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<br /> � � -�:� <r Ta profiect thg security af thf.s need of Trust, Trustor hereby _ `<�:r`�'r;``:'
<br /> � - �.`��` co�renaats and aqrees as follows: , � . � `'.`:
<br /> . . . �;.�,.
<br /> . .` �� . ' f. ��grt of rndebtedn�s�. To pay when due, �he °pziacipal �.�'r�' ,
<br /> .,c� . _ _ •'.:`` . t:
<br /> - � og. and the in�erest on, the indebtedaess evidenced by the nate, � f
<br /> " . •.��,.« • charges, fees and a3]. other sums as provided in the loaa -- _ -
<br /> � `� '�' instruments. ,< .
<br /> . � ��. • � . .
<br /> � .t i,� 2. �. Trustor i.s the owaer of the property and has the �' �".
<br /> �-;,�
<br /> _ ,.:..:, ��� ="`� right and authosity to execute this .Deed of Trust in respect to the � � .�':;..�=i":.::
<br /> . .�:: � property � e. r
<br /> .
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<br /> �f; � �_ -
<br /> -� 3. Taxes and A4sessment. To pay, when due, a1I ta�tes, . .
<br /> - �f�j speci.al assessments and all other charges against the property, .;; .;�::
<br /> . . � before the same become deliaquent, and, in the event Beneficiary <<;,;;�:=�.
<br /> ' � "` F� ��•:, shall so require, to add to the payments required under the note �° �a��,
<br /> secure�i hereby, such amount as may be' sufficfent to eaable
<br />:°��%,��.,,,` Benefi.ci.ary to pay such taxes, assessments or other charges �s tbey . .`. :�.�._
<br /> � became due. .��``+�'=� ,
<br /> �:..
<br /> . -d:- �� � ' _ . �,t..'
<br /> � �..�� � � 9. Insnrance. � To keep the .improveraents aLOw or hereafter . , ��°�r-��'��
<br /> � � located on the re�,7. estate described herein insured agai.n.st damage �-�.�:;�--,�;
<br /> . � by fire and such other hazards as B�neficiary may reasonably ' -_
<br /> �. . . require, in antounts and companfes reasonably acceptable to. - --
<br /> � '�,� ; Beneficiary, and with loss payable to Beneficiary. In case of lass �:��;, ;:=.�
<br /> .`'-��+'�•:����`�: under su�h policies, Beneficiary is authorized to adjust, collect f'�='�"�
<br /> � ' ..� and compromise, in her. discre�fon, all clafms thereunder and, �at . -�_ __ �-
<br /> � • her sole option, is authorized to either apply the proceeds ta the , -'-�=°-
<br /> � � � �r�storation af 'the praperty or upon the indebtedness secured '_=�``
<br /> ' .� - .hereby, bu� payments required Tay the note� shall contin�ue until the . __ - ____
<br /> ` � * �' �� sums secured hereby are pafd fn full. . �.
<br /> ��
<br /> .. �t�i � . .� <�'� �r_
<br /> � .� � � 5. �enair. Ntaintenance and Use. 2o promptly repair, restare � ,. �
<br /> '--"""� ��= dr rebuild any buildings or impronements now or hereafter on the T>
<br /> � � ���: ".:..
<br /> �--:�f property; to keep the property in goad condition and sepair. �=-���,_
<br /> '•.i ; without waste and free from mechanics or other liens not expressly ° ��°;
<br /> °� � subosdinated to the �lien hereof; to not �ake, suffer or permit �any � Y-F���=
<br /> � �"� -� nuisance to exist nor to diminish or impair the valc�e' of the �=��
<br /> `,. .��:: ..� �f ..,
<br /> �. �' .. - property by any act ar. omission of act; and ta comply i•rith all ��1�-��-`�
<br /> . � ��,-
<br /> � � - � _ requirements of law without respect to the property. . � _-_��=
<br /> ;�� . . . �• ".-r
<br /> 6. Condemnation. In the . event the property, or any part . �'='�'�;��'�'j�
<br /> ;.: ��.- ; • tbereof, shall be taken by eminent domain, Benefici.ary is entitled ' -
<br /> � � to collect and receive ail compensatian which may be pafd for any � '
<br /> '��•�•. .� '� � '°` '. property taken or for damaqes to property not taken, and : � �- -- -
<br /> � . � Heaeficiary shall apply such compensation, at its option, either to �-�-;,;��
<br /> . a reduction of the indebtedness secured hereby or to repair and • .':
<br /> � � � . restore the property so taken. : ��r
<br /> . . ;�-.
<br /> ;
<br /> •. ' ' � . 7. Pe forman e by Beneficiarv. B�neficiary may, but sha�.l . ' ' .
<br /> . . , have no obligation to, do any act which Trustor I�as agreed b�3t ---
<br /> � � � � - Eailed to do, and Beneficiary may also do any act he deems ` �`� '
<br /> � . . .� � necessary to protect the lien hereof. Trustor agrees to repay, . �
<br /> � , � � upon� demand, any sums sa expended by Beneficiary for the abov,e �. �
<br /> '� � purposes, and any sum so expended by Beneficiary shall be added to �
<br /> ' ' � "��� the indebtedness secured hereby and become secured by the lien � ��
<br /> � �. �. � . � hereo�. Beneficiary shal.l not incur any personal liability because '� �
<br /> . . � � of anything it may do os omit to do hereunder. �
<br />� � : �.. 8. B�ssiqp�ent of Rents. Beneficiary shall hane the right, ., ' �
<br /> � power and authority during the continuance of this Deed of Trust to . � .
<br /> . . collect the rents, issues and profits of the property and of any � .
<br /> ., � personal property located thereon with or without taking possession �
<br /> of the property affected hereby, and Trustor hereby absolutely and ` ��
<br /> � . unconditionally assigns all such rents, issues and profits to . . •
<br /> �' � . • 2 � . .,. .
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