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202305437
<br />and relinquishes all rights of dower, homestead, distributive share, and exemption in and to the above
<br />described Real Property.
<br />It is understood and agreed between Trustor and Lender that this trust deed is given to secure the repayment
<br />in full of the all Obligations, regardless of whether Trustor is liable thereon, and all future and additional loans
<br />or advances, protective or otherwise, which may be made by Lender, at its option, at the request of, and to
<br />or for the account of Trustor, any of the parties liable under any of the Loan Documents, for any purpose,
<br />plus interest thereon, all payable according to the terms of the Loan Documents. Any Obligations secured by
<br />this trust deed shall be payable when due as set forth in the Loan Documents.
<br />This trust deed may secure more than one Loan Document.
<br />Trustor hereby assigns, transfers, and conveys to Lender all rents, issues, income, profits, royalties, bonuses,
<br />and delay moneys or other proceeds that may from time to time become due and payable under any real
<br />estate lease or under any oil, gas, gravel, rock, or other mineral lease of any kind including geothermal
<br />resources now existing or that may hereafter come into existence, covering the Property or any part thereof.
<br />All such sums so received by Lender will be applied to the Obligations secured hereby; or Lender, at its
<br />option, may turn over and deliver to Trustor(s) or their successors in interest, any or all of such sums without
<br />prejudice to any of Lender's rights to take and retain future sums, and without prejudice to any of its other
<br />rights under this trust deed. This assignment will be construed to be a provision for the payment or reduction
<br />of the Obligations, subject to the Lender's option as hereinbefore provided, independent of the trust deed on
<br />the Property.
<br />Trustor and each of them further covenants and agrees with, or certifies and represents to Lender as
<br />follows:
<br />1. To pay all liens, judgments, or other assessments against the Property, and to pay when due all
<br />assessments, taxes, rents, utilities, fees, charges or encumbrances upon the Property or under any lease,
<br />permit, license, or privilege assigned to Lender as additional security to this trust deed, including those in or
<br />on public domain.
<br />2. To insure and keep insured all buildings and other improvements, including fixtures and attachments now
<br />on or hereafter placed on the Real Property to the satisfaction of Lender. Such insurance will contain an
<br />endorsement showing Lender as Beneficiary. On demand, Trustor will furnish said policies or proof of
<br />insurance to Lender and the insurance carrier shall be satisfactory to Lender. Trustor shall give written notice
<br />to Lender immediately of any claim or loss. Any sums so received by Lender may be applied in payment of
<br />any matured or unmatured Obligations secured by this trust deed, or at the option of Lender may be used to
<br />pay for reconstruction of the destroyed improvements. Such insurance will be in an amount at least equal to
<br />the lesser of the loan balance, the actual cash value of the Property, or the replacement cost of the Property,
<br />and will at a minimum, cover losses caused by fire, lightning, explosion, riot, aircraft, vehicles, vandalism, civil
<br />commotion, smoke, windstorm, and hail. Trustor will obtain and keep flood insurance in force to cover losses
<br />by flood as required by Lender and by the National Flood Insurance Act of 1968, as amended, and by
<br />regulations implementing the same. Trustor further agrees that Lender is not and will not be liable for any
<br />failure by Trustor or by any insurer, for whatever reason, to obtain and keep this insurance in force. Trustor
<br />shall give written notice to Lender immediately of any cancellation, termination or material modification of any
<br />such insurance. If Trustor fails to maintain the coverage described above, Lender may, at Lender's option,
<br />obtain coverage to protect Lender's rights in the Property according to the terms of this trust deed.
<br />3. To keep all buildings, fixtures, attachments, and other improvements now on or hereafter placed on the
<br />Real Property occupied and in good repair, maintenance, and condition and to neither commit nor permit any
<br />acts of waste or any impairment of the value of the Property. Trustor shall not remove or demolish any
<br />improvement without prior written approval of the Lender. Trustor shall give immediate notice to Lender of
<br />any material damage to or construction on or related to any of the Property. Lender may enter upon the Real
<br />Property to inspect the same or to perform any acts authorized herein or in the Loan Documents. Any
<br />inspections, reports or samples conducted by Lender shall be for their own use and benefit, and Lender shall
<br />FORM 5011, Trust Deed, Security Agreement and Assignment of Rents 201 MU Legal Doc. Date: October 13, 2023
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