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<br /> (d) Th• p�yawnt of any utur• r,dvances necQ�aary to prot�ct th• s:curity or •ny futur�
<br /> advanc• nad� ak th� option of tt�e p+�rti�s� and
<br /> —_ � (�) Tha p�rEor�ance of •� obli�ation of �ny other person named i� this Trust Dead to a `
<br /> -;�'— b�ry�ficiary.
<br /> TO PROTECT TNB SECURITY QF TNIS DEED OF TRUST. TRUSTOA HEREBY CONVENANTS AIiD AGREES
<br /> AS FOLl.01iS:
<br /> � 1. Payment of Pri�cipal and Interest. Trustor shall promptly pay when due the principal
<br /> ___ � af and interest o� the indebtadness evidenced by the NOTE. and all other charges and fQes aa "
<br /> providad in th• NOTE� and the principal of aod int�rest on a�y Futur� Adv�nc:a aecuced by
<br /> ..,�� this DRed of Trust.
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<br /> - ----- 2. ilArra�ty of Title. Truator is lewFully seized and possessod of good and indefeasible
<br /> ��~ tttle and estate to the Property hereby conveyed and has the right to grant aad canvey the
<br /> � Propertyi tha Property ia free and clear of all liens a�d encumbra�cec except lie�s now oE
<br /> �� ~ �S�• recordt and Trustor will Warrant and defend che title to thQ Property againat all claim� �
<br /> ,��:�L'"�,i'';r and demanda.
<br /> • �'�•�(����t�'` 3. Maintenaoce and Compliance with Laws. Trustor shall keep tho Property in good condicion �
<br /> , . ., . .1v,��• _
<br /> „ • ;,,,.,�. aod repair and shalt not commit wasce or permit '•impairment or deterioration oE the Property
<br /> •�.:•�y..:• � . .�:•: •� and shall comply with the provisions of any lease tf �his deed df Trust is on a leasehold.
<br /> • �.� , No improvement now or hereafter erected upon the Property shall be altered, removed or __
<br /> � demoliahed without the prior written consent of Beneficiary. Trustor shall comply with all
<br /> , �•'�K laws� ordinanceII� regulations. covenants. conditions and restrictions affecting the Pro�erty
<br /> and not commit, suffer, or permit any act to be done in or upon the Property in violation of
<br /> ..+�..�.• :�., r�..,�•.:, = any taW� ordinance, regulation� covanant, condition or restriction. Trustor shall complote —
<br /> or restore promptly and in good workmanlike manner any improvement on the Property which roay
<br /> be damaged or destroyed and pay. when due, all claims for labor performed and materials
<br /> furni�hed therefore and for any alterattons thereof.
<br /> 4. Insurance. Trustor, at its expense, will main[ain wtth insurors approved by
<br /> BeneEiciary� insurance wiCh respect co the Improveme�ts nnd personal property� constitutin� ��� •`
<br /> the Property. agatnst loss by fire. lfghtning, tornado, und other perils and hazards v
<br /> covered by standard extended coverage endorsement, tn an amount equal to at least one hundred &:�=
<br /> �� , . percent oE the full replacement value thereof and insurance agaiost such other hazards and in �"
<br /> �-s ' such amou�ts as is customarily carried by owners and operators of similar pronerties ar as �"
<br /> �� Beneficiary may require for its protection� Trus�or will comply aith such other requirements �
<br /> as Beneftciary may from time to time request for [he protection by insura�ce of the interests
<br /> ,' of the respective parties. A1l insurance policies maintuined pursuant to this Qeed of 'frust
<br /> shall name Trustor and Beneficiary as insureds� as theii respective lnterests muy appear� and �,. _
<br /> • provide that there shall be cto cancellation or modificacion wichout no less thnt 15 days •
<br /> prior writ[en nottEication to Trustce and 8eneficiary. In the event any policy hereunder is
<br /> � not renewed on or before 15 days prior to Its expiration dntc, 1'rustee or Ileneficiury may �
<br /> � procure such insurance i� accordance with che provisions of paragruph 7 hereof. Trustor '
<br /> . shall deliver to Beneficiary the ori�inal policics �f ins�rancc anJ renewals [hcrcof or memo ;
<br /> ; - I copies of such policies and renewals thereof. Failure to Furnish such tnsurance by Trustor, ,
<br /> ,,...' or renewals as required hereunder shall at r.he option of Beneflctary, constftute a defdult.
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<br /> S. Taxes, Assessments, and Charges. 'l'rustor shall pAy �ill taxes� assessments und oclirr ,
<br /> • charges, including. Without Iimitation, fines and impositions attribucable to [lie Property,
<br /> � E and leasehold payments or ground rents, If any, b�fore tlic same become delinquen[. 'l'rustor
<br /> , ., shall promptly Furnish co Beneficiary all notices of umounts d��e under this paragrApti� and
<br /> - io the event Trustor sh�ll make payment directly, Trus[or shall promptly furntsh to Beneficiary
<br /> , receipts evidencin� such payments. 'frusCOr shall r�y �Il tax�s �n<I ass��ssm�nta ahich mny be
<br /> . � levied upon Beneficiary's in[erest herein or upon this D��ed o[ 'I'rust without re�ard to any law
<br /> . . that may be enacted tmposin� payment of [tm wl►ole or any par� thereof upon [he Deneftciary.
<br /> � 6. AddiCional Lieas and Protection of fie��ef iciary's 5ecurlCy. Trustor shal I make nl1
<br /> payment� of interest and principal and payments ot a�y other cliarbes, Cees and expenses con-
<br /> - ,�,_ � tracted to be puid [o any existing lienholders or prior beneCiciaries undcr any prior dced
<br /> � � �� � � �� � OI CCUSC O[ moregage DCTOTC CIl[ OiiCe Lt1eY aft u�•linc�ueni :tuu Nr�tupi.iy Nuy u�i�i ui5�u.iigc di�r
<br /> and all other licns, claims or charges wliich may be jeopardize the security granted hcrein.
<br /> � If Trustor fails to make any such paymenc or Cails to perform any of tha covenan[s and ,
<br /> p agreements contained in this peed of Trust, or in any prior mortgagc or decd of crus[, or if
<br /> � any action or proceeding is commenced vhich mi�[erlally aftects Hrnefictary's inter�st tn the
<br /> . P�operty,includfng. but not limited to, eminen� domain proce�clings, or proccedings involv(ng
<br /> ' a decedent, or 1E 7'rustor fails to pay Trustor's deb[s grnerally As ttiey become duc, thcn
<br /> Beneficiary, at 9eneFiciary's op[ton t�nd without notice to or demand upon 7'rus[or and
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