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89101239
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Last modified
10/19/2011 7:42:09 PM
Creation date
10/20/2005 9:20:44 PM
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DEEDS
Inst Number
89101239
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E <br />.r t <br />1 <br />10:1239 <br />amount no less than the amount of the unpaid principal <br />balance of the Note (co- insurance not exceeding ao$ <br />permitted). Such insurance policy shall contain a standard <br />mortgage clause in favor of Beneficiary and shall not be <br />cancelable, terminable or modifiable without ten (10) days <br />prior written notice to Beneficiary. Trustor shall promptly <br />repair, maintain and replace the Trust Estate or any part <br />thereof so that, except for ordinary wear and tear, the <br />Trust Estate shall not deteriorate. In no event shall the <br />Trustor corrzit waste on or to the Trust Estate. <br />D. ACTIONS AFFECTING TRUST ESTATE. Trustor 9.h&11 �mggear in and <br />contest .any action or proceeding purporting.ty .affect the <br />security hereof or the rights or powers af:..�tketiciary or <br />Trustee, and shall pay all costs and exFeMsm-s; " " including <br />..bast. of evidence of title and attorneys�e�s;; . in any such <br />action or proceeding in which Beneficiar . "' T=stee may <br />appear VrShould Trustor fail to make any,.,payment or to do <br />any act as and in the manner provided in any of the Loan <br />Instruments," Beneficiary and /or Trustee, 'each in its own <br />discretion,'Without obligation so to do and without notice <br />to or demand upon Trustor and without releasing !rrustor from <br />any obligation, may ''Make' or do the same in suct' manner and <br />to such extent as either M44-- deem necessary-to protect the <br />security hereof. TrustOZ shall, immedir tt(aly upon demand <br />therefor by Beneficiary, pall='all costs and expenses incurred <br />by 'Serzeficiary in connection. :with the exercise by <br />Beneficiary of the foregoing rights, including without <br />limitation, costs of evidence of tit -le, court costs, <br />appraisals, surveys and attorney's fees. •,A.ny such costs and <br />expenses not paid within ten (10) days of written demand <br />shall., draw interest at the default rate provif' in the <br />Note.. <br />E.Lf)cL+A) =FAT Dor�tnrar. Should the Trust Estate, or an <br />tpiQreaf or in:tc =hest therein, be "taken or damaged by part <br />of am Mublic;r9rovement or condemnation proceeding, or in <br />any other mann(ar including deed in lieu of condemnation <br />( "Condemnatiall,*) , or should Trustor receive any notice or <br />other information regarding such proceeding,, Tr4 stor shall <br />give prompt written notice thereof try. 2421- e— ficiary <br />Beneficiary shall be entitled to the smaller amount of <br />all unpaid amounts under the Loan tnst:.ruments or 411 <br />compensation, awards and other payments or relief therefor, <br />and shall'be entitled at its option to commence, appear in <br />and prosecute in its own name any action or proceedings. <br />Beneficiary shall also be entitled to make any compromise or <br />settlement in connection with such taking or damage. All <br />such compensation, awards, damages, rights of action and <br />proceeds awarded to Trustor (the "Proceeds") are hereby <br />aaseitgned to Beneficiary and Trustor agrees to execrate such <br />3 <br />In <br />�i <br />17 <br />N-. <br />co <br />ke <br />
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