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<br /> _. : -;,{�'+��� w�reasonably withheld pmvided tlaat(i)HenQficiury is a named inaured on such insurance� (ii) ��_�
<br /> . �eneficiary receives complete copies of all poiicics evidencin$such insurance, and (iii) such ��_ _
<br /> inaurance complies v�+Ith all of the applicable requirem�nts set fo:th heeei��. L-R
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<br /> .� . � 1.5 �'avmen�of Taxe�. Trustor shall pay or cause to be paid exce�pt to the extent -
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<br /> �y`"p '�v provtsion is actually made therefor pursuant to ectio .6 of this Deed of Trust,all taxes a�d
<br /> '"`���'` assessments which are or may become a lien on the�roperry or wluch are assessed against or
<br /> . :;�}� imgosed upon the Pm�e�ty. Tn�stor shall fumish Henefici�ry vvith rec�ipYs(or if receipts are not
<br /> , .;,;.�� iramediately r�vailable, with capies of canceled checks evidencing payment with receipts to
<br /> � fo l low p r o�p t l y a f t e r t h e y become available)showing payiment of sach taxes attd assessments at
<br /> ";, .. least Gfteen (15) days prior to the applicable delinqi:ency date therefor. Notwithstanding the
<br /> � , ��� :�•� � ro riate roceedings and u on notice to HeneS�iary,
<br /> _�_;��,. foregoing,Tn�stor may in good faith,by app p p P
<br /> "�'��=' �. contest the validity,applicabi�iry or amount of any asseited tax or assessment so lonffi as(a)such
<br /> �=.d:.
<br />-=`�`:�=; ,. contest ia diligently pursued, @) Heneficiary deYer,uir�tes, in its sabjeative �pinifln, that s��c .
<br /> *-'-'���° contest suspends the obli$ation ta pay the tax a�d that nonpayment of such tax ar assessment will _
<br /> ���v,,�T:�� not resuit in 4he s�te�lass, forfeiture or diminution of thA r=�7��OT �I �A��=r���: "°gy
<br /> --- interest of Beneficiary therein,sud(c)prior to the earlier of the commencement of such contest
<br /> _�,:��.� or t�.e d�linquency date of the asserted 4ax or assessment, TrUStor deposits in tLe Impound
<br /> .�-�:;;�,�; pccount 4as herein�fter defined) an amount determined by Beneficiary to be acteq�ate to cover
<br /> -.=���ea the payment of such tax or asseesment and a reasonable actditional sum to cover possible interest,
<br /> '�'"`"�i costs and penalties;provided,however,thai Trustor shall promptly caus�to be paid any amount _
<br /> ___� �•. • � adjudged by a court o�corra�etent jurisdictioa�to be due,with all interest, costs amd��alties
<br /> __�7! . ,�'' .� ... thereon�J�rnmptly after such,��►dgment becomes final;and provided further tha3 in any event�e�ch
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<br /> ' ` � such contest shall be concluded and the taxes, assessments,interest,costs a�a�penal�ias�s►�tI�e =
<br /> — . � � paid prior to the s��te any writ or order is issued under wluch the Properiy may'bc sold,�,lost ar •.
<br /> � forfeiteti. � . �-
<br /> _._._.�'^,'.. 1,�. Tax and Insura�uce Imoound Account .3Y�?.stox shall establish �d maintaiu at �1 •
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<br />- __��1;;� .�. times��whiie this Deed of 'Ihist continues in e�'e�t �n unpouad accou�t�:{the "Imgonnd
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<br /> ' Acconnt'�with Bene�nciary fof�payment of real estate'taxes and assessments an msurance on
<br /> _=__- � ' the Pmgart}r and as additional seourity for the indebtedness secured hereby. 5imultaneously�with
<br /> - -:>�.�_ the ex�cu4ion hereo� Trustor s4aaU deposit in the Inppound Account an amount determined by
<br /> = Beneficiary to be necessary 4o ensure that there wi1D�.e.on deposIt with B�eficiary an amount
<br /> wluch, when added to the monthly payments subsequently required to be depositeal witb
<br /> ------- Beneficiary hereurider on account of reaD estate taxes,assessment��d insurance pnemiumg,will
<br /> ��"�" result in there beiuig on deposit with Beneficiary in the Is�apound Acaouait an amount suffici�nt W
<br /> ��� pay ihe�next due amiiial ins4�llxnent of re,al estate t�ces snd assessment on t3�a Prop�rey at least
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<br /> -�='� one(1)��month prior ta the due date thereof(if paid igi ss1�e installment}and 4he;next due ann
<br />— __ ---- insurauce premiui�s with respect to the Property at least one(1)month prior to the du�date -
<br /> . �� thereq�(if paid ia oae installment). CQmmencing on the first monthly payment dste u�der tt►e
<br /> _- Na�arid continning thereafter o�a each monthly payment date under the Nmte,Tnistor sfiaU pay
<br /> -v� to Bem��ciary,concurrently with and in�tddition to¢�e monttily payment d���inder the Noie attsl
<br /> � untiD the Note a�c1,a11 ather indebtedness secured hereby is fully paid and p�om►ed,deposits in
<br /> — an amount equal to one-twelfth (1/12) of the amount of the a�nual real estate taxes and �,:
<br />� - '�' u.`f�c`J'SUtGti%S�i`u8a v1�'i� a�wii a"":..�...°�'�°°-�••�*4?Sj3L•�P Q1� LitE��i�Y�'3�Ni.to v;tL'-2�.'.°.i�Aw�.�.�j:•; -..
<br /> _-�^� the amount of the annual premiums that will next�aome due and payable on insnranee palicies
<br /> _---`�-�- wbich Trustar is required to maintain hereunder,��each as estimated�m�ad determined by �. . _
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