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<br />89,.- 102547
<br />FIRE. CASU LTY, AND OTHER INSURANCE To keep such property insured against loss or damage by firo and other
<br />risk or risks which. In the stale opinion of Beneficiary should be insured against, under policies of insurance with loss
<br />payable to Beneficiary in form, amount and companies acceptable to Beneficiary. Said policies shall be delivered to and
<br />remain in possession of Beneficiary as further security forthe faithful performance of these obligations, which delivery shall
<br />constitute an assignment by Trustor to Beneficiary of all rights thereunder, including all return premiums; to deliver to
<br />Beneficiary a policy or policies renewing or extending any expiring insurance with a receipt showing premiums paid at
<br />least thirty (30) days before expiration. if Trustor fails to so deliver any renewal policies, Beneficiary may procure such
<br />Insurance as it may elect and may make payment of premiums thereon, which payment is repayable on demand. Neither
<br />Trustee nor Beneficiary shall be responsible for obtaining or maintaining such insurance. Beneficiary, from time to time,
<br />may furnish to any insurance agency or company. or any other person, any information contained in or extracted from any
<br />insurance policy theretofore delivered to Beneficiary pursuant hereto. and any information concerning the loan secured
<br />hereby. In no event and whether or not default hereunder has occurred shall Beneficiary, by the fact of approving,
<br />accepting or obtaining such insurance, incur any liability for the amount of such insurance. the form or I.-gal sufficiency at
<br />insurance contracts, solvency of insurers, or payment of losses by insurers. and Trustor hereby expressly assumes full
<br />responsibility therefore and liability, if any, thereunder, in the event of loss. Trustor shall give immediate written notice to
<br />Beneficiary. and Beneficiary may. but is not obligated to, make proof of loss if not made promptly by Trustor. In case of any
<br />loss the amount collected under any policy of insurance on such property may, at the option of the Beneficiary, be applied
<br />by Beneficiary upon any indebtedness and /or obligation secured hereby and in such order and amount as Beneficiary may
<br />determine; or said amount or any portion thereof may, at the option of the Beneficiary, either be used in replacing or
<br />restoring the improvements partially or totally destroyed to a conditfon satisfactory to said Beneficiary, or said amount or
<br />any portion thereoll be released to the Trustor. In any such event neither the. TNstee nor the Beneficiary shall be
<br />obligated to see to the pmpeo application thereof; nor shall the amount so retees'ed Qn gesW be deemed a payment on any
<br />indebtedness serum hereby. Such application, useand/or release shall notcure or waimeany defaulter notice of default
<br />hereunder or invalidate any act done pursuant to such notice. Any unexpired insurance and all returnable Insurance
<br />premiums shall insure to the benefit of, and pass to. the purchaser of the property covered thereby at any Trustee's sale held
<br />hereunder. If said property Is sold pursuant to the power of sale contained herein or pursuant to any decree of foreclosure.
<br />all right, title and interest of Trustor in and to the proceeds of fire and other insurance policies for damage prior to the sale,
<br />which proceeds are not received prior to the date of said sale, shall belong to Beneficiary. Trustor will comply with such
<br />other requirementsand provide such other type of insurance as Beneficiary may require from timetotime forthe pr6lactlon
<br />by insurance of the interest of the respective parties hereto.
<br />TAXES AND OTHER SUMS DUE: To pay, satisfy and discharge, at least to ten, (,10) days before delinquency. all general
<br />and special taxes and assessi mcr-ts and other public charges, and in no event, later than the date such amounts become
<br />due and to further pay, when. due.or requested: (1) all encumbrances, charges and liens, with interest, on such props ft, or
<br />any part thereof, which ilira ar appear to berreficlary, in it$ sole discretion, to be prior to or SUOVIor hereto. (2) all costs. fees
<br />and expenses of this trust; whQ•thw or not described herein. (3) fees or charges for any statteittent regarding the obligation S,u
<br />secured;ifiereby in any amount demande(t by Beneficiary, not to exceed the maximum amount allowed bylaw therefore at
<br />the time when such request is iWede, (4 ) tuch. other charges as the Beneficiary maydeem r hle for+_erviceacendeerred
<br />by Beneficiary andfurnished at the request atTrustor or any successor in interestto Trustor,.( 6) if such ro
<br />p peaRyinctudeea
<br />leasehold estate: all payments and obligations required of the Truster or his successor in intarest,orider the terms of the °-
<br />instrument or instruments creating uch leasehold, (6) all g payments and monetary obligtttfaar*,rs required of the owner of
<br />such property under any declaration of covenants, conditions and restrictions pertaining to., such property or any
<br />modification thereof; (7) all mortgage insurance or guaranty fees, premiums, or charges of ai*pli• nature pertaining to such
<br />Property. Trustor agrees to notify Beneficiary immediately upon receipt by Trustor of notice o1`.eny increase in the assessed t�
<br />value of such property and agrees that Beneficiary, in the name of Trustor, may contest by appropriate proceedings such
<br />increase in assessment
<br />In the event of the passage of any taw deducting from the value of real Rtaperty for the purposes of taxation any lien
<br />thereon or changing in any way the laws for the taxation of deeds of trust or debts secured by deeds of trust for state or local
<br />purposes. or the manner of the collection of any such taxes. so as to affect this Deed of Trust, the holder of this Deed of Trust
<br />and of the oblfgatiorrs which it secures shall have the right to declare all sums secured hereby due as of a date to be
<br />specified by not less than 3iD drys' written notice to be given to Trustor by Beneficiary; provided. however, that such
<br />election shall be ineffective if T ustor is permitted by law to pay the whole of such tax in addition to all other payments
<br />required hereunder and if, prior to such specified date, does pay such tax and agrees to pay any such tax when hereafter
<br />levied or assessed against such property, and such agreement shall constitute a modification of this Deed of Trust
<br />FUNDS FOR TAXES AND INSURANCE. If'Seneficiary shall so request, Trustar agrees that there shall be added to the
<br />periodi:gal.payment required tobe� made hereunder an amount estimated by Trusted to be sufficient to enable Trustor to
<br />Pay. at least thirty tap) days bg tyre delinquency. atl'general and special taxes assessments, or other public charges
<br />against such propertyt the Promissory Note, or upon or on account otthe debt ar the lien of this Deed of Trust together with
<br />Premiums for lrtswrr . ce required to be provided under this Deed of Trust and all mortgage insurance or guaranty fees,
<br />premiums ar sim tr charges. mist no interest shall be payable to Trustor to faspect thereof. Upon demand by. Trustee,
<br />Trustor shall 4efiver to Trustee-such additional sums of money as are necessary-to make up any deficiency in the amounts
<br />necessary to enable Trustee t6 pay any of the foregoing items.
<br />SUMS ADVANCW TO BEAR INTEREST: To pay immediately upon demand any sums advances or paid by Beneficiary
<br />or Trustee under any clause or provision of this Deed of Trust Any such sums, until so repaid, shall be secured hereby and
<br />bear interest from the date advanced or paid at the same rate as set forth in such Promissory Note and shall be secured by
<br />this Deed of Trust "
<br />ASSIGNMENT OF DEPOSITS. That as additional security if this be a construction loan. Trustor hereby transfers and
<br />assigns to Beneficiary during continuance of these Trusts. all right, title and interest to any and all monies deposited by
<br />Trustor or deposited on behalf of Trustor with any city, county, public body or agency. sanitary district gas and /or electric
<br />company, telephone company andany other body. oragency, for the installation or to secure the installation of any utility by
<br />qla
<br />Trustor, pertaining to this property.
<br />FAILURE OF TRUSTOR TO COMPLY WITH DEED OF TRUST In the event Trustor should fail to make an payment or to
<br />tr4-
<br />do any act as provided in this Deed of Trust, or fail to perform any obligation secured by this Deed of Trust, rrdo an act
<br />Trustor agreed not to do. Beneficiary, but without obligation so to do and and
<br />without notice to or demand upon Trustor
<br />without releasing Trustor from any obligation hereof and wdhnut contesting the validity or amount of the same. may! a) pay.
<br />make or do the same in such manner and to such extent as it may deem necessary to protect the security hertrof.
<br />Beneficiary being authorized to enter upon such for
<br />property s,.,i;h purposes. and (b) Pay purcrr,•rse. c.nntem t;r
<br />cotnper omise at] yenc• -imbrance.charge ofiier, whichir► dstudg eme ntisora pvearstotwpriorOtsupeltor her Otu a rd; i
<br />.n tmerc,sing FH:y gur_tl polYet. pay r ,.eceswiry .O ;t <; h3E?9, aind expeiise5 wTipini, t, jr,%v, cjr•tt tr.►y , • *uj•Stvj
<br />fetyi TrAistor 4j(jre4L'3 i,.r rt.p.iy any alirzniithl 64i eypr!nrtt!C} rlrc dernrrrjrt r11 Ft :•rr r:r :.trti
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