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89- 101241
<br />All of the rents, issues and profits, including all rents, royalties,
<br />bonuses and benefits under any existing or future oil, gyres or mineral
<br />or other leases; all easements and r 'hts of way; all rIg4ts of
<br />homestead and homestead exemption and' any surviving,tp�S'e's marital
<br />or distributive share, and all other . eonting -nt. rigtat- 'i n and to said
<br />premises; and �. .
<br />All fixtures, improvements., :b"� Ydings, and the plum ng� heating,
<br />ventilating and lighting> :.systems and equipment thereon;_ all all of whic]i `
<br />sli !l be construed and rc� ide'red as affixed to and part of the real
<br />estate:
<br />All df* the:,. forego1n�' estate, property and interest hereby-conveyed to to '`"
<br />laid ztes. z hera> nafter d6l1ectively referred to as the "Property ".
<br />the same °uatto: the said Trustee, his: , succe=ssors and
<br />SSign fare .: + ` 19 'TRUST HOWMR and' WITH POWER OF SALE; hereby. expressly
<br />, tranted unto tNe said Trustee,, ,.his successors, and assigns. for the purpose
<br />inc-
<br />(a) The payment of Trustor's just ind,ebtedne =s .tom Hensficiary in the
<br />ptinc Nal sum of Thirty Thousand Dollars rraney borrowed„
<br />with interest thereon,.: all as evidenced.'by and in stride acnaccordance with
<br />the terns of that certain promissory .note, hereinaft r ca: led the "Note ",
<br />bearing even date herewith made payable to the order of Beneficiary,
<br />executed by James H. Truell, and providing for the payment of said indebt-
<br />edness in installments, subject to acceleration of maturity on default in
<br />the payment of any installment of principal or interest or in the perfor-
<br />mance of any covenant, agreement or warranty contained in this Deed of
<br />Trust;
<br />(b) The performance of each agreement, covenant and warranty of
<br />Trustor herein contained or set forth in the Note or any agreement or
<br />instrument executed by Trustor in connection with the indebtedness hereby
<br />secured; and
<br />(c) The payment of any sum or sums of money with interest thereon
<br />which may be hereafter paid or advanced under the terms of this Deed of
<br />Trust.
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<br />NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, Trustor
<br />does for himself /herself and for Trustor's heirs, representatives, vendees,
<br />successors and assigns, the owners of said Property-, hereby expressly
<br />covenant, agree and warrant to and with the Trustee and Beneficiary, and
<br />their successors, vendees and assigns:
<br />FIRST: That the Trustor hereby covenants and agrees, to the extent
<br />permitted by law, as follows: (a) to pay promptly when due the principal
<br />and interest and other sums of money provided for in the Note and in this
<br />Deed of Trust; (b) to promptly pay before delinquency all taxes, assess-
<br />ments and other charges imposed by law upon the Property,. the Trustor's
<br />interest therein, or upon this Deed of Trust or the Note; provided, how-
<br />ever, that in the event of any change of the law providing for the taxation
<br />of deeds of trust or debts thereby secured so as to affect this Deed of
<br />Trust, the entire indebtedness secured hereby shall at the option of the
<br />Beneficiary become due and parable; (c) to keep the above- described
<br />Property and the Improvements thereon in good condition and repair and not
<br />to Comt�•�.t or suffer waste `hereof, aadl except as authorized in any schedule
<br />anneXed hereto.and forming a part hereof; (d) to.mainta:in and deliver to
<br />Beneficiary p*Licies of insurance against such hazards on the buildings and
<br />improvements sac, ;-i or hereafter-located on or constituting a part of the
<br />PkOpjerty as t..e Beneficiary s ail: require, in sash companies and amounts
<br />and witli such. k.oss payable cl.::uves as shall be satisfactory to the Bene-
<br />ficiani, ttaLtr in the event of loss, Beneficiary is expressly authorized to
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<br />settle : ;21:j�7tWromise claims under said, policies and the proceeds thereof
<br />shall. to the Beneficiary who may apply the same or any part thereof
<br />on the'indebtedness secured hereby or toward the reconstruction or repair
<br />pf said buildings and improvements or release same to the Trustor; (e) to
<br />pay any l ien, claim or charge: against the Property which might take- prece-
<br />dence over the lion hereof; ( f ) to pay on demand all 1ega 1 t i t is
<br />searches, appraisal or attorneys' fees reasonably irtcurr.rcl or Eerier by
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<br />Beneficiary to collect the' Note car t'r�y- f.c•lc�sF car protect tIcc i i c' :1 c�' t !e � ::
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