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N-- 101636
<br />V. The TrusCoreoveaaats and agrees ss follows:
<br />G. He will promplly pay the indelhtwhn•rr cvuieured by raid promissory note at lite times anti in the
<br />manner therein provided.
<br />It. He will pay all loxes, assessments, wafer rates, and other governmental or municipal charges, fine$ or
<br />impositions, for which provision has not been made hereinbefore, and will promptly deliver the official re-
<br />ceipts therefor to rte Beneficiary.
<br />r. He will pay much expense* and fors am may bo incurred in the protection and, maintenance of said
<br />property, including the fees of any attorney employed by the Beneficiary for the collection of any or all of the
<br />indebtedneso hereby secured, of much expenses and fees sa may he incurred in any foreclosure sale by the
<br />'dnalee, or court procredings or in any other litigation or proceeding affecting said property, and attorneys
<br />fees reasonably incurred in any other way.
<br />d. The righlo created by this conveyance stall remain in full force and effect during any postponement
<br />or extension of the time of the payment of the indebtedness evidenced by said note or any part thereof secured
<br />hereby.
<br />r. HF
<br />inuously maintain hazard insurance of such type or types and in such amount& as the
<br />1 P property,
<br />Benefi ' om time to time rep ujre, tin the jm rovemrnts now or k►ereafter on said and wi pay n due tiny premiumm therefor. All insurance *hail be carried in companies accepuble to
<br />B i policies and renewals thereof alkali be held by Beneficiary and have attached thereto loss
<br />pay .avor of and in form acceptable to the Beneficiary. In the event of toss.TrueCOrwjkl give.
<br />immadiat* no`iiie* M wr0inR,to Beneficiary' and Beneficiary may make proof of loss if not made promptly by
<br />Trustor n company concerned is hereby auihorixed and directed to make payment for such
<br />loss Jjrretlf ;lob t i tnrtcad of toTrust0raud Beneficiary jointly, and the insurance proceeds, or any
<br />part thereof" plied bk Beneficiary at its option either to the reduction of the indebtedness hereby
<br />secured or to rite restoration or repair of the property damaged. in the event of a Trustees sale or other
<br />transfer of title to said property iq extinguishment of the IndebtedneM secured hereby, all right, title, and
<br />interest of tlie Trus Colin and to !soy insurance policies then in force shall pass at the option of the Beneficiary
<br />to the purchaser or Beneficiary.
<br />/. He will keep lite said premises in as good order and condition as they are now and will not commit or
<br />permit any waste thereof, reasonable wear and tour excepted, anti in ilia event of the failure of theTrustortu
<br />keep the buildings on raid premises and Chore to he erected on said premises, or improvements thereon, in
<br />good repair, the Beneficiary rpay make such repairs as in the Beneficiary's discretion it may deem necessary
<br />for the proper preservation thereof, and any sums paid for much repairs shall bear interest from the date of
<br />payment at the rate specified in the note, mhall be due and payable on demand and shall be fully secured by
<br />this Deed of Trust.
<br />g. He will not without the prior written consent of the Beneficiary voluntarily create or permit to he
<br />created against the property rubiret to this Deed of Trust any lien or liens inferior or superior to the lien of
<br />this Deed of Trust and further that he will keep and 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 />erected or to be erected on said premises.
<br />h. He will not rent, or assign any part of 'tile rent of said property or demolish, remove. or substantially
<br />alter any building without the written consent of the Beneficiary.
<br />9. lot the event 1heTrustorfaile to pay any Federal, state, or local tux assessment, income tax or other tax lien,
<br />rhartle, fee, or other expense charged to the property hereinabove described, the Beneficiary is hereby authorised to
<br />pay the same amid any sum so paid by file Beneficiary *limit be, added to and become a part of the principal amount of
<br />thr indebletlew evidenced by said promissory note. If theTrustorahall pay and discharge the indebtedness evidenced
<br />by **ill promissory note. and stall pay such suns and slim 11 discharge all taxes and liens and the costs, foes, and ex-
<br />penres of making, enforcing and executing this Deed of Trust, ' then, upon written request of
<br />Beneficiary and 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, reconvey the property
<br />to the Trustor, or to the person or persons legally entitled thereto.
<br />10. The Trustor covenants that he is lawfully seized and possessed of and has
<br />the right to sell and convey said property; that the same is free from all encumbrances
<br />except liens and encumbrances now of record; and that he hereby binds himself and his
<br />successors in interest to warrant and defend the title aforesaid thereto and every
<br />part thereof against the lawful claims of all persons whomsoever.
<br />11. For fetter security of the indebtedness hereby secured the Trustorupon the request of the Beneficiary, its
<br />aureessors or essiKrs, shall execute anti deliver u supplemental mortgage or mortgages covering any additions, ins
<br />proven mts, or betterments made to the property hereinabove d ribed and all property acquired after the date
<br />hereof (all is form satisfactory to Grantee). Furthermore, shoulddTrus tor Fail to cure any default in the payment
<br />of u prim or inferior encumbrance on the property described by this instrument, Trua.tOthereby agrees to permit
<br />Beseeficiary to cure each defouh, but Beneficiary is not obligated to do so; and such advances shall become port of
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<br />the isodebtc4nes xeuaed by this instrument, subject to the same terms and ooaditias.
<br />12. That all swards of damages in connection with any condemnation for public use of or injury to any of said
<br />property are hereby assigned and shall be paid to Beneficiary, who may apply the some to payment of the installments
<br />East time under said out *, rand the Beneficiary is hereby rulhorised, in the name of thjFuetor to execute and deliver
<br />wa%ti sequittances thereof and to appeal from tiny much award.
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