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2• Palmtent of Principal and Interest, Trustar shall punctually pay the principal of, and interest on, said
<br />Promissory note including any advances thereto as provided herein on the dates and at the place and in the
<br />manner provided therein and will punctually perform all agreements,. conditions and provisions of any other
<br />security instrument given in connection with this transaction.
<br />3. Pressi"tion and Maintenance of Property: Trustor will not commit any waste upon the Property and will, at
<br />all times, marntam the same to good order and condition and will make, from time to time, all repairs, renewals,
<br />replacements,
<br />additions and improvements which are reasonably required to prevent wast `r
<br />deterioration of said property. No building or improvement now or hereafter erected upowast r
<br />e, Property impairment, o
<br />aftered, removed or demolished without the prior written consent of Beneficiary. n the
<br />4• Insurance. Trustor, at its expense, will maintain with insurors approved by Beneficiary, insurance with
<br />respect to the improvements and
<br />tornado,' and oilier personal property, constituting the Property against loss by fire, lightning,
<br />perils covered by standard extended coverage endorsement, in an amount equal to at least
<br />one hundred percent of the full replacement value thereof; and insurance against such other hazards and in such
<br />amount as is customarily carried by owners and operators of similar properties and as Beneficiary may require
<br />for its protection. Trustor will comply with such other requirements as Beneficiary may from time to time request
<br />for the protection by insurance of the interest of the respective parties. All insurance
<br />Policies mainine pursuant to this Trust Deed shall name Trustor and Beneficiary as insureds, as their respective interests ta may
<br />appear, and provide that there shall be no cancellation or modification without fifteen days prior written
<br />notification to Trustee and Beneficiary. In the event any policy hereunder is riot renewed on or before fifteen
<br />days prior to its expiration date, Trustee or Beneficiary may procure such insurance in accordance with the
<br />provisions of paragraph seven. Trustor shall deliver to Beneficiary the original policies of insurance and renewals
<br />thereof or memo copies of such policies and renewals thereof. Failure to furnish such insurance by Trustor, or
<br />renewals as required hereunder shall, at the option of Beneficiary, constitute a default. All unearned premiums
<br />are hereby assigned to Trustee as additional security and a sale and conveyance of the Property by the Trustee
<br />shall operate to convey to the purchaser the Trustor's interest in and to all policies of insurance upon the Trust
<br />Property.
<br />ca. T8xes and Assessments. Trustor shall pay all taxes and special assessments levied or assessed against or
<br />due upon the Property before mencs, Y, and wil! deliver to Beneficiary copies or receipts showing payment of
<br />such taxes and special assessments.
<br />6. Additional liens, Trustor shall make a!l Payments of interest and principal and payments of any other
<br />charges, fees, and expenses contracted ti) be paid to any existing lien holders or prior beneficiaries under any
<br />prior Trust Deed, Mortgage or other security agreement, before the date they are delinquent and to pay any
<br />other claim which jeopardizes the ,ecurity crrinteci fterein.
<br />7. Protection of Beneficiary's Security. Sh"flld Tr!.istor fail to make any payment, fail to do any act as herein
<br />provided, or if any action ur pror:ee dinrl i5 t ;un,rflF�nced v'.'hich materially affects Berieficiary's interest irl the
<br />Property, including, but not limited try, t�fitirlent dorria in, iilSOlvP..nc
<br />bankrupt Or (iecedent, then f3enf4! ; v, arrangements or proceedings involving a
<br />( iary or fill but v"ahout obligation to do so, and without notice to or
<br />demand pay, Trustor, <�nd witftQt t rPI( ;a ;ins l r(astor frc)rn any obligation hereunder, may make or do the same,
<br />4trn1 may pay, purchaaee ccintc t ru corfipiomise any ericumbranc'e:, charge ar lien, which in the judgment of
<br />liatAir appears to affc�c,t s�arci F'rOpe,rtl;, in Nxt�r i <,nlq ally Duct: dowers the Beneficiary or Trustee may incur arty
<br />Itat)ility and f-xpend whatever afnounts, Inc #I,ding disburse reel is _it rr?asanat.>1e attorney's fees, which in their
<br />absolute discretion, may of (rt t ,sc a'Y Ill }hF, r ;VF?nt thaat Trkl it() `)f ! f a,i rr"
<br />and sw( "al assessments ('f to ifi,,akt", any paVttientS to P.[ ;Stsr}f .,r Pfocwe insurance or t() �1dy taxes,
<br />Beneficiary May roar e i -1 or prior li(:n troide(S or beneficiaries, the
<br />Y p Ir i ca; nsurance and make stl(:h payfrre?nts_ All sums incurred or expended by
<br />Beneficiary or Tnmste(! iii a, t ordnance with the provisions at this Trust Deed are secured hereby and, without
<br />dernand, shall be ininlediatl #r, dire rrit7 payable by f rustor Qand sha## t >+� of tnterc��t at the Maximum allowable legal
<br />rate provided, however, thief tat !h €> > ,
<br />rralancraof any irtciebt''ydnes `f'c ;i.lr(d t�fttfiby)far i shf31 #fit( r The rSanE it „E (,+So, r S may be added to The principal
<br />payable ratably Giver th(� reinatitinq tt> ?t ,as sr,c�h Indebtedness and shall be
<br />ern thfa(�(tf.
<br />B. Assignment 11 Rents. tae neafi( ;isary shat# tray( tilt ritaht, liuwer anti ateriority during the continuance of this
<br />Trrast Deed to c,ollec ;t the rent,, isst,fa5 Arid l:,roht5 ctt thf� f rcrp€artd anti �sf ,,,,Fly personal pro
<br />with car withofat taking possrrssioft of the tsrt� of I ,rife >� property located thereon
<br />tr.` d ) rF tiy, an(1 Trustor hereby absolutely and
<br />tancondlhonally tulle ns ail srlch rents, issues and profits I:o 13f�f ff�r�a, Horieaficrary, however, hereby r,onseant'+
<br />to the 'f rc(stor s ro!lsattft,n and ►eateriU(,_rrr of sue „h rents, i ,Lie, ,aril .t pf ,tits as tt)f•y ref: ;crtre and becornh: F)ayab #ia s(y
<br />IhP e� Trrridnr a not, y SIICh tarries, in default with ie spf t t t ") pcivrilerit of any int�t��t)iF, ?dn ; S @( ;Ufa {j h4rr?fa'v` i)r iii
<br />itT£ p?ff('Drri "iant'e of any ia(('f?frenf tleretln(ler i_.ipoI_I an'y sijch ;Ile"au, Ijf'r't'ilC�f at rd
<br />l rsfrn, try tayent, ur by ra f0Cf,'aivvr to be appointEC1 try a C�ri.lrt, L'lifl( i_it i 1_c, a <'ar?Ct Without �� bat any tI lie, ea tiler in
<br />Of arty ,iarlt for the indebtednras hert.t) gut regard to the ad(�it,JacV
<br />y ' y securfatl, (,_al f ntr'1f ifliiin �atr t take possession of the;; Propt "It r,I :arl;
<br />Part thereof. and ire its owrt main(, RJV for Or ,ether \jyIse> r ;(a{ie >r 1 such rr =rttti i� uta, ,�r ;d ;�rsafits, ,nc;#ud r)r: tt �v,,
<br />Chie sand unv aid, and apply the same l��£ ;�i �(l' tS raftd expenses of C) . � � ' t fl ti,ist
<br />it"Of"e f t ISE,rriur.n if)d C:0110cticln, Iricjudlti,� tf =ayt s �tl$4r�
<br />y . 4ipor.t any indr?bted ►'It(y5 secured hereby, and if) staCh ordfFr' as f f ?!'it ;�ffc'i�ary tT? y
<br />Perform �aL6i_`h acts of ff'p air (tr prfJt!`('tlon aN may be tie(,(4ss ary r',r �lrOpF+f to 1 1:'r)ny(.'•'e'f� ttlfa i (!a,
<br />CI` the ilt ie (.1t arty eta ►f theafe(af f 1 rental, Vtalut of t fr 1= rt7t " "11y
<br />do-tate Unless tustor drift Herlcthnaty at
<br />r(�etat rer.Vi��t:, r�� ►writir�cl� <lnyaafaf) #ir�attitynldil��r�� ��as iris it �t,fr t,:r,r irt�a4,
<br />inc tttedr ss *(:ufed hereby shills r � h,l,t� 1, t fijti t
<br />lot extf:�nd
<br />said prontissctry rr(ite r)r r Or prrstpof-rft the due date of ttt(a
<br />kr vsrie€f in flange) the ranlOt I It cif
<br />altln
<br />of r s i 5U('h inSi�a # #f7tE?rlt5 �hY; f tiif?r1r' +Y�I tJt�i:`rl ,:4SiC�
<br />�1 t fat Per( fxar.a the ('O # #eifrtCtn (,f <;ti r� re"t� fs5ut s Land prOtitw, .trill
<br />afG�ras affl �$) d e t "t' or ( air. aril`s detF.ai,ill of t)OIwe of def al,ilt Ir,,t
<br />to sfltl f; fIvIiS e rwsto! rrt.' C) r ss; ! ( "Ur rfE,I, in4tiilif,li('
<br />Pt >r tj' )al p il^ti 13r3rik ! t:ii ;a(`, t' tilt1t1f3i !,t r:4lrlt'y it r tilE Iit ff0111i t t
<br />t t - r <f��$ ; ri( ,ti 1 �U i ;frirttfF�aa ,r,it tiI CI r'
<br />""hic.h i'trriy have ht?( ?ri fit It`._i� t F rk',lftr ( h') fr
<br />lrt�a$i, ?4 fuse �f)p, 'R`"�Syg, i ° tt:. (t4`[N;'fiy 117tl t�if'b it'if i t („ .: if 1 ..ie d „j
<br />l cadCT f rr o f ran, r()ixt rn +l i 1it1 "i vt t iii l c'. ii r 1,. =rY fr. r
<br />'t � l� �'��1 i�t ?� tee rt t,;f 1 e ,i`st €f' €aa fiki("' ,
<br />W IIef To 4',fo ii V€ 1 ;'tf Ch rt?fit�, .7rrit r fe f9 - ;SCI ti.) tile. l,r- ;ntr'r `i;ii ; I
<br />,;:s h1...t ,i,i Q1 ".•1 tt) t I'`�- �P � � i.i ritt` f} t Y i =,r -
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