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201403203
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Last modified
10/29/2014 3:33:13 PM
Creation date
5/30/2014 4:49:57 PM
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DEEDS
Inst Number
201403203
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2 <br />201403203 <br />given to secure the Trustor's obligation to repay any such future advances. <br />3. Trustor's Secondary Rights and Duties: While title is vested in Trustee and <br />until filing of Notice of Default, the Trustor shall: <br />A. Retain possession of the premises and collect the rents and revenues <br />therefrom. <br />B. Maintain the buildings and improvements located thereon in good condition <br />and repair and shall not remove or sell the same without the written consent <br />of the beneficiary which shall not be unreasonably withheld. <br />C. Procure and maintain policies of insurance against the usual hazards of fire, <br />hail, windstorm and other similar risks, in sums and underwritten by <br />companies acceptable to the Beneficiary, with loss payable to the parties as <br />their interests may appear, and deliver copies of such policies to said <br />Beneficiary. Said insurance policies shall be in an amount of not less than <br />the balance due on any promissory note or notes secured hereby, and shall <br />name the Beneficiary as an additional insured thereunder. <br />D. Pay all taxes and assessments against the above - described real estate prior <br />to delinquency. <br />E. Upon request of Beneficiary, Trustor shall pay to Beneficiary each month <br />such amount as is determined by the Beneficiary to be necessary to enable <br />the Beneficiary to have sufficient funds on hand to satisfy the Trustor's <br />obligation for insurance premiums, taxes, and assessments. <br />4. Default: Trustor covenants and agrees that its failure to make any payment of <br />either principal or interest on the Promissory Note secured hereby when due and payable, or of its <br />failure to comply with any of the covenants and agreements herein, shall cause the whole sum of <br />money hereby secured to become due and collectible at once at the option of the Beneficiary, and <br />the Beneficiary shall have the right to cause Notice of Default to be given and the premises sold as <br />provided herein. <br />5. It is Mutually Agreed That: <br />A. Trustee's Ordinary Duties: At any time and from time to time, upon <br />written request of the Beneficiary, payment of fees and presentation of this <br />Deed of Trust and the Promissory Note for endorsement (in case of full <br />reconveyance, for cancellation and retention), without affecting the liability <br />of any person for the payment of this indebtedness, Trustee shall (a) consent <br />to the making of any map or plat of said property; (b) join in granting any <br />easement or creating any restriction thereof; (c) join in any subordination or <br />other agreement affecting this Deed of Trust or the lien or charge thereto; <br />(d) reconvey, without warranty, all or any part of said property. <br />
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