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<br /> �" � par! of the Property� the unsecured or part1e11y secured port9on of auch
<br /> indebtedness sha11 be co�pletely pa�1d prior to the peynent of the rewalnln
<br /> and secured or partlally secured portlon of such indebledness� and a1�
<br /> � pay�ents �de on such indebtedness, whether voluntary or under foraclosure or
<br /> - i ,,���;,�,:�„' . other enforcea�ent act�on or procedure� shall be considered to h�ve been firat
<br /> peid on aed applied to the full payment of that portion of such indebtedness
<br /> �- ��h `� whlch 1s not secured or not fu11y secured by the lien ot the Deed of Trust•
<br /> ^`"�' '"'''-` and (�) The covenants and a reearents contalned in this Deed of Trust shal�
<br /> '��r��� bind, and the benef its and advantayes hereof shall inure to the respective
<br /> ':�, '�' '�� ` • °��� . heirs, executors, ad�inistrators� successors and assigns of the parties
<br /> ��:% ��t����• �•.�^'�*. h ereto. Wherever used herein, the sin gular number shal l include the plural
<br /> � � : 9� �' dnd conversety� and the use of any qender shal l be appl iceble to al l genders.
<br /> ��,��` �r`� �'. ..,., Wherever the terms "Beneficiary is used hereln� it shali include tha le�al
<br /> '� � holder or holders of the Note or the indebtedness secured hereby.
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<br /> i ���� ` . ' 7. Upon written request of Beneficiary stating that all amounts and
<br /> •�=�` � indebtedness secured hereby have been paid, and upon surrender of this Deed of
<br /> ' ` Trust a�nd the Note to Trustee for the ca�ncellatlon and retention and upon
<br /> �,�� payaent by Trustor of Trustee's fees, Trustee shail reconvey to Trustor, or
<br /> . #,•., ;r���'u;•: the person or persons legally entitled thereto� without warranty, any portion
<br /> . , or the Property then held by Trustee hereunder. The recltals in such
<br /> '' •, , ., • reconveyance of any matters or facts shall be co�clusive proof af the
<br /> � ', truthfulness thereof. The grantee of any reconveyance may be described as
<br /> �� "the person or persons legally entitled thereto."
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<br /> ; , �. �� 8. Trustor acknowledges that his/her current financial position is
<br /> an important factor in B�neficiary's decision to advance the funds represented
<br /> ' by the aforementioned note. Trustor therefore has agreed� in order to provide
<br /> � assurance to 8eneficiary with regard �o Trustor's financial position� that it :;'
<br /> � ' shall be an event of default for Trustor to a11ow any lien for taxes which are
<br /> � � ' not yet due and payable to be placed on all or any part of the property
<br /> — -- ---�-^-=..°' described abave M�d allo�aed to remaf� a Iien for �_, slayis},
<br /> � ; 9. Except for any notices� demands� requests or other
<br /> comnunications required under appl9cable law to be given in anather manner�
<br /> I � whenever Beneficiary� Trustor or Trustee gives or serves any notice
<br /> ' ' • (including, without limitation� notice of default and notice of sale),
<br /> � . demands, requests or other communications with respect to this Deed of Trust,
<br /> � � each such not9ce, demand, request or other communication shall be in writing
<br /> ! and shall be effective only if the same is delivered by personal service or
<br /> .�,� '; mailed by certified mail , postage prepaid� return receipt requested� addressed
<br /> r� � to the address of the party to whom mailed as set forth at the end of the Deed ,
<br /> ` �' of Trust. Any party �ay at any time change its address for such notices by
<br /> . , ,, �� delivering or mailing to the other parties hereto, as aforesaid� a notice of
<br /> ' such change. Any notice hereunder shall be deemed to have been given to � .
<br /> Trustor or Beneficiary when given in the manner designated herein. r���
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<br /> . 10. Trustor shall not suffer any waste of the premises and will not y
<br /> permit or conduct either the generation, treatment, storage or disposal of
<br /> hazardous waste� as defined in the Resource Conservation and Recovery Act� or t ;;;-
<br /> � the disposal on the premises of petroleum or any hazardous substance, as !
<br /> � defined in the Co�prehensive Environmental Response� Compensation� and � �
<br /> � . � Liability Act� and will perform all remedial actions reasonably necessary as �
<br /> ' the result of the presence of any such hazardous wastes� petroleum or � .
<br /> , � hazardous substances on, at or near the premises. Trustor shall be personally ; � ,-
<br /> � � liable for any lo ss� damage, or liability suffered by the Beneficiary due to ,
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<br /> ; � Loan F-196910 Page 10 of 12 Initials:���- •
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