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86- 105121
<br />F IRF„ CASUAFFY, AND OTHER INSURANCE: To ket ,, such property insured against Ins" or damage by fin, and othernsk
<br />or risks which, in the sole opinion of Beneficiary should be insured against, under policies of insurance with Ii-.s payable to
<br />I'tene•fici.ary in form, amount and companies acceptable to Rerteficiary. Raid policiesshall be delivered bound remain in posses-
<br />.ion od 1te•nefiriary its further security for the faithful performance of these obligations, which delivery shall e,ms(etute an
<br />,is.ignenent by Truster to Beneficiary of all rights thereunder, including all return premiums: to deliver tit Beneficiary a policy
<br />or 1oe,hcies renewing or extending any expiring insurance with a receipt showing premiums paid at least thil-tv13 )ad.ays before
<br />expiration. ICTrustor fails to so deliver any renewal policies, Beneficiary may procure such insurance as it may elect and may
<br />make payment of premiums thereon. which payment is repayable tin demand. Neither Trustee nor Beneficiary shall herespon- '
<br />sible for obtaining nr maintaining such insurance. Beneficiary, from time to time, may furnish to any insurance agency or
<br />- nmp;any. nr any other person, any information contained in or extracted from any insurance police theretofore delivered to
<br />Itcneficiary pursuant hereto, and any information concerning the loan secured hereby. In no event and whether or -lot default
<br />heresander has necurred shall Beneficiary, by the fact ofapproving, accepting or obtaining such insurance, incur any liability
<br />lhr the amount of such insurance, the form or legal sufficiency of insurance contracts, solvency of insurers. or payment of
<br />losses by insurers, and Trustnr hereby expressly assumes full responsibility therefore and liability, if any, thereunder. In the
<br />event of loss, Trusu,r shall give immediate written notice to Beneficiarj, and Beneficiary may, but is not obligated to- mane
<br />p"if of loss if not made promptly by Trustnr. In case of any less 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 />hereby and in such (order and amount as Beneficiary may determine; or said amount or any portion thereof may, at the option
<br />i4 the Beneficiary. either be used in replacing or restoring the improvements partially or totally destroyed to a condition satis-
<br />fartory to said Beneficiary, or said amount or any portion thereofmay he released to theTrustur. In anysucheventneithe•rthe "
<br />Trustee nor the Beneficiary shall be obligated to see to the proper application thereof: nor shall the amount so released or used
<br />he deemed it payment on ;my indebtedness secured hereby. Such application. use and. tar ea-lease shall not cure or w:uvr any
<br />default or notice of default hereunder or invalidate any act done pursuant to such notice. Any unexpired insurance and all re- "
<br />turnable insurance premiums shall insure to the benefit of, and pass W. the purchaserof the property covered therel *v at any
<br />Trustve's sale held hereunder. If said property is sold pursuant to the power of sale contained herein tor pursimrit to any decree
<br />if for rhwure. all right. title and interest of Trustnr in and to the proceeds of fire and other insurance policies for damage prior
<br />to the s de, which proceeds are ant received prior to the date of said sale, shall bebang to Beneficiary. Trustnr will comply with
<br />such other requiremenN and provide such other type of insurance as Beneficiary may require from time to time for the protee
<br />Lion by insurance of the interest of the respective parties hereto.
<br />TAXES AND 1 OTHER SUMS DUE: To pay, satisfy and discharge,at least to ten 11[11 day s hefore delinquency ail general and
<br />.pear ;d taxes and assessments and other public charges, and in no event later than the date such amounts become due and to
<br />further pay when due or requested: (1) all encumbrances., charges and liens. with interest tan sich property, or any part thereof.
<br />which are, or appear to beneficiary, in its sole discretion, to be prior to or superinr hereto, (L) all costa fees and expenses of this
<br />trust, whether or not described herein, (3) fees or charges for any statement regarding the obligation secured hereby in any.
<br />.amount demanded by Reneficiary . not to exceed the maximum amount allowed by law therefor at the time when such request
<br />is Inad -.14)suc.h,ttherchargeas the Beneficiary may deem rt astonable for services renr%red by Beneficiary and furnished at
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<br />the re yuesst of T rustor orally successor in interest tit Trustnr, ti) ifsuch property includes a leasehold estate, all payments and
<br />„bligattions required of the Trustnr or his successor in interest under the terms of the instrument or instruments creating such
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<br />leasehold, 16) all payments and monetary obligations required of the owner of such property under any declaration opf cove -
<br />nants, conditions and restrictions pertaining to such property or any modfcation thereof: (7) all mortgage insurance or
<br />guaranty fees. premiums. or charges of any nature pertaining to such property. Tr es ustor agre to notify_ Beneficiary immedi, `
<br />,an-ly upaen rtaeipt by Trastor of notice of any increase in theassessed vatueof such property and agrees that Beneftctit'. in the
<br />name -if Trustnr, may "tritest by appropriate proceedings such increase in assessment
<br />In th.•i•vent ofthc passage of tiny law deducting from the value of real property for the purtxistsof t;axatiun, any lien thereon
<br />.+rchanginginanyu aythel awsfortht• taaxationnfde• e• dsoftrust. xdebtsser-uredbydetdsoitrustf ,rstateiirbcalpurpevees - <r
<br />the itia nner of the col iection of ttny such taxes. so aic to affect this i 3eetl of Trust the holder rd this Deed otTrust: and of the obii°
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<br />_,:lion. which it :e•cures .hall have the right tat declare all sneers secured hereby due aas of a date to be specified by not lass than_ •
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<br />.;o days' a i Men n otite to he given to Trustnr by Beneficiary_ provided, however, that such election shall he• ineffertiye if Trust- .
<br />.a i� 1wrniitted by law to pity the .whole of such tax in :addition to all other payments required hereunder and if, prior tosuch
<br />ln•cdi,Yi elate. dues pay such tax and agrees to pay any such tax when hereafter levied orassessed against such property, and
<br />=tjvh agreement shall constitute a modification of this Deed of Trust_
<br />l 1'Nt)S FOR TAXES AND INSURANCE. If Beneficiary shall so request, Trustnr agrees that there shall be Gadded to the
<br />ioe•nir)ic:al payment required to he made hereunder an amoun t estimated by Trustee to be sufficient to enable Trustnr to, pay. at
<br />;i ast thol% ,Mio days before delinquency,all general and special taxes. assessments, or other public chargesagainst such prop -
<br />t•itv . thi• Pro.nnssirry Note, or uptm or son account of the• debt or the lien of this Deed of Trust, together with premiums for incur -
<br />+ncc rt quire•tl to be pr,vided under this 1hed of Trust and all mortgage insurance or guaranty fees, premiums or similar charges
<br />an,i no interest shall he payable to Trustnr in respect thereof. Upon demand hy,Trustee, Trustnr shall deliver to Trustee such
<br />;odditional sums of money as are necessary to make up any deficiency in the amounts necessary to enable Trustee to pay any of
<br />the lol,t -going items.
<br />SI'NlS Al )i•ANCED •1'c) !SEAR 1NTF:RKS T 7io pay immediately upon demand :anv sums adv; rn es tr paid by ttc•ntfirtary
<br />. Trn -t.• under :any cL•tuse nr pn +vision of this 1)e•e•d ,tf Trust. Any such sums, until it repaid .hall lr• s.•,-urof her, l,v .ond hear '
<br />from the date advanced or paid at the same rate as set forth in such Promissory Node andahail hesecured by this liwvi
<br />_ontt•rest
<br />- - o,f Trust.
<br />ASSIGNMF:NI' OF DEPOSITS: That as additional security if this be a construction boan, Trustnr hereby transters and "
<br />a.:iikns to, N-nef ieiary during continuance of these Trusts. all right_ title and interest to anv and all monirs dep,uaitrrl by Trust
<br />or or de•jxrsitcd on behalf of Trustnr with any city, county- public body nr agency, sanitan district. das and or efertn' a com-
<br />pany. telephone compariy and any ether body or agency, fnr the institltition ur to secure the installation tot anv utility by
<br />Tru,,nn. pertaining tip this property.
<br />F'.ill.I'IiN :O) --1,111'10111 It1COMI'Ll WIT111)F;EDi)FTRt :ST Inthr• eyentTrusto ,r should faeltnnakeanvpayment,n
<br />t., d+, aaty io t aes lx,,: mail to this Deed tit 7 nisi. •,r fall t„ tp rform anv olingatwn scoured bw this 1)w-d of Trust. ,,r d.z :anv act
<br />Trostor agreed not to do Beripfunary. but without e-bhKnhon s,. to dos and withriut mdotr,• to,,rdemand upon Trutrt,,r ;and with
<br />out rele asing Trust tr fri,m ;inv .,bligatinn hon „f and wif ho,ut bn rote *itng ah,• a and)ty „rcamount nfihr same, maY ow tiny. make
<br />,V di , the warm in such manner and to such rxtcnt ia- it trim d,,- to n ce. -nn t„ pnote, i the security hereof. Beneficiary being
<br />aufb,onttwl 1,,4•nte•r alum Kueh pn,liorty fnr such purpi -voi. and thi pYey, purrha.e. Contest ,irron)promi„e•any nnrumhran,•p
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<br />- i 11mg, yi Inn. t, 111,41 on its )udg.'roosot it nr:om -ar,, t„ tit, poor :,r �utx•rnor h,- r.•1,,, ;'notrri oil Hxerriuinu ank -Holt tnntFr. pny Her
<br />F,a rah f+ (, -.`> .l rid t -t 1wnn,•k. Man 1)1t,4 t'nt ribeI itnd 1,li t.`i2rr) Y to -11 ry.f 4:4., 1e f, -1— Ur ,e at To t(o FF'l,ti, lira ii in li n Wt
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