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<br /> TR�JB'lqOR COVZ�11111T8 11�iD �GRiSB WITH LdliDift AB �'OLLOWB s
<br /> ��:a 1. payjant Q�,Indebt�dno��. All ind�b�sdn��s ��aur�d
<br /> ,�.
<br /> hsr�by shall b� paid wh�n du�.
<br /> , . 2. �a. Trwetor i� tho owuor of tho Proporty, has ths
<br /> right and suthari.ty to convey the Property snd werraats that tihe
<br /> •°� 4 �,. ; lien cr�ated beraby is a girst and prior lian on tAe Proporty aad
<br /> �, . t6e exocution and dqlivery of tho Dood of TrusC doas nat violato
<br /> �� '��'�'. any aoatraat or other obligation to which Truotor i� �ubjact.
<br /> "�'��'�"�' � 3. Texee. Assessmants. To pay befora delinqueat all texes,
<br /> �u _,'
<br /> ,� �,; �'••�, speaial aesesements a�nd all othar chsrges aqainat tho Property
<br /> �'� ���"` � now or hQraafter leviod.
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<br />� ' ',�$�`� , � 4. insyrance. To kaep the Property insured ageiaet da�aqe
<br /> . ���y �� � =�` ��� by fire hazard�s fncluded with the term "extended coverage" and
<br /> ,-.....
<br /> .. � '`� �'�� " � auch othar haz��c�a aa Lender may require in awowats and with com-
<br /> ,� ..,���c,�� .,;
<br /> � ., panies acceptable to Lander, nauaiag Lender ns aa additional na�od
<br /> insured with loss pnyable to the Lender. Ta ca�e of loes under
<br /> ' such policies, the Leader is authorized to adjuat, collect and
<br /> � cc,mpromise all claims thergunder and ahall have the option of
<br /> , applying a�ll or part of the insuranae proceede (i) to any indebt-
<br /> , ednses aecured hereby and in such order ae Lender may determine,
<br /> �� (i.i) to the Truator to be used for the repair or restoration of
<br /> the Property , ar (ifi) for any other purpose or object satie-
<br /> factory to Lender without affectfng the liea of this Deed of
<br /> .-- . - -_= Trust for the fnl� amount �Ac�.�rAd hereby before such payment evar
<br /> � took place. Any epplication of proceeds to indebtednese ehall
<br /> not oztend or postpoae the due date of aay payments under the
<br /> � Note, or cure any default thereunder or hereuader.
<br /> 5. Eecrow. Opon written demand by Leader, Trustor shall
<br /> '� . pay to Lender, in such manner es Lender may desfqnate, sufficient
<br /> � , swps to enable Lender to pay ae they become due one or more of
<br /> ;�: the following: (i) all tiaxes, asseasments and otber charges
<br /> �, : against the Property: (fi) the premiums on the property ineurance
<br /> .�; required hereunder, and (iii) the premfums on any mortqaqe insur-
<br /> �'� . , ance required by Lender.
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<br /> � �� Maintonanra Ren�+irs and Comcliance with Laws. True�icor
<br /> ' '� shall keep the Property in qood condition and repair; shall `
<br /> prompt�.y repafs, or replace, any improvement which may be demaged ;
<br /> or destsoyed; shall not commit ar permit any waste or deteriora- �
<br /> ������'•� tion of the P��operty; shal� raat remove, demnlish or substanti.a�ly ,
<br /> ;`��, alter any of tGne improvements �n the Property; shell not commit, !
<br /> �,��, : • : suffer or penait any act to be done in or upon the Property iaa �
<br /> � � violation of any law, o�dinance or regulation; and shall promptly
<br /> '�� , diecharge at Trustor's cost and expense all liens, encumbrances •
<br /> '� . � and charqes lev3ed, imposed or assessed against the Property or
<br /> �. � any part thereof. �
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<br /> 7. Eminent Dom�aim. Lender ie hereby assiqned all compensa- �
<br /> 4 ; � tion, awards, damages a�d other payments or relief (hereinafter
<br /> , "Proceeds��) i� �connection w3t�a condemnation or other taking of
<br /> . . , :,;;, , � � the Property orr part therenf, �r for conveyanc�e in lieu of cor�-
<br /> , ,.t,,,.,���. �;;;, demnation. Lander shal� be er�titled at its op�t:on to commence,
<br /> ;, , I appea�r in and prosec�n+te in its own name any actian or psoceed-
<br /> '�� inqs, a�s� shall also 9�e ea�tit3ed to make any compram�.se or set-
<br /> � �. ;�,'. '�� tleme�t in cor��nect3on with suc4n taking or damage. In the evetn�
<br /> ��: `��� `' any portion of t0�e Property is so taken or damaged, Lender shall
<br /> � _ . �._. �;`.�;�' have the ontiorn, in S�s sole and absolute discretion, to apply
<br /> � s� � � � ; all sucdu Proceeds, after deducting therefrom all coats and
<br /> ',� . I egpen�es incurred by it in connection with such Proceeds, upon
<br /> } any fndebtedness secured hereby and in euch order as Lender may
<br /> ' J :� � determine, or to apply all such Proceeds, a€ter such deductio�s,
<br /> '� � � ta the restoration of the Property upon euch rond3.tians as Le�ncler
<br /> ;., map determine. Any apFlication of Proceede to inde��edness shall
<br /> ; ' � � not e�ttend or postpone the due date of any payments under the
<br /> , • Note, or cure any default t�ereunder or hereunder. Any unapplied
<br /> + funds ehall be paid to Truetor.
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