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<br /> :� ; L. Notwithstanding anY of the language contained in this Deed of Tn�st w the contrary.the terms af th�s secuon s6a11 � - .
<br /> . � • ,= � disposidon by Eenef ciary of any o all of the Propetty.A�ny la ms1 and defe sesa ta the contrary az�e hereby�xaa� ;` - .- _.
<br /> . , � rivate or ublic k . . ` • • � ,
<br /> � 2ti.COIVDEM1vATION.Trustor vrill give Beneficiary prompt notice of any action,teal or threateaed.bY P P � .. � .. ,..
<br /> _ auities to purchase or take any or all of the PropenY,includ'mg any easements.thiough condemnation,eminent doaoain, � • ��,'.. :`
<br /> ,• ruceedings instituted for the establishment of any �`� `':_
<br /> . or any other means.Tmstor fiuther agrees to notify Beneficiary of any p
<br /> . . searer, water,conservaiion,ditch,dtaina8e,or other disuict ielating to or binding upoa the Propaty or any part of it. L-
<br /> � . - ' Trustor's name in an of the above descn'bed actions or claims and w collect � �`. .-. `.. .
<br /> . . - ' + Trustor anthorizes B�eficiary to umervene m Y
<br /> --��=; on ar cl�'uN.`�6stur assiSns to Beneficiary the proceeds of any award ar claim _ __
<br /> - _� and receive alI s�s res�il6p$'frara�t — - � -- -
<br /> � .. . ; -.. for damages conne�l wit�a a?D �oi��eir ofhet taPcing of all or any parc of the Property. Such proceeds shall be .
<br /> � considered payments and willb�pltedas P�+ovided'nf ffiis Deed of Trast.This assigament of procceds is subject to the : ,
<br /> � �, � tera�s of any prior securitY agr��• . : .
<br /> � .� ,}
<br /> � ' ' ZY.INSURANCE.Tnistor agrees to mvntain insurance as follows: �,�:-:-'.r -
<br /> � .` � A. Tn�.stor shall keep the ProPertY �nsured ag��loss by fire,theft and other hazards and risks reasonably associated
<br /> � ' �- with the property due w its type and location.Oiher I�azards and nisks may include,for e�cample.ooverage against �`:` �;-_
<br /> toss dne w floods or floodiag. "I1�is ins�nce sha11 be mamtained in t�e am°w�s and for the periods that ---
<br /> � . � . Beneficiary recluires. The insuiaace carrier provid'mg the insurance shall be chosea by Tn�swr subject w -�:,,�::.rt':
<br /> Seneficiary's approval, wldch shall not be unreasonably withheld. If Tsustor fails to maintain the coverage '. .,;�.,.:........--___
<br /> ' descn'bed above.Beneficiary tnay,at Beneficiary's option,obtain coverage w pmtect Beneficiary's rtghts in the _ ___ _
<br /> , � . , �; propeity aceord'mg w the temms of this Deed of Ttust. .
<br /> � � ' " All insarance policies and t�+earals shall be acceptable to Beneficiary aud shall include a standard "mortBage `.�, --
<br /> .s�':'; ` • clause" and, where aPPlicable, "beneficiary loss payee clause." Tmstor shaU immediately notify Beaeficiary of __:_
<br /> on o f t he ins�uance.B�e f i c i a r Y s 1�a i 1 h a v e t h e ri g h t t o h o l d t h e p o l i c i e s and nenewals. If :` : '_ ��
<br /> : _�,� cancellation or te�minatt ;.,,.t,ell;arp ve to Beneficiary all reeeipts of paid pnemiums and renewal • ` �:—=
<br /> Beneficiary requires, Trustor shall rY � �:;.'•�.
<br /> ve immediate notice to the insurance carrier and Beneficiary. Beaeficiarl+�Y =�"."�'�
<br /> � . ? IIotices.UpuII loss,TTUS[o[shall gi ..+`"r.
<br /> , _ . `,�.� ; �a�e pr�of of loss if not made immediately by Trastor. . .���.
<br /> � shall be lied to rescotatioa or '�'. t��.;�*.`
<br /> . • Uniess Beneficiary anc�'�s�r otherwise agr�m ��g, �� proceeds app ati .
<br /> 1SIIOt 2.:,.:__.;1�"�';:-'�ih�
<br /> . • :. repair of the Property daznaged if the reswration ar repais is economie�lly feasible and Beneficiary's security . '"'-- --
<br /> wouid be tessened,th8 -f W����,
<br /> 1�¢ned. If the restoration or repair is not economically feasibte or Beneficiary's seQUity ''�
<br /> ' insu�an�e pioceeds shall be applied to the Secuied Debt,whether or aot then due,with aay excess Paid w Tn�s�r• � �,: r
<br /> . , If Trnstor abaadons the Property,or does not answer witb�m 3U days a not�ce from Beneficiary that dr�ins�uanoe , : %�;�
<br /> ' •,, ',;�; -
<br /> � cazrier h a s o f fe r o d t o s e a l e a c l a i m,t h e a B e n e fi c i a r y ma y collect the sn�ance PrO�•B�e&ciary�y ena d �v
<br /> . � . proceeds to repair or restore the Property or to pay the Seaued Debt wh�her or not then due.'E'he 30-day p . ' !"_��
<br /> . will begin when the notice is given. � ` =��
<br /> ' lication of roceeds to principal sha11 not extend . ,�,��s'
<br /> Unless Beneficiu5+and Tn�cor otherwise agree ia wriang,anY aPP� p ;'�-
<br /> or postpoae the due date of scheduled payments or change the amouut of the paymeau. If the Propecty is accluired - ,:�..
<br />� .. `_ by Beneficiary,Tnuwr's right to any insurance policies and proceeds tesultinS trora damage to the Pcoperty before . : -�.
<br /> � the asquisiuon shalt pass to Beneficiary to the eatent of the Secured Debt unmediately before the acquisiuon. , : �� :J';,�,::
<br /> B. Trustor agrees to maintain comprehensive general liability ins�rance naming Beneficiary as an additional insured in - ;,�:,,.
<br /> ' an amoum acceptable ta Beneficiary. insuriaS against cla�ms arising froa�any accident or occurrence in ar on the ; ';,��,,,�
<br /> �pe�. � �..�
<br /> � � C. Tmstor agrees to maintaia reatal loss or business interruprion insurance,as recluired by Beneficiary,in an amouat . ' '.��'
<br /> � .° �� e q u a l to a t l e a s t c o v e r a g e o f o n e y e a r's debt service,aud r e q uired escrow ascouat deposita(if agreed to separately ;
<br /> .. �:�-'
<br /> � • in writinp�.under a forin of policy acceptabie to Beneficiary. . � `�^
<br />- therwise rovided is� a separate agreement,Tnutor will not . •.:,��
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<br /> be required to pay to Beneficiary funds for taxes and insurance in escrow. . ... _ .
<br /> � 23.FINANCIAL REYORTS ANID ADDT1'IONAL DOCtJMENTS•Tnutor wiU provtde to Beaeficiary upon request. any .• . � '
<br /> � � � t'inancial statement or informatioa Beneficiary may deem necessary. Trustor warrants that sU finaacial statements and .
<br /> ` ' . ' . information Tnistor provides w Beneficiary are,or will be. accurate, correct, and wmPlete. Tnutor agrec,s to sign, ., ;:
<br /> � .. deliver, and file as Beaeficiary may reasonably request any additional documents or cerKfications that Benefieiary may , ;�,,;'
<br /> • �� wnsider necessary to perfect. continue,and preserve Trustor's obli�ations under this Deed of Trast and Beneficiary's lien . ,
<br /> ' � sta[us on the Property.lf Tn�stor fails to do so, Beneficiary may sign,deliver.and file such documents or cectiflcates in
<br /> Trustor's nune and Trustor hereby iaevocably appoints Beneficiary or Beneficiary's agent as attomey in fact to do the
<br /> things necessary to compty with this section. . ., ,
<br /> � , ?A.JOINT AND 1NDIVNUAL LIABILITY; C�SSIGNERS;SUCCESSORS AND ASSIGNS BOiJND.A11 duties under : � :
<br /> � this Deed of Trust aze joint and individual. If Tmstor signs this Deed of Trust but does not sign the Evidence of Debt. . ;
<br /> r
<br /> Truswr does so only to mortgage Trustor's interest in the Property to secure payment of the Secnred Debi and Trnstor
<br /> doea not agree to be personally 1lable on the Secured Debt.Trustor agrees that Beneficiary and any pany to this Dced of : _
<br /> � Trust may extend, modify or make any change in the tem�s of this Deed of Trust or the Evidence of Debt without '
<br /> • Trustor s wnsene. Such a change will not release Tmstor frora the terms of this Deed of Trust.The duties and benefits of
<br /> • . l this Deed of Trust shall bind and benefit the successors and assigns of Trustor and Beneficiary. . :
<br /> � , � lf this Deed of Tn�st secures a guaranty 6etween Beneficiary and Trustor and does not dlrecily secure the obligation which ,
<br /> � • is guarantied, Trustor agtees to waive any rights that may prevent Beneficiary from brin�ing any action or claim against
<br /> ' . � Trustor or any party indebted nnder the obligation including,but not limited to.anti-deficiency or one-acdon laws. ,
<br /> � Z5.AP'PLICABLE LAW; SEVERABH�.ITY+ W7'ERPPtETATION. This Deed of Trust is govemed by the laws of the ; •
<br /> - • � �� jurisdiction in which Beaeficiary is _ecated. except to the extent otherwise required by the laws of the jurisdiction where �
<br /> + the Property is located. T6is Deed of Trust is wmplete and Polly integrated.This Deed of Trust may not be amended or
<br /> � modlfied by oral agreer:lent. Any section or clacse in this Deed of Trust. attachments. or any agreement mlated to the �
<br /> � � Secured Debt that conflicts with applicable law Gitl not be effective,unless that!aw expressly or impliedly permits the
<br /> � � variaticns by written agreement•1f anY seetion or clause of this Deed of Ttust cannot be enforced according to its temis.
<br /> , ' ' that ser.�on or clause will be sever�°d and will not affect the enforceabiliry of the remainder of this Deed of Trust. t
<br /> � � ' � Whenever used,the singular shall ir.clude the plural and the pl;::al the singular. The captions and headings of the sections { .
<br /> � of this Dexd of Tmst are for convenience only and are not to be nsed to interpret or define the tertnspf tt�De�il Of Trust. �
<br />- Time is of the essence in this Deed of Trust. nugo 5 0�s
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