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<br /> 1 � ape�naf futuro monthly InstallmQnts of Funde.Il fl��Amount ol thn Funds hold by Henaliclary shau nnr h�&�1lklent!o aa�csxa�,ass�a�m„nts, �
<br /> insuBnct►prBnliu�n9 and Qround�oN�A3 th6y fol!duv,Tiustor ahall pay to Bonoflclary any emount necessary ro make up lhe dellclency withln mlrty �
<br /> { days Irom fho dnlo rtoticn!s mnlfod 6y @vneficlary ro Austor�oquosflnp puymont thcruoL Upon payment!n fu/l ol ull Indoblodnoss,HonoBclary 8hn1/ I -
<br /> � � prompffy roh�nd to Ti��slo�ory Ftrrttis hold Gy Benoficlury.1f tho Aust Propniiy!s sold undoi tho pavnr ol salo a fho 1ius1 P�opony!s olhonvlso
<br /> � ncq�drod hy BonollcJnry,�Henoflclary•ahalJ apply,lmmedlntoty prlo�f�fho solo of the Trusf Piope�ry o�!ts acqulslNnn 6y Bnnollclnry,any Fund9 hofd I
<br /> � by Hone!le/ory�1 tl�o hmo ol npphaalron ns a r.�odrt npntnsf Uio fndnbtednvss.d QoneGcfnry oxecutes a wiltlon walver ol 1Yuslor's obd�at/one u�rdo� `
<br /> fh19 perApiaph 4.Tiusfor covanmUS and ug�oos ro pay,bofa�o Iho somo bacomo dollnRuont,00 fnxes,assossmonfs,lnciunnco promhrms.Qround •
<br /> , root�,end uH othor chmpos whatsoowr fav/od upon or assosso�f placod or mado opn6isf�ha Trust Propurty. T/ustoi lwfl�or�pree0,upon w�ltten } � ,
<br /> i rcque8f by 8onolklary,fo promptfy del�or(o Bonoticlary nil rncelpts lo�mo paymonf ol such cfm�pos. hu�tor fikewlse aproee fo pay�0 taxoa, j
<br /> j aaseaamonte and olhar cha�pes levlad upon or ossossod,placod or mado apnlnst,or maAaurod by, Ihls p¢ed ol 1►ust or tli9 rocadatlon horeol.
<br /> b. App!lcatlon oI Paymonta.All paymente rocohod by BenaBclary as to nny dobt,1lobfliry or obllpoGon aved to BonWlclary by Tiu3tor may be eppUOd by
<br /> Benoflclary to tho paymonf ol fhe/nde6tednoss or ta any such other do6t,I/nbll7ry or obffpotlon,ln eny orde►or menno�ol eppllcafbn whlch � .
<br /> Bonollclary,ln 11s uLsofuto discrellon,dovms approprinle. Unless ofhenvlso Necfod 6y penoflclnry,any such payrnonf shal!6n doomod appllod flrst '
<br /> to the paya�ont ol any debt,Gab1Gly or obli�at/on ofher fhan Uie Nola. . ., '
<br /> Q ChAtg89;Llens. Tlus[or w!q keop ihe Trust Proparty lree!rom afl l/nns and encumbianCes wh/ch 7n any wey may,!n ths Jud�ment ol Bene!/clary,ha►re
<br /> • pdodty ow3�or/mpali Ihe secu�lty d,lhls Doed ol Aust buf Trostor need not dlsclrarge uny such lien so lon�as Austor ahall ag�ee,M writing,to -
<br /> pay the ob1lDallon sacurnd Dy such tlon ln a mnnne�accepta6la to Beneliclary and shall!n po�d fetth contest such fion by opproprlato Jopal �,.;,
<br /> procoedlnQs e1/eclhro fo pravnnt the anhremm�nt of tho llon end Iho loss a!any lnfe�ost In or pert ol the Trust Propeity. v;'
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<br /> 7. Nazard Insuranca Tiusta shall keop Iho bulldings and ofherlmprovements now ox/sGnD orhereaftor eroctod on fhe Aust Propertylnsured by
<br /> Msurenco cerders satlsfactory ro 8eneliclery agalnst foss by fire,hazards lrtcludod!n the form 'extended coveraDo'�nd such other haxerds,
<br /> casuaNles and contingancles os may6e requlrad by Benelfciary,!n euch amounts end fos such pe�lods es may be requlred Dy Beno!lclary. The
<br /> polky ollnsurenCe shaW be In lorm accepta6fe to Benellclary,provldo that the same may not be cencelbd or modilled w(Jhoul/!/teBn(ib)days prbr {.'�.
<br /> wiiften noUce t�6eneficlory,and shall have bss peyable proviskns!n lavor ol and ln lorm occeptoblu to BQnelJClary.Alf premlurrts on lnsuranco -
<br /> polkies shaA 6e petd!n the manner prwtded under pnra,qreph 4 hereol o�!1 not paldln such mannv�by Austor maklnp paymont at least!l/tean(i5) -
<br /> days prkr fa fhe due dafa, dlrectty to Ihe lnsurance canlei Benetictary shafl have the�Ight to hold Nie polkfes and renowals fhoreM artd Tius(a ahal! •• -
<br /> promptfy fumish to Beno!lclary all renewal no�/cos and all pald premium receipts roceHed by!t.In no event shall Beneflc/ary or Tius(ee be heid =-
<br /> responsl6fe lu�/ellure 10 pay lnsurcince p�mlums or for erry loss or damapa adsln�out oJ a defect!n any pof/cy or adslnp out ol ary/alNre ot any _-
<br /> � lnsurnnce comparry to pay for pny/c�si or damage lnsured against ar lor fa(fure by�}usfor fo ellect the Insurance requlred heraunde►.M fha enant o►
<br /> loss,liusto�ahnll plve p�ompt notice b/mail fo the/nsumnco caniv�and Benopclary.BoneOclary may maNO prool ol bss!/not mndo prompty a!n
<br /> ploper torm by 7tusta:All po11cles d lnsuranco and any and a/l rvlunds d unearned premlums are hereby esslgned to 8enellcfary as addltlonal W
<br /> •� security for tha payment o/the IndeDtedness.in fhe event ol 8eneflclery's exemise o!Ihe paver o!sake contalned horoln,or In the ovant ol ' ,; '�,��
<br /> lorecfosure,aAiight, fille und lnteresl d Tn�sfor In and fo any Insuranco policy then In totce shall p&ss to(he putchaser et U�e►rusloa's sab a , �■�
<br /> foroclosure aalo.!n caso oJ ony loss,Ihe Insuranco procevds mny,at!he optlon oI Boneli�lary,Iw oppliod by Bennf�lary upon tlio Irtdablodnosa,oi �'{�
<br /> ary part thereo/,and!n such orde�and umount as Benoliclary may dato�minB;or seld Insurance procaeds,at fhe opdon ol Benelklary,may elthe� t �i�
<br /> .., be usedln replacing wrestodng the Rust Properry part/apy or toraily destroyed to a conditb�satfstactory to Beneflclary;or aald lnsurence �'- ��R' '
<br /> � proceeds,a any pordon fhereof,maybo released to 7iustoc Unless Benol/cfary and Trusta othonvlsa a�ree!n wrltlnp,arry such epplicallon d' :i�.4'•
<br /> ________ InSUrdflCe pNCOOds Shall nOt oxfend orposlnone the due dala o!Ihs NatA M any lnemllments called/or fhereln;ar chnngo Ihn wmoun/nl c��rh '`�'•'
<br /> Installmenta fl the li+isf Property!s acqulrod by Benelldary pursuanf to fhe exercise d the power d sak o�othe�forecbsu�alf dght,flUe and } -
<br /> ;_ lnterest d�'iusto�In And to ary lnaurdnce proceeds payable as a result o!damaQe to Ihe Trust P�operty pdor fo fhe sale or ecpulslllon ahall pass lo f }
<br /> Bene/klary and ahall be cwplied llrst to the costs and expenses,lncluding ettomoy lees,lncumed in collecting such proceeds,then!n lhe manne� �� k.
<br /> �j and h the ader provJdeu hereln. ,;. ;
<br />- � d.Proaerva�lav►and�4fslntenance o/7Yua1 Property.Trusm�wllf koop iha bulldings and othe►lmpr+ovementa now or htrroalter omcled on fho 11uat :°�`'� •
<br /> ,, Property in QoorJ repaN end cond/lbn and wll!noJ commlt a po�mlt wasto,wiA not elter fhe deslpn or atructural chn�uclar const/tu�lnp eny bu!ldinp t.�; ,;
<br /> ncw or lwreafter erected on and conslAuUng the 7JUSt Proeprry wlthovt the prh+wdtlen consent d Benelkiary,wU1 not do arry act or thlnp whkh ;,s.
<br /> ;� •wnufd undlvylmpek or depreclete the value o1 fhe Trusr P,roEwrry and wm no!abandon tho riust Properry.Ausfo►wl/l no�rertwve ary 1lxturos x' w
<br />.' constitufing fha Ttust Property uniess the same sre Immed/atey raylaced wlth liko property sub/oct to fhe Ilon anJ saairlry Mferesf W thls Deed d , � - �p
<br /> •. 7Jvst end oI at least esqual vatue an0 urilJry.husror w1D compry wlth n!1 prpsont end lurore ordinances,regufathns and requlrements ol any -
<br /> � gaemrne►rtel body whkb anr epp.4caDle/o the Trust Prope�ry onrl Yo the occupancy and use lhereo/.!l lhis Deed o/liust!s on a unit In s ;,-
<br />_ , contlbmh/um or e planrtod anit development,Ttuslor ahalf peAorm aB ol fiustor s obllgationa unde�the declaraBons a covenertta crsetlnp a
<br />- garominp tM condamk�(um a the plenned unit dovatopment tho bytews and ropulaUons d the condominlum a ptanned unit devebpmeM,end tho ,
<br />' constNuent documents
<br /> 8. Inspsctkn. Ber►eHclery a Ite agents mey,et eH�asonsbfe tlmea entor upon tha ljusf Property for the pmpose d InspecNon,BeneHclary ah�N hayn . �"
<br />- ' no du b make auch M . ��
<br /> . ry apectlon an�sha!/not be!laWa to 71wror or Io nny peraon In possesslon N tt make.,a lalls to make any auc1�InspectJon. s,�;::�
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<br />_- -� • ° iQ PraecUon o!Socunry. B 1Yus(a fal/s Po pnr/am any o!tho covpnants�nd apruaments contalnedln thls Deed olltust a N any ecNon w proceeding s��-���
<br />_-•~ �� •. .,�, Is commenced whMh dooa or may adxersey affact tho llust Property or the Interest d Iiusla or Benefklery therein a the tlUe oI iFusta fherola =
<br /> then Be�wlfclary,etlfs opdon,may pedam such covonants and agreemonts make sucli appeara�tces,detend agalnst and/nvostM�alo auch acUon -
<br /> S a proceeding and take such other aabn as Bonellclary deems necossary to protect!rs Interest lnck�ding,but not!lmllad to,dlsbu�semont ol ;'
<br /> .__ reasonabb etfomey Iees snd en�ry uym the Tiust Properry to make repulr�Ary amounts dlsbursed by Benefklary pursuant to thls paragrepA iq �'
<br /> • wffh kNersst the�on, shad consNtute Indebtedness ol Tiustor secured by thls Deod d hust Unless Ttustor and Boaefkary agree fo othe►forros of �=
<br /> _- payment,such amounfa shaN be payaDMr upon notice Irom Benollclary ro Trusror requestlnfl peymont theren/,and shaA 6ear Gi►omst from the dato -
<br /> �' d disMnsemgnt et fhe defauR rato,N e sef farth in tho Note or othomise at tho h! Aost roto �
<br /> � aAaM �'' 8 permittod by la�v.Nothing contalned!n fbla parogreph
<br /> ro�iire Benelkfary to k►cu�ary expense w tata�e►y actlon hereunder. Trusro►Irmroceby euthodzet snd empo�+oro Baneliclary ro�nter upat
<br />- , � ths ltusf Wioperry as Trustor'a egent and,Jn lfusto►'s rtame a ofherwlse to porfom►ar y and aD casnsnfs and agreemenfs ta 6ri perlomwd Oy � ��
<br /> — '�-� • TrusMr ae hersln prarlded.Benelk/ary ahall,at 1ts o�vtlort,be subroyated to ery encumbrance,Ilon,cfalm a demand artd to aN rlghta and securitiva • ''�'•s: -
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<br /> - , lo►1hs pay�r»rM fheredpa/d a dlscharyed Dy Denelkfary ueder tha provislons hered and any such subrogallor►rtghts ahaH be eddittonaf and
<br /> _,_ c�xm�fatks aecwlfy I�w thls Ueed W 71usc ---
<br />— i',� 11• Condertnatbn•TAe proceeds of ary ewrrd a clalm IW damago�dkect a consequentlaf,!n corNiecYlon wRh any condermatbn a olher tekk►g d Nx+ �,:����,�s,a,`
<br />_ • •�` Rusf P�operty{or uy pert thered,or Ibr cwnv.yance In AKw d a kt an�Fc�Oatlon d conde,nnatlon.�a norrc�y ass��d ro,�d snar ee�d ro :.:� 5:�;",'!„�'
<br /> ° Bane/iciary� �uslbr wAI lil�and se+culq h goal!a(th and wIM dkeo dil' y
<br /> P� x,�oncq its clalm br ary such eward a peymwr►t,end wil cause IAe aame tb be ���•>•"
<br /> , � cdroct�ed a�d pa►d to 8�vk.�►icterjt enal,ahou/d it lail w do sq nusta lno�rocaby euthorizes and erny�o►rers B�roef'�claryS t��tha neme d Tmsror or t+��'W�
<br /> Wherwlse�to fikiC proseaife,aettie or�wmprortdse sny such Gakn and to colfvct,receipl for and re�aln tho proceeds Il IM Tlust Properry/J abartdwied � j a;}:
<br /> � by Trustos d,eher notice by BmeNcfsry to 71usf+w that fho cardemna�offars ro make en eward w settfe e claM�Aor damagos� Austo�faNS fo taspa�d tu .,,;��,_ ' ^'^---
<br /> - BeranRclary wkhkr fAhry(30)dAys altar Ne da(e such notko!s ma0od,BoneRclary!s ctuUarized(o coNecf ax!epply fhe proceeds In the marmer � "''�'�`"�`�""
<br /> A+O�c�(sd He�eh. 7M pruceedt d ar y ewerd a clakn ma};el�deducUng eM mesont�blo costs and eapenses Axba4r�aftor►rt�y Iee�t whkh r» hrne "`'l .`�'�'-„ �
<br /> . „ Deen kwyxr�sd by Benefidary h the�/on thetauf,at fho soJe discxeUon d BenMic! bo released to lFusbr,appNed to restaratlan d Rusf P .. .,-.'�.�`M:i• .
<br /> a b Ne � �+=Y. •� , •�.�,y;s:}_
<br /> applkd payment d fhe A�d�blett�cess Unless Bonofic/dry ertd Tiustor atherwlso egrae!n wAting.any suCh�plFc&NOn d proceed9 M •• r•�4
<br /> .�I kido6Mdnesa ahaN not extend cr postpp�e tAa dun dare d Nro Note w Me pt+yment o/erty InstaMmeMS caled Ro►theierx►dec � .' .'�:;,'�
<br /> 12. Contaminants Ttusror warmnfs end irpresents Mat tfx�ro mm�ot now,no�to tho Aest ot Tlusror's knawbdgcr eher reasonablo Imrestl�nNOn,have �
<br /> ' tharv ever been and,wilhout ihn TTusfa obtalning Benoficlary's consont and aU mpulsllu po�mits and eAprovats,fhere will not In fhe tutwe be --__.---_--,-_--�
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<br /> - -i contamhtanf�atorod,handled,a dispatod of on the llust Proporty whlch woutd roqulro Goanuµrorr.ova!w otAer romodJril actbn under eny �
<br /> I envkonmental fxwa Contnminants shaH menn mamdal�suOstanccts and compounds prohibfted a r�gu/a►ed under eny envlraimon►al faws. Austa
<br /> _ wtAlmmedlatey nmify che Benef'iclary,„wriung,of ary,(q lrwesdgatlon,tnqulry,ela/m a actlon Dy nrry govemmonta/autha/ry a othei party,
<br /> ngalrtst tho Trusta�egartting any onvlronmenral lows,(i�)Corrtaminunts on tho Tiust Properry whfch wouM roqulre cloanuµremova!a othar remedls0 �
<br /> adlon unde�ary envlronmenrol la►vs Upon tho Bonofk/ary's mquest, riusto�wlll porlodkaNy provtdo environmentol assessments or complianco
<br /> ' audits;and agraas to permfr onvlronmtntsl InspeUlons and tostinp o/Ihe rusf Proporry by iho Beneltclory w ifs egenf�et fho Trusror's exponsa
<br /> p fhe 11ust Prqxf�ly is usod fa rosideNiaf purposea,�ho pn,�ced�np shatl not ap,o.y ta tho pmsenca�use�a sto�ago on tho Tiusl Fropeity d amall �
<br /> quantltles W Contamfnants tAat are greneral.y recognlzed to be eppropdate to normn!rosldenUal esea and ro malntenanCe af the Tiust ProprrrtK '
<br /> 13l Tiusta Not fieleased. Extenslon d the fime for payment or modJlcarlon of sny emoRimtion d tho hrdebtedmtss p�antod Dy BenoJiclary to any
<br />__ ' succossaln lnleiost d Iiusta shal/nN operato to roMnso,!n�ny mannor,tho linbitiry of Tiustor and 1lusta's succossors!n fnlorasf.Bonol�cfdry •
<br /> shaN not bo requliod to comn�enco procoouengs a�nb�st such succossor w rcluso to oxrend rinio foi paynrent or othenv(so n►aflfy amortlznUon d �
<br /> the/ndoDt9dness 6y roason of eny dommd made Dy Trustor artd Tiusta's succosso►s!n/ntorost.
<br />- 11. FkranclallMormatlon. Upon requos�of Beneficlary,flusta wil!prwlJe to Boreaf�iclary,wi�hln Nnery(9UJ deya of the c/ose ol each lJscel year d
<br /> Rusto�fhe consoNdated balexe shee!md alatemenf d earnlnQa d Tlustor end any end eH puernntoro d fhe fndoDtakress seairod heroDy,N�nyt ••
<br /> and w�l pwlde and deNrer pu Beneffc/�ry such ofher lirtancln!Mformatlon end/n such manne�as Bonoliclary mey roasonaby request from tfms to UrrH�
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