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<br /> of�he language cu�in this Deed of Tnist so the oonuarY,the terms of this secoion sva11 �t. ; • '• � �'
<br /> ' L. NotwitLstaadit�aaY assage of ude to B�eficiary or aay •: .�. �
<br />~ � survive any foreciosv:e or ofsatisfacxioaail�of the Propetty.Any�aad def�to ttie wnuary aie hereby waived. . <�
<br /> . . ; disposition by�eneficiary t ...`.
<br /> �. , �.;.
<br /> ro t notice of any acdon.real or threatened.bY Private or public :<����' ..
<br /> � � 't� Z0.CONDENINATION.Tmsmr w�l give SeneflcisiY P mP conde�arion.etainent domain, '".`•
<br /> : � � entities w pur�2se or take aay or al1 of the ProPeztY,inctuding aay easements,thmuBh , ,
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<br /> ' or�y other meaaa.Tnutnr fiuth�aSrees to uotify�eueflciaiY of any pmceediags insdwted€or the establishment of any .. '.
<br /> t�. . n the Property or any part of it.
<br /> - searer,water,wnservation. ditch.drainaSe•or other distrtcc relating to or binding upo , .
<br /> '� � � _ � Truscor suthorizes Beneficiary to intetveae in Tnrscor's name in any of the above described actions or claims and to wllect . . :
<br /> -_, t � .
<br /> -__ . :,r-- aud�eive all smmg tesulting from the actioa or claim.Trnsoor assigns to Benefiof��PmPe��F��s�shallcl be _ • ..
<br /> ' . ' • for dama&es coaae�xed with a condemnation or other taking of a!i or any Part p � m�t of mcee$s is suhjeC[to the � , >. `
<br />=; � � considered paymeats aad will ise applied as pmvided in this Dced of Tnuc.This �Q" P d, �` .°
<br />;;" tenns of any prior secwriry aStcem�nf• '- ,
<br /> _ �
<br />_ � 21.INSURANCE.Trastor agcees to maintain uisivance as foIIows: . � �•�..
<br /> � • A. Tmstor sball 1c�the Property insurecl against loss by fire,theft and other hs7atds and risYs reasonably associatetl , :` � .;
<br />'`,; �, , with the PmpertY due to its tl+pe and location.Other harards and n�sks may mclude,for eaamPle.coveiage againsc __
<br />`'� ' loss due to floods or fload�ng. This iasutance shall be maintained 'm the amonnts and for the periods that _
<br /> << • shall be ciwsea by Tnistor sub je�t to , j_
<br /> BeneficiarY re�l�s- The insniance c�rier Providing the insurance � cov e � =
<br /> �', , ' � . BeneficiarY's aPProval. wLich sball not be unmasonabl withheld. If Tnutor fa�s w maiatain �S , ;;,�_R
<br />�_i:< . . descrtbed above.BeneSciaty may, at Beneficia�+'s option,obtain wverage to protect Beueficiary's rights ut the .. ,,;`�:.
<br /> ��; � ' � � �P�Y��g to the terms of this Dced of Tmst. _. .
<br /> �.`�� . . olicies and nenewais shall be ascepta�le w Bene�cia�+ and shall include a standard "mortgage ', �� ,
<br /> i - . � A11 insusrance P licable, "benefcciail+loss payee ctause." Trastor shari immeiliaiely notify Be�ficia�Y of �•t ':. - •=_
<br />��:�, , c i a u s e" a n d,where a p g �hall have t h e ri g 1 it to ho l d t h e p o hcies and renewals•If , ; ��'*�•'-
<br /> cancellation or teimiaation of the insurance•Beneflc�ary sh and renewal ` E-;�.
<br />- � � - Beneficiary��• Tn�stos s4iall i�aediazely give to Beneficiary all receipis of paid premiums . ;k. .-
<br /> ' ` notices.Upoa loss,Tnuwr sDall give immediate notice to the insurance cazrier and Beneficiary. Ber.eSciary may ,F 5':���
<br />- '.:L . m a k e p m o f o f l o s s i f not made immediately bY Tn�swr. ...:"�.:�.
<br /> �. , ' ;::_ :•..:..
<br /> �. � y,� and Tn�stor othernise agree m wridng, insurance Proceeds shall be applied to reswraitoa or x-.�•
<br /> � Unless Benefrciaty . � ��S'��
<br /> '; . , _......, �p�af the PropertY damaged if the restoration or repair is economicallY feasible and Bea afr�be l�ed, the .��
<br /> ;<i � . � lessened. If the mstoration or repair is not economicaUy feasible or Beaeficiary's secaritY �
<br /> .. insvrance pmceeds shaU 6e applied w the Secured Debt,whether or aoi thea due,with any excess Paid to Tmstor. �..-,�
<br />.�,''. ' If'lYustor abandons the Property!,or daes not ansarer within 30 days a aodce from BmeflciarY that the insurance �.7,��_
<br /> . ca�sier has offerEd w seule a claim,then Beneficiar5+maY c�llect the insuraace prnceeds.Beneficiary u�aY�,� . : , "�_�__�.
<br /> - -- .- - proceeds ta repair or zestore the PropenY or to pay the Secored Debt whether or not thea due.'[he 30-daY P „ �s
<br /> . � will begin when the notice is given. •.�'��'
<br /> 1 lication of pmcceds w principal shaU not extend . r �" -
<br /> , ��: U n l e s s BeneSci a ry and Tnuwr atheiwise agree in writing,�Y�PP I f t h e P ro p e r t y is a c q u i recl '�''�_
<br /> ' ':� ' or poytpone the dne dade of schedu3ed payments or c b a nge t he a m o u n t o f t h e P a J+��• .: .,=��,T
<br /> .- .4 ' . by BeaeSdary,Trustor's right to any in.s�rance polictes and procePds�sulting from damag�e�w�g��tion before _-
<br /> •. �. . : . the acquisidon shall pass to Beneficiary to the extent of the Secare�i Debt immediatclY ... _�.���
<br /> �. . B. Tniswr agee.s W maintain comprehensive geaeral liability insurance naming BeneBciary as an additional insured ln ..�°.,�,.,.'
<br /> • . � an amount acceptable to Bene&ciary,insurinS aSainst claims arising from any accident or occurrence in or oa the ��.'•r ,,-•._.
<br />� � �P�Y• b Beneficiary,ia an amnunt � :`; '� ' '�::�
<br /> � G Tnuwr agrees to maintain rental loss or business interruption insurance.as re�Nired Y .
<br /> equal to at leagt wverage of one yeu's debt service,and required escraw ascount deoosits(if agteed co seParately , ; :��
<br /> �;;.��; . i n wnqn p�,under a fo:m of pollcy acceptabte to Beneftciary. . �
<br />'��.. " . . _ �. .'(�..
<br /> , . 22.NO ESCKOW FOto �T��ds�f o�e.Ng�d viavr�an��n�ewrovided in a separate agreement, Tn�stor wUl not .
<br /> : �.. .
<br /> .. be required w�'aY
<br /> r.'.": .
<br /> . - � 23.FINANCIAL PEPORTS AND ADDITIOIeTAL DOCU1ViENTS.TmsW�r wranants tthat all finaaciapl��ts and � . °-
<br /> ����.... financial statement or informadon Beneficiary may deeaa necessary. . .
<br /> � ' ` information Trustor provides to Beneficiary are, os will be, accurate. correct, at►d comPlete. Trustor a� to slgn,
<br /> ',� deliver, and file as Beneficiary maY reasonably request auy additional doa�ments or certifications that Beneftiar�+ may .
<br /> '''' coaaider necessary to perfect.continue,and preserve Trustor's obligations under tbis Deed of'IYust and Benef�ciary's lien
<br />- � = s t a t u s o n t h e P r o p e r t y. If Trustor fails to do so,Beneticiary may,si8n•deliver. and file such docaunents or certificates ln
<br /> Trustor's namc and Trustor Hereby lrrevo c a b ly appo i n t s B e n e fi c i a r y o r B e n e fi c i a ry's a g e n t a s a t i o m e y i n f a c t t o do the
<br /> . .• ., thiags necessary to comply with thi9 sectioa. . . • .
<br /> . • . • Zq.S�IN'I'pN1D IIHDIVIDUAL LIABILIT7f;C0.SIGNERS;SUCCESSORS AND ASSIG?+iS BOUND. A11 duties under .
<br /> ND
<br />- • this Deed of Tmst are joint and ind�vidual. If Trustor signs chis Dee.td Sf�pallymen of the�ure�EDebt�and Trustoi �� •
<br /> Tn�stor does so only to mortgage Trustor's interest la the Property �o�D�of �
<br /> � does not agree to be personally liable on the Seaued Uebt.Tiustor agrees that Beneflciary and any partY •
<br /> � Trust may eatend. modlfy or make any chanSe in the tecros of thls Deed of Trust or the Evidence of Debt wlthout .
<br /> . . Trustor's ca Tmst shall bind and beneflt the successors and assi8ns o��ror and Benef ary��e duties and benet3ts of
<br /> °: � th9s Deed of
<br /> lf this Deed of Trust secures a guaranty between Heneftciary and Trustor and does not directly securc the obligarion which
<br /> is�arantled. Tn�sto nd bted tunder�the obliga�n nclumd'a�gpbut not8limited to an i defic'z�eney or one-action laws�a�t .
<br /> � � •� • Tnutor or any partY� •
<br /> 25.APPLICABLE LAW; SEVERABILITY+ �NTERI'RETATION. This Deed of Tn�st is governed by the laws of the �
<br /> jurlsdictlon in which BeneSclary is lacated. eacept to the exteat othetwise required by chs laws of the jurisdiction where .
<br /> . � the Property is�ocate�. This De�d of Trust is complete and fiilly integrated. Tdis Oeed of Tn�st may not be amended or
<br />,�`:;., modif:ed by oral agreement.Any section or clanse in this Ueed of Trust. attachmenu, or any agrePment related to the
<br /> . � Secured Debt that conflicts with applicable 1aw will not be effective.unless that law expressly or impl9eNy pemuts the .
<br /> •'-' �' variatioas by written agreement. lf any section or clause of this Deed of Tmst cannot be enforced accordin�to its tem�s. •
<br /> `'` � that section ot clause will be severed and will not affect the enforceability of the remainder of th9s 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 Trust aze for convenieace only and aze not to be usrd to interpret or define the terms of tt�is Deed of'�r}tst.
<br /> ` � Time is of the essence in this Deed of Trust. pago b o/6 . .
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