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<br /> - ,, � debt�dne�. TruaWr s�ll pcomi�Y P4Y or cAUae to be p�id wh�.�d�te�he
<br /> .. � 2. �yn�nt o[ In and falthfully
<br /> � �t Oblig�t�ona and all other indebtednc�, The Trustmr ahall �lso promP�Y
<br />�I�Ki'�:�r`"�
<br /> � obxrve all of it�obligadons under any a t h er d e e d o f t r u s t e n c u m b e d n g a l l o r p az t o �
<br /> � Trust Property and� if applicabls, any prc�missory note. �uuanty� or other term of _
<br /> ���--�-°� ��ctu�l indebtedness eecured by such other deed of trust� whether junior er xnior to
<br /> the lien of this Deed of Trust� and any othzr obli�a�i°ns sxured by A lien on the 'IYust
<br /> Y _ ___.�_• p���whether utsin�c�onxnswUy or by oQerat�on of l�w.
<br /> � 3. Constevction ot Impro�ear�nts. Tnaswr shall complero in good and wor�ananlike mar►ner _
<br /> -- ��. : any buildings� improvemaits a repain t+elating tt�aeW which n►ay be b�gun on the Tcust
<br /> �:°'r�. �` to whai due all cASts and
<br /> _ �,�:� property or contemplated by the Obli�dons secured hereby� p►Y
<br /> �:"° ",�, liabilidd incurrod therefor, and not to permit any conswction lien against auch 'Trust
<br /> xu ".a.::,
<br /> =���� p�erty, In the evqit const�uction of buildings� impmvements or �
<br />-'�." contem lated� Trustor alsv agras. u►yth�n8 in this D�eed of Trust to the contr�rY
<br />-���=,.; � p • (a) to promptly comme�ce any such work and w complete the propusod __
<br />_,,1w__ .jr. notwithsmndin8, to oorn te the s�arne in xcordance with the plans and
<br /> �,,�..�+.: improven�enta promptly, (b) P�
<br /> �^�' spociflcado�s as approvod by Benefici�ry� (c) w oomply with all the terrns of a building
<br />�,,��.�".�� the terms of which are
<br /> � loa�n �txma►t� if any. betW+an ltustor and Beneficiary.
<br /> ����F�,�� ir�corpor�ted henin by nferaice a�nd m�de a part hereof, (d) W allow Benaficiary to
<br /> ���r. insQect the Trust Property at�il tlmes during con3trucdon, and (e) w rtPlaoe a�►Y work or
<br /> �;.�: ��: mat�riale unsatisf�ctory w Ba�eficiary wlthin fiftoen (1S) daya after written nodce from
<br />_•'-1���'L�
<br /> = Beneficiuy of such fact.
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<br /> �������� �,. .L . n�..,....�.� � Char�e�. If reauested at suny time or from dme to dme by
<br />:�..;� 4. s..:.� .� _..,
<br /> �`�-.-yt Trustor sh�ll pay W Beneftciary on the fust day of exh montii, or sucn i�:.a
<br />-;,:�;.,.�;�� BeneficiuY, d in full�
<br /> --�;� b Benef cisuy. until the Obligationa are pa�t
<br /> -=__� dAte e�ch month as ms�y be spocified Y
<br /> — a sum (Ixreinafter the "Funds") equal►v 1!12th of the yeacly sua a�►d ��� which
<br />-�_� may att�in priortty over this Deed of Trust and ground rents on the Trust Property. if any�
<br /> �-�.� plw 1112th of the yeuly preminm i�stallmaits for hazard insurance, plus 1/i2th of the
<br /> ,� yearly premium instalimait� for moAeaBe insunuice� if any. all sis reasonablY �tim�t�ed
<br /> v=�=-� initially uxl from tlme to dme by &neficiary on the basia of sssessma�t� and bills�nd
<br /> �__� re�soc�ble estimata theroof. The Pw�ds shaU be txld in �n instttudon, the d�p�s��s a
<br /> ;�- '�"— xoount� of which are insurod or �natanteod by A fedee�l or st9►t+e �gencY includin�
<br /> � ge�eficitry. Beneficiary shail apply the Futids W pay said taxes� asxssma�ts. insunna
<br />_�___._ _, p�miums and�tound ratts.HeneRci�ry sltall not be required w pay Trustor any intenst a
<br /> —_—__ eaming� on the Funds. Hen�ficiary st�ll give w T:ustor. without charge� an winwl
<br /> -- -= �ccoundng of the Punds showtng crod►ts and debits t°the Funda and the pur�e for which
<br /> �.�"'�„� each debit w the Funda was made_ 'R�e Funds ara pledgod as addidonal secudty fa the
<br /> °=i _ pbligations securod by this Deod oF Trust. If the amonnt of the Funds held by He,neficiary+
<br /> --_ ���� �he future monthly insl�llments of Funds payable prior to the due dates af
<br /> ��a �c�s, usasmrnts,ir.surana pnmivms and ground rents,shall exoeed the amount roquired
<br /> �_�,�v,•,,•" w PQY qid taxes, assessments. insuronca pnmiums and ground rents as they fall due,such
<br /> -"`":� p P�Y �d W Trustor or cralited to TcusWr
<br /> z:;�;�;�,�`�=;- : �xcess ehall be,at Trustor's optlon, ather rom
<br /> -_ . :�: F against fi�ture monthly instAllma�u of Pun�ds�'If ��nti surrnce premiuma�and
<br /> . .. . Hatieficiary shaU not be sufficiens a pay �nt necess�► to
<br /> _ ary
<br /> . =�•;, : . to Hencficiary a�nY
<br />:`°A ... ground ra�ts as they f�ll due, Truawr ahaU P�Y
<br /> _ make up the deficiency within thirty days from th� date notia is mailed by Bene�ciuY�
<br /> � TYuswr roquesting payment theroof.iTpon payment in full of all Obligations�
<br /> �. shall promptly refund W Trustor any Funds held by Beneficiary. If the Trust Property is
<br /> � is otherwise acquired by Beneficiary.
<br /> � � � sold under the power of sale or tt+e Trust Property or its
<br /> �RU� � g�neficiary shall apply, immedia�ly prior to the sale of the Trust Pcoperty
<br /> acquisiaon by BeaeficiarY. a�►Y Funds held by Beneficiary at the time of application as a
<br /> ...__.:___ t`n�...�.,:e... ..wn,a*ne � �vrittr�l waiver of Trustor s
<br /> = '-'-� � crodit against inc wu��u�.�. _• �•,•�•.�.•., .�.---.-- _ . _ . before the same
<br /> � obligadons under this Secflon, Ttustor coven�nts and agrees to pay,
<br /> � bocome delinquent�all ta�ces� assessments. insurmce premiums, ground rents� and atl other
<br /> = charga whatsoever levied upon or assessed, plac.ed or made against the 'IYust Froperty.
<br /> " 1Yustor fttrther agcees� upon written request by Beneficiary, W promptly deliver to _
<br /> ; . &neflciary all receipts for the payment of auch charges. Trustor likewise agroes to�y all _
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