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y DIDW.14 WV4101 1Drx
<br />together with (i) all buildings, structures, additions, enlargements, modifications, repairs, replacements, and improvements now or hereafter
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<br />located thereon, (fi) all equipment, machinery and fixtures (including, without limitation, all fighting, heating, ventilating, cnoling air
<br />sprinkling and plumbing fixtures, water and power systems, engines, boilers, ranges, ovens, dishwashers, mirrors and mantels,
<br />corpWV, furnaces, oil burners, elevators and motors, refrigeration plants or units, communication systems, dynamos. transformers, electrical
<br />equipment, storm and screen windows,doors, awnings and shades) now or hereafter attached to, or built in, any building or improvement
<br />now or hereafter located thereon, (+k) aft easements and rights of way appurtenant thereto, (w), all leasehold estate, right, title and interest of
<br />Trustor in and to all es, whether now or hereafter existing or entered into (including, without limitation, all cash and security deposits,
<br />advance reroft and deposits or payments of a similar nature), pertaining thereto. (v) all rents, Issues, profits and income therefrom (subject
<br />to the right of Trustor to collect and apply such rents, issues, profits and income as they become due and payable so long as no event of
<br />default exists her ), (w) of royalties. mineral, oil and gas rights and profits, water, water rights, and water stock. (we) all tenements,
<br />and appurtenances belonging, used or enjoyed in connection therewith, and (vii)) aft proceeds of conversion,
<br />voluntary or involuntary, of any of the foregoing into cash or liquidated claims (including, without limitation, proceeds of insurance and
<br />condemnation awards), all of which is hereinafter collectively called the "Trust Property"
<br />TO PROTECT THE SECURITY OF THiS DEED OF TRUST, TRUSTOR COVENANTS AND AGREES AS FOLLOWS:
<br />1. Tom. Tnistor covenards, warrants and with Beneficiary, its successors and assigns, that Trustor owns the Trust Property free
<br />ircm any prix Wn or encumbrance, that its Deed of Trust is and will remain a valid and enforceable first lien on the Trust Property,
<br />Mat Tirustor, at is expense, will preserve such We and will maintain this Deed of Trust as a first and paramount lion upon the Trust
<br />Property aril will forever warrant and defend the validify and priority of the lien hereof against the claims of an persons and parties
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<br />whomsoever . Trustor, at its expense, will cause this Deed of Trust, and each amendment or supplement hereto, to be filed and
<br />recorded as a mortgage of the Trust in such manner and in such place and will take such action as in the opinion of Trustee
<br />may be reqund by any present or future law in order to perfect, maintain and protect the lien of this Deed of Trust, as the same may
<br />be or supplennented from time to nine. Trustor will make such further assurance or assurances to perfect its title to the Trust
<br />Prgporty as may be required by Beneficiary. Trustor hereby relinquishes aft right of dower and homestead in and to the Trust Property.
<br />2. Payment of Indebtedness. Trustor shams punctually pay the principal of and interest an the Indebtedness secured hereby.
<br />3. C4insombon of Improvements. Trustor ~ complete in good and workmarxike mariner any buildings, improvements or repairs relating
<br />owwo which may be began an the Trust Property or contemplated by the loan evidenced by the Note secured hereby, to pay when
<br />due all costs and incurred ftirelore, and not to pemtt any construction lien against such Trust Property. In the event
<br />of buddings, WWrovements or repairs are contemplated, Trustor also agrees, anything in this Deed of Trust to the contrary
<br />(a) to pfornpuy commance any such work and to complete the proposed improvements promptly, (b) to complete the
<br />sarno in accordance with V* plans and specifications as approved by Beneficiary, (c) to comply with all the terms of a building loan
<br />arearnight, it any, between Trust arid Berieftiary, the forms of which are incorporated her" by reference and made a part hareot,
<br />(d) to allow Beneficiary to inspeci the Trust at all was during construction, and (e) to replace any work or materials
<br />unsensfectory to Beneficiary within fifteen (15) days after written notice from Beneficiary of such fact.
<br />4. Funds for Pay~ of Charges. Subject to applicable law or to a written waiver by Beneficiary, Trustor shall pay to Bonefirlary on the
<br />MV day of each monffi, or such other date each month as may be specfhed by Beneficiary, until the Indebtedness is paid in full, a sum
<br />(horemefter c the "Funds ") equal to 1/12th of the yearly taxes and assessments which may attain priority over this Deed of Trust
<br />on the Tn.W Property, if any, plus 1112th of the yearly premium installments for hazard insurance, plus 1.12th of the
<br />for mortgage insurance. If arty, all as reasonably estimated initially and from time to time by Beneficiary on
<br />ft basis of reasonable estimates thereof The Funds shelf be hold in an institution, the deposits or
<br />accounts of which am insured or guaranteed by a federal or state agency including Beneficiary. Beneficiary shall apply the Funds to
<br />pay said taxes, . invoonce premiums and ground rents. Beneficiary shall not be required to pay Trustor any interest or
<br />ewnoW or go F to Trustor, wNhout charge, an annual accounting of the Funds showing credits and
<br />debils to the F the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for
<br />F Me lridebletfriess secured by On Dead of Trust, N ft amount of the Funds held by Beneficiary, together with the future monthly
<br />#MMlinefft of Funds payable PrW to the due dot of taxes, as"ssmerds, insurance premiums and ground rents, shaft exceed the
<br />to pay said taxes, assessments, insurance premiums and ground rents as they fall due, such excess shaft be, of
<br />Truslor s to Trualcir or cm~ to Trustor against future monthly installments of Funds If Noe amount of
<br />Me Futids tWd by Beneficiary shail nW be suet to pay taxes, assessments, insurance premiums and ground rents as they tali clue.
<br />Thator OW pay to asnooRcrory any Amount necessary to make up rite deficiency within thirty days horn the date r"we is rnaihrd by
<br />soneficlary to T. Payment theroof Upon Payment in full of all Indebtedness. Senefaciary Shall prompt y refund to
<br />Trusw any Fundshiw by If the Trust Pr is rho power of sale err this Trusf Mc rty ly CNhemr §e acgvired
<br />by Beriefictsfy, Beneficiary WW apply, immedwirly prior to the male of Nee Trust Property car .7a acqu sirrw7 by Henefrc,ary, eaoy Funds
<br />hold by ry of of ')a as a Credit againttl the Indebtedness. if t netna� ?wry �y "tii�5 a Ml tttf n Wi$i VEn! ( }@ T rrrg ,r 5
<br />ob011souns spidw this paragraph 4, Fruslor covenants and agrees to pay tieforo rho same tw vvo di iifirplem. ah takes_ asssyssmA+nts_
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