Laserfiche WebLink
4. Insurance. <br />• <br />20130:878 <br />aforementioned property. The properties so conveyed to Trustee hereunder are he <br />to singularly as the "Property." <br />TRUSTOR COVENANTS that Trustor is lawfully seized of the estate he <br />and has the right to grant and convey the Property and that the Property is unenc <br />for easements, covenants and restrictions of record. Trustor warrants and will d <br />the title to the Property against all claims and demands, subject to any such easem <br />and restrictions of record. <br />Trustor and Beneficiary covenant and agree as follows: <br />1. Payment of Principal and Interest; Prepayment and Late Charges. <br />promptly pay when due the principal of and interest on the debt evidenced by th <br />prepayment and late charges due under the Note. <br />2. Application of Payments. All payments received by Beneficiary <br />1 shall be applied: first, to late charges due under the Note; second to interest d <br />principal due. <br />3. Charges; Liens. Trustor shall pay all taxes, assessments, char <br />impositions attributable to the Property which may attain priority over this Dee <br />leasehold payments or ground rents, if any. Trustor shall pay them on time directl <br />owed payment. Trustor shall promptly furnish to Beneficiary all notices of amo <br />under this paragraph. Trustor shall promptly furnish to Beneficiary receipts <br />payments. <br />Trustor Shall promptly discharge any lien which has priority over this De . <br />the above - described Property or which may impair the security of this Deed o <br />Trustor: (a) agrees in writing to the payment of the obligation secured by the lie <br />acceptable to Beneficiary; (b) contests in good faith the lien by, or defends again• <br />of the lien in, legal proceedings which in the Beneficiary's opinion operate t <br />enforcement of the lien or forfeiture of any part of the Property; or (c) secures fro <br />the lien an agreement satisfactory to Beneficiary subordinating the lien to this De <br />Beneficiary determines that any part of the Property is subject to a lien which may <br />over this Deed of Trust, Beneficiary may give Trustor a notice identifying the lien. <br />satisfy the lien or take one or more of the actions set forth above within 10 days o <br />notice. <br />(a) All risk property insurance covering all risk of loss by fire, <br />risks customarily covered by standard extended coverage endorsement, t• <br />vandalism and malicious mischief endorsement or on all perils endorsem <br />replacement cost endorsement, all in amounts not less than the full replace <br />eafter referred <br />eby conveyed <br />bered, except <br />fend generally <br />nts, covenants <br />Trustor shall <br />Note and any <br />der paragraph <br />e; and last, to <br />es, fines and <br />of Trust, and <br />to the person <br />is to be paid <br />videncing the <br />d of Trust, on <br />Trust, unless <br />in a manner <br />t enforcement <br />prevent the <br />the holder of <br />d of Trust. If <br />attain priority <br />Trustor shall <br />the giving of <br />Trustor shall keep or cause to be kept insurance on the Property of e following <br />character: <br />lightning and <br />gether with a <br />nt and a full <br />ent cost of all <br />