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202100862
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Last modified
2/1/2021 4:31:17 PM
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2/1/2021 4:31:16 PM
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DEEDS
Inst Number
202100862
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`:'02100862 <br />warranty contained in this Deed of Trust; <br />(b) The performance of each agreement, covenant and warranty of Trustor herein <br />contained or set forth in the Note or any agreement or instrument executed by Trustor in connection <br />with the indebtedness hereby secured; and <br />(c) The payment of any sum or sums of money with interest thereon which may be <br />hereafter paid or advanced under the terms of this Deed of Trust. <br />NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, <br />Trustor does for Trustor and for Trustor's heirs, representatives, vendees, successors and assigns, the <br />owners of said Property, hereby expressly covenant, agree and warrant to and with the Trustee and <br />Beneficiary, and their successors, vendees and assigns: <br />FIRST: That the Trustor hereby covenants and agrees, to the extent permitted by law, as <br />follows: (a) to pay promptly when due the principal and interest and other sums of money provided <br />for in the Note and in this Deed of Trust; (b) to promptly pay before delinquency all taxes, <br />assessments and other charges imposed by law upon the Property, the Trustor's interest therein, or <br />upon this Deed of Trust or the Note; (c) to keep the above-described Property and the improvements <br />thereon in good condition and repair and not to commit or suffer waste thereof, and except as <br />authorized in any schedule annexed hereto and forming a part hereof; (d) to maintain and deliver to <br />Beneficiary policies of insurance against such hazards on the buildings and improvements now or <br />hereafter located on or constituting a part of the Property as the Beneficiary shall require, in such <br />companies and amounts and with such loss payable clauses as shall be satisfactory to the <br />Beneficiary; that in the event of loss, Beneficiary is expressly authorized to settle or compromise <br />claims under said policies and the proceeds thereof shall be paid to the Beneficiary who may apply <br />the same or any part thereof on the indebtedness secured hereby or toward the reconstruction or <br />repair of said buildings and improvements or release same to the Trustor; (e) to pay any lien, claim <br />or charge against the Property which might take precedence over the lien hereof; (f) to pay on <br />demand all legal expenses, title searches, appraisal or attorneys' fees reasonably incurred or paid by <br />Beneficiary to collect the Note or foreclose or protect the lien of this Deed of Trust; (g) that in the <br />event Trustor shall fail to comply with the provisions of (a) through (0 above, the Beneficiary may <br />expend such funds and take such action as is necessary to remedy such failure and all sums paid by <br />the Beneficiary pursuant hereto with interest at the rate hereinafter provided shall constitute a lien <br />upon the Property, shall be secured by this Deed of Trust, and shall be immediately due and <br />repayable to the Beneficiary; (h) not to sell the Property or any portion thereof without the approval <br />of the Beneficiary in writing; and in the event of any sale herein prohibited, then the entire <br />indebtedness secured by this Deed of Trust shall, at the option of the Beneficiary, become due and <br />payable; (i) that if the Property or any part or parcel thereof shall be taken or damaged under the <br />power of eminent domain, the award for any Property so taken or damaged (including severance <br />damages to the remaining premises) shall be paid to the Beneficiary and applied in full or in part at <br />the option of the Beneficiary in reduction of the indebtedness hereby secured; (j) that the <br />Beneficiary shall have the right to inspect the Property at such reasonable times as the Beneficiary <br />may desire to determine Trustor's compliance with the covenants contained in this Deed of Trust; <br />(k) that the Beneficiary may release from the lien hereof any part or parcel of the Property without <br />requiring any consideration therefor, and (1) that Trustor is lawfully seized of said premises and <br />Property in fee simple, that the same are free from all liens and encumbrances except as may <br />otherwise be specifically noted herein or waived in writing by the Beneficiary; that Trustor will <br />execute or procure any further necessary assurances of title and does hereby warrant generally the <br />title to said Property and will forever defend the same against the claims and demands of all persons <br />whomsoever, and that Trustor's separate estate, whether vested, contingent or in expectancy, is <br />
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