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<br /> 98-;��,1��� � '�� ��� .�`���:�.
<br /> against luture monthly insta��m�nls o/Funds.lf the amount oi the funds he/d b/Beneficiary shall not be suH/C�ent to pay taxes,assessments.
<br /> insurance premiums and ground rents as thoy/all due. Tiustor shall pay to 8enelicJery a�ry amount necessary to make up fho ueiiciency wrthin thlrty
<br /> days!rom the date nohce is ma/led by Beneficiary to Tiustor roquest�ng pnyment thereol.Upon payment!n full o�all lndebtedness,Bene:icisry shall
<br /> promptty relund to Tiusfor any Funds held by Beneflclary.It the Tiust Property is sold under the powe�oi sele or the Tiust Property is otherwise
<br /> acqul�ed by Benellclary•,Benellclery shall apply.lmmedlatety prlor to the sa/o d the Tiust Property or Its acqmsition by Beneliciary,erry Funds held —
<br /> I by Benellclary et the tlme of appkceNon as a credit egalnat the Indebtedness.N Bene�lclary executes a wntten walver oi Trustor's obllgatlons unde� _
<br /> thls paregraph 4,Tiusfor carenam�and agrees to pay,trefora the sems become dellnquent,ell texes,assessments,insurance premlums,grounU �
<br /> � rents,end all other chRr�as whalaoever Ievled upon or essessed,placed or mede aga(nst the hust Properry. Tiustor further agrees,upon wNtten _-
<br /> I request by Benellc/ary,tc promply delrver to Benellctary aU rocelpts lor fhe pa�ment ol such cherges.Trustor Ukewlso agrees to pay all taxes, �,
<br /> essn�sments and other cha r ges lev�sd upon or assesssd,placed or made ageinst.or measured 6y,thls Deed of Tiuot or 1he recurdation hereo►.
<br /> I 6 AppNcation of Payments. AI1 payments received by Benellclary as to any debt,6ability or obllgahon aved to Benehcrary by Tiustor may be applied by
<br /> ; Benef/clary to the payment ol the Mdabtedness or to any such other debt fiabiGfy o�obllgallon,in erry order or manne►ol applicaUon which
<br /> ! 8enel/clary,(n!ts absolute discria6on,deems approprlate.Unless othe�wlse electedby Be�eliciary,any such payment shall be deemed applied Ilrst ,_
<br /> " � to Ihv payment o�any debt,liabJ4ry or obUgatlon othei than the Note. -
<br /> � & Charges;Uens.Tiustor will ksep ihe Tiust Property lree!rom all llens and encumbiences which in arry way mny,�rt the�udgment ol Beneficlary,have �
<br /> pilorlty ove�or Impalr fhe secuilryo%Ihis Deed of Trust but Tiustor need not dscharge any such lien so long US Tiustor shall egree,in writmg,[o
<br /> pay the obllgallon secured by suth lien In a manner acceptable to Bene�lclary and shap in good faith contest such lien by approprlate legal
<br /> � proceedings eHective ro prevent me anlorcement of the I�en end the loss ot any intarost In or part of the Tiust Properry ,_._
<br /> I 7. Hazerd lnsurence. Tiustar shell keep the bmWings and other lmprovementS rwx existing or hereaNer arected on the Tiust Properfy msured by !'�j.i�,�,F,�_
<br /> lnsurence canlers satls�actory to BeneliClary egalnst loss by Ilre,hazards IncWdad m the lerm'�axtended coverage"and such other hazards, � ,r.:•..;I�r_--
<br /> aasualtles and contingencles es mey be required by Bene/Iclery,In such amounts and lo�such perlods as may be requlrod by Benellclary. The _ _
<br /> •s.�t,_,
<br /> pollcy o!Insurance shalf be in/arm acceplable to 9ene�lclary,provide that the same may not be canceUed or modifled wlthout llfteen(15)deys pnor _
<br /> wrltten notice to 8ene/klary,and shallhave bss payeble prtw/sions!n favoi d end m form acceptable fo Beneffciery.All promiums on Insurance
<br /> � pollc%s shall be pald In the manner pralded under pa�agreph 4 hereo/o% f/nof pad in such manne�by Tiustor makmg paymont et least liftben(15) '.`t•��
<br /> days prlor to the due data,drecty fo Ine lnaurance car�le►.Deneflclary shall heve the rlghf fo hold the policles and renewals thereof and 7Yus(or ahall -
<br /> " � proneptly lurnlsh to Oenef/clary aAmnCVBJ notrces end ell pa/d p►emn�m rece�Ws�eceivedby�t.In no ovent shell Beneficiary or IYuBteo be held
<br /> � responslble for lnllure to pey m�wance pr�emwma or lor arry loss or demege arlsing out a'a defect In any policy or anamp out ol eny fallure oi a�ry
<br /> � Inaurance company to pay for an/bs8 or damage lnsured ageinst or for lallure by liustor ro eHect thn Insurence reyulred hereunda�!n tho ovent of
<br /> i loss, liustor shall give prompt nonca by mafl to►he Insurance carrier snd Benoflciery.Benel/crary may make proof o�loss d not msde promptty o�in •
<br /> proper form by Tiusta.A//pollclet of msu�ance and eny and all relunds ol unearned premWms aro hereby e8slgned ro 8enef(clery as eddit/onal
<br /> . � securlry for the payment o/lhe /ndebfednes�.In the event o/Beneliclary's exerclse of the powei of sale confained hereln.or In the event ol •.rt-�,.
<br /> foreclosure,al!rlght,title and Interosl ol Tiustor/n and to erry lnsurence pollcy Ihon ln lo�ce shaU pass to the pwchaser at the nustee's sale or
<br /> Jj foreClosure sale.fn case ot eny Iws, the/naurance proceeds may,at the optlon of Beneficlary,be applled by Benefldary upon the fndebtedness,or _
<br /> any part thereo�,and In suth order end amount as Beneilclary may determine:or seld insurance proceeds.at the optlon oi BeneliCiary,may either '•_•
<br /> �_� be used!n replacing or resrodng Iha Tmst Aroperry partlaly oi totally destroyed to a conditlon satislectory to Benellclary;or sald Insurance ���;:-
<br /> �+'f proceeds,or any pon�on thereol,may be reieased ro Tiustor. UNess BenefJclary end Tiuswr othenvlse epree In wrlting,srry such eppllcallon of ��. ��:
<br /> ^. F lnau�ance proceeds aha!/not exrend or postpone the due date o/the Note, or eny Instellments called for therein,or change the amount of suCh i��
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<br /> lnatallmenla.Il the Tlust Propertyls aCqulred by BenellClery pursuant to the arercrse o/the power of sa/e or othe�loreclosure,all rlght.ti8e and �.41-==-- -
<br /> �� � lnterest ot Tiusro�In and to ary imuiance proceeds payable as e result ol damage fo fhe Tiust Property prior to the sele or acqulsltlon shall pass to �``°�'''�,__
<br /> , �— C&nafkfary ar.d�.hs"Cc sr".'!et"�t!^!!'!w���►c an�i arpnnsns ;nc/uding attaney lees,incuned in coNeCfing such proceeds,then!n the manner �±�Y_� _
<br /> and In the order prav7de�hereln. '•--
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<br /> 8. Preservation and Malntenance d Trusr Property.Trusror w0!keep the bulldings and other lmprwements now ar hereaRer erscted on the Tiust "`- - _-.
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<br /> Properry In good repalr and conditlon end wll!not commit or permit waste, wdl not elte�Iho doslgn or snucturAl charecter consUtuting any bullding ����.���
<br /> • now or hereafier erected on andconslduting the Tr�st Proep►ry without the p�w�written consent ol Beneflciary,will not do any act or thing whlCh —
<br /> would unduly lmpa(r or depreclete fhe valus of the Tius►Property and will notabandon the Tiust Properry.Trusto�wlll not remae eny Ilxtures ���,_5:^
<br /> constituHng the Tiust Properry wless Ihe same are Immed/atey replaced wilh tlke propeily subJect to the Ilen and secudry/nterest of this Deed ol ;�,
<br /> '� • Trust end of et least equel velue and uGllty.Tiustor wlll comply with all prese�u andluture ordlnances,regulatlons and requlrements o!any
<br /> � ,. gwemmenta!body whlch are applicaWe to thn 7iust Property and to!ha occupa�cy and use thereot Il thls Deed of 7iust!s on a unit In a �'
<br /> ,, condominlum or e planned unit development Tiustor shall pe�lo►m all of Trus(or's obllgations under lhe declaia►fons or covenant8 creating or �
<br /> �, goveming the condominium or Ihe planned w�lt development,the bylaws end regulallons oi tho condominlum or planned unit devolopment,and the
<br /> . constltuent documents.
<br /> 9. lnspec�lon.Benellclary or da agents mey,at ell reasonable times,enter upon Ihe Tiust Property/or the purpose o/lnspectlon.8eneliciary shall have _�__
<br /> � no duty to make such inspecHon end shell not be 1lable M Ausror or to eny person In possession I!It makes or falls ro make any such lnspecHOn. _____
<br /> + iQ Protectlon ol SecuNty.If Tiusbi fells fo pedorm sny of the covenants and egreements contalned In thls Deed of liust or ll arry acUon or proceeding
<br /> . fs commenced wh/ch does or may adversely aHect tho 1Yust Proporty ci fhe inrerest ol Tiusror or Bene�Idary thereln or the tlde ot Tiustor there% �.�
<br /> then Benellciary,at ifs optan, may peAorm such covenents and agreements.make such eppearences.de�end agalnst 6nd lnvesNgate such ectlon ��
<br /> or proceeding end take such other aGbn as Benallclary deems necessary toprotecf!ts intewst lncluding,but not limlted to,dlqbursement ot _
<br /> c)� reasonab/e attomey lees and enlry upon the Trust Properry ro make repalrs.Any amounts dlsbursed by Beneflclery pwsuant to thls pa►agraph 1Q _
<br /> � with lnterest thereon,sha0 consd�ute Ndebfedness o!1luaror secured by this Deed ol 7iusG Unless Tiustor end Benellcery agree ro other terms of �-
<br /> peyment,such amounts sha11 be payeble upon noUce�rom Beneflclary to Tiustor requesdng payment ther00%and shell beerinterest Irom(he dete __
<br /> ol dlsbursement at the delault refe, If any,set iorth in the Note,or othenvlse at the hlghest rete po►mitted by law Nothing confalned!n thls paregreph _ _
<br /> � sha!!requlre 8enel(ciary to Incur eny expense or taJce airy action hereunde�imstor frrevocabfy autho�lzes and empowers Bene/lclary ro enter upon
<br /> the Tiust Property as riusfa's agent end,ln Trustor's name or otherwke to pedorm any and all covenants and egreements to be per�ormed 6y _
<br />- liustor us hereln provlded.8eneficiary sha11,at!ts optlon,be subrogated to eny encumbrance.Ifen,claim or vemand and to aU rlghts end secuntles _
<br /> lor the payment thereo/pafd or dscherged by Bonellclary under the prov/slons hereo/end any such subrogatfon rlghts shall be edditional and —�z;
<br /> cumulative seCUritylor thls Daedot liusf. ` � ��
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<br /> 11. Condemnatlon.The proceeds o�eiy eward or claim lor damages,dliect or cansequentlal,m connectlon with ery condsmnatlon or other taking o/the •-°a �
<br /> Dust Properry.or any parf Ihereof.or ta conveyance/n iieu of or!n anticipa[Im ol convemnatlon,are ne�eby assigned ro and shall be pald ro
<br /> Beneiklary. Trusror wlll/JIe and prosecute,in good falth and with due dillgence.its clalm f�r arry such aweM or payment,and wil!ceuse the same ro be � �: _,`�„,�-
<br /> collected end pald to Sonelkisry.and,should it lail to do so. 1lustor irrevocebry eumorizes and empowers Beneficlary.1n the name oi Tiusror o� � ,cY ••••`
<br /> olhenvlse,to pIB,prosecutd sank o�compromise arry such claim antl to colled,rocelpt for and retaln the proceeds.fl the Tiust Property is abandoned • ;, :r:�Ci:�: .
<br /> by Tiusro�o�affer notice by Becetrclary ro i�usror that me condemnor olfers W make an awerd or settle e claim for damuyes, 7iusror lalls ro respond ro %%�;,�.yw���:
<br />" Beneficlary within Mnly(30)doy�aKer Ihe date such nohce is matled,8enehcwry is authonzed to collect and appy the proceeds in the manner
<br /> indic»ted hemin. 7he proceeds d sny ewarU or claim may.after deducting ell�easonable costs end expenses,mcluding atromey lees.whlch may have
<br /> - been incurred by Beneflciary in Ne couection thereol,af the sole discrebon ol Benel�crary.be reieased ro Tiusror,epphed fo resrorahon of nust Properry.
<br />_ or applie<i ro rhe paymont d fhe mdebredness. Unfess Beneliciary end Trustor othenv�se agrae in wnting.arry such opp6cation ot proceods ro
<br /> ' Mdebtedness shal/not oxrend apvs�one the due date of the Note or the paymenf o�arry mstellments r.alled lor thereunder.
<br /> 12. Contam/nants.Tiustor wa�rents and represents Met there arv not now,nor,ro Ihe best of Trustor S knowledge alter roeson8ble irneshgahon,have
<br /> there ever boen and,without the frusror obla�nmg Benehc�ary's consent and aN reqursrte permrts und approvals.there wdl nof m the tuture be
<br />-� Contaminants stored.hentlled,a d�sposed o/on the Trust Properry which�tiou/d requ�re cloenup.romoval or othe�remedial action under arry � „
<br /> em��ronmental laws Contam�nams sha�/mean matenels.subs�ancos end compounds proh�brtod or rugulated unde�arry errvuonmontel lyws- Tiusror "'
<br /> ' W,u.mma.r.nr i�nnnH 1hn Rnnalvrarv�n wnNI70 ot nnv fu irnosaaahon.�nauw. cleim a scfion by eny govemmental authonry or other party. �
<br />� � aga�nst tho Tiustor mgardmg nrry envnonmental laws.�nl Confammants on Ihe Trust Property which would requne cieenuA.romoval or otne�remeaiar ( - ---_=----
<br /> acuon untler a�ry env�ronmonte��aws Upon the 8onehanry's request. Tiusta wrll penoditally prov�do envuonmontal assessments o�comp6ance ;
<br /> I audrts.and agrees fu po�ma�mrtonmontal mspocGOns and teshng o�tho Tiust Propo�"y by the Beno%aery or�ts agents.at the Trustor's expense ,
<br />_ � If the Tiust Proporty�s usotl lorrosiden(�el purposes, the pmced�ng shau noi nppty to the presence.uso.ar sroroge on tho Tiust Proporty ol smell '
<br /> ' quanhfies of Contammanl5lhs�aro gonera�ly recognrzpd to be eppropnate lo n�rmul res�donhal uses end fo mamtenanc�o!Iho Tiust Propurty �
<br /> � � i3- Tiustor Not Roloasod Extensronof Iho frme for paymont or modficehon o/any amnrt�zahon ol rno Indebroanoss gronted by Benehaary to a�y
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<br /> successor m mtUroSl of lrusfor sht�ll not operatC to�vloaso. m any mennor,Ine Irabdity ol Tiusror and TiuSfO�'S Succossors in mtorps( 8encthciary
<br /> shall nof bo roqu�rod fo commencc>procoedmgs agemst such succossor or mluse fo ox�end hme fur payment o�otherw�se mo�f�ly amort�zat�on ol
<br /> - fhp Indebtedness by roason pt a�y domand motle by Tiusror and lYustor's sutCessors m mtemst
<br /> 14 Fmctnci�l lnfo�mahnn Upon requusl ol�enet�c�ary. Trusfor wdl piOwAC fo Benehc�ary. �vdh�n rnnety(901 days o�fhe close o�Cach trsr.al year 0� '
<br /> Trusfoc the conso��datod baience shaef and stelement cl oarmngs ol iruslorand any and:d�gua�anrors ol the InAebtednoss Secured hereby.d any. ;
<br /> and wdl prov�do and dc�liva�o Be��lic�ary such orhur lmencial inlorm,ihon,�ndin such rnanner es Aanehaa�y may reasonabty ruquosf from time fo hme
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