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202006578 <br />B. delivered and is payable to the order of Beneficiary, and which by this reference is <br />hereby made a part hereof, and any and all modifications, extensions and renewals <br />thereof, and <br />C. And renewals thereof, and <br />D. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with <br />interest thereon at the rate of Five percent (5.0 %) per annum, and <br />D. The performance of Trustor's covenants and agreements. <br />This Deed of Trust, the Note, and any other instrument given to evidence or further <br />secure the payment and performance of any obligation secured hereby are referred to collectively <br />as the "Loan Instruments". <br />TO PROTEST THE SECURITY OF THIS DEED OF TRUST: <br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and <br />the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as <br />provided in the Loan Instruments. <br />2. TAXES AND ASSESSMENTS. The 2019 and all prior year taxes shall be paid by <br />the BENEFICIARY, including any assessments, special or otherwise, assessed against the trust <br />estate or any part thereof. The taxes for the year 2020 shall be prorated to the date of closing, <br />and will be based upon the mill levy and assessed value of the premises for the year 2019. Such <br />proration shall take place at closing by charging the share of taxes attributable to the <br />BENEFICIARY against the balance due at closing. TRUSTOR shall directly pay such taxes, <br />without notice or demand as each installment comes due and shall provide the beneficiary with <br />evidence of the payment of the same. <br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage <br />insurance insuring the improvements and building constituting part of the Trust Estate for an <br />amount no less than the amount of the unpaid principal balance of the Note (co-insurance not <br />exceeding 80% permitted). Such insurance policy shall contain a standard mortgage clause in <br />favor of Beneficiary and shall not be cancelable, terminable or modifiable without ten (10) days <br />prior written notice to Beneficiary. Trustor shall promptly repair, maintain and replace the Trust <br />Estate or any part thereof so that, except for ordinary wear and tear, the Trust Estate shall not <br />deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate. <br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any <br />action or proceeding purporting to affect the security hereof or the rights or powers of <br />Beneficiary or Trustee, and shall pay all costs and expenses, including cost of evidence of title <br />and attorney's fees, in any such action or proceeding in which Beneficiary or Trustee may <br />appear. Should Trustor fail to make any payment or to do any act as and in the manner provided <br />in any of the Loan Instruments, Beneficiary and/or Trustee, each in its own discretion, without <br />obligation so to do and without notice to or demand upon Trustor and without releasing Trustor <br />from any obligation, may make or do the same in such matter and to such extent as either may <br />