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201807659
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time
<br />will not exceed the sum of THREE HUNDRED EIGHTY THOUSAND ($380,000.00), exclusive of interest
<br />and protective advances authorized herein or in any Loan Document and such other amounts allowed by
<br />law.
<br />NOTHING CONTAINED HEREIN SHALL CONSTITUTE A COMMITMENT TO MAKE FURTHER OR
<br />ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL
<br />PRINCIPAL INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />This trust deed will be due January 1, 2044.
<br />Trustor hereby warrants that Trustor holds good and marketable title in fee simple to the above described
<br />Property, that Trustor has good and lawful authority to trust deed the same, that the Property is free and
<br />clear of all liens and encumbrances, except those set forth in a title policy or title opinion purchased by
<br />Lender and deemed acceptable by Lender, in its sole discretion, in relation to this trust deed and that
<br />Trustor will warrant and defend the Property at Trustor's expense against all claimants whomsoever.
<br />Trustor also hereby waives and relinquishes all rights of dower, homestead, distributive share, and
<br />exemption in and to the above described Real Property.
<br />It is understood and agreed between Trustor and Lender that this trust deed is given to secure the
<br />repayment in full of the all Obligations, regardless of whether Trustor is liable thereon, and all future and
<br />additional loans or advances, protective or otherwise, which may be made by Lender, at its option, at the
<br />request of, and to or for the account of Trustor, any of the parties liable under any of the Loan Documents,
<br />for any purpose, plus interest thereon, all payable according to the terms of the Loan Documents. Any
<br />Obligations secured by this trust deed shall be payable when due as set forth in the Loan Documents.
<br />This trust deed may secure more than one Loan Document.
<br />Trustor hereby assigns, transfers, and conveys to Lender all rents, issues, income, profits, royalties,
<br />bonuses, and delay moneys or other proceeds that may from time to time become due and payable under
<br />any real estate lease or under any oil, gas, gravel, rock, or other mineral lease of any kind including
<br />geothermal resources now existing or that may hereafter come into existence, covering the Property or
<br />any part thereof. All such sums so received by Lender will be applied to the Obligations secured hereby;
<br />or Lender, at its option, may turn over and deliver to Trustor(s) or their successors in interest, any or all
<br />of such sums without prejudice to any of Lender's rights to take and retain future sums, and without
<br />prejudice to any of its other rights under this trust deed. This assignment will be construed to be a
<br />provision for the payment or reduction of the Obligations, subject to the Lender's option as hereinbefore
<br />provided, independent of the trust deed on the Property.
<br />This is a purchase money trust deed.
<br />Trustor and each of them further covenants and agrees with, or certifies and represents to Lender
<br />as follows:
<br />1. To pay all liens, judgments, or other assessments against the Property, and to pay when due all
<br />assessments, taxes, rents, utilities, fees, charges or encumbrances upon the Property or under any lease,
<br />permit, license, or privilege assigned to Lender as additional security to this trust deed, including those in
<br />or on public domain.
<br />2. To insure and keep insured all buildings and other improvements, including fixtures and attachments
<br />now on or hereafter placed on the Real Property to the satisfaction of Lender. Such insurance will contain
<br />an endorsement showing Lender as Beneficiary. On demand, Trustor will furnish said policies or proof of
<br />insurance to Lender and the insurance carrier shall be satisfactory to Lender. Trustor shall give written
<br />notice to Lender immediately of any claim or loss. Any sums so received by Lender may be applied in
<br />payment of any matured or unmatured Obligations secured by this trust deed, or at the option of Lender
<br />may be used to pay for reconstruction of the destroyed improvements. Such insurance will be in an
<br />amount at least equal to the lesser of the loan balance, the actual cash value of the Property, or the
<br />App #: 5558321; CIF #: 111820; Note #: 3163684 27660 Legal Doc. Date: November 20, 2018
<br />FORM 5011, Trust Deed and Assignment of Rents Page 3 of 8
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