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<br /> - 1. abligation. Trustor st�all pramptly pay whe��e tha princiga]. of the _ ___-
<br /> indebtedness evidenced by the Notes, and all other charges and fees -
<br /> psovided in the Notes or secured by this Deed af Trust, and the principal of and
<br /> � � intesest on any future advances secured by this Deed of Trust not to exceed .
<br /> , , three times the original pri.ncipal amount of the above-recited notes. ,
<br /> 2. Wasranty of Title.
<br /> ;t.:, ': 2.1 Trustor is lawfully seized and passessed of good and iadefeasible title ,
<br /> • ' aad estate to the property hereby conveyed and has the right to grant and convey
<br /> �• � � the progerty.
<br /> �'r' " �°_ 2_Z The property is free and clear of all liens and encumbrances except for
<br /> . : None. � ,
<br /> . 3. Maintenance of the Security. � �
<br /> ' 'c� ` 3.1 Trustor sha11 keep the secyrity in qood condition and repair; shall not �
<br /> ` � � ' commit or suffer waste; shall not do or allow anything to be done which will `��.•,��
<br /> ,,; :" . ^.�.; . . incsease the risk of fire or other casualty ta the psemi.ses or diminish the ;
<br /> � value of the securfty except reasonable weaz and teas; and, shall not alter the �:; ��:
<br /> ` . • design or struct�ual chazacter of any buildinq oz add any building�within the
<br /> . ' � securitp without ths written consent of the eeneficiary. ��
<br /> � � 3.2 If the secusitY or anY Part thezeof is damaged by fire or othez cause �'�'
<br /> . .. �� ��.`
<br /> _� including condemaation, Trustor shall give immediate written notice of the event
<br /> � to the Beneficiary. Trustor shall use aay'proceeds af compensat3on for the
<br /> •• „�.�'� ; damaged from the insurance, condemnation award or otherwiae to restoze or
<br /> , replace the praceeds to the Heneficiary at the optiion of the Beneficiary. If _
<br /> part of the security is damaqed, the Trustor shall resture, repair, or a3.ter the . � �•.`
<br /> zemafnanq propert� in a manaer satisfactory of the Heneficiary. sL �`-
<br /> - �.`�:- " .-�4 3.3 The 8enefnca.ary or it's repzesentative is herebg authorized to make oz _ _
<br /> •� cause to be made reasonable entries upon and inspections of the premises•
<br /> ' 3.4 ^,he Trustee shall promptly comply with all present and future laws,
<br /> � � � ordina�ces, rules and regulations of any governm�n�tan aconstructione p ngthee ``'�''
<br /> .� �� ��''� ` premises or any part thereof. This shall apply y -
<br /> . • _ � � • ` premisea as well as the operation of any business upon the premises. _
<br /> =' �� =; insurance. �
<br /> � .-�:�z .;,; 4, isustor shall keep the security insused against: {2) losa by perils
<br />- � � � covered by 9tandard fire policy with standar@ extended cooeraqe endorsement, in
<br /> � an amount equal to 1008 of the�full replacement value of the security without
<br /> � • ��:? deduction for de�reciation; (2) liability insurance foz the benefit of the . �1,;:
<br /> � . ' Benefi.ciazy and �YYustee to protect the Beneficiary and irustee from any amd all ,.,�;. ..
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<br /> - � - � ciaim� �af personal injury or property damage arising from or out of th� `����'�'
<br /> • premi,sese and (3) ethez insurance normal and customary for owner8 and of similar _
<br /> � '. � •• � p=apet�y. Et�rthor, Beneficiary may require a.xT.s� other reasonable �.r►surance to . `_: ,
<br /> . . � � �' protect the security. All insurance �ltall �e:gaid for by th� Ttustos, ahall be �,. ,
<br /> � � � in fdrm and by company appsooed.by tli� 8eneffciary, shall insure•the f�� _
<br /> � • . Beneficiary, Trustee and Trustor as r.�eir iczterests appear, and shall provf.de _
<br />- � .;?� ,� , that the insurance company ahall notxfy the li�r�eficiary in writ#.r:q at least 30
<br /> daye before any cancellation or termination �eao�es ef£ective a� eo the
<br /> ' �.r}; Seneficiary. • ��'�
<br /> � � 5. Taxes, s�.ssessments, and charges. Tn:stor shal.]. gay all taxes, r� .
<br /> - Asseasments, liens, and other charges including utiiL�.� charges which may affect �++ .
<br /> . _t the se�.:rity as they are due and before they are delinquent. Upon zequest, •
<br /> .• • Trustcr shall ahow Beneficiary proof of payment. Trustor shall pay ail taxes
<br /> and r�ssessments which a�ay be levied upon Bene�iciary's interest herein or upon _
<br /> � • � this Deed oP Trust without regard to any law in effeat or that may be enacted •
<br /> - � _ � _ imposing payment of the whole or any part of therefore upon the Beneficiary. �:
<br /> 6. Condemnatton. The proceeds of a condemnation award are hereby assigned
<br /> and shall be paid to Lendes and shall be apFl3ed to the sums secured by this
<br /> '�'•�y • Deed of Truat, whether or not then due� wittt any extess to be paid to Borrower.
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