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<br />101090
<br />1. 1. Payment of Indebtedness. To pay when due, the principal of, and the interest
<br />on, the indebtedness evidenced by the note, charges, fees 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 need 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
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<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.
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<br />4. Insurance. To keep the improvements now or hereafter located an the real
<br />estate described herein insured against damage by fire and such other hazards as
<br />Beneficiary may' require, in, �. o_ ti- and .,car anies acceptable to Beneficiary, and
<br />:tith lass payable to Bene !�,`;��.: > '? ",.rasAt . of loss user s�±r: policies, BeneF.L.py
<br />k x ` :,thorized to ad jws'r �:.� t, •, .;irhmP =cMi §e sir : ,*' r a �G.ion all
<br />+' `�T and at ice... , �,tr .si,tidn 1%% ml +horized to e tk r a Ii Vy.:.h2:.�y rc va:' ..r
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<br />4sioration of th �. =+: 4 v the 440 debtedrec �: secu.' ,� ..c��. �' alit gents.
<br />: %- Y . .... a �i,
<br />required fey- the no'na1`� ' tA64j1'u^2 �jz i. �:1? .s uns secured hefi%?lby� acd;sz {�i .in'; fc'
<br />s,
<br />5. flair, 74intenef:c '..,enW.,,' ,: To `Prromptly repairs' _eE'v E.,: re'tt Uat any
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<br />buildings .pr ' irj:nents r:' o~ :,grafter on the praperyn .��:::t�rY.,: fche±�erty
<br />in good cidn4itio6`r :, j1d repljt)Tr' without was. :std frame: Exam 'rirarJ�. t as: - ar'ttth r. Lens
<br />not expre l��y ;sa�tia�c4#ina#.ad'' to the lien hereiafi;;: ,ta'..,ni b 'iia�r?:;,. i Tor . or peztitzt': any
<br />+_:t3F,
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<br />nuisenc(k to 'diminish or impa3:i "til ra' prnpe:cty by any act
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<br />oz:.'cimiesx#7r ta act and to comply with all requirLtmsnts of law with respect to the
<br />��u�operty.
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<br />6. Condemnation. In the event the property, or any part thereof, shall be
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<br />taken by eminent domain, Beneficiary is entitled to collect and receive all compensa-
<br />tion which may be paid for any property taken or for damages to property not taken,
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<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 z,xVanded by Beneficiary shall be added to the indeotedness secured hereby
<br />art: ;e:ons, secured by the lien hereof. Beneficiary shall not incur any personal
<br />y 'necause of anything it may do or snit to do hereunder.
<br />8. �jsignment of Rents. Beneficiary shell have the right, power and authority
<br />during tna continuance of this Deed of Trust to collect the rents, issues and profits
<br />of the property and of any personal a. ooert y located thereon with o: without taking
<br />possession of the property affected ,-sere .y, and Trust-or hereby absolutely and uncondi-
<br />tionally assigns all such gents, issues a:z.d profits to Beneficiary. Beneficiary,
<br />however, hereby consents to Trustor's collection and retention of s -ich rents, issues
<br />and profits as they accrue and become payable, so long as Trustor is not, at such
<br />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 here-
<br />after in respect to this Deed of Trust shall have occurred 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, =,!gall heve the right to apply to any court having Jurisdiction to
<br />appoint a rer_eive'r 'of the,.p:operty.
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<br />9. Transfer cf era t.tr.,. if all cr `_ny part of the property .::r any interest
<br />r,f , Trustor therein' . is sdtd; . trar,aftSi -ZP _ :;a: further encumbered wi th�rc 1t the express
<br />or written, consent of Beneficiary, may, at its sole option, declare' a-
<br />sums secured by this Deed, of trust to t;e.immediately due and payable and rr_ceed
<br />to the remedies available to it under the default provisions ccntained herein.;;:.
<br />10. Events of Default. Any of the following events shall be deemed an event
<br />of default hereunder:
<br />;a) Trustor shall have failed tc make payment of any in-
<br />st_+llrnzmt of interest, principal or principal aM interest or
<br />any other suns secured hereby wher, due;
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