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<br /> - ' 4w�e�RrCq^�C^;js � .w?ti •n•�o.AMArr�Y, �'Mr�r�iMAM .y.,
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<br /> � _ . � .' �`�, `� 9����ooi�� • • '�Y•��yti'Sn�- -
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<br /> � ��'''"'"'�.��=- in�ured ageinat losa or dama�e by rire and othsr -�--j��� �''
<br /> ., .. ... ^;�,,..;� FIME.CASUfiL i lt�I1hiD OTHER IN�URANCE:Ta kcep such property "�:�_�.•-,,�--_--
<br /> risk or riake which,in the sole opinion oi Benellcfery should ba inaured agains�under policies ol fnsurence with ioss -_�
<br /> �' payabl�b 8ano0clery In(orm,�mount and comp�nfea accepteble to Beneficiary.3aid policie�ahell be deliwred to and °��-�•'-"-==�=='
<br /> .;::��'-',t -
<br /> .. ° ` remaM in posseatian ot BeneficiRry as furihar securltylor thelalthtul pe�lormanca oltheae obligodons,which daivery fhall __
<br /> a s�a,�,;_-
<br /> .t --.�.. constitute en a�s�ipnrnmt by Trustor to 8sneticlary o1 all riphts thereunder, includinp aU retum premlums;to dslive►to --�---- _.___
<br /> . �; Beneficiary a poNcy or policies renewing o�extendin�any expiring ineu�ance with a recefpt shawinp premiums pafd at �.:,�_��=�:y�Q�
<br /> ' . �+ `:; `.'.;�;�:i;;5•±. least thiny(30)days bstore expiratlon.It Trust�rfailsto eo deNver any�enewal policfes,Be�eficlary may prxure such .�°:"�,������
<br /> ,� ,:.,,...., -
<br /> _ Insurance at it may etect and mey meke payme�t ot premiums the�eon,which peyment is repayabte on demand.Neither ��•r-�•�;��°��__
<br /> . T�uetee nor BeneNciary ahell be responsible for obtain9ng or malnteining auch insurance.Beneficfary,lrom tlme to time, '''��'T'--'`---
<br /> . ._,:, •..; . . � . �r.....v,a.....c..
<br /> �� .' may lurnish to any fnsurance apency orcompany,or eny other person,eny information contained in or ext�ected Irom any ' � "
<br /> . � inaurance policy theretotore deHvered ro Beneficiarv pursuant hereto,and any intormation conceminp the IoAn aecu�ed ,. ,-;-Y r;,�.�--
<br /> "� hereby. In no event and whether or not defeult hereunder hea occurred shell Be�eficlery,by the fact ot approving,
<br /> � ecceptingcroblainingsuchfnsurance,Incurenyliabillyfortheamouetolsucbinsura�ce,theformorlegalsuHiciencyof - .
<br /> inaurence cont�acts,solvency ot insurers,or payment of losses by insu�rer.�„anci Tr�estor hereby expressly aeaumes full �
<br /> responsibiliry therefore and liability.if any.thereunder.I�the event oi bss,Trustor streatl give imrnediete w�itten�otice lo � •-•
<br /> 6eneticiery,and Beneficiary may,but isnat abligatad to,meke proof ot lass eA awt madie promptly by Trustor.In caee of any l
<br /> losa the amountcollected under any poticY o1 insurance on suah propert%m�z��,at the option oi Ihe Beneifclery,be appliad !'�
<br /> ,�
<br /> � py 8eneliciary upon aoy indebtedness andfor o9�ligation secured hereby aa�d�n euchorder and emountas Beneticiary may ;
<br /> � . � detennine' or said amouM or aoy portion thereot mey, at the optlon of the Beneficiar�,efther be used in reptacing or
<br /> �`"��;�����}���� � restoring tlhe impro�eme�ts pefially or totally deshoyed to a condHfon satlatactory to said 9eneficlary,or said amount or 1� . ,f , • .
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<br /> , •; ,;%!•-i`j',:�°At�?�. any portion thereal may be released to the Trustor.k�eny such event neither the Truatee nor the 8eneticiary shall be �,
<br /> :•.;;S�lf�?;id�x �`� `` ebliflated to see ro the proper epplicatfon thereot;nor shall the amount so�eleased or used be deemed a peymeni on any t , •
<br /> '��•;.���'� �. ��� •���'+;�`,; � indebtedness secured hereby.Such applicatioR,use and/or release shall not au�e or waive anydetault or notice of default � `;�;�,,,,,_
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<br /> '���<< ' :; ; :,::��;��:��; hereunder or invalidate any act done pursuant to such notice.Any unexpired insurance and all retumable insurance ..
<br /> �j� "'�,`c,i�:`-.';�"' premivaessshallinsuretoth�benetltof,andpassto,thepurchaserofthepropertycave�ediherebyatanyTrustee'ssaleheld
<br /> ' "j'����'`� hereunek�ir.lfsaidpropertyissoldpursuanttothepowerolsa';zc��tainedhereinorp�a�s�anttoenydecreeoffor�c�osure,
<br /> �� • • all right,tltle end iMere�t of Trustor in and to the praceeds a4Bise and Qther insura�ce policies for damage priort�the sate, ��':�
<br /> which proceeds are not rece{ved prior to the�d•at�of said saie,shall Q�elang to BeneTaciary.T�ustor w�ll compl�wlth such ; ',
<br /> , �� ,,L': other requireme�tsantl provide such other t�rpp 2t insura�Ce as 8eneficiary may requore&om time ta�arne br 16�e protecdon � ,:�:�., ��
<br /> by insurance o1 the ioterest of the respeclive p�Aies he�eto. ���� �����'�°
<br /> . �:t�;':.�`f.' ; � _ ,I��;
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<br /> , . � • TAXES Af3D OTHER SUMS DUE:To pay,satesy and discharge.at least 10 ten(10)days before delinquency alY general � ,
<br /> .. � and specfal taxes acn¢t assessments and other public charges,and in na erent later than the date auch amounts become ,
<br /> � ,.,;. due endtcs further pay when due or requested:(1)ell encumbrances,chargesand Ilens,wlth interest,on suah property,or ''�����•�
<br /> `�•�' >���'4n ' a�y partthereof,which are,or appear to beneficiary,M Ils sole�di�cretion,to be prior to or superio�hereio,(2)all co�te,taes ' �`
<br /> and expenses of this trust,whether o�not described herein,(3 D�es or charges ior a�y statement regarding the obligation : +`
<br /> secured he�eby fn eny amount demanded by Beneficfery,no4 tQ exoeed 1he meximum amuunt allowed by lew therefore at • _ ';
<br /> . the tlme whan such request is made,(4)such other charges as the 8eneficiary may deem reasonable for services rendered t .. ,�,,�
<br /> by Benellclary end fumished at the request of Trustor or any successor i�lo teres t to T r u s t o r,(5)i t a u c h p r o p e N y in cludes a � :
<br /> . + , .;�. ; . leasehold estate,all payments a�d obllgations required of the Trustor or his auccessor in interest under the terms of the 1 '�,.�:; ,�.
<br /> fnstrument or inatruments creating such leasehold,(8)all payments and monetery obligations required of the owner oi !� � ;%��. �.
<br /> such property under a�y declaralion of covenants, conditions and rest�ictlona pertsfnfng to such property or any � '. ,
<br /> :•�,, ,
<br /> � • � modification thereof;�7)all mortgafle insurance or guarany tees,premiums,or charges oi any nature pe�talning to such �
<br /> .ti• . � p�operty.TrustoragreestonotfiyBeneficiaryimmediatelyuponreceiptbyTrustorofnotfaeofanyincreaseintheassessed . •
<br /> �', � value ot such property and agrees thet Beneticlary,in the name of Truetor,may contest by eppropriate proCeedin�s suCh : :` '
<br /> increase in asseasment
<br /> In the event ol the passage ot any law deducdng trom the value o1 real property for the purposes of taxatlon any Ifen � . �
<br /> thereon o�changing in any waythe laws tar the taxation of daedeof trust ordebts secu�ed by deedsof trustforstate or local ..
<br /> . purposea.or the me�ner ot the collection of any such taxes,so as to atlect this Deed of Trust,the holder of this Deed o1T�ust ;
<br /> •� and of the obligatio�s which it secures shall have the right to declare all sums secured hereby duo as oi a date to be ;�; ,
<br /> .�`': gpecified by not leas than 30 days'written notice to be given to Trustor by Beneficiary;provided,however,that such
<br /> ; ��I electfon shall be Ineffective it Trustor is permitted by Iaw to pay the whole of such tax in addition to all other payments
<br /> � '� ������' ;�� required hereunder and if,prior to such specified date,does pay such tAx and agrees to pay any such tax when hereafter �
<br /> '�'���'���';'���: ';i levied ar assessed agai�st such property,and such egreement shall constitufe a modification of thls Deed of Trust ��
<br /> , ''�: � �� FUNOS FOR TAXES AND INSURANCE:If Beneficiary shall so requeat Trustor agrees that there shell be added to the
<br /> , periodicat payment required to be made hereunder an amount estimated by T�uated to be sufficlent to enable Trustor to
<br /> • pey,at least thirty(30)days before delinquency, all general and special taxes,assessments.or other pul�lic cha�ges
<br /> against such property,the Promissory Note,or upon or on account ot the debt or the I ien of this Deed ot Trust,tac�cther with
<br /> premiums for insurance required to be provided under this Deed of Trust and all mortgage insurance or gu�ranty tees.
<br /> premiums or slmflar charges and no interest shall be peyable to Tr4sto� in respect thereof.(Jpon demand by Trustee,
<br /> Trustorshall deliver to Trustee such additional sumsof rnoney as arQr��ary Lo�xake up any deficiency in the amount� .
<br /> � necessary to enable Trustee to pay any ot the foregoing items
<br /> t
<br /> � � SUMS ADVAI�iCED TO B�kFi INTEREST:To pay�mmed�ately upcn�:•�"'���a�ny sums advances or paid by Benehciary ,
<br /> • ,.., or Trustee unQerany clause or provision of th�s Deed of Trust.any sucn s�rns,untd so repaid.shall be secured hereby and
<br /> bear intereSt from tt�e date aduanCed Or pa�d at th@ sam@ rate as set fORh in suCh PromissOr�M1bYeand shall be secured by
<br /> � this�ead ot Trust
<br /> •nn�n��a�cuT AC PfGOAC1TC�Th�f�a�,�,��,,,,�i aP.-„r�tv���h�s ba a construct�on loan.Trustor herel�v transfers and
<br /> ...��..�...��.. .�. ..
<br /> � essigns to 8enefic:ary dunng cont�nua�c�s ot mese Trusts,all r�ght,title and interest to any and all momes d�posited by
<br /> I Trustoro�deposiled on behaltof Trustor wiit�any cdy,county,publ�c body oragency,sanitarydistnc�gas anJ�or elect�ic
<br /> company,te�ephonecom�,aay and any other body or ag�ncy,for the mstallation or to secure the�nstallation otany utility by
<br /> ; Trustor,pertaininy to this pr�per'ty.
<br /> � FAILUAE OF 7RUSTOR TO COMPLY WITH OEED Oh"TRUST:In the event Trustor should fa�1 tomakeany payment,or to
<br /> do eny ect as provided io Ihis Oeed of T�ust,or fad to pe►form any obligation secured by this Deed of Trus1.or do any act
<br /> ; 4ruslor agreed not to do.Beneficiary,but without oblfgat�on so to do and wdhr,�,t nat�ce to or demand upon Trustor and
<br /> � witl�out releasing Trustor lrom eny obligaUan hereof and w�chout contesting the vaiid�ry or amountof the same,may(a)pay.
<br /> make or do the same m such manner and to such csxtgnt as d may deem r►ecessary to p�otect the securiry hereof,
<br /> BeneNcfary being aulhonxed to enter upon such p�operty for such purposes, and (b) pay, purchase, contest or
<br /> compromise any e�cumbrance,charge or lien,wh�ch i�its�udgemenl�s or appears to be pnor Or supenor hereto,and(c)
<br /> in exerc�sfng any such power,pay necessary costs,tees,and expenses,emptoy counsel and pay counsel's reasonable
<br /> tees.Truslor ayrees to►epay any amount so expended on demand ot Benel�ciary
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