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20!e06463
<br />(c) the payment of any sum or sums of money which may be hereafter paid or
<br />advanced by Beneficiary under the terms of this Deed of Trust, toget er with interest thereon at
<br />the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby c.venants and agrees as
<br />follows:
<br />1. Payment of Indebtedness. To pay when due, the princ pal of, and the interest on,
<br />the indebtedness evidenced by the note, charges, fees and all other su s as provided in the loan
<br />instruments.
<br />2. Title. Trustor is the owner of the Property and has the right and authority to
<br />convey the Property and the execution and delivery of the Deed of T st does not violate any
<br />contract or other obligation to which Trustor is subject.
<br />3. Taxes and Assessments. To pay, when due, all taxes,
<br />other charges against the Property, before the same become delinque
<br />Beneficiary shall so require, to add to the payments required under th
<br />amount as may be sufficient to enable Beneficiary to pay such taxes,
<br />charges as they become due.
<br />4. Repair, Maintenance and Use. To not commit waste o
<br />and to use due care to prevent others from so doing; to keep the Prop
<br />repair; to keep the Property free from mechanics or other liens not ex
<br />lien hereof; to not make, suffer or permit any nuisance to exist nor to
<br />value of the Property by any act or omission to act; and to comply wi
<br />with respect to the Property.
<br />5. Insurance. At all times during the term hereof to keep
<br />against damage by fire, hazards included within the term "extended c
<br />hazards as Beneficiary may require, in an amount of not less than the
<br />and with companies acceptable to Beneficiary, including a standard
<br />payable to the Beneficiary and containing an additional provision tha
<br />canceled without prior written notice to the Beneficiary. In case of lo
<br />insurance proceeds shall be used for the repair or restoration of the Pr
<br />proceeds shall be applied against any indebtedness secured hereby an
<br />Beneficiary may determine. Any application of proceeds to indebted
<br />postpone the due date of any payments under the Note, or cure any d
<br />hereunder.
<br />6. Condemnation. In the event the Property, or any part t
<br />eminent domain, Beneficiary is entitled to collect and receive all com
<br />all indebtedness secured hereby, which may be paid for any Property
<br />Property not taken, and Beneficiary shall apply such compensation, a
<br />reduction of the indebtedness secured hereby or to repair and restore t
<br />7. Performance by Beneficiary. Beneficiary may, but sh
<br />any act which Trustor has agreed but failed to do, and Beneficiary ma
<br />necessary to protect the lien hereof. Trustor agrees to repay, upon de
<br />expended by Beneficiary for the above purposes, and any sum so exp
<br />be added to the indebtedness secured hereby and become secured by t
<br />shall not incur any personal liability because of anything it may do or
<br />8. Assignment of Rents. Upon written notice to Trustor,
<br />right, power and authority during the continuance of this Deed of Tru
<br />and profits of the Property and of any personal property located there
<br />possession of the Property affected hereby, and Trustor hereby absolu
<br />assigns all such rents, issues and profits to Beneficiary. Beneficiary,
<br />to Trustor's collection and retention of such rents, issues and profits a
<br />payable, so long as Trustor is not, at such time, in default with respect
<br />debtedness secured hereby, or in the performance of any agreement h
<br />default described hereafter in respect to this Deed of Trust shall have
<br />2
<br />pecial assessments and all
<br />t, and, in the event
<br />note secured hereby, such
<br />ssessments or other
<br />or damage to the Property
<br />rty in good condition and
<br />ressly subordinated to the
<br />iminish or impair the
<br />h all requirements of law
<br />he Property insured
<br />verage ", and such other
<br />eplacement value thereof
<br />ortgagee clause with loss
<br />the policy cannot be
<br />s under such policies, the
<br />perty and any excess
<br />in such order as
<br />ess shall not extend or
<br />ault thereunder or
<br />ereof, shall be taken by
<br />ensation, not in excess of
<br />aken or for damages to
<br />its option, either to a
<br />e Property so taken.
<br />11 have no obligation to, do
<br />also do any act it deems
<br />and, any sums so
<br />nded by Beneficiary shall
<br />e lien hereof. Beneficiary
<br />mit to do hereunder.
<br />eneficiary shall have the
<br />t to collect the rents, issues
<br />n with or without taking
<br />ely and unconditionally
<br />owever, hereby consents
<br />they accrue and become
<br />to payment of any in-
<br />reunder. If any event of
<br />ccurred and be continuing,
<br />
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