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88105847
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88105847
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Last modified
3/9/2007 5:41:48 PM
Creation date
3/9/2007 4:42:53 AM
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DEEDS
Inst Number
88105847
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<br />~ 88- 105847 <br /> <br />(d) such other char.ges as the <br />reasonable for services rendered <br />furnished at the request of Trustor <br />interest to Trustor; <br /> <br />Beneficiary may deem <br />by Beneficiary and <br />or any successor in <br /> <br />(e) if such property includes a leasehold estate, all <br />payments and obligations required of the Trustor, or his <br />successor in interest, under the terms of the instrument or <br />instruments creating such leasehold, Trustor hereby agreeing <br />not to amend, change, or modify his leasehold interest or <br />the terms on which he has such leasehold interest, or to <br />agree to do so, without the written consent of Beneficiary <br />being first obtained, and <br /> <br />(f) all payments and monetary obligations required of <br />the owner of such property under any declaration of <br />covenants, conditions and restrictions pertaining to such <br />property or any modification thereof. <br /> <br />Should Trustor fail to make any such payment, Beneficiary, <br />without contesting the validity or amount, may elect to make or <br />advance such payment, together with any costs, expenses, fees or <br />charges relating thereto, including employing counsel and paying <br />his reasonable fees. Trustor agrees to notify Beneficiary <br />immediately upon receipt by Trustor of notice of any increase in <br />the assessed value of such property and agrees that Beneficiary, <br />in the name of Trustor, may contest by appropriate proceedings <br />such increase in assessment. <br /> <br />In the event of the passage of any law deducting from the <br />value of real property for the purposes of taxation any lien <br />thereon, or changing in any way the laws for the taxation of <br />deeds of trust or debts secured by deeds of trust for state or <br />local purposes, or the manner of the collection of any such <br />taxes, so as to affect this Deed of Trust, the holder of this <br />Deed of Trust and of the obligations which it secures shall have <br />the right to declare all sums secured hereby due as of a date to <br />be specified by not less than thirty (30) days' written notice <br />to be given to Trustor by Beneficiary, provided, however, that <br />such election shall be ineffective if Trustor is permitted by <br />law to pay the whole of such tax in addition to all other <br />payments required hereunder and if, prior to such specified <br />date, Trustor does pay such tax and agrees to pay any such tax <br />when hereafter levied or assessed against such property. <br /> <br />If requested by Beneficiary, Trustor further covenants and <br />agrees to deposit with Beneficiary on the first day of each <br />month, in addition to the installment payments provided far <br />under the Promissory Note, one-twelfth (1/12) of the anticipated <br />annual taxes, assessments and public charges, general and <br />special, levied and assessed against the premises. The Deposits <br />shall not bear interest and shall be applied by Beneficiary to <br />the payment of the taxes, assess~ents, public charges and <br /> <br />-7- <br />
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