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<br /> written demand by Benefiaiary, to pa�y to Heneticisry auah aunount
<br /> a4 mny be suffiaient to enable the Seneficiary to pay auoh ta�x��,
<br /> as���w�nta or other aharqea a� th�y beaome due.
<br /> 4. Ineuranae. At all timae during tbe term hereof to
<br /> keep the Property�naured aqnins� damage by fire, hazardo incl-
<br /> ;.� udsd within the term "extended aoverage", and suah othez hazarda
<br /> ae Benegiciary may require, in an amount of not lees than One
<br /> Hundred Twonty Thousand and Na/100 Dollars (;120,000.00) and with
<br /> couspanies acceptable to Beneficiary, fncludinq a standard mortga-
<br /> gee alause with loes payable to the Heneficiary and aontaininq an
<br /> additional provision that the policy cannot be aanaelled without
<br /> prior written notica to the Benefiaiary. In case of loas under
<br /> suah policies, the Seneficiary is authorized to adjuet, collect
<br /> and aompromiae all claims thereunder and shall have the option of
<br /> R , �-�_ applying all or part of the insurance proaeede (i1 to any indeb-
<br /> �::r� tednese seaured hereby and in such ord�r as Beneficiary may
<br />�� • ` �� '�•�~"�:="�b:`°'� dete,rmine, (ii) to the Truator to be used for the repair or
<br /> " - � ����'���`��A��" restoration of the Property or (iii) for any other puspose or
<br /> ���:. �• � � object satisfactory to Beneficiary without affecting the lien of
<br /> .� .1. �J.u:.•:{...''.�7�.`t,-,�
<br /> , thislDeed of Trust for the full amount secured hereby before auch
<br /> F���°� �_` � . ^-.; payment ever took place. Any application of proceeds �o
<br /> g a_,:•:..__, ,�.`-. ._...,.
<br /> ,.:•.:' , indebtedness shall not extead or postpone the due date of any
<br /> ��"•�� ,""����"�.�.1 payments under the Note, or cure any default thereunder ox
<br /> � � � �. °_ hereunder.
<br /> �.5 6' "� _ . �
<br /> {> � r.� 5. Maintenance Re aira and Com liance with Laws.
<br /> , � s lrustor shall keep t e Property xr� ycN3- can t an an repa r;
<br /> ; � � ���,; , shall promptly repair or replace any improvement which may be
<br /> �-°;;'°��� �}� � ' damag�d or destroyed= ahall not commit or permit any waste ox
<br /> '_�):;i;�'�.: '
<br /> � � .1 � .,,.� .�� :� �� :: deteriaration of the Property� shall not remove, dsmolish or
<br /> , substantially alter any of the improvements an the Property=
<br /> y �� shall nat acmmit, su�fer or permit any act to be done in or upon
<br /> � � � �. � � . the Property in violation of any law, ordinance, or regulationt
<br /> � i. .. : • � shall keep the propsrty free f rom all potent�ally hazardous or
<br /> , � ...,,,, toxic subatances and materials and in compliance with all
<br /> � � � � feder�l, state and local envirenmental laws, regulations, orders
<br /> „_ or ordinancesf and shall pay and promptly discharge at Trustor's
<br /> � �',�� �� � � cost and expense all liens, encumbrances and charges levied,
<br /> � A ` ��` � "�' impoaed or assessed against the Property or any part thereof.
<br /> '�� �„ � 6. Eminent Domain. Beneficiary is hereby assi.gned
<br /> 3 :, :: ,"S•:',.,' �. s��:�;i�.
<br /> ,� ,Y,- _.--�<: -, all compensation, awar s, amages and other payments or xelief
<br /> ' ,��.. ��_.` 4"�:�;,;'';-�?1!+}.'``"��j7° �� (hereinafter "Proceeds") in connection with condemnatian or other
<br /> '.�.;�:�;«-�• � taking of the Property er part thereof, or far conveyance in lieu
<br /> ';�, .- , of condemnation. Beneficiary shall be entitled, at its option,
<br /> to commence, appear in and prosecute in its own name any action
<br /> ��•��' � or proceedings, and shall also be entitled to make any compromise
<br /> ,� , ._�.��,J ..` , or aettlement in connection with such taking or damage. In the
<br /> � "���� event an ortion of the Pro ert is so taken or damaged, Benefi-
<br /> j ��-, �� ;a�„1'.. Y P P Y ,
<br /> �� !��`'`�:;�:'t;� . ciary shall have the option, in its sole and absolute discretion, '��
<br /> �'�; ' � to ap�ly all such Proceeds, a£ter deducting therefrom all costs r
<br /> ,+!� � � • and expenses incurred by it in connection with such Proceeds, ,
<br /> {+�� � t ` �' upon any indebtedness secured hereby and in such order as
<br /> �"::�,
<br /> �% � �� �' Heneficiary may determine, or to apply all such Proceeds, after •
<br /> � � � such deductions, to the restoration of the Property upon such .
<br /> ��F; „ �. � conditions as Bene£iciary may determine. Any application o� .
<br /> � ^ � Proceeds to indebtedness shall not extend or postpone the due
<br /> ��. �� : � date of any payments under the Note, or cure any default .
<br /> ,;.`.,, � thereunder or hereunder. � ;
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<br /> �r - + -� 7 DerFnv�nnnnn fiv Rnnnf i ri arv_ Tn t.}1P event Of l��
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<br /> Trustor's failure�to perform any of the covenants herein or make �
<br /> �� ��.
<br /> � � . any payments required hereby, or if any act is taken or legal `
<br /> � �� ��� proceedinq commenced which materially affects Beneficiary's
<br /> '" interest in the Property� Beneficiary may in its own discretion,
<br /> �- �' � . � � � but without obligation to do so, and without notice to or demand
<br /> �. a upan Trustor, and without releasing Trustor from any obligatfon,
<br /> � ° do any act which the Trustor has agreed but fails to do and may
<br /> ,, ' �a`�. "� r also do any other act it deems necessary to protect the security
<br /> �� ° � hereof. Trustor shall, immediately upon demand therefcr by
<br /> �' _ ��= °i�' � Beneficiary, pay te B�nefi�i.ary all costs and expenses incurred
<br /> �. ' � •� °c� = and sums expended by Beneficiary in connection with the exercise
<br /> °.. � � by Beneficiary of the foregoinq riqhts, toqether with interest
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