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<br />-- —�-�°:�i�ai��,� fOR VAlUA�1R CONSIDERATiON,includin�tfu it�btedn�ss intt�ntifi�d�Nr�in��iiie t+us�iKr.iu c�:;�trJ,t��::�:.::w:L?�:��.;�'t tw�.:���, ,_
<br /> _ --y-i{�4'=''x, atknowi�dpid, Trustor iirevotabiy aran'IS, transfefs,corn�ys,otx!assi�rts Pa Tros4M, IN TRUST.YIITH Vd1lVVER OF SAIE, 1or the bmefit and
<br />��.":,:�:Y•��T�,,���+,,�,,��q� sKU►ity of Wnatkiory,under m�d sub;ect to tha terms ond condNions af this Deed of Trust,tiw real p�oRcrty d�urib�d as follows�
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<br /> T06ETHER WITH,all rents, profits,royalties,income and other bene�fits derived from the renl property;all leases or subleoses covering the �
<br /> reol property or ony portion thereof, now or hereafter existing or entered into,nnd oll right,title and interest of Trustor thereunde►, all in- ��
<br /> ' terests,estate or other cloims,both in law and in equity, which Trustor now has or may hereofter acquire in the real property;all eosements, �`
<br /> ,, ri ghts•of-way, tenements, hereditaments and oppurtenantes thereof and thereto; all oil and gas rights and protits,water rights and water
<br /> �`�, stock;all right,title and interest of Trostor,now owned or hereofter acquired,in and to ony lond lyinc�within the right•of-way of ony street or �;.:
<br /> highway adjoining the real property, any and all buildings, fixtures, improvements,and appurtenances now or hereaher erected thereon or „S
<br /> � � belonging thereto,(heroin referred to os "Improvement"or"Improvements"1:ond any and all awards made for the tuking by eminent domain -
<br /> or by any proceeding or purchase in lieu thereof,of the whole or ony part of the renl property.
<br /> ' All of the foregaing esta4e,propsrty and interest hereby conveyed to Trustee herein collectively referred to as the"Propeity".
<br /> THIS DEED OF"fRUST SHALL SECURE:
<br /> (a)The poyment of indebtedness evidenced by Trustor's note of evon date herewith in the principal sum of Nine Thousand Seven .
<br /> Hundrad and no/100####�###�####"�r�##""# _Dollars (S���Q0.00 �,
<br /> together with interes4 at rhe rate or rates provided therein,(herein,togother with any and oll renewals,modifications,and extensions thereof,
<br /> ` .': referred to us the"Note")both principal ond in!erest on the Note being payable in accortlante with the terms set foAh therein,reference to
<br /> which is hereby made,the final poyment of principal and interest, if not sooner paid and if no renewals,modifications or extensions are mude,
<br /> : �:>��• due and payable on_Sel+�"��, �9-9A '
<br /> ' � (b)The performonce of each agreement ond covenant of Trustor herein contained;ond
<br /> (c)The payment of any sum or sums of money with interest thereon which may be hereafter paid or advonced under the terms of this Deed of
<br /> Trust.
<br /> (d)The payment of any future advances necessary to protect the security or any future advance made ot the option of the part�es;and
<br /> - (e)The performance of an obligation of any other person nomed in this Trost Deed to a beneficiary.
<br /> ' TO PROTECT THE SfCURITY OF THIS DEED OF TRUST,TRUSTOR HEREBY COVENANTS ANQ AGREES AS F011OWS:
<br /> ' 1.Parm��rt of Prindp�d and IMarott.Trustor shall promptly pay when due the principal of ond interest on the indebtedness evidenced by the
<br /> • ' Note,and all other charges and fees as provided in the Note,and the principal of and interest on any Future Advonces secured by this Deed o�
<br /> Trust.
<br /> • 2.1Nwrertty of fitle.Trustor is lawfully sei:ed and possessed of good tind indef$asible title and estate to the Property hereby conveyed and
<br /> '" � has the right to groM and tonvey the Property; the Property is free�na clear of all liens and encumbrances except liens now of retord;and
<br /> Trustor will warrant and defend thn title to the PropeKy agninst all claims and demands.
<br /> 3.Ma3nt�r�te�and Cotrip9iatee witl�lawt.Trustor shall keep the Property in good condition nnd repair ond shull not commit waste or p2rmit
<br /> . impairment or deteriorotion of the Property and shall comply with the provisionsof any lease if this Ueed of Trust is on o leasehold.No improve-
<br /> ment now or hereatter erected upon the Property shall be altered,removed a demolished without the prior written consent of Beneficiary. I
<br /> �� Trustor shall comply with oll Inws,ordinances,regulations,covenants,conditions and rostrictions affecting the Property and not commit,suffer, f
<br /> - -- - — .. .._ �_ ,___:_ __..___.�._n....,...w:....�nlnfinn nf nnv InW.ordinance.reQUlotion, covenant, condition or restriction.Trustor
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<br /> or perm�r any ac��V uo w��v m v� v�� �.�o ....p....�... .._._.._.. ,. _ , . . _
<br /> Ishall complote or restore promptly and in good workmanlike manner any impPOVement on the Property which may be domoged or destroyed ond
<br /> , poy,when due,all cloims for labor performed and materials furnished thereforu artd for any alterations thereof.
<br /> . 4. Insuraece.Trustor, at its expense,will mointain with insurors approved by Baneficiory,insurance with respect to the Improvements and �
<br /> personal property,constituting the Property,against loss by fire, lightning,tornado,and other perils and haxards covered by stondard extended ;
<br /> coverage endorsement,in an amount equal to at least one hundred percent of the full replucement value thereof and insurance against such
<br /> , other hazards and in such amounts as is customarily carned by owners and operators of simulor propertius or as Beneficiary may require for irs :
<br /> • pro4ection.Trustor vvill comply with such other roquirements as Beneficiary may from time to time request for the protection by insurance of the ;
<br /> ,, intarosts of the respective parties. All insurance policies maintained pursunnt to this Deed of Trust shall name Trustor and Beneficiary as m-
<br /> � sureds, as their respective interests may oppear,and provide that there shall be na cancellation or modification without no less than 1 S days
<br /> , � prior written notification 4o Beneficiary. In the event any polity hereunder is not rertewad on or before 15 days pricr to its expirotion date.
<br /> Beneficiory may pmcuro such insuronce in accordance with the provisions of paragroph 7 hereof.Trustor shall deliver to Benoficiory the original
<br /> • policies of insurance and renewals thereof or memo copies of such policies artd rertewnls thoreof. Failuro to furnish such insurancQ by Trustor,or
<br /> �.. renewals as rdquired hereunder shall,at the option of Benoficiory,constitute a default.
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