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6-- 105651
<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 czhatrges 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 5; 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 ether hazards as
<br />Beneficiary may require, in amounts and companies acceptable to Beneficiary, and
<br />;gait, 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 />S. ?eoair, Maintenance and Use. 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 tc the lien hereof; tc not make, suffer or I7ermit any
<br />nuisance to exist nor __ ciminish Or impair t`'e val;;e Cf the ;property tv any act
<br />or omission to act, and to _tamcly wit ail reci iremerts of law wit resoect to the
<br />property.
<br />6. f-ondemnation. the event the _roperty, or any part thereof, shall be
<br />taken ny eminent don Beneficiary "_e 1 t receive t
<br />domain, Eon_ lacy __. _. __ a � collect an„ e ve air compensa-
<br />tion wrtich may be pail for any property taker or fcr damages to property not taken,
<br />and Beneficiary saht_1 amply such compensation, at its option, either to a reduction
<br />of the indebtedness secured hereby or to repair and restore the property _o taken.
<br />?. Performance by Beneficiary. EeneQ ciary may, but shall have no obligation
<br />tO, or, any act which Trustor �:as agreed but failed to do, and Beneficiary may also
<br />do any act it deems necessary to protect the lien hereof. Trustor agrees to repay,
<br />upon demartd, any Sums so expenLei by Beneficiary for the above purposes, and any
<br />sum so Expended by beneficiary shall be added to the indebtedness sLLured hereby
<br />and become secured by the lie- hereof. P =neficiary snail not incur any personal
<br />liability because of anvthing it may do or Bit to do hereunder.
<br />B. As .i 0 mtent of Rents. Beneficiary shall naue the rich` power and authority
<br />during the continuance of this deed of Trust to collect the rents, issues and profits
<br />Of the Property and of any personal property is ated thereon with or without taking
<br />possession of the property affected hereby, and 'rustor hereby absolutely and uncondi-
<br />tionally assigns all such rents, issues and crofits to Beneficiary. beneficiary,
<br />t>owe•ver, `teret<y consents tc ",u =_tar's woilectiDn ant .eteniior of such n
<br />re ts, issues
<br />anc profits as they ao_ru_ anc oecome oayanie, so _On as roster i not, at such
<br />__,=se, in default tr respect payment of indebtedness , secu
<br />wi spec_ _ Daym_n_ any indet _ s _ _ed hereby, cr in
<br />tie performance of any agreement tere rjer. if any evert _ default described here-
<br />after P respect to this Deed of 7rust stall have occurrec and be _ontinuing, Benefi-
<br />ciary, as a ratter r rig^:_ ' and wit.,,, ,, notice tc 'rush. or an yone claiming under
<br />rusttcr, and without regard *_c the value ov the ..rust estain or the interest of the
<br />- rustar therein, shall have the . � ,
<br />igw,.
<br />apply any court iavi ^Q isC]1Ctier+ tO
<br />aopcint a receiver of the property.
<br />9. Transfer cf property. :f air any part of the Property or any interest
<br />of Trustor therein is sold, transferred or further en,namSereC without the express
<br />Or written consent Of Beneficiary, ie'te.fi iar may, at its sole action, declare all
<br />s secured by this bleed of trust to be immediately due ant payable and proceed
<br />..c the remedies available to it Yoder the default provisierts to- rained herein.
<br />10. Events Of Default Any of the 1C:_Cwi ^g evenis ;,hail We deermet an event_
<br />of default hereunder
<br />a' Trostcr ,trail have fared -
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<br />stallment interest Za!' Wail u:
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