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86-- 1046225
<br />file amount of such insurance. IiIL fiir 111 or lc 'al ,illf lc ene\ lit '. ,pliallcc k ontlaCt, ,Ilkerw\ Id lrlsuiers_ Ili pa %nicni it hisses h \''
<br />insurers, and frustor perch } - exprc„iy assurne, lull re,pon,iblinl thelcitn and hahtl;ty, if an,,. thereunder. In the a \enl of less',
<br />'Trustor shall ¢ice immediate %kimen nrnice to BrncLrlalc. antt 13eneijcie1y mUy. hilt I', not ahligafcd to, make proof of loss u
<br />not mil le prompily hy' Irustor. in case ill ills\` loss Isle onount collecled under :illy polic\ of insurance on such propert\ Inay, at
<br />the option tit the 13e tic ficttr\ -. lic applied h\' Itcn:Iiclan upon Lin% Indc•htednes, isms lit obligation secured herch\':1nd In Stich
<br />order and amount a% Bcnefician may determine; of said amount or anc portion thereof m 1y ;it the option of the Beneficiary.
<br />either he used in replacing or restoring the imprmemeni, parliallt. or totailc de,troyed to a condition sati,lactory t.l ,aid
<br />Beneficiary or said amount or any portion thereof may he released it- the lru,tor. In anc such event neither the trustee nor
<br />the Beneficiary shall he obligated to %ce to the proper application thcrcol; nor %hall the amount so released or used he deemed it
<br />payment oil any indeht:dnc%s ,l'c:uted hereby. Stich application, till'. ;n d ill release shall slit cure or w'illie iiby (it au It or
<br />notice of default hereunder or imalidafe anc act done pursuant u, such notice. Any unexpired insurance and all returnable
<br />insurance prentiurin shall inure to the hencht ill. and pas, to, the purchaser of the propctiy covered therchy it Lany [iusice's sale
<br />held hereunder. If said piollerf\ is sold put,uant to the limier of sale contained herein or pursuant it) in%decree of loreclrisure.
<br />all right, title and interest of Trtntor it, arid to the proceed, of lire and other insurance policic, fordanlage prior to {he sale. which
<br />proceeds are not received prior to the date of said safe, shall beloni-• I,I Hcncficiary.
<br />Taxes and Other Sums Due: I o pa\. satisfy and discharge. at 1, awl ten ( 101 days before delinquency. all general and special
<br />taxes and assessments aflecting such properly. and In Toe%ent later :ban the date such amounts heconle due. ( I )It)! encumbrances.
<br />charges and liens. with interest. on such prnpertc. or any' pall thcrcol. \chiefs arc, sir appear to licneficiar} tl/ he prior to or
<br />superior hereto. (2) all cost,, fees and expense, of till, !rust, whether or not descnhed herein. ( ±) Ice, or charges !,it Lin% siatcment
<br />regarding the obligation securest hcrehc in am amount demanded b\' Benefician:, not to exceed the maximum a mouni allomed
<br />by law therefor al the tune %hen such request i, madc. (4) such other charge, as the licneficiary niay clecnl reasonable for
<br />services rendered hp Beneficial and furnished at the reyue,t of lnastor or ills successor in interest to Iru,tor. 1 ) If such prnpertc
<br />includes a leasehold estate. all payments and obligations required of the IrL',lor or tits ,uccc,,ur in interest under the terra,, of
<br />the instrument or instrument, creating such leasehold. "[Instill he'rehy agreeing not h) amend. change, or modify his Leasehold
<br />interest or the terms on which he ha, such leasehold interest, or lu acre Ili llo so. nithouf tine \\ritten consent of licnefic ;an'
<br />being first obtained, and ((it all paynunts and monelan obligations required of the ov%ner of such property under anydeclaration
<br />of coyenanls, conditions and restrictions pertaining to such property or am' modification thereol. Should [ruslor fail to make
<br />am such payment, Bencficiarc, \without contesting the %andity or amount, nlay elect to slake or ad%ance such pa%meni together
<br />with any crisis. expenses. lees or charges relating thereto, including cniploymg counsel and pining his reasonable fees. Trustor
<br />agrees to notify Benefician imntediafell, upon receipt by Irn for tit notice of anc increase in the assessed %aiue of such property
<br />and agrees that Beneficiary', in the name of Trustor, map contest h% appropriate proceeding, ,Lich increase in assessment.
<br />In the event of the passage of art laic deducting from the %i luc of teal properr% for the purpose, of taxation of anv lien
<br />thereon, or changing in any was the laws for the taxation tit deed, of tent or debts secured by deed, oI trust for state or local
<br />purposes, or the manner of the collection of any such taxes, sty as to affect this Dccd of [rust. the holder of this Deed of [rust
<br />and of the obligations which it sectn-el shall hale the right to declare all ,LVnS secured hereby clue as of a date to he specified
<br />by not less than ;U day,' written notice t, he given to lnutot by Benefician: presided_ himex'er. that such election shall he
<br />incftcctiyc if Irustor is permitted by la\v to pay the \\'hole of such tax in addition to all other payment, required hereunder
<br />and if. prior to such specified date, doc, pay ,Lich !ax and agrees to pay any such tax when heiealter 1,-% let] or assessed against
<br />such property. and such agreement shall constitute it modification of fills [)Ceti of [rust.
<br />Sums Advanced to Bear Interest: Tu pa\ sin ,ediatcl\ upon demand any sums a(\anccd or paid by l3eneficlan or
<br />Trustee under an} clause or pn)v ;Sion of this Decd of frost. Any such sums. unfit NO repaid. ,;fall be secured hcrehc and 'Dear
<br />interest from the date it was ad\anced or paid at the ,ante late a, such indchtedne,s and ,hall he,ecured h% this Deed of "f -rust.
<br />Assignment of Deposits: That a, further additional security if this be it construction loan.. Trustor herehy Iran,tCU and
<br />assigns to Belief iciary during continuance of the,e Trusts, all right, title anei interest to an\ mid aft monies deposited by f rtlstor
<br />or deposited on behalf of Trustor wjlft any city. counts. p(I h11c hod% or .lgcnc% ,alu!an district, git , and I r electric Jonipan
<br />telephone company and am' other blob sir agency. tier !tic insrdk +ton ill ill the instal Lit of am u'[litc by Inlstir,
<br />pertaining to till,- property.
<br />Failure of Trustor u) Compl\ with Deed of Trust: Should f ru,,Io! tail in niakc an\ pay nlent DI. to do an% act as pro\ Icicd
<br />Lit this Deed of trust, or tail u, put fornl ;Lin ubiigtltorn sst!rrd h\ till, Deed ill frl:,t. I_r do n\ ac! iru,ior agreed not to do.
<br />hrustor shall be In default under this Deed of Trlist. Beneficial v. hilt vv it hoot ohligaton ,o to do anti n ithout notice to or demand
<br />upon Trustor and \\lthout releasing IrLIStnl from itn\ 'lhllgition 11cicol anti '.\Ithouz tmit.11111L il:t \;:lids!\ OF itlllc,t1111 ill till
<br />same, ma \' (a) inake or do the wine 111 such nian nel' and to .11;11 C \ICIII .I, it 111x'. 111X11? n:,c' „ar\ it, a,'.?te(! ifle wccknit\ n'rcol,
<br />Beneticlary being authors /ed Ill enter upon such proper!\ !,,I ,ticl` pt: ",,,c',..tnd (hl 1,,11_ t '.1, hi'se. : nte',t of colllpro Th C all\
<br />encumbrance. charge or lien, which In it, n1dgn•enl is Appear, !I) fiL' 11110f 111 ,I :pC'1111 11Crell`, ,illd Ili it! C\eFj: i,'n_` Ml\ IULh
<br />limier, pa\ seccssar\ expenses, emp io\ courisc! :Ind lm% ill, rc :l 'l :i!,fc' :CC', II II l .f I_:ee to .cpa\ :In\ .tin"unf ,I, e\„••nd,-d
<br />on dcniand of Bencliciar,..
<br />1 -1 IS 11CTI ALLI - \GNFED I It Xr:
<br />Litigation: Trustor ,hall dclenJ till, bust in Lin\ iclion ,I proceeding ptlrporung u, allcci such property. \\hether or not
<br />It affect, file ,ecLlrlf\' hL'i'CIII, ill _?:Ilpllrt,rll; to .111XC1 the lights of pimC!, of BCIICIICIa I' \' or I.'LI,IC'C. and shall tile :till] prosecute
<br />all necessary claims and it, tl,n, 1” prCvint yr rii Mcf till anv Liamage to or drsrtucnun of such piopeiiy. and either irustec or
<br />13cncticiary Is hereby authori/cd. \\ithont nhiigation ,o to do. to rcunntenCe. appear ill or defend any such action. whether
<br />brought h\ or against [rustur. Beneficialv uI hustcc. or vv1111 or without ,1111. u, CXCI':;,c or cnlurcc anv other right. Ienledt or
<br />po\acr a\aifahle or conferred hereunder, t011CI!IC1 or not iudgrlrent be entered In air. action or proceeding. and Trustee or
<br />Beneficial% nia\ appear tit micrnene Ili tit\ action it proceeding, and retain counsel therein, and take such action therein, its
<br />either mire he advised and may settle, ec)mproml'C or 1);1% the sanne tit any other e!ann, and, ill that behalf Ind lot am of said
<br />Purposes. null expend and ad \once Stich ,inns kit none, as cl!hct nw% Jcem necc,san. Whellie[ or not IIii,loi so appears or
<br />defends. Irustor on demand ,hall pa\ all 1:011+ and L\pcn,l, .,I Bencim,11% and husice, including costs A e \Idlnce of talc'
<br />and attorney's lees in it reasonable ,um. In :in\ such iciwn nr proceeding Ili %%Mess Bencficiar\ nr 1 rustc'e Ina\ appear b% \ Irtue
<br />of Ming made it part} dctendant or other\\I,c and me,pectl\e Lit \\hethXr the Interest of iicncti,lat\ or fluster in,urh prnperty
<br />i, directly qursuoned by such action. Including hill riot hnlited t0 an\ Uclloll for the condrnunitlon "1 partition of such p11111M\ .
<br />old an\ sun brought by Benefician to IorcrlllSC till, Deed of bust.
<br />Condemnation: All suns clue. pied of pe�ahic la Irostoi, of am, sticcc-oi In iltcic t of iiil,im, uhcthci h\ \lay of
<br />judgment, settlement or otherwise. (it) till lniury or damage to such propelsv, ill Ihl ill connenlon vvUh anv condemnau0n tar
<br />public use or injury t0 such pmperiv or any pall therlol, or (c) in conncuunl U,th Ihc :,ansaston unanceJ h%tlie 111an,ccincd
<br />L
<br />hcrehy, or fill itnsnlg out of all cat c .,I action. iwhcthcl accrulmt hauli (It atlr tile date It tau, Deed of 1Yu t. sounding in
<br />1011 i)r' contract, including call,C, ill action till lraud 1,1 come :llnicnl of a I11 :11Cr1111 fact logelhCr \\till tilt' ,citleincrlt,, prOCce•d,,
<br />award, and damages. direct and CAIIIsC,11MIllill, in colln C.ton lhe'rc•c \ till. :lie' he cbv :th"ohlick alld it ICioc :lhl\ ,1„1-nCd and
<br />shall he paid to Beneficiary. ,uhfrcl ho\\C%Lr 10 tile r ells 'I !ill' holder Ill an\ pilot lice l3en,cllcrir\ ,h.ill he rntllied. At its
<br />list;;
<br />option. !u conunenec. unterinc 111, appear to ;lnd pro,; cute In u, ,,vv n moue, a nv ac ton of proceeding, 01 I n shake •Inv rompl0Ml,,'
<br />ilr, Ctticrmnt. Ili I,onnccnon1 %i;h ail\ such iakinI,: or dills),Ilc Ill1,tol Illlecl 11,' \," tic ,it, h 111;lh11.11s1LI"!, c ",Iw 01. ill\; 11111,0 "l
<br />a'AMIt, dalllave" ,'Itht, Ill action and I,Inceed, its lirlleti, 1:11'. {11:1\ IcgUIr0'
<br />I h,: alm,lila tc, I—ed h\ Itcn tleza :\ pal r, slant to III;, Ike ".'d 1 it 11 il,t UP11"I .:l)\ ' .0 111 1II Ili; 11'I�1, =. .lilit j`Ilhi \, :II e 0I1111'1111"
<br />swlth anv -mide•Innallon tut lKINIC It,a ill or idolv to ,UCII firllt,erty 101 ,l Al v '111111C, ;,on ,ulh
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