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<br /> 2. Tit�e. Trustor is the o�rrier of the Prop�rty�, has the r� ht ar�d author�t to can�re
<br /> � y y the
<br /> Property, and warran.ts that the �ien created hereby is a first ar�c� r�or Iien �n the JP
<br /> � r�perty a.nd
<br /> that t1�e e�ecut��n and d��ivery of th�� ��ed of Trust dfles r�at vlo�at� an con
<br /> y �ract or other
<br /> �b��gation ta vvhich Trust�r i s subj ect.
<br /> 3. Ta�esL..,AsseSsment�. Trust�r shal� pay before de�in �ent ail ta.x�s s
<br /> q , pec�al
<br /> assessrnents, and all �ther�harges aga.inst the Property now or hereai`ter Iev7ed.
<br /> 4. Insurance. Trust�r shal� kee� the Pr��erty rnsu.r�d a ainst darna e h f re ha�
<br /> � � Y ards
<br /> i r�c1u ded w��h the t�rm "extended �ov erage" a.�d such ather hazards as Lender ma r �
<br /> y ec�u�re, w�.th
<br /> cflmpan�es and in am�unts ac�eptable t� Lendcr, narnin� Lend�r �.5 an addit�onal named insured
<br /> with lo�s pa��a�I e �� th� Lender. In case of lns� under such �licies Lender �
<br /> � , s authorized to
<br /> adj ust, ����ect, and �om�aramise a11 c�a�ms thereur�der and sha11 ha�e the o t��n of a
<br /> p ppl�ing aII �r
<br /> pa�t af the insurance praceeds �i�to any indebtedn�ss secured hereb and in such arder as L
<br /> Y ender
<br /> may determ�ne, ��i� ta the Trustar to be us��. for the repa�r ar restarat�on of the Pra ex-� ""
<br /> � y, ar �����
<br /> far any other purpose �r object sat�sfac�nr�r �� �Lender vv�thout affectin the �ien '
<br /> T�ust � of thzs Deed of
<br /> for the fui� amount secured hereby befor� ��uch paymer�t ever t�ok �ace. An a '
<br /> • � Y ����cat��n
<br /> of praceeds �o �ndebte�ness sha11 n�t extend or p�st��ne the due date af an a ment
<br /> y p y s u.ndcr�he
<br /> I�ote, �r cure any default thereunder or here�n�l�r.
<br /> S. �s�ra�v. If required b� L�nder, Trustor shall a t� Lender. in such m
<br /> � Y J anner as
<br /> Lender rnay des�gnat�, suff�ient �ums �o enal��e Lender to a aII taxes �.ssessmen�s
<br /> I� � , , and other
<br /> c�arges agalnst th� 1'r�pert� as the� l��com� due� F�.r�her, u �n wrrtten dernand -
<br /> , p by I,ender,
<br /> Tru�tor �ha�l pay to L.end�r, �n �uch mann�r as Lender may des� nate �uff�c�ent surns t
<br /> � � a enable
<br /> Lender to pay as they bee�me du�, one or rn�re af the fol�owin : � the rem�um
<br /> � �} p s on the
<br /> prope�t�r �nsurance re�uired her�under, and �x�} the premiu.rns on an� mort a � insurance
<br /> requir�d�y Lender.
<br /> � �
<br /> 6, ��arntenance 1�� a��s and� �om liance with Laws. Trustor shal�� �ee the Pr�
<br /> �n g��d conditi on ancl re air• shal� - � pert�
<br /> p , prompt�y repair or repla�e any ��m.provement vvhich may b�
<br /> darr�.ag�d �r destro�ed; shall nc�t �c�mm�� or perm�t any waste or deter�aration of th �
<br /> e Propertv,
<br /> sha1� not remave, demal�sh, or substantia��y a�ter any af the im rovements on the Pr� e
<br /> � p rty, shal�
<br /> x���t comml�, suffer, or perm�t any aGt ta be done �n �r upon the Pro e in �io�ation �f ar� �a
<br /> p � y w,
<br /> c�rd�nanc�, ar r��uiat�on; and shall pr��ptiy d�scharg� at Trustor's cost and e� en
<br /> p se a�� ��ens,
<br /> e�cumbra-nce�, and charges�ev�e�, zmposed, or a�sessed aga�nst the Pra e or an art
<br /> 1� � �� ther�of.
<br /> 7. Em�nent Doma�r�. Lender is hereby ass�gned a1I carn ensat�on awarc�s �.ama
<br /> � � , ges,
<br /> and oth�r payments or rel�ef�here�nafter, "Praceeds") in c�nn�ct�on w�.th co���lrin.at�
<br /> �rl ar a�her
<br /> tal�ing of a11 �r any�art of the Property, or f�r conveyance �n��eu of condenr�nation
<br /> . Lender shall
<br /> be er�t�t�ed at �ts opt�on ta commence, appear �n, and rasecute in its �v�m nam '
<br /> � e any act�on or
<br /> pr�ceeding, and sha�� a�so �e entit�ed to make any �ompramis� or settlerr�ent ��cannecti
<br /> , on w�th
<br /> ��ch ta.kin� or damage. Ir� �he even� that any p�r��on of the Pro e is so ta�en
<br /> p �-y or damaged,
<br /> Lender shall have the �ption, ir� �ts sole an�. abso�ute d�scret��n, to a I ai� su�h Pr
<br /> �p Y ace�ds, aft�r
<br /> deduct�ng therefrarn a�� ��sts and expenses incurred by it �n cannectian �v�th suc
<br /> h tak�ng ar
<br /> damage, upon any indebtedness secured hereby and ir�such order a� L�r�der rna deterxn'
<br /> y xne, or to
<br /> appl� aI� such Pr�cee�s, after su�h d�duct�ons, ta the r�storat��n �f the Pro ert u on
<br /> p Y I� s�zch
<br /> c�ndi�ian� as Lender may d.etermin�. Any appl�cation of Froceeds to indebtedr��ss
<br /> shal� not
<br /> ��tend or po stpone the due date af axzy payments und�r the Note, �r cure an • default ther
<br /> y �under
<br /> �r hereur�d�r. An��n.applied �unds shall be�aid ta Trustor.
<br /> 8. Perf�rmance by Lender� �pon the oc�urrence of an �v�r�t af Defau�t hereu
<br /> nder, �r
<br /> �f an� act rs tak�n ar l�ga�proceeding cornrnenced that mater�all affe�ts Lender's i '
<br /> � n�ere st in the
<br /> Pr�perty, Lender ma��n zts �wn �iscret�on, bu���thout ob��gatio�.t� do s� and without n `
<br /> , �t1G�ta
<br /> ar demar�d up�n Trustar, and wi�hout re�eas�ng Trustor fr�rr� ax� �b�i ation d� an a
<br /> Y � , y ct wh1 ch
<br /> Trustor has agree� but faxled ta d� and may also d.� any other� act 1t d�ems necessar t
<br /> y a protect
<br /> the securxt� hereof. Trust�r shal�, �mmediate�y upon �emand therefor b Lend�r a -
<br /> y , p y to Ler�der
<br /> al� costs axld expen�e� incurred and sums e�pende�. by Lender in c�nn�cti�n wi�h th
<br /> e exercxse by
<br /> Lender of the fGr�goin� r��ht�, �ogether v�rith xnterest thereon at th� defau�t rat� rovid '
<br /> p ed in the
<br /> Note, wh��� �hall be ad�ed to th� indebtedness secured hereb . Lend�r shall n�t `
<br /> Y xncur any
<br /> liabi��ty be�ause af anythin�xt mav d� or om�t to da hereunder.
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