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Uu'- --' 104656
<br />FiRE, CASUALTY. AND OTHER INSURANCE: To keep such property insured against lose or damage by fin and other risk
<br />at risks which, in the role opinion of Beneficiary should bt insured against, under policies of insurance with Islas payable to -
<br />Beneficiary in form, amoun( and companies acceptable to Beneficiary. Said policies shall be delivered to and remain in poseew
<br />dun of Beneficiary as further security for the faithful performance of these obligations, which delivery shall constitute on
<br />saaignment by Trustor to Beneficiary -(all rights thereunder, including all return premiums, to deliver to Beneficiary a policy - -
<br />or policies renewing at extending any expiring insurance with a receipt showing premiums paid or least thirty (301daye Wave
<br />expiration. If Trustor fails to so deliver any renewal policies. Beneficiary may procure such itiourance as it may clect and may
<br />- make payment of premiums thereon, which payment is repayable oil demand. NenherTruaternor Beneficiary shall be respon-
<br />sible for obtaining or maintaining such insurance Beneficiary, from time to time, may furnish to any insurance agency ter
<br />company, or any other person, any information contained in or extracted from any insurance policy theretofore delivered to
<br />" -- Beneficiary pursuant hereto, and any information emncerrting the loan secured hereby in nu everit and whether "not default
<br />bereander has occurred shall Beneficiary, by the fact of approving, accepting or obtaining such insurance, in err any liability
<br />for the amount of such insurance, the form or legal sufficiency of insurance contracts, solvency u( insurer*, or payment of
<br />Islaass by insurers, and Truator hereby expressly assumes full responsibility therefore and liability, daily, thereunder. In the
<br />event of Islas, Testator shall give immediate written notice to Beneficiary, and Beneficiary may, but is not obligated to, make
<br />_ proof of Islas if not made promptly by Trustor. in case of any toss the amount collected under oily prrlicy+dinsurarom on ouch -
<br />property may, at the option of the Beneficiary, he applied by feneficiary upon any indebtedness und.'or obligation secured .
<br />hereby and in such order and amount as Beneficiary may determine, or sold amount or any parboil themf may, at the option
<br />of the Beriefictary, either be used in replacing or rplonng the improvements partially or totally destroyed to r condition ratio-
<br />factory to sand Beneficiary, or said amount or any portion thereof may be released to the Trustor 1s,. any such event neither the
<br />Trustee nor the Beneficiary shall be obligated to see to the proper application thereof; nor shall the amount so released or used
<br />be deemed a payment on any indebtedness secured hereby. Such application, use and'nr release shall not cursor waive any
<br />default or nutter of de( *oil hereunder or invalidate any act dune pursuant to such notice Any unexpired insurance and all re-
<br />- ` turnable insurance preemuma shall insure bu the benefit of, and pars to, the purchaser of the property covered thereby of any
<br />Trustee's says held hereunder If said property is sold pursuant in the power of sale contained herein or pursuant to any decree
<br />of f"actiami s, all right, title and interest of Trustor in and to the proceeds of fire and other trisurante policies far damage factor
<br />W lhs sale, which procssds are not received prior to the data of said sale, shall belong to Beneficiary Truster will comply with
<br />such other requirements and provide such other type of insurance as Beneficiary may require from runt to time for the protec-
<br />tion by insurance of the interest of the impactive peruse heretu.
<br />TAXES AND OTHER SUMS DUE: To pay, satisfy and discharge, at teast to ten (10) days before delinquency all general and
<br />spacial taxes and asawmena and other public charges, and in no event later then like date such amounts become due and to
<br />-- .further pay when des at requested: ( l) all encumbrances, charges and liens, with interest, on such property, or any part thereof,
<br />which are, at appear to beneficiary, in its sole discretion, to be prior to err superutr hereto, (2) all cuss. fees and eapenom alibis
<br />trust, whether or out described herein. (3) fees or charges fur any statement regarding ttoe obligation sticured hereby in any -
<br />amuanl demanded by Beneficiary. not to exceed the maximum ■m ourst allowed by low therefor at the time when ouch request
<br />to made, Ill such other charges " the Beneficiary may deem ressunuble for services, rendered by Beneficiary and furnished at
<br />the request o(Trwwr or any successor in interest to Trustor, (S) of such property includes a Ieasehold estate, all payments and -
<br />obligations required of the Trustor or his success" in interest under the tern, of the instrument or instruments creating ouch "
<br />IrsaeAold, i6) all payments and monetary obligation- required of the owner of such property under any declaruuuu of cove -
<br />- nonts, enndmtiono and restrictions pertaining to such property or any utuftficatiun thereof, (7) all nwrlgagr utouruutr or
<br />Guaranty fen, premiums, or charges of any nature pertaining to such property. Trustor agrees ti, notify Beneficiary ttomedi- -
<br />-' -stely opus raoetpt by TrusWr..f ootics of any mcresst in thessora -rd value.dauch property and agrees that Beneficiary, in the
<br />-- name of Trustor, may contest by appmprtate proceedings ouch increase in assessment _
<br />In the event of the pass&#* of any law daducting from the value of rend property for the purposes u(taxatiun any lien thereon
<br />or changing its any way the laws f" the taxation of drsda of urust"dobts secured by deeds of trust fur orate ar local purposes, or
<br />the manner of the coBoctiun safety, such taxes, so as to affect this Deed of Trust, the holder of this Dead efTruet and ofthe abli-
<br />- matrons which it secures shall have the right to declare all sums secured hereby due as of a date to be specified by not leas than -
<br />Wilaye' written notice to tae given w Trustur by Beneficiary; provided, however, that such election *hull beineffectiveifTrust
<br />or is permitted by law W pay the whole u( such tax to addition to all other payments required hereunder and if, prior to such
<br />" - - specified data, does pay such tax and agrees to pay any such tax when hereafter levied or assessed against such property, and
<br />such agreement shall consulate, a modification of this Dead of Trust. -
<br />FUNDS FOR TAXES AND INSURANCE: If Beneficiary shall so request, Trustor agrees that there shall be added to the
<br />periodical payment required to be made hereunder an amount counseled by Trustee to be sufficient to enable Trustor to pay, at
<br />brat thirty I30) days before delinquency, all general and special taxes, assessments, or other public charges against ouch plot,
<br />arty, the Promissory Note, or upon or on accusing. of the debt or tilt lien of the Deed of-Trust, together with prenstnms fur incur,
<br />- &race required to be provided under this !lead of Trust and all mongage insurance " guaranty fees, preniunu or emitter charges
<br />slid no interest shall be peyabie to Trustur in respect thereof Upon demand by Trustee, Trustor *hall deliver to Trudee ouch
<br />additiorrrl suns of rnortey us ate necessary to make up any deficiency in the amounts necessary to ensWe Trustee to pay any of
<br />the foregoing heals -
<br />SUMS ADVANCED TO BEAR INTEREST: To pay immediately upon demand any some advances or paid by Beneficiary
<br />car Trustee under any clause or provision of this !lead o(Truat. Any such sums, until sir repaid, shall I —isred hereby and bear
<br />lowest faun the date advaro.e) at paid at the associate as set firth in stroll Prumt*saty N..le and aha1I be set -.erred by this i ired
<br />of Trust
<br />ASSIGNMENT OF DEPOSITS; That as additional security if this be a construction loan, Trustur hereby transfers and
<br />assigns W Beneficiary during continuance of these Trusts, all right, title and interest to any and all monies d iptiosird by Trust
<br />at or doploon of ern behalf of Trust" with any city, wunty, public toady or aganey, sanitary dish,, t, gas and or rim(ric nom
<br />pany, tslefrburae cumta.ny said any other body or agency, for the installation or to secure thr uutallutiun .f any utehly I,)
<br />Trustur, perWotng W this property.
<br />FAILURE OF TRUST OR TO COMPLY WITH DEED OF THUST. In the event Trustur should fail to mike any payment, or
<br />to do say art as provided in this fired of Trust, or foil to perform any obligation secured by iht* 1)eeah o(Tru■t, or do any s,. t
<br />Trustur sgreed not to do, ffrnrfirsry, but without obhgattan s, to des and without ..sirs t:. o, drmoaiJ spot, I'Viiaotot and wait,
<br />outrrissaingTrustrofromoilyobligationbrrsufanti withouttuntesungihevalidi tynrrowua.dthrranir rnayla,p.ay -,A.-
<br />ur do the same in sash glossarist said to such extent as at may derin nr, r#gntry to protect the st- .ur,ty brigs}(, flener`to;ury I.cir:g
<br />soth.riaed to stotal of.,,. w.h property fit au, b pulp—to, and (bt pay 1wr, hoot, eontrat of any too, ilia hr,io, e
<br />t)isrot,u non -lot, 1, an )udgrrn*nt is err.plets W tx prior err supetwi linnets wml I,) n, lasel, slue any eat b )ia.r t, pay rind
<br />gr-1, 5 eta, tae* and es,r una ruq,Li v ,,,o nail and pay roan *s,1'• reoe+o,al.le lees I lai.l", mgrs °tv no r cps y u,:r e.a,ur+t 6x
<br />ratt v" te,., .i, .tt t„a„J .,1 1164'. f —oi,,
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