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<br /> �� FOR 7HE PURPOSE OF SECURING: • • , ��� �`�"�
<br /> P�ard T. Happe &�Gili;t�i'-°�a:C. �� �..
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<br /> � � (,�BVOrity Five ithousand��and ri�/].Q��otc of�even dotc hcrcwllh in thc prineipsl s�u�rnlof _
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<br /> (s � � �, topothcr wi�h fntorezt at the rate or �ato: provided theroln.Ihcrcin, topethcr _
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<br /> '" wtth any ond �II �cnewal+, niodifirations, and cxecnstone thorcof, refcrred to os thc ��Nato��1 both prineipal ond `+ n ^��ti,
<br /> � ' � intarest on the Notc bcing paYablo in accordanca with thc torms sct forth thcrcin,rclarcncc to wh�cTi is hcroby , fi.,_�.. �
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<br /> m•rdc,thc fiaal paYment oI prineipal and intercct, if noc sooncr�aid and I/no rcnewals,modifirat(ons or extenslons ,,t,, ,.�,�___-
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<br /> are made.due and paYablc on ' , •�;.�!:,"�'__`��___—
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<br /> (b) The performance of each a��eement and covenant of 7ruston c�rein conwined;and ._ _,Y��s� ::��
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<br /> �c) Tha paYrnent of any xum or iums of moncy witl�interest thereon which may be hereahor p�id or advanced x?�►
<br /> � unde�thc tcrmsof this Trust Deed. ',�i.�;t.�,.��_
<br /> '�;�iSY4�:_;�:�rr
<br /> � TO PR07EC7 THE 5ECUR171' OF 7H15 7RUST DECD, TRUSTOR HLREBY COV[NAN7S ANO �^.�'��;;`;;,;;;�.`"�
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<br /> � _v.,.u�.„�.,��,�
<br /> AGREES AS FOLLOWS: . .`K�-��T��_-
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<br /> . . • �,ireYUe�� _
<br /> • �, P�ment af Principal and Intcrest.trustor shaU prompUy pay wti�cn Juc the principa! o( and Intcrest �sr�—�v_ _—
<br /> ' on'the indebt�dness evidenccd by the Note,and all other char�es and �ees as provided in the Note,and the principal . Q�`_„ � Y��•—
<br /> �:°`--
<br /> of and interest on any�u�urc Advanccs securcd by i his 7rust Dec d. ��-.�,,,,,�_.
<br /> 2, Warronty ot Titic:Trustor is lawfuily scized and possesscd of good and indcfcasiUlc tiAc and estate ,��==:���_,��--
<br /> :�., `�,•..,k• �-<:
<br /> to the ProperLY'hcr.cby con�cycd and has thc right to grant and eonvcy thc Property;thc Ptaptrty is trcc and ClRat „���•_
<br /> , p( oll licns and encumbrancci cxccpt licns no�v o( rccord; an� 7rutmr will warrant and dcfcnd thc tiUc to tho ,. ;-c.s�r„R►,�
<br /> Property againri���claims an�demands.
<br /> ;�����
<br /> 3. Maintenance and Complianee With Laws. 7rustor shall kecp the PropertY i�good repa ir and condition `,;. .`� -
<br /> �_n � ���,nm�� waste or aermit impairment or detcrioration ol thc Property and shall tomplY vvilh�thc pfo• x. _•_��;_-
<br /> _ -. - . �r�' :,:...^.a. .
<br /> visions ot any leasc 1(this Trust Oced is on a Icaschold.No improvcment now on c�rca1tcr crcctea upon ii,c�.�v��'r
<br /> shall be altored,•removed or demolished witl�out the priorwritten consent of Br.neficiary.Trustorshall complywith A,�,.; ,
<br /> � K
<br /> all laws, ordinances,regulations,covenants,con�itions and restrictions affecting the PropertY�nd not commit,SuHe� ',
<br /> ' or permit�ny act to be done in•or upon tlic PropertY���iolotion ol any law,ardinanee,rec�ul�lion,covenant,con• ,,�'
<br /> dltion or retitriction.7rrustor ihall comp►cic or restora promptly and in good workmanlike manner any improvement r ,�,
<br /> C on thc Propa�ty whieh�may bc d�magcd or dcstioycd and paY. when Juc,all claims for labor n�►�ormr.d and ma• ��,/,F ,
<br /> ,ICrials fumifhCd Lhcrefore and for any altcralions thcrCOf. 4„��'
<br /> ,
<br /> 4. . Insurantc. 7rustor, at its expcn:c,will mainta�n witl� insurors approved by Oene(iciary,in5urancc with ,- ,���
<br /> �sC.
<br /> � respcct to thc Improvemcnts �nd personal property,con:tituting llic Property,against loss by fi�c,Iiglitni�9, tor• ��
<br /> nado,and other perils anJ hatards eovcrcd bY standard extended eovcr�gc cndorsemcnt, in an amount equal to at
<br /> Ieast one hundred percent of the(ulI replacement value thereof 5nd insurance against such ather hazarJs and in such , � , �^
<br /> amounts�s is custamarily carricd by owncrs and operalors uf similar propertics or as Denef iciory may rcquirc fot its I , �
<br /> protectien.T"rustor will comply wich such other requirements as Oenelieiary may (rom lime to tirne request 10�the `�.��
<br /> protection by Insurance ot the interests ol thc respeeuve parties.All j�surance policies maintained pursuant to this
<br /> Trust Deed shall name Trusior and Dencliciary as insurecJs, as �thcirrespective interests may aPpcar, and provide f�r
<br /> that thcrc �hall bc no canccllation or modificationwithout no Icss tl�an 15 days�rior writtcn notification to Yrustcc ,J
<br /> and BonCfielary. In the cvent any Poliey hercundcr is not renewed on or be(orc 15 days prior toits expirationdate, :
<br /> Trustcc or Bcnefieiary may proture sueh insurancc in accordanec with thc provisions ot paragroph Y hcrco�. 7rustor . ,��
<br /> ��
<br /> shall deliver to Ocneliciary the originol qolieies ol insuranec and renewals thereof or memo cop�es o( such policics i �k. r;
<br /> and rencwals thercof. Failure to furnish sueh insurancc by 7rustor, or renewals as rcquircd hcrcundcr shall,at thc
<br /> option of �cnefieiary,constieutc a defaul[. ' •
<br /> I
<br /> 5. Taxcs Asscssments and Char9cs.Truslor siialt pay alI taxcs, assessmcnts and othcr chargcs, including, !
<br /> .without 1 imitatfon, (incs ond impositions allribulablc to thc PropertY, and Icasehold payments or ground rents,it .
<br /> any,be(ore thc s�mc bccomc dclinqucnt.Trustor shall promptly furnish to Ucncficiary alI notices ot amounts duc ;
<br /> under �his paraqraph, and in thc cvent Trustor sl�all makc pavment directly, 7rustor shall promptly lurnish to
<br /> Beneticiary �eceipts evidencing such paYments. Trustor shall oay all taxes and assessments whiehmay be Icvied upon .
<br /> 9cncficiarys intcrest hcrcin or upon tliis '�rust Occd without rc�ard to any law that may bc enactcd irnposin9
<br /> � payment of thc wholc or any part thcrcof upon thc Dcnc(iciary.
<br /> 6. d_ldditional Licns and Protection ol Denefieiary�s Secvri�. 7rustor shall makc all payment:of interest
<br /> and nrineioal nnd paYments of any other char9es, Iees and expenses contracted to be paid to any ex�st�ng lien •
<br /> .,_�: ..a
<br /> -_ _ __�_-. _ ........ .
<br /> holJers or prior bene(iciarics undcr any prior deed of trust or mortgage nciorc the uacc i���r�������"���..., -.._ -
<br /> promptly pay and discharpc �ny and alI othcr licns, claims or charges wliich may jcoparditc thc sccurity 9rantcd
<br /> ' hercin, it rn,seo�ra�i:co makc any such payrnent or fails to perform any of thc eovenants and a�recmcnts eon•
<br /> tained in thisTrust Occd, or in any prior mortqapc or Jecd of trust,or i( any aetion or proeccding iscommeneed
<br /> � whiCh materially a((CCts Ocne(iciary�s interest in lhc PropertY. includinc�,but not limited to, Cm inent domain pro-
<br /> � cecdings, or procecdingt involving a decedent,or if Trustor�fails to paY�rustor's debts 9enerally as thcy become due,
<br /> then flene�:eiarv,at 8ene(iciary�s option and without noticc to or demand upon 7rustor and without rcicasing
<br /> Trustor trorn onY obliqation hcrcundcr,may makc :uch a�pcaranCes,disbursc such sums and wkc such aetion as is
<br /> � ' nCCCSS�ry to protect Uene(iciary�s interest, includ�ng,but not limited to,disbursement of reason��le attorney�s tees,
<br /> �� �1ymCni,purChasc, Co�tCSl or COmpromisC of any cntumb�ancc, thargc or licn, 0nd C�try upon thC P�operiY to
<br /> � �' make repoirs. In ttic cvent that�Trustor st�all fail to procure insurancc or to paY taxes, asscssments, or �ny olhcr
<br /> � �lev 7/0�1 f�.,q�•:'„r 1;
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