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201406937
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Last modified
7/20/2017 9:38:47 PM
Creation date
10/31/2014 2:36:02 PM
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DEEDS
Inst Number
201406937
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` ` �Q140693� <br /> �a. Payment of a11 sums advanced by$eneficiary to protect the Trust Estate,with interest <br /> thereon at the rate of 6%per annum. <br /> Tfiis Deed of Trust, the Nate, and �ny ather instrument giv�n to evidence ar further <br /> secure the payment and perfonnance of any obligation secured hereby are refer3red to collectiveiy <br /> as the"X.oan Instruments." <br /> TO PTt.4TECT THE SECU�tITY qF TFii�DEED 0�'TEtUST: <br /> 1. PAYM�TTTT pF INDEBTEDNESS. Trustor shall pay when due tLe principal and the <br />� interest on, the indebtedn�ss evidenced by the Note,charges,�'ees and all other ssuns as provided <br /> in#he Loan Instruments. <br /> 2. TAXES, Trustar shall pay each installment of all taxes and special assessments of <br /> �very kind, now or hereafter lev#ed against the Trust Bstate or �ny p�rrt thcr�f, before <br /> delinquency, without natice or demaad, and shall provide Beneficiary with evidence of the - <br />� payment of same. Trustax shall gay all t�xes and ass�essments which may be levied upon <br /> Beneficiary's interest herein or apon this Deed of Tt'ust or the debt secured hereby, without <br /> regard to any law that m�y be enacted imposing paymeni of the whole or any pa�rt thereof upon <br /> Beneficiary, <br /> 3. INSURANCE ANp R,EPAIRS. Trustar shalt maintain fire and extended covera�e <br /> inse�.nce ir�surin� the improvements and buildings canstituting part of the Trust Estate far are <br /> a�mount no less than the a.mount of the unpaid principal�balance of the Note {cQ-inaurance not <br /> exceeding $0% permitted). Such iasurar,ce policy sh�il contain a standaard mortgag� clause in <br /> f�vor af Hene6ciazy and shall not be canc�llable, terminable or inodifiable without ten(10}days <br /> prior writt�n noticE ta Heneficiazy. Tr�stor shall pmmptty rep�ir, maintain and replace the Tntst <br /> Estat,� or any part thereof so that, �xcept for ordit�ary wcar and tear, the Trust Estate shal! not <br /> d�terivrate. In na event shal!#he Trustor commit waste on or tc�the Trust Estate. <br /> I 4. ACTIt�NS AFFECTING TR,UST ESTATE. Trustc�r sha,il appear in and cantest any <br />� action or pr�eeding purporting to affect the security het�crf or th� rights or powers of <br /> Berteficiary or Ttvstee, �nd shall pay at! cost� and �xpenses, including cost of evidencc of t�tle <br /> i and attorney's F�s, in any such a�ction or proceeding in which Beneficiary or Trustee may <br /> appear. Should Trustor fail to make �ny paymen#or ta do any act as and in the m2isnn�r provid� <br /> in any of the Loan Ynstrum�nts, Beneficiary and/or Tn�stee, each in its own discretion, withaut <br />� ohligation sa to da and withaut notia�to or cicmand upon Trustor and without relea�sing Trustar <br /> from any obligation, may make or do the same in such manner arid to such e�cteat as eith�r ma�+ <br />� deem necessary ta protect the��curity hereof. 'T'rustar sha11,imm�diately upon demand th�refare <br /> by Beneficiary, pay a31 casts and expenses incurred by �enefici�ry in connection with the <br /> exercise by.�eneficiary of the �or�going rig,hts, ineluding without limitatian costs af evidenCe af <br /> tid�, caurt costs, appraisals, surveys,and attorney's fees, Any such costs arid expenses not paid <br /> within ten (10) days of written demand sha11 draw int�rest at the default rate provided in the <br /> Note. <br /> S. EMiNENT DOMAIN. Should the Tn�st Estate, o�any part thereof or interest ther�in, <br /> be tak�n or d�unaged by reason af any public impro��ement ur condemnation proceeding, or in <br /> � <br />
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