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202501810
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Last modified
4/10/2025 3:50:10 PM
Creation date
4/10/2025 3:48:40 PM
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DEEDS
Inst Number
202501810
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202501810 <br />this date herewith made payable to the order of Beneficiary, executed by trustor and providing <br />for the payment of said indebtedness, subject to acceleration of maturity on default in the <br />payment, 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 <br />connection with the indebtedness hereby secured; and <br />(c) The payment of any sum or sums of money which may be paid or advanced under <br />the terms of the Promissory Note. <br />NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, <br />Trustor does for Trustee and for Trustor's heirs, representatives, vendees, successors and assigns, <br />the owners of said Property, hereby expressly covenant, agree and warrant to and with the <br />Trustee and 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: <br />(a) To pay promptly when due the principal sum of money and interest provided for <br />in the Note and in this Deed of Trust; <br />(b) To promptly pay before delinquency all taxes, assessments and other charges <br />imposed by law upon the Property, the Trustor's interest therein, or upon this Deed of Trust or <br />the Note; provided, however, that in the event of any change of the law providing for the taxation <br />of deeds of trust or debts thereby secured so as to affect this Deed of Trust, the entire <br />indebtedness secured hereby shall, at the option of the Beneficiary, become due and payable. <br />The Beneficiary agrees to pay the 2024 real estate taxes and all prior year real estate taxes; The <br />Trustor agrees to pay all 2025 real estate taxes and the real estate taxes due thereafter. <br />(c) To keep the above -described Property and the improvements thereon in good <br />condition and repair and not to commit or suffer waste thereof. <br />(d) To maintain and deliver to Beneficiary policies of insurance against such hazards <br />on the buildings and improvements now or hereafter located on or constituting a part of the <br />Properly as the Beneficiary shall require, in an amount not less than $100,00.00 and with such <br />loss payable clauses as shall be satisfactory to the Beneficiary; that in the event of loss, <br />Beneficiary is expressly authorized to settle or compromise claims under said policies and the <br />proceeds thereof shall be paid to the Beneficiary who may apply the same or any part thereof on <br />the indebtedness secured hereby or toward the reconstruction repair of said buildings and <br />improvements or release same to the Trustor; <br />(e) To pay any lien, claim or charge against the Property which might take <br />
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