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<br /> . , . . �..� L. Notcvitbstanding aaY of the 3anguage contained ia tbis DeeB of Trast w the ooauary.ihe te�ms of tl�is sec�n shatl `F �- , .
<br /> � � sutvive any foieclosu:e or sa6sfactioa of[his Deed of Trast regardless of anY P�Be of tide to BeneficiarY or aay : . .
<br /> s•�` , ' dispositioa by$eneficiary of a�►or ali of the Propezty.Any ciaims and defeases to the contcary are hereby a►aived. �• � .
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<br /> � c . 1A.CONDEII'BVATdON.Tn�star well gtve Beneficiaty prampt notice of any acdon.real or thceatened. hy privaze or public ` ': ` '
<br /> ' thmu condemnation,emin�t domain, �' �`' �.
<br /> ` � enrities w pu�shase or take aay or all of the Propetry,including aay easemenu, P,� .
<br /> or amy Qther m�ans.Tmstor fi�her ag�es to notify Beaefisiary of any pmce�edings instmued for the establishm�t of�y
<br /> �(' � •��� : • sewer.water. oonservarion,diu�, draina8e.ar other disuict relating to or binding ugon the Property or any part of i�. �r�
<br /> �'' ' ' �-'.•� 'IYustor authori�es Berxftciary w interreae in Ttustor's name ia aaY of the siwve descn'bed actions or claims and to colted ,
<br /> : 4 ' � �'."°.... and reoeive all sams resutting from the acaon or claim.Tnuwr assigns to BeneBciary the pmceeds of any award or claim _ '
<br /> ��., : �� art of the Pto Such roceeds shall be
<br />°;� far damages catmected�booad�a�o pmv'edod m th�'�s Deed of Tn�ut.Ihis assignmeat o Pmceeds is subject to the ' '-.
<br /> coasidered payments aPP .
<br /> .`i- . �• tetms of any prior securiry ag��n1• � •-5,
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<br /> 21.IAiSi)RANCE.Trustor agrees w maiutaia insuianoe as follows: �;.� ,. . � �'
<br /> �'�` . _ �' A. 'TntsWr shall ke�the PcopertY insured agaiast loss by fue,theft and other Hazasds and risks seasonablq a,�sociated Y
<br /> �;-. ����� � mclude.for exam�ple,coverage against
<br />.ry.:� due w its e aad location.Other h�ar,ds and n�sks may' . -
<br /> =° loss dne to flaods or floodiag. This insoranoe shalt lse maiutained ia the amonats and for the gerlods that --
<br /> ''°- � 7 l i e i n s u r a n c e c az r�e r p ro v i d i n g t h e i n s�tt a n ce shall be chasen by Truscor sabject w 'M�
<br /> ��• , , Beaefciary t+equires• � :� -
<br /> •<r. .v�� Beneficiary's aPProval. whi�h shall not be unreasonably witbheld. If Tmswr fa�s w maintain the coveiage . :•
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<br /> :`�� . ` � descn'bed abwe, Henefiaary maY, at BeneficiazY's option,obtain covera$e w pmtect Beneficiary's rights in the ���
<br /> ' . �:5 pioperts+according w the tetms of this Deed of Trast.
<br />.�;� er �.'
<br /> �:. . ` � All insat�oe Policies and reuewals shall be acceptable w Beneficiary and shall include a standand "mortgage " _ , --
<br /> na Beaeficiary of —
<br />��` clanse" and, wheie aPPlicable, "benefisiary loss payce cl�se." Tntistor shall r�diatelq dfY . �_
<br /> .,: < . .
<br /> ;�;r•� � ' cancellation or temaiaati�a of the insnrance. Bensficiary shaU have the right w hold the policies and renewals.ff .;:�
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<br /> ' g�uef�cia�Y rec�uit+es• Tivstor sha11 �Y �e� Beneficiary �11 �P�of gaid premiums and renewal . `;•�_,_
<br /> a. ;
<br /> � •1�•:�. eas req _.
<br /> �"���``' ; _ ;�. trotices.Upon loss,Ttnstor shall give i�ediate norice to the insvrance cazrier and Benefrciary. Benefic�uY may _ -- �.,y
<br /> -;� . make pmof of loss if�t made immedia[ely by Trastar. }�_
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<br /> :�;. . • � Uuless B�eficiary and Tnuwr othemise agree in�vriting,insurance pmceed.s shall be applied w restoration or . - s� '.-r.�;,,_
<br /> �., . .'` repair of the Property dama8ed if the restoration or repur is economicaliy feasible and Beaeficiacy's secarity is not � + f;•..-
<br /> • eu �;�'-
<br /> , • lessened. If the reswration or�air is not economicalty feaslble or Beneficlary's securiry wouid be less�ed.the �:
<br />�'�� ` � �.:Y 9nsuraace gmceeds shall i�applled w the Secuted Debt,whetber or not then due,with any excess paid w'Tiustor. ' {' ,
<br />..�,.; .
<br /> . � I f T r o s t o r a b a n d o n s t h e Pro p e rt y,or does not auswer within 30 days a notioe from BeneBciary that the iasurance `; ',�.:_
<br /> ��;;: .. • : canier has offered w satle a claim,then Benefciary msy collect the insuranoc pm c e e Q s.B e n e S c i a ry m a y n s e t h e : ..* .
<br /> __ __ a•.i proceeds to iepair or nswre the Propecty oz to pay the Secured Debt whether or not then due.The 30-0ay gerlod t,_ ; ! .;�_
<br />',�= - " � will begin when the notice is given. - --- --
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<br /> �s � � ? UWess BeneSciary and Trustor otherwise agree in aciting.anY aPPUc�ion of pmceeds w principal shall not extend ,._
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<br /> ' or postpaue the dae date of schedoled payments or change the amouat of the payments.If the Pcoperty is acquired •;: � : ..T�='
<br /> . � � by Benefciary,Trustor's right w any insarance policies and procceds resulting from damaSe to the Pcoperty be��az ':��. ;' ' ,��.;�_
<br /> �,;�-;: . the acquisition s�aIl pass to Beaeficiary w the exteat of the Secured Debt imrnediatety befor�the acquisition. . : »
<br /> > ; . . �f 8. Tn�swr agrces to maintaia comprehensive geaeral liab�ity iasurance namiag Beneficiaiy as an addit�onal insared In :�._`
<br /> � . � `..7 aa amouat aa�ptable tu Benef clary,insuring against claims azis�ng from any accIdent or occurrencc in os on the . � f ::,_.'
<br /> �:'; PrOP�Y- b Benefiaary,ia aA amount . . '�,•��-;
<br /> C. Trustor agr�s to maiataim m�tal loss or business intemiption ins�rance,as required Y . .,"�-
<br /> � .{ . �".� equal to at teast coverage of one year's debt service.and requir�ed escrow account deposits(if a�to separately , .
<br /> �• � ' in writing),under a form of policy acceptab2e to Beaeficiary. � ��-
<br /> #:.°`'; • � 22.NO ESCROW FOR TARES A1VD INS[JRANCE.UNess otherwlse provided ia a sepa�ate agreemeat,Tmstor ar�l not • ". _
<br /> ' be required w pay to Beaeficiary funds for taxes aad insurance in escrow. : . -
<br /> .�`�{�' � ' 23.FDVANCL�L 1tEPOATS AND ADDITIONAL DOCUMENTS.Trustor wiU prov£de to Beaeficiary upon request, anY '� �.��-
<br /> ',�,; • .
<br /> � � financial statement or infom�ation BeaeficIary may deem necessary. Trustor wanaau that all financial statements and
<br /> �,� informaflon Tn�stor provides to Beneficiary are. or wiU be, acauate, wrrect, �d complete. Tn�stor agm.es to sign,
<br /> - � deliver, and flle as Beneficiary may reasonably request any addldonal docnmcats or certificadons that $eneficiary may ,
<br /> � - consider necessary to perfect,contimie,and preserve Trustor's obligations under this Deed of Tn�st aad Benefrciary's lien , . .
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<br /> .� .;; �� � � statns on the Property. If Tn�stor fails to do so,Beneficiary may sign,deliver,and file such docaa�ents or certificates in .
<br /> ' � Trustor's name and Trusto:here by irrev a c a b ly appo i a u Bene fi c i a r y r o r B e n e fi c�a ry's a g e n t a s a tt o rn e y in fact to do the
<br /> things nece�sary to compiy wlth tl�s seerion. ' �
<br /> . .. � ' j 1A.JOINT AND L�1DIVmUAL LIABILITY;CUSIGNERS;SUCCF•SSORS AND ASSIGNS BOUND.All duties under � , .
<br /> this Deed of Tr�st are joint and individual.If Trustor aigns this Deed of Trust but does not slga the Evidence of Debt,
<br /> � � Trustor daes so only to mortgage Tcustor's iaterest in the Property co secure payment of 1he Sacured Debt and Trustor . .
<br /> does not agee to be personally liable on the Secured Debt.Trustor agrees that Beneficlary and any party to t61s Deed of .
<br /> Ttust may extend, madify or make any change in We termg of this Dced of Tn�st or the Evidence of Debt without
<br /> - Tnutor's consent.Such a change will not release Trustor from the tenns of Wis Deed of Trust.79:e duties and benefits of
<br /> � th�s Deed of Tnast shall bind and benefit the successors and assigav of Tmstor and Beneficiary. .: �
<br />-r:�` '. •
<br /> Y:" If this Deed of Trust securea a guaranry between Beneficiary aad Trustor and does not d'uecUy secu�e the obligation wlrich
<br /> � . . is gnarantied,Trustor agrees to waive any rights that may prevent Beaeficiary from bringing any action or claim against . '
<br /> ` �.! • Trnstor or any pazry indebted under the obligation including,but aot limited to,anti-deAciency or one-actlon laws. .
<br /> � Z5.APPLICABLE LAW; SEVERABILITY;INTEAPRETATION. This Dced of Tnut is govemed by the laws of the .
<br /> � jurisdlction in which Beneficiary is located,except to the extent otttenvise required by the laws of the jur�sdiuioa whese
<br /> �, � the Property is located. Thls Deed of Tnut Is complete and fiilly integrated.'Iriis Deed of Tnut may not be atnended or
<br /> .,.:'�,: • ! modified by oral agreement. Any section or clause in this Deed of Trust, attachments,or any ageement related to the
<br /> ,��,', j Secured Debt that conflicts with applicable law wi11 not be effective,nnless that 1aw expressly or impliedly pennits the �
<br /> vnriauuns by written agreemen'.. 1f any s�tion or clause of Wis Deed of Trust cannot be enfo r ce d according to its temis.
<br /> ; that section or clause will be severed and will not affect the enforceability of the remainder af this Deed of Trust.
<br /> �°• Whenever used.the singular shall include the plural and the plural the singular.The captions and headings of the sections .
<br /> - of this Deed of Tmst are for conveaience only and are not to be used to interpret or define the tem�s of this DGed�f Tnut.
<br /> l Time is of the essence in this Ueed af Trust. �
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