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<br />89—,103981
<br />FIRE, CASUALTY, AND OTHER INSURANCE: To keep such property insured against loss or damage by fire and other
<br />risk or risks which, in the sole 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 defivery 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 forthe amountof such insurance, the form or legal sufficiency of
<br />insurance contracts, solvency of insurers, or payment of losses by insurers, and Trustor hereby expressly assumes full
<br />res)a risibility therefore and liability, if any, thereunder. In the event of loss, Trustor shall give immediate written notice to
<br />BenefficiW,.and Beneficiary may, but is not obligated to, make proof of loss if not made promptly by Trustor. In case of any
<br />IOW lytt emmoun.tcollected under any policy of insurance on such property may, at the option of the Beneficiary, be applied
<br />by ficiary upon any indebtedness and /or obligation secured hereby and in such order and amount as Beneficiary may
<br />detwimi,ne. or said amount or any portion thereof may, at the, option of the Beneficiary, either be used in replacing or
<br />restorimxg the improvements partially or totally destroyed to a condition satisfactory to said Beneficiary. or said amount or
<br />any pion t *m. f may be released to the Trustor. In any such event neither the Trustee nor the Beneficiary shall be
<br />obligalted to see to the proper application thereof; nor shall the amount so released or used be deemed a payment on any
<br />indebtedness secured hereby. Such application. use and /or release shall not cure or waive any default or 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 passto, the purchaser of the prop" covered thereby at any Trustee's sale held
<br />hereunder. If said property Is sold pursuantto the power of sale contained herein or pursuant to any decree of foreclosure.
<br />all right, title andinterest 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 />otherr requirements and provide such other type of insurance as Beneficiary may require from time to time for the protection
<br />by Inswance 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 at[ general
<br />and special taxes and assessments and either public charges. and in no event later than the data such amounts become °
<br />due and to further pay when due or requested: (1) all encumbrances, charges and liens, with interest. on such property. or i
<br />any part thereof. which are. or. appear to beneficiary. in its sole discretion, to be prior to or superior hereto. (2) all costs, fees
<br />and expenses of this trust, whether or not described herein. (3 ) fees or charges for any statement regarding the obligation
<br />secured hereby in any amount demanded by Beneficiary, not to eexe-am g:g.;, .. ;.!!t.':n °.^.`.o:ii:t gllo; a ; vii ia:: u —fore dt
<br />the time when such regttsst is made. (A) such outer charges as the Beneficiary may deem reasonable for services rendered
<br />by Beneficiary and furnished at the request of Trustor or any successor in interest to Trustor, (5) if such property includes a l
<br />leasehold estate, all payments and obligations required of the Trustor or his successor in interest under the terms of the
<br />inn r ar=rant or irisirurnents creaiing such leasehold, (6) all payments and monetary obligations 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 any nature pertainingtyo such
<br />property. Trustoragreesto notify Beneficiary immediately upon receipt by Trustor of notice of any increase in theassessed
<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 laic deducting from the value of real property 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 />purp . or the manner of the collection of any such tines. so as to affeetthis Deed of Trust, the holder of this Deed of Trust
<br />and. oft tie obligations which it secures shall have tteright to declare all sums secured hereby due as of a date to be
<br />specitied by not less than 30 days' written notice to be given -to Trustor by Beneficiary; provided, however, that such ;`..
<br />election shall be ineffective if Trustor 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 Beneficiary shall so request, Trustor agrees that thekesttaia be added to the
<br />periodical payment required to be made hereunder an amount estimated by Trusted to be.sufficient is enable Trustor to
<br />pay, at least thirty (30) days before delinquency. all - general and.special taxes, assessments, orrother public charges
<br />against such property, the Promissory Note. or uporro on acountof the debtor the lien of this Deed ofTrust, togetherwith
<br />premiums for insurance required to be provided under this Deed of Trust and all mortgage insurance or guaranty fees,
<br />premiums or similar charges and no interest shalt be payablivip Trustor in respect thereof. Upon demand by Trustee,
<br />Trustor shall deliver to Trustee such additional sums of money as are necessary to make up any deficiency in the amounts
<br />necessary to enable Trustee to pay any of the foregoing items.
<br />SUMS ADVANCED TO BEAR INTEREST: To pay immediately upon demand any sums advances or paid by Beneficiary
<br />or Trustee underany 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 UEPOSiTS: 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 behaltof Trustor with any city, county, public body or agency, sanitary district gas and/or electric
<br />company, telephone company and any other body or agency, for the installation or to secure the installation of any utility by
<br />Trustor, pertaining to this property.
<br />FAILURE OF TRUSTOR TO COMPLY WITH DEED OF TRUST: In theevent Trustor should fail to make any payment, orto
<br />do any act as provided in this Deed of Trust, or fail to perform any obligation secured by this Deed of Trust, or do any act
<br />Trustor agreed not to do. Beneficiary. bvit without obligation co to do and without notice to ur demand upon Trustor and �
<br />without releasing Trustor from any obligation hereof and without 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 hereof.
<br />Beneficiary being authorized to enter upon such property for such purposes, and (b) pay, purchase. C(intecl or
<br />compromise any encumbrance. charge or lien, which in its ludgernent is or appears lobe prior or superof hereto. ar+d (c )
<br />in euercging any such power. P iy riet:essafy f-051% fees, and expenses. employ cour-;el and Pay counsel's reasonable
<br />f19A Trustor agfe+-s to repay ary amours so expended oft de m-inrt of Benmw of V
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