|
g The Tress tor a and agrees am follows: 86-- 10188rr-
<br />e. He will promptly pay sbr iso,la a.•trrrs„ rti ler.rerf by raid provisionary note at site timer and in the
<br />misnomer thereto provided.
<br />Jr. He will pay all taxes, #4eatinrents, water rates, and other governmental or municipal charges, bites or
<br />impaaitions, for which provision has nut been made hereinbefore, and will promptly deliver the elliciai re•
<br />eeipm therefor to she Beneficiary.
<br />r, He will pay well expenses and far■ as may be. incurred its the protection and maintenance of amid
<br />property, including the fees of any attorney employed by the Beneficiary for the collection of any or all of the
<br />in"rodnew hereby secured, of such expresser and fees as may rte incurred in any foreehuttre sale by the
<br />'finales, or court prucredings or in army other litigation or procreding affecting said property, and attorneys'
<br />feat reasonably incurred in any other way.
<br />d. The rights created by this conveyance shall remain in full force and effect during any postponement
<br />or extension of site time of the payment of she indebtedness evidenced by said note or any part thereof secured
<br />hereby.
<br />e. He will continuously maintain hazard insurance of such type or types and in such amounts our the
<br />Beneficiary may from time to time require, on the improvements now or hereafter on said property. and will
<br />pay promptly when due any premiums therefor. All insurance #hall be carried in companies acceptable to
<br />Beneficiary and the policies and renewals thereof shall be held by Beneficiary and have attached thereto lose
<br />payable clauses in favor of and in forest acceptable to the Beneficiary. In the event of kmi6Trustorwill give
<br />immediate notice in writing to Beneficiary and Beneficiary may make proof of loan if not made promptly by
<br />Trus torand each insurance company enncernrd is hereby authorized and directed to make payment for such
<br />loss directly to Beneficiary instead of toT,ustorand Benelicimry jointly, and the insurance proceeds, or any
<br />part thereof, may be applied bk Beneficiary at its option either to the reduction of the indebtedness hereby
<br />secured or to (lie restoration or repair of the property damaged. In the event of a Trustee's sale or other
<br />transfer of title to said property it extinguishment of the indebtedness sectored hereby, all right, title, and
<br />interest of the Trustajn and to my insurance policies then in force shall paw at the option of the Beneficiary
<br />to the purehaser or Beneficiary, \
<br />/. He will keep thr said premiss its an Aimed ordirr and condition as they are now and will not commit or
<br />permit any waste dtereuf, reasonable wear and tear excelesed, anti in fire event of the failure of uhr:rrustortu
<br />keep the buildings on amid premises and those to he rrrctrd (bit nail premises, or improvements Ihereun, in
<br />good repair, the Beneficiary stray make such repairs a# in the Beneficiary's discretion it may deem necessary
<br />for the proper preservation thereof, and any sum* paid for much repairs shall bear interest from the date of
<br />payment at the role specified in the note, abadl be due and payable on demand and shall be fully secured by
<br />this Dined of Trust.
<br />g. He will not without the pnnr written .... nee.vtt of the Beneficiary voluntarily create or permit to he
<br />created against the property nrbjre► to this Deed of Tn►st any lien or liens inferior or superior to the lien of
<br />this Deed o(Trust and further that hr, will kerp 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 />areetal or to be erected on said premises.
<br />k. He will not rent or assign any part of the rent of said property or demolish, remove, or substantially
<br />alter any "Wiag without the written consent of the Beneficiary.
<br />9. In the event lheTCuStorfmils to pay any Federal, stale, or his-al tat assessment, income tax or other tax lien,
<br />charge. (at, or other expense charged to that prulserty hereinahove de*rnbed, the Beneficiary is hereby authorized to
<br />pay the same and any sum so paid by the Beneficiary shall he added to and become a part of the principal amount of
<br />the indebietlrnesm evidenced by said promissory note. If theTrustorshall pay and discharge the indebtedness evidenced
<br />by said promissory note, and doll pay such runts and Aral! discharge all taxes and liens and the costs, face. and ex-
<br />penses of makimg, 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 posscased 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. der better security of the indebtedness hereby secured the Trustorupon the re,usq of the noverficiary, its
<br />nrrseaasn or assigate, shall execute end deliver a supplemental mortgage or mortgages covering any additions, ins•
<br />pravommtk err betterments made to the property hereinabove degribetotr d all piopm y acquired after the date
<br />hereof tell is form satisfactory to Greatest). Furthermore, should fail to cure any default in the payment
<br />of it lwirrr at inferior encumbrance on the property desrribed by ►his oratortowtenl, Truut4geereby agrees to permit
<br />BomAsiary to cure much defsult, but brvieficiarq is not obligated to do so; and such advances shall bosons part of
<br />Ohio i141e1ti -i .mow wuaed by this iarsrumertl. subject to ilia same terms and t»nditisns.
<br />12. That all swerde of damages in connection with any condemnation for public use of or injury to any of said
<br />peepesty art forereby artgrtsd and shall lose paid to Beneficiary, who may apply tat same to paywreot of the installments
<br />Isar time untie, rail note, tied the Bearfiriary to hereby suthuristed, in the name of thekrus for its molecule and deliver
<br />oalsd ugoivaeed t themesf and to apprel from any such Award.
<br />FR
<br />
|