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87-- 105,,216,',
<br />pl:omilim r,:cri.pts received by .it, :n no ovent. cthall. Bollef.iciary or
<br />Trust6e bt held responsible for failure to pay insurance premiums
<br />or f.ax any loss or damage arising out of a dofect in any policy or
<br />iris pg out of any failure of any insurance company to pay for any
<br />los,s''or damage insured against. or for failure by Trustor to effect
<br />the insurance required hereunder. In the event of loss, Trustor
<br />shr:11.1 give prompt notice by Innia to the insurance carrier and
<br />13enef',iciarv. Beneficiary mall make proof of loss if not made
<br />nr.r•mptly or in proper form by Ti:llstor. n.l..l policics of insurance
<br />and' any and all refunds of unearned premiums are hereby assigned to
<br />Brzn(-fi.ciary as additional security for the payment- of the Indebted -
<br />ness- . In the event of 13enrfic.ary's exercise of the power of sale
<br />contai_nod herein, or in the event of forc.clo.aure, all right, title
<br />and interest of Trustor in and to any insurance policy then in
<br />force shall pass loo the purchaser at the trustee's sale or fore -
<br />c.lcs:.lre sale. In ease of any l.os:?, the insurance proceeds may, at
<br />the option of Beneficiary, be applied by Beneficiary upon the
<br />?ndohtedness, or any part thereof, and in such order and amount as
<br />Beneficiary may determine or said insurance proceeds, at the option
<br />of Pi_�neficiary, may either be used in replacinu, or restoring the
<br />Trust: Property partially or totally destroyed to a condition
<br />satisfactory to Beneficiary, or said insurance proceeds, or any
<br />portion thereof, i;lay be released to Trustor. Unless Beneficiary
<br />and Trustor otherwise agree in wri.tinc, any such application of
<br />insurance proceeds shall not extend or postpone the due date of the
<br />Not,: , I ary .installments called for therein, or change the amount
<br />of such installments. If the Trust Property is acquired by
<br />Pen ±`iciary pursuant to the exercise of the power of sale or other
<br />fo /:r:losu�e, all right, title and interest of Trustor in and to any
<br />InEuranc•e proceeds payable as a result of damage to the Trust
<br />Property prior to the sale or acquisition shall pass to Beneficiary
<br />and shall be applied first to the costs and expenses, including
<br />attorney fees, incurred in collecting such proceeds, then in the
<br />mann,�r and in the order provided herein.
<br />P. Preservation and Maintenance of Trust Property. Trustor
<br />will. }:. cal the buildings and other improvements now or hereafter
<br />erected on the trust Property in good repair and condition and will
<br />not cemunit or permit waste, will not alter the design or structural
<br />character constituting any building now or hereafter erected on and
<br />constituting the Trust Property without the prior written consent
<br />of banefic:iary, will not do any act or thing which would unduly
<br />impair or depreciate the value of the Trust Property and will not
<br />abandon the Trust Property. trustor will not remove any fixtures
<br />constituting the Trust Property unless the same are immediately
<br />replaced with like property subject to the lien and security
<br />interest of this Deed of Trust and of at least equal value and
<br />utility. Trustor will comply with all present and future
<br />ordinances, regulations and requirements of any governmental body
<br />at:ich are applicable to the Trust Property and to the occupancy and
<br />lac thereof. If this Deed of Trust is on a unit in a condominium
<br />or a planned unit development, Trustor shall perform all of
<br />Tru;toi.'s obligations under the declarations or covenants creating
<br />o.l. (loverninq the condominium or Uie planned unit development, the
<br />iayItiws and regulations of the condominium or planned unit
<br />dol.- l.cn:nent, and tale constituent documents.
<br />9, Inspection. Beneficiary or its agents may, at all
<br />roc,.•c+l+r;h1= times, -!liter upon the 'Trust Property fir the purpose of
<br />in.;e.-tion. Beneficiary shall have no duty to make such inspection
<br />a ;;r s1ial.l rot t)e liable to Trustor or to any person in possession
<br />i.f it meta s or fails to make any such inspection.
<br />10. Protcc f-Anu of ocu.rit-y. if Trustor fails to perform any
<br />"F 1 h , covonant:z; and agreements contai nod ill this Deed of Trust-, or
<br />L 4ny action pro(- ceding commenced which doer; or may
<br />:•uv, -t-nly affect the Trust. Proport:y or the interest of TI- LU;tor or
<br />hcrnri'ir'iory th4,rc"i.n or the title of Trustor tho eLo, then
<br />l"r.'1:- f i' i'll's, i.1: i.t -.s opti.oil, nl.ly perfol "In Such cov('nont s and
<br />c,a):' ,=r' lit-S, nlakcz : -ut•h alpljoaroncr:!s, defend ayi.;i.nr;t: and i.lIvOstigate
<br />•7,r,1 : + 4 �r, or procc�edi.nq and tot] e such ot.ilt•r ar.ti.nn as nencti.ciazy
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