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<br /> " �� ' ,�., ; ��,;, �•�. Inwianaa pnm/ums,pround ronta,end all other oher�es whatsoevar levled apon orassessed,placed or made agalns�fhe Tiusf _ _
<br /> Propwy. Tiu�tor lurtlwr aprees,apon wBttan request 6y BeneNclary,to prompdy dollver to BeneBc/ary all recelpta lor the payment o/ �•--
<br /> � � such chargea. Tivator Ilk�wlse aproes to pey all taxos,assessmenta and o►horcharpea lovled upon a a��asad,plec�d a m�d�
<br /> '�+?r� nr�
<br /> _ ,.,•._.,�•�,:. �ydmf,w mNSUnd by.d►la Dwd o/Tivat a the racadadon Mroof.
<br /> _-__ --{�. ,R. • � 6• ,y�/1ceNnr+M Paym�nta.A/l p�ym�nb ncavad by BwuNcNry�s to eny debt Ilablllry a obllpadon owed to BeneNclwy by Tivata �
<br /> ,�. , ti.� rn�y br appWd by Bw�eBc!ery to tiw payrrrw►t o!tha/ndebtedness a to eu►y such othe�aeb�,nedlny or odhpaaon,�n any orafer w
<br /> � . mNna o/appllcedon whlch BeneNclary,ln Ua absdute dlscretMn,deems approprl�te.Unlesa othenvlse elected by Bsn�Nolary,eny
<br /> ��,� ,:,; �' suoh p�ymmt sh�ll ba doamad appllad Bnt ro Mw payment o/irry dobt,INblllty or obdpeUon othor then Ihe Noh.
<br /> ;,.,,�: . 1• b. ChaiQu;Wns.Tiuetor wlll keop the Tiuef PropeAy fi�lrom ell flana and encumbrances whfch!n any way m�y,!n the Judgm�nt ol
<br /> ° --�--� B�nelldary,have p►krlry over,a lmpalr the secudty ol,fhls DeQd ol Tiust but Trusta nqed rwf dlscharAe any sucb llen so lonp as � -__-_ - --
<br /> _ . . ,_ _ _
<br /> �� �• •�� : ' Trutior alrall•pre�.!n wrldnp,b pay tha obllpadon iecured by auch llen!n e mutne►accsplab/e ro Bsnel/clary�nd ahaJl!n pood Iv1h
<br /> ' �; conteu such!!on by eppropdsl�lapel procNdln pa oHaodvo to pr�vu►t M�onforcomant al t/w llan and�ho lo�oJ any lnt�nst M a
<br /> , --.:f, pvt oltl�e Tast Property.
<br /> 4. " ..•�� 7. H�zard lnsurence. Tivata sholl keep the bulldinpa u►d oH�er lmprovements now exladng or herealter erected on the Tiust Properfy _
<br /> , � . . lntu�d by lnsurenca canlers aeda/actory to BeneNclary apalnst lasa by flre,hetarda lncluded in the torm"extended covereye"and
<br /> '`I-� '° � � auch o6her hezerds.oesualtlos and conangenclea ea may be requlrad by Bene0clary,in such amounls end lor auch pedods as may bo
<br />- .=m-.�. � � nqulrod by Benepciery.The polloy ol lneurence shalf be In form ecceptable to Benel%lery,prov/de that the same mey not be __ - -
<br /> ____,i� . a�� cencelled or modNled wldwut Il/tean(15)deys pda wrlften nodce to BeneNclary, and shall heve loss peyeble p►ovlalons!n levw of and � _ —
<br /> __ — �.„ !n fomi accepfeble M BeneNcJary.All premlums on lnsurance pollcles sh�ll be pe/d U the manr�er provlded under paragreph�heieol _
<br /> _;- .„�, A� a� ,.� � a,It not peld In auch manner,by Tivator making payment at least Nfteen(f 5)deys prlor ro the due date,dlrectty ro the lnsurance ___
<br /> " carrlw,Benoflclary shall have the dqht to hold the pollclos and�enewe/s fhereof and Tiustor shall prompdy Iumish ro BeneNclery all
<br /> � � � nnawel nodces and ell peld premlum recelpts recelved by It.In no event ahell BeneNclery or Tiustee be held reaponalble lor lellure ro
<br /> .-�-� �. �.��•�.�y �y, pey Insurance premiums or br any/oss or damage adsfng out o!a do%ctln arry pollcy a erlsing out o/any lellme ol eny lnsurenae ��=�
<br /> -����� �+ canpeny ro pay Mr a►ry loss or damaye lnsured a�e/nst or for lellure by Tiustor b ellecf the lnsurance requlred hereunder.!n d►e evaM --°
<br /> '- . ' ' � d losr,Tiustor she11 plve prompt nodae by me/f to the lnsurenoe oanlar and Bor+efJcfary.BeneRclary may meke prool ol loss!1 rtot - -- ---
<br /> •• made prompdy or!n pmper lorm 6y Truator.All pollcles o/Jnsurance and any and a0 relunds o/uneamed premlums ere hereby -_
<br /> _ � _ : • ' ese/�rwd to BeneBciary as eddidonel aeaurlfy/or the payment ol tha Indebtedness.ln the event of&+neNciery's exerclse o/the power �_ ,_
<br /> „ � N olsale contelned he►eln,or!n the event o/loreclosure,all rl yid,Ulle ar►d lnteiest o/Tiustor/n and to any lnsurance pollcy then In forca
<br /> � sha//pasa ro the purcheaer et the trusteB's sale or foreclosure se/e.ln casa of eny loss,the Jnsurance proceeds may,at fhe opdon ol �:"-
<br /> r BeneRclary,be epplled by BeneHclery upon d►e Indebtedness,or eny paR thereol,end!n auch order and amount as BeneNclary mey "°"°�
<br /> " ' ,�, detennfne;or said lnsurance proceeds,at the opdon of Benellclary,may eltherbe used in replecing or resrodng the Tiust Property �x;-•.���.--
<br /> � pnt/�aByy or rotelty dosboyed to a condlNon aeGslaatory to BeneNclary;or ae/d Ueurence proceeda,o�eny portlon Mereo/,may be �""�
<br /> , � nlaeaed to Tiusror.Unlase Beneflclary end Tivator othe►wlse agree!n wddng,any such appBcadon o/lnsurence proceeda shsll not -
<br /> e�tand or postpone the due date o/the Note,or any Inatellmenta celled for thereln,or chenge the amount of auch lnsfellments.ll the -"�
<br /> . Trust Pnope►ty Is acqulred by Beneliclary pursuent to fhe exerc(ae of the powerol sale a other lorecloswe,all dpht,Bde and lnterest ol =-'-�`"�'`-`f
<br /> � Trusror ln end to eny lnsurance proceeos payable as a result o�damage to the Tiust Property pNor to the aele or ecqulsldon shell pass ��.,�,;t.�_
<br /> ' ro BeneNclary and ahell be appl/ed�rat to the coets and expensaa,Includlnp altoriwy feas,lncurred!n cd/acHny such prooa�a►s,then -
<br /> ___ •• �±• n. '.� in�he mannw and In the order provlded hereln. �:''y}w�
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<br /> � 8, Preservedon end Maln[enence ol Trust Property.TiusMr wlll keep the bulldlnpe end other lmprovements now or herea/ter erected on .
<br /> tlre Trust Property In good repalr and condldon end wlll not commlt or pennit waste,wlll not alter the deslqn or shuctural chaiacter
<br /> � constlluNng any bullding now or herealter erected on ar+d constltuNng the Tiust Properry wlthout the prfor written consent o/ =^�^?;�,:.
<br /> . Beneflciary,wll/not do eny act or thing whlch wauld undutylmpe/r or depreclefe the velue ol the Trust Praperty end w/ll not abandon "" �- .r•,_
<br />� _. � „ fhe Trust P�operry. Tiustor wlll not remove any/Ixtures constltudng the Trust Properry unless fhe seme are lmmedletely replaced wph �• "'`
<br /> " llke propeAy sub/ect to the Ilen and securlty Jnterest o/thls Oeed ol Tiust and of at least equel value and udllry. Tiustor wlll compty wlth
<br /> • � all piasent end luture ordlnsnces,reguledons end requlremenfs o/any governmental body whlch are appllcabfe to the Tiust Properfy � _•
<br /> " " and ro the accupency and use thereo%11 this Deed o/Tiust Is on a unit In a condominlum or a planned unit devefopment,Tiusta shall -.;�;;;;-r;'_',
<br /> � perfam ell of Tiustor's obllgatlons under the decleradons or covenants creadng or goveminy the condominfum or the plenned unit � • ,. -
<br /> ,. � development,the bylews and ieguladons of the condominlum or planned unif development,and Ihe constltuent documents. � � ,
<br /> � �. lnspectlon.BeneNClary or Its apents may,at all reasonable times,enter upon the Tiust Property la the purpose o/Inspecdon.
<br /> t, - BeneNdary shall have no du y to make such lnspecdon end shad not be tleble fo Tiustor or to any person!n posaosslon!l Jt malres a ,:.�,�.,e:.. _ _
<br /> ' lalls ro make eny such lnspecdon. "_y u.-�:i��=_
<br /> ). . . f0. Protecdor+of Secudty.If�iustor lalls to perlom►any o/fhe covenants and agieements contelnedln thls Deed ol Tiusf,or 1l any ectlon � .-
<br /> f a procesding Js commenced whlch does or may edversely aNect the Trust Properry or the Uterest o/Tiustor or BeneNclary thereln a - -• �_�°`�'�,.-.
<br /> fhe dW o/Trusta thereto,then BeneNclary,at Its opt/on,may perlorm such convenants and egreements,make such eppearances, -_- ,
<br />� � de%nd egelnst end lnvesUgate such acdon or proceeding and teke such olhei actlon ea Benellclary deems necessery to protect!ts .
<br /> lnteiest Mcluding,but nof IJmlted to,dlsbursement o/reasonabfe ettorney fees and entry upon the Trust Properry to make iepairs.My ` _•°-
<br /> amounts dlabursed by BeneNclary pwauant to fhls peregraph f0,wlth lnterest thereon,shell constltute Indebtedness o/Tiustor E �:;.-_
<br /> secured by thls Deed o/Tiust Unless Tastor end Benellclery agree ro other twms o/payment,such amounts shall be payable upon E -±-�°
<br /> nct/ce Irom BeneNclary to Tiustor requesHng peyment the�eof,and shal/6earinteiest liom the date o/dlsbursement et the delault rate, _ -
<br /> � !• Heny,set lorfh!n the Note,orotherwlse at the hfqhest rate permlfted by law.Nofhlnp contelned!n thls parag�aph shall requlre �-.
<br /> • � Beneflclary to Incur any expense or teke any acdon hereunder.Tiustor(rrevocebly authafzes end empowe►s Benellclary to enter upon V'�'�
<br /> �• tlie Tiusf Properry es Trustor's agenf and,!n Tiustor's name or otherw/se to pedorm any and alf covenants and egreements to be �° .�.�,'r' �_
<br /> �-;<��:
<br /> ' � perlamed 6y Tiusto►as he►eln provlded. Bene!lc/ary sha/l,et!ts opdon,be submgated to any encumbrence,llen,cla/m or demand } ��,
<br /> � .. and fo all rlghts and secwiGe�tor fhe payment thereol pald or dlscherged by BeneHc/ary under me provlslons heieo/and any such � • • �;-.
<br /> . ' subropadon Nghts shall be addiNonal and cumulative securlry for thls Deed ol Trust .
<br /> • 1 f. Cor�demnatlon.The proceeds ol any ewerd�r clalm lor damages,dlrecf or cansequendal,!n connecNon with any condemnallon or ,
<br /> ' otl�e►faking af the Tiust Property,or eny part thereo%or/or conveyance!n Ileu of or ln anNalpadon of condemnetlon,are hereby
<br /> assigned ro end shall be pald to BeneBclary.Tiustor wlll Nle and prosecute,in good lalth and wlfh due d/llgence,!ts clalm tor any such �
<br /> � ' awa►d or peyment,and wlll ceuse the same to be collected and pald fo BenefiCJary,and,shou/d!t lall to do so,Trustor Inevoceb/y �
<br /> , authatzes end empowers BeneHciary,!n the name ol Trustor or otherwlse, to file,prosecute,settle or compromise any such cfelm and �
<br /> ro cotlec[,rece/pt for and reteln the proceeds.1l fhe Trust Property!s abandoned by Tiusto�,or,aRer notice by Benelic/ary to Tiusta �
<br /> that fhe condemnoi oHers to make an award or setde a clelm lor demages, Trustoi fa1/s to respond�o Beneffclary wlfhln thlrry(30)days
<br /> � eReifhe dete such notice(s meiled,Bene/lcfary Is eufhorized ro collect and apply fhe proceeds In the manner Indicated hereln. The '
<br /> p►oceeds o!eny eward or claim mey,aRer deduct(ng all reasonable costs and expenses,lncluding sttorney/ees,which may have
<br /> 6eEinlncu�ed by Benellclaryln fhe collection thereo/,at the sole dlscret�on ol8eneflciary,be refeased to Trustor,epplled to
<br /> • , restaetlon of Trust Property,or applled to the payment ol the Indebfedness.Unless 6eneliclary•and Trustor otherwlse agree In wndng,
<br /> , eny such applicadon o/proceeds to Indabtedness shell not extend or pos�pone the due date o/the lYote or the payment ol any
<br /> �_ _ (nstaNments called/or thereunder.
<br /> - � — 12. Trusta Nof Released.Extens(on of the tlme for payment or modUicatlon of any amortizallon ol the Indebtedness granted by 8enellclary
<br /> � � .. fo eny successor!n(nterest of Tiustor shell not operete to refease.!n eny menner,the liablliry ol Tnistor end Tiustor's successo�s m
<br /> Mterest. BeneNcisry shall nof be requlred to commence proceedings ega�nst such successor or reluse to extend hme lor peyment or
<br /> dhenvlse modity 3mortizetlon o/the Indebfedness by►eason ol eny demand made by Trustor and Trustor�successors
<br /> !n Interest.
<br /> 13. FlnanclAl Informatfon.Upon request of Beneficiary, Trusror w�ll prowde to Benaficiary,►Mdhin ninety(90)days ol the close of each fiscal
<br /> �� yB8I01 TIU�fOI,fhe consolldated balence sheet and statemenr o►earn►nys oi irusra dr�u n��y n��u e,ii yua�u��iv�o u�i��e,���uvuiau��vo�
<br /> secured hereby,i/any,and wlll prov(de and deliver to Benehclary such other financlal lnlormatlon and In such manner ss Bene!lciary
<br /> . , me y reasonab/y request Irom Nme b tlme.
<br /> 14. Flnancle/Covenanfs.In addlBon to any other linanclal covenants of Trustor made in any other agreement,insUUment or document.
<br /> irusror shall comp/y wlth and shall cause any and el/guarantors ol the Indebtedness secured hereby to comply with,or be in
<br /> : cornpliance wifh,the lollowing llnanc(al covenants:(Thls paragraph shell not apply il covenants and requlrements are nof set
<br /> , � - lath hereln.)
<br /> � 15. Schedule of Leases.Within ten(10)deys alter demend, t�ustor shall lurnfsh to Bene/iciary a schedule,certi►ied to by Trustor,sethng
<br /> . brih all/eases of the Trust Properry,or eny portion thereot,including in each case,the name ol the tenants or occupents.a descnphon
<br /> � � of fhe space occupied by such tenant or occupanf.the renfa!payable for such space.a►►d such other inlormahon and documents wRh �
<br /> ' respect to such leases and tenanaes as Benef�aary may reasonahly request.
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