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<br />89...-103550
<br />TO PROTECT THE SECURITY OF THIS TRUST DEED. THUSTOR HEREDY COVENANTS AND AGREES AS FOLLOWS
<br />I PAYMENT Of PRINCIPAL AND INTEREST, Ttuator shall promptly pay when due the principal of and interest on the indebtedness
<br />ovidencod by the Note. i1nd all offlar charges and fees as provided in tho Note and thepr inc opal tit and interest on any Future Advances secured
<br />by this Trust Deed
<br />2 WARRANTY OF TITLE. Trusterrsla wfullyseizedandpossessedofgoodandindefeasibletitleandestatetothePropertyherebyconveyed
<br />Anti has the fight to grant and convey the Property. the Property is free and clear of all lions and encumbrances except lions now of record: and
<br />Trustor will warrant and defend the title to the Property against all claims and demands
<br />3 MAINTENANCE AND COMPLIANCEIANIM LAWS. Tiutitorshall keepthePropertyingoodreparrandconditionandShallnotcommitwaste
<br />or permit impairment or deterioration of the Property and shall comply with the provisions of any Mona of this Trust Deed is on a leasehold. No
<br />improvement now or hereafter erected upon the Property shall be altered, removedor demolished withasltthe prior written consent of Beneficiary
<br />Trustor shall comply with ail laws. ordinances, regulations, covenants, conditions and restrictions affectingthe Property andnotcommtt, sufferer
<br />permit any act to be done in or upon the Property in violation of any taw, ordinance. regulation, covenant, con dilion or restriction Trustor shall
<br />complete or restore promptly and In good workmanlike manner any improvement on the Property which maybe damaged or destroyed and pay
<br />when due, all claims for labor performed and materials furnished therefor and for any alterations thereof
<br />O INSURANCE. Trustor at its expense. w oil maintain wish insurors approved by Bonet iCiary, insurance with respect to the improvraments and
<br />personal property, constituting the Pi opetty, against loss by fire, lightning, tornado, and other perils and hazards covered by standard extended
<br />coverage indorsement. in an amount equal to at least one hundred percent (100061 of the full replacement value thereof and insurance against
<br />such otherhazards and in such amounts asis customarily carried by owners and operators of similar properties or as Beneficiary may require for,
<br />itspratcttbAn Truster will comply with such otherrequitementsasBeneficfarymayfromtometotimerequestfortheprotectionbyinsuranceofthe
<br />Inter @st'e aftherespective parties. All insurance policies maintained pursuant lothis Trust Deed shall name Trustor and Beneficiary as insured, as
<br />their respective interests may appear and picovido that there be no cancel alion or modification without at least 15 days prior written notification to
<br />Tr usteeandBeneficiarymayprocure. suct% irsurarfceinaccordancewiththepiovisionsofparagraph6hereof Tsustor shall deliver 10Beneficiary
<br />the original policies of insuranceand( onrwaiSthereoformemocopiesofsuchpolic iesanorenewalsthereof Failure tofUrnlsh such insurance by
<br />Truster or renewals as required heinitnder shalt at the option of Beneficiary, constitute it default
<br />5- TAXES, ASSESSMENTS AND CHARGES. Trustor shall pay all taxes. assessments and other charges, including, without limitation, fines
<br />and impositions affrrbuiable to the Property and leasehold payments or ground re:tts, if any, before the same become delinquent, Trustor Shall
<br />promptlyfurnishtobonefiriary all notices of amounts due under this paragraph and in thee iont Trustor shall make payment directly. Truster shall
<br />promptly furnish to Beneficiary rgiajrpts evidencing such paif -onts Trustor shall pay 3,• taxes and assessments which may be levied upon .
<br />Berohniory's )nteresi herein or upamthis Ttast Deed wdhout,regard to any law that may !,,e•enacted imposing payment of the whole or any par11
<br />thereof upon the Beneficiary
<br />6 ADDITIONAL LIFOWS ANDPROTEC71ON OF BENEFICIARY'S SECURITY. Trustor shall make all payments of interest and principal and
<br />payments ol.any otftw,cnarges. ff.—&,q and expenses contracted to be paid to any existing or subsequent tenholder or beneficiary, under any
<br />existing or subsequent mortgage ur trust deed before the date they are delingent or in default, and promptly paY and discharge any and all other
<br />- - nens. ciamtsorcnar geswhi chrr! ip; eopardizethesecuritygrantedherein ItTructOr fa, lsfomake any such payment or falls to perform any ofthe
<br />covenants and agreements curtained in this Trust Deed. or the Note referred to herein. or in any prior or subsequent trust deed. or if any action or
<br />proceeding is commented which materially affects Beneficiary s interest in the Property. including, but not limited 10, eminent domain proceed-
<br />ings, proceedings (ntio. ving a decediont, notice ol sale by Trustee. notice of default by Tr-4ase mnr[Qarte.tSpreC[OSUrD achnn• n. A Tr_.e1n. fg!lo fn
<br />pay Trustor's debts grererally as they become due then Beneficiary, at Beneficiary s option and w,thQ0 : elite to or demand upon Trustor and
<br />without releasing Trustor from any cti ?iigation hereunder. may maito such appoarances. disburse such sums and take suchaciionasisnecessary
<br />to protect Beneficiary s interest, na : :udtng. but not limited to disbursement of reasonable attorney s: !ees payment purchase. contest at
<br />comprom).je of any en c�jattbrance'. cmafgo or tien entry upon the Property to make repairs, or declarat:! :" ol- default under this Trust Dee•�.lf tPe
<br />eventttti(tTfustar Siva"": 1-&,' to pro c:';.rv-r',uurarcoo giro pay taxes. assessments. or any other charges 07 13Tr*ake any payments to cony or
<br />subsequent fienholt`'e9par exlstirl crr8'dbsequecfbeneficiartes Beneficiary may procure such insurance and make such payment, 0"I sha!I not
<br />be ob ,ga!ed to do so Any amouisl!s- disbursed by Beneficiary pursuant to trig Paragra s113 shall become additorr'V? Indebtedness of Trustor
<br />secure -lby this Trust Deed Such- Am.cunls shall be payable upon notice from 8ene!ict,y :yfris•1'rustor requesting paymd'ai thereof, and shall bear,
<br />interest from the date of disbar g,ilim4g ;r at the r ale payable from time fo time on outstanCingipl ncipal under the Note unless payment of interest at
<br />such rate would be contrary tokills( ;able law. in which event such amounts shall beat interest at the highest rate permissible unc i eraloplicabte
<br />law Nothing contairet3 to this'rrrr«lyaph 6 shall require Beneficiary to incur any expense or take any action hereunder
<br />7 ASSIGNMENT Of RENTS. Meoeficiary shall have the right power and authority,%fing the continuance of tn:s Trust Deed to collect the.
<br />rents. issues and profits of the Pra.prerty and of any personal property located thereon witrtor without taking possess,c+a of the property affectee
<br />hereby and Trustor hereby absoluiely and unconditionally assigns all suct, m!'-Its isSues and profits to Beneficiary Beneficiary, however. hereby
<br />consentsto the Trustcr.'s collection and retention of such rents. issues and pywii,,s as they accrue and become payable so long as Trustor is not. at
<br />such lime. i n default ttnS,.., respect to payment of any indebtedness secLofe4nr :13iLy orininevetformanceof any agreement hereunder Uponany
<br />such default. Beneficia.rrmay at anytime. either in person by agent. or :)y a rece -.,at to be appointed by a court. wthout notice and without regard
<br />to the adequacy of any Securtry for the•rndebtedness hereby secured. rat enter upor, ardtakepr. ssession of the Property or any part thereof. and in
<br />its own name sue for or otherwise Callect suer, rents. issues af*,j pcof iis.,nclud mg pa.*f doe and unpaid. and apply the same ,esscostsand
<br />expenses of operation and coLection, including reasonable aUcitney s tees upon any indebtedness secured hereby and in such. order as
<br />Beneficiary may determine. (bl perform such acts of repair or protection as may be necessary or proper to conserve the value of the. Property. (cl
<br />tease the same or amt, p trt the roof for such ten tat. term, and upen such conditions as its iudgment may dictate, or terminate or adjust the terrtis and
<br />conomons of existing (Eases Unless Trustor and Beneficiary thereof agree otherwise rn writing. any application of rents issues or profits to any
<br />indebtedness secured hereby shalt not extend or postpone the due date of the installment payments as provided in said promissory nota or
<br />change the amount of Such installments The entering upon and taking possession of the P- operty, the collection of such rents. issues and profits
<br />and fire application thereof as aforesaid, shall not waive or cure any default or notice of default hereunder or invalidate tiny act done pursuant to
<br />suchnafice Trustor also assigns toBenefictary as further securty for the perfnimanceoftheobligationsserure-�i hereby all gropaid rents antt ; ,IIi
<br />monies which may have been or may hereafter be deposited with said Trustor by any leSSeeof the Property to secure the payment o!any fens or
<br />damages. or upon default in the pertotmance M any of the provisions her ©of Trustor. agrees to deriver such rents and deposits to Beneficiafy
<br />Delivery of written notice ot Beneficiary s exercise ollnerightsgranted herein to any tenant occupying said premises shal :besuffic-enitorepu.rp
<br />said tenant to pay rent to the Beneficiary unit: further notice
<br />6 CONDEMNATION. if 11V940, any part of the Property shaft be taken .n condemnation proceedings by right of emment ;torn,, r n, 9ir•+ t, ;f
<br />act,ort. Or ehau be sold urtdet trtreat o+ condemnaitnn ail awards damages and proceeds ate hereby assigned and stia:: be pa-a to lienct t ••,
<br />who Shaft apply .St,cfl awards. damages and proevear In the sure Secured by this Trust Deed with the excess i any paid t0 T +u:,tw It
<br />,ecvives any notice or other irdoirnat-on rega *ding such att•un : (it preceedings. Trustor shall give prompt mmen notice fhnie;d to lir110 , ,,• ,
<br />t7enef,fiitry sr,a•� be CrbttP.d at,t50(rIIpn tOL�JmrnenCO appear .nand prOStT Cut!! in t(SOJlrnname .ley suit attar: r•r p,i.r r•r•itn,t•, nr•il •.+ ,i
<br />tulidirld to make any tclm(ofor'ntge Ur seiflemnnl ui connert•rin *.m any Such tit liOn U' prcceed:ngs
<br />q FUTURE ADVANCES. u, on rerJLI051 of '•ru<,tur fier.ehriary at Beneficiary 5 upt,an gnnr to w; i 'wr ydnr i rI Ir.n F'•, 1•i'rr, i t
<br />^aiB fuLire a : :rafl�e`it�r +uLt.r riurhtJLrtrr :tAv,'7 fir p•: wily, .r,fere5t lhp'ffba •:h Ji!�e SOC uretS try }nti r• .,i l :Ot -a r,ni. r•i., .v•r ..+ „ ,
<br />r 61e *, stabl'i'r at Sa -9 nr•'rr, ,irr r•nr e, u; r} r pf"I'o p +Or ded trlit tit r•r t t: th i
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