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200315697
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200315697
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Last modified
10/16/2011 9:52:02 AM
Creation date
10/28/2005 4:36:38 PM
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DEEDS
Inst Number
200315697
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200315697 <br />C. He will pay such expenses and fees as may be incurred in the protection and maintenance of said <br />property, including the fees of any attorney employed by the Beneficiary for the collection of any or all <br />of the indebtedness hereby secured, of such expenses and fees as may be incurred in any foreclosure sale <br />by the Trustee, or court proceedings or in any other litigation or proceeding affecting said property, and <br />attorney's fees reasonably incurred in any other way. <br />d. The rights created by this conveyance shall remain in full force and effect during any <br />postponement or extension of the time of the payment of the indebtedness evidenced by said note or any <br />part thereof secured hereby. <br />e. He will continuously maintain hazard insurance of such type or types and in such amounts as the <br />Beneficiary may from time to time require, on the improvements now or hereafter on said property, and <br />will pay promptly when due any premiums therefor. All insurance shall be carried in companies <br />acceptable to Beneficiary and the policies and renewals thereof shall be held by Beneficiary and have <br />attached thereto loss payable clauses in favor of and in form acceptable to the Beneficiary. In the event <br />of loss, Trustor will give immediate notice in writing to Beneficiary and Beneficiary may make proot' of <br />loss if not made promptly by Trustor, and each insurance company concerned is hereby authorized and <br />directed to make parent for such loss directly to Beneficiary instead of to Trustor and Beneficiary <br />jointly, and the insurance proceeds or any part thereof, may be applied by Beneficiary at its option either <br />to the reduction of the indebtedness hereby secured or to the restoration or repair of the property <br />damaged. In the event of a Trustee's sale or other transfer of title to said property in extinguishment of <br />the indebtedness secured hereby, all right, title, and interest of the Trustor in and to any insurance <br />policies then in force shall pass at the option of the Beneficiary to the purchaser or Beneficiary. <br />f. He will keep the said premises in as good order and condition as they are now and will not <br />commit or permit any waste thereof, reasonable wear and tear excepted, and in the event of the failure of <br />the Trustor to keep the buildings on said premises and those to be erected on said premises, or <br />improvements thereon, in good repair, the Beneficiary may make such repairs as in the Beneficiary's <br />discretion it may deem necessary for the proper preservation thereof, and any sums paid for such repairs <br />shall bear interest from the date of payment at the rate specified in the note, shall be due and payable on <br />demand and shall be fully secured by this Deed of Trust. <br />g. He will not without the prior written consent of the Beneficiary voluntarily create or permit to be <br />created against the property subject to this Deed of Trust any liens inferior or superior to the lien of this <br />Deed of Trust and further that he will keep and maintain the same free from the claim of all persons <br />supplying labor or materials which will enter into the construction of any and all buildings now being <br />erected or to be erected on said premises. <br />h. He will not rent or assign any part of the rent of said property or demolish, remove, or <br />substantially alter any building without the written consent of the Beneficiary. <br />9. In the event the Trustor fails to pay any federal, state, or local tax assessment, income tax or <br />other tax lien, charge, fee, or other expense charged to the property hereinabove described, the Beneficiary is <br />hereby authorized to pay the same and any sum so paid by the Beneficiary shall be added to and become a part <br />of the principal amount of the indebtedness evidenced by said promissory note. If the Trustor shall pay and <br />4 <br />
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