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<br /> � epainsf/ufure monthly(natallments o!Funds.ll tho qmount of fhe Funds held by BvneNClary ahall not be suHicient 10 pay faxos,ussossmonts, „
<br /> � msurenCU promiums anq ground ronta n8 they Inll duo, buStor shell pey l0 6onohcioryar►y amount nocossary fo mako up fho dN�cinncy wrthin thirry ,
<br /> days Irom fho tlatu nntico is mndod Dy 9onCliciAry lo Tiusto�raquost�np paymont fhored Upon peymont�n full of nll�ndobloAnoss.Benohcinry shnll
<br /> jprnmpfty rolund►o Tiusfo�ony Funds held by Bonoliaary ll(ho Tiust Pioporry�s sofd u�btn ihn power ol selo or tho TYust P�aporry�s cthonviso I �
<br /> I ncqwrod dy Aenol�cinry,8onel�cinry shall eppry.�mmodiatoly pnor►o tho salo o/tho Amt Proporty ar ds rtcquis�tion by BonoOC�nry,nny FunUS hold
<br /> by Bono/ic�ary at tho f�mo o/applrcahon ea n cradrt npninat fho lndobtodnoss fl BnnalMit3ry oxar.utos n wniton w�rvo�oi liustor:v odl�pahons unda
<br /> I this pomproph 4. 1Yusfor Covonnnts nnd oproos fo pny,boloro tho sam0 bacomo do/Inquont.afl Iqxes.n9svssmonta,msmqnco p�omium9.pround '"
<br /> ronta.and u/l o�her ch/�rpos whafsoevnr feviod upon or nasossod,p/acod or mado agmns f Iho Tiust Property. ilusto�Iwthor nDroos.upon wntton
<br /> roquosf dy Bonof/c�nry, ro promptly dollvti►to Bano�lciAry all roceipt9 lar tho paymont dsuch chnr�ee lluStO�/�kOwisO/IproOR f0 p11y(ill fAx09. _
<br /> Assossmonts O�d nlhnr r.herges l�viod upon or easosso4.plecod or mnAe agn�nsL rxmoaeurod by. this dood ol Trust nr fhn rocordtdion horool _
<br /> 5. AppucaHon ol Poymonts.All paymvnls recorvod by 8enoliciary ea 10 eny debt IiabN�tya obl�pation avod to Bonolic�ory Ay 1lustor may bo nppliod Dy I .
<br /> Beneflclary fo the peyment of Iho lndobtodnOSS or to any such othor dobt,6ebdlty oi obugadon.m eny ortio�o�mannor ol applicAUOn whicn ..
<br /> Bene!lClary.In rta absolure d/scrotlon,daems eppropnate.Unfoss othorwlso olocted byBaneliciery.ony such peymont shell bo deemed eppl�ed first •
<br /> , to fhe payment ot any debt. llability or obllgatlon othar than the Noto.
<br /> B. Charges;Uens. Tiusto�w+ll koep the 7iust Property free Irom e�!Ilens and encumbrancos which m any way may.m tho�udpmvnt ol8eneliCiary,hevB
<br /> pdodry over,or impan the secunly ol,this Deed ol Tiust but 7iusror need rtot dlscharge any such lien so long as bustor shall agree.!n w�lnng,to
<br /> pay the obllqatlon secured by such lien!n a manner acceptabla�o Benellclary and shaN in good laith contest such I�an dy apArop��ate legal . __
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<br /> proc5edings oBocnve to prevent the enforcement o►the 1len and the loss o/arry interes�in or part ol the Trust Property. : : _
<br /> 7. Hazard lnsurence. 1Yustor shall keep fhe bulld/nga and ather improvements now exisMg or herealter erected on the Trust Property insured by � �`-
<br /> insurence canlers satisiaCtory to 8eneflclary agalnst loss by lire,hazards!ncluded!n Ihe term'gxtended coverage"snd such other hazrtrds, „ �?
<br /> cesualt/es end contlngencles as may be requlred by Beneflciary,!n such amounts an0lor such peno�s as may be requ�red by Bene/lclary.The
<br /> po!!cy ol(nsu�ance shall be!n lorm acceptable to Beneliclary,provlde that the same may not be cancelled or moddied wl�hout liReen(15)days pr(or
<br /> w�ltten notice to Beneflclary,and shall have loss payable provlslons In favor of and!n 1am acceptable to Benellcfary.All promlums on inswance �.��`:_
<br /> pollcias shall be pa�d!n the manner provlded under paragraph 4 hereof o�i!not paJdn such manne�by 7Yustor making payment at least/iReen(f5) . .
<br /> days pdor ro the due date,directly fo the insuranCe canler.Beneficiary shall have dterght w hold!ho polfCles and renewals thereol end Tiustor shall " ' .
<br /> promptty lurnlsh to Benel�clary af/rt3newal notices and all paid premium recelpts�ecersd by it.M no ovent shalJ 8ono/JClrrry or 7iustee be held •
<br /> responsible lor fa�lure to pay insuiance premlums or lor any loss or damage ari8�ng ar o!a delect in any podCy or ar/sing out of any lallure ol ar�•
<br /> Insurence company to pey Ior any loss or demage insured agalnst or�Or lallure by Tiu�loi to eHect the insurence requlred hereunde►In the event o/ t eh•
<br /> loss,Tiusto►shall give prompt notice by mell to the lnsurence canier and Benellclary.Beneliciary may make prool ol loss il not mede promptly or!n .
<br /> proper Jurm by Tiusfot All pollGes o�insurence and a�artd afl relunds o!uneamed pemlums are hereby asslgned to Benelklary as addltional
<br /> sBCUdry lor the payment oI the Indebtedness. In the event of Benef/clary's exerclse ol lhe pvNer of sale contalned horein,or in the event o/ �-�:,�_
<br /> ' loreclosure,ell rlght,title end Inferesf of Tiustor!n end fo a»y Insurence pollcy then!n bnce shall pess to the purchase�at the trustee's sale or �
<br /> loreClosure sale.In case of any loss.the/nsurance proceeds may,at the optlon oi Beae�lclery,be applied by Beneliclary upon the lndebtednesa,or -
<br /> ,p arry part theraol,and!n such order and amount as Benef/clary may determine;or saidinsurenCe proceeds,at the optlon of Beneficlary,mey elther ���
<br /> '�r be used 1n replacing or restodng the Tiust Properry partlally or rotaUy destroyed ro a tondlNOn satls/acrory to Benef�lary:or saldlnsurence :;y:,;g..—_
<br /> � proceods,or any port/on thereot, may be released ro 1Yuator.Unless 8enefklary and busto�othenv/se agree!n wrltlng,erry such epppcedon o/ '�'�-
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<br /> lnsurance proceeds shall not extend o�postpone the due date of the Note,or ery in5lallments called for thereln,o�change the emount ol such .R��
<br /> ' lnstallments.ll the Tiust Propeny/s acquired by Beneflclary pwsuant ro tho exerclse d fhe powe►oi sale or other foreClosure,all rlght,dtle end �.'"�,�'
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<br /> lnterest ol 1Yustor in and to arrylnsurance proceeds payab/e as a result o/demege to lha Trust Properry prior to the sa/e or aCquislt(on shall pass to .��t -
<br /> " 6eneiicrery eno snaii ne appi�ad iirst iu thv cv�is nnJ aapar'�ses,7rclod����a7�msy/i"vb, iTLUrfC(t:.7^^..%�.^•C��^'��uch F!CC9°1�°,(hwn iB fhR ITIAnI1Rf �"�-
<br /> and!n the order provlded hereln. "--_
<br /> 8. Preservatlon and Malntenance o/ liust Property.Tiusto�villl keep the bulldings and dher Improvements now or herealter erected on the Aust `-°"–
<br /> Properry!n good repalr and condit/on end wlll not commrt or permlt waste,will not e�er the deslgn or snuctural character constituting arry bullding �___ t�,•_-
<br /> now or hereafter erected on and constltuting the 7YUSt Proeprty without the prior wiliten consent of Beneflciary, wlll not do erry act or thing wh/ch �.�
<br /> would unduly lmpelr or depreclate►he va/ue of the Tiust Property and w0f not abandan the Tiust Propeny. Tiusror will not remove any!lxtures -�-_
<br /> consHtuting the liust Property un/ess the same are/mmedlatefy replaced with Irke propeity sub/ect to the Ilen and security lnterest o/thls Deed ot �_°'_
<br /> 11ust end o�et least equal value end utlllty.Tiustor will comply wlth s11 present end JuMS ordlnances,regulaHons and requlrementa oi any . =�
<br /> governmental body whlch are epplkable ro the TYust Properry and to lhe occupency end use thereo/.It thls Deed ol TYust�s on a unit 1n e ` ?r?-
<br /> * Contlominlum or a planned unit development, Trustar shall pedorm all ol Dustor's oblgativns under the declarat(ons or covenanta creaNng or
<br /> governing the condornln�um or the plonned unit development,the bylaws and regu/eidns ot the condominlum or planned unit development,and the
<br /> ';1, Constltuont documents.
<br /> � 9. Inapection.Benellc(ary or!ts agents may,et all reasonable tlmes,enrer upon the Trus�Property for rhe pu�pose ol Inspecdon.Beneficisry shell have %�
<br /> no duty to make such Inspection end shell not De Nable to 1Yustor or to arry person inpossessJon rf It makas or lails to make eny such lnspectlnn. p-s�
<br /> 10. ProteCtlon ot Secudry.If IYusta/alls ro pedorm e�ry ol the covenents and agroomentsconteined in th(s Deed of Iiust,or if eny ectlon or proceeding i_•__
<br /> is commenced whlch does a may adversey eBect the�ivat Property or the interest t�Trustor or Bene►iC�ary fhereln or tho hNe ol Tiustor there% [`'
<br /> then Beneflclary,at Its optlon,mey pedorm such covenants ertd egreements,make suCh appearencos,de%nd agalnst and/nvestlgate such act(on _
<br /> oi proceeding antl take such othar acHon as Beneflclary deems necessary ro protecrns lnrerest includmg,but not limited to.dlsbursement ol
<br /> ressonable ettorney lees and entry upon ihe 7Yust Property to make repairs.Arry emounts disbursed by Beneficfary pursusnf ro thls paragreph iQ ._
<br /> with Interest thereon,shaU constitute frtdebtedness ol T�usto�Secured by thls Deed d i�uat.Unfess Tiusror and 8enelict+ry agree to other ferms o� �•`°--
<br /> ,,� payment,such amounts shall be peyeble upon notice l�om Baneflclary ro Tiustor requesdng payment thereof,end she�f bear Interest Irom►he date �;;��
<br /> of disbursoment at fhe de%ult rate,il any.Set forth In lhe Mote,or othenvlse at the hlghest rnte permitted by law. Nothing Contained!n thls parsc�reph ---
<br />- shalf rRqulre Bene%Ciary to lncur any expense or take eny actlon hereundae bustor imevocabry authorizes and empowers Benepciary to enter upon
<br />- � the Tiust Property as Austor's agont and,in Trustor's name or othenvise to pertorm airy and afl covenants and agreements to be performed by ,_
<br /> Trustor as hereln provlded. 8eneflciery snall,at its option,be subrogaled to erry encwnbrence,Ilen,clalm or demand and to all rights and securities _��,
<br /> � lor the peyment thereoi pald or dlsr.harged by Benoflclary under tha provlsions heredand erry such subrogatlon dghts shafl be addtionnl and �Tr
<br />� J cumufathre securiry lor thls Deed of Tiust. �� ~�
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<br /> 11. Condemnatlon. The proceeds of arry award or claim for damages,dlrect or consequenea�. in connechon wrth ery condemnatlon or other taking of the ,�,��:
<br /> I Trust Properry,or eny part[hereof, or Mr conveyance�n lieu of or in anticlpation of condemnahon.are he�eby asslgned ro end shall b2 paid ro ." �',,,.,
<br /> - � Seneficisry. Trustor wlll file and proseCUte,m gopo larth and with due ddigenCe,its Claun doi any such award or peyment.and wtlf cause tho seme to be y ' •
<br />, i colleCted and paid ro Benefiaary. and,should!t IaU to do so. 1lusror inevocaby autharaes end empawers Heneliciary,en Ihe name of Tiustor or n�
<br /> othe�wlse,ro life,prosoCUto.settle o�compmmise ary such cla�m and ro collect,roceq�'o�and rotain the proceeds If the Tiust Properry�s abandonetl •b ,::��.�N�:..'
<br /> I qy Tiusto�or,efter notice by 8eneflaary to Trustor Hiet Me condemnor oNers to make an eward or sett7e a Claim/or damagos. Trustor teils to respond to +� . .
<br /> : � Benelrc(ary wdhln tmrty(30)deys alter the date such not�ce is mailed.8enef�ciary is autliorized ro collect and appfy the procesds m the menner �
<br /> indicafed horoin. The proceeds of any eweb or Claim may,aRer deduchng ell reasonab!e costs end expenses,includmg Attorney lees.whrch may havo
<br />, 1 been lncurred by 8enel�c�ary m tho co!1QChon thereo%at the sole d�scre6on ol Bene/ic�ary. be released ro Tiusfot epp��ed ro restorahon o/TiuSt Property.
<br /> � or applied to the payment ol the/ndebreUness.Unfess Benel�ciary snd Trusror otherwue agree m wnhng,sny such app/�r,ahon ol proceeds to �
<br /> InOebtetlness shall not extend or postpone the due date o�tbe Noh�or the payment deny mstallments calfed for thereundec
<br /> ; 12. Contaminants. Tiusto�werrdms end represents thAt there aro not now,noc to thp be51 of Tiustor's knowledge after reasonable urveshgat�on.heve
<br /> there ever been ond.wdhout fhp Trusta�oUfern�ng Beneliaary's consent and al�requ�sda permrts and epprovals,there wd1 not�n the luture be
<br /> . Contammants stored,handled,or disposM oi on fhe Trust Property which would ream�e Cleanup,removai or other remed�al achon under any ;
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<br /> ermronmental laws.Contammanfs shalf inean matenals,substances and compounde proh�brted or regulated under urry errv�ronmenta�laws. Tiustor �
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<br /> w�nunrnw�a�ary nv�.ry�.m uo�.o.....a,p...mnmy.v.a..�.Iq..vvvvyovv......yw..�.v.r.....�� ..�..�....� ....��_._ - �- -- - • ... .-----------
<br /> agmnst tho Tiustor rogurdrng uny om�ronmental lews,pd Contaminonfs on the Trust Prope�ly wh�ch would roqurre dosnup.remova�o�other remodie� `
<br /> ' action under any enwronmenlal/aws Upon the Benehc�ary's request Trusro�w�u peradrea�y prowde errv�ronmdntui assossmenfs or comphanCe
<br /> audrts.and agrees to pe�md environmpntal�nspectrons and teshng o/fhe Trust propely by Ihe Benet�c�ary or�ts agents.at the Tiusror's expense '
<br /> !f fho Tiust Proporry�s usvdlo�resdont�alpurposes.thp pr�cedmg sha�l not apply rorhr�presence.use.or storage on the Trust Property o�smaN �
<br /> quanhbes of Contamm�nts Ihaf aro gonewlly recogmzod to be appropnrtte fo normaires�denGV�uses and fo memtenanco ol tho Tiust Proporty
<br /> 13 Trusto�Not Roloasetl ExtenS�on ol thp hme lor paymOnf or moddiCenon ol arry amonaati0s o/tne��debto�lnes5 g�anted by Benehc�ary to 8ny
<br /> sucevsso��n�nterest ot Gusto�shau not oporcrte to roleaso.�n prry mannor,thp i�abd�yol Trusro�antl Trustor's succassas�n�nfnresf Bene��c�ary
<br /> shttll not be rcqu�red to commonco proCeetl�ngs agmnst Such succOSSOr or reluse roeztond hme fw Dayment o�orhonv�sn moddy amort�zahon of
<br />— fho Indabtvdness by roason o13ny domand mnde by Tiusror And riustors suCCessas m mterQSt
<br />� t4 Finincia�Infurmahon UUon rCqu�S10!BCnCI�Ci�ry. TiuSfOr wdl pro✓�d0�O BBnRhG.9ry�v�thm n�nPN f901 ddy5 0�thP C�OSP Pl B[iCh hSC;il vB��O�
<br />— Los(er.the r.onsohtlated ba�ance s��eet a❑d stntemenf o�eammgs ol Tius�or and.a�ryand ail quarantors ol fhe lnAebtedness secumd h0��by. d any
<br /> � and w�ll prOV�dH and dc�lrver ro Benohcinry such other fmanc�nl in�ermaGOn and�n suchma nne�as Bv�M�c�ary mtty masonabty mQut�st lrom hme to hme
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