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200313755
<br />All of the rents, issues and profits, including all rents, royalties,
<br />bonuses and benefits under any existing or future oil, gas or mineral or
<br />other leases; all easements and rights of way; all rights of homestead
<br />and homestead exemption and any surviving spouse's marital or distribu-
<br />tive share, and all other contingent rights in and to said premises; and
<br />All fixtures, improvements, buildings, and the plumbing, heating,
<br />ventilating and lighting systems and equipment therein, all of which
<br />shall be construed and considered as affixed to and part of the real
<br />estate.
<br />All of the foregoing estate, property and interest hereby conveyed to the
<br />said Trustee is hereinafter collectively referred to as the "Property."
<br />TO HAVE AND TO HOLD the same unto the said Trustee, Trustee's successors
<br />and assigns forever, IN TRUST HOWEVER and WITH POWER OF SALE hereby expressly
<br />granted unto the said Trustee, Trustee's successors, and assigns for the
<br />purpose of securing:
<br />(a) The payment of Trustor's just indebtedness to Beneficiary in the
<br />principal sum of Forty -four Thousand Twenty -nine and No /100 Dollars
<br />($44,029.00) for money borrowed, with interest thereon, all as evidenced by
<br />and in strict accordance with the terms of that certain promissory note
<br />hereinafter called the "Note ", bearing even date herewith made payable to the
<br />order of Beneficiary, executed by Sharon Mutter, and providing for the
<br />payment of said indebtedness in installments, subject to acceleration of
<br />maturity on default in the payment of any installment of principal or
<br />.interest or in the performance of any covenant, agreement or warranty
<br />contained in this Deed of Trust;
<br />(b) The performance of each agreement, covenant and warranty of Trustor
<br />herein contained or set forth in the Note or any agreement or instrument
<br />executed by Trustor in connection with the indebtedness hereby secured; and
<br />(c) The payment of any sum or sums of money with interest thereon which
<br />may be hereafter paid or advanced under the terms of this Deed of Trust.
<br />NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF TRUST, Trustor
<br />does for Trustor and for Trustor's heirs, representatives, vendees,
<br />successors and assigns, the owners of said Property, hereby expressly
<br />covenant, agree and warrant to and with the Trustee and Beneficiary, and
<br />their successors, vendees and assigns:
<br />First: That the Trustor hereby covenants and agrees, to the extent
<br />permitted by law, as follows: (a) to pay promptly when due the principal and
<br />interest and other sums of money provided for in the Note and in this Deed of
<br />Trust; (b) to promptly pay before delinquency all taxes, assessments and
<br />other charges imposed by law upon the Property, the Trustor's interest
<br />therein, or upon this Deed of Trust or the Note. Taxes shall be paid to
<br />Beneficiary on a monthly basis and placed in escrow. The initial payment
<br />shall be $35.00 per month for taxes, which shall be adjusted as needed;
<br />provided, however, that in the event of any change of the law providing for
<br />the taxation of deeds of trust or debts thereby secured so as to affect this
<br />Deed of Trust, the entire indebtedness secured hereby shall at the option of
<br />the Beneficiary become due and payable; (c) to keep the above - described
<br />Property and the improvements thereon in good condition and repair and not to
<br />commit or suffer waste thereof, and except as authorized in any schedule
<br />annexed hereto and forming a part hereof; (d) to maintain and deliver to
<br />Beneficiary policies of insurance against such hazards on the buildings and
<br />improvements now or hereafter located on or constituting a part of the
<br />Property as the Beneficiary shall require, in such companies and amounts and
<br />with such loss payable clauses as shall be satisfactory to the Beneficiary;
<br />that in the event of loss, Beneficiary is expressly authorized to settle or
<br />compromise claims under said policies and the proceeds thereof shall be paid
<br />to the Beneficiary who may apply the same or any part thereof on the
<br />indebtedness secured hereby or toward the reconstruction or repair of said
<br />buildings and improvements or release same to the Trustor; (e) to pay any
<br />lien, claim or charge against the Property which might take precedence over
<br />the lien hereof; (f) to pay on demand all legal expenses, title searches,
<br />appraisal or attorneys' fees reasonably incurred or paid by Beneficiary to
<br />collect the Note or foreclose or protect the lien of this Deed of Trust; (g)
<br />that in the event Trustor shall fail to comply with the provisions of (a)
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