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201407146
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201407146
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Last modified
11/12/2014 3:27:12 PM
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11/12/2014 3:27:12 PM
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DEEDS
Inst Number
201407146
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2014071413 <br />(c) To keep the above - described Property and the improvements thereon <br />in good condition and repair and not to commit or suffer waste thereof; <br />(d) To maintain and deliver to Beneficiary policies of insurance against <br />such hazards on the buildings and improvements now or hereafter located on or <br />constituting a part of the Properly as the Beneficiary shall require, in an amount not <br />less than the total outstanding indebtedness herein and with such loss payable <br />clauses as shall be satisfactory to the Beneficiary; that in the event of loss, Beneficiary <br />is expressly authorized to settle or compromise claims wider said policies and the <br />proceeds thereof shall be paid to the Beneficiary who may apply the same or any part <br />thereof on the indebtedness secured hereby or toward the reconstruction repair of <br />said buildings and improvements or release same to the Trustor; <br />(e) To pay any lien, claim or charge against the Property which might take <br />precedence over the lien hereof; <br />(f) To pay on demand all legal expenses, title searches, appraisal or <br />attorney's fees reasonably incurred or paid by Beneficiary to collect the Note or <br />foreclose or protect the lieu of this Deed of Trust; <br />(g) That in the event Trustor shall fail to comply with the provisions of (a) <br />through (f) above, the Beneficiary may expend such finds and take such action as is <br />necessary to remedy such failure and all sums paid by the Beneficiary pursuant <br />hereto with interest at the rate hereinafter provided shall constitute a lien upon the <br />Property, shall be secured by this Deed of Trust, and shall be immediately due and <br />repayable to the Beneficiaries, Dale D Johnson and Kevin E Johnson. <br />(h) Not to sell the Property or any portion thereof without the approval of <br />the Beneficiary in writing; and in the event of any sale herein prohibited, then the <br />entire indebtedness secured by this Deed of Trust shall, at the option of the <br />Beneficiary, become due and payable and in the event of any sale herein prohibited, <br />then the entire indebtedness secured by this Deed of Trust shall, at the option of the <br />Beneficiary, become due and payable; <br />(i) That if the Property or any part or parcel thereof shall be taken or <br />damaged under the power of eminent domain, the award for any Property so taken <br />or damaged (including severance damages to the remaining premises) shall be paid <br />to the Beneficiary and applied in full or in part at the option of the Beneficiary in <br />reduction of the indebtedness hereby secured; <br />
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