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<br />(bl The performence of each qreement and COVIrWlt of Trustor herein contained; and
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<br />--rOA THE PURPOSE OF SECURING:
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<br />la) The Plyment of indebtlldneas lVicIenclid by Trustor's note of even ctet. herewith in the principal sum of
<br />FIFTY-FIVE THOUSAND AND NO/loo - - - - - - - - - - _ _ _ _ _ _ _ _ _ _ ~
<br />IS 55 .000.00 I. together with interest at me rate or rllel prov~~. ltlIrein. ......
<br />with InY and all renevms, modifications, and extensions thereof, rflemtd to II the Note I beth ~ and
<br />interest on the Note being PlIYabIe in 1ICCOI'd_ with the terms set fonh m-m, T8ftIrInce to which lsl1enlby
<br />made. the flM! Plyment of ~rinc:iPlland Interest. if not sooner peid and if no renewals. modifieetions or _......;.....
<br />- made. due and peyeble on JanUary 1. 1993
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<br />Ie) The peyment of InY sum or sums of money with intweat tl1enIon which may be hefeefter paid or lICIvlInced
<br />uno::t. the terms of thi$ Trust Deed.
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<br />TO PROTECT THE SECURITY OF THIS TRUST DEED, TRUSTOR HEREBY COVENANTS AND
<br />AGREES AS FOllOWS:
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<br />,. Payment of Principal and Interest. Trustor shill prompt/y plY when due the princiJ* of and interest
<br />on the indebtednas lVidlll'lclld by the Note. and aU other cherges and fws II prowlded in the Note,and the principe!
<br />of and interest on any Future Advances .-:urlld by this Trust Deed.
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<br />2. WalTll1tY of Title. Trustor is IBWfuIlV seizlld and PCl5S8SHd of good and if1clefeasible title and estate
<br />to the Propeny hereby COI1\Ieyed and has the right to grlmt and COI1\Iey me Property; the Property is frw and deer
<br />of all liens and encumbranc:es tIllcept liens now of record; and Trustor will wamm and defend the title to the
<br />Property IgIinst all claims and demands.
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<br />3. Maintenance and Compliance With laws. l'rustor shall keep the Property in good rapeii' and condition
<br />--~"~--~ Md.'~-~ft,t.~ -or'-perm!t '::':"'~:rm;r:: ::~~Qr'wr.tiv.-. \if tt'riiPf~\y-.nu'lh.i wmpiy'withthl'ptO-
<br />visions of InY lull if this Trust Deed is on a 1eaIehoId. No iflll)rOVement now or hefeefter erected upon the Property
<br />shefl be alt-.d, rtmoVlId or demoIithlld without the prior _itten consent of Beneficiary. Trustor shall COInC)ly with
<br />aJllMs. ordinances, regulations. covenants. COnditions and restrictions affecting the Property and not commit, suffer
<br />or Pen'nft any act to be done in or upon the Property in violation of any law, ordinance. ,.lation. covenant, c0n-
<br />dition or restriction. Trustor shall complete or rmore prOmQtly and in good workmanlike manner any impl'OYement
<br />on the Property which may be damaged or destroylld and PlIY. when due, all claims for labor performed and ma-
<br />terials furnilhed therefore and for any altlll'ations thereof.
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<br />4. Insurance. Trustor. at iu expense. will maintain with inllUfOfS lI;IPfovlld by Beneficiary. insurlll'1Ce with
<br />retPllCt to the Improvements and penonlll property, constituting the Property. lIlIlIIinst 101$ by fire, lightning, tor.
<br />nlIdo, and other perils and hal!llfds cov-.d by standIfd extended ooverage llI'ldorsement, in 1m amount equal to at
<br />leest one hundnld percent of the full repIacemem vllue thereof and insur_ against such other !lazaros and in such
<br />amounts II is customarily carried bv owners and oPeflltors of similer Pf'OI)Ilfties or lIS Beneficiary may requ ire for its
<br />protection. Trustor will comply with such other requirements lIS Beneficiary may from time to time requm for the
<br />llI'OtKtion by iOlUflrn;e of tht intlll'lllts of the rftPllCtiYe PIlTties, All lNUrance pOliciel maintained Pllfsuent to mis
<br />Trust Deed thall /lime Trustor and Beneficiary II insureds. as their fIlSil8CtNe intel'll5ts ma'l' lIPPNl'. and prowide
<br />that m- shill be no cancelllItion or modification without no less than 15 days prior written notification to Trustee
<br />and Beneficiary. In the lVent any policy hereunder IS not I'l!MWI!<l on or before Hi elm prior to its IIxpiration ctet..
<br />Tro.. at' Beneficiary may procure such insur_ in 1ICCOI'l:I_ with the Pl'OIIIIlons of PIf._ 7 hereof. Trustor
<br />shill del" to Beneficiary the original poIiciel of insurance and renewel$ thereof or memo copies of such policies
<br />and renewels thereof. Failure to furnish such insurllnce by TrustOt'. or r~s 15 required hereuno::t. shill. at the
<br />option of Benefielery, constitute a default.
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<br />1'1, TMII. ~RmenU and CherDes. TrustOt' shill PlIY lilt talll5. -.menu and other ch8rves. ill('luding,
<br />withmlt limitation, fines and impositions Itlrillutlbte to the Property, and ~ PlIVO'IInU or lIfOUnd rents. if
<br />any. before the Nme become cfllinquent. Trustor shill promptly fui'lllth to Benefiel.v 1lI1 notices of amounts due
<br />under this PlfIIflIClh, and in tht Went Trustor shefl make PlIvrrnmt directly, TrustOt' l>hllIl PI"OmPtty furnish to
<br />Beneficiary ~ lV~ing such PIlyments. Trustor shill PlIY aJl tMIS and ~ts which may be Iwied uoon
<br />~'s illtCnlt herein or upon this Trust Deed without ~ t'O 3flY 1_ thltt may be eneetld ~
<br />Plyment of the whole, Of any l*t thel'llOf upon the BenefiGiary,
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<br />i. ~it~1 l.ien$ Ind ~ion of Benefleiery's s...l'ltv. Trustor sIleIl make ili Plvmtmts of imerest
<br />and 1If~ and PlI~ 0" any other .... fees Ind MPlInsIlI OOOtlletld to lle ~ to any Mist jilt hll\'l
<br />~ Of IIfior beMf~ llno::t. InY prior deed of tNst or ~ bllfom the dllle they In l:IelirlQUlll'lt and
<br />~ ..... - c:f~ MY and iii ~ liens, clailm or ~ which may ~h ttIe .-:urity lJflmtld
<br />~ If TN" f* . ntHlII InY sueh peyment or fills to perfmm any of the OOVllNnh 1M ~enu con.
<br />-- in - "I'rwt OM. Of WI anv Il'IiOI' 1noI''tIIIIIlI or deed of tNN, Of If any ection or PfOCllIIdinllS ~
<br />~ ~y '"- ~'. ifItenm !rl the ~v, I~ing, INt not liml~ to, emtnll\'lt ~n Jm:I'
<br />~ Of ~Inp in<rolvinl a ~i. Of If "I'rlmOf fails to PlIY TrustOf '5 dtlbu ljImtflll'l IS they ~ dull.
<br />'!him ~.,. 11 ilfmtflcl.,,,'. ~ and wlVlout not~ 10 or lMmand upon TruttC'lf and WlthoMt l1Il~
<br />T~ ~ 1m'; ~km htf,"nder. mtV make lMlfl ~ncet, dltblmlit such 1IUm. and tlIM lIUctl actIOn.. III
<br />~ - ~ .~Ill*,~'. imertltt. ;~inI, bul not limMd to, dilbutlllmlllfll of rI!~lI5tl~'. '-.
<br />~. ~, ~ Of oomprom,. of -nv lmWfHt:!f_, ~ or lim. aM ti'tltfY upon mt> "f~V to
<br />maM ~I'$. tfl t1'WI IWI!Ifl1 t1'WIt T'1.ffitor mell fllll 10 ptc:IClI.lIIt 1l'lIlY'lII'la! or to 1lI1'V 1111<", iIl-.mlltflll. Of 4tnV oth<<tt
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