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<br /> �I i I ' �� �FOR�, TO MOTBCT THL S�tURITY OR Ti1�E, DR�O QA T�p$T�.. T,rustor
<br /> doe: ior hi�selt aod for Trustor's heirs, r�prosent�tive�, vQndqR�. �uacesaors
<br /> and assi ns, the a�ners ot said Property henby �xprea�ly covanan�k, aqttie +�nd
<br /> ��� warrant �o and �ith the Trustee end Bene�lci�ry, md�thRir �uaaes�ora, vende�s
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<br /> and as:i�na�
<br /> :�: T 1. That the T�usLor hereby covannnts and eqrees� to tha 4xtent
<br /> ' : f�� ,. . .�,:. . penitted by laM� as follars; (a) to pay.proaptly when dut th� priea�ipel� and
<br /> .�_ . , lnterests and other su�s of awney provi�d far in the Nate and in this qeed�of
<br /> . ; , Trust; (b) to praaptly pay before delinquency all taxes, assesa�ents �nd other
<br /> �-'���.�'� char�es i�posed by law, upon tha Property� the Trustar's interest th�reln, or
<br /> ���`�'�y �' ��T�' � upon this Deed of Trust or the Note; provlded, howevsr� thet in�the event of
<br /> �-''-•,`.•�°= '�-.'. any change of the lew providing for the taxation of deeds af trust� on debts
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<br /> thereby secured so as to affect this Deed of Trust, tha entire indebtedness
<br /> . r:�: .. �.�.'"� secured hereby shall at the option o� the Benaficiary beca�e due and payable;
<br /> � `' � (c) to keep the above-described Property and the inproveaients thsreon��in good
<br /> �'-.�, �:, �,,�,; a , condition and repair �nd not to comiait or suffer waste thereof, a�d.except as
<br /> �j� �� �,� ::��:...�.; �_ � - authorized ie any schedule annexed hereto end foraiing a pa�t hareof, ne9ther
<br /> :_ � �,� �..�.:'= . to re�ove nor per�it the re�oval of any tiaiber, buildings, oil, y�s, Ainerals,
<br /> • � �^ �. � stone, rodc. ciay, fertilizer� gravel ar tap soil without th� pnior written
<br /> • � ,.,;,x���� consent of Beneficiary; (d) to maintain and deliver to Beneficiary� policies of
<br /> . ,� �n� . � �'� insurance a azast such hazards on the buildin � and iaprovea�ants now or
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<br /> - � . � hereafter l�cated on or constituting a part of the Properiy as ths 8enef9ciary
<br /> '`�� :, . " �t' shalt require� in such companies and an�aunts end with suah�� loss payable
<br /> � ,; ��'�� •,,.� .:�;.,�;ti';� clauses as shal l be satisfact�ry to the BenQf 9ci ary; that in ths event of
<br /> ������. y.,,,:�:.,� loss; Benef�iciary..3s•expressly..au�harized�-�to-�settle•or•co�prea�ise�clafna-•under•
<br /> �` ` "' ' said policies and the proceeds thereof shall be paid to the 6eneficiary who
<br /> % �.::�<���"� , aiay apply the same or any part thereof on tfie indebtedness secured hereby or
<br /> ��''�'�:':'��'� , toward the reconstruction or repair of� said bui ldings and improveieents or
<br /> release saa�a�e to the Trustor; (e) To pey any lie�, claim or charge against the
<br /> ., =1- . -.,,,, � P�operty �hich a�ight take precede�ce over the iien hereoT� (fj io �ay en
<br /> ,;�.� demand all -. l�gal expenses� title sea�chss� appraisel or ettarneys fees
<br /> •�'������ reasonably incurred or paid by Beneficiar to co�lect the Note or foreclose or
<br /> ' '��`'t�'''` . ��� rotect the 1 ien of the Deed of Trust•
<br /> �g) That in�the event Trustor shall
<br /> �,� . � :.:�,., i;, fail to compty with the provisions of �(a) tfirrough (f) above, the Beneficiary
<br /> � �� �. aiay expend such funds and take such action as is necessery to remedy such
<br /> ''�. � ':''��:ri�'� failure and all sums paid by the Benefic�ary pursuand hereto with interest at
<br /> �; �� . • the rate hereinafter provided shall cooatitute a li�n� upon the Property, shall
<br /> be secured by this Oeed of Trust. and shall be inan�diately due and repayable
<br /> �� � to the Beneficiary; (h) not to sell the property or� any portion thereof; or.
<br /> ;:f��., if the Trustor is a corporation, not more than� NlA � of 9ts corporate stock
<br /> �r' " shall be sold� traded, or disposed of to persona other than the present owners
<br /> ' of such stock prior to the tino� the indebt�dness secured hereby shall have ""'
<br /> , , been reduced (exclusive of prepayments other than� as provided in the said ���t.�
<br /> ;,.: � Note) to s N/A ; and in the event of any sale herein prohibited� then the
<br /> � `�� � •�,�.,�� entire indebtedness secured by the Deed of Trust shell� at the optioo of the •4�,
<br /> � Benef iciary become due and payabbe; (i) thAt if the Property or any part or
<br /> � parcel thereof shall be taken or damaged under the power of eminent domain.
<br /> � , the award for any Property so taken or damaged (inaluding severance daraages to <:
<br /> ��.� � the remaining premises) shall be paid to the Beneficiary and applied in full
<br /> ��, �, ar in part at the option of the Benefic4ary in reduction of the indebtedness
<br /> �';:'-�:'� hereby secured; (3) that the Beneficiary shall have the right to inspect the �r'•
<br /> �.�,;,;��?��• Property at such reasonable times as the Beneficia�ry may desire to determine �;-`�..
<br /> Trustor's compliance with the covenants contained in this Deed of Trust; (k) �
<br /> � , . � that the Benefic9ary may release from the lien hereof any part or parcel of �
<br /> �`: ,�., ; � the Property without requiring any consideration therefor� and (1) that �
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<br /> , � loan F-196970 Page 5 of 12 Initials:,,�;� �,�
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