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<br />002421
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<br />84 .....
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<br />2. Title. Trustor is the owner of the property and has
<br />the right and authority to execute this Deed of Trust in respect
<br />to the property.
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<br />3. Taxes and Assessments. To pay, when due, all taxes,
<br />.pecial assessments and all other charges against the property,
<br />before the .ame become delinquent, and, in the event Beneficiary
<br />.hall so require, to add to the payments required under thenot.e
<br />secured hereby, such a'mount as may be sufficient to enable
<br />Beneficiary to pay such taxes, assessments or other charges as
<br />they become due.
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<br />.. . Insurance. To keep the improvements now or her,eafter
<br />located on the real estate described herein insuredaga,ins,t'
<br />damage by fire and, such other hazards as Beneficiary may re9~i~a~
<br />in amounts and companies acceptable to Benericiar.y., and wit:hl~1I'
<br />payable to Beneficiary. In case of loss under such pol*cie~"
<br />Beneficiary is authorized to adjust, collect and cOII\PrOlllil!e't, in:
<br />its discretion, all claims thereunder and, at its soleoPti~rV~>t~.
<br />authorized to either apply the proceeds to the restoratili1"'p'f":tli"';
<br />property or upon the indebtedness secured hereby, butpa~t'~'
<br />required by the note shall continue until the sum.ssecured'herel)y:":
<br />are paid in full.
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<br />5. Re~ir Maintenance and Use. To promptlyrepai.i:,'I,"
<br />re.tore or re uild any buildings or improvements now or here~~te~;
<br />on the property; t9 keep the property in good condition and
<br />repair, without wa.te and free from mechanics or other lien's.l'Iot;
<br />expre..ly .ubordinated to the lien hereof; to not malee, suffer/c?r.
<br />permit any nuhance to exht. nor to dimini.h or impair th.,va1.o
<br />of the property by any act or omiSliion to act1 andtocomp1:yw~tUt
<br />a1:l require..nt.. of law with re.pect to the property.
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<br />6. Condemnation. In the event the property, oran}{');l~~t;\>
<br />thereof, shall b. taken by eminent domain, Beneficiaryi.sent1j;;1.~:4f"
<br />to collect and receive all compensation whichmayb.Po~i~<f() ,
<br />property tale.n or for damages to prop.rtynott,a~en, .a~<t~ '
<br />ciary shall apply such compensation. at its option, elth.rit~:.r'
<br />reduction of the ind.btedne.. secured hereby or to repai.and
<br />re.tore the prop.rty so taleen.
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<br />7. Performance by Beneficiary. Beneficiary may, but.,sh.ell
<br />have no ob11gat10n to, do any act which Trustor hasagreed':b;~t'
<br />failed to do, and Beneficiary may alSo do any aCt it deems'
<br />ne.c..sary to protect the lien hereof. Trustor agrees to repaY"
<br />upon demand, any sums so expended by Benefieia.ry for tne aboYe
<br />purpos.., And any sum so expended by Beneficiaryshal1;be>~dded
<br />to the indebtedness secured hereby and become secu.redbYthelien
<br />hereof. Beneficiary shall not incur any personal liability ,
<br />b.cau.e of anything it may do or omit to do hereunder.
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<br />8. Assiqnment of Rents. Beneficiary shall have the right,
<br />power and authority during the continuance of this Deed of Trust
<br />to collect the rents, issues and profits of the property and of
<br />4ny personal property located thereon wit.h or withou-t ta.k.inq
<br />po.....ion of the property affected hereby, and Trustor hereby
<br />absolutely and unconditionally assigns all such rents, issues and
<br />prOfits to Beneficiary. Beneficiary, however, hereby consents to
<br />Trustor' 5 collection and retention of such rents, issues and
<br />profits as they accrue and become payable, so long as Trustor is
<br />not, at such time, in default with respect to payment of any
<br />indebtedness secured hereby, or in the performance of any agree-
<br />ment hereunder. If any event of default described hereafter in
<br />respect to this Deed of Trust shall have occurred and be con-
<br />tinuinq, Beneficiary, as a matter of right and without notice to
<br />Trustor or anyone claiming under Trustor, and without regard to
<br />the value of the trust estate or the interest of the Trustor
<br />therein, shall have the right to apply to any court havi.!!g juris-
<br />dtotiol'l to appoint a reoeiver of the property.
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<br />9. In~eetions. Beneficiary, or its agents, representa-
<br />tive. 01' war . ~n, are authori~ed to enter at any reasonable time
<br />I.lpoJ\ 01' in any part of the property for the purpose of inspecting
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