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<br /> ` =� to B e n e Sciary. I f t h i s Deed of Trust#s forectased or the Sui�}ect Pro p e ri y is sold t �- -��.�- :
<br /> �� t �s� pursuant h�o at a tr�tee's or ath�r sa�the purrliaser at the forectosune,tsustee's s 44= �-'
<br /> ` �' t�';.�, or other sale st�all,a�er the exgiration of atry statutory p�Iod of redemption, : � :Qa �. `_:
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<br /> � become the sole and absohue owner af any and atl such alicies wifli the solz right ` S � f-
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<br /> °_�:G to coltect and retain all uneanted pr�niums tltet+eon, for this p�upose Grantor :� �e -
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<br /> "Y�� �y assagns end grants a se�urity.interest in said policies and uneamed premiums ° ;`' _
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<br /> �:` . Y give writben not�ce `� ` `-� `'
<br /> � . In the event of lo�s Grantor shall immediatel `: •
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<br /> °� �, ;��• c i a i ffi s t o r l o s s,d a m a g e o z d e s t�u c t�a n u n d e r,an�d to oo�and�eoeive all pro�eds �'" �' �` �.
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<br /> M � ' z�•.: of,any policies of hazard and casualtq ins�ranre a�aintained p�t hereto; � `��st:f���`,F
<br /> � ` >�': , .::� that if no eve�t aaf default then e�asf�hereunder Henefictary '
<br /> � _ r -.:•.� prQVided,however, ary ` , { s 7, -
<br /> r x F� '� N�'� shall not settle,adjnst or compra�na�any such claini wittnout the prlor writt� � r: '�
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<br /> �S � �.� `� r s`��° � co�s�.t of Grantor,wh�a munsent shall nat be unreasonal�Iy withh�ld,conditiuned . . :�� ����,�
<br /> ,�,`: � � fi��:;` , or de�ayed:and pravided further that if no enent of default theR��der . �{ �i L F�.�_ ---
<br /> .� w..: .::.;:•:-:•� and tt�loss is less than$100Aa0,Grantor may make pmof of loss,and settte,adjust ` °' ' a;_
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<br /> ; ;t� � Y�; � or compramise the claim for such toss,and collect aztd s+eceine all proceeds af � �,� r .�-v.�.-_ -
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<br /> � � �`�- u�surance on accoant thereof and use tUe same to pmmpttp restore or repair the , t ,;
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<br /> � :, < �,. .: • S���P�Y to the sanne�onditfon it was in priar to snch damage or d�ctia�n, , �..
<br /> , �;, `,,_ :-; � in which case Grantor sball pernnit Beneficiary and its rep�ntadves t�a ma1�e . ��� , � '; '.
<br /> ;,,,,�.,. : . ::�-r:_;_: , perlc�c insp�tiona to detier�a�ine that the resivaation or repair has been done as � 1 a., �.,:
<br /> ` < � '�` '` ` •: provided abuv� Grantor shall reiaa�urs�B�ctary:on dennand,for all cosfls and '3 '`� `.::.� °
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<br /> s-,,.;,;��: . exp�nses,induding but not limited to court costs and attanteys'fees,incu�rred�� �; `� ,
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<br /> .� ', ;c =�r� `:;� Benefidary itt ao�ut�Non therewith,plus intetest theireon from the date incun�ed�
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<br /> . � ` -,';:s`r the Default Rate sped8ed in the Note(hereina�ter referted to as"DefauIt�Tiafie'�. �ill' • '�=_.. --
<br /> ,'?'� 4-� px+oceeds of such insarance are h�rebq absalutely and'uncanditio�all�r assi�ned;and � '.a'- . ''
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<br /> ,:.,,;��;;"��T�:: `;, except as odterwise provlded above shall be paid,ta Ben�dary• Such p�o�s . ;�-� ,.
<br /> <<;',� , � sl�aU,at Beneflciary's option,be applied&st to the payment of aIl oosts and�expenses � " � �;`
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<br /> ,� , ��-:. i n c i u r e d by.Bene�d�ary i n o b t a�n i ng a u c h p r a c e e d s,a n d t he semainder p u;r e i�e a f t e r _
<br /> r.�. �pp eneflc�azy� op�.
<br /> _ :,_��;�;;..::r,:,�-�e_ referred to as'Net Iasuiaitce Pmc�eeds"�shali be lied,at H s on. . : v_-� -
<br /> `�_ , :-���: either to the reduct�on of#h�indeb�ess here6q s e c�u e d i�t s u c h or c t e r as . �,��;
<br /> ''' - � � = Benegeiaaq may elect,whe�her then dne and payable or not,or to the restoration or � _�
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<br /> � 4 ,-�f�' .. repair of the Subject Propertp,without affecting the lien of t�is De�of Trus�or the . _ --�—__-_
<br /> , ��' �ob3igattons of�rantor here�des. �int�erest.upon tlte entire indebtednesa s e c��e d
<br /> , �; ,` ." T. herebp ahall camtin�e unt�any such preceeds aze receive�and apglied to such� ��,�--
<br /> ' '�•:�.� indelstedness bp B�nefidarq.. P�g a decis�on as to the proper use and applic,�tian . .��
<br /> , : � :; �� of any insurance preee�ds,and durh►g any such restoratian or repair,HeneHc�as9 ` �-
<br /> t shalt not be liable�for i�rterest on such praceeds. If Bene�dary e�cts to applp�a�y . � ���'
<br /> � " ; � such�usance prooeeds to the restaraatton os repair of the Sub�ect Praperty ' s� ���.����
<br /> ,a�.shall ,,� + :
<br /> -; �. '",`�,: � not be liable for supervising such restoration or repair or¢ar snpenrisirg th� �,�:�=.=�;;,;�u,��.
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