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<br /> 3. P�rfarmanc�, disch�rq�of and compli�nc�with w�ry obUqation,tov�nmt, �nd eyr�m�nt af Makar or �
<br /> ?rustar fntorpor�ted by reterence or contofned h�r�in or in any oth�r securiR�►pyreement or deed oi trust�t any time
<br /> • y�1YC�i iv Se�iii v�i'ry'�iiriv-t3Li'L�M::�'.�!!tii��!!!�.�t An�nA►t thlilOf.
<br /> 4. PAym�nt oi�tl i��s and char�es of B�n�ficiary,wh�th�r or net sQt forth hsrein.
<br /> TO PROTECT THE SECURITY OF THIS DEED OF TRUST, YRUS�OR CONVENANTS:
<br /> Titia: That it Is lawfully stiz�d and poxsessed of a qood and ind�feasibletitle and eslate to such property in tee
<br /> sirt�pl� and will forever warrant and d�ie�d the titl• th�reto aqainst the claims and demands of all persons
<br /> Wuhosoever; that it wfll, at Its expense, maintain and preserve the lien af this Deeci of Trust as a lien upon such
<br /> prop�rty.
<br /> Prlor Liens: To pay any interest on and maturing installmenu of princlpal due on any prior mortqxge ar d�rd
<br /> 01 trust,and ta perform all thinps required oi him undar the.turms and tonditians of any prior mortgage or deed of
<br /> trust. Aaneficiary may,but shall not b�obligated to, make any payment or pertorm any other act or obliqation
<br /> required of 7►ustee or Trustor by any such prior mortgage ar deed oi trust. Any amount so paid or expended by
<br /> Beneflciery shall be immedialefy repayabl�to Beneficiary together wltl�intcrest as herein provided.
<br /> Mu�inxenance: 1'o keep such property in qood ca�diEion arxi,r�pair; to complete or restorc promptly and in
<br /> qood drxxii wQrkmanlike maninet a�g h+,�ilding which may be�oastruct�cb,daent�ed o*d.estroyed theraon and to pay.
<br /> whan due.aP.6 clHrns fo+r labor perfamed and materials furrtisFKd t1►Rrsf.er and�vr ar�x a6teralions thereof;to comply
<br /> with the provisiorrs of a6F i�►saRance poJicies coverin�said prQmisa;to corr��ptY+MiUn+�1 E+a"r�..wd��►.�nc�s.►pulatiens.
<br /> covenants, canditiorts an� e[strictionx affectln�such property; �ot to rer.nove, demolish ar �naterially alter any
<br /> buildinq.o�1he character ar e�se thereof et any time thereon; no1 to drill cx extract nor to perm6t Lhe drilling for or
<br /> ext�action�afi al, qas or a�►�e�hYd��arbon substancts or any mAterial ai my kind unless the written tonsent ot
<br /> Beneficiary is tirst had a�d obt�ccr�sl; not to commit or pe►mii any waste thereof w any act upon such prope�ty in
<br /> violaticx�of law;to do at{other acts in a timely and proper manrter which�tom the charatter or use ot such p+operty
<br /> may be rRasonably netessary to qrotett and preser�e said seturity,the speco:�itenumerations herein not extluding th�
<br /> general. �
<br /> t�nstructlen of Improv�nts: To complete in qoad and wo►km�nlike manne�any buildi�4�r impro�ement
<br /> or repair relatiny thereto which may be begun on such proµe�tg or conternpl�ted b�v ti�.�ioan securcct i�a�e�y,�G p��
<br /> when due all costs and lfabilfties incusred therefo►,and n�aa t��mit a�y mahal!�S�'� tien aqainst such pfoperty.
<br /> 7rustor also ayrees.�nythinq in this ae�d of Trust to the cot�a•�rr►�m+a�witNr,��andiny�;�,4?J'�o M�ptly commenc�work
<br /> and to complete the proposed improvements promptly, (b) t+�S���t�G�d�E����'6��rccord�nce wi�h pians and
<br /> specifications as approved by Bene�ficiary,(c)to compty wiih all of tN��aQr:r�s qf any b�i�fi6dtng tasn syreement betwean
<br /> Trustor and 8eneficia�y,(d)to allow Beneficiary to inspect such�xo�erty-�tall t�m�s¢ldrinq construction,and(e)to
<br /> replace any wark or matenals unsatisfactory to Beneficiary, +Nithin fift�en (15)'t9a�;;s after written notice from
<br /> S���f:�:Rt��f;uz}�s�.,_,.�l���^t(�.. may ba given to Trus�a•r by tegi;;ered or tertified mail,sent to Trustor's last
<br /> know►►ac�lrPSS,or by p�ersonal saroice of the same. � • ,�
<br /> Fiee and�esualty Insu�anca: To keep such property inw►ed ac��frns«�oss or damaqe by fire and othe�risk or
<br /> tlsks whieh,:in the opinlon of Benefitiary should be insured against,und�r policies o(irswrance with loss payabl�to
<br /> � Stnefici��ai•iy'.and the holder of any prior lien in form,amoun{t���+,d companiesacteqtak�le to Beneficiary. Said policies
<br /> � ,�h�H b�s(��eT,i�irtred to a�d remai�+a�p�ssasion of Brnefitiae�W�s)urther security for tNe�`�ithful pe►formanc�of t!tese
<br /> ' •obllqatib�s,•which delivary shall ranst+tute as assignment bjr'rnuStor to Be�efic�ary trn if:rights thereunder,inci�idir�g
<br /> all return premiums;�'4�m aleliver to Beneficiary a policy or poli<ies renewinq or extendin�any expirinq insurance wlth a
<br /> receipt showiny prectn�iums paid at least thiny (30)days before sxpiration. If Trustor fails ta so deliver sny renewal
<br /> policia.e�nefitiary may procure wch insur�nce as it may elect ar�al may rs�ake paXment of prsiniums thereon,which
<br /> payment is repayable on dcmand. Neither Trustse�a B�n�rc�ary shall be rKpons+�ile'fa obtaining a msintaining
<br /> such insu►ance. eaneficiary. from time to time, may fur�ish to any insuancaa�e n;.y or company. or any othe�
<br /> persan, any information contained in or extracted from any insurante�solicy thefe�vfwe rleUvered to Beneficiary
<br /> punuant hereto,end any information conc�►nin9.tt►��oan secured hereby. In no ever►t and wi�eth�r or not d�fault
<br /> '� hereunder has dccurred shall Beneficiary. by tix tact of approviny.acceptinq or obtaininq such inwrs�ce,incur any
<br /> liability.for the amount oF such insurance, the form or leqal wfficiency of inwnnce contracts,solvency of inwrers,or
<br /> psym�nl�af lossrs by insurers,and Trustor he�eby expressly assumes full respansibility theretor and liability,if any,
<br /> thereund�r. In tF►�tvent of loss,Trusta sh�ll give immediate written notite to BQnrfiaary.and B�e�ficiary may,but
<br /> is not obliqatsd to,make proof of loss if not mad�promptly by Trustor_ In case of any loss the smount cdlected
<br /> under�ny policy of inwrance on such prope►ty may,at the option of the 6enRficiary.be applied by Beneficiary upon
<br /> �ny indtbt�dnas and/or obli9ation secured hertby a�d in such o�der and�mount as 9eneficisry maY dettrmi�t; or
<br /> said amount or any portion thereof may,at the option of the Benefit±ary.,•either be used in rlplacinq or rlstwin�th!
<br /> improvements partially or totally destroyed to� conditias�satisfactory�to said 8eneficiary, or said amount a a�y
<br /> portion thereof may be released to the Trustvr. In any�'swcfi,event ndther the Truytee nor the Beneficiary shall be
<br /> � oblfyated to see to 4�he proper epplitation thete�o�f;nor`s����the am4unt so releastti or u �'' a payment ;
<br /> � on any i�debtedne��ecured here5y. 5uch.ti�p��aealian,:use,and/or release shsll not cure!'�6�'�d�fault or
<br /> notice.•.�+��lefdult he�tunder or invalidate am;l zzt;d.ptie�tu►suant to wch nvtice. Any unexpercd inwrsnte and a��
<br /> retum��lc,3arusance prrmiums shall inure tau•Ah��+:lp��s��'ti't of. and pass to,tha purth� of the property co+re�ed
<br /> thtrQby�a1 av�.y'Trustee's sele held hereunder. tf stiia��cop��'r•ty is sold pursuant to the powtr of salQ tpntaEned h�►�in
<br /> or pursuant to arSy�f�aree of foreclosure,al1�t6�ht�.tid�e.��e1�merest of Trustor in and¢o the praeeds of fire snd other
<br /> insurance policies fcof�Samaqe prior to the s�isl�,v�9�+cti�cdceeds are not�eceived p►ior to the date af said sale,shall
<br /> belong to Benefici�r.p�. � "
<br /> Taxes and 4tbner 5ums IDua�:.'Go pay,s�a�9Ty and disekearge,at least Een t 10I�dl�,,•r5 tNrfore delinquency,ail general
<br /> and special taxes anrl assessmea��t�2���tcti ng such propE7^y, .T�d in no eve�t late�Q��,�2�ue date such amounts become
<br /> due, (1) all entumlarae+ces, cie��r�g��� and liens,with int�r�:•b2, on such properi�, or ar�y part thereof, which are, or
<br /> appear to Benefici�7�to be priar to or supe.r6or hereto,�2I!11 tOSts,:fees and exw�ms�s of this trust,whetP�er a not
<br /> — described herein, �(�) Faes or charges for am��s�atement �eqardinq the obligeti,qro setur�d herrby;3n any amorat ••
<br /> ' demanded Lyr Benet�rc+ary, not to exceed ttrn�maximum amount altowed by lavr iheretar at thr time when t�sP�
<br /> __.:_�__.�_...,�._...�.,..�w f.,.����r....ndered b�eeneficiarv
<br /> requrst is made.(4)suCh otner cnarges as in�"oe��e��.�o�����w�vs�•+••••��^�+-- •— --•-•--- - - -
<br />� and furnish�d at the request of Trustor or eny succeswr in interest to Trustor,(Sy if such prb�erty includes a lebse�old
<br /> estate, alt payments and obligatiflns required of the Trustor or h'ss w�cessor in interes�.�nder the terms of"t�1e
<br /> � instrument or instruments creating suci�leasehold, Trustar heret�y agreeing not to amElt�i, than�e, or modify�lls
<br /> - leasehold interest or the terms on wh�cNr he has such leasehold interest,or to agrce tn do,so,without the writi�n
<br /> '� consent of Beneficiary being firit obtained,and(6)ail paym�nts and monetary�bliqationicequired af the owner af
<br /> such property under any adeeYaratior�a► tovenanu, cond�dons and restrictions pertaining;o such property or any
<br /> = modification thereof. Shou�d Trustw iai•F to make any such payment,eeneficiery,without Sontesting the validity or
<br />-== amoe,nt, mag eleat to make or advancr su¢h payme�t together with any costs, expense�.�tees or charqes �elarin9
<br />-�� tl�tretv, inciur�ie�g employing counceG a�rd payinq his reasonable fees. Trustor agrees to notefy Beneficiary
<br />== immtctiately upon receipt by Trustor of notite of any intrease in the assessed value of such qroperty and agrea that
<br /> Bensf�ciary,in the name of Trustor may contest by appropriate�roceedingssuch increase in assrssment.
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