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~4 a..~'` OUI~f~
<br />1. Payment of Indebtedness. To pay when due, the
<br />principal of, and the interest an, the indebtedness evidenced by
<br />the note, charges, fees and all other sums as provided in the
<br />loan instruments.
<br />2. Title g. Trustor is the owner of the property and has
<br />the right and authority to execute this Deed of Trust in respect
<br />to the property.
<br />3. Tars and Assessments. To pay, when due, all taxes,
<br />special assessments and all other charges against the property,
<br />before the same become delinquent, and, in the event Beneficiary
<br />shall so require, to add to the payments required under the note
<br />secured hereby, such amount as may be sufficient to enable
<br />Beneficiary to pay such ±axes, assessments or other charges as
<br />then become due.
<br />~. *nsurance. To keep the imgrovemer.ts now or hereafter
<br />located nn the real estate described herein insured against
<br />damage by fire and such other hazards as Aeneficiary may require,
<br />in amounts and companies accegtabl.e to Beneficiary, and with loss
<br />payable to Beneficiary. Tn rase cf loss under such policies,
<br />Henefi^iary is authorized to ad;ust, called and compromise, in
<br />its discretion, al? claims thereunder and, at its sale option, is
<br />authorized E.a either apply the proceeds to the restoration of the
<br />property or ur;on the indebtedness secured hereby, but payments
<br />required by ti:e note shalt ccantinue until the sums secured hereby
<br />ar.e paid in fu11.
<br />5. i?er.+air, "!xi.ntenance and :'4e. 'E'o promptly repair,
<br />res.*..ore car r~: tai ic, env hur lciincts or mpra~>emer.ts now ar hereafter
<br />on tine arapert~_; : tc~ keep the faropert~r in Toad condition and
<br />repair, without waste and ;roe from mechanics or other liens not
<br />expressly subordir+.atcd to the lien hereofs to not make, suffer ar
<br />perrrsit any nuisance, !:;: exist nor t.o diminish or impair tine value
<br />of the property by rant' act car arsisaian to act: and to comply with
<br />all requirements of law with re~+peet to the property.
<br />~. Condemnation. :n the. event the property, cr any part
<br />thereof, shall e taper. ?a=; eminent domain, #leneficiary %~
<br />entitled to collect and receive ~sll compensation whictr may be
<br />paid for any property taken r~r l'or damages to property not taken,
<br />and B~neiicfar,• shall app}} such coz~pensation, at its option,
<br />~!ither to a reducti,can ar' the indebted»es.r secured herebv or to
<br />repair anti restore the property so taken.
<br />?. ?*erfarmance by l3enefi_ci.ar *leneficiary may, but shell
<br />have no cxb agat~on ta, ~ any act w ich Trustor has agreed buff.
<br />failed to do, and Beneficiary may also do any act it deems
<br />necessary to protect the lie» hereof. Trustor agrees to repay,
<br />upon demand, any sums so expended by Beneficiary fnr the above
<br />perrgoses, and any sum so expended by Beneficiary shall be added
<br />to the indebtedness secured hereby and become recur-:sd by the lien
<br />hereof. i3e»eficiary sha13 not incur any gerstrnal liability
<br />because. oi' anything it may do or emit to ~o hereunder.
<br />~. ~T»s_~pe^tio»s. feneficiary, or its agents, regresenta-
<br />ti:°es or wor~sit~n, -are authorized to enter at any reasonable time
<br />upon or in any part of the property *or the purpose of inspecting
<br />the same and for the purpose of performing any of tiro acts it is
<br />authorized tea perf~rrr? under the terms of any 3c~an instruments
<br />sr€trcuted by Truss ar.
<br />sJ. aet;icanment of Rents, Tae»efir..iary shall have the right,
<br />gv~ser and out. ,c,r~ty~n t'~i~ cor~tinuanrs caf this Deed of *~rust
<br />to co2?e~t she rants, issues and profits of the grcaperty and of
<br />•7 n;= gers¢nal property I.o^ated tAerean with or without taking
<br />posseast~n oi' the praperry affected hereby, and Trustor hereby
<br />ai:so;itt~Tv and once»ditionally assigns all such rents, isiaues and
<br />prc:fits its klene~is~iary. Beneficiary, however, hereby copse»ts to
<br />"'.it:~(:o.r'~t llectirtn and retention of such re»ts, issues a»d
<br />,>r.~,Pit s as the,} ague and be~ar~e p~yalale, so 7.on-cr ors Tru-st.or i s
<br />~,rp.s afi sass~:t~ ti.imn, in defasrl.t with respe<nt to pay=r~nt. ea _r` ~zny
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