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Sq., 102952
<br />appertaining, whether now or hereafter acquired, which shall include,
<br />without limiting the generality of the foregoing, the following:
<br />All of the rents, issues and profits, including all rents, royalties,
<br />bonuses and benefits under any existing or future oil, gas or mineral
<br />or other leases; all easements and rights of way; all rights of
<br />homestead and homestead exemption and any surviving spouse's marital
<br />or distributive share, and all other contingent rights in and to said
<br />premises; and
<br />All fixtures, improvements, buildings, and the plumbing, heating,
<br />ventilating and lighting systems and equipment thereon; all of which
<br />shall be construed and considered as affixed to and part of the reai
<br />estate.
<br />All of the foregoing estate, property and interest hereby conveyed to the
<br />said Trustee is hereinafter collectively referrer) to .as-.the "Property ". "
<br />.TO HAVE AND TO HOLD the same unto the said Trustee', his successors-and
<br />assigns, forever, IN TRUST HOWEVER and WITH POWER OF SALE hereby expressly
<br />granted unto the said Trustee, his successors, and-assigns for the purpose
<br />of securing:
<br />(a) The payment of Trustor's just indebtedness to Beneficiary in'•the
<br />principal sum of Ten Thousand Dollars ($10,000.00) for money bor.xowed, with
<br />interest thereon, all as evidenced by and in strict accordance with the.
<br />terms of that certain promissory note, hereinafter called the "Note ",
<br />bearing date of February 1, 1989, herewith.made payable to the order of
<br />Beneficiary, executed by Dru A. Duering and'Douglas C. Luth, and providing
<br />for the pavment of said ; t, ed A -- _
<br />_ndQ_t__n_s.. in :rstallmc „ts, subject to accetera-
<br />.tion of maturity on default in the payment of any installment of principal
<br />or interest or 4n the performance of any covenant, agreement or warranty
<br />contained in this Deed'of'Trust;
<br />Cat 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.
<br />NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, Trustor t`?,
<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 />FXRST: That the Trustor hereby covenants and agrees, to the extent,
<br />permitted bylaw, as follows: (a) to pay promptly when due the princip,&I.
<br />and interest,..and other sums of money provided for in the Note and in thiv.
<br />Deed of Trust; (b) to promptly pay before delinquency all taxes, assess -
<br />mtints and other charges imposed by law upon the Property, the Trustor's
<br />interest therein, or'up©n 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,.4ebts 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 payable; (c) to keep the above - described
<br />Property and the improvements thereon in good condition and repair and not ,
<br />to commit or suffer waste thereof, and except as authorized in any schedule `
<br />annexed hereto and forming a part hereof; (d) to maintain and deliver to
<br />Beneficiary policies of insurance against such hazards on the buildings and
<br />improvements now or hereafter located on or constituting a part of the
<br />Property as the Beneficiary shall require, in such companies and amounts
<br />and with such loss payable clauses as shall be satisfactory to the Bene-
<br />ficiary; that in the event of loss, Beneficiary is expressly authorized to r►
<br />settle or compromise claims under said policies and the proceeds thereof
<br />shall be paid 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 />of said buildings and improvements or release same to the Trustor; to
<br />Pay any lien, claim or charge against the Property whirh might take
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