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84 .-= 002003 being agreed that all of the foregoing shall be hereinafter referred to as the "Property." FOR THE PURPOSE OF SECURING: (a) the payment of personal indebtedness owing from Trustor to Beneficiary, as evidenced by a Promissory Note of even date herewith in the original principal amount of Forty-Eight Thousand and No/100 Dollazs ($48,000.00); (b) the payment of interest at the rate or rates provided in the afore-described note and the payment of both principal and interest on any and all renewals, modifications and extensions of such notes; (c) the payment of principal and interest on any future advance as may be evidenced by promissory notes stating they are secured by this Deed of Trust; provided, howevez, that the total principal indebtedness, not including sums advanced to protect the security or interest accrued, shall not exceed the sum of Forty- eight thousand dollars 3z no/100 -------- ($48,000.00 )~ fd) the performance of each agreement and covenant of Trustor herein contained] and (e) the payment of any sum or sums of money which may he hereafter paid or advanced by Beneficiary under the terms of r.his Deed of Trust, together with interest at the highest rate provided in the notes secured hereby . To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as follows: Payment of Indebtedness. To pay when due, the principal, of, and the interes on, t e in ebtedness evidenced by the note, charges, fees and all aiher sums as provided in the loan ixastru-- meets. 2. Title. Trustor is the owner of the property and has the right an 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 al at er charges against the property, 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 or hereafter located on t-fie meal estate described herein insured against damage by fire and such other hazards as Beneficiary may require, in amounts and companies acceptable to Beneficiary, and with lose payable to Beneficiary. 7n case of loss under such policies, Beneficiar}• is authorized to adjust, collect and compromise, in its discretion, all claims t:,ereunder and, at its sole option, is authtsriaed to eithex apply the proceeds to the restoration of the property or upon the indebtedness secured hereby, but payments required by the note shall continue until the sums secured hereby are paid in full. a. Re air, Maintenance ar_d Use. To promptly repair, restore ar r u any a nqs or mprovements now cxr hereafter on the property; to keep the property in Bead condition and repair, with+aut waRte and free from mechanics or ether liens not +*xlrre#sly suhexrdinatcd. to the lien hereoft to not make, suffer crr permit any nuisance to exist nt~r to rlimtni Fh cr impair r.he talus _~_