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A
<br />55- 001161
<br />FOR THE PURPOSE OF SECURING:
<br />(a) The payment of indebtedness evidenced by Trustor's note of even date herewith in the principal sum of
<br />THIRTY -FIVE THOUSAND SEVEN HUNDRED AND NO 100 - - - - - - -
<br />_ - - _ _
<br />($ 35.700.00 ), together with interest at the rate or rates bother
<br />Provided therein, (herein, together
<br />with any and all renewals, modifications,
<br />and extensions thereof, referred to as the "Note ") both principal and
<br />interest on the Note being payable in accordance with the terms set forth therein, reference
<br />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 March 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 />I. 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
<br />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 cone the Property;
<br />periy; the Property is free and clear
<br />of all liens and encumbrances except liens now of record; and Trustor
<br />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 co ndition
<br />and shall not commit waste or permit impairment
<br />or deterioration of the Pro nd ply with the pro-
<br />visions of any lease if this Trust Deed is on a leasehold. No improvement now
<br />oPertya
<br />erected upon the
<br />shall be altered, removed or demolished without the prior written consent of B with
<br />eneficiary. Trustor shall mply
<br />all laws, ordinances, regulations, covenants, conditions and restrictions affecting
<br />Property
<br />the 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, ffer
<br />dition or restriction. Trustor shall complete
<br />or restore promptly and in good workmanlike manner any improvement
<br />on the Property which may be damaged or destroyed and pay, when due,
<br />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 personal property, constituting the Property,
<br />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
<br />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
<br />or as Beneficiary may require for its
<br />protection. Trustor will comply with such other requirements as Beneficiary may from time
<br />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
<br />and Beneficiary as insureds, as their respective interests may appear, and provide
<br />that there stall be no cancellation or modification without no less than 15 days
<br />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 s_ch insurance
<br />in accordance with the provisions of paragraph 7 hereof. Trustor
<br />stall deliver to Beneficiary the original policies of insurance and renewals thereof
<br />or memo copies of such policies
<br />and renewals thereof. Failure to furnish such insurance by Trustor, or renewals
<br />as required hereunder shalt, 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
<br />attributable to the Property, and leasehold payments or ground rents, if
<br />any, before the same become delinquent. Trustor shall promptly furnish to Beneficiary
<br />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
<br />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
<br />that may be enacted imposing
<br />payment of the whole or any part thereof upon the Beneficiary.
<br />6. Additional Liens end Protection of Beneficiary's Security. Trustor shall make all payments of interest
<br />and Principe, and payments of any other char ges, fees anti ex enses contracted
<br />P
<br />holders or to be Paid to any existing lien
<br />Prior beneficiaries under any prior deed of trust or mortgage before the date they are delinquent and
<br />Promptly pay and discharge
<br />any and all other liens, claims or charges which may jeopardize the security granted
<br />herein. If Trustor fails to make any such payment or fails to perform
<br />any of the covenants and agreements con-
<br />tained in this Trust Deed, or in any prior mortgage or deed of trust, or if any action or proceeding is commenced
<br />which materially effects Beneficiary's interest
<br />in the Property, including, but riot limited to, eminent domain pro-
<br />t, or proceedings involving a decedent, or if Trustor fails to Pay Trustor's debts
<br />then Beneficiary,
<br />generally as they become due,
<br />at Beneficiary's option and without notice to or demand upon Trustor and without releasing
<br />Trustor from any obligation hereunder, may make
<br />such appearances,
<br />s
<br />necessary to protect Beneficiary's interest, including, but not limited to, d disbursement
<br />qJ;1
<br />ofsreasonable attoreney s fees,
<br />Payment, purchase, contest or compromise of any encumbrance, charge or lien, and entry upon the Property to
<br />make repairs. In the event that Trustor shall tali to
<br />procure insurance or to pay taxes, dssessments, or any other
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<br />Hey. 7184 Pdge 2 01 6
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