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<br />89. 100888
<br />1. Payment of Indebtedness. To pay-when due, the principal of, and the interest
<br />on, the indebtedness evidenced by the note, charges, tees and all other sums as pro -
<br />vided in the loan instruments.
<br />2. Title. Trustor is the owner of the property and has the right and authority
<br />to execute this ©aed of Trust in respect to the property.
<br />3. Taxes and Assessments. To pay, when due, all taxes, special assessments
<br />and all other charges against the property, before the same become delinquent, and,
<br />in the event Beneficiary shall so require, to add to the payments required under
<br />the note secured hereby, such amount as may be sufficient to enable Beneficiary to
<br />pay such taxes, assessments or other charges as they become due.
<br />4. Ins_ u ance. To keep the improvements now or hereafter located on the real
<br />estate dssrribed herein insured against damage by fire and such other hazards as
<br />Beneficiary may require, in amounts and companies acceptable' to Beneficiary, and
<br />with less ;xayab?e to Beneficiary. In case of los= under.. such. ppli Gies, Beneficiary
<br />is authorized. to adjust, collect and campkamise, in its tl_zcreti n' , all claims th,.re-
<br />under and, at its sole optic�,.r is. au,- zed:` o. -.either .appiy.:.tte proceeds tn:; fihe
<br />restatatiary of the oroperty cr upon but par ^,a cts
<br />re i W ,r .t ^a note shall continue until the surrrs secured he eby. are paid in full::.'
<br />h1 p --ptiy repair,. • ettare or . r_tiu � }d _ -;ty
<br />�. .... d.,�.r.�.,_ Maintenance and Use. To =u�,
<br />buil-vin-s or improvements now or hereafter ca `'2 pr ape keep t -: prp.r�rty
<br />in goad condition and repair, without Waste and free t ^i T "r°s'•Frr. CS or ccVier
<br />not expressly suborc = sated to the lien hereof; to not rake, gaffer or' permit iany
<br />nuisance to exist nor to diminish or impair the value of the property by any arc
<br />or omission to act; and to cm --ply with all requirements of law with respect to . ti
<br />property.
<br />6. Condemnation. In the event the property, or any part thereof, shall be
<br />taken oy eminent domain, Beneficiary is entitled to collect and receive all compensa-
<br />tion which may be paid for any property take}-t or f or damages to property not taken,
<br />and Beneficiary shall apply such compensation, at its option, either to a reduction
<br />of the indebtedness secured hereby or to repair and restore the property so taken.
<br />7. Performance by Beneficiary. Beneficiary may, but shall have no obligation
<br />to, do any act which Trustor has agreed but failed to do, and Beneficiary may. also
<br />do any act it deems necessary to protect the lien hereof. Trustor agrees to repay,
<br />upon demand, any sums so expended by Beneficiary for the above purposes, and any
<br />sum so expended by Beneficiary shall be added to the indebtedness secured hereby
<br />and become secured by the lien hereof. Beneficiary shall not incur any personal
<br />liability because of anything it may do or unit to do hereunder.
<br />B. Assignment of _Rents. Beneficiary shall - %ave the right, power and authority
<br />during the continuance of this Deed of Trust to so::ect the rents, issues and prc'`i..' :s
<br />of the property and of any personal property locat,c; `_hereon with or without tal- ng
<br />possession of the prsserty affected hereby, and Truster f,areby absolutely and uncc-.di-
<br />ti.isally ass:. -Cns ail such rents, issues and profits to Beneficiary. _ lzrefic.i=_ry,
<br />however, herela/ consents to Trustor's sollect_!rrl and retention of such re 's, :rives
<br />and profits as they accrue and become payabley so long as Trustor is eat, at such
<br />in default with respect to payme-it of any indetts -f7ess secured "ay-eby, or in
<br />the performance of any agreement hereunder. If any event. of default described here-
<br />after in respect to t ".is Deed of Trust sholl have occurrsd and be continuing, Benefi-
<br />ciary, as a matter of right and without notice to Trustor or anyone claiming under
<br />Trustor, and without regard to the value of the trust estate or the interest of the
<br />Trustor therein, shall have the right to apply to any court having jurisdiction to
<br />appoint a receiver of the property.
<br />g. T_ansfer of Property.. If all or any part of the pr:Yarty or any interest
<br />of Trustor .tt.ereln is soli;, transferred or further without the e;(p.:-^ess
<br />or written tc!')sent 'af Beneficiary, Beneficiary may, a:: Its sole option,• declare all
<br />sums secura by V- Claed of trust to be immed'atai -due a -d payat:, rend proceed
<br />to the remsil s avai _.a. ':c is under the default ;.� s =ions ccntailned herain.
<br />113. `rents of fa�Tault. Any of the following :sic its 5NA! be deemed dir evefit
<br />of default hereunder: "
<br />'n) Trustor shall have failed to rake payment of any in-
<br />stailr:!nt of Snterc�st, principal or pr °_ncipal and intr7.o.t nr
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