may Ge�quired @y 8enofrciary,in�wJ�amau��:s`f.+or su�P►peftads as may De _ -<—,�,-w�
<br />. f.�<.,, r
<br /> requUed by Benafrciary.Th�l�'�icY oflnsurance shal►be fi f�m accept�trte to Benefrcisr,�.��ovide a�"'�i ta� �mfoyns inbfavor of and � t�'.�;
<br /> 'f ' `, cancelfed ot madiTrad�YtP.aai fifteen(1S7 days pflor written noUce t�Bc-rtc-ffdary and shal!rtave lass{:�/+Y:le p
<br /> � tn torm ac�;�tz�:c 82nQfictarY al premiums on lnsurance Folicies sfrr�if.!��atd m the marmsr Frs�s�°d under p�grapb 3 hereof �-. �,
<br /> `�c•.�� arn at least frfteen(ts3�3YS Prfar a ff:e due date.diructty to ttra insuranao "'� --
<br /> ar,it nntpaf�f irn s:c3►marrr.�r,by Trusiormaldng P�Yn+ s �`°• , ..
<br />- -. c�rrier.Beno�rc�ary shal Ga�r�ths rigAt to hald ihe policies and renewals C�rw/2rtd Tir�ars�sh.aD prompty hnnLsh to 8enefre�arY e1l =_ _ -
<br /> �.srewal ncBaes and a0 paid�.�emium recelpts received by it!n na e+rer�t shaU Berr�ir•.�/��r?'i�-�tea b�held respansih's farlailras ta ' �` � -
<br /> . . pay instrrance p►emiums alc�an�fo�+or damage arlstng out of a defectin Eay pofcy or�^9 outof any fa:7uPe ot any insuransaa �'�.:;
<br /> .:�r; ...
<br /> ;(� comparry fo pay Por artyloss or dama ga insured sgalr�st or for hailure by yrr�nr to eflec:�x�instuance►eQu/rsd Ae,ranndar.!n ths evern � ;.. ,
<br /> st
<br /> � i of/oss,Trusta�shafl gfve prampt noUce 6y mai!ro the insurance canier�C�t':�refrciary.Benefrclary r�r�m�prao f o ftos.s d no t ��.� �} '•� ,
<br /> '`�� ?"� ..�. ,.:. ;.•. ,.
<br /> .��;ir�::..;, made�ramptty arin proper fo�m by Trtlsmr.Af!policles ot insurdnca snd�f and af!refunds of urrEa:Trad��em'ums sra hdc2by -..-- � t,r{,,
<br /> ;7p; asslgned ta Berisfrcfa�y as sdd'r�onal secu:a'j for the paymer�i tor the lndebtedness.fn the evem of Ear►e'fwazy's exercfss oflhe power ��:,,�... ..:. . ' ;
<br />''�Z`: ef sate cantairred haretn.ar in the everrt of fcrecfasare.aff dy�ttUe and frrterest o1 Tiustor fn and ta anf�nsu�an�Pm'�Y���n lorce 'i�,.;- ;:�'��� r;:>�
<br /> sh�l1 p�ss ro the pnre/taser ai the bustea's sale oi foreclo�r.+�.'�te.In case of any lass.u�a insurarrce proceeds msy,at Urer option o! s���:f%�:«�'•(r� 1 `
<br /> -�gt, .
<br /> ����.. an Urereof,and m s;xi►ardor and amount as Bena:Sdarymay fr<F�"%s ��'�..
<br /> '�•�• BenBtF^«fruuy,tre spptied by Be�lciary a�s��re Indebte�.or any F ;;�.Y'r,4�•
<br /> �`', d e i s m�n e:o r�z l d ti r s r n a n e e p r o c e e d s.F.'�'�o ption ot 8enefic/ary,ma3i a�`'sr be used in replacing ca�fng t�?iust Propafly •,� r • ._•e��.i ��'.: :
<br /> ..,;' �Ja1U�:y 4r ttd:�l�:esboyed t�a COnlfrtrOn_�astactory ro Beneficlary;vr�i rrsurance pr o c e e d s.w a.'?�,�a�U o n t h a r e o f,m a y b e .,, +�1,�� f rk ' `
<br /> '�� : r,�s�sed t�Prrars!er.[/niess�-�ciary and Tiusta oU�e�wise egree irz c��:r�,?ny such applicaffon dl r'ms:rmnCe prnceeds shafl nat � ,, $�f,�;;. �
<br /> .;%� . u.�2.ad orpa�ana the da�z'a�a ottha Nn2e,oranyinstallm�nis caUed fr�rz�-sin,ord�anga the amseccat��9suct+ira�llmants.Ntha ��r� • t,;r :
<br /> ;,� • i�r.�Prape:nj is acquirad L�r�..nafrcaary ptnsusr►t to tha exc33teise ot ura r��h�er of sate or a7t*er foreclosr:re.a9 r�ghZ tiL�e andtntelest o? ��,�,4i�'., *" . :
<br /> �• rr.z.`t o�in a-r�f Eo s r ry insu�ance proCeeds payable ss e resuJf of dam�qs:��e Trost Pr�a�ty paar to Ehe sae 0�se9t�sfOOSi shall pa,ss �; �4�,•, ' .
<br /> ::f�.• . t o B e n e R C�a f/�nd 8hu7 Da a p pAed firs!ta tha�rosts and expsnses,in d�r.r�a t tamey f o e s.l n c u r i e d�n�'d�c 5 r t g s�rh p�ocoeds.than '��3��."��'.i:--.Y;'r&i� .,:.:
<br /> � � .-
<br /> },af �` in Ura m�ner�nd in the orde�provlded herefn ��t �
<br /> ���ja 7. preservnCon and Matntenance o1 Tiust Properly.Trustor w01 keep the buile;ngs and ofher improvemir�s nDa'�o�hEraaftB�erected on �.�.,,.
<br /> '�l?: : '
<br /> the Trust Properry in gaod rapalr�nd cond'r�on and wiAaot commlc o�pemdt waste,wiU not alter tP�a d��gn or atruCtu�J eharpciei ��;_..
<br /> ;� censti;Wng a�ry Duilding rrow orhereatter arecied on and consMWng the 7n�st Prope�ty wrtAalt tha Prio►wrlM�n co�+s°nl 09 ��-m-.
<br /> '�� � Benef'rdsry,wiU not do any act or Lhing whlch would urtduty Impali a depleclete the valua olU�a Trust Properry arrtl vu%U►roi abandon �
<br />�!s �� the�iust Ptoperry.Tiustor will rrot remove arry tlxtuiss cons6W6ng the Trust Prnperty untess th9 sama am brim�diatvJy reptaced with �'�"��
<br /> "`� , fike properry sub/ect to the Oen and securitylrMerest ot thls Q�eed of7rust and of atleast eQu�J vatuo an�uti1Hy.7nutw w!D complY __
<br /> �'� with a7 presert and fufu�e ordinances,regulallais and requlrements o!r��rp 9ovemmenial Dody wt.:a�a.�appticabla W tha irust ��•:; •fi.'
<br /> pr�nyarrd rb�e occupanCy and use t hereo f.!t t h ls D ee d o f T i u s t Is as�a�::vt!n a condominlum o�a�plaarted unft deve.'opma�
<br /> ' Tnutp�ahaE`�`arm a11 ot T^JStq/9 ob rgatlons under the deciardbons o��onants ae�(ng or gati�:�rri�g�CvndarNrd�m► :+�iE� -�_
<br /> . �n�g plav�u�devefer^,�.�errL the by/aws and ragufatians o1 Ure condor,n7tium orD��pd anrt dsrefopmonf,an�17ra 'p;�..-_- � _ x_
<br /> : �r:.:`_� c�ar.stttue:astoe-mrenis. ;: --
<br /> �-•--::....
<br /> • '�' 8. Inspec6a:+.�ta�eficfary or iCS agents may,at all reasonabfe Umes,e�r�1��1hv Trust P�pa,'ty f0�'L'r�i;pu*AoFe of fnsp2t5on. ;�•Y. �.
<br /> a' : ,`��#r� '.
<br /> • . genef2c!ar;�'.haA have no duty M malre scna'n•inspecHon and shalf noi Or f�'rfe to Tnufa a fo any pe�n fi»poss�sslan H it makes or , .. •.
<br /> falls tamals�:a.�ysucb Inspectlon ,"�!:�"°:..
<br /> fi. Proieccifln dr;:,ecurfry.!/Trosia fails to peAom any ol ths^�venants ant7 agreemems cont^�inetl In 0�,Dee�l of Tiers�or i1 any acaon ��.�,_- .__
<br /> ' c�rproceeQ,r-,�is commeaced which does o►rrray adv�xaery aftect Lhe Tiust Pnnperry or th�lntersst of Trusta or Bene�9c;�ry U�a�eln or -
<br /> ' • rt�y�c�7lcc.r.m�l thereto,th�n BanefJCiary,ai irs�pL��.��f peRorm sucAcovenarrts aad agroemanis,mako sucf�eFp�artmoos. �;�,r.;
<br /> !I'1
<br /> defend a�����3�d t�'�9ate such acticn.r.,r r roceedir>g and take such o:he►acUon as BeneflCla�y d�ems no�ary to Pmt�ectrts �S�•�-
<br /> infarest in:P��3,b�t not limited t+v,dlsbur�-ant ol reasonabfe attome�r�ea and enby upon ffi�Tru�2 F'.*apeM�make repal�s.Any -__
<br /> • amounLS dJsbrased by BemllClary putsuanP to thls paragreph 9,wlth ir.xm:st tAereon,shall consbP,la 4ntlsbtednt�s ot Trustor secure� , Y£'��. _—
<br /> � � � by Uds Oeed af Tiust Untess T%for and BeneflicJary agree to oU�e�terr,:s�1 paymern suCh smcuri3�.'�a7 De pttyable upon notfco #�j:�_=;.����;— _
<br /> ,.c.,,y� ,;{�,a... .
<br /> from Beneflc/ary to Tmsror requesUng payment thereof,�r^J sha8 bea�lnierest from tha daia oJ disbursemani�1 tlao highestlnterest ;.�5, .., ,_ __
<br /> . .. iate perm'tted by law.No?Idng onnteined rn thJs perag�'�-'�shall require Beneflc�ary to lacu�any e�rpense o�teke any actlon heieunder. ••
<br /> � , Tiusta inevocaDty authorhes and empowe►s Beneficiary to enter upon the trust Property ss Trusmfs sgenf ond in Tnu[�fa neme oi fti'�� . ��
<br /> ....';;,
<br /> ';i;;;�, ! othonvise ca�erlo�rn ar►y errd ell eovena�rts a?�a9ruements to be perta**�ad by Tiusta es herein pr�+n�Opd.Beneffc►ary shall,at 1ts =
<br /> Ls_t"� opuon,b=�.�r�9��to�ny encrm►branaa.r�a�Garm or demand ana�a z7 dghts end securities ib,�w�e payment thsreof pald a ,��„�a
<br /> :°.YYi;�?� dischargpC ay Beaefld8ry under ths provrs^��^�hereof and a�ry suCh sr�Gn.gaUon dgMS shall be aC9r7���7 and cumulative securily Pce . ,; . r ''�r jy};�Te7;
<br /> � .•�,. �Deedof7rust ,: ,,,�;;f�'t'•�'.'.-;
<br /> �,.� � i.. .
<br /> ��: �imz-�t.�Tiusior narrants and�eprosents t»at���,^rot na�r;�z ru the best of i�u�or�tc��xv,r�dge aft��roasonable � ti.-4;.�,�::�`.�,•,•�' �----
<br /> �'site permits and ap�yrwal��tt�:e .•'rti:,1.• �,,
<br /> . .r,'. rrcc�.�ry��,hsvo tfrro e.ver been snd,without tho Tr:az��ci:ialning E�neflcla�ya corr�•r.c��d a.'i r:, ,.,r>...;°,' .`. .:,,
<br /> ;t��fti'' • us�7 tt�fi ic.�UhD lufurt�bo Cont3min2nb 8toreC,+!s�'dled,o��sposed ct a��Tiusr Pnopery v.r�CP1 uru•lt?rBqttBp Ckanup,ramo�al4� ;�ii=�.r .�j,��'>�i�,jj. .
<br /> �,S��s� o t l�e s r�m r.x a l i a l a c K f o n y n Q e r a n y envlronmcm;,e'�vs Contaminants sha�D,m�a:n matedalS subs�r;cu�r��+J compounds pmhibtted or fr�.;�. ��{,}!n�y ----
<br /> • •''�`t`•: raguk�SeC�:rafe�ertyenvlrv+rmentallav�Tc.r[ir_rw,1ilmmedlatelyno��firG:nefldary,lnwrlUng,ofm�y.�trrrestlgatMn,lnqulry,d�� r,,.' � � ,.��c'fit:.l..''._-
<br /> . sctlon trr anY 8aemmon�!suthority a otl.ei psny,agalr.�r the 7lusxr��:ing any e��irenmerrtal(�r�st f111 Gontaminan2s on tfra t:��.a� u�'•' `"`F'r'i,t`���t''�`;�� -.
<br /> Prop_°�ry wh6ch wou/d requlr&cteanup�remura!or oUre�ie.r.edlal ectia.T�u�:er arty ertvlronmental!a►vs Upon th�Benefkia�Y's�etNa�c. •;,�,���,,�'.,:{,,. ,-• ,�;;
<br /> � � Tnrsta�w(II pe�lodica!!y prnvide envUortmenbl sssessments o�compl:�,ar�aadits;and eg�e°s to permft envlmnment$1 rnspocrlons end ,,���j,.;-�.-.�:.: • s .
<br /> • testfnD of thfl Fiust Pr•rpe�ty by ihe Benefrclvy a fts agenfs,at tha Tr.�ctr•.r'a e�ensa!f fhe 7tust ProperlY Is used fi�residonUal °�,y.>',;:'-•., " ` _
<br /> . purpases ffie p�eceding shtrl�noi apply ta th9 prESenc�us�or storac,�•�a the Trnsf Property ot am;l!qu�cts of Cor�minanis IItr�� _ . :- � =
<br /> arp g9nOra!!y rECOgnhed N be appropriate 10 nomra�resid8�a1 uses ana to malntenanCe of the Tfust PtoP�Y `• � �.s: .
<br /> • ,4t;�,:�«:,,... .
<br />� 11, CnnQemrtaLfon. lhe proceeds of any awstd or e/aIm for damages,direct or carsaque�i,in eonrtectYOn vviM any condemnaa�an o� � T��c .
<br /> � ofhsr talcing o!tho Twst P►operry,or any pait the�eof,crla eomeyance in lieu of o�in amlc/paeon of eondemnat/on,a�e hereby �
<br /> assignod to and shaJl De paid to Benefrclary.Trusto�wi/l fi!a end prosecute,in good fafth and with dea di/Igence,its c/a!m for any such , ..
<br /> � av�d or payment,and v+0!cause the same fo be col/ected a,rd paid to 8enefrGary,and,should it Fa11 ro do so,7�usto�Irrevocably . •
<br /> � suttrorizes and empoweis Benefrdary,m the nama o!Trusiof or othenvise,to Ale,prosecute,setUo or compromise arry such clam and � •��;
<br /> � �Q„rty�r rc3rqrnt ter artd retaln the procaods.I!fhe 7rusf Properry Is abandoned by Tnrsto�,or N,affe�rtotiee by Benofialary to Trttstor •�• �• s�
<br /> -� -
<br /> �.. that tAO eondemnar olfers to make sn award w setUe a ciai.m for Uemagas, 1Yustor faris to�aspvnd tv Benefi�tiary wrUun .�rty;3Q1 riaps ` - `_
<br /> ��:
<br /> • • � —
<br /> � � . �
<br /> � .
<br /> . • � .
<br /> � � : • • . . - -- - --
<br /> � , � . . , '... . ... . .
<br /> _ . , .. • , . . ,. � � ' � ,• .. , . .
<br /> � .. � • .,. . . ... .. . . .. . . - . .... , � . . • - . ( ti- , .. , _. .. . _ , . -
<br />
|