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83006496
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Last modified
11/20/2008 10:04:20 AM
Creation date
11/20/2008 10:04:19 AM
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DEEDS
Inst Number
83006496
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<br />83-1106496 <br /> <br /> <br />by companies acceptable to the BENEFICIARY, with <br />loss payable to the parties as their interest <br />may appear. <br /> <br />E. Pay to the BENEFICIARY, if BENEFICIARY so requires, <br />together with and in addition to the regular <br />monthly payments of principal and interest, on <br />the date set forth for the making. of the payment <br />each month, a sum as established by the BENEFICIARY <br />equal to the taxes and special assessments next <br />due on the premises, plus the premium that will <br />next become due and payable on insurance policies <br />covering the premises, divided by the number of <br />months to elapse before one month prior to the <br />date when such taxes, special assessments and <br />premium will be due. Said sums to be held by the <br />BENEFICIARY in trust to pay the taxes, special <br />assessments and insurance premiums. Any deficiency <br />in the amount of any aggregate monthly payment <br />(principal, interest. taxes. special assessments <br />and insurance premium) shall constitute a default. <br />The arrangements provided for in this subparagraph <br />are for the added protection of the BENEFICIARY, <br />and entail no reponsibility on the part of the <br />BENEFICIARY. <br /> <br />TRUSTORS covenant and agree that a failure to <br /> <br />make any payment., either principal or interest on the note <br /> <br />secured hereby when due and payable, or a failure to comply <br /> <br />with any of the covenants and agreements herein made shall <br /> <br />cause the whole sum of money hereby secured t.o become due <br /> <br />and collectible at once at the option of the BENEFICIARY, <br /> <br />and BENEFICIARY shall have the right to cause Notice of <br /> <br />Default to be given and the premises to be sold as provided <br /> <br />herein. <br /> <br />It is mutually agreed that: <br /> <br />A. At any t.ime and from time to time upon written <br />request. of BENEFICIARY, payment of fees and presen- <br />tation of this Trust Deed an(l t:he not>? for endorse- <br />ment (in case of full reconveyance, for cancella- <br />tion and retention), without affecting the <br />liability of any person for the payment of the <br />indebtedness, TRUSTEE may (a) consent to the making <br />of any map or plat of said property; (b) join <br />tn granting any easement or creating any restric- <br />tion thereon; (c) join tn any subordination or <br />other agreement affecting this Trust Deed or the <br />lien or charge thereof; (d) reconvey, without <br />warranty, all or any part of said property. <br /> <br />B. The grantee in any reconveyance may be described <br />as "the person or persons entitled thereto", and <br />the recitals therein of any matters or facts shall <br />be conclusive proof of the truthfulness thereof. <br />
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