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<br /> ,� • � �Vf�r��i� � �_—:-.--_ ,..
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<br /> ; I„ IJntwiihstanding any of the language contained�n this Decd of Ttust co the cunuary,che terms of this setUon slia►l ` ' �` .�-��
<br /> survive any fomiosorc or satisfacdon of this Deed of Tn�st regardless of any passsge of�itle to Eeueficiary or any -__
<br /> dispasirion by Beaeficiary of any or all of the PropectY- Auy claims and defenses so the caut�•ry aze kzrxhy uaived. -, : `;:.�,t.
<br /> 20.CONDENIIdATION.Tttistor will givc Btneficiacy prompt notice of any action, real or threatrned, by privace oz puDlic � : ` _ `
<br /> ' encicies to purchase or take any or all of the Propecty, iasludiag any easciuents. �hrough cond�mnation,einineat doin3in. { __
<br /> ' ; or any othtr meazis. Ttustor furcher ngcees t�twti�'g�eficiary of any procad►nbs lnstituted for tlie establishmen�t oo fi `
<br /> ' sewer,water. conservation,diuh, dwinsige, or othet disatu relating to or binding upoa tAe Property or any p ;`
<br /> Truswr auil�orizes Beaeficiary to imervena in Trus�or's name in any of the above descrs'bed actions or claims and to co►trc:� �`
<br /> 1 aud receive all sums resultiug hum the action or ciaim.Tnutor asstgtu to Beacficiary thc p�oeeeds of any awaxd SLa���L .
<br /> . ; for dasmg�cons�eeeed with a coademnation or other taking of all or any part uf the Properry. Sucli Proce�' i - , �--- . - __.
<br />• '� considered payments azsd will be applied as provided in[his Deed of 7ruse.Th;s assignt►�nc of proceeds is sub3exc w the `.j
<br /> � F �;.
<br /> tc�ns of any prior securlcy agrecrnmt_ � , _
<br /> 21_INSURa1�ICE.Tnuwr agrees co rnaintain insur�ncc as folloWs: E ' _
<br /> � �i�:.
<br /> � A. 'Ituscor shall kap the Properry insuced againsc loss by f re,thcft and other ha�ards and risks rcasonably associazed � . . , .
<br /> � with ttse Property dne to ics type and locarioa.Other hanrds and rusks maY ia�lude,for racampie,covecage agais�sc , . ,. �
<br /> loss due to floods or 8noding. Tbis insurance sha11 be mainuvned ia �he am°wus a°d far the periods �hat � 4�.
<br /> r
<br /> . g��fr�-�azy r��,. 'fhe insurance cazrier providiag the iasuraace shall be chosen by Tnutor subjzc► eo � , - . �;�.�_
<br /> Beneflciary's apProval, which shall noi be unreasnna.bly witbheld. If Tmstor fails ta ma�ntain the covecage �' ,: ..?,_:
<br /> desaiUed a6ove. Beaeficiary maY. at Beaeficiary's opuon, obcain coverage to protect Bc�efiriary's rights in ihe _��
<br /> ;.� Propecty aceording to the tem�s of this Deed of Tnut. . '-*�:'=���
<br /> •_ ��,_
<br /> � Ail insutence poliaes and teaswals shall be acceptahl� to BeneSciary and shall includc a staadard 'mongago ' �*�
<br /> i clausc" and. aheie applicabte. °b�ntfrciatY lass pagse clause.° Tnutor shall immediately notify Beueflciary of Y�,_ -
<br /> caactllation or tcrminanon of the insuranu. Hmefi�aay shaU have[he right to hold thc policics and reriewals. If _-��:�;�
<br /> � $enegeiacy Icquir�s, '�Stor shali imanediately give �o Beneficiaiy all ceceip�s of paid premiums ai►d crnewal , ,
<br /> cia y
<br /> • " ; nvtices.Upon loss.T�usior shall give immecliate noticx co the insurane.e�rritr ar►d Beueficwry. BeaeSciary may . '.:,-�?_�_. .=_—
<br /> � make ptoof of loss if noc made unmediately by Ttustor_ � . .i.
<br /> , '�i-���.
<br /> Unless Beneficiary and Tnutor othecwise agree in wridn�, iasurance Psoceeds shall bC ap 1'ted �s sa�i�iitd0s oc �
<br /> _. repalr of tlne Propecty damaged if the restoradon or repair�s uono��y�sibl S an��o�'be l�ed, � , . . :;, }_ —
<br /> ' 1esstard• If�he�staradon or crpair is not econos�cally feas�ble �Y �d�T�or. , _ _
<br /> insurance precoals shaU be appiied to ihe Seaued Debt,��+h�ther or not theu dne,wi��Y��P :'.-��,
<br /> � If Truswr abandoas the PropertY. or does not answer witl�in 30 days a notice froa�Beneficiary that the iasuran� .. � <'�k - -
<br /> carrier ha�s offeced co se[de a daim.then Beneficlary may colloct the insorance pcoceeds. BeneflciarY maY
<br /> • • ��k. =':
<br /> m
<br /> ' proceeds to repair or restore the Proper[y or to pay thc Secured Debt whether or not thea due.The 30-daY period _---a; `=,l�{�.'�
<br /> �� will begin wha►�he no(ice is g,iven. ` `;� '''� �
<br /> th
<br /> In Wricin as► a liuwtion of roceeds to principal sliatl not cxtend �:;..:,. -� "'�- =--
<br /> Unlr.ss BeneRciary and Trustor othecwis�agree S• Y PP p u.If thc Prop�►Y is acquired `, .� �
<br /> • or poscpone[he due datt of scheduled paymenu or change the amount of the ayme�► —
<br /> hy Beaeficiary.'Crustor's ar,hi to any insurarice policies and proceeds resulting fr+am damage to the Properry befoce .�'�-� ; .�s �. :.�
<br /> - -� ihc acqaisition shall pass[o Bensficiary to the extent of the Secured Dcbt immediately before�he acqnisltion. -
<br /> 4^.t_ �1 .'
<br /> ' B. T�uscor agrees[o maintain comPrehensive generalliability insurance uaming Beueficiary as an additiona!iasured in •.}',�. , �� ;,
<br /> �i�� �--�_"
<br /> an amoune aceeptable to Benefic3acy.insur►ng against claims arising from any accid�nt or aaua�na in ot on the .:•,^: .. �.�
<br /> Property : "��
<br /> � G T r u s t o r a g ras to ma3ntain rental toss or busin�s lnterrop t�oa I n s�s a n e e.a s r e q u i r e d b y B e a e f i c i a r Y.in an amonnt . ' _r__.,' . •
<br /> • equal to at lease coverage of one year's d e bt s e r v ice. a u d r e q u i r e d e s c r o w a a o u n t d e p o s i t s(i f a g rrxd to s e patatel Y . , • •..
<br /> ��.-..��_
<br /> , • ln wrlting),under a form of policy acceptabiC co BeneBciary. . '' '
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<br /> � 2Z.NO ESCROW FOR TAXFS AND INS[7RAIVCE_Unless otheiwise provided in a separattl a�eetn�nt.T:ustor will not �,.w_� _
<br /> " ' ba required to pay w Benefieiary lhads for taxes and insuranu ia escro+�v.
<br /> • 23.FINANCInI.RBPORTS A1W ADDri70IdAL DOC[JM�.'NTS.TrusTN�iwartants�that�allf fina cial scate�ments and _. - ':`�-���-
<br /> . financial statement or informatlon Benefcciary may deem neceasary. . �{y�'�.'- •=-
<br /> �:-*AS�:R�'��" _, Y.
<br /> iniomnarion Trustor provides co Beneficlary are, or will ba, accucate. cone�t. a�►c� wmptete. Tnucor agre�v to siSn• :,.::�!_�,.__�
<br /> del'rvez, and$le as Eeneficiary maY teasonably nquest any.a d d i d o n a l d o c u m e n u o r ce n 3 f tcatfons that Beneficiary tnay _ ..�.�,y:,.; ._—
<br /> m
<br /> consider neassary to perfeu,continue. and pzeserve Ttustoi s obligations under thls Doal of Tnut au3d Beneflciary's lien ,�,�;--���.:; .,�r� �
<br /> � � staws on the Propeccy. If Trustor fails to do so. BeneSciary may s1�n.deliver,and file such documents or cenificans in , ._= � �.
<br /> • Tmstor's name and Tructa*hereby iccevoeably appoints B�nefitiary or Bene6ciary's agant as attorneyr in fati to do the _ - _
<br /> �hings necessary to eamply wic}s�his section. - . .
<br /> 2q,JpA�1T AND 1NDNIQIJAY.LIAI31LlTY;CO-SYGIV�RS;SITCCESSORS AND d►SSIC.NS BOUND.A1l dutirs under : � - .
<br /> thls Deed af Tcust aie joint and individual. if Ttustor signs this Deed oY'fnut but dces��e���� Debt anfl Trustor � � _
<br /> Tcustor does so onty co mor[gage Trustor's interest in the Propv�ty w sewte PaYm�°, � to this Dee�of ' � - �
<br /> does not agree to be personally liabltl on the Sxured Debt_Trustor agrees�hat Benefictary and any p Y .
<br /> Trust may excend. modify or make any change in che cecros of this Deed of Trust or the Evidence of Debt without
<br /> Trustor's consent.Such a changc wiil noi release 7nutor from the terms of this Deed of Tcust.The duties and benefits of =
<br />. � [his Dced of Tnuc shall bind and bene8t the suc�xssors and a5signs af Tcustor and Beneffciary. � • , . i
<br /> it this Deed of Truse secuces a guaranty between&neficiary and Truseor and dars not directly secure the obligatlon whid� ' • � —
<br /> Trusto ar aaq party ndeb d nder ihe bligaf lon nciud�gPbut notBimitlyd to an 1 defic enc$}r or one-actioa,awazs�. ag� . , __
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<br /> 25.APPLICABLE LAW; SLV�+ItABiI,l'IY; IN'TERPRE'�aT10N. This Deed �f Tnut is governed by tha laws of Q�c �
<br /> • jurisdiction in which Beneficiary is loraied, except ta the extent ofherwise requlred by the laws of tl�e jurisAietion wherc •
<br /> • ttie Propeny is located.'lhis Deed of Tcust is wmplete and fully in�egated.'fhfs Deed of Trnsc mny not 6c amended or
<br /> modifia!by oral ag�eement. Any seetion or clause in this Deed of Trust, attactiments, or any agre�*nent related to+he � _
<br /> Secured Debt chat conflicu with applicable law wili noi be efftctivr, unless that taw expcessly or impliedly permits chc
<br /> vartatlons by w�inen agreement. If aay see:tion or clause of�his Deed of Trust camiot bc enfotseG according to its terms, � _
<br />' that section or clause will ba severed and will not affrc� tLe enforcr„zbiliry oP ihe remainder of ehis Deed of Trust.
<br /> ' VVhencver used,the singular shall instude the plutal and the plural tha singular.The captions and headings of the sections . . � �
<br /> � , of chis Deed of Trus�are fur wnvenience o�ily anJ aze noc ro be used to interpre[or dc6ne the terms of chis Decd of Trust. I.� , . _�
<br /> 1'ime is of the essence!n this Deed of?rust. yuqe 50l 6 ,
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