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� ' RE-RECORDED
<br /> � � � gg-�c�sz84 99• it�5193
<br /> payment of said indebtedness in installments, the last of which is due and
<br /> payable JANUARY 1, 2019, subject to acceleration of maturity on default in the
<br /> payment of any installment of principal or interest or in the perFormance of any
<br /> covenant, agreement or warranty contained in the Deed of 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
<br /> Trustor in connection 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 himself and for Trustor's heirs, representatives, vendees, successors and
<br /> assigns, the owners of said Property, hereby expressly covenant, agree and warrant to and with
<br /> the Trustee and Beneficiary, and their successors, vendees and assigns:
<br /> 1. That the Trustor hereby covenants and agrees, to the extent permitted by
<br /> law, as follows; (a) to pay promptly when due the principal and interest and other sums of
<br /> money provided for in the Note and in this Deed of Trust; (b) to promptly pay before
<br /> delinquency all taxes, assessments and other charges imposed by law, upon the Property, the
<br /> Trustor's interest therein, or upon this Deed of Trust or the Note; provided, however, that in the
<br /> event of any change of the law providing for the taxation of deeds of trust or debts thereby
<br /> secured so as to affect this Deed of Trust, the entire indebtedness secured hereby shall at the
<br /> option of the Beneficiary become due and payable; (c) to keep the above described Property
<br /> and the improvements thereon in good condition and repair and not to commit or suffer waste
<br /> thereof, and except as authorized in any schedule annexed hereto and forming a part hereof,
<br /> neither to remove nor permit the removal of any timber, buildings, oil, gas, minerals, stone,
<br /> rock, clay, fertilizer, gravel or top soil without the prior written consent of Beneficiary; (d) to
<br /> maintain and deliver to Beneficiary policies of insurance against such hazards on the buildings
<br /> and improvements now or hereafter located on or constituting a part of the Property as the
<br /> Beneficiary shall require, in such companies and amounts and with such loss payable clauses
<br /> as shall be satisfactory to the Beneficiary; that in the event of loss, Beneficiary is expressly
<br /> authorized to settle or compromise claims under said policies and the proceeds thereof shall be
<br /> paid to the Beneficiary who may apply the same or any part thereof on the indebtedness
<br /> secured hereby or toward the reconstruction or repair of said buildings and improvements or
<br /> release same to the Trustor; (e) To pay any lien, claim or charge against the Property which
<br /> might take precedence over the lien hereof; (fl to pay on demand to the extent provided in 11
<br /> U.S.C., Section 506(b) and as otherwise permitted by law, all legal expenses, title searches,
<br /> appraisal or attorneys' fees reasonably incurred or paid by Beneficiary to collect the Note or
<br /> foreclose, liquidate, exercise the power of sale, or otherwise enforce and/or protect the lien of
<br /> the Deed of Trust; (g) That in the event Trustor shall fail to comply with the provisions of (a)
<br /> through (fl above, the Beneficiary may expend such funds and take such action as is necessary
<br /> to remedy such failure and all sums paid by the Beneficiary pursuant hereto with interest at the
<br /> rate hereinafter provided shall constitute a lien upon the Property, shall be secured by this Deed
<br /> of Trust, and shall be immediately due and repayable to the Beneficiary; (h) not to sell the
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