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85-or 002610 <br />L The True toreaveaaav and agrees w follows: <br />a. He will promptly pay the indeltrdnens evidenced by said promissory note at line limes and in the <br />mm mw therein prevideal. <br />b. He will pay all taxes, assessments, water rates, and other governmental or municipal charges, fiaa or <br />impositions, for which provision has not been made hereinbefore, and will promptly deliver the dikiah ro• <br />ceipte Iberefor to the Benefieiary. <br />V. He will pay such expenses and free as mat br incurred in the protection sad taaintm elm o< mid <br />property, including the fees of any attorney employed by the Beneficiary for the collection of may or all of the <br />indebtadhanw hereby secured. of such expenses anti fen as may he incurred in any fonefmaure sale by the <br />Traslm or court prueredings or in any other litigation or proceeding affecting said property, and attorneys' <br />ties reasonably incurred in any other way. <br />d. The rights created by this conveyance shall remain in full force and effect during say postponement <br />or extension of the time of the payment of the indebtedness evidenced by said now or any part tbereef etteneed <br />hereby. <br />e. He will continuously maintain hazard insurance of such type or types and in such amounts as the <br />Beneficiary may from time to time raluire, on the improvements now or hereafter on said property. and will <br />pay promptly when due any premium therefor. All insurance shall be carried in companies mwptable to <br />Bent I Wry and the policies sad renewals thereof shall be held by Beneficiary and have attached thereto loss <br />pay" ela se, in favor of sad in form acceptable to the Beneficiary. In the event of km.Trustorwill Rive <br />im seedime notice in writing to Beneficiary and Beneficiary may make proof of lee if not made promptly by <br />True torma each insurance company concerned is hereby authorised and directed to mske payment for such <br />Was directly to Beneficiary instead of tuTrustoramd Berrficiary jointly, and the insurance proceeds, or any <br />part thereof, may be applied li; Beneficiary at its option either to the reduction of the indebtedness hereby <br />Ssatsee . or to tie restoration or repair of the property damaged. In the event of a Trustees sale or other <br />trmoder of title to mid property io� extinguishment of the indebtedness secured hereby, all right, title, and <br />interest of the True toSa and to fay insurance policies then in force shall paw at the option of the Boaeficiary <br />is the pnsshmeer or Beneficiary. \ <br />/. He will keep the said premises in as good order and cundi6on as they are now and will not commit or <br />permit say waste thereof, reasonable wear and tear excepted, anti in the event of the failure of 1heTrustorets <br />keep the buildiap em said premises and those to he erected on said premises. or improvements thereon. in <br />pod repair, the Beneficiary spay make such repairs a* in the Beneficiary: discretion it my deem necessary <br />for the proper preservation thereof, and any sums paid for such repairs shall bear inters/ from the date of <br />payment al the rate specified in the note, *hall be due and payable on demand and shall be (ally secured by <br />this <br />Used of Trust. <br />S. He will net without the prior written convent of the Beneficiary vohmtarily cream or permit to be <br />created against the property subject to this Deed of Trust any lien or liens inferier or Superior to the lien of <br />this Good of True and further that he will keep and maintain the same free from the claim of all persons <br />eupplyieg labor or materials which will enter into the construction of any and all buildMgs new being <br />oreatad oe to be treated on said premises. <br />b. us will act not or assign say part of 'the rent of said property or demsliah, rwove, or substantially <br />tier my building without the written consent of tits Beneficiary. <br />4. In the event theTrustorfails to pay any Federal, xtate, or local tax msommeel. income tax or other tax lien, <br />charytm, fee, or other expense charged to the properly hereinabove th»cribed. the Beneficiary is Welty authsriaod as <br />pay He *am* and any tam so paid by lie Beneficiary shall be added to and become a part of the principal amount of <br />tb► iodrbtadnas evidenced by said promissory note. If 11teTrus torahall pay and discharge the imloWedrAmovideneed <br />by Said paatiwy note, and shell pay such woe and As ll disehar`e all lases and liens and the seem, foss, and ea• <br />pssloe of easkity, onfareimg and executing this lead of Trust, then, upon written request of <br />Nnefic,iary 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 possessed of and has <br />the right to sell and convey amid property; that the some is free from all encumbrances <br />except liens and encumbrances now of vecord; and that he hereby binds himself and his <br />successor in interest to warrant and defend the title aforesaid thereto and every <br />past thereof against the lawful claims of all persous whomenever. <br />11. for btNNr wearily of the indebtedness hereby secured the True torupa the rquse of the llaneficiary, its <br />stwommo S or msiipw, shall execute and drliver a supplemental mortgage at mortgapa cowri% say additioaa, im• <br />or ba lwomme nestle to thm property berelmmbove des ribs( sail all property se faired ahor the date <br />hateid an is (am mthifaeiay to Grantee). F'urthermero. shenM rue orfall to aura any default is The paymaent <br />of a prime or iaferiw eaeumbroace on the property draeribetl by this insir meal, TroatogNraby agrees to permit <br />SoWirlary r cure such default, but Beneficiary is not obligated to do so; and such advawa shall bomeate part of <br />Ilse idmbldamr Setotei by this kWnWmnl. subjoet le the soma terns sad esditio m <br />IL That ON awards sH doensige, in cossoctico with any comd•mnstion for public on a( or Injury to any of said <br />ptreperly we hereby is I and shall he paid to moo A iary. who may apply Ihe ettftt to NAM d the iastallmenls <br />last the wader said *ate. and the B"wilciory is hereby aatheriaad, in tits same of - t Rc to saftisito and deliver � <br />vaihi oeqokmam tlsoroof end to appeal from any each sward. pp <br />--J <br />