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20120s742 COVENANTS OF TRUSTOR 1. Warrantv of Title: Trustor is lawfully seized of the Trust Property; the Trust Property is free and clear of all liens and encumbrances except as specifically identified herein; Trustor has legal power and lawful authority to convey the trust property and Trustor warrants and will defend title to the Trust Property against the lawful claims of all persons, which warranty shall survive the exercise of the power of sale herein as well as foreclosure of the trust deed, and shall run with the land. 2. Pavment of /ndebtedness: Trustor shall promptly pay when due the indebtedness secured hereby and all taxes and other liens against the property and will not permit any tax liability or �udgmer�t to become a lien against the property. All payments ar+e to be applied first to re�rnbur��men# of advance�, if any, then to a�crued interest, and the balance to principal. 3. Taxes and Assessments: Trustor will pay all taxes and any other assessments on the Trust Property before delinquency and will pay any taxes and assessments on this trust deed and the debt secured thereby which may be assessed against the Trustee or the Beneficiary. 4. Maintenance: Trustor will keep the Trust Property in good repair and will use the Trust Property in a lawful good and husbandlike manner. Trustor will not abandon the Trust Property nor cause or permit waste, lessening or impairment of the value of the Trust Property. 5. Reimbursement: Trustor shall reimburse Beneficiary and Trustee for expenses reasonable necessary or incidental to the protection of the Trust Property and to the enforcement or compliance with the provisions hereof, and the promissory note, including but not limited to, the cost of evidence of title (abstract or title insurance) and any other costs affecting the Trust Property, Trustee's fees and the expenses of any saie. 6. Insurance: Trustor shall keep the improvements now existing or hereafter erected on the property insured against loss by fire and hazards included within the term "extended coverage". All insurance policies and renewals shall be acceptable to the Beneficiary and shall include a standard mortgage clause. Unless the Trustor and Beneficiary otherwise agree in writing, insurance proceeds shall be applied to the restoration or repair of the property damaged, if the restoration or repair is economically feasible and if Beneficiary's security is not lessened. If the restoration or repair is not economically feasible or Beneficiary's security would be lessened, the insurance proceeds should be applied to the sums secured by this security instrument, whether or not then due, with any excess paid to Trustor. If Trustor abandons the property or does not answer within thirty days a notice from Beneficiary that the insurance carrier has offered to settle the claim, then the Beneficiary may collect the insurance proceeds. The Beneficiary may use the proceeds to repair or restore the property or to pay sums secured by this security instrument, whether or not then due. A thirty day period will begin when the notice is given. Unless the Beneficiary and Trustee otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due darre of the monthly �aym�nis re�uir�d by the �pr�mi�s�ry note secured by this security instrument. RIGHTS OF BENEFICIARY In case of failure by Trustor to perForm any of the covenants herein contained (for example, a failure to pay taxes on the Trust Property before the same become delinquent, or maintain improvements, or other default), the Beneficiary may remedy such failure. Any amount so advanced by Beneficiary shall become a part of the indebtedness secured hereby, due and payable immediately, and shall bear interest 2