g The Trua eveasats and ogres„ as follows: 86- i oeSS2
<br />a. He will promgdly pay the i►dd. La dud ss r ideored by raid prowissory note at the times and in the
<br />m uer therein provided.
<br />8. He will pay all taxes, arresaments, water rates. and other governmental or municipal charges, fines or
<br />imimmlierW for which provision has not been made hereinbefore, and will promptly deliver the olirial re-
<br />eeipls th"OW to the Beneficiary.
<br />r. He will pay such expenses and fers as may be incurred in the protection atd, maistsmaaoe of said
<br />pro perty. indedling the fees of sny attorney employed by the Beneficiary for the collection of eery or all of the
<br />t aleblmMer hereby secured, of such expenses and fees as may he incurred in any forselwure oak by the
<br />Tnowr or court proceedings or in any other litigation or proceeding affecting aid property, ants attomys'
<br />foas't mostably inur ed in any other way.
<br />d. The rights created by this conveyance shall remain in full force and effect during any postponement
<br />or cut etnai it of the time of the payment of the indebtedness evidenced by said note or any part thereof secured
<br />hereby.
<br />e. He will continuously maintain hazard insurance of such type or types and is such amounts se the
<br />Beneficiary may from time to time require, on the improvements now or hereafter on said property. and will
<br />pay; promptif" wheni, flue any premiunds therefor. All insurance shall be carried in companies acceptable to
<br />BimeAtitary and the policies and renewals thereof shall be held by Beneficiary and have attached thereto lose
<br />pay-bb tiawme in favor of and in faros acceptable to the Beneficiary. in the event of e,w,Trustorwill give
<br />itwt edieM nailra in writing to Beneficiary and Beneficiary may make proof of low if not made promptly by
<br />Trustorsed verb insurance company concerned is hereby authorized and directed to stake payment for such
<br />low directly to Beneficiary instead of tuTrustorsud Beneficiary jointly, and the insurance proceeds, or any
<br />part thereof, may be applied bar Beneficiary at its option either to the reduction of the indebtedness hereby
<br />semarsi or to the restoration or repair of the property damaged. In the event of a Trustee's ale or other
<br />transfer of title to said property it rztinguishment of she indebtedness secured hereby, all right. title, and
<br />interest of the Trustosn and to stay insurance policies then in force shall pass at the option of slits Beneficiary
<br />to the purchaser or Beneficiary. \
<br />J. He will keep the said premises in ar goo4l order and condition u they are now and will not commit or
<br />permit any waste thereof, ressw►abk wear and irar excepted, and in the event of the failure of theTrustorto
<br />keep the buildings an said premises anti those to he erected on said premises, or improvements thereon, in
<br />good repair, the Beneficiary spay make such repairs as in the Beneficiary's discretion it may deem necessary
<br />for the proper preservation thereof, and any sums paid for such repairs shall beer interest from the date of
<br />payment at the rate specified in the note, shall be due and payable on demand and shall be fully secured by
<br />this Dodd of Trust.
<br />!f. He will not without the prior written consent of the Beneficiary voluntarily crate or permit to be
<br />created against the property subject to this Deed of Trust any lien or liens inferior or superior to the lien of
<br />this Deed of Trust and further that he will keep and maintain the same free from tin claim of all persons
<br />supplying labor or materials which will enter into the construction of any and all buddimp now being
<br />eeo-as at to be meted on said premism.
<br />A. He will sot rent or assign any part of the rent of said property or demolish, remove, orsubstantially
<br />AW my building without the written consents of the Beneficiary.
<br />y. In the event 1heTrustorfails to pay any Federal, state, or local tax assessment, income tax or other tax lien.
<br />rhaspe, foe, at other expowe charged to the property hereinabove described, the Beneficiary is hereby authorized to
<br />pay the same and any sum se paid by the Beneficiary shall be added to and become a part of the principal amount of
<br />for imdeliledw evidenced by said promissory note. if theTrustorrinall fay and disrharge the in&Modmess evidenced
<br />by ennui >pnennirrsry sate. and dull pay such sums and shall discharge all taxes and liens and the costs, for, and ex-
<br />peoraa,of ttnakiag, safsmiwg and executing this Deed of Trust. ' then, upon written request of
<br />Beneficiary and the surrender of the Deed of Trust and the note to the Trustee, the
<br />Trustee shall, after payment by Trustor of the Trustee's fees, reconvey the property
<br />to the Trustor, or to the person or persons legally entitled thereto.
<br />10. The Trustor covenants that he is lawfully seized and posaussed of and has
<br />the right to sell and convey said property; that the same is free from all encumbrances
<br />except'. liras and encumbrances now of record; and that he hereby binds himself and his
<br />succaaore its interest to warrant and defend the title aforesaid thereto and every
<br />part thereof against the lawful claims of all persons whomenever.
<br />11. For better aenrity,of the uue6edmim hereby secured the Trustorupon the sequwt of she Beneficiary. its
<br />oweessom.ar sa iom, shall execute lewd deliver a supplemental mortgage or wartfppe covering any additions, im-
<br />M«e N. e. b@"W mmb � to ib pwpany bommahwe daWribed sad all prspesty eaqueed after the date
<br />hereof Isis le brw smisfactory to Grans"). Furthertwem. s! waWrustorfall to awe any "amb in the payment
<br />of'a prior or infasin► encumbrance on the property described by this instrument. TrustP%er* to permit
<br />ieiemry' -tm care wteb defwh, but 8eneicia pa
<br />ry ts tot obltaaled to dies M: lewd web adtreweae shall horses pr ri of
<br />Ldte bad oreured by this i"rnn om..wI j. - to the "me wr•ow and $=*"at.
<br />It That 811 awdtsds of dledasew in ematimiam with any condemnation for public an of or injury to may of said
<br />ls*Pmy' sea 11101eby snigaad and shall he laid to Rewofieisry, win may apply the.amas to payment of the installments
<br />Swi dies radar slid we* and tin 8awAriary it bemby authorised, in tine Santa of th4rubfor to mats "S and deliver
<br />walls thereof and to appeal kale may such award,
<br />c,d t
<br />
|