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<br /> and in auch amounta ae is customarily carried by owners and -
<br /> operatora of eimilar propertiea or ae Beneficiary may require for
<br /> �-- it$ pratection. Truator will comply with auch other requixement�
<br /> �---4-""' as Beneficiary may from time to time request for the protection by
<br /> insuranaa of the inCerests of the respective parties. All
<br /> '°�"'�`'�'�'`-�`-�"-"`? ineurance policies maintained �pureuant �a this Deed of Trust ehall
<br /> � —__- - - � -.
<br /> —� - -=���i name Truator and Beneficiary as ineureda, ae their reapective
<br /> --���=�.-�y intereeta may appear, and provided that there ahall be no
<br /> �---- -- ="a-`� cancellation or modification with ].ess than f i�teen (15) daya'
<br /> _ --- �_-� prior written notification to �'ruatee and Beneficiary. In �he —.
<br /> W� � event any policy hereunder ia not renewed on or before fifteen (15)
<br /> '��°"��� daya prior to ite expiration date, Trustee or Beneficiary may �
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<br /> _ procure such inauranee in accordance with the provfsiane of
<br /> Paragraph A.7 hereof, Trustor ehall deliver t•o Beneficiary the
<br /> �} � � �_�"�� original policies of inaurance and renewals thereof or memo copies
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<br /> r ' of such policiea and renewals thereof. Truator shall promptly
<br /> ��: ' furniah to Beneficiary receipta evidencing auch payment. Failure
<br /> �. •- ��.:'�� � .. to furnish such insurance by Trustor, or reiiewala as required
<br /> "'��`'�°"`"�'�'�'� ° hereunder ehall, at the option of Beneficiary, constitute a ��
<br /> , �:� �- • ,�,.: . default. -=-
<br /> �.
<br />, � 6, TaxPia Assessments and Charcres. Truator ahall pay all �____
<br /> ��Y+-*�h.�.�����'� taxea, aseeasmenta and other charges, including, without
<br /> t ' , limitation, fines and impositions attributable to the Property, and =
<br /> . ` � � leaeehold paymenta or ground rents, iE any, before the same become ``�
<br /> delinquent. Trustor shall promptly furnieh to Benef iciary all �
<br /> � notices of amounta due under thia paragraph, and in the evenr _--�
<br /> �. � � Trustor ahall make payment directly, Truator shall promptly furnieh -
<br /> � to Beneficiary receipts evidencing such payments. Truator ahall �
<br /> �
<br /> -- -_- ':—.��--=--=-:=:; � .• gaj aZ]. taxea and $8£�P$Rn1P.11tA which may be levied upon �=_-V
<br /> � , � BeneEiciary's intereat herein or upon this Deed of Trust without ��.
<br /> �� regard to any law that may be enacted imposing payment of the whole �-;;'
<br /> � . "''��' or any part thereof upon the Benef iciary. �'-
<br /> � . 7. Additional Liens a�d Protection of Benef iciarv's � '�
<br /> Securitv. Truator shall make all payments of interest and .
<br /> �' principal and paymenta of any other charges, fees and expenaes
<br /> ��`
<br /> ,:';. contracted to be paid to any existing lien holders or prior
<br /> - . beneficiaries under any prior deed of trust or mortgage before the �
<br /> ;t� � date they are delinquent and promptly pay and discharge any and all �
<br /> , other liens, claims or charges which may jeopardize the security ,
<br /> granted herein. If Trustor fails to make any such payment or fails
<br /> ' � � to perform any of the covenants and agreements contained in this ±
<br /> , Deed of Trust, or in any prior mortgage or deed of trust, or if any l
<br /> action or proceeding is commenced which materially affects `
<br /> � Beneficiary's interest in the Property, including, but not limited F
<br /> . , to, eminent domain proceedings, or proceedings involving a
<br /> ' decedent, or if Trustor fails to pay Trustor's debts generally as �
<br /> ' + � they become due, then Beneficiary, at Beneficiary's option and '
<br /> without notice to or demand upon Tr.ustor and without releasing
<br /> � Trustor from any obligation hereunder, may make such appearances, :
<br /> f. `.
<br /> disburse such suma and take such action as is necessary to protect
<br /> A Beneficiary's interest, lien, and entry upon the Property to make ,
<br /> ' repairs. In the event that Trustor shall fail t� procure insurance
<br /> " : � or to pay taxes, assessments, or any other charges or to make any
<br /> payments to any existing prior lien holders or beneficiaries,
<br /> ' + , Beneficiary may procure such insurance and make such payment. Any
<br /> ; � amounts disbursed by Beneficiary pursuant to this Paragraph A.7 �
<br /> shall become additional indebtedness of Trustor secured by this
<br /> Deed of Trust. Such amoun�s shall be payable upon notice from
<br /> � Beneficiary to Trustor requesting payment thereof, and shall bear
<br /> �' interest from the date of disbursement at the rate payable form
<br /> time to time on the nutstanding principal under the Note unless
<br /> � -� _�. r�.,..�a„t �f ;nrPrPar at auc-h rate would be contrarv to at�pliCable
<br /> _- --- ---- - -- .- �_f...---- -- ---- —-- - - - - -
<br /> ' }. law, in which event such amounts shall bear interest at the highest
<br /> rate pPrmissible under applicable law. Nothing contained in this
<br /> ' �. Paragraph A.7 shall require Beneficiary to incur any expense ar
<br /> �' take any action hereunder.
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