202001440 - Laserfiche WebLink

Browse

202001440 c.) The Beneficiary's charge for a statement regarding the secured obligations requested by or for Trustor; and d.) The performance of each agreement contained in this Deed of Trust. e.) Specifically, the terms for repayment are: For a total note amount of $85,000.00, Trustor will repay the principal amount, with 4.75% annual interest to Beneficiary, for a term of 108 months. Monthly payments will be for $1,000.00 with first payment due on July 01, 2019. III. Security of Property: In order to protect the beneficiary's interest in the real property, Trustor agrees to pay and maintain the property in the following ways. a.) Condition: To keep the properties in good condition and repair; not to remove or demolish any building; to complete and restore any building which may be constructed, damaged or destroyed; to comply with all laws affecting the property or requiring any alterations or improvements to be made; not to commit or permit waste; to cultivate, irrigate, fertilize, fumigate, prune and do all other acts which from the character or use of the property may be reasonably necessary. b.) Insurance: Trustor will maintain home insurance on the properties in the amount required to provide for replacement cost up to at least the point that the Beneficiaries financial interests would be reimbursed upon total loss to the property. Trustor will notify the Beneficiary of any periods of time in which insurance is not current with the value of the property and will take every reasonable step to re -secure insurance as soon as possible. c.) Taxes: Trustor will pay all real estate property taxes on the properties by their due date and will not allow the taxes to become delinquent. d.) Acts necessary to secure compliance: If at any time Trustor fails to exercise these requirements, Beneficiary may take the necessary steps to secure compliance to protect his interest and any expenses related thereto will be reimbursed by the Trustor. IV. ASSIGNMENT OF RENTS At anytime after the signing of this document when Trustor defaults upon the terms of this Deed of Trust of the promissory note it secures, the Beneficiary will be immediately entitled to possession and collection of any rents on the property due and owing, to secure the obligations contained in this deed of trust and the promissory note it secures. The rents shall include, past, present and future -owed rents. V. DEFAULT Any of the following events shall be deemed an event of default under this Deed of Trust and the Note it secures: 2