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<br />A !
<br />06047#
<br />FOR THE PURPOSE F SECURING:
<br />(a) The payment of indebtedness evidenced by Trustor's note of even date herewith in the principal sum of
<br />FIFTY -THREE THOUSAND FIVE HUNDRED SIXTY AND NO /100 - - - - - - - - - - Dollars
<br />($ 53.560.00 1, together with interest at the rate or rates provided therein, (herein, together
<br />with any and all renewals, modifications, and extensions thereof, referred to as the "Note") both principal and
<br />interest on the Note being payable in accordance with the terns set forth therein, reference to which is hereby
<br />made, the final payment of principal and interest, if not sooner paid and if no renewals, modifications or extensions
<br />are made, due and payable on February 1, 1993
<br />(b) The performance of each agreement and covenant of Trustor herein contained; and
<br />(c) The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced
<br />under the terms of this Trust Deed.
<br />TO PROTECT THE SECURITY OF THIS TRUST DEED, TRUSTOR HEREBY COVENANTS AND
<br />AGREES AS FOLLOWS:
<br />1. Payment of Principal and Interest. Trustor shall promptly pay when due the principal of and interest
<br />on the indebtedness evidenced by the Note, and all other charges and fees as provided in the Note, and the principal
<br />of and interest on any Future Advances secured by this Trust Deed.
<br />2. Warranty of Title. Trustor is lawfully seized and possessed of good and indefeasible title and estate
<br />to the Property hereby conveyed and has the right to grant and convey the Property; the Property is free and clear
<br />of all liens and encumbrances except liens now of record; and Trustor will warrant and defend the title to the
<br />Property against all claims and demands.
<br />3. Maintenance and Compliance With Laws. Trustor shall keep the Property in good repair and condition
<br />and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the pro-
<br />visions of any lease if this Trust Deed is on a leasehold. No improvement now or hereafter erected upon the Property
<br />shall be altered, removed or demolished without the prior written consent of Beneficiary. Trustor shall comply with
<br />all laws, ordinances, regulations, covenants, conditions and restrictions affecting the Property and not commit, suffer
<br />or permit any act to be done in or upon the Property in violation of any law, ordinance, regulation, covenant, con-
<br />dition or restriction. Trustor shall complete or restore promptly and in good workmanlike manner any improvement
<br />on the Property which may be damaged or destroyed and pay, when due, all claims for labor performed and ma-
<br />terials furnished therefore and for any alterations thereof.
<br />4. Insurance. Trustor, at its expense, will maintain with insurors approved by Beneficiary, insurance with
<br />respect to the Improvements and perscnal property, constituting the Property, against loss by fire, lightning, tor-
<br />nado, and other perils and hazards covered by standard extended coverage endorsement, in an amount equal to at
<br />least one hundred percent of the full replacement value thereof and insurance against such other hazards and in such
<br />amounts as is customarily carried by owners and operators of similar properties or as Beneficiary may require for its
<br />protection. Trustor will comply with such other requirements as Beneficiary may from time to time request for the
<br />protection by insurance of the interests of the respective parties. All insurance policies maintained pursuant to this
<br />Trust Deed shall name Trustor and Beneficiary as insureds, as their respective interests may appear, and provide
<br />that there shall be no cancellation or modification without no less than 15 days prior written notification to Trustee
<br />and Beneficiary. In the event any policy hereunder is not renewed on or before 15 days prior to its expiration date,
<br />Trustee or Beneficiary may procure such insurance in accordance with the provisions of paragraph 7 hereof. Trustor
<br />shall deliver to Beneficiary the original policies of insurance and renewals thereof or memo copies of such policies
<br />and renewals thereof. Failure to furnish such insurance by Trustor, or renewals as required hereunder shall, at the
<br />option of Beneficiary, constitute a default.
<br />5. Taxes, Assessments and Charges. Trustor shall pay all taxes, assessments and other charges, including,
<br />without limitation, fines and impositions attributable to the Property, and leasehold payments or ground rents, if
<br />any, before the same become delinquent. Trustor shall promptly furnish to Beneficiary all notices of amounts due
<br />under this paragraph, and in the event Trustor shall make payment directly, Trustor shall promptly furnish to
<br />Beneficiary receipts evidencing such payments. Trustor shall pay all taxes and assessments which may be levied upon
<br />Beneficiary's interest herein or upon this Trust Deed without regard to any law that may be enacted imposing
<br />payment of the whole or any part thereof upon the Beneficiary.
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