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<br /> l ,^ � — ,. [l,�e_�nd Preserva� .a� o� Proper�y„i: Trustors shall use the
<br />�-=�=
<br />,_..,:�_ premises for farming, livestock ranching and for lawful purposes
<br />—`��=�"'�� only; shall not a�ubstantially change the Property, all�w the _
<br /> � • Proporty to �io�eriorate, or commit or permit waste. Trustors shall __
<br /> -�'�•'��_n•'�� comply with all laws and regulations appli.cable ta the use of. the
<br /> Y-..�;;:�•;; Property, and shal� main�ain �he inprovements there�n in good -
<br />=""'t" repair.
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<br />- .�,,,�, 6. �i,,,�licati�n af Payments: All paymQnts received by
<br /> _'�� Beneficiary under the Note and this Trust Deed shall be applied
<br /> T�� first to reimburse advancement� made t y Beneficiary for protectia�n
<br /> -----= of trust property, second to intQrest, and the balance to
<br /> _--_-= principal.
<br />-_���t.=i�� 7. insp�ction,: Beneficiary or Beizeficiary's agents may malc�
<br /> --=_= reasonable entries on the Property for purposes of inspection.
<br />__.ti n:i�w��
<br /> yT� 8. Forhearance Not Wa�iver: Failure by Bene`�.ciary to
<br /> �--- exercise any right or remedy available under �his Trust Deed or thc
<br /> Note on any one default shall not waive or preclude the exercise o�
<br /> any right or remedy on the event of any subsequen� default.
<br /> 9. Eminent IZo ai : Sho::ld the �roperty or any part ichereof •
<br /> or interest therein be taken ox damagea by reason of any Laiciny i�y
<br /> r�ght of eminent domain, condemnation proceeding, or in any other
<br /> manner, including a deed in lieu of condemnation, or should
<br /> • Trus�ors rec�eid� any noti.ce or any other information t•egarding such
<br /> proceeding, Trustors shall givs promp� written notice thereof to
<br /> Benefic3�rry. ThQ parti�s shall reach r�utual agreement as to th�
<br /> receipt of any compensation, award, or other payments or relie�
<br /> granted with r�spect to exercise of eminent domain, with an;,�
<br /> amourets which Benef iciary m3y receive to be applied on the u�npa�.Q1
<br /> principal balance c�f the Note in the inverse order of maturity,
<br /> without any reduction in the amour.t of principal and intezest
<br /> paymsn�s.
<br /> 10. insuzance : To keep the Property insured against d:at�.�c�c�
<br /> by fire, and hazards included within the term ��extended coveral�"'
<br /> in an amount and with compani�s acceptab�� to Beneficiary, and wi.th
<br /> loss pa��ble to the Beneficiary. Tn the event of a par.tial loss to
<br /> the Property, the insurance proceeds may be used to restore the
<br /> Propezty if Trustors and Beneficiary so agree. Proof o�� insurance
<br /> shall be delivered to Beneficiary annually. Any policy sh�ll
<br /> pXOhib3t cancellation by insurer without 30 days written notice
<br /> from insurer to Beneficiaxy and Trustee.
<br /> � li. Successar Trustee: ��nefici.iry, at Beneficiary's option,
<br /> __ may from tirne to time appoint a succossor Trustee by filing for
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