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<br /> 99 110655
<br /> appertaining, whether now or hereafter acquired, which shall include, without
<br /> limiting the generality of the foregoing, the following:
<br /> All of the rents, issues and profits, including all rents, royalties,
<br /> bonuses and benefits under any existing or future oil, gas or mineral or
<br /> other leases; all easements and rights of way; all rights of homestead
<br /> and homestead exemption and any surviving spouse' s marital or distribu-
<br /> tive share, and all other contingent rights in and to said premises; and
<br /> All fixtures, improvements, buildings, and the plumbing, heating,
<br /> ventilating and lighting systems and equipment therein, all of which
<br /> shall be construed and considered as af f ixed to and part of the real
<br /> estate.
<br /> All of the foregoing estate, property and interest hereby conveyed to the
<br /> said Trustee is hereinafter collectively referred to as the "Property. "
<br /> TO HAVE AND TO HOLD the same unto the said Trustee, Trustee' s successors
<br /> and assigns forever, IN TRUST HOWEVER and WITH POWER OF SALE hereby expressly
<br /> granted unto the said Trustee, Trustee' s successors, and assigns for the
<br /> purpose of securing:
<br /> (a) The payment of Trustor' s just indebtedness to Beneficiary in the
<br /> principal sum of Forty-one Thousand Dollars ($41, 000 . 00) for money borrowed,
<br /> with interest thereon, all as evidenced by and in strict accordance with the
<br /> terms of that certain promissory note hereinafter called the "Note" , bearing
<br /> even date herewith made payable to the order of Beneficiary, executed by
<br /> Julian Serrano and Loida Serrano, husband and wife, and providing for the
<br /> payment of said indebtedness in installments, subject to acceleration of
<br /> maturity on default in the payment of any installment of principal or
<br /> interest or in the performance of any covenant, agreement or warranty
<br /> contained in this Deed of Trust;
<br /> (b) The performance of each agreement, covenant and warranty of Trustor
<br /> herein contained or set forth in the Note or any agreement or instrument
<br /> executed by Trustor in connection with the indebtedness hereby secured; and
<br /> (c) The payment of any sum or sums of money with interest t3�ereon which
<br /> may be hereafter paid or advanced under the terms of this Deed of Trust .
<br /> NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, Trustor
<br /> does for Trustor and for Trustor' s heirs, representatives, vendees,
<br /> successors and assigns, the owners of said Property, hereby expressly
<br /> covenant, agree and warrant to and with the Trustee and Beneficiary, and
<br /> their successors, vendees and assigns :
<br /> First : That the Trustor hereby covenants and agrees, to the extent
<br /> permitted by law, as follows : (a) to pay promptly when due the principal and
<br /> interest and other sums of money provided for in the Note and in this Deed of
<br /> Trust; (b) to pay all taxes, assessments and other charges imposed by law
<br /> upon the Property, which shall be payable to Beneficiary on a monthly basis;
<br /> the initial monthly payment shall be $76 . 66 per month to be escrowed by
<br /> Beneficiary and paid by Beneficiary to the County Treasurer prior to
<br /> delinquency; the monthly tax payment shall be adjusted on an annual basis;
<br /> provided, however, that in the event of any change of the law providing for
<br /> the taxation of deeds of trust or debts thereby secured so as to affect this
<br /> Deed of Trust, the entire indebtedness secured hereby shall at the option of
<br /> the Beneficiary become due and payable; (c) to keep the above-described
<br /> Property and the improvements thereon in good condition and repair and not to
<br /> commit or suffer waste thereof, and except as authorized in any schedule �,
<br /> annexed hereto and forming a part hereof; (d) to maintain and deliver to
<br /> Beneficiary policies of insurance against such hazards on the buildings and
<br /> improvements now or hereafter located on or constituting a part of the
<br /> Property as the Beneficiary shall require, in such companies and amounts and i
<br /> with such loss payable clauses as shall be satisfactory to the Beneficiary;
<br /> that in the event of loss, Beneficiary is expressly authorized to settle or
<br /> compromise claims under said policies and the proceeds thereof shall be paid
<br /> to the Beneficiary who may apply the same or any part thereof on the
<br /> indebtedness secured hereby or toward the reconstruction or repair of said
<br /> buildings and improvements or release same to the Trustor; (e) to pay any
<br /> lien, claim or charge against the Property which might take precedence over
<br /> the lien hereof; (f) to pay on demand all legal expenses, title searches,
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