84000102 - Laserfiche WebLink

Browse

$4-- OOQIQ2 hereof; provided that, in no event, shall the principal sum secured hereby exceed Five Hundred 'ltaenty-five Thousand Six Hundred & no/100 Dollars {S ). (b) the performance of each agreement and cove- nant of Trustor herein contained; and (c) the payment of any sum or sums of money which may be hereafter paid or advanced by Beneficiary under the terms of this Deed of Trust, together with interest thereon at the rate provided in the note. To protect. the security of this Deed of Trust, Trustor hereby covenants and agrees as followse 1. Payment of Indebtedness. To pay when due; the princi- pal of, and the interest on, the indebtedness evidenced by the- -- note, charges, fees and all other sums as provided in the -loan.. instruments. 2. Title. Trustor is the owner of the property and: has the right and authority to execute this Deed of Trust in respect to the property. 3. Taxes and Assessments. To pay, when due, all taxes, special assessments and all other charges against the groperty, before the same become delinquent, and, in the event Beneficiary shall so require, to add to the payments required under the note secured hereby, such amount as may be sufficient to enable Beneficiary to pay such taxes, assessments or other charges as they become due. 4. Insurance. To keep the improvements now ar hereafter located on the real estate described herein insured against damage by fire and such other hazards as Beneficiary may re~nire, in amounts and companies acceptable to Beneficiary, and with moss payable to Beneficiary. In case of loss under such policies, Beneficiary is authorized to adjust, collect and compromise, in its discretion, all claims thereunder and, at its sole option, is authorized to either apply the proceeds to the restoration of the property or upon the indebtedness secured hereby, but payments required by the note shall continue tmtil the sums secured hereby are paid in full. 5. R~e_~air, Maintenance and Use. To promptly repair, restore or rebuild any buildings ar improvements now or hereafter on the property; to keep the property in good condition and repair, without waste and free from mechanics or other liens not expressly subordinated to the lien hereof; to net make, suffer or permit any nuisance to exist nor to diminish or impair the value of the property by any act or omission to act; and to comply with all requirements of law with respect to the property. 6. Condemnation. In the event the property, or any part thereof, shall be taken by eminent domain, Beneficiary is entitled to collect and receive all compensation which may be paid for any property taken or for damages to property not taken, and Benefi- ciary shall apply such compensation, at its option, either to a reduction of the indebtedness secured hereby or to repair and re stare the property so taken. °~. Performan_ce~b Beneficiary. Beneficiary may, but shall have no obTigatzon ta, ~o any act which Trustor has agreed but failed to do, and Beneficiary may also do any act it deems necessary to protect the lien hereof. Trustor agrees to repay, upon demand, any sums so expended by Beneficiary for the above purposes, and any sum so expended by Beneficiary shall be added to the indebtedness secured hereby and become secured by the liar. hereof. Beneficiary shall not incur any personal liability hecAnse of anything it may do or emit to do hereunder. S. As~~si~~~_nent of tents. Aenefi.ciary shall have the right, ~~,rwer and aut~oz3t}• during the continuance of this Deed a!° Trust _~_