(c) the payment of any sum or sums of money which may be hereafter
<br />paid or advanced by Beneficiary under the terms of this Deed of Trust, together
<br />with interest thereon at the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as
<br />follows:
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<br />1. Payment of Indebtedness. To pay when due, the principal of, and the interest on, the
<br />indebtedness evidenced by the note, charges, fees and all other sums as provided in the loan
<br />instruments.
<br />2. Title. Trustor is the owner of the property and has the right and authority to execute
<br />this Deed of Trust in respect to the property.
<br />3. Taxes and Assessment. To pay, when due, all taxes, special assessments and all other
<br />charges against the property, before the same become delinquent, and, in the event Beneficiary
<br />shall so require, to add to the payments required under the note secured hereby, such amount as
<br />may be sufficient to enable Beneficiary to pay such taxes, assessments or other charges as they
<br />become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate
<br />described herein insured against damage by fire and such other hazards as Beneficiary may
<br />require, in amounts and companies acceptable to Beneficiary, and with loss payable to
<br />Beneficiary, as an additional insured. In case of loss under such policies, Beneficiary is
<br />authorized to adjust, collect and compromise, in their discretion, all claims thereunder and, at its
<br />sole option, is authorized to either apply the proceeds to the restoration of the property or upon
<br />the indebtedness secured hereby, but payments required by the note shall continue until the sums
<br />secured hereby are paid in full.
<br />5. Repair, Maintenance and Use. To promptly repair, restore or rebuild any buildings or
<br />improvements now or hereafter on the property; to keep the property in good condition and
<br />repair, without waste and free from mechanics or other liens not expressly subordinated to the
<br />lien hereof; to not make, suffer or permit any nuisance to exist nor to diminish or impair the
<br />value of the property by any act or omission of act; and to comply with all requirements of law
<br />without respect to the property.
<br />6. Condemnation. In the event the property, or any part thereof, shall be taken by
<br />eminent domain, Beneficiary is entitled to collect and receive all compensation which may be
<br />paid for any property taken or for damages to property not taken, and Beneficiary shall apply
<br />such compensation, at its option, either to a reduction of the indebtedness secured hereby or to
<br />repair and restore the property so taken.
<br />7. Performance by Beneficiary. Beneficiary may, but shall have no obligation to, do any
<br />act which Trustor has agreed but failed to do, and Beneficiary may also do any act it deems
<br />necessary to protect the lien hereof. Trustor agrees to repay, upon demand, any sums so
<br />expended by Beneficiary for the above purposes, and any sum so expended by Beneficiary shall
<br />be added to the indebtedness secured hereby and become secured by the lien hereof. Beneficiary
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />8. Assignment of Rents. Beneficiary shall have the right, power and authority during the
<br />continuance of this Deed of Trust to collect the rents, issues and profits of the property and of
<br />any personal property located thereon with or without taking possession of the property affected
<br />hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues and
<br />profits to Beneficiary. Beneficiary, however, hereby consents to Trustor's collection and
<br />retention of such rents, issues and profits as they accrue and become payable, so long as Trustor
<br />is not, at such time, in default with respect to payment of any indebtedness secured hereby, or in
<br />the performance of any agreement hereunder. If any event of default described hereafter in
<br />respect to this Deed of Trust shall have occurred and be continuing, Beneficiary, as a matter of
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