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<br />:,; event of lose, Truetor will give immediate notice in writing to --
<br /> BeneEiciary and Beneficiaxy may make prooE of loes if not made promptly by �
<br /> --- •� Truetor, and each ineuranca company concerned ie hereby authorized and =-
<br />• ' directed to make parent for auch loes diractly to Bennficiary inetead of `;.:
<br /> ' ' to T•ruetor and IIeneficiary jointly, and the ineurance procesde, or any --
<br /> •'.,,,� part thereoE, may be applied by Henef•iciary at i�e option either to the =
<br /> _ , � reduction of the indebtednees hereby secured or to the reetoration or t=>
<br /> 'r�� , repair of the proparty damaged. In the event of a Truetee's eale or other +_
<br /> =�:,,. - tranefer of title to eaid property in extinguiehment oE the Indebtedneee
<br /> o in and to �,��
<br />_:�° . secured hereby, all right, title, and intereat of the Truet r
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<br />-,• . • any ineurance policiee then in force ehall paee at the option oE the �''—
<br /> �t Heneficiary to the purchauer or Beneficiary. �
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<br /> , f. He will keep the 9aid premisee in as good order and condition ae
<br /> ,s they are now and will not commit or permit any waete thereof, reaeonable F'-
<br />,+ � wear and tear excepted, and in the event of the failuxe of the Trustor to �
<br /> keep the buildinge on eaid premises and those to be erected on eaid �-•-.
<br /> �•� � premiees, or Improvements thereon, in good repair, the Seneficiary may __
<br /> �� . • make euch repaire as in the Beneficiary'e diearetion it may deem neceseary
<br />;;,,:;;, �: ;• for the propex preservati.on Chereof, and any sume paid for such repaire
<br />_;��,.��;,; � shall bear Intereet from the date of payment at the rate epecified in the —
<br /> � � note, ehall be due and payabls on demand and ehall be fully secured by
<br />'`';.'a.....,, tr.is Deed of Tr�ust.
<br />_°..._
<br /> _:s�,�.r,,y���: .
<br /> ^�_;,;�;.j;��.,. g. He will not without the prior written coneent of tlie Beneficiary
<br /> voluntarily create or permit to be created againet the property eubjeat to
<br />_';.I:�;,, ", this Deed of Truet any liene inferior or euperior to the lien of thie Deed
<br />__ .;•,F�, of Truet and further that he will keep and maintain the same free from the
<br /> �:.5�� • claim of all persong supplying labor or materials which w�11 enter into
<br /> . ' the conetruction of. any and all buildinge now being erected or to be
<br /> _`�.:Y"n� -
<br /> - -_ erected an said premises. �
<br />�_ '�.:.�,`,',
<br /> -'� ���. h. xe will not rent or aeeign any part of the rent of eaid property or
<br /> —_ �r.tt�: ,+!
<br /> _-_°�•P.'�,•� demolieh, remove, or subetantia'lly alter any building without the written
<br /> -�-::�'�z::'.��:,.� consent of the Beneficiary. --
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<br />= . 9. In the event the Truetor faile to pay any Federal, State, or Local
<br /> �.
<br /> --_.ii:�':. Tax Assessment, income Cax or other tax �.ien, charge, fee, or other expenee --
<br /> 1 •.;�;, � charged to the property hereinabove deecribed, the Seneficiary is hereby —
<br /> - ��""�"" ` authorized to pay the eame and any eum so paid by the Beneficiary ehall be added -
<br /> . Y to and become a part of the principal amount of the indebtedness evidenced by
<br /> �.���• eaid promfseory note. If the Truetor ehall pay and discharge the indebtednese
<br /> - ��{ • evldenced by said pzomiesory note, and ehall pay such sume and shall diecharge
<br /> � all taxee and liene and the coste, feee, and expenoes of making, enforcing and =.:._
<br /> � executing this Deed of Truet, then upon written request of the Beneficiary and �'
<br /> the aurrender of the Deed of Trust and Che note to the Truetee, the Trustee _
<br /> . shall, after payment by Truetor of the Trustee�s feea, reconvey the proporty to
<br /> the Trustor, or to the person or pereon� legally entitled thereto.
<br /> Ilo. The Truetor covenante that he ie lawfully seized and poeeeaeed of and
<br /> � hae the right to sell and convey said property; that the same is free f rom all
<br /> �
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