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<br /> FlR�C SU1���KAWa THER INSUAANCE:To�cee�p suah p�operty bnaured aqninst loas or dau�o�a by it�e and o11xx
<br /> ;��:wc•..;"'•: . �lak or rlaks wf��h;tn t1iA�ole opinion of�eneftciary should be Insured aQaMsL urtdsr poltclas cf lnaurdnae wfth losf
<br /> � �• � �ayable to Beneticiary in totm,amcunt and companies acae�ptable to Benetict$r/.Seid palicies sheit be d�livsred to and _
<br /> remalninpassessionatBeneflclaryasiufthersacutirytortfietaNhfulper�ormanceofthesoobtipstlons,Hrhtchdeliyeryahall =�--°
<br /> ',�� ' eonstitute an assignment by Trustor to 6enefic�ary oi�!!rlghts tflereunder.includimy a0 tetur� prumfum�;to deiiveK t9 �.`==`=-�"�"��"`"�'�-'=-•-
<br /> ,� . . Beneticiary a potIcy or policies renewi�g n�extending r�ny explNng insuranco with a recolpt ahowing premlum�patd at - _---- —
<br /> �� . teaat thfrty(30)day�v befo�e expiratlon.if Trustor taita to so dallver any renewal policles.E3eneficlary may procure aucn
<br /> . insurance as It may elect and may make payment ot pra�niumA thereon,which payment Is repsYable on demand.NMther
<br /> y�.:. . �,, �_ Truatae nor Beneticiary ahai!ba�esponslble tor obt�ininp ar mafntafMng euah i��urdnce.B�t�ettct�ry.trom dme to time,
<br /> . mayfumtshtoany(nsuranceag�ncyorcompany,oranyotherpereon,anyinbrmatlonaontafnedinorextractedhomany _—
<br /> ...
<br /> -' •- insurance palicy 4fleretoto�e c9sl�varod to Banoticlary pur�uant harc4o,nnd any inlormaUon cortccrnirtg th�tcst►c^�uret� ��-. - -- �
<br /> "' � � �' hereby. In no event and whether or not detault hereunder has occuned ahal! Benetictary� by th� tans ot appravin�.
<br /> � `" . � acceptingorobtainingsuchi�surance,incuranyllabilitytortheamountofsuchlnaurance.th�formo�ieQalaufliclencyof
<br /> . •,• insurance contracta,solvency of insurers,ot payment of losaea by insurera,and Truator hereby expresaty asaames tull
<br /> � ' � responsibility theretore and ifahlliry,if any,thereu�der.in the event of losa,Truator shall gtvs immsdlato written natice to
<br /> Beneilciary.and Beneflcfary may.but is not obitgatedto,mako proof of loss if not made prompUy by Trustor.In case of any
<br /> Iosa the amountcoltected under any policy of tnsurance on such property may,et tNe optton ot the 9eeoeticiary,beapplied
<br /> , �� by Beneflatary upon anyindebtedness and/orobligation secured herebyand in such orderertd amount aa 8eneficiary may
<br /> � determine;or said amqunt or any ponion thereoi may,at the option of ihe Beneflciary.either be used In�eplacfng or
<br /> vestoring the improv�ments pa�tiatiy or totaily destroyed to a condltfon satisfactory to said Berteticiary,or said amount or __
<br /> ;. any portian thereof may be�eleased to the Trustor.In any such event rteither the T�usiee no�tho Beneficiary shall be -
<br /> , obiigated to sea to the proper applicatlon thereof;nor shall the amaunt sa reteased or used be desmed a payment on any --�
<br /> �.;�;.��. indebtednesssecuredhereby.Suchappttcation.useand/orreleaseshailnotoureorwaiveanydefaultornotiaeafdetault �
<br /> . . , . �.
<br /> ;� '"'`� � ' hereunder or InvaAdate any act done pursuant to such notice. Any unexpired insurance end alt retur�able insurartca
<br /> .,,.•
<br /> y: ,ci.;..;���°'sti�'r�
<br /> ;.. � .{,4,:,:� ` premiumsshaitinsuretothebene�tof,andpassto,thepurcflaserolti►eproperrycoveredtherebyetenyT�ustaa'ssai8hetd =- -- -
<br /> �` ��`'�"'����`�.��';��� hereunder.lfsaidpropertyissaldpursuanttothepowerofsalecontainedherefnorpursuanttoanydecteeoftareclosure, _
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<br /> , .;ti,:.. . � aUrlgh�titleandinterestofTrustorinandtotheproceedsoiflreandotherinsurancepoNctestordamagepriortothesale, -
<br /> ' �:,:�- `-,� ���''. • which proceeds are not receivedf prior to the date of said sale,shall betong to Beneflciary.T�ustar witl compiy with such �`.z:�."-
<br /> ` . � uthorrequi�ementsandprovidesuchathertypeofinsuranceasBeneflciarymayrequiretromtimetoUmefortheproteciion ��-
<br /> �ti by insurance of tho interest of the respecHve partfes hereto. �,�;LL-�
<br /> . ��--.--
<br /> .. . ;:�;�.�_
<br /> TAXES AtJD OTHER SUMS OIDE To pay.satisiy a�d discharge,at teast to ten(10)deys before delfnquency all general :4�:;.
<br /> � ' and speciel taxes and assessm�mts and other publ(c cha�g�s,and in�o event Iater Nhan the date such amounls become '�;�;:�
<br /> � due and to further pay whe�due or requested:(1)all encumR�ranoes,charges and liens,with Interest,on such araperiy.or ,-a;;,L�'
<br /> � any partthereof,which are.ur appear to beneficiary,in Its sole discretion,to be prfor to or superior hereto,(2)ati aosts,fees
<br /> . . .. ..�
<br /> � - endexpensesofthistrust,whetherornotdescribedherein,(3)teesorc�►argesforanystatementtegardingtheobifgatlan � � ��
<br /> -_-•-- — -
<br /> seaured hereby in any amountdemanded by Beneticiary,aot to excesti the mauimum amount aiioweci by iaw thereiore at '- `
<br /> __
<br /> � � ;..<•~;, .
<br /> thetimewhensuchrequestismade,(4)suchotherchargesastheBeneticiarymaycl�+mreasonableforservicosrendered . �����'
<br /> byBeneficieryandfurnishedattherequestofTrustororanysuccessorininterestioTnustor,(5)ifsuchpropertyinctudese "`;�`��
<br /> :"`��� ` leasehold estate,all paymentsa�sd obligations requi�ed of the Trusto�or his successar in lnterest under the 4�rms of the "�"��
<br /> , ' ' '�"�:�i:�`"� instrument or instruments oreating such leasehold,(8)all payments an�moneQary obiigatfons required oi the owner of ". . +R: '
<br /> � ` �;i:� ' such property ursder any decia�atfon oi cov�r�ants, cooditlons end r�strictions pertaining to such property or any � •;.;
<br /> ' " `''' � .': '��, modifica8lon thereot,(7)al�mortgage i�su�ance or guaranty fees,premiums,or charges of any�ature pertaintng to such �
<br /> ta ,,r�
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<br /> � � .. property.Q►ustordgreesto notily Beneficiary immediately upa�n receip2 by Trustor ot notice of any increase in th�assessed , +;•. ,;.."���
<br /> . value of suc�proReriy end agrees that Beneticiary,in the nacne of Trustor,may contest by approprfate proceedtngs such .
<br /> ' � ' increase in assesssnent
<br /> ;;, ,':• ,j.
<br /> 1 • ,,'i
<br /> In the event of the�assage ot any law deducting from the vatue of reai property for the purposes of texation any lien „.
<br /> . � �;:, ,, �� � therc3onorchanginginanywaythelawsforthetaxationofdeedsoftrustordebtssecuredbydeedsoftrustiorstateorlocat :. �, •=.!��
<br /> �,�;�; � � � purposes.orthemannerofthecollectionofanysuchtaxes,soastoaffectthisOeedotTrust,theholderotthisDeedofTrust � . .. .;.,.;_, �
<br /> •`,� � ' and of the obiigations which itsecures shail have the rlght to declare all sums secured hereby due as ot a date to be I ' ",,��•
<br /> `��"��I s ecitled b not less than 30 days'written notice to be iven to Trustor b 8eneficia , rovided,however,that such ' '
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<br /> ' .• '�;.4,_, eiec4ton shail ba irteitective if Trusbr is permitted by law to pay the wP�oie of such tax in addition ro ali othe�payments ' � ,_
<br /> � � ��` required hereunder and it,priorto such specified date,does pay such 4ax and agrees to pay any such tex when hereafter i � •�"f
<br /> �� •�? levfed or assessed agalnst such prope►ty,and such ag�e�r�ent shal!constitute a moditication ot this Oeed ot Trust � _
<br /> .•,::,: , •
<br /> + FUNOS FOR TAXES ANO INSURANCE:If Benet(ciary shall so requos�Trustor agrees that there shail be added to the �
<br /> ,;� - periodtcai paym�ntr�quired tobe made hersunder an amount estimatetl by Trusted to be sufficientto enable Trustor to .
<br /> pay,at teast thirry(�fl)days before delinquency,ait general and special taxes,assessments,or other public charges ; „
<br /> againstsu�hproperiy.thePromissoryNote,oruponoronaccountofthedebtortholienotthisDeedotTrust,togethe�with .,�.,,
<br /> premiums tor insurance required to be provided under this Oeed of Trust and ali mottgage insurance or guaranty tees, j '.� '',
<br /> ' premiuma or simitar charges and no interest shall be payable to Trustor in respect thereof.Upon demand by Trustee, . •
<br /> . � Trustor shali detiverto Trusteesuch additianal sums of moneyas are necessary to make up any doficiency in the amounts
<br /> + necessary to enable Trustee to pay any of the foregoing items. '
<br /> SUM$AOVANCED TO BEAR INTEREST:To pay Immedfateiy upon demand any sums advances or paid by Beneflciary , ..
<br /> or Trustes underany clause orprovision ot this Deed ot Trust.Any such sums,untii so repafd,shall be secured hereby and ,
<br /> ! bear interest from the date advanced or paid atthe same rate as settorth in such Promissory Note and shali be secured by �
<br /> ; this Deed of T►usE.
<br /> ,. '.�. •• ASSIGNMENT OF OEPOSITS:That as addiHona�security if this be a construction loan,Trustor hereby transfers and
<br /> ;'� . ° assfgns 4o Beneficfary during continuance of these Trusts,ail right,title and interest to any and alt monfes deposited by
<br /> � � T�.v�����1� ' �1.��.��tJT...�v�...S�L��..�i�..� ..�t.�..Vi1�6�J..�..�a���.. � ..tv��.�t�vi�� �d• ������
<br /> �-�t - t�Y�7tVItlIVQFtV�¢GVVttyQttOt�V� ttVOaVtttttttOtt�y1���VVVtR��'/VVnVWM�Vtq�Q/tV��DOt��Kit�V�Ol�W4y000/tV/V�Q/Vbt/1V
<br /> i, ! company,tetephonecompanyandanyotherbodyoragency.fortheinstaltaHono�tosecuretheinstellationotanyutttityby
<br /> �� �• T�ustor,pertatning to this property.
<br /> �f
<br /> I FAILUFtE OF TRUSTOR TO COMPLY WITH DEED OF TRUST:t�the event T�ustor shoutd fait to make any payment,or to
<br /> , " do any act as prov(ded in this Deed of 1'rus�or fail to perform any obligation secured by this Oeed of Trus�or ao any act
<br /> , Trustor agreed not to do,Beneficiary,but without obligation so to do and without notice to or demand upon Trustor and
<br /> wlthout releasing Trustortrom any obligatfon hereotand without contesting the validity or amount of the same,may(a)pay,
<br /> , make or do the same fn such manner and to suCh extent as it may deem rtecessary to protect the security hereot,
<br /> . Honeficiary being auMorized to enter upon such property fo� such pu�poses, and (b) pay, purchase, contest or
<br /> ' ` compromise anyQi�CUmbranae,cherge or Ii�n,whlch in its►udgement ia orappears to be prfor er superior hereto,and(c)
<br /> ", in exercising any such powe�.pay necessary costa.tees,and expenses,empioy counsel and pay counsel's reasonable
<br /> a, � teea Trustor agrees to repa��any amount so expended on demand of Beneficiary.
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