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201507490
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Last modified
7/21/2017 1:37:12 PM
Creation date
11/2/2015 10:01:13 AM
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DEEDS
Inst Number
201507490
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2� 15�749� <br /> �b} The performance of each agreement, c�venant and warranty of Trustor h�rein <br /> c�ntai.ned or set forth 7.n th�Not�or an.y agreement or�.st�urie��e������ed� r�i�S��l iI1 C�Il�l��l.��I1 <br /> y y y � <br /> �th t�ie inae�tedness hereby se�ured; and <br /> �c� The payment �f any sum or �ums of maney �with �nterest therean which ma be <br /> her � <br /> eafter pald or ad�ran�ed under the terms of thls D�ed of Trust. <br /> N�W, TH�REF�RE, T� PR�TE�T THE SECURITY C�F THIS DEEI] �F TRUST <br /> � <br /> Trustor does for Trustor and for Trust�r's heirs; represer�tatives, ven�.ees, successors and assi s <br /> � ? <br /> the awners of sard Pr�perty, hereby express�y covenant, agree and wa�rant to and with the T�uste� <br /> and Benef ciary, a�ld the�r successors,vendees and assi s: <br /> � <br /> FIRST: That the Trustor hereby covenants and a ees to the extent ermitted b I <br /> �' � p y aw, as <br /> fo�I�ws: [a�to pay prompt�y when due the principal and interest an�.other s�nas �f mone r�vided <br /> Y� <br /> for in the Note a:nd in this Deed �f Trust; �b� to prompt�y pay before de�inquenc al� ta�es, <br /> Y <br /> ass�ssments and �ther charges imposed by lav�up�n the Pro�erty, the Trust�r's interest therein, or <br /> upon this Deed of Trust or the Note; [�� t� keep the abave�described Pr�perty aa�d the <br /> �mprovements thereon in good conditi�n and repair an.d not t� commit or suffer waste thereaf, and <br /> except as autho�ized in ariy schedule anne�ed hereto ax�.d formi_�g a part hereof; �d�to maintain and <br /> d�liver to�enef�ciary-p�licies af insurance agair�st such hazards on the buildir� s and im rovements <br /> � � <br /> n�w or hereafter Iocated�n ar constituting a pa,rt of the Praperty as the Be�e�ciary shall req�.re, in <br /> such c�r�panies and amounts and with such Ioss payab�e clauses as shal� be satisfactory to tl�e <br /> B eneficiary; that in the event of 1a ss, B eneficiary is expressly auth�r��ed to sett�e or compr�mise <br /> claims under said po�icxes and the proceeds there�f shall be��.id to the ]Benefici who ma a � <br /> � Y p�Y <br /> the same or any part thereof on the indebtedness secured hereby �r toward the reconstruct�on or <br /> repa�r of said buildings ara.d�.provements �r release same to the Tru.sto�; �e� to pay any�ien, c�a.rm <br /> o�� �harge agai.nst the property which might take precedence over the lien hereof to a on <br /> a �� I� Y <br /> d�mand a.11 legal expenses, title sear�hes, appraisa.l �r attorneysi fees reasonab�y incurred or paid b <br /> Y <br /> Bene�iciary to callect the N�te or forec��se or pr�tect the Iien of th7.s Deed �f Trust; �g� that in the <br /> e�rent Trustor shall fail to c�mply with the�ro�isions of�a�throu above, the Benefic� ma <br /> �-�� �'Y Y <br /> e�pend such f�.r�ds and t�,ke such actio�.as is necessary to rem�d�such failure and all sums paid by <br /> tl�e B enef ciary pursuant he�et� with interest at the rate hereinafter providecl sha1� c�nst�tute a lien <br /> upon th� Praper�y, sh�l be secured by t�ris Deed �f Trust, and sha11 be im.mediatel due and <br /> Y <br /> repa�able to the Ber�efici�ry; ��not to sell the Pr�periy or a�a.y por�ion thereof without the approval <br /> of the B ene�iciary i� wrrting; and �a. the eve�t af a.�y sa�e here�n proh�bited, then the entire <br /> xndebtedness secured by this Deed of Trust s�ia11, a�the opt�on�f the Benef ci , become due and <br /> � <br /> payable; ��j th�.t �f the Proper�y �r any part or parcel thereof sha1l �e �:ken or damaged under the <br /> �ower of eminent domain., the award for �ny Prop�r� s� ta��n �r darna ed includin severance <br /> � � g <br /> darnages to the remai.ning premises} shaii be paid to the �en�f�ciary ar�d app�ied in�ru1� ar in p�art at <br /> the option of t�e Benefic�ary in reductxon of the �nde�ted.ness hereby secur�d; ' that the <br /> �� <br /> B�neficiary sha�X have the rx.gl�t to i�spect the Prop�rty at such reas�nable tirx�es as the Beneficiary <br /> may des�re to deterrnine Tr�.stor's �ompliarice with the covena.��ts conta�ned i�i�his Deed af Trust; <br /> (k� that the Beneficiary may r��ease fram the lxen hereof any art or arcel of the Pro e �v-ithout <br /> p p P �Y <br /> requ�..ng atly �ansiderati�n th.��efox, a�d �1� that Trustor is lawfully se�zed of sa�d premises and <br /> Pr�pert� � f�e sim�Ie, that the same ar� free fr�m aIl Iiens aa�d en�umbrances �xcept as may <br /> otherwi.se be specif ca�l� no�ed �ereiri �r v�aived. in �vriting by the Bene�ciary; that Trust�r �i1.� <br /> e�ecute or pr�c�ure any- �urther necessary assurance� of tit�e and does hereby warrant genera�ly the <br /> titie to sard P�operty and�vvill f�rever defend the�arne against t�ie claims and dema�ds of a�l ers�ns <br /> � <br /> �vhomsaever, and tha� Trustor's separate estate, whether vested, �ant�ngen� or in expectancy, is <br /> h�reby conveyec� arid Trustor d:oes hereb� express�y wa�ve, release �.1� rights and l�ene�ts of an <br /> Y <br />
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