|
' _ ��.a.. -- .
<br /> , �= �
<br /> .iN�`��'+�a...�. ._ ' _ .i_.,�t'���c�� �.
<br /> .. t�'"u�'�.�, . . . ' '-- � - —.. . . .>�!pi.�-"__.-- .
<br /> - 4<i � - � •�� � . . . . . .,`:��.�ii r-,__
<br /> � ,� . . . , . � . . .w-yDt"-
<br /> _ �L . .� ' . . . . .. . - . •n'.� _
<br /> p „
<br /> f.,�. . . .s•..�.� kirNy*9�7�'�r-,.�,.....,,. . ,.. .. t.. ..,. .,. .� . .-�.� • n ` .. . .�^wr., . '.
<br /> .. .. .. . .. -- .. . .. .4..��;
<br /> � � 97_ 1(36'731
<br /> 6. Charges; Liens. Subject to the terms of the Lease. Trustor will keep the Trust Yroperty �
<br /> • ��� free from all licns and encumbrances except as otherwise listed abovc, whether prior or
<br /> subordinate to this Deed of Trusc, utl�er than the licn of current rca; estatc taxes and
<br /> � installments of official assessments with respect to which no penalty is yet payable;
<br /> provided, however, that Trustor need not discharge any such lien so long as Trustor shall
<br /> - agree. in writing. to pay the obligation secured by such lien i�i a manner acceptable to
<br /> Beneficiary and shall in good faith contest such lien by appropriate legal praceedings
<br /> ; effective to prevent the enforcement of the lien or the loss of any interest in or part of the
<br /> ,� Trust Property, and shall also give such reasonable security ta Beneficiary as may be �;.
<br /> „ �: demanded by Beneficiary to insure compliance therewith. The Beneficiary may in its sole ='-
<br /> ,,., discretion defend the lien of this Deed of Trust and all costs and attorneys' fees incuned �
<br /> ' by Beneficiary in said defense shall be reimbursed by Trustor or added to the Obligations.
<br /> { 7. Hazard Insurance. Trustor shall keep the buildings and other improvements now existing
<br /> � �� or hereafter erected on the Trust Property insured by insurance caniers satisfactory to
<br /> � Beneficiary a$ainst loss by fire. hazards included in the term "extended coverage" and such
<br /> �. other hazards, casualties and contingencies. including war damage insurance, as may be
<br /> required by Beneficiary, in such amounts and for such periods as may be required by
<br />_� Beneficiary. The policy of insurance shall be in form acceptable to Beneficiary and shall
<br /> not contain a defense based on coinsurance, and shall contain the standard provision that
<br /> ;'�' :. � no act of the Beneficiary or of the Beneficiary's agents or representatives will render the
<br />�.�.;.>.. policy void as to the Beneficiary or affect the Bene�ciary's right to recover in case of loss,
<br /> �;�. . and the policy or policies shall, provide that the same may not be canceled or modified
<br /> -M::,:: .�,
<br />-�,,-:�;.;�" without fifteen (15) days prior written notice to Benefician•. and have ioss payable
<br /> ---::�...,�•.:
<br />--.__;,:.c;y4,: provisions in favor of and in form acceptable to Beneficiary. All premiums on insurance
<br /> �`-k'�-�t• licies shall be aid in tI�e ui�u�r ►uviJe�i under the Sectiuu eiititled "Fuixts for
<br />:�-:�<<�' ..°'r P� P �
<br />�.�l��• Payment of Charges" herein or, if not paid in such manner, by Trustor making payment at
<br />---- �•-�= least fifteen (15) days prior to the due date. directly to the insurance carrier. Beneficiary
<br /> =����;�:z. —
<br />���:�;;:,. shall have the right to hold the policies and renewals thereof and Trustor shall promptly
<br /> -M�=��•�� furnish to Beneficiary all renewal notices and all paid premium receipts received by it. In
<br /> '"-'�'�'�� no event shall Beneficia or Trustee be held res nsible for failure to a insurance
<br />--,�,;.L:;��:� rY P� P Y
<br /> _-_�.��� premiums or for any loss or damage arising out of a defect in any policy or arising out of =
<br /> _:;:;;�; Any failure of any insurance company to pay for any loss or damage insured against or for
<br /> -_ :_':;i� failure by Trustor tv effect the insurance required hereunder. In the event of loss, Trustor
<br /> - �-- �- �hall give prompt notice by rnail to the insurance carrier and Beneficiary. Beneficiary may
<br /> - �- .y;�;.�i_
<br />.'_'!A�rat�+�e.
<br /> .;;;�._J,�r make proof of loss if not made prompdy or in proper form by Trustor. All policies of
<br /> -�"'' '" insuz�ance and any and all refunds of unearned premiums are hereby assigned to
<br />-A��A�� Beneficiary as additional security for the payment of the Obligations. In the event of
<br /> __�_v=���;�� Beneficiary's exercise of the power of sale contained herein, or in the event of foreclosure,
<br /> _;�,;T;�,� all right, title and interest of Trustor in and to any insurance policy then in force shall pass
<br /> _ ., ,, x..,•
<br /> _ to the purchaser at the trustee's sale or foreclosure sale. In case of any loss, the insurance
<br /> � � proceeds may, at the aption of Beneficiary, be applied by Beneficiary upon the _.
<br /> � Obligativns, or any part thereof, and in such order and amount as Beneficiary may _
<br /> determine;or said insurance proceeds, at the option of Beneficiary, may either be used in w-.
<br /> - .. !.
<br /> ;
<br /> = J � .
<br /> ' �
<br /> _ -.. .--..'-- __� �
<br /> - Y(�i.n-:i:,_.,.�W' ". ....y:I."t ._.. . .. . _ ' a t_.v...a...:..>.� •. _�.1 ..
<br /> . . .... . . . . -.z=. ._ .. .._. .. ..
<br /> '��' "� anM�l�[YJ. " . f'_✓„�rf �hF�-� ..�
<br /> ' � - I � . ... __ .
<br />
|