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<br /> paid at least �hinc (:i0) days heforc� t•xE>i�•a�ion. If"I'��istor fails tu xo�1eli�•er ant• renr��al p�ilicic�s, lleni•fici��iy ms�v p�cuure•
<br /> SUCtI 1115Uiillll'e as it map elect and may make paymrnt of premiums ther�•on, which pa�•ment is repayahle on deutian�l.
<br /> Neithee�7'nistee nor Rrneficiary•shaC be responsibie for ohtaininfi�r maintainii��s�irh i��sur.ince. Benefici,�ry, i'rom time t�
<br /> �ime,may[arnish t�any in���r��nce a�ency or c�ni��any,or any other parso�s,:sny isifo:�tsatitn:c�»taie�t•c!in or eYtracted lront
<br /> any i��surancr policy ti�eretofore deti�•ered to Benefiriary pursu.�nt hrreto,and any infannation conceming the loan secured
<br /> � herebv ln no event and whether ar nut defautt liereunder has accutred sl�all aeneficiatv up Qie�fact of uf�pr�ving,acccptiag
<br /> or o6iaining sueh insurance.incur any liahility for the amount of such insur.inre.the fonn nr Ie,�1 sufticiency of insurance
<br /> _ _ .________ rnntracts, solvency of i�sumrc, or payment of loscPS hy insurers, and Tn�st�r hPmhy t�x�rFCC1y ,�cc��mec fid! �e�E►�►ns�bil�ty
<br /> therefar and liabiliry,if any.thereunder.In the event of loss,Tn�stor shall gi�•e immediate written nodce ta Beneficiary;and
<br /> BeneRciary may,but is not obligated to,make praof af loss if not made pmmptly by Tnastor. ln case of any loss the amount
<br /> collected under any policy of insurance on such property may,at the option of the Beneficiary,be applied by Beneficiary
<br /> upon any indebtrdness and/or obligation secumd hereby and in such order and amount as Beneficiary may determine; or
<br /> said amount or any portion thereof may, at the option of the Beneficiary, either he used in replacing or restoring the
<br /> improvements partially or totally destroyed to a condition satisfactory to said Beneticiary, or said amount or any portion
<br /> thereof may be released to the Trustar.In any such event neither the Tnistee nor the Bene�ciary shall be obligated to see to
<br /> � the proper application thereof:nor shall the amount so released or used be deemed a payment on any indebtedness secured
<br /> hereby.Such application,use,and/or release shall not care or waive any default or nodce af default hereunder or invalidate
<br /> • any act done pursuant to such notice. Any unexpired insurance and all returnahle insurance premiums shall inure to the
<br /> benefit of,and pass to,che purehaser of the property covemd thereby at any Trustee's sale held hereunder. If said pmperty is
<br /> sold pursuant to the pa�ver of sale contained herein or pursuant to any decree of foreclosure, all right,tide and interest of
<br /> Trustar in and to lhe proceeds of fire and other insurance policies for damage prior to the sale,�vhich proceeds are not
<br /> received prior to the date of said sale,sha116elong to Beneficiary.
<br /> Taxes and Other Sums Due:To pay,satisfy and discharge, at least ten (10)days before deliquency;all general and
<br /> sp,cial taxes and assessments af�'ecting such propert};and in no event later than the date such amounts become due,(1)all
<br /> encumbrances,charges and liens,with interest,on such property,or any pan thereof,which are,or appear to Seneficiary to
<br /> be prior to or superior hereto, (2) all costs, fees and expenses of this trust, whether or not described herein.(3) fees or
<br /> c�arges for any statement regarding the obligation secured hereby in any amount demanded by Beneficiary, not to exceed
<br /> the maximum amount allowed by law therefar at the time when such reyuest is made. (4) such other charges as the
<br /> Beneficiary may deem reasonable for setvices rendered by� Beneficiary and furnished at the request of'Trustor or any
<br /> successor in interest to Trustor,(5)if such property includes a leasehold estate,all payments and obligatians required of[he
<br /> Trustor or his successor in interest under the tetms of the instrument or instruments creating such leasehold,Tnastor hereby
<br /> agreeing not to amend,chacige,or modify his leasehold interest or the terms on which he has such leasehold interest,or to � .
<br /> agree to do so,without the written consent of Beneficiary being first obtained,and(6)a1) payments and monetary obligations •
<br /> required of the owner of such propeny under any declaration or covenanu,conditions and restrictions penaining to such
<br /> property or any modification thereof. Should Trustor fail to make any such payment, Beneficiary. without contesting the '
<br /> "2�1L;l��^2'2.^.:C'«.^.:�SIl2j .°.�.°.�:lL�SI2.:LE 3T.^�w:.^�Ci€£SwC�i '�3�Z�'Sil�iii.�g£L}S�i tit'It�i o1i�Z�S��L°n�3i.rS�.S. aa:CS vi t�ui�'a:a�a.�$Ziii� _
<br /> thereto,induding employing counsel and paying his reasonable fees.Tnistor agrees to nodfy Beneficiary immediately upon , �
<br /> receipt by Trustor of notice of any increase in the assessed value of such propeny and agrees that Beneficiary. in the name
<br /> of Tn�stor,may contest by appropriate proceedings such increase in assessmen� _ _
<br /> In the event of the passage of any law deducting from the value of real property for the putposes of taxation of any �
<br /> lien thereon,or changing in any way the laws for the taxation of deeds of uust or debts secured by deeds of trust for state or ' _�:
<br /> local purposes,or the manner of the collection of any such taxes,so as to affect this Deed of Trust,the holder of this Deed ' -
<br /> of Trnst and of the obligations which it secums shall have the right to declare all sums secured hereby due as of a date to be "
<br /> specified by not less than 30 days'wriaen notice to be given to Tn�stor by Beneficiary;provided,however,that such election f
<br /> shall be ineffec[ive if Trvseor is penniued by law to pay the whole of such tax in addition to all other payments required
<br /> hereunder and if,prior to such specifed date,does pay such tax and agrees to pay any such tax when hereafter levied or
<br /> assessed againsc such property,and such agreement shall constitute a modification of this Deed of Trus� }
<br /> Sums Advanced to Bear Ynterest: To pay immediately upon demand any sums advanced or paid by Beneficiary or �
<br /> Tn�stee under any clause or provision of this Deed of Trust Any such sums, until so repaid, shall be secumd hemby and ' �. '
<br /> bear interest from the date it was advanced or paid at the same rate as such indebtedness and shall be secured by this Deed �-
<br /> of T�vst
<br /> ���.-
<br /> Assigpment of DeposiLs:That as funher additional security if this be a construction loan,Tnistor hemby transfets and :� :
<br /> assigns to Beneficiary during continuance of these Trusts, all right, tide and interest to any and all monies deposited by "' .
<br /> Tiustor or deposited on behalf of Trustor with any city� county,public body or agency, sanitaty disuict,gas and/or electric �
<br /> company,telephone company and any other body or agency,for the installation or to secure the installation of any udlity by
<br /> Trustor pettaining to this property.
<br /> ' Failure of Tn�stor to Comply with Deed of Trust:Should Maker or Trustar fail to make any payment,or to do any act
<br /> as provided in this Deed of Trust,or fail to perfonn any obligaaon securd by this Deed of Trust, or do any act Maker or
<br /> Trustos agreed not to do,Trustor shail be in defauit ur�der this Deed of Trus� Brurficia�y, but without obtigation so to do
<br /> and without notice to or demand upon Trustor and without releasing Trustor from any obligation hereof and without
<br /> • contesting the validiry or amount of the same, may (a) make or do the same in such manner and co such excent as it may
<br /> deem necessary to protect the security hereof, Beneficiary being authorized to enter upon such properly for such purposes,
<br /> and (b) pay, purchase,contest or compromise any encumbrance, charge or lien, which in its judgment is or appears to be
<br /> prior ar superior hereto, and (c) in exercising any such power, pay necessary expenses, employ counsel and pay his
<br /> reasonable fees.Trustor agrees to repay any amount so expended on demand of Beneficiary.
<br /> Td'LS MtTi'[JAI.LY AGREED THAT: .- _ _-
<br /> � Iati tion:Trustor shall defend this'I'rust in an action or roceedin u ottin to affect such ro e whether or ,
<br /> � Ka Y P g P rP g P P nY
<br /> not it affects the security hererof,or purponing to affect the rights or powers of Beneficiary or"fnustee, and shal! cile and
<br /> j'3:0.°..°.CC�SIa�uii R�CC"uSoij TlBSiii^a nfii�a nCitb:i5 tG �i2LC�iiI G� t`El'UVCI IVI a��y c�mnagc- tu ur �3r�Uuctivn uf auci� YIV�CIly: ilt1U � ---
<br /> � eithrr Z'rustee or Beneftciary is hereby authorized,without obligation so to do,to commrnce,appear in or defend any such .
<br /> --- acuon,cvhether brought by or against Trustor,$eneficiary or Ttvstee,or with or without suit,to exercise or enforre any other `�f t
<br /> L right,remedy ar power availablr or conferred hereunder,wheth�r ar not jud�,mient be•entered in any action w•proceedin};; �
<br /> and Ttvstee or Beneficiary may appear or intrtvene in any artion or proce•eding,and retain counsrl therrin:and take tiut h �
<br /> � action therein,as either may bc advised and may srtdr,rompromise ur pxy thi•sa�nr ui :�ny�,thrr i laiim.��ul,i�� tl�.0 beiiall 1�
<br /> .u�d for at� uf tiaid rui wsrs,ma cx�cud and advanic such sums uf�nt�nr �s cithcr m.i drem nr�rtiyai�•. Wtirthc•r or ncit ��
<br /> i Y ( 1 Y ! Y� Y . �
<br /> ---- '(rustor sn ,ippearti�,r �l<•fe•nds. l��utitr�r�,n de•inand tiI171II �7<lY .lII i u�t� :ind �•xp<•ntic� �►f Re•�u�ti�i:i�} :+ncl 7�i7ist�•e•. i�u luditi}; . �-
<br /> ---r, i��sts of rvitfe•tur uf��iUr .�n�1 �itt��rue•y'ti !r<•r in .� ►rawual►Ir .um. ii� a�i� �u�li .0 uun rn �n�u�•rdni� �n �tihic h It�•nrfi��an rn •� •
<br /> 4�
<br /> Itu�ter tn,ry n{�}��•.0 hy �ittur r�f hrii�y; in,ulc .i �r�ity �Ir•(c��dant n► i��h�•i�si�t� �in�i ��ii•,�,�•�u�i• ut ��lu•tl�r� ihc• i��ti•i�•,t nf
<br /> �A��: lit•nrli�i.�rv�n I iutitr�•iu s�u�I F�I�i�►Ptt� Iti�II1�•i IIy ��Uf�tiurmt•�1 I�y tiu�h a�tiun, iui luihn�;I�ni n��i lininr�l in.�ii� .0 uun lu� ilu•
<br /> ;���/�` ����uft•n�n.�tum ut ��.mm��n �,t .u�1��,in���•��� .in�l .,nv ��nt In��u�;hl In Re•nrh�i.u� ir� t��i�•i I��,r ihi, lte•r�l ��f I�u.t
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