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200313992
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200313992
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Last modified
10/16/2011 8:12:03 AM
Creation date
10/28/2005 3:59:57 PM
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DEEDS
Inst Number
200313992
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200313992 <br />b. Payment of all sums advanced by Beneficiary to protect the <br />Trust Estate, with interest thereon at the rate of Eight percent (8 %) <br />per annum. <br />This Deed of Trust, the Note, and any other instrument given to <br />evidence or further secure the payment and performance of any <br />obligation secured hereby are referred to collectively as the "Loan <br />Instruments." <br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br />1. Payment of Indebtedness. Trustors shall pay when due the <br />principal of, and the interest on, the indebtedness evidenced by the <br />Note, charges, fees, and all other sums as provided in the Loan <br />Instruments. <br />2. Taxes. Trustors shall pay each installment of all taxes and <br />special assessments of every kind, now or hereafter levied against the <br />Trust Estate or any part thereof, before delinquency, without notice or <br />demand, and shall provide Beneficiary with evidence of the payment of <br />same. Trustors shall pay all taxes and assessments which may be <br />levied upon Beneficiary's interest herein or upon this Deed of Trust or <br />the debt secured thereby, without regard to any law that may be <br />enacted imposing payment of the whole or any part thereof upon the <br />Beneficiary. <br />3. Insurance and Repairs. Trustors shall maintain fire and <br />extended coverage insurance insuring the improvements and buildings <br />constituting part of the Trust Estate for an amount no less than the <br />amount of the unpaid principal balance of the Note (co- insurance not <br />exceeding 80% permitted). Such insurance policy shall contain a <br />standard mortgage clause in favor of Beneficiary and shall not be <br />cancellable, terminable, or modifiable without ten (10) days' prior <br />written notice to Beneficiary. Trustors shall promptly repair, <br />maintain, and replace the Trust Estate or any part thereof so that, <br />except for ordinary wear and tear, the Trust Estate shall not <br />deteriorate. In no event shall the Trustors commit waste on or to the <br />Trust Estate. <br />4. Actions Affecting Trust Estate. Trustors shall appear in and <br />contest any action or proceeding purporting to affect the security <br />hereof or the rights or powers of Beneficiary or Trustee, and shall pay <br />all costs and expenses, including cost of evidence of title and <br />attorneys' fees, in any such action or proceeding in which Beneficiary <br />or Trustee may appear. Should Trustors fail to make any payment or <br />to do any act as and in the manner provided in any of the Loan <br />Instruments, Beneficiary and /or Trustee, each in its own discretion, <br />without obligation to do so and without notice to or demand upon <br />2 <br />
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