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201209247
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201209247
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Last modified
11/2/2012 8:18:57 AM
Creation date
11/2/2012 8:18:56 AM
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DEEDS
Inst Number
201209247
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20120924� <br />the order of Beneficiary, executed by Jacquelyn E. Schlund, and <br />providing for the payment of said indebtedness in installments, <br />subject to acceleration of maturity on default in the payment of <br />any installment of principal or in the performance of any covenant, <br />agreement or warranty contained in this Deed of Trust; <br />(b) The performance of each agreement, covenant and warranty <br />of Trustor herein contained or set forth in the Note or any <br />agreement or instrument executed by Trustor in connection with the <br />indebtedness hereby secured; and <br />(c) The payment of any sum or sums of money which may be <br />hereafter paid or advanced under the terms of this Deed of Trust. <br />NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, <br />Trustor does for Trustor and for Trustor's heirs, representatives, <br />vendees, successors and assigns, the owners of said Property, <br />hereby expressly covenant, agree and warrant to and with the <br />Trustee and Beneficiary, and their successors, vendees and assigns: <br />FIRST: That the Trustor hereby covenants and agrees, to the <br />extent permitted by law, as follows: (a) to pay promptly when due <br />the principal and other sums of money provided for in the Note and <br />in this Deed of Trust; (b) to promptly pay before delinquency all <br />taxes, assessments and other charges imposed by law upon the <br />Property, the Trustor's interest therein, or upon this Deed of <br />Trust or the Note; (c) to keep the above-described Property and the <br />improvements thereon in good condition and repair and not to commit <br />or suffer waste thereof, and except as authorized in any schedule <br />annexed hereto and forming a part hereof; (d) to maintain and <br />deliver to Beneficiary policies of insurance against such hazards <br />on the buildings and improvements now or hereafter located on or <br />constituting a part of the Property as the Beneficiary shall <br />require, in such companies and amounts and with such loss payable <br />clauses as shall be satisfactory to the Beneficiary; that in the <br />event of loss, Beneficiary is expressly authorized to settle or <br />compromise claims under said policies and the proceeds thereof <br />shall be paid to the Beneficiary who may apply the same or any part <br />thereof on the indebtedness secured hereby or toward the recon- <br />struction or repair of said buildings and improvements or release <br />same to the Trustor; (e) to pay any lien, claim or charge against <br />the Property which might take precedence over the lien hereof; (f) <br />to pay on demand all legal expensea, title searches, appraisal or <br />attorneys' fees reasonably incurred or paid by Beneficiary to <br />collect the Note or foreclose or protect the lien of this Deed of <br />Trust; (g) that in the event Trustor shall fail to comply with the <br />provisions of (a) through (f) above, the Beneficiary may expend <br />such funds and take such action as is necessary to remedy such <br />failure and all sums paid by the Beneficiary pursuant hereto with <br />interest at the rate hereinafter provided shall constitute a lien <br />upon the Property, shall be secured by this Deed of Trust, and <br />shall be immediately due and repayable to the Beneficiary; (h) not <br />to sell the Property or any portion thereof without the approval of <br />the Beneficiary in writing; and in the event of any sale herein <br />prohibited, then the entire indebtedness secured by this Deed of <br />Trust shall, at the option of the Beneficiary, become due and <br />payable; (i) that if the Property or any part or parcel thereof <br />shall be taken or damaged under the power of eminent domain, the <br />award for any Property so taken or damaged (including severance <br />damages to the remaining premises) shall be paid to the Beneficiary <br />
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