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<br /> ,,,,-*.r=v�.�� All oE the ronte, ieoue�s and profi�a, including a11 ren a, royalC .oe, ,
<br /> =�•�u�•��:����. banueee and benefit� under any ex�.aeing or fu�ure oil, gae ar ��nex�l or �'.,r���N4
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<br /> n��..: :<��- o�hex leasea j all easementa and rights of way j all right� a£ homeHtead -,e.-_
<br /> ;��,:,�_�,i;;;� and hnme�te�d exemp�ion and any surviving �poueo's mariCal or di�tx•ibu- ��•�:�`�_,:
<br /> _- --�-=s�f'• tive �hare, ar�d all othe�- contingenti righ�e in and �� eaid pr�misep; and s�� ��
<br /> n.3a,s
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<br /> `�'Y All fix�urea, impxovemente� buildinge, and Gh� plumbing, heatxng, S -v—
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<br /> -14�,%*'�°��' ventilating and lighting eyeteme and equipment thez�ein, all of which ___
<br /> Ii�",..;.� aha11 be conetrued and corieid.ered as affix�cl to and part of Ck�e rQal ;,,�
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<br />-���,tia��,tC __ :: All o£ the foregoing eetate, property and intereet hereby canveyed to the
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<br /> said Truetee is hex�einafter collzcti�aly ref�zr�d to ss the "PrnneYtV." ___
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<br /> z�;;�;y_�„ , Trustee' s sur,ceaeora
<br /> ;,�: � .; PO HP,VE AND TO HOLD the same unto khe said Trustee,
<br /> ^ �•����` and aesi s forever, IN TRUST HOWGVER and WITH POWER OF SAI,� hereby expreeely
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<br /> .�,_::_• '� granted unto th� �aid Truetee, Tru�t.ee'a succeeeors, and aeeigns �or the , _
<br /> � }��1�•-�(• purpose of aecuring:
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<br /> =;,.�w,_,��;� ,�, (a) The payment of Trustor' � juat indebtednesa t'o Beneficiaxy in the W_
<br /> ��'� ' �'�.:; princ�pal sum of Forr_y-Eive Tlzoueand Dollare ($45,000.00) £or money bo�rowed,
<br /> ;.,;.�;a �-=:, ;;:, with interest thereon, all as evidenc�d by and in atrict accordanc� wi�ch Ch� _____
<br /> .;�,' ,��_ •Y terma of that cer�ain promiesory note her�inafter called the "Note", beaxing
<br /> �-� ' even dat� herewith made payable to the ordex of Beneficiary, executed by
<br /> ;� ',;,i..� -=, Dauglaa G. Hor�chouer and Charlene Hoschouer, hueband and wife, and providing ,-r=
<br /> �� for th� payment of said indebtedness in inatallments, subject to accelera�.ion
<br /> -.`� � of maturity on deEault in the payment of any inatallmEnt of princi�al or
<br /> :k• ].ALC:Z'Ctii. vx iia �Y'i8 N.^..:�.�.m:�nna nf anv c!t�vPtl3nL', agreement OY w�rranty
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<br />� ;;.�., . .� contained in this Deed of Trubt;
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<br /> �<<:�±:' � � (b) The pexformance of each agreement, covenant and warranty of Truator
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<br />_,,,:.,, ., -,;��� ,�..�.,�, herein contained or set f_orth in the Note or any agreement or inetrument
<br /> -- � - ��'•" executed by Trus�:or in connection with the indebtednese hereby secured; �n�l
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<br /> ��rn''j��r^' (c) The payment o� an,y sum or sums of money with intierest thereon which `
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<br /> -��:.,.,R.:;��,w� . may �e hereafter �aid or advanced under the terma of thie Deed of Truet. �_�___
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<br /> �`�" � ` NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, 'Truetor -
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<br /> '°� •' +���t does for Truetor and for Trustor's heire, representative�, vendeee, �.�.,�_
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<br /> �,�...:.t�s,�..�,,,,,e.,� successors anci aesigns, the owners of said Proper�y, hereby expreeely �•:tw�_ .
<br /> �._;.,.—;,..r,..,�� covenant, agree and warrant to and with the Trustee and Benefi�iary, and ;,,�,.�=
<br />;'';� .:,t.•.�} , their succee�ors, vendees and a�eigns: '�,;;��:;:; :
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<br /> • � i.rot: That the Trustor hereby covenants and agrees, to the extent
<br /> ��� . permitted by 1aw, as followe: (a) to pay promptly when aue the principal and �;�,.i .
<br /> " "' in�ereet and other sums of money pruva.decl for in the Note and in this Deed of .,:..,.
<br /> ... z..' T�usti; (b) to promptly pay before delinqt�ency atl taxes, aesessmen�e and <i'`�" ,'
<br /> '" �'�` `�w other ch�rges impoeed by law upon the Property, the Trustor's interest �� •
<br /> �-+�E ' �''„--��:-��'- therein, or upon thia Deed of Trust or the Note; provided, however, that in
<br /> � ��������:: '�-�°�; the event of any change of the law providing for the taxation o£ deede of
<br /> � "' t:cust o.r debts thereby seGUred so as to affect thia DeEd of Tru�t, rhe entire
<br /> �� k indebtedness secured hereby shall at the option oL the Beneficiary become due
<br /> ' . ��,� and payable; (c) to keep th� above-deacribed Property and the improvements
<br /> . ��' �N thereon in good condition and repair and not to commi� or auffer waete
<br /> �` ' thereof, and except as authorized in any schedule annexed hereto and forming .
<br /> •"�"' . �?: . a art hereof; (d) to maintain and deliver to Beneficiary policies oE i
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<br /> . ,., ,,.;�:�..3�.. inaurance againet such hazards �an the buildings and improv�ments now or �,:
<br /> �_; •� • �`• � � ' her��fter located on �r conetituting a part of the Property as the Beneficia-
<br /> -__��� ry ehall require, in such compan�.ee and amounts and with such loas payable ,
<br /> _ .1�'�. cl.ausee as shall be eatiafactory to the Beneficiary; that in the event of I
<br /> � 1oss, Beneficiary is expresaly authorized to settle or compromi�� claims I .
<br /> - f���_ �__ _� .,...,: ��,a ,-�,e ,.,r„�A��o tharanf ahal 7 hP naid to the Beneficiarv
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<br /> :..:;.��:°:SS. -- .. U31uct oa.�.0 Nv.��...�..., r...-__--- -------- ------- - i_..--
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<br /> �„j,.,,,,� who may apply the same or any par.t thereof on the indebtednese eecured h�reby
<br /> ; r•,r�:`` ' or toc;ard th� re^_onptr.�lr.tion or repair of said buildinga and improvements or ,
<br /> - ��� ����-�;��. releaee same to the Trustor.; (e) r_o pay any lien, claim or charge agaiust the
<br /> " . Propexty which might talce precedence over the lien hereof; ;f) to pay on
<br />—'" '' - S� demand all legal expenaes, titl.e searches, appraisal or attorneys' fees
<br /> � ° �� . reasonably incurred or paid by Beneficiary to collect the Note or forecloae
<br /> - or �rotect the lien of thi� Deed of Truet; (g) that in the event Trustnr
<br /> .� sha11 fail to comply with the provisione of ia) through (f) above, the �
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