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<br /> � � � ` 1. Paj�m nt of Indebt daess. To pay when due, the princi- � '
<br /> -�� . � ` , pa], af, axid �he nterest vn, e indebted�e�s evidenced by the. � ` . . ..
<br /> : _ , , � . -_ � a��e, aharqe�,� f��s a�� alI� otihe= sums �as pYOVided� fn the 2oan .
<br /> _ � �
<br /> � � `.inst�'uments. ; , . , , `� . � -
<br /> � 2. Ti�le. Trustor �.s .the awner of �:Iie gropertg and has , . '
<br /> � �ie r�ght �uthority to execute this D�ed of Trust in respect �
<br /> � . • to the ProPer�Y- ,� . ; _ . . . � , `
<br /> ,: � � ' ' 3. Taxes and Assessments.,�. To` pap, when dne, al� taues,
<br /> . � : specfal assessments �n a 1 other aharges against the property,
<br /> .. . ` �efore .the same became delinquent, and, in �he event Heneficiary � �
<br /> . ' � sha11 so requfre, to add to the paytne�sts required under the note � . �
<br /> : ` ': ' , secnred �ereby, sucIt amount as mag be sn€€icient ta ena.b�e � � . �
<br /> �efieiary to �ay such taxes, assessments or ather cha=ges as � � �
<br /> =-°�<.'; ; � fi.�iey become due: � �
<br /> � � : 4. Insurance. To keep the improvements now or hereafter ' . .
<br /> �.ocated on �he real. estate described hereia� �insured aga�nst
<br /> . • - � damaqe by fire anc� such other hazards as Beneficfary may require, � � �
<br /> in aittounts and companies acceptab�e to Heneficiary, and with loss
<br /> . � . payabxe clause inaluded therein in favor of Seneficiary. IIpon �
<br /> : request, Trustor shall deliver to Heneficiary evi.d�nce of the
<br /> . : � ex3stence of such insurance coverage as provided herein. in case � �
<br /> � of 2os's under such poli�ies, Beneficiary is authorfzed to adjust, •
<br /> collect and compromise, in hes dfscretfon, a].1 claims thereunder � � °
<br /> ` . � and, at her 'sole option, is authorized . to either apply the � �; �
<br /> � proceeds to the restoration of the propertiy or upan the indebted- _._:�.�
<br /> � • ness secused hereby, but payments _required by the note shall
<br /> .continue until the sums secured hereby are paid ip full. • � j�J``�
<br /> , 5. Repair, Maintenanae and Use. To not commit .waste on or ��
<br /> damage to the proper�y and to use due care to prevent others from -
<br /> � so doinq; to keep the improvements situated upan the aforedescxibed •
<br /> ? real estate in gao8 conditfon and repair= to keep tihe property
<br /> � � free from mechanics or other liens not e�cpressly subordinated ta
<br /> � � ' the lien hereoff to� not make, suffer or permit any nuisance to �
<br /> � exist nor to climinish or impair the value of the property by any
<br /> � ' act or omiseion to act; and to comply wfth all requirem�nts of
<br /> 1aw with reapect to the property. �
<br /> ; 6. Alteratidns. To not make any major alteratiions to the
<br /> � fmprovement s tuated upon the real estate described herefnabove
<br /> �. w�_hout the prior written consent of the Beneficiary which , � � ,r�,_
<br /> , consent shall not be unduly withheld. —
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<br /> . . � ��.�
<br /> . 7. Condemna�ion. In the event the property, or any part '
<br /> thereof, sh�be ta en by eminent domain, Beneficiary is .
<br /> entitled to collect and receive all ccmpensation which may be
<br /> ' paid fdr .any property .taken.or .for damages to property nvt. taken, - --.- . -..- .
<br /> and Hen�ffcfary shall apply such eompensation, at its option,
<br /> • ' e3.ther to a reduction oF �he indebteciness secured hereby or to• . , .
<br />. repair an8 restore the property so tak�n.
<br /> 8. Perfoxmance b Beneficiar . Henefici�ry may, but shall
<br /> . have no ob gat on to, aa any acti whi�� Trustor ha$ agreed but
<br /> failea �o do, and ee�i�:fici�r�r may alsa do any acf it d�ems .
<br /> neaessary to protect the lien hereof. Trustor agrees to repay,
<br /> npon demand, any sums so expended by Heneficiary for the above
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<br /> pu�poees, a��d any sum so expended by �eneficiary shall be added .
<br /> to the fndebtedness secured hereby and bgrome secnred by the lien
<br /> • . hereof. .Beneficiary shali not incur any personal la.abf],it�t , � _. .. _ ,
<br /> 1�ie��use-�af �anptning i� may do or omit ta do hereunaer. � !
<br /> . 9. Assigrunent of Rents. beneficiary shall have the ri.ght,
<br /> � power and authc�rity during the canti.nuance di this Deed a� Trust
<br /> tv calZeCt the rents, issues and profi�s of the gropertiy and af
<br />' any pessonal praperty lbaated' thereon with or witt}out t�-�kine� �
<br /> possession of the prnpezty a��e�tec� hereby, �nd Trustar ���reby
<br />: absv�uteiy �rYC� un�c�n8itivnully. a�siglns �II su�h r����, i�sues �nd - �{
<br /> profits tn �e���iciary. �en�ficiary, ht�wever, hereby cdnsents to � �. „
<br /> Trus tor's colZection and retention a£ such rents, issues anc3
<br /> profits a� they accru� and bec�me paya�le, s� Iur:g as Tsustc�r is '
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