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<br />89- 101659
<br />FHK CASUALTY. AND OTHER INSURANCE-To keep such property insurnl agsingt:'Iilsa u&ktrisjteby fire and otherrisk
<br />or risks which, in the mole opinion of Beneficiary should be insured against, under policies abihourance with lost payable to
<br />Beneficiary in farrm amount and companies acceptable to Beneficiary. Said policiesshall1be,1411 wed to andremain in posses.
<br />sion of Beneficiary an further security for the faithful performan se ce of the obtlRat3rsns.:wEtfrth:delirery shall constitute an
<br />assignment byTtastor to Beneficiasyef all rights thereunder. Including all return prendurna;. in4utiver tolleneficiarys policy
<br />or policies renewing or extending any espirins insurance with a recelptshowirrapremiums poftstleastthirly430)daysbefore
<br />expiration. if Trustor fails toso deliver any renewal policies. Beneficiary may pmare such.64iirance as itmay elect and may
<br />make payment of premiums thereon. which payment is repayable on demand. Neit!herTrsabtonor Beneficiary shall be respon.
<br />sibk for obtaining or msintaining such insurance. Beneficiary, from time to time, may fgcitish to any insarance agency or
<br />company. or any other person, any information contained in or extracted from nnyinsuetkace policy theretofore delivered to
<br />Beneficiary pursuant hereto. and any information concerning the loan secured hereby.:ti,no event and whether or notdefoull
<br />hereunder has occurred shall Beneficiary, by the fact of approving, accepting oeobtsWitir sw&insursnee. incur any liability
<br />for the amount of such insurance, the form or legal sufficiency of insurance ciiaMacts, sdvercy of insurers. or payment of
<br />Iowa by insurers. and Trustor hereby expressly assumes full responsibility ttvxt6 re and liability, if any, thereunder. In the
<br />event of ions, Trustor shall give immediate written notice to Benefudsry. and kimeficia --y mm but is not obligated to, make
<br />proof of loss if not made promptly by Trustor. In case of any loot Vie amount collected qz'jw"y policy of insurance an smh .
<br />property may, at the option of the Beneficiary. be applied by fiewficiary upon any inde�*4 duress and /or obligation sera md'
<br />f weby ant ier such order and amount as Beneficiary tnay deterars� or said amauntor aiLc�rtion thereof may, at the orlV.�mn'
<br />rftheBenel -kisry ;either be used in replacing orres'xm. 'ng (hiefmUrovementit pitWally ortotzilydestroyedtoaconditionsatin.
<br />factory tosstidReneftcEaay ,or said amount or any portiontli mf may be" lookidtotheTrLi.it�r.In any sachevent neither the
<br />Trustee nor the Senefciary shall be obligated to see to the proper application thereof, nor s:�i�ihe amount so released or used
<br />be deemed a.p-hyment on any indebtedness secured hereby. Such application. use and /or rri¢ shall not cure or waive any
<br />default or notice of default hereunder or invalidate any act done pursuant to such notice. Ar._v yrzn iriffurance and all m
<br />turnable insurance premiums shall insure to the benefit of, and pass to, the purchaser of the prc; er4 r s�-;;m ed thereby at any
<br />Trustee's sale held hereunder. I f said property in gold pursuant to the power of Bale contained herein .,�a pureant to any decree
<br />of foreclosure, all right. title and interest of Trustor in and to the proceeds of fir! and other ina-z=nce;r-Uryes for damage prior
<br />to the sale, which proceeds are not received prior to the date of said sale, shall belong to Benefcary. Trustor will comply with
<br />such other requirements and provide such other type of insurance as iBenefccimu may require from time to time for the protec-
<br />tion by insurance of the interest of the respective parties hereto.
<br />TAXES AND O THERRUMS DUE: To pay. satisfy anddischarge, at lesatto ten (10) days before delinquency all general and
<br />special taxes and ssseesments and other public charges, and in no event later then the date such amounts become due and to
<br />further pay when due or requested: (1) all encumbrances, charges and lievis, with intereakon such property, or any pert thereof,
<br />which are, or appear to beneficiary, in its sole discretion, to be prior to or superior hereto, (21 all costs, fees and expenses of this
<br />trust. whether or not described herein, (3) fees or charges for any statement regarding the obligation secured hereby in any
<br />amount demanded by Beneficiary, not to exceed the maximum amount allnwed by law therefor at the time when such request
<br />is made. (4) such other charges as the Beneficiary may deem reasonable for services rendered by Beneficiary and furnished at
<br />the request of Trustor or any successor in interest to Trustor. (5) if such property includes a leasehold estate, all payments and
<br />obligations required of the Trustor or his successor in interest under the terms of the instrument or instruments cringing such
<br />leasehold. (6) all payments and monetary obligatcmre required of the owner c,!auch property under any declaration of cove•
<br />nants. conditions and restrictions pertaining to'vurli property ar any mo ~'tai°.ien thereof. (n all mortgage insurance or
<br />guaranty fees, premiums, .or charges of any naturer:pWaining to such property: `f mAer agrees to notify Heneftciary immedi-
<br />ately upon rwvi.pt by Trustor of notice of any increase in the eagessed velueof surh propertg arrd agrees that Beneficieii y, in the
<br />name of TravWr. may contest by appropriate pmeeedings such increase in assessment.
<br />In the event of the pwrign of any law deducting. (runt the value of real property for the purponen of wafC r7n any lien thereon
<br />or changing in any wny Ilie caws forthetaxationei 3rednof trust or debts secured by deedsef trust forntateoe local purposes, or
<br />the manner of the collection of any sucit taxes. some to affect this Deed of Trust, the holder of this Deed of Trust andof theobti-
<br />gat(ons ri'hiclr, it secures shall have tltexi gjtt to declare all sums secured hereby due as of s date to be specified by not lees than
<br />Wdaye mitliri notice to he given to Trustor by Beneficiary: provided, however. that such (4isciion shall be ineffectiveilTrost-
<br />or is permitte -4 bylaw to psy the whole of such tax' tit. addition to all other payments MMA hereunder and if, prior to such
<br />specified d'atse; does pay such tax and agrees to pay any such tax when hereafter1evW ar. Kwiessed against such property, and
<br />such aseeeffmt snail constitute a modification ofthia Deed of Treat.
<br />FUNDS S Flt R TAXER AND 1NSU't1ANCE: if Beneficiary shall go request, Trustor sgmm that there shell be added to the
<br />periodical payment required to be made hereunder sit .amount estimated by Trustre to be sufficient to ena isle- Trustor to pay.st
<br />least thirty (.901 days before delinquency. all general and special taxes, assessments. or other public charX" ettainst such prop-
<br />arty, the Promissory Nntie, ar upon or on account n(the debt or the lien of this Deed of Trust, together w±15 eremiums for insur.
<br />ante requirrrl: to he prov-i&A shder th(s Ural of Trust wad all mortgage insurance or guaranty fees, premir. rat or similar deer; ,Res
<br />and ncsintetritt shall be payable to Truitt or in respect thereof. Upon demand by Trustee. Tut r w shall deliver to Trusme ev !h
<br />additiorcd rutneof money ea are necessaV to mate up any defitienuy in the amounts neoesaaty to en able Trustee to payer.! of
<br />the foregoing items.
<br />SUMS ADVANCED TO BEAR INTEREST: To pay immediately upon demand any sums advances or paid by Herzefciary
<br />orTrustee under any clause or provision of this Deed of Trust. Any such sums, until sorepaid. shallbesecured hereby sled Ixar
<br />interest from the date advanced or paid at the same rate as set forth in such Promissory Note and shall be secured by this Deed
<br />of Trust.
<br />ASSiGNMEN'T OF DEPOSITS: That so additional security if this be a construction loan. Trustor hereby transfers and
<br />asaigna to Beneficiary during continuance of these Trusts, all right, title and interest to any and all moniendeposited by Trust -
<br />or or deposited an behalf of Trustor with any city, county. public body or agency, sanitary district, gag and /or electric eom-
<br />pany, telephone company and any other body or agency, for the installation or to secure the installation of any utility by
<br />Tractor. pertaining to this property.
<br />FAILURE OF Tftl lXTOR TO COMPLY WITH f)FFD OF Tilt to the event Trustnr ahnuld (nil to mnke any payment, or
<br />to do any art as provided in thin heed of Truitt, or roil to perform any ohligetinn secured by this I teecrl of Trust, or do any art
<br />Truster agreed not tip do, Itenefirinry, but without obligation no to do and without notieeto or demand upan'frustnr and with
<br />out releasinn'1'ruator from any obligatinn herRof and without contesting thevnlidi2y oramountofthesamr,movlalpey. make
<br />or do the same in such manner end to such edent no it may deem necessnry to protect the security herrr,f, fienefiriary pain jt
<br />nuthrrrrted to enter upon n*rh property for such purpiown. rind ihi pay. purchase, contest or ceimpromree env enrursbrnnrc.
<br />charge or lien, which in its judgement is or appears to be prior orauperinr hereto. and (e)inexercisinx any such power, pay nee
<br />"Marys er eta, fees. sod espensem, employ counsel and pay counsel's reasonable feet. Trustor agrees to repay any smourit so
<br />expended on demand of tlenefiriuy.
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