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86-- 105428
<br />1. Payment of Indebtedness. To pay when due, the principal. of', and the interest
<br />on, the indebtedness evidenced by the note, charges, fees and all other sums as pro-
<br />vided in the loan instruments.
<br />2. Title. Trustor is the owner of the property and has the right and authority
<br />to execute this Deed of Trust in respect to the property.
<br />3. Taxes and Assessments. To pay, when due, all taxes, special assessments
<br />and all other charges against the property, before the same become delinquent, and,
<br />in the event Beneficiary shall so require, to add to the payments required under
<br />the note secured hereby, such amount as may be sufficient to enable Beneficiary to
<br />pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real
<br />estate described herein insured against damage by fire and such other hazards as
<br />Beneficiary may require, in amounts and companies acceptable to Beneficiary, and
<br />with loss payable to Beneficiary. In case of loss under such policies, Beneficiary
<br />is authorized to adjust, collect and compromise, in its discretion, all claims there-
<br />under and, at its sole option, is authorized to either apply the proceeds to the
<br />restoration of the property or upon the indebtedness secured hereby, but payments
<br />required by the note shall continue until the sums secured hereby are paid in full.
<br />5. Repair, Maintenance and !Ise. To promptly repair, restore or rebuild any
<br />buildings or improvements now or hereafter on the property; to keep the property
<br />in good condition and repair, without waste and free: from mechanics or other liens
<br />not expressly subordinated to the lien hereof; to riot make, suffer or permit any
<br />nuisance to exist nor to diminish or impair the value of the property by any act
<br />or omission to act; and to comply with all requirem^nts of low with respect to the
<br />property.
<br />6. Condemnation. In the event the property, cr any part thereof, shall be
<br />taken by eminent dimain, Beneficiary is entitled to __,ilect and receive all compensa-
<br />tion which may be paid for any property taken ,c_ damages to property ..ot taken,
<br />and Beneficiary sahli apply such compensation, at its option, either to a reduction
<br />of the indebtedness secured hereby or repair and restore the ;;re -erty so token.
<br />7. Performance by Beneficiary. 8ereficiary ..ay, '.ut shall have no obligation
<br />to, do any act which Trustor has agreed but `aLled to co, erg 13efieficiary may also
<br />do any act it deems necessary to protest U-e lien hereof. Trust r agrees to repay,
<br />upon demand, any sums so expended by 13er :efi: :iary for the above purposes, and any
<br />sum so expended by Geneficiary shall ded to ttie indebtedness secured hereby
<br />and become secured by ✓he _.ien nereor. nz ;fir_'_.ar, Khali ncur any personal
<br />liability because of any`hinn it may . -;o u'dt co
<br />8. Assiqnment of ;er'-s. Ber•efi_- _ a r; srr_,_ -uhr, ,cwer and authority
<br />during the continuance c' this Deed 1: L, :.t e rPr 5,'.S SUE- S and profits
<br />of the property and of y wdth _r without taking
<br />possession of the _-rope_ �; aff.._te� `ere c; _,_, r eby s '_.. i_:tely and uncondi-
<br />tienaliy assigns all sv ,. Beneficiary,
<br />however, hereby conser-t.s to '__.. r' iCo_`i• c ;.i cf sucn rents, .issues
<br />and profits as they ac__,;e �:ustur is not, at such
<br />time, in default uitt, ._spec payment ; _'dat._6r; c_ ,.cured hereby, or in
<br />the performance of .rry :_lieu t ei described here-
<br />after in, respect tr thi Dee ur „' s. _._._LC _ J rontinuinQ, Ber:efi-
<br />ciary, as a matter cif right and i' _r lice ..._ anyone claiming under
<br />Truster, and withuut reczard to t'ie ue -e ,tatu ur the interest of the
<br />Truster thereir;, :�hal' 'gave t hre r�av? r- :r, _ ,�di ticn to
<br />appoint a receiver of trr roperty
<br />9. Transfer of Property. : r i ,_ t
<br />. terest_
<br />of Trustor therein is so? arlsrE__.. :,i u. ',Ji
<br />thr, r•r.pres -s
<br />,or written cori exit v. 9�'rref iC.ldr y, `j6il_t i'.l�,ry ?J,
<br />Llf �_.: `.pie
<br />i..t)t_C :�'�,
<br />JC" 1 %li r° 711
<br />sums secured by this Deed cr trus tCi ':JL ',tei.V Jut.
<br />e
<br />an !. 1rDL:e�Ct
<br />to the remedies available %;.. :t �: -Ij'er t . r'r_ i.. JI;_t r ,..
<br />/= ��.n :-
<br />10. Event' of i)efault. Any :f
<br />of �,ereur,der:
<br />_.
<br />
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