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<br />8. The Grantor covenants and agrees as follows:
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<br />a. fie will promptly pay- the indebtedness evidenced by said prmnissorc note at the time and in the
<br />neaunertherein provided.
<br />b. lie will pay all taxes, assessments, water rates, and other governmental or municipal charges, fines or
<br />impositions, for which provision has not been made hereinbefore, and will promptly deliver the official re.
<br />ceipts therefor to the Beneficiary.
<br />r. fie will pay such expenses and fees as may be incurred in the protection and - maintenance of said
<br />property, including the fees of any attorney employed by the Benelciar for the collection of any or all of the
<br />indebtedness hereby secured, of such expenses and fees as may be incurred in any foreclosure sale by the
<br />Tntatee, or court proceedings or in any other litigation or proceeding affecting said property, and attorneys'
<br />fees reasonably incurred in any other way.
<br />All. The rights created by this conveyance shall 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 />e. He will continuously maintain hazard insurance of such type or types and in such amounts as the
<br />Beneftciar may from time to time require, on the improvements now or hereafter on said property, and wiII
<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 foYm acceptable to the Beneficiary. In the event of loss, Grantor will ;;ice
<br />immediate notice in writing to Beneficiary and Beneficiary may make proof of loss if not made promptly be
<br />Grantor, and each insurance company concerned is hereby authorized and directed to make payment for such
<br />loss directly to Beneficiary instead of to Grantor and Beneficiary jointly, and the insurance proceeds, or 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 repair of the property damaged. In the event of a Trustee's sale or other
<br />transfer of title to said property in extinguishment of the indebtedness secured hereby, all right, title, and
<br />interest of the Grantor in and to any insurance policies then in force shall pass at the option of the Beneficiary_
<br />to the purchaser or Beneficiary.
<br />1. He will keep the said premises in as rood order and condition as they are now and will not commit or
<br />permit any waste thereof, reasonable wear and tear excepted, :old in the event of the failure of the Grantor to
<br />keep the buildings on said premises and those to be erected on said premises, or improvements thereon, in
<br />good repair, the Beneficiary may make such repairs as in tire Beneficiary's discretion it niay decor necessary
<br />for the proper preservation thereof, and any sums paid for such repairs shall bear interest from the date of
<br />payment at the rate specified in the note, shall be due and payable on demand and shall Fie fully secured by
<br />this peed of Trust.
<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 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 rite 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. fie will not rent or assign any part of the r.: it of said property or demolish, remove, or substantially
<br />alter ally building without the written consent of the Beneliciat y.
<br />9. In the cyeut the Grantor fails to pay- any Federal, state. or local tax arse -men„ income lax or other tax lien.
<br />charge, fee, or other expense charged to the property hereinabove dc�cribed, the Beneficiary is hereby authorized to
<br />pay the same and ally sum so paid by the Beneficiary shall he added to and become it part of the principal amount of
<br />the indebtedness evidenced by said promissory note. If like Grantor shall pay and discharge the iudebtedues� c%idenced
<br />Iny .aid promissory note, and shall pay such sums and shall discharge all taxes and liens and the costs, fees, and rx•
<br />pert,es of making, enforcing and executing this peed of Trust, 1114-11 this peed of Trust shall be canceled and
<br />surrendered.
<br />M. '1'L,- Graelor covenants that he is lawfully seized and possessed of and has the right to ,ell and couxee xnid
<br />property: that the same is free, from all encumbrances except as hereinabo%e recited. and that he hereby binds him-
<br />self and hie successors in interest to warrant and defend the title aforesaid thereto and every, part thereof against the
<br />lawful claims of all persons whomsoever.
<br />11. For better security of the indebtedness hereby secured the Grantor, upon the request of the Beneficiary, its
<br />succevlsors or assigns, shall execute and deliver a supplemental mortgage or mortgages covering any additions, ins
<br />provements, or betterments made to tire property hereinabove described and all properly acquired after the date
<br />hereof tall in form satisfactory to Grantee). Furthermore, should Grantor fail to cure any default in the payment
<br />of a prior or inferior encumbrance on the properly described by this instrument, Grantor berchy agree, to permit
<br />Beneficiary to cure such default, hilt fleneficiary is not obligated to do no; anal such advance, shall hccome hart of
<br />the indebtedness secured by this instrument, subject to the same terms and conditions.
<br />12. That all awards of damages in connection with any condemnation for public use of or injury to any of said
<br />property are hereby assigned and small b4! paid to Beneficiary, who ilia l' apply the 5amle to payment of the installment,
<br />lasl due ender said note, and the Benefiriary is bert -lis ;mlhorized, in the name of the Grantor, to rxecutc and drliccr
<br />,aid acquitlanres thereof .rid In appeal frmn ate +,ich :Heard.
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