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<br /> FIRE,CASUALTY�/jN0 dCH�I�INSURANCE:To kNp such props�ty inaured aQainst toss o�demape by tire and other
<br /> rl�lc or risks which,in th�wte opinton ot Beneftclary�hould bs Irtsursd eyain4t,und�r poiiciea of insu�ance with lo�
<br /> �� payable to Benetfciary in form,amount end compenlss accspteble to Beneflcl�ry.S�Id policl�s shall bs ddiv��d to�nd
<br /> __ rsmain in pos�esston ot 8ene8ctaryasturthsr sscurity forthe hithfut p�►formsnce ot theN abli�tions,which dNiv�r�hall
<br /> conaUtuts an assipnment by Trueto�to QsnNici�ry of all ri�hb th�nundsr,includinp�II rNurn pr�mfum�:lo dN(vsr to
<br /> -- B�neNci�ry a poiicy or poilctes�anewln�or sxtandfnp A�y�xpirin�insurance wtth s rscalpt showtnp pnmiums paid et
<br /> �-� Ise�t thirty(30)d�ys before expiration.if Trustor falls to so dstiver e+ny renewat policie�l,B�n�fiolary may procure wch
<br /> z 1- • � Insurance aa it may eleat and may make psyment of premiums thereon,which p�ymsnt i���pay�Ms on d�ma�d.Nelthsr
<br /> Tru�te�no�Bsneficisry ahsil be responsibl�lor obtaininp o�mainuininp such insuranc�.BmNiclary,irom tims to tims,
<br /> • :•�:��,.�:.,r.,',� may turnish to any insurance apency ar company,or�ny othsr p�rson,any iniormation conhin�d in wvxtracted irom any
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<br /> ' , � +�u�:�'�:::r'�. insurance policy theretofore delivered to Ben�fi�slaiy purauont hereto,and any Intormatlon concerninp the loan secured R
<br /> _,..s; _ .�t�' " ` heroby. In no svent and whether or not defautt h�reund�r has xcurrsd �hall Bm�Ncfary, by tF»faot of Mpprovinp,
<br /> - - _»:�ai:�:;::.y,;:�„,':, accsptinporobletninpsuchinsurancs,incuranyN�bflirylortheamountofsuchlnsur�nc�,thttormorle�alaufliai�ncyof
<br /> insuranc�contreatc,wlvency of Insursrt,or psyment ot tos�es by imur�n,�nd T�ustor henby�xpr�uty auunw�full
<br /> "� ra. ' " �-. rsaponsfbilhy therefore and if�biilry,if any,thsreundar.ln ths wsnt ol loss,Tru�tor sh�ll qlw imm�di�t�e wrltt�n nntic�to
<br /> —� �j � Benefict�ry,and 6�nsflci�ry m�y,but I�not oblipat�d to,rr�k�proof of loss if not m�de prompdy by Teustor.ln o�a otany
<br /> ��-'�.'''���'�`* toss the amountcalloct�d u�d�r any policy of Insur�nc�on such prop�►ty m�y,�tth�optlon olth�B�n�flcl�ry,b��pptled
<br /> _-,,.:i',.71:�-nk
<br /> se� � �^ ` � � by F3en�ticlary upon any Indebl�dn�ss�nd/or obllpation Ncund h�nby and in such orde�nd�mounf��B�n�Nci�ry may
<br /> �� =�'`'�?�'��•�-""r det�rmin�;or�ald�mount or�ny poAlon lhsrsof m�y,at th�option of th�B�n�Nci�ry,Mth�r b� uNd in r�ptacinp or
<br /> �.�,:.'.�.;d�: ��storin q 1h�tm prowm�nt�partially or tot�ily d�ttroy�d to a condiUon sNf�i�ctory to�id 8�n�ticlary,or aid amount or
<br /> �"'�`'""a '`~ any poAlan Ih�r�ct may b�r�lea�ed lo Ihe Trustor.In any euc h oven t ne f t her t he Yru�tN no�t he B en N fc i a ry s h a l i b e
<br /> °.' �'-���•:-'��` obll�ated ro sao b ths proper appifcation thereof;nor aha i l t h�emount so ro ieas e d or u f s c l b�deem e d a paym e n t o n a n y
<br /> *r. . .- ��'�.:�; Ind�btedn�sss�CUr�dh�nby.Suchappiication,u�eand/orrsleaseshallnotcureo�walvsanydefaultor�oticQOfdelauit
<br /> °.,.,� .��:;r! :�;,;��� hersund�r or invalidats any act do�s pursuant to such notice.Any unexptred insurancs�nd�II nturnable insurance
<br /> ' �� • premiums shall insure to fhe bsneflt ot,and pass to,the purch�s�r o1 the property covered thereby et a�y Tru4tee's sate heid -
<br /> � � � '` he�eunder.If seld property ia sold pursuant to the power ot sale contafnerl herein or pursuantto any decree of foreclusure,
<br /> all rfght,title and Interest of Trustor f n and to the proceeds of tire and other fnsurance poiicios to�damape prfor to the saie,
<br /> � whiah procesda are not recelved prior to the date of safd sale,shail belonp to Beneficiary.Trustor wll!comply with auch
<br /> � other requirements and provide such othor type af insurence as Ben�ficfary may�squlro fromtimoto tinw forthe proteotion
<br /> ' by insurance of the interest of the respective parties hereto.
<br /> TAXES AND OTHER SUMS DUE:To pay,satisfy end discharge,at least to ten(10)days before deiinquency ail yeneral
<br /> - and spectal taxes end asaossments and other public char�es,and in no event tater than the date such am�unts become
<br /> due and to tu�ther pay when due or requested:(1)atl encumbrances,charges end Iiens,with interest,on such property,or _
<br /> . any partthereof,which are,or appaar to beneNciary,in its sole discretion,to be prior to or superior hereto,(2)ait costs,tees �
<br /> ____......._. __ _.. ..._: and expenses of this trust,whether or not described herein,(3;fees or charges for any statemenl regarding the obiigation
<br /> / � � secured hereby in any amount demanded by lieneficiary,nat to exceeci the maximum amvuni aiivwaii�►y iaw iheretore ai
<br /> the time when such requeat is made,(4)such other charges as the Beneficlery mey deem reasonab�e for services rendered
<br /> by Beneficiery and furnished at the request of Trustor or any successor in interest to Trustor,(5)if such property inciudes a
<br />. � ? leasehold estate,all payments and obligatians required of the Trustor or his suCCessor in interest under the terms of the
<br /> " instrument or instruments creating such Ieasehoid,(6)all payments and monetary obligations required of the owner of �.:
<br /> such property under any dectaratfon of covenants, conditions and restrictions pertaining to such property o�any _z
<br /> modification thereot;(7)all mortgage insurance or guaranty fees,premiums,or charges of any nature pertaining to such � -
<br /> prope►ty.Trustoragrees to notiy Beneficiary immediately upon receipt by Trustor of notice of eny increase in the assessed �
<br /> value of such property end agrees that Beneficiary,in the name ot 1'rustor,may contest by appropriate proceedings such "..
<br /> �'' • � increase in assessment. �'"
<br /> �� t i :
<br /> � �� In the event of the passage of any law deducting from the vaiue of real property for the purposes of taxation any lien �� .
<br /> • thereon or changing in any way the laws for the taxatfon ot deeds of trust or debts secured by deeds oi trust for state or�ocal
<br /> , . purposes.or the manner of thecoliectfon af any such taxes,so as to aftect this Deed oi Trust.the holder of this Deed of Trust
<br /> and of the obligations which it secures shail have the right to declare alt sums secured hereby due as of a date to be
<br /> ' specitied by not less than 30 days' written notice to be given to Trustor by Beneficiary; provided,however,that such
<br /> election sha�l be fneifective if T�ustor is permitted by law to pay the who�e of such tax in addition to all othor payments :
<br /> ' required hereunder and if,prior to such speciffed date,does pay such tax a�d agrees to pay any such tax when hereafter
<br /> levled or assessed agafnst such property,and such agreement shall constitute a modifiaation oi this Deed of Trust.
<br /> FUNOS FOR TAXES AND INSURANCE:�f Beneticiary shall so request,Trustor agrees that there shali be added to the
<br /> ° periodical payment required to be made hereunder an amount estimeted by Trusted to be sufficient to enable Trustor to .
<br /> ! � � ;fi:� • pay,at IAast thirty(30)days betore delinquency,ai� generat and special taxes,assessments,or other pubiic charges
<br /> , against such property,the Promissory Note,or upon or on account of the debt or the Ifen of this Deed of Trust,togeti�er with
<br /> ', premiums for insurance required to be provided under this Deed of Trust and a�l mortgage insurance or guaranty tees.
<br /> .�, � premiums or similar charges and no interest shatl be payabie to Trustor in respect thereof. Upon demand by Trustee,
<br /> Trustor shalt deliver to Trustee such additional sums of money as are necessary to make up any deficiency in the amounts
<br /> t necessary to enab�e Trustea t�pay any oi the�oreyoing iiems.
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<br /> � { SUMS ADVANCED TO BEAR INTEREST:To pay immedfateiy upon demand any aums advances or paid by Beneficiary
<br /> - '� � orTrustee underany clause or provision of this Deed of Trust.Any such sums,until so repaid,sha�i besecured hereby g�d
<br /> % • bear interest trom the date advanced or paid at the same rate as set forth in Such Promissory Note and shall be secured by
<br /> � �`°'•�- - this Desd of Trust. .
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<br /> ?,`�.n,¢ ��art.r..,..:>. a. .. � .
<br /> _ _ . �._ .:,..� ASStdNMENT OF DEPOSITS:That as additiona�security If this be a constructfon loan,Truator hereby transfers and
<br /> y , "�'' ' ' �`' assipns to Beneffciary during oontinuance of these T�usts,all right,tit�e and interest to any and ait monies depos(ted by
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<br /> T_._.__..,aa.....►.�...,�ha��r,t rr►,�emr with anv citv.countv.oub�ic bodv or aaencv.sanitarv dlatrict aas end/or electric
<br /> _;,,_., , �.vo.v........r..........._..__.._.._. ..-- -
<br /> ��11� ..•.. '"�''" compeny,telephonecompany and any other bodyoraqency,tor the inste�latton or tosecurethe installatfon of any utility by
<br /> - . ,'{ �����+�'"'��' Trustor,perteining to this propeKy.
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<br /> ,,,,,,k��;�r�.,;• FAILURE OF TRUSTOR TO COMPIY WITH DEED OF TRUST:In the event 7rustor should taU to make any payme�t,or to
<br /> � ""� " do any act as p�ovided in this Oeed ot Trust,or tail to purform any obii�atlon secured by this Deed of Trust,or do any wct
<br /> �• r�: Trustor apreed not to do,Beneflciary,but withuut obligation so to do and without notice to or demand upon Trustor and
<br /> `'•" withoutreleasinqTrustoriromanyoblipationhereofandwithoutcontestfnpthevalidityoramou�tofthesame,may(a)pay, �
<br /> make or do tho same in such menner and to such extent as it may deem neceasary to protect ihe security hereof,
<br /> Beneficiery beinp authorized to enter upon such property tor such purposes, and (b) pay, purchase, contest or
<br /> `�'� compromise anyencumbrance,charye or Ifen,which in Its judqement is orappear�to be prior vrauperior hereto,and(c)
<br /> -�" In exerc(sinp any auch power,pay necestatry costs,fees,and expenses,employ counaei and pay counsel's reasonabie
<br /> u f�ss.Trustor aprees to repay any amount sd expended on demend o!Beneficiary. �
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