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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 t.axes,
<br />special a.....ments and all other charges against the property,
<br />before the same become delinquent, and, in the event Benefic~ary
<br />shall so require, to add to the payments required under the note
<br />secured hereby, such a'mount as may be sufficient to enable
<br />Beneficiary to pay such taxes, assessments or other charqesas
<br />they become due.
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<br />.. . Insurance. To keep the improvements now orhere~ft.r
<br />located on the real estate described herein insuredagll,inst
<br />damage by fire and such other ha2ards as Beneficiary may r~~~~el
<br />in amounts and companies acceptahleto Beneficiary, andwi"hc:10jlJli
<br />payable to Beneficiary. In case of loss under such policies,'
<br />Beneficiary is authorized to adjust, collect andcOJnProJn~'s...'."ili'
<br />its discretion, all claims thereunder and, at itssOl(!~pt.~~,!,ii~;;,
<br />authorized to either apply the proceeds to the restoratio"ii~fiit:'~.i"
<br />property or upon the indebtedness secured hereby., but,p.~~1:'~
<br />required by the note shall continue until thesulllS' securu',herJtby:'
<br />are paid in full. .
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<br />5. Repairf Maintenance and US.e. To promptlyrepaiJ:",>
<br />restore or rebui d any bluldings or improvements now or her,fla'f,tej:',' .
<br />on the property; t<<;l keep the property in good condition;ollDdi
<br />repair, without waste and free from mect.anicsor oth~IX' lie".;-n()~i
<br />."pr...ly subordinated to the lien hereofl to not mak., suffer:i()r
<br />permit any nui.ance to exi.t nor to diminish or impair th.', V.~\IAl;:
<br />of the property by any act or omission to actl and to' complyw:i'eI '
<br />all requir...nta of law with respect to' the preperty. '
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<br />6. Condemnation. In the event the property) or .ny;,;~~;',~;'<
<br />thereef, shall be taken by eminent demain, BenefioiaryislWt.it'.l'~"
<br />to collect and receive all compensation whichl\liLybep~i~,.f,., . .
<br />property taken 0'1' fer damages to' propertynotta)tfln,a,nt!t!5!
<br />ciary shall apply such compensation, at its option, eitihfll'"
<br />r.duction of the indebtedness secured hereby or to r:l!!P.ira'rid'
<br />re.tere the property so taken.
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<br />7. Performance by Beneficiary. Beneficiary may, but~ha.];l
<br />have no obligat1.on to', do any act which Trustor haaagreed>b~t
<br />failed to' do, and Beneficiary may also dO' any act itdeelllS
<br />nec....ry to protect the lien hereof. Trustor agrees to rflP!lY,
<br />upon deIlland, any sums so expended by Beneficiary fOrth.,ap!)....,.
<br />purpos.., and any SUl\l so expended by BeneficiaryshaU. peadd..4
<br />to the indebtedness secured hl!!reby and become secured by the.,l;ien
<br />h.r.of. Beneficiary shall not incur any personal liabilitY.
<br />becau.. of anything it may do or amit to do hereunder. .
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<br />8. Assiqnment of Rents. Beneficiary shall have the right,
<br />power and authority during the continuance af this Deed of Trust
<br />to collect the rents, issues and profits af the property and of
<br />41'1' personal property located the-reon with or w~thout tak_inq
<br />po...asien af the praperty 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 />Tnstor's collectian and retention of such rents, issues and
<br />profits as they accrue and become payable, sa long as Trustor is
<br />not, at such time, in default with respect to payment of any
<br />indebtedness se~lred hereby, or in the performance of any agree-
<br />ment hereunder. If any event of default describe'd hereafter in
<br />respect to this Deed of Trust shall have occurred and be Can-
<br />tinll.,j,nq, 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 />~b.rein, sh.11 have the right to apply to any court having juris-
<br />diotion to appoint a receiver of the property.
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<br />9, In~ctions. Beneficiary, or its agents, representa-
<br />tive. or WQr. ,n,' are authorized to enter at any reasonable time
<br />tlpon or in any part of the property for the purpose of inspecting
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