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<br />ri.1.~'. <br />f <br /> <br />83-4ICi6756 <br /> <br />1. Payment of Indent.eelneRs. '1'0 pay ,,,hf'n riue, the principal <br />of, and the interest on, the indebtedness evidenced by the note, <br />charges, fees and all other sums as provided in the loan instru- <br />ments. <br /> <br />2. Ti tIe. Trustor is the owner ()f the property and has <br />the right and authority to execute this Deed of Trust in respect <br />to the property. <br /> <br />3. Taxes and Assessments. To pay, when due, all taxes, <br />special i"SseSsments and nIl other charges against the property, <br />before the same become delinquent, i'\nd, in the event Beneficiary <br />shall so require, to add to the payments required under the note <br />secured herebv, such amount as ma'! be snfficient to enable <br />Beneficiary t~ pa'! snch taxes, assessments or other charges as <br />they hecome due. <br /> <br />4.. !nsl~. Tc ;"':eep t:ht~ -LmprrP1ements now or hereafter <br />located on the real estate describe" herein insured aoainst <br />dc.mage by fire 2nd such otht:r hazards as Beneficiary may'" require, <br />i.~ amounts and cOffiDanies a.r.c~ptabl_Q t(j 8eneficiar;.r, and ,<lith loss <br />oavable to Bt?r:efi.t;iar"v. 'Tn case ()-f ~.oss under such policies, <br />Beneficiarv i~ authorized to 2C-lUSf:f ray,' f:ct and compromise, in <br />its di~rretion, all claims thereunder nnd, at its sole option, is <br />authorized to either ~pply the nroceeds to l:he restoration of the <br />property or upon ~hp inrleht:edness securnG herehvt but payments <br />required by the Y'lnt.e shall continue qrytil the sums securei! herebv <br />are naid in full. <br /> <br />:;. Repair, claintenance and Use. To promptly repair, <br />restore or rebui 1d any buildinq~ nr imOrnVeI:H~nts now or hereafter <br />on the property; to keep tile "prnpertv in good condition and <br />r(~pair, \"'ithout \'1'astc and fr~e frof1 mechaniC'~; or other liens not <br />expressly stlt)ordinated to the li[~n hereof; to not Plake, suffer or <br />permi~ a~y nllisancc to exist ~nr to diminish (1r impflir the value <br />0: the property h" an'! act or <)missioll to act; and to comply with <br />all requirement~; o~ law "..;it.h respect to thp prope.rt"/. <br /> <br />6. Condemnation. Tn the l~Ve!l t r.ne property, or any part: <br />thereof, sholl "1)e taken by eminent donain, Bf'neficiary is entitled <br />to collect and receive all compensatiun which nlay be paid for allY <br />prop~rty taken or for Gamaqes to property not taken, and nenefi- <br />ciary shall apply such compensation, a1" jts OptioIl, either to a <br />redurtion of the indebtedness secur0d hereby or to repair and <br />restore thp rroperty so taken. <br /> <br />"7 ~~!T\an("e by Benefir:i~~~:y, Reneflc.tilI'V may, bl1"t shall <br />have no oblioation to, do any act which Trustor has aareed but <br />failed to do', and Beneficiary rnay also do any act i+: deems <br />necessary to protect the lien hereof. Trustor agrees to repay, <br />upon demand, any sums so expended bv Benefici.arv for the above <br />purposes, and any sum so expended bv f1eneficiary shall be added <br />to the indebtedness secured hereby and become secured bv the 'ien <br />hereof. f'eneficiary shall not incur any pArsonal liability <br />because of anything it may do 0r omi t to do hereunder. <br /> <br />8, Assiarunent of Rents. L'enefici.ary shall haVE" the riqht, <br />power and authority during tEe continuance of this need of Trust <br />to collect the rents, issues and profits of the property and of <br />any personal property located thereon wir_h or without tAkinq <br />possession of the property affected hereb':rr, <J.nd 1_~'rustQr hereby <br />abAolutely and unconditionally as~ig!lS all such rents, issues and <br />profits to Reneficiary. Beneficiary, however, hereby consents to <br />'trustor's collection and retention of such rents, issues and <br />profits as they <\ccrue and become payable, so long as 'f'rustor i;=; <br />not, at such time, in default with n'spectto payment of ~lny <br />indobtedness secured hereby, or in the performanc'" of any agre",- <br />ment. hexeunder.. If any 0'v-ent of df~fault described hereafter in <br />rEH.pect to this Deed of' Trust ~'ha 11 have occurr<ec1 and ble' con-, <br />t.inuing, 8eneficiary, as a matter of right and ,yi.thout notice to <br />'l't'uilt.<;lr' Qt' anVOf!(! claiming under 'fnwtor, and ,,,itholli; renard to <br />the value of th~} trust estat<<3 cn.~ t"ht~ "int:ftl-est f the 'rr\JGtnr <br />.thert:t;Ln# !.;ha.l..l have the right to ~'\pplv t(1 .:.'tnv r'ouxt havi.I~_(1 1ur:is'- <br />diction t,t) appoint It re,cei,.~~t~r of th(~ t)~~npi:'rt.v" <br /> <br />2- <br />