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<br />84 - 002184
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<br />at the highest rate provided in the notes secured
<br />herebv.
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<br />To protect the security of this Oeed of Trust, Trustor
<br />hereby covenants and agrees as follows:
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<br />1. Payment of Indebtedness. To pay when due, tbe
<br />principal of, and the interest on, the indebtedness eVidenoedt!!"c
<br />the note, charges, fees and all other sums as provided in the"
<br />loan instruments.
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<br />2. Title. Trustor is the owner of the property and baa
<br />the right and authority to execute this Deed of Trust in re.~
<br />to the property,
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<br />3. Taxes and Assessments. To pay, when due, all taxes,
<br />special assessments and all other charges against the property"
<br />before the same become delinquent, and, in the event Benefic:iary
<br />5 ha 11 so requ i re, to add to the payments required under t:benoee,
<br />secured herebv, such amount as may be sufficient to enable
<br />Beneficiar, to pay such taxes, assessments or other charqes as
<br />they become due.
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<br />4. ,naurance. To keep the improvements now or hereafter
<br />located on the real estate -described herein insured against
<br />damage bv fire and such other hazards as Beneficiary may require,
<br />in al'10unts and companies acceptable to Benefh:iary, and with loss
<br />payable to fJeneficillrv. Tn case of loss under such policies,
<br />~eneficiar' is authorized to adiust, collect and compromise, in
<br />its discretinn, all c-laims thereunder and, at its sole option, is
<br />authorized '0 "ither apply the proceeds to the restoration of the
<br />r'roper~? Clr upon the lnnet-tedness secured hereby, but payments
<br />recruirer! bv 'he note shall continue until the sums secured hereby
<br />are paid in ~,]!1.
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<br />s. Repair, Mal!1tenanr'e and Use. To promptly repair.
<br />restore or rebuild any buildinQs or Improvements now or hereafter
<br />on the prcpertv: to \{eep the propertv in qood condition and
<br />reDdir. without waste and cree from mechanics or other liens not
<br />express:v subordinated 1:0 the :ten hereof; to not make, suffer or
<br />nermIt elfl';. !luis<.,nce to exist nor to diminish or impair the value
<br />nf the pn'lperty bv anv <"}("t nr ()mis~;ion to act: and to comply with
<br />all reqUirements n. '"w With respect: to the property.
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<br />". cnndemnation. Tn the event the property, or any part
<br />ther-eof. shall -be taken bv eminent domain, Beneficiary is
<br />entjtl~'d to ,-oUeet and recel\'e all compensation which may be
<br />paid "or ,1nv property taken or for riamages to property not taken,
<br />and Renetirjilrv shilll apply such rompensation, at its option,
<br />either 'n " reduct:"n of the indehtedness ~ecured hereby or to
<br />repair ~nd restr1re the proper~v 30 t~ken.
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<br />Perf"0rmdnce bv ~ienefl("iarY~ Renefic-iary may, but shall
<br />h,we nc obI igat: 10n to-~ -"To any acGhlch ':rustor has agreed but
<br />~alled t-() 10, and Reneficiarv r.'tay also do any act it deems
<br />necessary to pr0tert the:' ipo hereof. Tru~tor aqrees to repay,
<br />'lp('n i1eman(~, lDY sum~ ,-''>(p~nrl~d b\ neneficlar" '"nf" the- ahove
<br />;.Jurposes, a.nG 2lf'V ."urn ~c expEnded I_..V nenefif~jrlry shail be ,1.dC'f>d
<br />~0 the Indebtedness cecured hereh~ ~nd heC0n€ ~ecured by the lien
<br />he!~0~. nene~lciarv sha~1 not incur ,-lny personal :j,~bili"'y
<br />!')ecause ('\.r anvt:.hinq it may 10 f)r omi t to0 -10 '1ereunder.
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<br />it ~~E_~._l_'='~~' Geneficj;H~Y. nr Its dqerJs, repreSt~nta-
<br />t_~ves 0r \vQr-Kmen, ,"lr~' ,~uthor17r~d r') enter (~t anv rpasnnAble tune
<br />upon or in anv Dart nf th~ Drf)Oer-tv 1'0r thro rurDOS~ <)t lp.spect.lnq
<br />the ::tame nnd ~()r the purpos~ q.f pe'rf'--,rmlnq a'ny (y! tnp ,H~t"g 1 tis
<br />iSuthorized to per-fon"1 '.Hlder t.he t,enTlp. ..-.,f .::inv ()dn Instrument-s
<br />4"=!xecuted hy Trustor.
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<br />q ASSlqnMent of Rentf.,. r~ene; i.'~l<;;;r\
<br />f'}()WCl dnd ;,"'u~t11orTt'v-~-~11r-rnq'-'"t'Tj~ '(lnt lnUdlit'p
<br />to "~o1~~'ct the t'ellt;r~~ is~uef; Hh! f'lf..flt-S
<br />any t:1-ers.ZH'ia 1 pro}.lf:'-.tt \1 \ nC"dt€'d ~ rH:~rE'()n .....\ j,
<br />p,)t:;f;eSSlnn "1 thp nrr)p~rt.:, dl~f'l-tud >'f'r;."tv..,.
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<br />thl~ 11~ed q ....-.ru~,t
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<br />"--/: I- IV)\! t l t..: 1 nil
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