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VIIfK CAS UA1.11'.Ati3tiJ {'H! :HINSFRANCE "fuketpsuchpro 1, ertym: urvdada instln ..urdamage in, IM' and other risk
<br />,•r rtsks which, in the seiv opme,r, of Renefictary should he insured g,,inst, under pohctes of insurance with bans payable to
<br />(tenelirtrery in form, amount and, ompantesi acceptahie to Iieneficiarv' Said petition shin! Fuedeliverrd to and n maul in pusses -
<br />sa.n of Heneftriary as further set unty for the faithful performance of these oh! ,;dons. which delivery shall constitute an
<br />,i— ignrnent In 'mist ,r to ite•nefict.iry of ill right thereunder. including all return premiums. to deliver to Be•nefil•iiary a policy
<br />or pohries renewint: or extending any expiring insurance with a recetlit showing premiums paid at least thirty (310cloy.s before
<br />expinilton. if Trustor fails to so deliver any renewal policies. Beneficiary may procure such insurance: as it may elect and may
<br />miske• pavment of premiums thereon. which payment is repayable on demand. Neither Trustee nor Beneficiary shall he respon-
<br />.,hh- fi-r obtainoig or maintainng such insurance. Beneficiary. from time [e time, may furnish to any insurance agency or
<br />11,mpanv, or anv other person. anv information contained in or extracted from any insurance pohev theretofore delivered to
<br />11nelit-tary pursuant hereto. and any information concerning the loan secured hereby. In no event and whetheror not default
<br />nvr, nder hot« .x curred shall Beneficiary. by the fact of approving, accepting or obtaining such insurance, incur ant, hahilih'
<br />lot- the ,amount of such insurance the form or legal sufficiency of insurance contracts, solvt•nc•y of insurers, or payment of
<br />loses Ity insurers. and Truster hereby expressly assumes full responsibility therefore and liability. if anv. thereunder. In the
<br />—rent of loss, Truster shall give immediate written notice to Benefit :nary. and Beneficiary mac, but is not obligated ui. make
<br />proof of loss if not matte promptiv by Trustor. In case of any loss the amount collected under any policy of insurance on such
<br />property may. at the option of the Beneficiary, be applied by Beneficiary upon any indebtedness and• or obligation secured
<br />he, . by and in such order and amount as Beneficiary may determine; or said amount or anv portion thereof may, at the option
<br />.d the Reneftciar. either he used in replacing or restoring the improvements partially or totally destroyed to a condition satin-
<br />tiacttory to Raid Beneficiary. or said amount or any portion thereof may be released to the Trustor. In any such event neither the
<br />rrustev nor the Re•neficiary shall he obligated to sec` to the proper application thereof; nor shall the amount so released or used
<br />!s den -mad a p;tvmerit oe anv indebtedness secured hereby Such applicatnol use and or irlease shall not cur? or µaive anv
<br />.h foal( for nnl..... of default hereunder or invalidate any act dune pursuant I, such notice. Anv unexpired insurance and all rt,
<br />i urnahle insurance premiums .li.01 insure ni the benefit if. and pass to, tie• purchaser of the property covered thereby at anv
<br />Trustee's sale held hereunder if said property is sold pursuant to the pew',•r of sale, -,ntained herein or pursuant to anv decree
<br />tot forty lesure, all right, title and interest tit Trustor :n and (it the proceeds of fire and other insurance poivaes flw damage prior
<br />to thr ,ale which proceeds .ate not received prior to the date of said :ale, shall belong to Beneftciarv. Truster will comply with
<br />such other requirements and provide such ether type r,f insurance oat Beneficiary may require from* time it, time for the protive
<br />tout by Insurance of the interest tof the respective parties hereto.
<br />TA X KS AN f) O,rH ER St' IWS DUE: To pay, satisfv and discharge, at least to ten( IM days before del inq uency all general and
<br />,in', cal •axes and ,assessments and other public charges, and in no event later than the date such amounts become due and lti
<br />further pay when due or requested: 1 l) all encumbrances, charges and liens, with interest, tin such property, or any part thereof.
<br />which are, or appear tit beneficiary, in its sole discretion, to be prior to or supenor hereto. 111 all costs, fees and expenses of this
<br />trust, IN hether or not describes! herein. Gil fees or charges for any statement regarding the obligation secured hereby to any
<br />.amount demanded by Beneticior, not to exceed the maximum ann.unt — ••d lv law therefor at the time when such request
<br />is niad,• ( 1) such other charges is the Beneficiary may deem reasonabb se: -ices rendered by Benetic•iary and furnished at
<br />Iht rrstue.st .,f Truster or any suet esrnr in into to `i "rust.,r. 15i if nut it In periv Includes a leasehold estate. all payments and
<br />,.hligati,rns required of the Tru +tor „r his successor in interest under the L rms of the Instrument or instruments creating such
<br />Leasehold, rho all payments and monetar' :'Jigations required of the oW. such property under any declaration of eove-
<br />oant ,- onditi ons and restrictions pertaining to such property or any m• ..:bon there„ f. (7) all mortgage insurance or
<br />eo.,rint\' fees premiums. or chartze, of any nature pertaining to such property Truster agrees to notify Beneftciar• immede
<br />.ovi\ upon rvo eipt h\ Truster -if notice of anv increasein theasse•ssed v<elueot ,u, h pn,perty and agrees that Reneficiarv. to the
<br />n.uae et rrust,,r. rnav reniest by .npprepnate pnweedinxs such in, 'case it, assessment
<br />lit th, event of the passage of any law deducting from the value of real prutwrty for the purpenrs (if t axatloll ,Illy Item therein
<br />Ilan ,ngIll ,1nir \,.n the Li— t,.rtit,,t . axr,hon ifdcodsuftrustortle• lLs securr.• dly. hods(,i trust f,r state tor loc :lpurpost•s•er
<br />,fir ninnner of the co Ill., tton of.iny such taxes, su as to affect this I )e.•d off'rust, the htolder.,I this Deed o('llust andel theohit
<br />:e.ou,rls w loch it ,et ures .hall have the right to declare all sums se( ured hereby due its of it date to he .specified by not less than
<br />:Il d:ays .,,, itte•n notice (o be Kit, en It, Truster by Beneficiary. provided. however. that such election shall he ineffective ifTrust
<br />•., ,s pe ,eiatted liv loos to pay the whole of such tax in ;iddition to all ether payment required hereunder and if, prior to such
<br />yn•.alie,l d:ne, does pay such tar and agrees to pay any such tax when hereafter levied or assessed against such property. anti
<br />-uch agreement shall constitute a rnedificauon of this Deed of Trust
<br />I' I'%I)S Pt)R TAXES ANi) IN.'WRAN('E If Beneficiary shall +o re,luest, Truster agrees that there shall be added to the
<br />pen „d;, al payment required t., le made hereunder in amount estolloted h\ Trustee to he sullictent to enable Trustorto p:nv. ill
<br />•i Homy 4t0h,Liys lr!or, dclrrotucncv. Lill general and special taxes. assessrne•r.ts. „rather ttuhliccharges againstsuch prep
<br />, ., \. tit. 1'r,loossury 'Mete. er upon .,r on account of the ileht .r the hen t,11111, I )toed el Trust. (together with premiums for incur
<br />nlr. r „ikolvd to he provided under this Deed of Trust and all mortgage insurance or guaranty fees, premiumsor similar charges
<br />.od Lie interest shall be payable t.. 1'rusoir in resl)ecl thereof. l' fiun demand by Trustee. Truster shall deliver to Trustee such
<br />adlatton:d sums Lit money as tire necessary' to make up any deficiency in the amounts necessary to enable Trustee to pay any of
<br />the f ongoing items.
<br />,'VNIs Al)V., \N('I ?I n'D ) i KA1( ! \'rEREST Tit pall onmediately upon dern.,nd Inv sums es or paid by Renefictar
<br />•t i- rust+. under ,tri% ( ii,ost .,r pr..\..;en ,.f this I),,(I of "trust Any .u, h sums unfl) sin n•priel shi.tll he ,e, -are,! l.aeF,v islet hear
<br />toil rvsl Iron the duce ally anct•d or p.od at the some rate as set fur th u) such Promissory Notr and sholi hr secured by this I )eed
<br />"I 'trust
<br />ASSIt1NNiKNT Ul' DE:P(T51'f` !'hat its additional security of this be it construction loan. Trusstor hereby transfers and
<br />assigns to hem-6. tars during e ontinu;nce of :heeu• !'rusts, all right. titie:ind interest to an\ .,rid all menlesdelifl, d by trust
<br />.r or delwtoteti .•n heh.al( of rrusv.,r with anv city. county, public br,dv er agency, sunitrer\ district. was and or electne corn
<br />P:;nv telephone r „mpwi, ,,rid anv other body or age•ncl. for the tnstulii,t -ton er to set ure tine Iistallatiton tot anv utility by
<br />I'rust..n pert :aunng to this pn,jwrty
<br />IT
<br />-could fool ounake oov payment or 4
<br />t., this I ).,•d . I Trust it do an\ act
<br />i r ,atrveel n,•t bo il,• Ite I'M ir,.I, loot wuh.,ut hligau,m s,. t. i..,uul wilh ne t,.. rdernand uI',ni Trustw :tad ws;li
<br />i...rn ... ..hliuol,•.o i„ t...t ,,nd w - ;;tit 1 ,..t1 I g I n trti III, II ,., ., rn.•u 111,11 the inure. may
<br />,1.• lltl +t,.lii.•
<br />in nUl h R\ Ire. r alai (e ,ill fl .'xt.'ftt .I, it Ili ,\ t..'t,,,,,t \ 1. t)r. =le. , th, ,f•1 .art\ here•.•' lie, fit'lar heink g^g
<br />uilr.rverl t,.. Hirt ute,n out h t•r,.t •, rlv !.,r ,u. it or Li�i
<br />1, p,,•eh
<br />ou Lit :. ..r .q,p.•arx too !W pn.,r .r .uprn,.r tit er it te.,! tin, >;rr .su,e; .•n nu, t: pow r•r pan n
<br />.,.,,. ...,. ... .old ,,I rocs ro, III,, , .uu fillet ,aid inn ,.,u re+.(.. r .: a,.� , :, i, ... I oust,.• ogre,. l„ ...i.a, ,,n, .un..`u +tt •,
<br />t•.....,.i ••n arn,.....I ..t It. —, ft. ...'I ,
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