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<br /> All of the rents, issues and profits, including all re�ts, royalties,
<br /> bonuses and benefits under any existing or future oil, gas or mineral or
<br /> other leases; all easements and rights of way; all rights of homestead
<br /> and homestead exemption and any surviving spouse' s marital or distribu-
<br /> tive share, and all other contingent rights in and to said premises; and
<br /> All fixtures, improvements, buildings, and the plumbing, heating,
<br /> ventilating and lighting systems and equipment therein, all of which
<br /> shall be construed and considered as affixed to and part of the real
<br /> estate .
<br /> All of the foregoing estate, property and interest hereby conveyed to the
<br /> said Trustee is hereinafter collectively referred to as the "Property. "
<br /> TO HAVE AND TO HOLD the same unto the said Trustee, Trustee' s successors
<br /> and assigns forever, IN TRUST HOWEVER and WITH POWER OF SALE hereby expressly
<br /> granted unto the said Trustee, Trustee' s successors, and assigns for the
<br /> purpose of securing:
<br /> (a) The payment of Trustor' s just indebtedness to Beneficiary in the
<br /> principal sum of Forty-five Thousand Dollars ($45, 000 . 00) for money borrowed,
<br /> with interest thereon, all as evidenced by and in strict accordance with the
<br /> terms of that certain promissory note hereinafter called the "Note" , bearing
<br /> even date herewith made payable to the order of Beneficiary, executed by
<br /> Raymond C. George and Marguerite D. George, husband and wife, and providing
<br /> for the payment of said indebtedness in installments, subject to acceleration
<br /> of maturity on default in the payment of any installment of principal or
<br /> interest or in the performance of any covenant, agreement or warranty
<br /> contained in this Deed of Trust;
<br /> (b) The performance of each agreement, covenant and warranty of Trustor
<br /> herein contained or set forth in the Note or any agreement or instrument
<br /> executed by Trustor in connection with the indebtedness hereby secured; and
<br /> (c) The payment of any sum or sums of money with interest thereon which
<br /> may be hereafter paid or advanced under the terms of this Deed of Trust .
<br /> NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, Trustor
<br /> does for Trustor and for Trustor' s heirs, representatives, vendees,
<br /> successors and assigns, the owners of said Property, hereby expressly
<br /> covenant, agree and warrant to and with the Trustee and Beneficiary, and
<br /> their successors, vendees and assigns :
<br /> First : That the Trustor hereby covenants and agrees, to the extent
<br /> permitted by law, as follows : (a) to pay promptly when due the principal and
<br /> interest and other sums of money provided for in the Note and in this Deed of
<br /> Trust; (b) to promptly pay before delinquency all taxes, assessments and
<br /> other charges imposed by law upon the Property, the Trustor' s interest
<br /> therein, or upon this Deed of Trust or the Note; provided, however, that in
<br /> the event of any change of the law providing for the taxation of deeds of
<br /> trust or debts thereby secured so as to affect this Deed of Trust, the entire
<br /> indebtedness secured hereby shall at the option of the Beneficiary become due
<br /> and payable; (c) to keep the above-described Property and the improvements
<br /> thereon in good condition and repair and not to commit or suffer waste
<br /> thereof, and except as authorized in any schedule annexed hereto and forming
<br /> a part hereof; (d) to maintain and deliver to Beneficiary policies of
<br /> insurance against such hazards on the buildings and improvements now or
<br /> hereafter located on or constituting a part of the Property as the Beneficia-
<br /> ry shall require, in such companies and amounts and with such loss payable
<br /> clauses as shall be satisfactory to the Beneficiary; that in the event of
<br /> loss, Beneficiary is expressly authorizPd tc settle or compromise claims
<br /> under said policies and the proceeds thereof shall be paid to the Beneficiary
<br /> who may apply the same or any part thereof on the indebtedness secured hereby
<br /> or toward the reconstruction or repair of said buildings and improvements or
<br /> release same to the Trustor; (e) to pay any lien, claim or charge against the
<br /> Property which might take precedence over the lien hereof; (f) to pay on
<br /> demand all legal expenses, title searches, appraisal or attorneys' fees
<br /> reasonably incurred or paid by Beneficiary to collect the Note or foreclose
<br /> or protect the lien of this Deed of Trust; (g) that in the event Trustor
<br /> shall fail to comply with the provisions of (a) through (f) above, the
<br /> Beneficiary may expend such funds and take such action as is necessary to
<br /> remedy such failure and all sums paid by the Beneficiary pursuant hereto with
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