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I 8?® 106681 i g TLC True Oreave ants sad siren as follows: e. He will promptly pay rte indrltte•durss evidenced by said propitiatory note at the times and in the manner therein provided. 1 b. He will pay all taxes, assessments, water rates, and other governmental or municipal charges. film or impositions, for which provision has not been made hereinbefore, and will promptly deliver the 61111eial re- Mills therefor to the Beneficiary. r. He will pay such expenses and fees as may be incurred in the protection sad• Militarism" of said property, including the fees of any attorney employed by the Beneficiary for the collection of any or all of the isdebtedness hereby secured, of such expenses and fees as may he incurred in any foreciawre ale by the '(Tussles, or court proceedings or in any other litigation or peocreding affecting said property, sad attorneys' few reasonably incurred in any other way. d. The rights created by this conveyance shall remain in full force and effect during any postponement or extension of rte time of the payment of the indebtedness evidenced by said note or any pan thereof secured hereby. _._� e. He will continuously maintain lhsxard insurance of such type or types and in such amounts an the Beneficiary may from time to time require, on the improvements now or hereafter on amid property. and will pay promptly when due any premiums therefor. All insurance shall be carried in companies acceptable to Beneficiary and the policies and renewalm (hereof *limit be held by Beneficiary and have attached thereto loss payable clauses in favor of and in form acceptable to the Beneficiary. In the event of hts.,TTUstnrwill give immediate notice in writing to Beneficiary and Beneficiary may make proof of loss if not made promptly by Truatormod each insurance company concerned is hereby authorized and directed to make payment for such loss directly to Beneficiary instead of tuTrustorathd Beneficiary jointly, and the insurance proceeds. or any part thereof, may be applied bjt Beneficiary at its option either to the reduction of the indebtedness hereby aseured or to the restoration or repair of the properly damaged. In the event of a Trustee's sale or other transfer of title to said property it extinguishment of the indebtedness secured hereby, all right, title, and isterwt of the Trustoin and to qny insurance policies then in force shall pass at the option of the Beneficiary to the purchaser or Beneficiary. 9 J /. He will keep the said premises in as gotrd order and condition w they are now and will not commit or permit any waste thereof, reasonable wear and tear raerpled, and in the event of the failure of theTrus tor to t M_ keep the buildings on said premises and those to he erected on said premises, or improvements thereon, in goad repair, the Beneficiary spay make such repairs as in the Beneficiary's discretion it may deem necessary for the proper preservation thereof, and any sums paid for such repair shall bear interest from the date of payment at the rase specified in the note, shall be due and payable on demand and sisal) be folly secured by this Dead of Trust. g. He will not without the prior written consent of the Beneficiary voluntarily create or permit to be created against the property subject to this Deed of Trust any lien or liens inferior or superior to the lien of this Deed of Trust and further that he will keep anti maintain the same free from the claim of all persons being supplying labor or materials which will enter into the construction of any and dl buildings now erected or to be erected on said premises. Al. He will not rent or coign any part of ilsc rent of said property or demolish, remove, or substantially i alter say building without rise written consent of the Beneficiary. 9. In the event lheTrustorfails to pay any Federal, state, or local tax assessment, income tax or other tax lien, charp , fee, or other expense charged to the properly hereinabove dcs.•ribed, the Beneficiary is hereby authorized to pay the same and any sum so paid by rte Beneficiary shall be added to and become a part of to principal amount of the indebtedness evidenced by said promissory note. If theTrustorshall pay and discharge the indebtedness evidenced by said promissory note. and shall pay such suns and slim It discharge all taxes and liens and the costs. foes, and es- petition of molding, enforcing and executing thin Deed of Trust. ' then, upon written request of Beneficiary and the surrender of the Deed of Trust and the note to the Trustee, the Trustee shall, after payment by Trustor of the Trustee's fees, reconvey the property to the Trustor, or to the person or persons legally entitled thereto. 10. The Trustor covenants that he is lawfully seized and possessed of and has the right to sell and convey said property; that the same is free from all encumbrances except liens and encumbrances now of record; and that he hereby binds himself and his successors in interest to warrant and defend the title aforesaid thereto and every _._� part thereof against the lawful claims of all persona whomnnever. 11. Far better security of the indebtedness hereby secured the Ttustorupen the request of the Beneficiary, its successNe or assigns, shall execute and deliver a supplemental mortgage or mortgages covering any additions. ire• provamsats. or betNrme nos made to the property hereinsbove dearibed sad all property acquired after the date hereof tall is form satisfactory to Grantee). Furthermore, shouhl 1ruator fail to we* any defsuh in the payment of a prior or inferior encumbrance on the property ddeseri bad by this instrument. TruatQ%ereby agrees to permit Bstisfieisry to care such default, but Beneficiary is not obligated to de so; and such advances shall become part of The itiiol"itisss secured by this instrument, subject to the sass ten wM and eonditismL 11 That all awards of damages is connection with any condemnation for public use of or injury to any of said property are haebyr assigned and shall be paid to Beneficiary, who may apply the same to payment of the installments last ens wader saihi non. and ilia Beneficiary is hereby authorised, in the name of thjFus for o anesto and deliver valid aeqoklaam thereof and to appeal from any such award. 9 J