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<br />, _� legal power and[awfut authority to execute this Trust Deed;and Trustora wanant and will defend
<br /> title to che Property against the lawfu� claims of e�ll persons.
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<br /> � Trustors and Beneficia�y covenant end agree as follows:
<br />.Y�s�,: � �.
<br />��'�'~• 1. �ment of Note. Trustors shall promptly pay when due the pdn�ipal of and interest on the
<br />''�� debt evidenced by the Trust Deed and Note of even date herewith,the last installment of which is
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<br />-�_,; due April l,2004, togeiher with all sums advanced by Beneficiary to protect the propeny,with
<br /> �"`'�� interest thereon st the default rate provided in the Nota.
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<br /> ---��— 2. Taxes and Asse�ments. '�rustors will pay all real estate taxes levied on the Property,
<br />--�„nu,� including any taM levied on the debt secured hereby,when they becomo due and before they
<br /> '`"'`=°�'''� become delinquent.
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<br /> - - 3. Insuran.s&; Tnistors shall maintain hazard insurance,at least on SO% fire and extended
<br /> coverage on the replacement value of the improvements on the premises,or its equivelent,with
<br /> _ mortgage clause providin4g loss payabl�to the parties as their respective interests may appear on
<br /> and atter �closing date),until such time as the entire purchase
<br /> ___e_� price is paid in full. In case of loss undcr any such policy,HeneSciary is authorized to adjust,
<br /> -- collec�and comproinise aIt clnui,�u,ei�uee a�,�shati�;�iha cgt:�n�a apgly:sig:ll or grst of
<br /> -- — th�insurence proceeds, (a) ta any indebtedness securad hereby in such order as Beueficiary may
<br /> - - deterniine,(b) to the Trustors to be used for the repAir or restorarion of the property,or(c) for
<br /> _=-=y— any other purpase or object appropriate under this Tiust Deed as detemnined.by Ben�ficiary
<br /> -- - - without affectuxg the lien of this Trost Deed for the full amount secured here�by before such
<br /> paynx�t occwred. Any application of proceeds to indebtedness shall not extend or postporn the
<br /> due c�aete of u►y payments under ttce Tnist Deed n�tc,flr cure any default under such Trust Dad
<br /> note or this Trust Deed. In addition, Tcustors shall carry premises farm or rs�nch operations
<br /> medice�pay insurence of at least ls 00•000 each person and liability limits of SS00,000.00 e�tch
<br /> occurrence. Tn►stnrs shall fumish Benefi�ciary a artificate of insurance coverege at Beneficiary's
<br /> rtquest,with a provision in saech certificate that the insurer shall provide Beneficiery 10 days
<br /> advance notice of any canceilstion of 4he policy a4 any time for any reason,or of expiradon of the
<br /> policy without reaewal thereof.
<br /> 4. Environmental�qmpliance. Trustors shall comply with all federal,state and local
<br /> en�r.e�nmental laws,ordinances, rules, requirements,regularions and publications as now existing
<br /> - -� or hereafter existing,amended, supplemented or supplanted relating to the preservation of the -
<br /> — environment ar the regulation or control of toxic or hazardous substances or materiats. Trustors
<br /> hereby warrant and represent to Beneficiary that there are no toxic or har,ardous substances or
<br /> �►aterials on or wtder the Property. Trustors do hereby inde�nnify and hold Benaficiary haxmless
<br /> and any successors to Bcneficiary's interest from and agsir�st any and all clairns,damages,losses
<br /> end liabilities ar.�sing in connection with the presence,use,disposal or transport of eny subatance
<br /> �- ��� the subject of any environ�nental law,regulation or control of toxic or h�zardous substances or
<br /> ti�,;.,,� materials on,under,from or about the property. Tho�indemnity shall survive reconveyance of the
<br /> __-TM--'�°-� prQ�erty securcd by this Trust Deed.
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<br /> �?;� 5. �,4g&Preservation of Propertv. Trustors shall use the premises for agriculture and for lawful
<br /> . �W� purposes only;shall not substantially chang�e the Property, allow the Property to deteriorate, or
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