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<br /> ' ex�cuted by Jacquett� I. Pssdc. a Singls Rersan, and pronidtng f�or ths paym�nt oT aaid ind�btsdness in .'.":::.-:;;�.`�:;:,_��::,;;•.;;' .,
<br /> inet�l3abnts, ttw 2ast ot �hich is due and pdyable NaueaA�r 1. 2004� aabJect to acx�2esatian of .=.`.,�.:`:�;^<• ,.:'._�'.�';:. � `:;:.i;r.
<br /> _ . a�afiurity on default in the payment of any irat�llma�t ot pr�.nciptl or 3nteraet ar in tt�a perfosn�ance �;:':.:.:;`� ' ;`;:.:,;;`;':;s>
<br /> ' � , of �ny covanar+t� agreemeitt or rana�ty contain6d f n this Deed ot Tsust� � . . ;r�"`:,:�"
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<br /> jt�). The perfoxarncs ot each agsee�snt, covenent end warranty at Truator herein cantair�ed or � :;;�°;:,.';; :�";..,
<br /> set forth in._tha Note or atiy agreeieant or irn�nAent executad by Tcvator in ca'rwctian With the � ' ' •
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<br /> _ ind�btedtrsa twY'eby s�dcteid= �r�d ` � �,`;`•:*.:a��: -
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<br /> �`•+: E�) �P�Y�t ot any 3um or �s of nwney With intereat thsrecm �hich �y be hereafter . . ,���'.'� .
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<br /> ��a�;' ;:_ :paid or advanGed��iix� ttrs tera�s nf the Des� of Trwt. "'`�`'::�,' � .- � :;•�.°`:
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<br /> : � ' '�:1'Y�t�``.��`t3RE,.TO PROTECT TFIE SECUiITY OF THIS DEED OF TRUST, Trustor does for himself and , • ' -
<br /> for Trtutor��l��y,':"�epresentative�� uende�s� successars ar�d assigns, the arnrs nt ssid Property. • �,• ;..:':'; . '
<br /> '` hereb e ressl �:covenant a and irarrant ta and With the Trustee end Beneficier and their , `. ::� ��
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<br /> - . stccessors, tt�adee,.s��a�d assignss ' ,;: �,.;,� . _
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<br /> : � '� q �.'�;j�� the ?rustor hereby Covenants and agrees, to the extent psrn►itted 6y Ie�r., as :` , ,t. � . '
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<br /> ,j , '`. fol2auss (a�'.. :'E�?'P�Y P�Ptly trhan due tFre principal. and intera9t end otFoer suRS ot maney provided , � .
<br /> � , tor in the Na� .�d in this Deed of Trwt; (b) to pranptly pay bafo�e dalfnquaxy all taxes, -' ,'•°`��`��
<br /> '�` � aasessn�ents and iit[�er chazges imposed by lau upan the Rropertyi (c) to keep the a6ave-descrihed , > ,
<br /> Property and the i�srovements thereon 3n gaod ca�dition and repsir end not to cammit or sufter uiaste �'�j���'� '
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<br /> • � ttmreaf, and except.a���aatfiorized in any scheduie araiexed hereto and forming a part fiereof, neither to ' , . ��`�•,���
<br /> :,°`: �. ren�ove ror permft ��raeaval of eny tim6er� txiildings, oil� gas� minerals, stoe�e, rack, clay. , „�.".�
<br /> `°�:�:�:.' fertilizer, gravs3�aa�'�tr�soil �oithout the prior written conser►t ot 8e�ficiery= (d) to mai.�tein acid • � • .
<br /> deliver to Berr3';32����r.fes of ins�ar�ce against such hazards on the Iwildings and improvamants - = � ;
<br /> nar or hera�f�ea:I�°i� ar� ar catstituting a part of the Property as the Beraeficiary shall require, �` ;A�;',;.: :.• �' :,'-'
<br /> ; in su�h can��n�,as� anc am�a.mts end u�itfi such loss payable cleuses not les� then the outstu�ding � � . �',�;_'
<br /> indebtedneasg Yhat in ti�.�uent nf lass, Beneficiary is e�cpres�ly euthorized to settle or compranise ,
<br /> claims unde�r sai� polic.fe�e�d tha proceeds thereof shall be paid to the Beneficiary Who may apply the �
<br /> � j � sa�ne or an��x� tfsere0f o��the irKletstedness securad h�reby or toa�ard tiw r�con3CruCCSon or repair of ' . �-
<br /> � said 6uildings ��improvements or release same to the Trustor; (e) to pay any lien, claim or charge.
<br /> ". � against ttie praparty mhich.might take precedence over the lien hereof; (P) to pay on demand all lagal ..
<br /> expenses, tit2e searches9 appraisal or attorneys� fees reasanably incurred pr paid by Benefiaiary to
<br /> jcollect the No�� � `r.�Ynsure or proteCt the 2ien of this Deed ot Truat; (g) that in the event :;� _
<br /> , Trustor sfiall Pai�_tr,r a�:ly�with the proviaions �P (eJ through (f) above. the Beneficiery may expend ';��•�: ,
<br /> such tund� and take such action as is necessary to reraedy such Pailure and all suns paid by the , •
<br /> - � . Beneficiary pursuant hereio mith interest et the rate l�ereinafter provid� shsll cor�titute e �ian ' °
<br /> upon the Propert/� shall �secured by this Deed oP Trust, end shall be iamedietely due and repayabls •
<br /> ; to the Benetio�,ay,; (h) rsc� 'ta sel? the Property or any portion thereoti and in the event of such ssle .
<br /> , eierein prohitri�a~^a then �:°� c��� irrJehtedness secured by this Deed of Trust shall, at the optfon of
<br /> `frd�e Beneficfa..�„ .�ecome �ra,�c pry3'ble= (i) thet if the Property or any psrt os parcel ther�ot ehall
<br /> f,+� tstcen or �;ed ur.der {C�tw parer of eminent danain� the aWard for any Property so teken or dan�eged
<br /> _ -�,-__-= C���rlareift+n- cnr.nre»ro �lama�uy �.� fitey rans�,nn n*,�nlcnel ch�ll h�a noj�1 tS �t� n..."'i.."'t3.:+�::y �P� �j,p:��"� -
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<br /> i,n �ull or in h:a�� pt the option o'� �t�a 9eneficiary in reduction oP the indebtedness hereby sacurer/t •
<br /> (�y i'tEoa± the BernriP�r:iary ehall haue, '?,p sight to inspeCt the Rroperty at such reasonabla tim�� as the
<br /> 8er�e'�_��iary may desi.re te ��°:7i1fR19 �lID�l:l..�O��S Camplien�e With the cavenants cantained in thls Oearf of
<br /> Trust= (k) that the Ber�?::raT�zp r:�y sQ2easa from the lien hereof any part or parcel of the Proparty
<br /> �ithout requiriny any cortsiderat�aa;_ b��refor. and �(1) that Trustor is la�rfully sefzed of said premises
<br /> ar►d ?zoperty in tee sinpls, 3"�rzk '�he same are Pree end Will remain free from ell liuny nnb •--
<br /> enaini6�er�nces s�nry�t as may ot!�er��a be specificelly noted herein or Waived in Writing by the '
<br /> � Ber�r!f'fcta�'& �e: Trustor mill ex�c:te or proc�re any further necessary assurances of title and doe� . .
<br /> ' , hereby� �ra,rLa�': �enerally the tit�e� to said Property and Wixl lorever defend the same egainst the
<br /> claima �� �� ot all persort� a�.�raoever, and that Trustor'3 separate estate� mhather vo�ted.
<br /> cantinc�*rt� as iiria rt;x;.ectency, is �_�+��,�aveyed and 7:ustor cbes hereby expressly u►aive, releaye oll
<br /> ' right� a�;n ber��i�� of arty Fv�es,°�3, darer. curtesy, appraisement, exemption and stay leW� ot thie �
<br /> etete. �:. i� agreed'k.kr�: :L�rn� ��s2st proui�ed for in subsection (9) abave sha11 be at the �ame rate , �
<br /> . e� �pecit�ed�tn the Note se�ured f�e�� rx� tn9 �rfncitsa]. ttiereof after defau2t and meturity.
<br /> SEt�rN�: In the event Trustcr, �y@h.a:F the prior writtan consont nf Banaficiary, sha12 sull,
<br /> transfer or cnr►vey or contraat to sell, trar�ea or canvey the Property, or any part theranF or at�y �'----
<br /> �ntere�t therein, the entire balence aP :t�e indebtsdness hereby secured shall become a�xf b� � �
<br /> immediete�y due and payable at the optfon a6 �eneffciery; provfded, hauever� Beneffciary may waiva y
<br /> such option to accelerate if� priur to su� aale, transfer or conveyance or contrect tharaforti. I �
<br /> .
<br /> Beneficiesy and the person to ufiam the pra�•arty is to be sold or�transferrQd reach an ayroament in .
<br /> Writing that the credit of such person is se�3sfactory to Beneficiary and that tho interest payablQ an
<br /> the sums secured by '�his Oeed of Trust shali be at such rate as Berreficiary sha1Z reyuast.
<br /> � TFlIRQt i::��' as furth��:�ecu�fty Por tha payment oP the Noto and the indol�t�dRUa;> thure.�by
<br /> . ovider�ced arxi ttre �I''csmance af 211 of the terms, cover�ants �nd conditions her�of, Tru�tor uycu�::;
<br /> that F3eneficiary shai.l er:� dc��s�seby have the right� pomer and authority dusin� th� eontinuaricce uP
<br /> _� � thi� EJeed of trus�« � cQ1:��r-':•'��^�rents, issues and profits of the Property and of any �ieraana2� � _
<br /> proa�rty located �her�r�.iv,ifi.�r ar url.tfiout taking possession of the property agPeCtcd therr.:byi �nd
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