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<br /> ot�ifA�.�rti�s :.._.. ___ - - - -
<br /> � -3 - 9$- ii1H�3
<br /> TO PROTECT THE SECURITY OF TH1S DEED OF TRUS'�',TRUSTUR
<br /> COVENANTS:
<br /> 1. Tit1�. That ix is lawfully seized and possessed uf a goad and indefeasible
<br /> title and estate to aucti propecty in fee simple and will forever warrant and dofend the tide
<br /> thereto against the claims and demands of all persons whosoever;that it will,at its
<br /> expense,maintain and preserve the lien of this Deed of Trust as a first and paramount lien
<br /> vpon such property,subject only to n�trictions,covenants,and liens identified in the
<br /> atteched Exhibit A,to be�rnown as tho"Permitted Encumbrances".
<br /> 2, Maint�nans�. Td keep such property in good condidon attd rapair,to
<br /> aamglete�r restore prompfly and in good�nd worlQnanlike ma�nner any building which
<br /> may t�e constructed,�arnaged,or destroyod theceon and to pay,when due,all claitns for
<br /> la6ar pecfo�izted and m�ferials furnished therefor qnd for any alterstiona thereof;to
<br /> comply wit�;th.e piovisions of restrictions affocting such property;not to remova,
<br /> demolish,or materialIy niter ar�y building,or the charaater or use thereof at�any time
<br /> thtreon;not to drill ar'ex�ct nor to ptrmit the drilling for or extraction of oil,gsa,ar ,
<br /> other hydn�chan subst�uices or any mineral of aay ldnd unless the written conaent of �
<br /> Beneficiary'is first had and obtained;not to commit or permit any waste theronf oE any act
<br /> ;'�;.;.. upon such property in violation nf law;to d�all other acts in a timely and pm�xnamnex' ,,.
<br /> . . . ,,.x1��r fir.m trn nharacte:r�r .u.ae of such prnpctty mnY he i'CasOAtl�11y II�su7f�'1��
<br /> �il•:�resorvc.said secwiry,tha specific enumerations herein not excladi�g.�e gic�ii�eral. •�
<br /> 3. ..�� .�me�. To complete un Road:�nd wo�rkri�siililce � ,
<br /> p�xner e1tY building ar improvement or repair relating thtreto which msy ba begun on �
<br /> such groperty of contemplat�by tha loen secured hCreby,to pay whcn duC eDl co�b aod
<br /> liabilities i�cumod therefor,and nt�t to perroit sny constiuction lien againat such'propatY•
<br /> Tn�stor also agreea,anYthinB in this�Deed of Tniat ta thc contracy notwitb4tu�tli�g: (a)to
<br /> pmmptly commence woric amd ta completo the pmposed improvemenb pc+�mpt�►,(b)to
<br /> complete same in accotdance with piaas auci�pa;iuu�iiui,�es appr���by Bcc�.,^ix�r;� ��
<br /> (c)to comply with all Qf the terms of aay canatzucdon loan agc+aznent between Tivstor
<br /> and Benefecxeryq(d)to allow Bcae�t'�.ciary to in�ect such pmperty at all tima durina ,.�;,,..�
<br /> cooshuction,�nd(e)tA replace�tiy,work or materials unaatiafactory to BeneSciay,
<br /> within fift,e�n(15)days�fler wrilten notice fi±oan Beneficiary of such fict,which notiee�
<br /> . msy be gin�cn to Trustor by registered or ccrtified mail,sent to his last lanown�ddresa oe
<br /> , by person��service of the saTme. � :'':
<br /> � 4, Fire�d C.�ue_1�,InsutBnca. 'X'o:�k'etp such property inaured ag,�i�nst lo�s or
<br /> � �damage b��f re and other risk or risks which,in the opinion of Beneficiary ahould be
<br /> insured ag;�ira,st,under policies of irisurancc with ioss payable to Baseficisry in fam,
<br /> .� •ainount,and companies acceptable to Banefic;ary. Said policies shall be deliverad to and
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