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<br /> ;..- F 2. Pertannance.disc�arge ot and cai�pir�nae witte s�ery oWigaticn,coven�nt,and agreert�er►t of M�fcer , - . ` � .-fy,z-,�
<br /> Tr�Stor incorparated by Rfarence or cqntained herein or in arry other security agreement or deed of trust st ury time • �"
<br /> ��,�: , `� qi�tosetur�t�tryendebtesltkssherebysecured.oranypaRthertof.. _ r� .° � . � : °
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<br /> - �" , . 3. Payment otaii Eees and charges ef Benefidary,whether or not set forth herein. . - . . . . .
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<br /> ` ;:''�, ;."�. � = TO PR07ECt'!HE SC�lftRlf OF THfS OE�D OF ZitIlST,7RUSTOIt COKiIENAMS: 4� � ' ,
<br /> - . ' ' - Tidt: 'Et�at it is lawfulfy seized en�p6ssetsed of a good and ir►defeasibte t'sde arW�taLe ta wch preperty in fi�e . F• ` � . �
<br /> s - � � simp[e and will forever warrant and defend ti�e title the�eto against the daims and dereands of aU persons t � < , .
<br /> . _ wtiosoever, that it wilt,at its e:pense.mairttain and prserve the tien of this l�eed of Trust as a litn upon such � __ ; - .,
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<br /> �. € Prior l�ens: To pay any int,�rat on and neatu�ing�nstaitments ot p�incipal due on any prior mortgaqe or dee� � , -
<br /> � of uust.arW to perforrte a1!things required af him uetler the tenns and conditiorss of any prior mortgage or deed of R .
<br /> . trust Bene�Caaryr may. 6ui shall rtot be obliqated to,make any payrtient or perform any other act or obliqatJon �' .
<br /> �; .. .� reQui�ed of TrusttC or,Trustnr.bY��nY;�+d���m�9�or deed af.wst Any.arttouM so patd or expended Dg r
<br /> - Be�efCi�rysfqllbeimneediatetyre�taydWetaBMtfuaEytogetherwithinterestasftereinprovided. ; .
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<br /> � Mointen�nce: To.keep s�th PropeRy in goa!conditior�and repais;to tanytete o�rcstarr promptiy and in .
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<br /> �' 3 good.and wo�kmanlike manne►any buiiding whittt may be coristru4t�ed.darnaged o�destroyed thereon and to pay.,, f ..
<br /> f when due,alE cfaim3 for iabor performect and�natesials furni�ed the►efor an�for any,alteratioes thereot:to complY- �
<br /> ; �` with tht provi$ianS af a11 insurance E►otide�ccvering said prem+ses;to cor►tpty witA at!faws,o�dinances,regutations, ,
<br /> : �;�.� ..
<br /> :: �.,;, �-.;:..-;:; :_:� : cavendrts.conditians and restrictions a�fe�teng such pro�ertY:.npt tu remove. demolish,csc an�tszri��.��; after arty�: i. '. . .
<br /> ��`�:� �'�;.'�r y=>-`s' builQing,o�thecharacter or use thereof�tanY time theteon;nat to drill or e�ctrad nar ta y�rir:-:t''•�?��13��g far�c ; �. ,
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<br /> . ��: �? •�Yr;L�� . , , ' entraction of oil, gat or other hydrocarbaa sud�starE'�or any material of any kind untess the writtierr.�onfent afr-" : .
<br /> � V� � Beneficiary is ficst 6ad and a�btained; not t�ra�nir�t�r permit any.:,as e there�f or an►act upon such property�ici. F .
<br /> ' . ;. � violation of►aw;.to da all othe�acts in a ti�a�ty arx��troper manner which from the character or use�f suth propertje..� ` .� J.�
<br /> • ` may 6e reasoctabiy necessary to protect ac?s��iieservesaid security,the specific enumeratiorss herein not exduding ttra r „ -;:•;;,;t�:.
<br /> . ' ::�� � general. , . ;- � . �,;:.:;��,..
<br /> � �' ~Construction of impnovements: To tomplete i�.gcqd and warkmanlike manner any building or impravemtrtt "�;:::�,, , `�� '�
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<br /> � , }. ,.':;f'.;.;,;• xr.e�air relating theretowhi4h may be 6egun on sct��i�roperty or contemgta�by the toan secured hereby,to pay ��-���;.;:��.�:' <
<br /> �. •� •� w'taQea due aIi msts and liabifities inwrred therefar,�r.d.not to permit any+�e.�ani�s�i�n against such properly. s"�t,f_'`
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<br /> . �,j , � T�tsstcr aiso agcees;anything in this Deed of Trust tothe corttrar�is�tiwithstanding,(a�ta g�omptiy commence work
<br /> ;� �,. , � , and to compt¢te the proposed improvements p�ompUy. (b1 tcc.r.��plete same in acccrdartce with plans and �,
<br /> � �: � �..� s�feationsas approved by Beneficiary.(c)tocomply with altc���terms of any building Ioan agreement between . ,
<br /> •;; ; ,•;,;:;�`.' � •� �'es�r.�r and Beneficiary,(d)to aUow Beneficiary ta ir.q�suth prapercy at alt times dur�ng construction,and(e)to • � •
<br /> ' . �; ;��:;i � s.�: �: r�:t,m�any work or materials unsatisfactory to Bcr:���wary,����n fifteen (15) days after written notice from •
<br /> , ; � , , -',� .;� ��tiary of such fact,which nutice may be given r�'e2c�r.��•�eqistered or cenified mai{,sentto Trustes''s fa�.
<br /> �� . , �;.�, known address.or by personal service of t�e same. '�� � ;, . : �" . , . . ,,
<br /> � _ Fire and Casuatty Insurartce: Ta t�cc�a such pr�ope�ty ins�.re�against toss o:dasnar�s�y fre and othe►risk e�v ,�.��,
<br /> � ris�which,in/he opinion of Beneficiary s�ould�e T�csed againsi,under Rolir.i�s af i�:�rance with!ou p�yable'tca .' �., . „
<br /> ; efon�2�iciary and the hotder of any prior lien in for�s��r-�aunt,and companies ac+�t3*.abt�to Beneficiary. Said poti<ies �
<br /> , , . ' shalt be delivered to and remairt in possession o f Bc-n¢�:'sary as fu r t h e r s e cv ci r y r;,�r t h e f�:�t►f u l p e r f o r m a n t e o f t h e s e
<br /> f obligations,whtch delivery shall constitute as a�sigr�-�r�rn by Trustor to Bene'�t=��to a!t�ahts thereunder,includ�mc,� °
<br /> � a!I retum prerr�+Lms;to deliver to Bertefitiary a potic�or policies rer.ewing ar extending art�expiring insurance wiEh� � ,� '
<br /> . receipt shaw:�gremiums paid at teast thirty(307�z;rs hefore exg�ration. If Trustor faits to so deliver any rene+��l;
<br /> �•, , pol'sci�s,Bene�iciary may gr��ure such insurance as�s:r+,s.a>etect and may make payment of premiums th2�eon,which , � .�
<br /> # ; p�ymenl is repayable on��r.:nd. Neithe�Trustee r,or�cnefrtiary shall be responsible for obtain�ng'ca�cr�aintainirtg �., ,.
<br /> � , ` suth�nsurance. 6eneficiar�; from time to time, may furnish t�any insurance agertcy or company, or any othe��. f•,° ;
<br /> pe�son, any information contained in ar�xtracted from any s'rn�r...��nce poticy theretoface�elivered to 8eneficiacy�,
<br /> �� . putsuant hereto,and any informaaa��s c�ncerning the loan sewr�d hereby. tn no event a.�whether ar not dtf�,�±�."`
<br /> hereunder has occuned shat.�e�e`=�:�P�by the fact of approving,accepting or obtainir�such inwrartce,incue ars�
<br /> ;, liabilit for the amouni of s-,:�"r�s;�:a�ce,the form or lega!sufficiency of insurz,;:te cont�acts,sotventy of insurers,ar .
<br /> ; payment of losses by insurers,ariC Ts�;tor heretiy expressly assumes full rc-��:�ti-�:'+ty tS�erefor and liability,if any, ;'���
<br /> � � thereunder. Intheeventoflass,Tr�s.Grshaltgiveimmediatewrittennotic�".��Z�'�"�:��'�:andBeneficiarymay,but ��,;�'; � ,• .
<br /> is not obligated to,make preof of t�:f not made promptly by 7sustor. sr:��,s�c��=y�-ass the amount cotlected
<br /> � C under any policy of insurance on suC�'f t�aperty may.at the optic,�r a�the 8enef'ciary,be applied by Beneficiary upawr ' ` `' •
<br /> �� � any indelrtedness andloro�tjgation s�rcared hereby and in such���Lr an�.�zMaunt as Beneficiary may determine�� , , ,
<br /> '► �`'-�;-• sa,id amount or any portiar�t�+ereof may,at the option o f the Ber�r`��i�ry.ci�r.E�be use d in rep lacing�,r��st orin g t�se
<br /> ' ' ��:��,.• is:r�avements gartially or totally des�.rayed to a condition sar�::c:ary t�sa:d 8eneficiary, or said�e-onnt or ar�y
<br /> ' portion�her��F rnay be released to tt�;�Trustor. In any such erc-r=rte�ther the Trustee n�:r the Benefitlary shatt�� �.
<br /> • oliligated tv s�e to the proper applicazi�n thereof; nor shall t��a�ount so released or,:sEd be deemed a pay�
<br /> ' ort any indebtedness secured herehy. Such application, use,an�/or release shatl not cure or waive any defaul4 or
<br /> �, �� '' rtatite o!defautt hereunder or invalidate any act done pursuant to such r,cuce. Any unexpi�ed insurance artd all
<br /> r�trsrnable insurance premiums shall inure to the benefit of, and pass ta, �=.e purchaser oi the pr�perty covered
<br /> .�� �� f tii�raby at any Trustee's sale held hereunder. It said property is sold pursuzr�z�a the powa�of sale contained herein
<br /> � � or pursuant to any detree of foretlosure,a11 right,titte and i nterest�f 7rusta�::�and to trre�rraeeds of fi►e and other� . �
<br /> ; insurarxe poliCies for damage prior 1a the sale,which proceeds•ar�nvt recei.ed prior.tcs the date of said sate,shatt
<br /> 'f: I belongtoeeneficiary- �
<br /> i, ; Taxes and Other SurnS Due: To pay,satisiy an�:�i�rharoe.:t:east ier(fa)days Before detinquEr,r�,.It�r�r�a��
<br /> •.�; � � a�rsr!special taxes and assessments alfecting such�ro�r-rr�;�,r��n no event�a�:e•r than the date such a.r.��,�r�ts b�+r4r2 , .
<br /> � due,11y alI encumbrances, charges and liens, wit.� �^'terest, a�a such propen,y, or any part thereof, which are�a
<br /> � . f appear to Beneficia�y to be prior to or superiar hereto,(2)all cosu,fees and expenses o4 this trust,whether er rt+s�
<br /> ; , described herein, (3)fees or charges for any statement regarding the.obligation secured herehy in any amocni
<br /> i demanded 6y Beneficiary, rtot to exceed the max�mum amount allowed by law theretor ai the time when sueh
<br /> request is made.(4)such ot��r charges as the eeneficiary may deem reasonabte for services rendered by BeneTiciary
<br /> ; and turnished at the requc�5i Qf Trustor or any successbt in interest to Trustor,(5)if such property irectudes a leasehotd
<br /> ; - estate, atl payments and abligations required of the Trustor or his successar in interest under the terms of the
<br /> instrument or instruments creating such leasehold,Trustor hereby agreeing not ta amend,change, or modlfy his
<br /> leasehold interest or the terms on which he has such leasehold i�teresL ar ta agree to do so,without the written
<br /> j cansent of Beneticiary being first obtained,and(6)atl paymenu and monetary obliqations�equi�ed of the owner of
<br /> � . ; snth propeety ar�er any siestaratian o�c��ectarsis,con�it'sas+s and:s;trittiass:prrs�:tss�g to st�sh Rroper��►ar any
<br /> �, , __ _ f neodif'reation thereof. Shauld Trustor 1ai1 to make any such payment,8ene�iciary,without contesting the validity ot
<br /> amount,may etect to make or advance such payment taqether with any costs,eapenses, tpes br tharges retating
<br /> • � thereto, inciuding employinq counsef and paying his reasonable fees. Trustor agrees to natity Beneficiary
<br /> imr�nediatety upon receipt by Trustor o1 notice of any mcrease in the assessed value ot such praperty and aqrees that
<br /> , ; Hene�rt+ary,inthenameofTrustormaycontestby��ropNatepraceedingssachincreaseinassessmerrt.
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