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202202907
<br />interest or in the performance of any covenant, agreement or warranty contained in this Deed of
<br />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 (f) 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 />hereby conveyed and Trustor does hereby expressly waive, release all rights and benefits of any
<br />homestead, dower, curtesy, appraisement, exemption and stay laws of this state. It is agreed that the
<br />interest provided for in subsection (g) above shall be at the same rate as specified in the Note
<br />secured hereby on the principal thereof after default and maturity.
<br />SECOND. In the event Trustor, without the prior written consent of Beneficiary, shall sell,
<br />transfer or convey or contract to sell, transfer or convey the Property, or any part thereof or any
<br />interest therein, the entire balance of the indebtedness hereby secured shall become and be
<br />immediately due and payable at the option of Beneficiary; provided, however, Beneficiary may
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