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<br /> �_.�."��� � �°�'� ��1�iV�� _—_��
<br />— --= other ].e�eeei all easements and righte of wayj all rig te of homeetead
<br /> - and homeetead oxemption ar�d any surviving spouee•e mari�al ar distribu-
<br /> tive share, and all other aontingent rights in and to eaid pramiaee� and
<br /> , � AZ1 Pixturaa, i.mp�covemente, buildingQ, and the plumb�,ng, heating, �- .-- -.
<br /> . ventilating and lighting syeteme and equipment therein, all of whiah
<br /> ehall be aonetrued and aoneidered as affixed to a�nd part of the real
<br />-� es�ate.
<br /> l, �',`-.:+�`4.
<br /> ���� kt�,'�ry �,�.:;� All of the foregoing eatate, property and intereat hereby coz�veyed to the
<br /> '�:'.`" �",-� ' eaid Truatee ie heroinafter collectively referred to as t1ne "Property.° � ,.-_,�_ ___
<br /> ,�.ry�.;W;�,. ,
<br /> � '�, • �.1` �. '' TO HAVE AND TO HOLD Lhe eame unto the said Trustee, Truatee's euceeasore
<br /> % `` . � � �� �� � ?� and r�aeigne forever, IN TRUST HOWEVER and WITH POWER OF 3ALE hereby expreealy
<br /> granted unto the sa3.d Trustee, Truatee•a si�cceasors, and assigns for the :�_,F,,
<br /> , • ^'` purpose of securing s �
<br /> `.. r:�
<br /> � " (a) 1•he payment of Truator's just indebtedneas to Beneficiary in the ;��,�___ - -��-
<br /> � - „ principal aum of Thirty-one Thousanct Five Hundred Dollara t$31,50�.08} fo;: "° �; --°°---
<br /> money borrowed, with interest thereon, all as evidenced by and in strict '��'�''
<br /> � .:-1FIYJq1
<br /> i ., � accordance with the terme of that certain promissory note hereinafter called =�:;;
<br /> the "Note", bearl.ng even date herewith made payable to the order of ' r�`�.��
<br /> • Beneficiary, executed by Dale Middleton and Linda Middleton, huaband Rnd ' `�`� �:
<br /> � wife, and providing for the payment of said indebtedneas in installments, �" ���•��`
<br /> � subject to acceleration of maturity on default in the payment o� any .�r� :�T
<br /> . �. installment of principal or intereat or in the performance of any covenant, _
<br /> ' agreement or warranty contained in this Deed o£ Trustj . ;� ,��°°
<br /> , ,�. .�:�-
<br /> .. �� :--= �
<br /> , , .. - tb) The performat�ce c�f each agreemant, cavsnant and warranty of Truator � :.. - --
<br /> , herein contained or set forth in the Note or any agreement or instrument
<br /> , „ executed by Trustor in connection with the indebtedness hereby aecuredj and
<br /> � (c) The payment of any sum or auma of money with interest thereon which � '
<br /> �,_-.�.,__...:_�._.��::_, ma� hA �,Arpafrar nai d ar advanced under the terms of this Deed of Truat. �-
<br /> _ ..� t�6
<br /> � � • NOW, THEREFORE, TO PRQTECT THE SECIJRITY OF THIS DEED OF �RUST, Trustor
<br /> •� doea for Truator and for Trustor's heirs, representatives, vendees, i;:t=
<br /> aucceasors and aseigns, the ownere of said Property, hereby expresaly ,,;�.,-_
<br /> ' „ covenant, agree and warrant to and with the Trustee and Beneficiary, and g:;-_- _
<br /> � their aucceasora, vendeea and assigns: a���r
<br /> •. i,a
<br /> � Firat: That the Trustor hereby covenants and agreea, to the extent ^'���?�
<br /> permitted by law, as followa: (a) to pay promptly when due the principal and ,
<br /> - � i.nterest and other aums of money provided f�r in the Note and in this Dced of � � . -
<br /> � Trustj (b) �o promptly pay before delinquency all taxes, assegsments and �
<br /> � ather charges impoaed by law upon the Property, the Trustor's intereat . .,
<br /> � � therein, or upon thia Deed of Trust or the Note; provided, however, that in
<br /> .. ' � the event of any change of the law providing for the taxation of deeds of •
<br /> . truat or debts thereby secured so as to affect this Deed of Trust, the entire
<br /> indebtedness secured hereby ahall at the option of the Beneficiary become due I •�
<br /> " and payable; (c) to keep the above-deacribed Property and the improvements �
<br /> • thereon in good condition and repair and not to commit or auffer waste i
<br /> thereof, and except as authorized in any schedule annexed hereto and forming
<br /> a part hereof; (d) to maintain and deliver to Beneficiary policies of �
<br /> � inaurance against such hazards on the buildings and improvements now or
<br /> " hereafter located on or constituting a part of the Property as the Beneficia- �
<br /> �' ry ahall require, in such companies and amounts and with auch loss payable
<br /> clauaes ae shall be satiafactory to the Beneficiary; that in the event of � �
<br /> loas, Beneficiary ie expressly authorized to se�tle or compromise claims
<br /> �. under said policiea and the proceeds thereof shall be paid to the Beneficiary
<br /> who may app�.y the same or any part thereof on the indebtedness secured hereby
<br /> � , �� � • or toward the reconatruction or repair of said buildinga and improvements or
<br /> --, _ .... ..L... .n.,.....«....... r.,� �., .,�., �„�, 1 ;o., r•'1 a i m nr rharcTr� a�ra i nsat r.hP
<br /> — —'---'— iC1Ca10G 4c�tltG Vv buc •�.wva.v.. � �..� .. y..v.j .....f .......�" ����" �_ ""'_�_ _
<br /> Property which might take precedence over the�lien hereof; (f) to pay on
<br /> '� �.� demand all legal expenaes, title searchea, appraisal or attorneys' f�es
<br /> � reasonably incurred or paid by Beneficiary to collect the Note or foreclose
<br /> or protect the lien of thi.s Deed of Trust; (g) that in the event Trustor
<br /> ��� shall fail to comply with the provisiona of (a) through (f) above, the
<br /> ; Beneficiary may �xgend such funds and take such action as is necessary to
<br /> t remedy such failure and all suma paid by the Beneficiary pursuant hereto with
<br /> t �� intereat at the rate hereinafter provided shall constitute a lien upon the
<br /> � Property, ehall be secured by tilis Deed of Truat, and shall be immediately
<br /> . � �
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