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, 99 � 0 '70 `? '� FOR THE PURPOSE OF SECURING: a. Payment of indebtedness in the total principal amount of$88,000.00,with interest thereon,as evidenced by that certain Promissory Note of even date("Note")with a maturity date of June 1, 2011, executed by Trustor, which has been delivered and is payable to the order of Beneficiaries, and which by this reference is hereby made a part hereof, and any and all modifications, extensions, and renewals thereof. b. Payment of all sums advanced by Beneficiaries to protect the Trust Estate, with interest thereon at the rate of six and seventy-five hundredths percent (6.75%) per annum. c. Payment of any future advances based upon the security of this Trust Deed and regardless of whether the initial or any other indebtedness secured hereunder has previously been reduced to zero unless a notice or release to the contrary has been filed. This Trust Deed, the Note, and any other instrument given to evidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments." TO PROTECT THE SECURITY OF THIS TRUST DEED: 1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the interest on,the indebtedness evidenced by the Note,charges, fzes,and all other sums as provided in the Loan Instruments. 2. TAXES. Trustor shall pay each installment of all taxes and special assessments of every kind, now or hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand, and shall provide Beneficiaries with evidence of the payment of same. Trustor shall pay all taxes and assessments which may be levied upon Beneficiaries'interest herein or upon this Trust Deed or the debt secured hereby,without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the Beneficiaries. 3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage insurance insuring the improvements and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid principal balance of the Note (co-insurance not exceeding 80 percent permitted). Such insurance policy shall contain a standard mortgage clause in favor of Beneficiaries and shall not be cancelable, terminable, or modifiable without twenty (20) days prior written notice to Beneficiaries. Trustor shall promptly repair, maintain, and replace the Trust Estate or any part thereof so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate. 2