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<br /> . File No. 958
<br /> 2.0498
<br /> of to satisf such Tmpoai�t(o�Qp�or
<br /> �� Mortgaged Praperty, or any part there , Y
<br /> •"' � to firxal determination of auch proceedingar (ii) Truator ahall furnish a __
<br /> ' � • good and auffiaient bond or aurety as requeated by aiid eatiefactory to .'
<br /> ''+�`��+� Seneficiary; and (iii) Trustor ahall have provided a good and suf�icient ��
<br />_f:,j�-, _ .;
<br /> unddrtaking as may be required or permitted by law to accomplieh a atay of �.
<br />_.�Mx� such proceadinga. -
<br /> ti (e) Trustor shall depoait with Beneficiary on the first buaineea
<br /> � day of each and every calendar month, until all 9acurad Obligatione are
<br /> ��. paid in full, an amount equal to one-twelEth of the annual Impoaitions
<br />_ � estimated by Beneficiary to be next due on the Mortgaged Property.
<br /> Truator further agreea to cauae all bills, atatements or other documents
<br /> relating to Impoaitiona to be sent or mailed direcely to Beneficiary.
<br /> .. �t Upon receipt of auch billa, sCatemente or other documenta, and provided
<br /> Truetar has deposited eufficient funds purauant to this Section 1.10(e),
<br /> � Benef iciary may pAy such amounts ae may be due thereunder out of the funds
<br />_ . so deposited. If at any time and for any reason the funds eo deposited
<br /> ' are or will be inaufficient to pay auch amounts as may then or
<br /> aubsaquently be due, Beneficiary shall notify Truator, and Trustor aha11 _
<br /> ' - immediately deposit an amount equal to such deficiency with eeneficiaxy.
<br /> in ite sole diacretion, Beneficiary may waive Trustor'a obligation to ^-
<br /> ' comply with the deposit requirements of this Section 1.10(e) , provided
<br /> '�, that Beneficiary may at any time, in its sole diecretion, reacind suclz
<br />- waivex by notice, whereupon Truetor shall resume depoaiting such amounts
<br /> . ';� in the manner required herein.
<br /> --- „at::ithstan3ln� *hP foregoing, nothina aontained herein ahall cauae
<br /> � • Beneficiary to be deemed a trustee o£ auch funda or to be obligated to
<br />� . experid any amounta in exceas of the amount of £urids so deposited pursuant
<br /> " ��' to tkiis 3ection 1.10(e) . Benefiaiary may impound or reserve for future
<br /> ' payment of Impoaitions �uch portion o� such payments as Beneficiary may in
<br /> a. , ita abeelute diecretion daem proper, applying the balance on the secured
<br /> � Obligations. If Trustor faila to depoeit suma aufficient to fully pay
<br /> w���": ���1.ti���, such Impoaitione at least thirty (30) daya before delinquency thereof,
<br />'y , „ BeneEiciary may, at Beneficiary's election, but without any obligation so
<br />� ,�� to do, advance any amounts required to make up the deficiency, which
<br /> advances, if any, ehall be secured hereby and ahall be repayable to
<br />=��� ,�: .{'.,• � Bene£iciary as herein elsawhere provided, or at the option of Beneficiaxy,
<br /> ""��" `°`:� Beneficiary may, without making any advance whatever, apply any aums heLd
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<br /> . , , ., by it upon any secured Obligation.
<br /> (f) Truator covenants and agrees not to suffer, permit or initiate
<br />_�.�= the joint asseeament o£ the Real Property and Pereonal Property, or any
<br /> • • other procedure whereby the lien of the Real Property taxes and the lie:i
<br /> of the Personal Property taxea shall be asaesaed, levied or charged to ttie
<br /> -�- •~ • Mortgaged Property as a eingle lien.
<br /> : �
<br /> � '� (g) If requested by Beneficiary, Trustor shall cause ta be
<br /> � furniahed to Beneficiary, at Truator's expense, a tax reporting sezvice
<br /> . �` covering the Moxtgaged Proparty of the type and duration and with a
<br /> � y company satis£actory eo Bene£iciary.
<br /> r.
<br /> � Section 1.11. Utilities. Trustor ahal.l pay when due all utility chargea
<br /> which are incurred for the benefit of the Mortgaged Property or which may become -:
<br /> a charge or lien againat the Mortgaged Property for gas, electricity, water or -
<br /> sewer aervices furnished to the Mortgaged Property and al�. other asaeasmenta or
<br /> ' charges o£ a $im�.lar nature, whether public or private, affecting the Mortgaged
<br /> Property or any portion thereof, whother or not auch taxes, assessmenta or
<br /> chargea are liens ther�on.
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<br /> � ..1.... � �� a..�aw.�e Lffnn*�nn aeertaaaad Prouertv. Trustor shall appear _
<br /> in and conteat any action or proceeding pur�orting to affect the title of Truator
<br /> in the Mortgaged Property or aecurity hereof nr the righta or powers of �
<br /> Seneficiary or Trustee; and Trustor shall pay all coata and expenaes, i.ncludinq ;
<br /> cost of e�ridence of title and attorneys' feea, in any such action or proceeding �
<br /> in which Heneficiary or Truatee may appear. '.
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