<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 />
|