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FOR THE PURPOSE OF SECURING:
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<br />(a) The payment of indebtedness evidenced by Trustor's note of even date herewith in the principal sum of
<br />Thirty Two Thousand Thirty Five and 50 /100 -------------------- - - - - -- Dollars
<br />IS 32,035.50 ), 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 terms 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 October 17, 1986
<br />(b) The performance of each agreement and covenant of Trustor herein contained; and
<br />(e) 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 Deed of Trust.
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, 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 Futtire Advances secured by this Deed of Trust.
<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 c efend the title to the
<br />Property against all claims and demands.
<br />3. Maintenance and Compliance With Laws. Trustor shall keep the Property in goof repair and condition
<br />and shall not commit waste or permit impairment or deterioration of the Property and shal comply with the pro-
<br />visions of any lease if this Deed of Trust is on a leasehold. No improvement now or hereafter erected upon the
<br />Property shall be altered, removed or demolished without the prior written consent of Beneficiary. Trustor shall
<br />comply with all laws, ordinances, regulations, covenants, conditions and restrictions 3ffectin 1 the Property and not
<br />commit, suffer or permit any act to be done in or upon the Property in violation of any 13w, ordinance, regulation,
<br />covenant, condition or restriction. Trustor shall complete or restore promptly and in 000c workmanlike manner
<br />any improvement on the Property which may be damaoed or destroyed and pay, when drle, all claims for labor
<br />performed and materials 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, against loss by fire, lightning, tor-
<br />nado, and other perils and hazards covered by standard extended coverage endorsement, in in amount equal to at
<br />least one hundred percent of the full replacement value therec! and surance against such otf er hazards and in such
<br />amounts as is customarily carried by owners and operators of similar propert.es or as Beneficiary may require for its
<br />protection. Trustor will comply with such Dther requirements as Beneficiary may from time to time request for the
<br />protection by insurance of the interests of the respective paries. All insurance policies maintained pursuant to this
<br />Deed of Trust 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 (jays 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 a:l 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 />Seneficiarys interest herein or upon this Deed of Trust without regard to any law that may be enacted imposing
<br />payment of the whole or any part thereof upon the Beneficiary.
<br />6, Additional Liens and Protection of Beneficiary's Security. Trustor shall make all payments of interest
<br />and principal are! payments of any other charges, fees and expenses contracted to be paid to any existing lien
<br />holden or prior beneficiaries under any prior deed of trust or mortgage before the date they are delinquent and
<br />promptly pay and discharge 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 any of the covenants and agreements con.
<br />tained in this Deed of Trust, or in any prior mortgage or deed of trust, or if any action or proceeding is commenced
<br />which materially s"acts Beneficiary's interest in the Property, including, but not I:mited to, eminent domain pro Par
<br />L ceedings, a proceedings involving a decedent, or if Trustor tails to pay Trustor's coots generally as they become due,
<br />"n Beneficiary, at Beneficiary's option and without notice to or demand upon Trustor and without releasing
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<br />Trustor from any obligation hereunder, may make such appearances, disburse such sums and take such action as is
<br />necessary to protect Beneficiary's interest, including, but not limited to, disburs.. —t ni of reasonable attorneys fees, n
<br />ITpayment, pu:chasa, contest or compromise of any encumbrance, char,e or hi- and enrry upon the Property to
<br />make repbos In the event that 'fruaur ;r.a:l fail to procure rurzntc r,. t , .,, 'a `ics . ;,!y
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