Laserfiche WebLink
(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: <br />201703043 <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 <br />