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<br />TileTrusCat essaid %rem,asfaftem:. 86- 103308
<br />a. He wiit promptly pay the icnelA «ihayw etideured by said promissory no at the titrtma and in Ilse
<br />rMamnsrtherein provided.
<br />is He will pay all taxes, assesaments, water rata, and other governments or municipal charges, fwsw or
<br />iampowttews, for which provision has mtrt been made hrrambefore, small will promptly deliver the elicial re-
<br />eeilNS`tbrefer to the_HeseSeiary.
<br />r.. He wiihpay such �expawer-and Fred ar may be incurred in the prNeetion and• naiNenpweo, of mid
<br />played b
<br />pr+/erty iwelmding the lees of any aleorney by the Beneficiary for the eollact a of any or all of the
<br />iwdeblalww Hereby secured, of bawls expanse end ten u may be incurred in any fentkliif r m1e by It*
<br />Tritstae, or court pruceediop or in any olhrr litigation or procrediag mReetimg acid property, "a atterueye
<br />(jec reasonably incurred in any other way.
<br />d. The rights created by this conveyance shall remain in full force and effect during Say postponement
<br />or extension of the time of the payment of the indebtedness evidenced by mid mote or any part theseof secured
<br />T e' He will continuously maiatain hazard insurance of such type or types mad is such amounts m 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 Say premiums therefor. All insurance shall be carried in companies acceptable to
<br />Beneficiary and the policies and rmww&6 thereof shall be held by Beneficiary and have attached thereto lose
<br />pay" clauses in iever;of eml in form aeceptabie to the Beneficiary. in the event of laa,Trua tor will Rive
<br />itu modiate notice in writing to Beaeficisry and Beneficiary may make proof of Mss if net made promptly by
<br />Truatorssml each insurance company concerned is hereby authorized and directed to nuke payment for such
<br />k n directly to Beneficiary instead of tuTrus torand Beneliciary jointly, and the insurance proceeds, or any
<br />put thereof, may be applied bjc Beneficiary at its option either to the reduction of the indebtedness hereby
<br />secured or to Ilse iestorolion or repair of the property damaged. In the event of ■ Trustees m{a or other
<br />transfer of title to said property it extinguishment of the indebtedness secured hereby. all right, title, and
<br />interest of llte Trusto3n and to ulny insurance policies then in force shall paw at the option of the Beneficiary
<br />to Ilse pwmhawr or Beneficiary. \
<br />j. He will keep lice said premises is as g;uod order and condition as they are now and will not commit or
<br />permit any waste thereof, rem asa►ble wear and tear excepted, and in the event of Ilse failure of IhJrus tor to
<br />keep the buildings on said premises and shore to he erected Nt maid premise&, or improvements (hereon, in
<br />Reed repair, the Beneficiary quay make such repairs as in the Beneficiary's discrelion it may deem necessary
<br />for the proper preservation thereof, and any sums paid for such repairs shall hear interest from the date of
<br />payment at the rate specified in tl►e note, shall be due and payable on demand and shall he fully secured by
<br />this Deed of Trulal.
<br />a. 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 feed of Trost and further that Ise will keep and maintain the some free from tite claim of all persons
<br />supplying labor or materials which will enter into the construction of any and all hoildiap now being
<br />erected or to be erected on said premises.
<br />b. He will not rent or assign any part of the rent of said property or demolish, remove, or substantialiv
<br />alter any bmiWiy without tine written consent of ti►e Beneficiary.
<br />9. In the event tl*Trustorfails to pay any Federal, state, or local tax assesoment, income tax or other lax lien.
<br />charge. fee, or other expanse charged to the properly hereinobove described, the Beneficiary is hereby authorised to
<br />pry Ilse same and any min so paid by site Beneficiary shall he added to and become a part of the principal amount of
<br />thr imlebtedneo evidenced by said promissory note. if ticerrustorshall pay and discharge the indebtednewevidnwed
<br />by mid promissory matt, and Stall pay such aunts and shall discharge all taxes and lions and the coals. fee, and ex-
<br />peusw of mokim& emforeing and executing this Deed of Trust, ' then, upon written requeec 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 whouenever.
<br />11. Aor biter soeurily of the indebtedness hereby secured the Trustorupw the mqueet of this Beneficiary, its
<br />surayaasre or muvh , slsas execute and deliver a supplemental mortgage or mortgages covering say additions. im•
<br />pnvclrotlq. w b"iarmatw mado to tike preporty herainabove dwribed and all property &"mired after the date
<br />herdeal Ices {w Poem miSfsetory to fre agool. Furikermare, should rustor fail to cure any default in the payment
<br />of a price at iukrlor encumbrance on file property described by this instrument, Truato>kereby agrees to permit
<br />Beweiclery m core Such default. but Beneficiary is not obligated to do sot and ouch advents" Shall bsomo port of
<br />thus ladooto& mss secured by this iwrunemt, subject to the same terms cad eusditiartn
<br />12. That aft awards of damages in eonneetian with any comdemmation for public me of or injury to any of mid
<br />pn4"y arc Itorebyanipod ass shall be paid to Bettefieiary, who may apply the maw to pp&&ymont of the installments
<br />Is" dew under mid note, mad the Ber!eficiar s hereby authorimed, in the saute of djruitor to execute and deliver
<br />valid acquittances thereof ass to appeal from any such award.
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