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89100859
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Last modified
10/19/2011 6:05:17 PM
Creation date
10/20/2005 9:17:07 PM
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DEEDS
Inst Number
89100859
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L <br />-10 <br />im <br />89-�- 100859 <br />2.. TAXES. Trustor shall pay each installment of all taxes. <br />and special assessments of every kind, now or hereafter levied <br />against the Trust Estate or any part thereof, before delinquency, <br />without notice or demand, and shall provide Beneficiary with <br />evidence of the payment of same. Trustor shall pay all taxes and <br />assessments which may be levied upon Beneficiary's interest herein <br />or upon this Deed of Trust or the debt secured hereby, without <br />regard to any law that may be enacted imposing payment of the <br />whole or any part thereof upon the Beneficiary. <br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and <br />extended coverage insurance insuring the improvements and <br />buildings constituting part of the Trust Estate on the same basis <br />as insured prior to the date of the Deed of Trust. Stich insurance <br />policy shall contain a standzard mortgage clause ik La��r.4f <br />Beneficiary and shall. not be cancellable, terminaY�Z�' :or modifiable <br />without fourteen (141 cFays, prior written notice t6.B heficiary.- <br />Trustee• a'hall cause evidence of such insurance to b4-:-delivered to' <br />Beneficiary. Trustor'-shall promptly regain; ;-:.r. sin and replace <br />the Trust Estatte - :or any part thereof so that, • Oxcept for ordinary-', <br />wear and tear; - i hi- Trust Estate shall not da�el�arate. In no <br />event shall tE1P-.1%rustar commit waste on or to- <br />the zrust Estate. <br />9. i ^TI�Rv,a•..� L .TrI� .T�y�JST ESTATE. T'rr for shall appear in <br />and contest .ast act:fi¢�z-Or proceeding purporting to affect the <br />Trust Estate or the rig --'ts or powers,of Beneficiary or Trustee, <br />and shall pay all costs, and expenses, including cost of evidence <br />of title and attorney's fees, in any such action or proceeding in <br />which Beneficiary or Trustee may appear. Should Trustor fail to <br />make any payment or to do any act as and in the manner provided in <br />any of the Loan Instruments within ten (10) days of Trustor's <br />receipt of notice of such failure from Beneficiary or Trustee, <br />Beneficiary and /or Trustee, each in its own discretion, without <br />obligation so to do and without further notice to or demand upon <br />Trustor, and without releasing Trustor from any obligation, may <br />make or do the same in such manner and to such extent as either <br />may deem necessary to protect the security hereof. .Trustor shall, <br />immediately upon demand therefor by Beneficiary, pay all costs and <br />expenses incurred by Beneficiary in connection with the exercise <br />by Beneficiary of the foregoing rights, including a;,ithout <br />limitation costs of, evidence of title, court costs, appraisals, <br />surveys and attorney's fees. Any such costs aad expenses not paid <br />within ten (101 days of'written demand shall draw interest at the <br />rate equal to two (2) basis points above Norwest Bank Des Moines, <br />N.A.'s base interest rate. Trustor shall not use or allow use of <br />the Trust Estate for arty unlawful purpose. Trustor agrees not <br />to sell, transfer, lease,or further encumber the Trust Estate in <br />any way .rj-itftout prior written approval of Beneficiary. <br />S. SUBORDINATION AND FURTHER F1NANCINO. It is expressly <br />agreed by Beneficiary, Trustee and Trustor.: that this Deed of Trust <br />is subordinate to and subject to the following: <br />-3- <br />L .J <br />L_ <br />i <br />Z7 <br />rill <br />w <br />I <br />
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