|
. � -
<br /> ..... .. _ .. , -... .
<br /> l , �... / - —•---
<br /> � 97- i�i1:3�� � _
<br /> I 4. INBURANCE. Tru�tor, at R��x��ns�,wlll melntaln wfth In�unn npprowd by Bsmflclary,in�urnna wAh r�spect to th� ,
<br /> ' Improv�ments and p�rsonal prop�rty,conatRutinp th�Prop�rty,apainet Io�a by flre,lightning,tornndo,and oth�r p�rlla end hatnrdt •
<br /> j cov�nd by atandard�xtend�d covtreg��ndoreom�nt,In nn amount�qual to at I�nst on�hundnd psrc�nt o}th�tull npinc�ment ►°
<br /> valu�Iher�o}and Ineuranco npeln�t�uch olhsr hnxards and In ouch smounb ee le cuotomarily cniriad by ownere nnd aparatore o}
<br /> elmilnr propsrtl�s or s�B�noficlary may nquin for Its proiactlon.Truetor wlll campy wi2h auch othor roqutromonta ae Bonofici�ry may *
<br /> irom tlms to tlms nqu�st for the protection by Ineurnnco ol ths Int�reete�f th�respective partlee.All Ineurenca policloa matntalned •~
<br /> pureusnt ta thl�D��d o1 Trwt�hatl nam�Truator nnd B�n�flclary A�In�ur�ds,a�thsir nap�ctM�Inten�b mey eppear,and provld� � 'c
<br /> � ihnt th�n�hall b�no canallntbn or modMicntton wRhout no I�n fhan 16 day�prbr wr�t�n nottfleatlon to TrusNe end B�n�ficlary.In �
<br /> � th��wnt any policy honund�r I�not nn�w�d on or b�ton 1 B dqs prlor to it��xplratbn dnt�,Trust�s or Bm�ficlary mey procun =
<br /> , auch Mourenc�In secordnna wRh ths provl�lom of p�r�yr�ph A.E h�rwf.Truttot thall ddiwr to tl�n�tielnry th�orlpinel polkNi af
<br /> Insuranc�and nn�wal�thu�o}or momo copk�o}such poHCb�and nnswah thu�of.Failun to turnleh�uch Insuranc�by Truator, -
<br /> or nn�wale af r�qulnd hanundu�hall,at th�opHon oi B�n�flclary,comtftub n d�tnuk. -
<br /> � 6. TAXEB,A88H88MHNT8 AND CHARQE8.T�wtor�hali pay aA taxo, ataseim�nb and oth�r chnrpn,Insludinp, wAhout
<br /> Ilmitatbn,fin�t and Impo�Wom ettributsbla to lh� Proputy, and Naa�hoid peym�nts or yround nnt�, H any, b�ton tits�am� "
<br /> ' , becom�dvlinqu�nt.Trustor ehall prompty iurnl�h to B�n�Adnry atl notk��of emounte dw und�r thle perngraph,end N th��vent
<br /> Truetor chall mak�paym�nt directy,Truator shell promply tumhh to Bmoflclary ncelpt��vldenclnp such pnymanls. Truator�hnn .-
<br /> Ipny all tax�e nnd an�sam�nU whkh may b�NvNd upon B�n�flclary'�Int�ntt h�rein or upon this D��d oi Trust without rsgard to
<br /> any law that may ba anactad Irnpoclny peymont o1 tho wfioN cr any pnrt thor�of upon the BeneTiciery. *
<br /> 8. ADDITIONAL LIENS AND PRATECTION OF BENEFlCIARY'8 SECURITY.Trustor ahall mak�nll paym�ntt of Int�r��t nnd �
<br /> prfncipal and paym�nts of nny oth�r charp��,f�e�and�xp�n�n oontnct�d to ba pafd to any exlNinp lisn holdero or prbr ,�'-
<br /> ' bsmficierl�o und�r uny ptbr doed ot trust or modpnp�Mkn th�d�t�th�y an d�Wnqumt�nd prompty p�y and d'ncharp�any nnd `�'��
<br /> all other limr,clntmt or chnrgss whkh mey��opardiz�th���curily prant�d h�nin.If Trustor faib to mak�any�uch paym�nt or inll� _. .
<br /> to p�rtorm any of th�cav�nanU and�pn�msnb contaln�d In MN DNd of TruH,or k►an�prbr mortpap�or ds�d of t►u�t,or N nny �__
<br /> ; actbn or procs�dlnq b commmad whkh mat�rinly r}Ncb B�n�fldnry'�Int�ntt In th�Prop�riy, Inciudinp, but not IImH�d to, t � • :_�
<br /> eminent domeln proceedlnpe,o►proc��dings Invohring a d�cvd�nt,or M Tru�tor fnia to pay Ttustor'�debt�p�n�mtty�n th�y b�com� � �. i�•�-�-;=;:.--
<br /> ; due,then B�n�}fc�ary,at B�nsficlsry'�optlon and wNhout notlo�to or d�mand upon Trustot and without rd�nsinp Truetor irom any �, � • `,
<br /> ; oblpadon h�r�und�r, may mak� such app�arnnc��, dqburs� tuch scm� and tak� sueh �ctton a� Fs n�assnry to prot�ct �� ��..� � A��j
<br /> I Bon�Rclery's Int�n�t, Includinp, but not IImR�d to, di�bura�m�nt of nnsonabU aftom�yf�fen, paymtnt, purchas�,cont�tt or � •, °::_�_
<br /> I compromh�of any�ncumbrnncr,chnrp�or Ilen,and�ntry upon th�Prop�rry to mnk�npain.In th��wnt that Trustor�hall lnil to ,�„
<br /> , procur�in�ur�nc�or to pay tax��,na�am�nU,or any oth�r chuper w to mak�any paym�nts to nny sxlstinp pdor Ii�n hoW�n or 'r.:� �,;�,K--
<br /> bsneflcicrN�,B�n�flciary may procun such inaurnnc�snd mak�such paym�nt.Any emounta dlaburo�d by B�nePclnry pununnt to 4 �-
<br /> Ithis Pnreyraph A.8 thaM baeom�addYbnel Indebtsdness ot Trustor s�cund by thh D�sd of Truat. 9uch emounb�hnll b�peyabN � '
<br /> � � upcn notia hom B�nNklnry to Trustor nqw�Hnp paymmt theeol,�nd shail b�ar int�nst hom th�dete o1 di�bun�msnt at th� _ _
<br /> , , � rnto p�ynbN from tim�to Hm�on outetandinp principel und�r th�Nots unNt�pe►ym�nt oi int�n�t�t�ueh r�t�would b�contraey to ,��
<br /> appAcabM law, In which�wnt tuch emounb�huN b�u int�nat at th� hlphs�t rato pemis�ibN und�r appflcahi� law. tVothlnp ''
<br /> I cont�ln�d In thh P�rayreph A.8 shall nquin B�n�fielary to Incur any�xp�ns�or 4ak�nny�ctbn h�nund�r.
<br /> ' __ _� B. IT IS MUTUALLY ACiREED TW►T: � �
<br /> i:: 1. ,
<br /> 1. A83IaNMENT OF REM'9.Dsnsticlnry thnll haw thv�ipht povwr and nulhority dudnp th�eontinunna oithis Owd o}Tn��t : '��_
<br /> to eoM�et th�nnts,ksue�and profM of th�Prnp�rty and of any p�nonRl propfrty beahd th�non with or wfthout tekinp poss�nbn ^�:��;;;�` ,
<br /> of th� prop�rty stt��t�d h�nby,and Tru�tor h�nby abeoluby�nd unconditionaly assipns atl such nnt�, ksws wnd profit�to _
<br /> � B�n�flcfary.8�n�flciary,huw�v�►,h�nby cansmb to th�Trustor'�eoMctbn and nt�ntbn ot such renU.Issues und profit�a th�y �"` ' �;
<br /> aeeru�and Mcom�peyabl��o bnp as Truetor N noL at tuch tim�,in d�teuR wRh n=p�.t to paym�nt ai eny Ind�bt�dnK�a�cund �,�'�•;:, !
<br /> h�nby,or In Ih�peformenc�oi�ny�grNmant h�nund�c Upon any tur�d�fault�B�n�flclery may at any tim�,�ith�r in p�non,by ��
<br /> ag�nt, or by a nahror M b�appolnt�d by a court,without notie�end wRhout npard to th�ad�queey of ony��curity Por th� i
<br /> Ind�btedn�st h�nby t�eurM,(a��nt�r upon end tak�pou�asbn of th�Prop�rty or�ny part th�rwf,�nd In ih own nam�swlur or '• 4
<br /> ' oth�nria coMct�ucfi nnb,istws�nd profits.IncwdMq Ihot�put du�and unp�ld.�nd appy th�wn�,bza ocat��nd atpms�� i�
<br /> • � of op�reHon and colMctbn, fncludinp o�a�onabb attomnn 1�, upon any ind�bt�dn�a s�cund h�nby,en�h such ord�r a� ' ' -
<br /> ,. B�nN{ckry may delsrminr,(b)p�riorm such acb o!npak or pronction��may bs n�ws�ary or prop�r to oon��rvr th�vslw of th� �
<br /> Prope r t y;(e)N�t t�t h��a m�o r e n y p a rt t h�n of/or such nntal,t�rm,and u p on such condkion�a�it�judpm�nt m�y dici�t�or ,�,�-
<br /> e-�` i �-.
<br /> . {� termhet�,or�d�un th�hrm�and condkbn�ot�xMtk►p N��.UnM��Tru�tor u�d B�n�lfdnry th�rrof�yrN o1MrvrN�fn writiny, ��S��r.`"`-
<br /> � any�ppiicntion of nnb,ktu��or profib to any ind�bt�dnss��kund h�nby shaM not�xt�nd a postpcm�th�dw da:�at th� :;��_;`
<br /> ' � tnshMm�nt payment�n provid�d M saM promksory rrot� or chanp� th� amount ot �uch inKR1lm�Ms.The �M�rkp upon and •_=�=-
<br /> t�-�•r �.�
<br /> , ` � tnkk�p pws�ubn o}th�Prop�Ryr,th�coMct}on of�uch nnb,htws and profib,and th�epplkatbn M�nof R�da�sald,shdl nM �;�un ._. _
<br /> { S walw or cun any dstauR or notia ot dsi�tuR h�rwnd�r a Invalidat��ny Rct don�punuent to�uch nolic�.Trurta a1�o nsslpn�to •=-'�'�" --
<br /> .�, �� H�n�Ackry,as furth�r sv.�uriry 1or th�pertorm�nc�oi th�obliyatiom��uad h�nby,�N pnpeid nnh and aN moni��w?�kh may �=�s�:
<br /> ,.,._.,._,.
<br /> �t +,� haw b�m or mny h�naR�r bs d�posk�d wkh uld Tni�ror by any M�se�oi th�Prop�rty,to�scun th�paym�nt of nny rmt or � --'�?�tr�
<br /> '� ° damagoo,w upon defauR M tht p�rfortnnrtc�of eny of th�provhio��hena},Truttor syrMS to d�ilwr�uch t�nG and d�podta to ._..���
<br /> � � B�n�Rclery. Dtlhr�ry ot writt�n notic�of B�n�flciary't�x�rcit�ot th�rfyhU prant�d h�nin,to any t�nant occupylnp oefd pnmbn y;'.�t�•`°°""�+.:r
<br /> �� � ahatl bs wfficlent to nquiro�nid tv�iant to pny nnt to th�B�n�flckry untA turth�r notfo�. �=��-_..___
<br /> � � .•:y,::.-�°,,�
<br /> 2. CONDEMIVATION.Ii titi�to Rny pnrt oi th�Pro{»rry sheN b�tak�n M condrmnaHon procwdinys,by rtyht M�mh�nt domaln .�'•=�,�r .•'°���;`t. ,; �
<br /> or�knfiar ectbn,or shaM M soid und�r thnat of cond�mneHon,�II awudi,damnp��and proe��d�an h�raby astqned�nd ahaN M _ ;�
<br /> pnM to B�mficlary who�heJl nppy�uch awnrd�,damap��nr.d proc��ds to th��um��cund by thb QMd of Ttu�1 with th�ucc�es, , ' `' ��-: }
<br /> H uny, pnid to 7ru�tor.If Tru4tor rK.wlvo�Rny notic�or oth�r informatlon npardlnp wch actbn�or proa�dinp�,Trustor shd piw , •. :v.�
<br /> prampt writt�n notia th�nof to Ben�ficlnry.Ben�fickry ih�p M�ntiG�d,�t it�optbn,W commsnc�,npp�ar In And pro�oeut�in iN „
<br /> own nnm�any�uch ectbn or proc��dinp�end shAll b��ntRi�d to mek�nny compromh�or s�ttNman4 In eonn�cs.ion with any such
<br /> actbn or proce�dingt.
<br /> 3. FIIfURE ADVANCE8.Upan nquost of T►uator.Ben�flciary et Bnneficlary'�optbn,prbr to rsconveyanc�ot th�Prop�rty to
<br /> Trunor,may mak�futun edvenaa to Trustor.3ueh tutura�dvenai,with Intsnet th�non,�hall be�scund by thl�Tnut D��d
<br /> when evldencW by promNsory nobs steting thnt seW not�s an s�aund h�nby;provid�d thnt al no tim�shnll th��ecund principal,
<br /> futur�advnnat,not includlnp sums advane�d to Frotoet th�6�curity,�xcs�d Two Hundr�d p�rant(20096)of th�oriy(nal prineipal
<br /> amounU tseursd h�nby,
<br /> 4. REMEDIEB NOT EXCW3IVE. Trust�� nnd B�n�ficiary, end �ach a}th�m, �heM b� �ntitisd to sntorco paym�nt nnd
<br />_ �• + pettormana of any indebttdness or obilyatbns s�cund h�nby and to�x�rds�aN riphb and powsro und�r thN Da�d of Trurt or
<br /> I und�r eny othsr egrsemsnt sxecutsd in conn�ct}on h�r�wRh or any lar+»now or h�r�nQ�r In fora,notwRhstandinp�om�or�I of th�
<br /> � _
<br /> :J ..,nti w�.hr.dn.e..nd e6linatlnna e�e�nd hn�bv mnv now or hennR�r b�othtrwls�aeund,wh�th�r by mottpnpo,d��d ot tru�t,
<br /> � - . . .--: - -� --_._.------ ----
<br />_ � pkd��,Ibn,a�slpnmsnt or othewla�.N�khsr th�acc�ptana ot thh D��d of Tru�t nor N��nforc�m�nt wh�th�r Dy court adlon or -- -
<br /> punuant to th�pow�r of�ab or oth�r pow�n h�nin e:onteln�d,shaN pryudk»or fn any mnnn�r athct Trust��'t or B�n�ffcinry'�
<br /> _: I rfpht to nnli��upon or enforc�eny oth�r s�curity now or h�t�aR�r h�ld by Trust��or B�n�fielauy,R baing epro�d that Trusu�and .•
<br /> B�n�flclary, nnd eaoh of th�m,shall b��ntitbd to�ntoree thls De�d ot Trust and any oth�r t�curiry now or hor�eR�r h�ld by
<br /> BnnsfiGary or Trust��In such ordar end manno�e�th�y or�Rh�r of th�m mny In th�ir abaoluts dkcnL�on determins.No nm�Ay
<br /> . hsreln conferred upon or rotenrod to Trusts�or Bernficiary b Intendsd to b��xeluslw ot eny oth�r nm�dy h�rsln or by Inw
<br />� proNd�d or psrmftt�d, but each ehall b�eumulatNr nnd shatl b� In ndditlon to�very oth�r nmedy piwn henund�t or now or
<br /> t h�nattsr�xhtiny et law or in squity or by stntut�.Ewry powor or nm�dy prov{d�d htreund�r this D��d of Trust to Ttvst�s or
<br />_ l Ben�fielary or to wh{ch�Rh�r of th�m may b�oth�rwls�mtitNd,mny bo�x�rch�d,concurrentty br Ir.dsp�nd�ntry,trom hm�to time
<br /> nnd a�oR�n n�may be de�m�d�xp�dknt by Trust��or B�n�ficlary and efthor of th�m mey punue Incon�ltt�nt r�rt+�dhs.Nothinp
<br /> hsrein�hall b�constru�d ns prohibitlnp E4s��ficlery hom�e�king e daficfeney judpment a�elnst th�Tru�tor to th��xtont such netbn
<br /> � Is p�rm;tt�d by law.
<br /> 007E11 N�Dnfk� 00764B.W
<br /> � i
<br /> i �
<br /> .' .' '.:rr�ci - - � � --
<br />
|