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<br /> �-.`?'`T;-,, ,. , �IRF_,CR,SIJAITY;�ANm O7'HE�i�I�URANCE:�'a keep su�h propdrty Insurad agelnst lass ov damage by 6ir�and other __ _._ —
<br />" rlak or ricks which,In tho solo apinfon ot�onoficfary �houfd f�o Insured ag�le�s4,u��clar policle:�of Insuranco virith loss � -�;�;'�"����'�;.
<br /> • E�ayabto to€�anoUcinry ih(or��i,arnount nnd�ompanla�accaptai�lo 4o f33noYlelary.Said pa�Iicia��iiall ba daiivor�al 4n Att� ' -
<br /> v�i��ial��in o::::.:;�I�j�o461c�ioficlU ra3(ur�i�eve�curl�y(�rl4toi,:�lfii4ul�sw�9orr����cquftiic�o�i�l1{��a91on:;,r�hichciolivcry;;ha�f �`m.�^v
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<br /> scsi�stiGulo an c�:,�l�louac►�l i�v��'ru�toP fo E3�notic:lary ot all ric��it�tiroroundcr, Includlnc�al! rcYurn prornlurnc;4o dcllvr,r te�
<br /> � „ � Benoticlary a pollr,y or�ollcios ranowing or oxionding any ex�iirinfl Insuranco with a rece:lpt showing prerniums pAid at , • _-
<br /> I�ASt thirry(30)dmys boform axpirntlon.!f Trustor fails to so dal(vnr any ronowal policles, i�enollc{c�ry may prac��ro auch
<br /> insurn�ce as 11�ray eleet and may make payment of premlums 4hereon,which paymenl is repayable on demand.Neither . 4r�„�• ,,;,;�,'
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<br /> Trust�o nor B�neficlary ehall l�e�esponsiblo tor obtalning ar malntalnirtg e�ch Insurance.Beneticlary,irom time to timp,
<br /> �• cr�ay fu.nl;.�to any Incutranca ngcncy or cornpany,or a�yothor nor�on,nny In4ormotlon contRi�P.d in or Axtr�cted from eny _ ... ,. -
<br /> -_ .. ' InsuranGO poilcytheretofore deiivered to BeneticlAry purauant horeto,end any Intormatlon concerning the loan seaured �._.,��'� •::�� •
<br /> horeby.In no event end whether or not detaul4 heraunder has occurred shall Beneficlary, by the fact oi epproving, � '��f��'�����
<br /> , + acceptingaroblalningsuchlnsurance,incu�snylla6llityfortheemountofsuchlnsurance,ihr�tormorin�aisuNiciencyo4 �
<br /> tnsur�nce contreGt�,eolvency of insurera,nr payment of losses by inauier�,and Trustor heceby expre�siy a��ume�full �
<br /> responsibllity tharetore and Ilebllity,if eny,theceunder. In tl�a event of loss,Trustor shall glve immedlate written notice to •� '
<br /> Beneficlary,end Banetictary may,but Is not obligat�d to,make proof ot luss it�ot made promptly by Trustor.In caso oi any
<br /> Iosa the amount coUected u nder any poticy of Insurance on suct�property may,at the op4ion of 3ho 8eneitciary,be applied
<br /> "„ � ' ,. • . by Oer�eliclary upon any indebtedness and/orobligati�n secured hersby and in such order and amount es Beneficiary may
<br /> , datermine;or said amount or any portion thereof may,at the optlon of the Beneticiary, either be used in replacing or -
<br /> " restoring the Improvement�partialiy or tott�lly destroyed to�a condltion satisfsctory to safd Beneiiclary,or said amount or
<br /> any uortlon thoreof may be released to the Trustor.In any such event neither the Trusteo nor the Beneflclary shall be
<br /> abllpated to sa�to tho pro�er anplication thereof;nor shall the amount so releassd or uaeci be deemed a payment on any
<br /> intlebtednesssecured fnereby.Such appllcatlon,use andlor release ahall not cure orwelvc�enydefaultor naticeof datautt '��
<br /> hereuridar or Ii�vatldaYe eny act done pursUant to such notica.Any unoxpircd in�uranco und all returnabla InaurAncQ �
<br /> premlums shall insureto the benefitoi,and pass to,the purchaser of the propertp covered thereby at any Trustee's sale held . ��
<br />' hereunder.Hsald p►opdrty is sold pursuantto the power of sale contalned hereln or pursuant4o any decree of foreclosure,
<br />, all right,title and interest oi Trustar in and to the proceQds of fire and other insurance policies ior damaae prior to the sale, ��
<br /> �� which proceeds sre not received prior to the date of sald sale,sheli belong to Beneif cfary.Trustor v�ill comply with such ' �
<br /> other requirements and provide such other type ot i�surance as Beneficiary may requlrefrom time to time for the protection .
<br /> , by insurence of the In4eres4 oi the respective partles hereto.
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<br /> „ TAKES AND OTHEW SUMS DUE:To pay,satisiy and discharge,at least to ten(10)deys beforo delinquency all general � ;''Y�_
<br /> �� and special taxes and assessments and other public charges,and in no event later then the date such emounts become •�.,
<br /> • dueand to turther pay when due or requested:(1)all encumbrances,chargesand liens,with interest,on such property,o� "��
<br /> anypartthereof,whlch are,or appear to benef!ciary;in its sofe discretian,to be prior to orauperior hereto,(2)all casts,tees . •
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<br /> entiexpensesoiinisirusi,wneinerur�ioiuv�c�iuvu��c■n���,to��'vaSuiGnaiyCS�viuiyat'aibii�oi'iti8y&i�{�y'in8�uii�uti'vi� --- ,
<br /> , secured hereby in any amount demanded by Beneffciary,not ta exceed the maximum amount ellowed by law therefore at ; � �
<br /> thHffine when such request is made,(4)such other cha�ges as the Beneficfary may deom reasonable for services rendered „
<br /> ��� by 8eneticiary and furnished atthe request of Trustor or any successor in interestto Truator,(5)if such property includes a
<br /> leasehold ostate,all payments and obllgatlons required of the Trustor or his successor in interest under the terms of the , ;
<br /> � instrurnent or instruments creating such leasehold,(6)all payments and monetary obligations requfred of the owner of , .
<br />. � ' such property under any declaration of covenants, conditions and restrictions pertaining to such property or any , �
<br /> . modlfication thereof;(7)all mortgage insurance or guaranty fe�s,premiums,or charges ai any nature pertaining to such ,f�a;
<br /> " property.T�ustoragrees to notiiy Beneficiary immediately upon receipt by Trustor of notice of any increase in the assessed � , �
<br /> . value of such property and agrees that @eneficiary,in ttie name of Trustor,may contest by eppropriate proceedings such i
<br /> • increase in assessenent. � . • �'
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<br /> In the event of the passage of any law deducting from the value oi real properry}or the purposes ot taxation any lien � �' .
<br /> '� , thereon or changing in any way the Iaws tor the taxation of deeds of trust or debts secu red by deeds oi trust tor state or local � "'��
<br /> �� ' •• purposes.orthemannerotthecollectfonofanysuchtaxes,soastoaffectthisDeedoiTrust,theholderoithisDeedofTrust „
<br /> and of the obligatior�s which it secures shall heve the right to declaro ail sums secured hereby due as of a date to be I ,
<br /> . . specified by not less than 30 days' written notice to be glven to Trustor by Beneficiary; provided, however,that such
<br />; - election shall be Inefiectfve If Trustor is permitted by Ixw to pay the whole of such tax fn addition to all o4her payments I „
<br /> , requlred hereunder and(f,priorto such specified date. does pay such tax end agrees to pay any such tax when hereafte�
<br /> levied or assessod aga8nst such property,and such agreemen4 shall constitute a rnodification of this Deed of Trust. � •i,,,,
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<br />.. FUNUS FOR TAXES AND INStJRANCE:tf Beneficiary shall so request,Trustor agrees that there shall be added to the �
<br /> periodical payment required to be mado hereunder an emount estimated by T�usted to be suHicfont to enable Trustor to �
<br />: � pay,at least thirty (30) days before delinquency, all qeneral and specfal taxes,assossments,�r other public charges I
<br /> against such prope�iy,the Promissory Note,or upon or on account ottho debt or the lien of thfs Deed of Trust,together with
<br /> premiums for insurance required ta be provlded under this Deed of Trust and all mortgage insuranco or guaranty fees, j
<br />. premiums or simllar charges and no(nterest shall be payable to Trustor in respect thereof. Upon demand by Trustoe,
<br /> � TrustorshalldelfvertoTrustee�uchadditlonalsumsofmoneyasarenecessarytomaGceupanydeficiencyintheamounts ,
<br /> ' necossary to onable Trustee to pay any of the toregoing itQms. �
<br /> " SUMS ADVANCED TO BEAR INTEREST:To pay immedlately upon demand any suma advances or paid by Beneficiary
<br /> . ' orTrustee underenyclause orprovisi�n of this Deedof Trust.Any such sums,until so repaid,shall be socured hereby and
<br /> bear interestfrom the date advanced or paid at the same rate as set forth in such Promissory Note and shall be secured by • �
<br /> ��, � this Qoed of Trust.
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<br /> f ASSIGNMENT OF DEPOSITS:That as adaitionai security if this be a construction loan,Trustor hereby transfers and
<br /> �-_- - --- - �..ei.....e�..Gnncflnfnnr.4��.tnn�nntin��anr.a n}thaaa Tr�iata all rinhf titla an�l lnfaroct M an�anrl alt m�nicc rinnncifnri hv : -
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<br /> T�ustoror doposlted on behalf of Trustor with any city,county,publlc body or egency,senitary dlstrict,gas and/or electric
<br /> ` company,telophonocompanyandanyotherbodyoragency.torthefnstallstion ortasecuretheinstallationofanyutilityby
<br /> �;, Trustor,pertelning to thls property.
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<br /> 4► FAI LURE OF TRUSTOR 70 COMPLY WITH DEEU 0 F TRUST:In the event Trustor should fail to make any payment,orto
<br /> do any act as provtded fn this need of Trust,or fail to perform any obllgetio�secu�ad by tP�ls Deed ot Trust,or do any act
<br /> „ Trustor agread not to do,Boneflclary,but without obligatlon so to do and without notice to or demar�d upon Trustor and
<br /> withoutreleasing Trustorfrom any obllgatlon hereof and without contesting the valfdiy oramount of the same,may(a)pay,
<br /> � make ar do the sama In such manner and to such extent es ft may deern ►socessery to protect tho securiry hereof,
<br /> " Beneficlary being euthorized to anter upon such proporty tor such purposes, and (b) pay, purchase, contest or -
<br /> r, compromise anyencumbranco,chargo or lten,which i r�fts judgement fs or appears to be prior or superior hereto,and(c)
<br /> In exercising any such power,pay necessary costs,tees,and expenses,employ counsel and pay counsel's reasonable '
<br /> � taes.Trustor agrees to ropay any emount so oxpended on domand of Beneficiary. S
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