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<br /> ' agalnst tuturc monthly installments o!Funds.11 the amount o!the Funds held by Benellc�ary shell not De suHicient to pay taxes,assessments.
<br /> i inawence premwms and ground rents as they lal!due.1Yustor ahafl pay to Beneliclary eny amount necessary lo make up the deNc�oncy w�thln thirry
<br /> days fiom tho dete notice is malled by Beneflciary to 7iustor roquesting payment thereo►. Upon paymen►in lull ol all indebtedness,BeneGciary shall _
<br /> ' promptty rolund to liustor any Funds held by Beneflaery. If tho Tiust Properry 13 sold under fhe power ol sale or the Tiust Property�s ofhenv�se _
<br /> ecqulred by Benehciary,Benellclary shall appty,immed�etety pna ro fhe sale ol the Tiust Properfy or ifs acquis�tion by 8enellc�ery,any Funds he/d ',
<br /> � by Boneficiary et ihe tlme ol application as a credit ageinst the Indebtednesa.ll Bonehciary execules a w�itten warver oi Tiustor's obf/gations under u
<br /> thls paragraph 4,Tivator covenants and agrees to pay,before the seme become delinquent,ell tazes,essessments,msurence p�em�ums.ground ,
<br /> I rents,end all other charges whatsoever IevleU upon or assessad,placed or mede agamst the Tiust Properry Tiustor lurther agrees.upon wrltten , �.
<br /> I �equost by BenoflWary.►o promptly deliver to 9eneliaary all recelpts!or the payment ol such cha�ges.Tiustor likmvise agrees ro pey all taxes, _
<br /> assessments end othor chnrges levled upon or assessed.placed or m8de agalnst,or mes8ured by.thls Oeed ol Tiust or the rer.ordal�on hereoi.
<br /> 5 Appllcehon ol Peyments.All payments recoived by Bene/laary es to any debf.Ilabd�ty or abl�gehon owed to Beneliciary by Tiusto►may be epplled by „ _
<br /> � 8enallclAry to fhe payment ol fhe Indebtedness or to eny such other tlBbt.l�abd�ry or obliganon, m any ordei or manno�ol application whrch
<br /> � Benellclary,in�ts absolute discretlon,deems appropriat4.UnlesB othervvlse elected by Beneliciery,arry such payment shall be deemed applied lirst
<br /> ro the payment ol any debt, liability or obllgation ofhe�than fhe Note. ..
<br /> � 8. Cha�ges:Uens.Trustor wil!keep the Tiust Properry Iree Jrom all liens and encumbrances which!n any wey may,�n the/udgment of BeneNCiary,have _
<br /> I prlorlry over,or impair the security o�,thls Deed o►Trust but Trusto►need not discha�ge any suCh lien so long 8s Trustor snall qg�ee,in wnting,to =
<br /> � pay the obhgatlon secured by such lien in a manner acceptable ro Bene/laary and shall!n good fedh contest such Nen by eppropnate legal
<br /> � proceedings eHectiva to prevent the enlorcement ol the Ilen end fhe loss of arry Interest in or paN of the Trust Property ' _, _LL�"
<br /> 7. Hazard fnsu�ence. Tiusror shall keep the butltlings and other lmprovemants now exlsting or horoafter arected ort the Trusr Property insured by ...r��"°"'
<br /> msurance canlers satlsfactary ro Bene/lcJary agalnst fosa by llre,hazards included In the term't�xtended coverage"and such other hazards. ���t'-�-
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<br /> casualtles and conNngencles es may be required by Benellclary,in such amounts and lor such per/ods as may be requ/red by Benellclary. �h@ �lor
<br /> , policy pl lnsuranco shall be in torm acceptebfe to Beneflclary,pravldo that the same may not be cancelled o�modilied wilhout IiReen(15)days p '''"
<br /> wrltten notice to Benefidary,and shall heve loss payable provislons in lavor o/and!n lorm acceptable ro Bene►lcisry.AB premlums on lnsmance —
<br /> pollcles shall be pald in the manner provlded under pa�agreph 4 hereo/o%d not paid�n such manner,by Trusror making payment at/east lilteen(15)
<br /> '�I deys pNOr to the due date,dlrecHy to the Insurence canler.Beneliclary sl�all have the right to hold the policles and renewals thereo/and Trustor shall �. _ ._
<br /> promptly/urnlsh to Beneflclary all renewal notices and all pald premlum recelpts received by it.In no event shali 8dr�aficisry or Tiustee be held
<br /> • ' rosponslbfo for fallure to pay insurence premlums or lor a�ry l�ss or demage arising out o/a defecf In any pol1cy or arising out o/any leilure of eny
<br /> Insurance compeny to pay lor any loss or damage lnsured ega�nst or for lallure by Tiustor to elfect the insuranCe reqwred hereunder.In the event af
<br /> I loss, 7Yustor shall glve prompt notice by mell to the insurance canle�and 8ene/ldary.Beneliciary may make proof oi loss i�not made promptry or in
<br /> proper lorm by Trustot All pollcles of insurance and erry and all refunds of unearned premiums are hereby assigned to Benellclary as additlona!
<br /> ,I secuHry!or the paymont ol the fndebtedness.In the evant o/BeneNciary s exerclse o�the pawer o�sale contalned herein,or!n the event o/
<br /> loreclosure,sU rlght tltle and Interest o/Trustor!n and to arry insurance pollcy then In lo�ce sholi pass fo the purc haser et the trustee's sale o�
<br /> loreclosure sals.In case of any/oss,the insurence proceods may,at fhe option of Benailclary,be applied by Beneflclary upnn fhe Indebtedness,or
<br /> any part thereol,end in such order end amount as Benellcisry may dete�mine;or said lnsurance proceeds,et the optlon o�Beneliciary,may either
<br /> � � be used!n replacing or iestodng the Tiust Property partlalty or totally desboyed to a condltion salisfeclory to Bene�lciary;or sard Ins�uance � :,� --
<br /> proceeds,or srry portlon thereof,may be released to Tiusto� Unless Beneliciary and Trustor otherwlse agreo in writlng,any such appqcation ol ,,,,��
<br /> lnaurence proceeds shall not extend or postpone the due dete ol the Note,or arry instellments celled lor therein.or change the amount o/such '
<br /> lnstallments.If the liust Property is acquimd by 8ene�lclary pursuant to the exercise ol the power ol sale or other torec/osure.all rlght,title and �•�+,
<br /> Interest o/liustor 1n and to any insurance proceeds peyeble as a resuR o/damage to the Tiust Aroperty prlor to the sale or acquisit/on shall pass to �
<br /> � BenellClary and shal!be applled lirst to the costs and expenses,lncluding atromey fees.Incur�d in collecNng such p►oceeds,then!n the manner ,i�''�.
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<br /> - 8nd(n thw nrrfnr nmvlrfnd hnmin "�'�� .'f.r�
<br /> 8. Preservadon and Meintenance ol liust Property. Austo�wlll keep the bulldings end other Improvements now or herealter erectev on the Tluat =,��� `�:
<br /> Property!n good repeir and conditlon and wllf not commit or permlt waste,will not alter the deslgn or structural cha�acter constltut(ng eny bullding ���,
<br /> now or hereaRer erected on and constltuGng the Tiust Proeprty without tho prlor wntten consent ol Qenedclary,w111 not tlo arry act or thing which ��,�
<br /> would unduly impav or depreciate the value o/the iiust Properry and will not ebnndon tho Tiust Property. liustor wDl nor remove.��y Gxtures rr�
<br /> constltuting tho Tiust Proporry un/ess tho samo ere lmmedlstey replaced with Uke property sub�ect ro the Ilen end socu�ity intarest ol th�s Deed o! __-
<br /> Aust end of et least oqunl value and utlllty.Austor wdl comply with all present end future ordlnences.regul�fiona and requlremenla of any z�
<br /> governmental body whlch ero epplicabfe to the TYust Property end to fho oocupnncy end use thereof.1!this Deed o�bust Is on e und!n a �;�.
<br /> condomJnlum or a pJanned umt dovelopment, husto�sheu peAorm en ol liustor's obli�ahons undor the decleretwns or caenants creaUng nr _ X=;
<br /> , governing the condomin�um or the planned unlf developmertt.1he by�aws and rnpulofions of fhc+condominwm or pianned unrt development,and the ��
<br /> consHtuent documents
<br /> 9. fnapectlon.Benel�c/ery or da agents may,et a/l reasonoble t�mes,enror upon tho nust Prope►ry lor tho purpose of�nspectlon.Beneflclary shall heve ^� -
<br /> no dury to make such�nspection and shell not be fiabfe to hustor ur ro any person in possesslon il rt mokos or lalls(o make any such Inepectlon. .,,+�_v_
<br /> 10. Protectlon ol Securlty.!f 7iustor leils to peAorm erry o�the covenants and agreements containe0 in this Deed of liust,or d eny acHon or proceeding _A __
<br /> Is commenced whlch does or may aWersety aHect�he Tiust Properry or the Interast o1lYustor or Beneflciary thereln or the tltle ol Tivator thereto,
<br /> � lhen Beneflclary,at/ts option,mey perform such covenanfs and agreements,make such appearances.de�end ngalnst and�nvestigate suCh actlon h:��
<br /> or proceeding and take such othar action as 8eneflclary deems necessary to protect!ts lnteresf inclutl/ng,but not llmlted to,dfsbursement ot
<br /> reasonable attomey lees and entry upon the Tiust Property to make repairs.Any emounts disbursed by Beneflciory Aursuant to this paragreph tq, E�-_
<br /> � wlth Interest thereon,shall constiwte Indebtedness of Tivato�secured by th(s Deetl ol 7iusf.Unless Trustor and Benef/cary sgree to otner terms o� T --
<br /> payment,such amounts shall be payeble upon noNce Irom Benel/Ciary ro Tiustor requesNng peyment thereof,and shall bear interest lrom the date �--_
<br /> oi disbursement at the deleult rate,i/any,set forth in�he Note,or otherwlse at the hlghest rate permitted by lew.Nothrng contalned In thls parag�eph _., �
<br /> ! shaU requlre BeneNciery to lncur eny expense or take any action hereundec Trustor Irrevocably authodzes and empowers Beneliclary ro enter upon �r_r:_--�.
<br /> the Trust Property as Tiustor's agent and,!n Trustois neme or othenvlse ro perform eny and el/covenants and egreements to be peAormed by ___ _-
<br /> Tiusror as herein provlded.BenellCiary shall,at its optlon,be subrogated ro any encumbrance,iien,claim or demand and to afl�ights and securltles v
<br /> lor the peyment thereol paid or d�scharged by Beneficlery under the provlslons hereol and arry such subrogatlon rlghts shall be additionaf and .
<br /> cumulaHvo secudty lor th(s Deed o/Iiust. A��:i�
<br /> it. Condemnatlon.ihe proceeds ol arry awaM or claim�or damages.direCt or tonsequendal,in connection with any condemnatlon or other teking of tho ...�t „ - �
<br /> Tiust Properry,or amr paR theBOf,or lor conveyanco in Ileu of o�!n anticlpaBon ol condemna�ion,ere he�eby ass�gned ro and sha/l be pald to �'-'r;'.�'�, ' ' ;:.
<br /> 8eneffciary. Tiusror will lile snd prosecute.in gooti feith and wlth due dlllgence,its cleim for erry such awa�d or paymont,ond wl11 cause the Seme to be ;�?��. .t Sa�j�•4-
<br /> collected and paid fo 8onelfciary,nnd,should rt fail ro do so. 7lusror irrevocably euthorizes snd empowers Beneficiary.in the name o/bustor or , .��„v��,y;�•tv.:•-
<br /> othenviso to file.prosecute,sett/e or compromisA any such cfaim and to collect,receipt tor end ratain 1he aroceeds.It the Tiust Proporry 1s abandoned �
<br /> by Tiusror,or,afler notictt by Bono!lciary ro Tiusror that the contfemnor oNers ro make an award or settle e clslm lor dameges. husror iails ro rospond to ��.:Y.
<br />- Beneficlery wlthln thirty(30)days etter the date such not(ce is mailed,Beneficiary!s authorized to collect and appty the proceeds in the manner . ., _,�;y.� ,
<br /> (ndicated herein. The procaeds of arry awa�d o�claim may,efter deductlng all reasonatrlo costs end expenses.including attomey laes,whlch may have � .
<br /> been inCUrred by BenefiCiary m the collechon themof,et the sole disCret/on ol Benel�c(ary.bo released l0 7Yusrot app�ied to restorahon ol T�ust Properry. I
<br /> or applred to the payment o�Ihe Indebtedness.Unless Benel�ciary and Trusror othervv�se agree in wrrtmg.arry such applicuhon of proceeds tn
<br />= Indebtednoss shall not extend or postpone fhe due dato ol(he Note or the paymont o�erry mstellments called for fhoreunder �
<br />� 12. Confaminants.Trustor wananfs pnd represonts that thoro ero not now,not ro rhv best o�husto�s knowledge aRcr��easoneble mvosUgahon,have
<br /> there ever been end,wrthout the liustor obtaming Benehciary's consent and ell requisrte pe�mds and approvols.there will not�n fhe future bo
<br /> Contaminants sromd.handled,or d�sposed ot on the Trust Property which would requ�re cleanup.removal or othcr romedral acnon under arry
<br /> arrv�ronmental laws. Contnmmants shall mean motenels.substances and Compounds proh�bited or rog�lated under arry orrvironmentAl laws. Trusfor
<br /> wdl immediately nohly the 8enelrciary,rn wnUng.ot any.(q mvestigahon,inquiry.cla�m or act�on by any governmenfuf authonty or other psrty.
<br /> noainst tho Tiustar rooardma env ermronmental faws.(ul Contamrnants on the Tiust Property which would requ��e cleanup.+emoval or other remediel
<br /> ! acdon under any ern�ronmenfaf laws.Upcn the Benefrciary's�equest Trustor will penodie&Ily provide ern�ronmenrai assessmvni�v�wr�,N��a��ea , -- -_-- -
<br /> audrts:and agrees to permrt envuonmentel mspections and toshng o/the Trusf Property by the Sonehc�ary or ds agents,at the Trustar's expnnso �
<br /> � ll the Tiust Property is used tor ms�denho/purposes.the procedmg shall nof appty to the prosenco.uso.or storage on tho Tiust Property ol Smell �
<br /> ' � quanfdies o/Contertunants that are gene�elly recogmzod to be appropnete to normal rvs�dOnhal uses and to mamfnnanco of the Trust Propnrty. I
<br /> 13 Tiustor Not Released extensian of tho bme for paymenf or modil�cafion of�ny amort�zahon of fhe lntivbtodn�ss g�an(ed by 8onetiaary fo any
<br />— successo�m mferns(of Trusfor shall not oporate to re/QasQ. m any mannet tho I�abi6ty of Trustor and Trustors successors in mteresf 8enehciary �
<br /> ' shall not be roqu�rod to commonco proceedmgs agams�such successur or refuse fo oxfend t�me lor payment or othprw�se motldy amort�zahon ol �
<br /> the Indebtodness by roason o/any domand mado by Tiustor anA Tiustor's successo�s�n�ntorost '
<br />_ I4 Financ�al lnfo�mahon Upon request ol BeneGuary. Trusfor wdl provide to 8enehciary. wrthm nmBty(90)days v�thp c/ose ol ench hsr,al yea�o! i
<br /> Trus�ur, the consohdofoU balance shevt and sfatement of parnmgs cl Tiustor and any;tnd nn guaran�ors o��he/ndebtedness secumd hereby.d any. I
<br /> und wdl prowtle Hnd dehvp�fo 8onehc�ary such ofhor hnanc�al mformahon anA m such mvnner as Benehuary mny reasonr�bly roquost from�ime ro hmo
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