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<br />FIDE, CASUALTY, AND OTHER INSURANCE: To keep such property insured Against loss or damage by fire and other
<br />or risks which, in' Mrs sole opinlan of Baneficlary should be insured against. under policies of insurance with ioes '
<br />- -�'- to Beneficiary in form, amount and companies acceptable to 8eneficisry. Said policies shall be delivered to and
<br />in possession of Beneficiary as further security for the faithful performance of these obligations, which doliveIV shall
<br />an assignment by Trustor to Beneficiary of all rights thereunder, including all return premiums; to deliver to
<br />�., a policy ar poNcies renewing or extending any expiring insurance with a receipt showing premiums pa at
<br />== thirty (30) days before expiration. It Trustor fails to so deliver any renewal policies, Beneficiary may procure such
<br />Ao it may elect and may make payment of premiums thereon, which payment I$ repayable on demand. Neither
<br />�ustee nor Beneficiary shat) be responsible for obtaining or maintaining such insurance. Beneticrary. from time to time,
<br />furnish to any insurance agency or company, or any other person, any information contained in or extracted from any
<br />- policy theretofore delivered to Beneficiary pursuant hereto, and any information concerning the loan secured
<br />In no event and whether or not default hereunder has occurred shall Beneficiary. by the fact of approving,
<br />- - -- o or obtaining such insurance, incur any liability fortheamount of such insurance. the form or legal sufficiency of
<br />contracts, solvency of insurers, or payment of losses by insurers, and Trustor hereby expressly assumes full
<br />_pu;,n;welity therefore and liability, if any, thereunder. In the event of loss. Trustor shall give immediate written notice to
<br />:.- jhticiary, and Beneficiary may, but Is not obligated to, make proof of loss if not made promptly by Trustor in case of any
<br />Q;-' ,,aamountcoltecteci uilder any policy of insurance on such property may, at the option of the Beneficiary, be applied
<br />Beneficiary upon any indebtedness and /or obligation secured hereby and in such order and amountas Barreficiari my f
<br />the option of the Beneficiary. either be used in replacing or
<br />or said amount or any portion thereof may. at
<br />u,e improvements partially or totally destroyed to a condition satisfactory to said Beneiiciary, or said amount or
<br />portion thereof may be released to the Trustor. In any such event neither the Trustee nor the Beneficiary shall be
<br />to see to the proper application thereof; nor shall the amount so released or used be deemed a payment on any
<br />d a =secured hereby .Suchapplication.useand /or release shall not cure or waive anydefauRor notice ofdefault
<br />—_ de: or invalidate any act done pursuant to such notice. Any unexpired insurance and all returnable insurance
<br />- - ato the benefitof, and pass to, the purchaser of the property covered thereby atany Trustee's sale held
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<br />- -- -- d?r. If said property is sold pursuantt the power of sate contained herein or pursuant to any decree of foreclosure,
<br />..right, fige and interest of Trustor in and to the proceeds of fire and other insurance policies for damage prior to the sale,
<br />` -` proceeds are not received prior to the date of said sate, shall belong to Beneficiary. Trustor will comply with such
<br />PagiifreiaT is and provide such other type of insurance as Beneficiary may require from time to time for the protection
<br />= insurance of the interest of the respective parties hereto.
<br />(TAXES AND OTHER SUMS DUE: To pay, satisfy and discharge, at least iaa IR" (10) days before delinquency all general
<br />special taxes and assessaa imis and other public charges, and in no exx9nt later than the date such amounts become
<br />- -nd to further pay w ih en due'or requested: (1) all encumbrances, cha'-g and liens, with interest, on such property. or
<br />. -,y partthereof, wh'rzh wv, or appear to beneficiary, in its sole discretion, to be prior to arsuperior hereto, (2) all costs, fees
<br />olthis trust, whether or not described herein. (3) fees or ciTergesfor any statement iregarding the obligation
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<br />in any amount demanded by Beneficiary, not to exceed the maximum amount allowed bylaw therefore at
<br />-Iw,ti �awhen such request is made,(4) such other charges aisii^e Beneficiary may deem reasonable for services rendered
<br />Beneficiary and furnished atthe request of Trustor or anp successor in interest to Truslrar, (5) if such prop", includes a
<br />estate, all payments and obligations required of the Trustor or his successor in interest under thelerms of the
<br />:•nor•: or instruments creating such leasehold, (6) all payments and monetary obligations required of the owner of
<br />property under any declaration of covenants, candilions a+w restric8ysns pertai. ^.i ^g M s'!rh property or any
<br />- �,Har, thereof; (7) all mortgage insurance or guaranty fees, premiums, or charges of any nature pertaining to such
<br />Trustoragrees to notify Beneficiary immediately upon receipt by Trustor of notice of any increase in the assessed
<br />value of such property and agrees that Beneficiary, in the name of Trustor, may contest by appropriate proceedings such
<br />increase in acct ,nmenL
<br />in the event of the passage of any law deductl,-g• from the value of re-af, pi.opeCtIF lorti.'Ce fiurT of taxation any lien
<br />thereon or changing in any wayth a laws for the taxation of deeds of trust ardebl ,S secured ay deeds of trust for state or focal
<br />purpose& or the manner of the co3�ection of any. s�:cfi taxes, Sias to affect r., sdeedo' L -fist. the holder of this Deed of Trust
<br />and of the obligatiors which it secures shaft t.,ave the right lb declars.a^5 sums Sr ;Jt.ad hereby due as of a date to be
<br />specified by not less K ^an 30 days' written naurce to be given to Trvstas !by Beneficiary, provided, however, that such
<br />election shall be in -64fe. we if Trustor is periwmed by law to pay the wholb of such tax in addiu:an to all other payments
<br />required hereunder ar,11 pit, P rear• $Q such specified date, does pay sue , tax and agrees to pay any such tax when hereafter
<br />levied or assessed agar. suJi -operty, and such agreement shat: constitute a.1noal.Acation of this Deed of Trust
<br />FUNDS FOR TAXES cr,ND MURANCE: If Beneficiary stet r so request Trustor agrees that there shall be added to the
<br />periodical payment required to be made hereunder an amount est'm.ai gd by Trusted to be suMcient to enable Trustor to
<br />pay, at least thirty 43a) days before delinquency. all gert _'Z6. arri sp>a«:al taxes, assessments,,2a other public charges
<br />against such property, the Promissory Note, or upon or on. =0"r,to� 1n debt or the lien of this Deed of Trust, together with
<br />premiums for insurance required to be provided under vh-s Inc d of Trust and all.rna.rrgage rrsurance or guaranty fees,
<br />premiums or similar charges and no interest shalt t7e l;rarta.�.e to Trustor in respect thereof. Upon demand by Trustee,
<br />Trustor shall deliverto Trusteesuch addition i,s_ r ms of money asarenecessary to make up any deficiency in the amounts
<br />necessary to enable Trustee to pay any of ttt� tnregoing items.
<br />SUMS ADVANCED-TO BEAR INTEREST: To pay immediately upc.ry:rYc-w -.arid any sums advances or paid by Beneficiary
<br />or Trustee undera:rry clause or provision of this Deed of Trust. r'? Rye such: suers, until• sa. repaid. shall be secured hereby and
<br />bear interest from iiieL .ate advanced or paid at the same mteas setfbrth a :such Promissory Note and shall be secured by
<br />this Deed of Trust:
<br />ASSIGNMENT OF DEPOSITS: 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 behalf of 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, forthe 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 the event 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, but without obligation so to do and without notice to or 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, contest or
<br />compromiseany encumbrance, charge or lien. which in its judgement is or appears to be prior or superior hereto, and (c)
<br />in exercising any such power, pay necessary costs. fees, and expenses, employ counsel and pay counsel's reasonable
<br />fees. Trustor agrees to repay any amount so expended on demand of Beneficiary.
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