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87105224
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Last modified
10/19/2011 12:04:32 PM
Creation date
3/27/2008 2:46:57 PM
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DEEDS
Inst Number
87105224
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M <br />A. The Trvatu tOovenant& and agrees as follows: <br />1052'; <br />a. fie win promptly pay the indebtedness evidenced by said promissory new at the Ummes asd M Ow <br />•eemor thermin prov' . <br />It. He will pay all texas, assesomento, water rates. and other governmental or municipal charges, ias% or <br />impsaiti►ns, for which provision has not been made herainbafere, and will promptly deliver ihs slicial <br />@Wpm Ilweller to the Blumficiary. <br />r. He will pay web expenses and fees a may be incurred in the protection sari aria of said <br />property, including the fees of any attorney employed by the Beneficiary for the collection of any or all of the <br />indebtedness hereby secured, or such expenses and fees as may be incurred in any foreclosure ale by the <br />'i%wee a, 6r court proceedings or is any other litigation or proceeding affecting aid property, MA eteerneye <br />Ices tommomy incurred in any other way. <br />A The rights created by this conveyance shall remain in full force and effeta during any postitionsament <br />or extension of the time of the payment of the indebtedness evidenced by said now ae any plot ibeaoef assured <br />betraby. <br />e. He will continuously maintain hazard insurance of such type or types and in such exam m" as the <br />Beneficiary may from time to time require, on the improvements now or hereafter m aid property. need will <br />pay promptly when due any premiums therefor. All insurance shall be carried in companies acceptable to <br />Beneficiary and the policies and renewals thereof shall be held by Beneficiary and have attached thereto loss <br />payable clauses in favor of and in form acceptable to the Beneficiary. In the event of Im'rus for will give <br />immediate notice in writing to Beneficiary and Beneficiary may make proof of lase if one made ptwaptly by <br />Trustorand each insurance company concerned is hereby authorized and directed to males payment for such <br />into directly to Beaniciary instead of toTrus tor and Beneficiary jointly, and the imaorawse proceeds, ar any <br />part thereof, may be applied by Beneficiary at its option either to the reduction of the indebtedness hereby <br />secured or to the restoration or re*ir of the property damaged. lit the event of a TrvKee's-isle or other <br />transfer of title to said property in extinguishment of the indebtedness secured hereby, all right. title, and <br />inecreot 0( the Trus to in and to toy insurance policies then in force shall pass at the option of the Beneiciary <br />to the purchaser or Beneficiary. <br />J. He will keep the said premises in as good order and condition as they are now and will not commit or <br />permit any wade thereof, reasonable wear and tear excepted. and in the event of the failure of theTruti torto <br />keep the buildings an said premises and those to be erected on said premises, or improvements thereon, in <br />NOW repair, the Beneficiary may make such repairs as in the Beneficiary's discretion it may deem necessary <br />for the proper preservation dwreof, and any sums paid for such repair# shall bear interest from the date of <br />payment at the rate specified is the note, &ball be due and payable on demand and shall he fully aaettred by <br />d* Deed of TremL <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 feed of Trust any lien or lien& inferior or superior to the lien of <br />this Deed of Trutt and further that he will keep snd 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 />eeceted or to be erected on said promises. <br />A. He will not rent or assign any part of the rent of amid property or demolish, remove, or substantially <br />shoe cry building without the written consent of the Beneficiary. <br />9. In the event theTrus t"fails to pay any Federal, state, or local tax assessment, income tax or other tax lien. <br />charge. he, or other expense charged to the property hereinabove described, the Beneficiary in hereby authorised to <br />pay that sans end any sum so paid by the Beneficiary shall be added to and ber ame a part of the principal amount of <br />the indsiledsome evidenced by amid promissory mote. If tlsTrus,t —"I pay mad discharge the iedebtalnces evidenced <br />by aid promioary mote, and shalt pay such sums and shall discharge all taxes and lip and the costa, face. and <br />expanses o[ making. enforcing, and executing this Deed of Trust. then, upon written request of <br />ateneticlary mad the surrender of the Deed of Trust and the note to the Trustee, the <br />Trustee shall, after payment by Trustor of the Trustee's fees, reoonvey the property to <br />the Trustorr, or to the person or persons legally entitled thereto. <br />
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