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<br />83- 005326
<br />This Deed of Trust, the Note, and any other instrumertt given
<br />to evidence or further secure the payment and performance of any
<br />obligation secured hereby are referred to collectively as the
<br />"Loan Instruments".
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<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST:
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<br />1. PAYHENT OF INDEBTEDNESS. Trustor shall pay when due the
<br />principal of, and the interest on, the indebtedness evidenced by
<br />the Note, charges, fees and all other sums as provided in the
<br />Loan Instruments.
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<br />2. ~~ Trustor shall pay each installment of all taxes
<br />and special assessments of every kind, now or hereafter levied against'
<br />the Trust Estate or any part thereof, before delinquency, without
<br />notice or demand, and shall provide Beneficiary with evidence of
<br />the payment of same. Trustor shall pay all taxes and assessments
<br />which may be levided upon Beneficiary's interest herein or upon
<br />this Deed of Trust or the debt secured hereby, without regard to
<br />any law that may be enacted imposing payment of the whole or any
<br />part thereof upon the Beneficiary.
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<br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and
<br />extended coverage insurance insuring the improvements and build-
<br />ings constituting part of the Trust Estate for an amount no less
<br />than the amount of the unpaid principal balance of the Note (co-
<br />insurance not exceeding 80% permitted). Such insurance policy
<br />shall contain a standard mortgage clause in favor of Beneficiary
<br />and shall not be cancellable, terminable, or modifiable without
<br />ten (10) days prior written notice to Beneficiary. Trustor shall
<br />promptly repair, maintain and replace the Trust Estate or any
<br />part thereof so that, except for ordinary wear and tear, the Trust
<br />Estate shall not deteriorate. In no event shall the Trustor com-
<br />mit waste on or to the Trust Estate.
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<br />4. .~GTIONS AFFECTING TRUST ESTATE. Trustor shall appear I..
<br />and couLest any action or proceeding purporting to affect the
<br />sccur i ty hereof or the rights or pO\vcrs of Benefic i a ry en" 'l'rus tel.',
<br />~~lnd ::;hall pay all costs and expenses, including cost or cvidl'ncp
<br />of Litle and attorney's fees, Ln .:111Y such action Ot~ pro~ecdLHg 111
<br />which !kncficiary or Trustee may appear. Should Trustor [aLl to
<br />make any payment or to do any act a~; and in the manner !)i\-IVir!('ll j
<br />any of the Loan Instruments, Beneficiary and/or TrusLpc, Pi.ch '"
<br />its own discretion, \~it:hout obligation, may make 01.' do the ';,lIll" ,
<br />such manner and to such extend as either may deem necessary to pcn
<br />teet the security hereof. Trustor shall, imr,lediatcly upon demand
<br />therefor by Beneficiary, pay all costs and expense,; IllCIII'l-",j bv
<br />Beneficiary in connection with the exercise by b'2IlcCiciat.v PI "
<br />foregoing rights, including without limitation cost s oj" c~'i d." ,
<br />of title, court costs, appraisals, surveys and iJttnrney'c; ""'i, 'J
<br />such costs and expenses not paid within ten (10) daYJ; pC \-n'i.' I'.
<br />demand shall draw interest at the default rate providf'd ill tite NuL':.
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<br />5, ENINENT DONAIN. Should the Trus t Es tate, ,W d!.Y p.l-I
<br />thereof or interest therein, be taken or damaged by re;[~>on n, any
<br />public improvement or condemnation proceeding, or in any OtiWl'
<br />manner including deed in lieu of Condemnation ("Condemnation"),
<br />or should Trustor receive any llotice or nthf.~l~ information n:~gdnli,llt.',
<br />such proceeding, Trustor shall give ['rompl wcittell notice ,Iwr'",,;.
<br />to Beneficiary. Beneficiary shall be enLi.tlecl to atl COllliH'n,,;[, i,,,,,
<br /><l\~ard5 and other payments or relief therefor, and ,;hall he I'll!, i 11"<1
<br />to make any compromise or settlement in connection with J;uch Lak; "i:
<br />or damage. All such compensation, nwanlc;, damages. right:; '" "';\
<br />and prQceeds awarded to Trustor (the "Proceeds") wr-e hcn~bv ;b';I ,_,,,'0
<br />1.0 llemdiciary and Trustor agree,,; to eXCC<lte such furUl121: ;",,;Ii,'"
<br />m(-~ntt1 of the Proceeds an BenE;:>ficiary or Yfrustce may require.
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<br />6. APPOINTMENT Of SUCCESSOR TRUST!':I::. Beneficiary mi"', f.. 'u
<br />time to time, by a written in,ii:rumcnt executed and ,lck;lowl~'d)',pd h\'
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