|
gs•. 103272
<br />2. RML111ank of Principal and Interest. Trustor shall punctually ay the
<br />r Principal of, an(VInterest on, said
<br />thereto as provider) herein on the datesmand oat thee Place in �ma nner
<br />provided therein and will p manner
<br />provisions of an Punctually Perform all agreements, cony :ions and
<br />k other security instrument given in connection., :h this
<br />transaction.
<br />3. Preservatimn and Maintenance of Pr rt Trustor will not c unit any
<br />waste upon the Property and will, at all times, maintain the same n good
<br />order and condition and will make, from time to time, all repairs renewals,
<br />replacements# addi.'tions and improvements which are reasonably req red to
<br />Prevent waste, impairment, or deterioration of said
<br />or inproveMent now or hereafter erected upon the pr Property. No wilding
<br />removcd.Or demolished without the �rtY shall b altered
<br />prior written consent of Benef3 ury.
<br />4. .Insurance. Trustor, at its expense, will maintain with insurq ; approved
<br />bY,Beneficiary, insurance with respect to the.) ro-
<br />perty, constituting the Pro mprovements and peg mal pro -
<br />and other petils covered byestandard nextended CO Oragelendorsement Indan
<br />amount equal to at least one hundred percent of,tlxe full replaceme value
<br />thereof= and - insurance against such other hazards Afid in such amour as is
<br />customarily carried by owners and operators of 'similar properties d as
<br />Bensficiary'way require for its protection. Trustor will comply w h such
<br />other requirements as Beneficiary
<br />pro-
<br />tection by insurance of the Interest yoef- thetres ectivee request fo the are policies maintained p parties. A insur-
<br />ance Pursuant to this Trust Deed shall name Tr :or and
<br />ry as insureds, as their respective ,interests may appear, id pro-
<br />vide that there shall be no cancellation or m6lification without f: :een days
<br />prior written notification to Trustee and Beneficiary. In the ever any
<br />Policy hereufnder is not renewed on or beforc.fffteen da.,�_
<br />pirrrie.1 -date, Trustee-or Berieficiar may -- P= far =tv s =ex-
<br />dance with the Y Y Procure such insurance it ccor-
<br />Beneficiarl► the original of paragraph seven... Trustor shall delive to
<br />copies is such Policies of insurance and renewals thereof r memo
<br />Policies and renewals thereof. Failure to furnish s h in-
<br />surance by Trustor, or renewals as required hereunder shall, at-the ption.
<br />of Beneficiary, constitute a default. All unearned
<br />premiums
<br />assigned to Trustee as additional security and a sale and conveyancr )f the
<br />Property by the Trustee shall operate to convey to the
<br />interest in-and to all policies of insurance upon the T purchaser rust ProFert] Prustor•s
<br />t�
<br />5. Taxes and Assessments. Trustor shall pay all taxes and special sessments
<br />levied or assessed against or due upon the Property before delinquer , and
<br />will deliver to beneficiary copies of receipts showing payment of st es
<br />and special assessments. tax
<br />6• Additional Liens. Trustor shall make all Payments of interesi~ a
<br />cipal and payments of any other charges, fees, and ex pin
<br />paid to any existing lien holders erg expenses contract:, to-be
<br />Deed, Mortgage•or other security agreement, before ltheedateatheynare� 'lfnquent
<br />and to pay any other claim which jeopardizes the security granted hey n.
<br />7. Protection of Beneficia '
<br />Payment, fail-,t6 do s-Securit . Should Trustor fail to snag any
<br />' any act as herein
<br />provided,
<br />is eommencecT which materially affects Benefca y* if any action or P Deeding
<br />including, but not limited to, eminent domain, Insolvenerest in the P perky,
<br />Proceedings involving a bankrupt or decedent, then Beneficiary rangemen a or
<br />but without o41igation to do so, and without.notice to or demand upon - ustor,
<br />and without releasing Trustor from any obligation hereunder, may make '-do
<br />the same, and may pay, purchase, contest or c
<br />or lien, which in the compromise any encvmbrancc charge
<br />judeement of either appears to affect said Prope y; in
<br />exercising any such powers the Beneficiary or Trustee may incur any li ility
<br />and expend whatever amounts, including disbursements of reasonable att ney's
<br />fees, which in their absolute discretion, may be necessary. In the ev t
<br />that Trustor shall fail to procure insurance or to pay taxes, and spec 1
<br />assessments or to make any payments to existing or prior lien holders hang_
<br />ficiaries, the Ben@ €friary May procure such insurance and make such pa, ants.
<br />r
<br />M
<br />
|