|
ft, The Trust`t`eovenaats anti agrees me follows 86- 142567
<br />s. He will prnntplly i,:,y the mile r,h •+ cr,dru :eel by o,l protaiswtrk #tale at like times and in the
<br />manner therein provided.
<br />b. fie will pay all taxom, aaw- nu -al., .,,ter rut"., and other guvernmental or municipal charges, fines or
<br />imps annum, for which provision he& not been tuade hereinbefore, and will promptly deliver the official re-
<br />ceipts therefor to the Beneficiary.
<br />r• He will PAY much expenses and fir, as may lie- incurred At the protection and, maintenance of said
<br />property, including the fees of any attorney emplogrd by the Beneficiary for the collection of any or all of the
<br />indebtedness hereby orcured, u( ouch expense& and ft-es a► muv be incurred in any foreclosure sale by the
<br />'1•rumee, or court procre•ihnge tar in any uthrr Imitation or proceeding affecting said property, and attorneys
<br />fees reasonably inrnrred tat any other we,,
<br />d The riy,his crested by shim conveyance shall remain in full force and effect during any postponement
<br />or extensiun of thr time u( the payment of the indrbtedness rvtdence,` by amid 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 />Beneficiary may front time to time require, on the improvements now or hereafter on amid property, and will
<br />pay promptly when Jue+ any premiums therefor. All insurance shall be carried in companies acceptable v,
<br />Beneficiary and the policles and rrurwalit thereof shall be held by Beneficiary and have attached thereto Its.
<br />payable clout" in favor of and to form acre ptable to the Beneficiary. In the event of loaa,Trustorwill give
<br />immediate notice it, writing to fieneficiary anJ Heneficiary may make proof of lo" if not made promptly by
<br />Trus toreind each insurance company L nncerni•d is hereby authunaed and directed to make payment for such
<br />loot directly to Beneficiary instrael of tJrustor.ad Brnelictmry 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 the restoration or repair of the pruperty damaged. In the event of a Trustee's sale or other
<br />transfer of title to said Property iq ex Lingutahnteni of the indebtedness secured hereby, all right, title, and
<br />interest of the Trusta5n and to pny iruuranec pulicles then in force still[ paw at the option of the Beneficiary
<br />to the purchaser or Beneficiary. �
<br />I He will keep th, .aid p,irnlaaro n, out Food order .tau! ron,htion as they are now slid will not commis or
<br />permit any waste thereuf, rramintabte wrar and tear ,•are•I,tr,l, and m the event of the failure of 1heTruetortie
<br />keep the buildings on amid premises and thuter to he erected un nail premises, or improvements thereon, ,n
<br />good repair, the lsa"ficiary cnmy make so, h rrpmirs an in ihr Hencliciary's discretion it may deem necessary
<br />for the proper preservation thereof, and my sumo paid fur such repairs shall bear interest from the date of
<br />payment at ih= rate specified to the note, .hall be due and payable on demand end shall be fully secured by
<br />title Iked of Trust.
<br />R. He will not without the poor wmirn t- nnr,lr of ate Hencliciary voluntarily create or permit to he
<br />errated against the grope -ray snbtee I to tlns Drrd of 'mist any hen use liens inferior or superior to the hen of
<br />this Used of Trust and funkier tart hr will keep and neatntatn the same free from the claim of all persons
<br />supplying labor or malerials which wilt rnter into ti,e construction of any and all buildings now being
<br />erected or to be erected on sold premises.
<br />h. He will out rent or awtgn any part tat the rrot of load pnaprrty or demolish, remove, or substantially
<br />after any building without ilia written consent of the Beneficiary.
<br />9. lie tlae event ibeTrustocfails Its pay any Fedrral..iiie, or Inral tax assessment, income tax or other tax lien,
<br />rharge, fee. or other expense charged tin the jimpe -rty hereinatwve dca. abed, the Beneficiary is hereby &uthuriscd to
<br />Pay the same maid slay sum so paid by the Beneficiary shall he added to and become a pan of the principal amount of
<br />the indebtedness evidenced by amid promissury note. If Ila, rustorshall pay anti dterharpte the indebledne"evidenced
<br />by amul promissory note, and &limit pay suck, sums and .hail diacharge all taxes and liens and the costa, fees, and ex•
<br />pwnsm of making, enforcing and executing this, flied of Trust, then, upon written request of
<br />Beneficiary and the surrender i,f the Deed of Trust and the note to the Trustee, the
<br />Trustee shall, after- payment by ,rustor of the Trustee's fees, reconvey the property
<br />to the Trustor, or to the person or persona legally entitled thereto.
<br />10, The Trustor covenants that he is lawfully seized anu poda.saed 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 Chit he hereby binds himself and his
<br />successors in interest t.; warrant and defend the title aforesaid thereto and every
<br />part thereof against the lawful claims of ail oe.rsons whom.-lever.
<br />I I. Few immer security of the indebtedness hereby secured the Trust"upo the re ;,unt of the Beneficiary, its
<br />aureemewn or assigns, shall execute and drlivt -r a mupph•m -ntal muriguge ter mortgages covering any additions, im-
<br />prevenwate. or 64torrnenta made to the property hereimshuvr detFribed end all property acquired otter the date
<br />hereat iall to form "iWaetory to Grantee). Furthermore, sh�uldlrustorfmil to cure any default in the payment
<br />Truftto
<br />or int►rior me e,utbrun :r �,,n :hr prol.eriy Jrirn 6►J by this irulrumrnl, �terebY aFree•s to permit
<br />es=
<br />io�f��a�f.riia
<br />neraltwrary to -lire sw li Ae(atilf but Henefictury is not .bltgst"! to Jo me; anti such advanoso shall become part of
<br />the tastieb •'r, w wit— 4 9zd Iv, :nstrunteni, subject to the mama terms and conditions.
<br />12. That sii awards of damsoea in connection with any condemnation for public use of or tn)ury to any of said
<br />I tiD
<br />properly sir fycrthy 604nOd and 11,411 be paid to Henefuriory, who may apply the some to paYmeal of Ilia installments
<br />i"t ,lime unair, cni=.P ,.site. an.1 ttie hpnrficiarr is hereby outhuriaed, in the •smear of t,,'..ruatoor so saeeuto sad deliver
<br />= +lc,l srttfiaictanc em t?+rtowef and it, apptol fr„m 4n+ ..ieh .-aril
<br />
|