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g�..• • DEED OF TRUST 005617 THIS DEED OF TRUST, made this �+rl_ day of °oVC'til'DEz ,19^-! ,byandamongT^Qy'._'1 ••_�`- -��rn k ` _ ,ICl JC. rrT'.ln i . _i_l- ;:t71<? _ tE Elin whose mailing address Is (Street) —_ —. (City) — i ids (5 301 3anl:: o:t; pha3n -- ,— (Slate and Zip) — (herein "Trustor" ); and .�- _whose sox 3 [)oni liar reates „gaddress lo(Street) (City) _ —.�_. (State and Zip) (Herein "Trustes'll; and ._ CiTli Of !)OI1iLltlari_^ __ whose mailing addressis(Street).A3n { 'j _ {City! -' oni nh 3n r _ "^ (State and Zip) _._j �` J » �. (herein "Beneficiary"). FOR VALUABLE CONSIDERATION, Including the indebtedness identified herein and the trust herein created, the receipt of which is hereby iscitnowledged, Trustor irrevocably grants. transfers, conveys, and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and secur- Ity of Benelicfary, under and subject to the terms and conditions of this Deed of Trust, the real property described as follows: Ana ;{e.;1c.pr 5e (it. O:. I:O'• 1 . r QC{ n -(.rli ckr(3t1r(i iSt.[1 ,UCiti on to he TOGETHER WITH, all rents, profits, royalties, Income and other benefits derived from the real property; all leases or subleases covering the real property or any portion thereof, now or hereafter existing or entered into. and all right, title and interest of Trustor thereunder; all interests, estate or other claims, both in law and in equity, which Trustor now has or may hereafter acquire in the real property; all easements, rights•of -Hay, tone- merits, heredltsrnenls and appurtenances thereof and thereto; all oil and gas rights and profits, water rights and water stock; all right, title and interest of Trustor, now owned or hereafter acquired. in and to any land lying within the right-of -way of any st•eet or highway adjoining the real property, any and all buildings, fixtures, improvements. and appurtenances now or hereafter erected thereof-, or belonging thereto, (herein referred 10 as "Improvement" or Improvements"); and any and all awards made for the taking by eminent domain, or by any proceeding or pur- chase in lieu thereof, of the whole or any part of the real property. All of the foregoing estate, property and interest hereby conveyed to Trustee herein collectively referred to as the ° Property". THIS DEED OF TRUST SHALL SECURE: ,+ (a) The payment of indebtedness evidenced by Trustor's note of even date herewith in the principle sum of �'_ -_+ '.1 � in rj , =t r Dollars (i -?- - Z'_�`� �� _ _....___.), together with interest at the rate or rates provided therein, (herein. together with any and all renewals. modifications, and extensions thereof, referred to as the "Note "I both principal and interest on the Note being payable in accordance worth the terms set forth therein, reference to which is hereby made. the final payment of principal and interest, if not sooner paid and if no renewals, modifications or extensions are made, due end payable on (b) The performance of each agreement and covenant of Trustor herein contained; and (C) The payment of any sum Or Sums of money with interest thereon which may be hereafter paid or advanced under the terms of this Deed Of Trust. (d) The payment of any future advances necessary to protect the Security or any future advance made at the option of the parties. and iai The performance of on obligatlon of any other person named in this Trust Deed to a beneficiary. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS: 1. Pey1M11t of Pdnc"l and Interest. Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the NOW andasotftsr charges and fees as provided in the Note. and the principal of and interest on any Future Advances secured by this Deed of Trust Y 1Mwm" af TWo. Trustor Is lawfully seized and possessed of good and indefeasible title and estate to the Property hereby conveyed and has the right to grant and convey the Property: the Property is free and clear of all (lens and encumbrances except liens now of record: and Trustor will warrant and defend the lisle to the Property against all claims and demands. 3. MaMlMghee end CompNartce with Laws. Trustor shalt keep the Property in good condition and repair and shall not commit waste or permit inipsirmenl of deterioration of the Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. No improve- intent, now of hereafter erected upon the Property shall be altefed, removed or demolished without the prior written consent of Beneficiary. Trustor shall comply with all laws, ordinances, regulations, covenants, Conditions and restrictions affecting the Property and not commit, suffer, or per. mil any act to be done in or upon the Properly in violation of any law, ordinance, regulation. covenant, condition or restriction. Trustor shalt com- plate of restore promptly snd in good workmanlike manner any Improvement on the Property which may be damaged or destroyed and pay, when due. all claim$ for labor performed and materials furnished therefore and for any alterations thereof r. hlaWallae. Trustor, at its expense, will maintain with tnsurors approved by Beneficiary, insurance with respect to the improvements and per• sonal property. constituting the Property, against loss by fire, lightning, tornado, and other perils and hazards covered by standard extended coverage endorsement, in an amount equal to at least one hundred percent of the full replacement value thereof and insurance against such other hazards and in such amounts as Is customarily carried by owners and operators of similar properties or as Beneficiary may require for its pfolaction. Trustor will comply with Such other requirements as Beneficiary may from lime to time request for the protection by insurance of the interests of the respective parties. All Insurance policies maintained pursuant to this Dead of Trust shall name Trustor and Beneficiary as in. wrsdo, as their respective interests may appear, and provide that there shall be no cancellation or modification without any less than 15 days prior written notification to Trust@* and Beneficiary, to the event any policy hereunder is not renewed on or before 15 days prior to its expiration date. Trust” or Beneficiary may procure such insurance In accordance with the provisions of paragraph 7 hereof. Trustor shah deliver to Bensflclary IM original policies of Insurance and renewals thereof or memo copies of such policies and renewals thereof. Failure to furnish such insurance by Trustor, or renewals as required hereunder shall, at the option of Beneficiary, constitute a default. 5. Tamils, AaNfNmM1s, mW ChatoW. Trustor shall pay alt taxes, assessments and Other charges. Including, without limitation, lines and rem poadlome attributable to the Properly, and lessehold payments or ground rents, of any, before the same become dellquenl. Trustof shall promptly furnish IO Beneficiary all notices of amounts due under this paragraph, and in the event Trustor shall snake payment directly, Tru9lor shall prompt ly furnish to Beneficiary receipts evidencing such payments. Truslor shall pay all taxes and assessments which may be levied upon Benefialsry's inlarest herein or upon this Deed of Trust without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the Beneficlary L M1