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QQ _ 102,948
<br />1. payment of Indebtedness. To pay when due, th@I cipal of, and the interest
<br />on, the indebtedness evidenced by the note, charges, fees and all other su:..., as pro-
<br />vided in the loan instruments.
<br />2. Title. Trustor is the owner of the property and has the right and authority
<br />to execute this Deed of Trust in respect to the property.
<br />3. Taxes and Assessments. To pay, when due, all taxes; special assessments
<br />and all other charges against the property, before the same become delinquent, end,
<br />in the event Beneficiary shall so require, to add to the payments required under
<br />the note secured hereby, such amount as may be sufficient to enable Beneficiary to
<br />pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real
<br />estate described herein insured against damage by fire and such other hazards as
<br />Beneficiary may require, in amounts and companies acceptable to Beneficiary, and
<br />with loss payable to Beneficiary. In case of loss under such policies, Beneficiary
<br />is authorized to adjust, collect and compromise, in its discretion, all claims "there-
<br />under and, at its sole option, is authorized to either apply the proceeds to the
<br />restoration of the property or upon the indebtedness secured hereby, but payments
<br />required by the note shall continue until the sums secured hereby are paid in full.
<br />S. Repair, Maintenance and Use. To promptly repair. restore or rebuild any
<br />buildings or improvements now or hereafter on the property; to keep the property
<br />in good condition and repair, without waste and free from mechanics or other hens
<br />not expressly subordinated to the lien hereof; to not make, suffer ior ,permit ,ar:y
<br />nuisance to exist nor to diminish or impair the value of the property by any act
<br />or omission to act; and to comply with all requirements of law uitfn respect to tfne
<br />property.
<br />S. Condemnation. in the event the property, or any part tt,,er }of, stall be
<br />taken by eminent domain, Beneficiary is entitled to collect and receive all ro^ipensa-
<br />tion which may be paid for any property taken or for damages ir, property not taken.
<br />and Beneficiary sahll. apply such compensation, at its option. either to a reductlon
<br />of the indebtedness secured hereby or to repair and restore the pr,�perty _ taken.
<br />7, performance by Beneficiary. Beneficiary nay, that fnall Nave no cnbli.gati,n
<br />*_a, do any act which Trustor has agreed but failed to do. arno Eeneficiary may also
<br />do any ant it deems necessary to protect the lien hereof. Trustor agrees to repay,
<br />upon demand. any sums so expended by Beneficiary for the abcve pur:pulGes, and :ray
<br />sum so expended by Beneficiary shall be added to tte indebtedness secured r)er —Eby
<br />and become secure) by the lien hereof. PQrieficiary nct incur any personal
<br />liability because cf anything it may do or csut to do "ereu ^der.
<br />B. n!' Rents. Beneficiary chall have ti i� rimer t, pct„.A= and authority
<br />during trse of this Deed of Trust to collect the it5t.; _,es and pr -ofits
<br />of the ,:7rnperty and of any personal property located therein _rith rr vittncut takir~G
<br />pc 5essiw�r3 Qf Ihr' Prol',lerty affect>d hereby, and Trustor r)ereby
<br />tior'Ially a",,Llcjns 31.1 such rents. isE.ur?,, and profits tD reorvl'r`ciar'y. 2enefi:ra3ra,
<br />however. nereuy cr;n ;e'lts to TruStorr s collection and retent -un of' Si ucyT
<br />and profit,, ai; they accrue and become payable, so long an Trta�,ter s r:ct, at
<br />time. in default with respect to payment of any indebtednes_, secured "ereby, or sr:
<br />the performance of any agreement hereunder. if any event of default described tere-
<br />after in respect to this Deed of Trust shall have occurred and be ccnf.inuinq, Ecnefi-
<br />ciar.y. as a matter of right and without notice to Trustor or anyone claimir.g under
<br />Trustor, and without rogard to the value of the trust estate or the interest of` then
<br />Trustor therein, shall have the right to apply to any court havina jurisdiction to
<br />appoint a receiver of the property.
<br />9. Transfer of property. If all or any part of the property or ,any interest
<br />of Trustor therein is sold, transferred or further encumbered without the express
<br />or written consent of Beneficiary, Beneficiary may, at its sole option, ueclare all
<br />sums secured by this Deed of trust to be immediately due and payable and preccec.
<br />to the rermediey available to it under the default provisions contained herein.
<br />10. Events of Default. Any of thv following events; shall be :deemed an r.von,
<br />of crefrault herrurir.!rrt
<br />(se} Trustor ;;h)] 1 rnvc failed to make payment. of ,u , l,,_
<br />rstallmr- )f' i.ntererut, nrinci;ptii or principal and int: rr! -t o,
<br />•arty othr!r ";otwj r, ;orurr ?d hi reby whF'!n "JkJE i
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