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200406154
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200406154
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Last modified
10/16/2011 5:34:07 PM
Creation date
10/21/2005 2:11:19 AM
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DEEDS
Inst Number
200406154
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Insurance 200406154 <br />5. Trustor will keep the buildings on the Property insured against loss by fire and other risks <br />included in the standard form of extended coverage insurance. The amount shall be approved <br />by Beneficiary. The policies shall contain the standard Mortgagees clause in the name of the <br />Beneficiary. Within thirty (30) days after notice and demand, Trustor must insure the <br />Property against any risk reasonably required by Beneficiary. If Trustor fails to obtain the <br />required insurance or keep the buildings or the Property insured, Beneficiary may obtain the <br />insurance. <br />Taxes, Etc. <br />6. Trustor will pay all taxes, assessments, sewer rents or water rates within thirty (30) days prior <br />to their delinquency. Trustor must show receipts for these payments within ten (10) days of <br />Beneficiary's demand for them. <br />Beneficiary's Right to Cure <br />7. Trustor authorizes the Beneficiary to make any payments necessary to correct any failure by <br />the Trustor to provide insurance or pay taxes or other items listed in paragraphs 5 and 6 of <br />this Deed of Trust. <br />The Beneficiary may make an interest charge at the default rate of the maximum rate <br />permitted by law at the time of the payment on any payments of this kind (the "Default <br />Rate ") and if the Trustor does not pay the advances and interest to the Beneficiary within ten <br />(10) days after being asked to do so, the amount of the payments and interest will be added <br />to this Deed of Trust. <br />Maintenance <br />Trustor will keep the Property in reasonably good repair. <br />Oil & Hazardous Materials <br />9. Trustor agrees that there has been no release of oil or other hazardous materials on the <br />premises, nor has it ever been used for the treatment, storage or disposal of oil or other <br />hazardous materials nor shall it be so used. <br />Environmental Audit <br />10. If the Beneficiary shall be required to pay for an environmental audit, the Trustor shall <br />reimburse the Beneficiary, within 30 days after demand, for the cost of the same, and if a lien <br />is filed against the premises by any Federal, State and/or Local Authority pertaining to oil or <br />hazardous materials, Trustor shall pay and remove the lien within 30 days of the date of <br />filing. <br />
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