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<br /> �' l�c�d o1���l�"d a°�ga�nst, or ���
<br /> , �R ta�ces� �ssessments �nd other ahargos leviad upon or asxs�ed, P _.
<br /> mes�sured by, this Deed of Trust or the necordation hcreof.
<br /> � �� S. Applkation ot Pxymeuts.All payments received by Ben�ficiary a.s to any debt, liabiliry or
<br /> . oUli�tion owed to Benef�ci�ry by Tnastor may be applied by Bcneficiary to the payment of c
<br />-°.--.' ��`� the Obligationa in �ny order or manr�er of applica�tion which Beneficiuy� in its absolute
<br /> .���� dixntion� dee:ns Approprlate.
<br /> �� fr� from all liens and
<br /> . . �� 6. C1ur�s3 Lkas. TrusWr will koep ttie Trust Property
<br /> eacumbrances�whether prior or subordinate to this Deed of Tivst, other than any such lien
<br />-•;='���. ` described alwve or thc Hen of current ral esp�te taxes and 'u+staliments of official
<br />�-,;4��'a, ia et le; rovided� howaver, that
<br /> - s�a s e e s s m e a t s with n s p e ct to which no paialry Y P�Y� p in writing. to Pa►Y
<br /> ���=4�� • Truswr need not discharge any such lien so long as TrusWr shall agra�
<br /> -���•:• • le W Benefici and shaU in good
<br /> `s'" � . the obli�ation secund by such lien in s�manner ycc�ePtabffecttve to pnv�nt the a�forcement
<br /> ����``...::` faith contest such Hen by approprlate lega�l procoedin8
<br /> ..�:.�':;��. . y � and shall also give
<br /> :..>,;�.:r. of the lien or the loss of zn interest in or of the Trust Property, -. -
<br />-�.,�� �.: be demanded by &neRciary w insure
<br />:�:�:�-:��.'. such rea�ons�ble xcudty w Beneficiary �s may
<br /> :;,.J�, '.
<br /> compliac�oe therowith. The Beneficiary may in its sole discreHon defend the lien of this _
<br /> :,.r�f Doed of Trust and�11 oosts and attorneys'fees incurned by Ha►eficiary in said defense
<br /> -�..� _
<br /> ���a~:; be reimbursed by Trustor or addod to the Obligahons.
<br /> a��;.��'
<br />=c:'�
<br />.:.:,.;1� , 7. g�ard I�urxnCe.Trustor shall keep the buildings and other improvements now exishng
<br />-,.� . ,� or her�fter erected on the Trust Property insurod by insurance cacriers sadsfactory w
<br />`�:'��� Beneficiary apait►st lass by fir�, hazards included in the term "exta►ded coverage" and such
<br />-';�Wr,. • '
<br /> ::s� `•�. . � �.e�e .� �uwt��s and contlnngenciw, including wu dan►a8e insuranoe, �s may
<br /> �:��-,�'_�s rrt�quired by Ba�eficiary, in such amounts and for such periods as may be nquiroo bY
<br /> �-- Beneficiaury. Ttse poUcy of insurancx shall be in form aooeptable to Beneficiary and shall
<br /> �� not cont�in a defense based on cdnsurance��nd ahaU conWin the standard provision that no
<br /> -- xt of the Ba�eficiary or of the Haxficiuy's a�ents or representa�ives wIU n�der the
<br /> - - policy void as w the Beneficiary or affoct che Ba�ficiary's ri�ht w recovu in case of lo�,
<br /> and the policy or policies shall, provide that the s�une may not be canc�lod or modifiod
<br /> --- without fifteat (13) days prior wrlttea notioe to Ba�eficiary, and have loss payable
<br /> provlsiona tn favor of and in form aoceptable w Ba�eficiuY• A11 Pnmiums on inauxance
<br /> policie� shall ba paid in the manner provided under the Secdan entltled "Funds for
<br /> Payment of Chargw" herein or�if not pa3d in such manner,bY TrusWr �r�aidng paYma►t at
<br /> la�st fiftea► (1� days prlor w the due date, dircctly to the insucancx canier. BeneficiarY
<br /> -- shaU hs�ve the rtght to hold the policies and raxwals thereof and 'husWr shall promP�Y
<br /> -_= furnish W Heneficiary all raxwal noticxs and all paid premium rocdpts raxived by it. In
<br /> — -'� no �,ptt shali Beneficiary or Trustee be held responsible for failure W pay insur�x�e
<br /> ��_"�'��� p r e m�u m s o r f o r�n y loss or d a m a ge aridng out of a defect in ar►y poliaY or arlsin8 out of
<br /> any failun of any insur�na company to p�Y for any loss or damage insurod against Qr for
<br /> 21"'�'�!� failure by Tivator w effect the insunma roquirod hereunder. In thc eveat o�fici�mar
<br /> ._..�.;:,��� shall gtve prompt noticx by mail to the insurancx carrier uid Beneficlaty. �Y Y
<br />`_-�=3""`= make proof of lou if not msrde pmmptiy or in prop�r form by 7Yustor. All policies of
<br /> insuran�x and any and all refunds of unarnod premiums are hereby assignod w Ba�ficiary
<br />���':�� ` �s ydd�6ona1 security for the payment of the Obligatinns. In the �went of Beneficiary's
<br /> -= eacrcise of the power of sale oontainal h e c�ein� or in t h e ev a i t o f f a r e c l o s u r e, a ll ri��n t,t l t l e
<br /> - � � �nd interest of Trustor in and to �ny insur�noe policy then ic� foroe shall pass W the
<br /> . �: purchaser at the trustee's sale or foreclosure sale. In case of any loss, the insur�ux�
<br /> proceeds may, at the option of Beneficiary, be applied by Beneficiary upon the
<br /> � ; • Obligations, or any part thereof, and in such order and amount as Beneficiary may
<br />� �^ � � determine; or said insurancx proceeds,at the option of Beneficiary,may either be used in
<br /> �� all or totall dcstno ed to a oondition
<br /> _, .� � replaain8 or restoring the Trust Property P�rti Y Y Y
<br /> -.--_---- �:a :...,..�...,. ..,,�,r.�.�,� �r anv ootion theroof. may be
<br /> =__ . Sati3I2C[Ory Lo ncricttciiuy� v. �..... ...o,......... r._---�, -- - . .
<br /> nleased to Truswr. Unless Beneficiary�nd Trustor otherwlse agne in writing, any such
<br /> application of insurance proceeds shall not extsnd or postpone the due date of any note or _
<br />" , agreement evidencing the Obligations, or any installments called for therein, or change the
<br /> amount of such instaUments. If the Truat Property �s acquired by Beneficiary pursuant to
<br /> the eaerctse of the power of sale or other foreclosure, all right, dtle and interest of Trustor
<br />- . � in and to any insurance proceeds payable as a result of damage to the Tiust Property prior
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