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<br /> � ', ' ,` 2, �]„�. Truetor is th� orr�ner af the Froperty, has the �
<br /> _ � ��'� .�• � � right and autharity to convey �he Propert� and warrante tYrat the
<br /> � ` � lien created hereby is a Eirst and prior liea an the Propeity and �
<br /> ' � �� the execu�fon aad delivexy of the Deed of Trust c�oes nat violate � � . . � ,
<br /> � � , ��f�° ' any contract or other ob2igation to which Trastor is subjecC. � ° � , ti
<br /> � `
<br /> - ----_ _ ° � �;:.,��,._
<br />- - ' -_ ' 3. � T sc Ass�ssments_ �'o pay before deliaquent all taxes. _,�_._ _ .__,�.�-
<br /> � ' . � � special assesements amd all other charges againet the Property , . �.;4 '
<br /> . • •�`. ��
<br />_ � ¢ <' �. no�r ar hereafter levied. , .
<br /> � .. . _� 4. �-,�urance-. To keep the Property insured against da�uage �':�� �:}.,".-�? ''�.
<br /> � � ' by fire hazazds included with the texTa "extended coverage° and ' �•: • -�- � �:_
<br /> t�`;.r1�:=��a���`e l:
<br /> • � such other hazards a$ Lender may require in amounts and with cem- 'r•�� � Y
<br /> . � - . p a n i e a acce ptable to Lender, naming Lender as arl additional named -;:��; i, �
<br />- , � � :� � � • . insured with loss payab].e to the Lender. In case of loss uader ``�.'�� '
<br /> � " • �� suclZ policies, the Leader is authorszed to adjuat, collect and , ,
<br /> � � . compromise a}.l claims thereunder and shall �ave the option of . ,
<br /> . • applying all or part of the iasurance proceeda (i) to any indebt-
<br /> ,. � - edaeae secured hereby and in such order as Lender may determine,. ___
<br /> � ;,� : � (ii) ta the Truetor to be usec� for the repair or restaration of �_^._____
<br /> �-� �° � � the Pro�erty ,_ or tiii2 €or any other purpose or object eatisfac-� . . _____
<br /> ._.-:-.---..--_..�--- �- ------ � ----�----�--�-
<br /> -
<br /> ---
<br /> • ` tory �to Lenc�er wi�liout-��t�fe�ti:ng��the-�l-ien--of--this--Deed.o ��-�r.ust-. -.- -- -.... .
<br /> � • ' for the full amount secured hereby before such paym�nt eder took � �-- --
<br /> �� � . glace. Any application of proceeds to indebtednesa shall not • _
<br /> ` extend or postpone the due date of any payments under th� Note, ,
<br /> . - --- � . - or cure any default. thereunder or_ here�nder. �
<br /> . . - �:-
<br /> � �. 5. Esc ow. Trustor shall pay to Lender, in such manner as ����___�
<br /> � �� � � � Lender may deaignate, sufficieat sums to enable Lender to pay as ��__ _
<br /> � ��"` " ,`` ` - . they become due in respect to all taxes, assessinents and �cther --�-�
<br /> :�=
<br />� ' ' -� charges against the Praperty. Further, upon �vritten demand by -
<br /> ' . . � Lender, Trustor ahall pay to Lender, ia such manner as Lender may � �.
<br /> - designate, sufficient sums to enable Lender to pay as t�ey become .�"
<br /> � � �' �• . due, one cr more of the following: (i) the pxemiums on the prap- .�,., --
<br />` � erty inaurance required hereunder, and (ii} the premium9 on any ;;�_
<br /> " � . ' moztgage insurance r�quired by Lendez. . �___
<br /> .. ;ra ^nd Comnliance wit Laws. TrustOr '' �
<br /> -- . g. - „a�n�enance Rej�,. �.�
<br />-_., � � ahall keep the ProperLy in good condition and repa�►s; shall _ .*►•.�
<br />_. � . '. promptly repair, or replace, any improvement which may be damaged , ,r,,��
<br />_. � � ' or deetroyed; shall not commit or permit any waste er deteriora- ��
<br /> � . � . tiort of the Property; shall not remove, demoliah or subatantially _
<br /> -" � � - � -- a].t�r a�y of the improvements on the Property; shall no� commit, �
<br /> � � suffer or permit any act to be done in or upon the Property in ����:—
<br /> � � . � vfolation of any law, ordinance or regulation;. and shall promptly _ -.-
<br /> - - discharge at Truator'a cas� and expenae alg liens, encumbrances
<br /> , and charges levied. imposed o= assessed against the Property or -;�-�_.:
<br /> :�. � . _ . ..,, . anY Part thereof. .;�t�;,•:::.
<br /> : Z ' �� • � �_ F,,,;nprr nomain. Leader�is hereby aseignecl all compe�sa- � �. - .
<br /> ` ' � � tion; awards, damages and other payments or relief (hereinafter . . ► '
<br />= � � �..�- "Proceeds") in connection with condemnation or other taking of
<br /> : �. . the Property or part thereof, or for conveyance in Zieu of con- . .� ��
<br />��� : demnatiol�. I�ender shall b� entitied at its option to commence,
<br /> � � . � �, appear in and pxosecute in its own name any action or proceed- .a
<br /> , ' . . � � inga, and shall also be enCitled to make any compromise or set- � = � .
<br /> ��
<br /> - � � ' � tlernent in connection with siach taking or damage. Ig the event ��.
<br /> �� � � � . � . � any portion of the Property i�s so..taken or damaged, Lender shall ,�
<br /> ��` �. + , have the option, it its sole and absolute discretioa, to apply � �A_. :
<br />- ` � � � all such Proceeda, after deducting therefrom all costs and . •�'�t
<br /> -- ��� � � expensea incurred by it ia connection with auCh Proceeds, upan F �'r`' ��'�
<br />-�:'�� . ' any indebtedness secured hereby and in such order as Lender may � •� �•`
<br /> - determine, or to apply all such Proceeds,. after such deductions, E • : ; ��;
<br /> -. � :. : � to the restoratioan of the Property upon such condition9 as Lender � . : ��;.
<br />- may detexmine. Any applicat�on of Proceeds to indebtedness shall ,
<br /> - : � , ' _._ ._ : _ not extend or postpon� the due date of any paytnents under the � , i� `
<br /> - - �. ' � . � Note, or cure any default thereunder or hereunder. Any �napplied s � . � �
<br />:;�'� ' � • � ' funds shall be paid to Trustor. '. �
<br />-��._ � . . �� • : •
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