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<br />84- 002973
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<br />2. Title. Trustor is the owner of the property and has
<br />the ri.ght 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 />special assessments and all other charges against the property,
<br />before the same become delinquent, and, in the event Beneficiary
<br />shall so require, to add to the payments required under the note
<br />secured. hereby, such al1lOunt 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 hereafter
<br />located. on the real estate described herein insured against ,.
<br />dUlAge by fire and such other hazards as Beneficiary may'require,
<br />in amounts and companies acceptahle to Beneficiary, and wi'th loss'
<br />payable to Beneficia.ry. In case of loss under such policies:,
<br />Beneficiary is authorized to adjust, collect and compromise., in
<br />its discretion, all claims thereunder and, at its sole option,. .ics
<br />authorized to either apply the proceeds to the restoration of the..
<br />property or upon the indebtedness secured hereby, but paY!ll8nts'
<br />required by the note shall continue until the sums secured hereby
<br />are paid in full.
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<br />5. Repair Maintenance and Use. To promptly repair,
<br />restore or rebu1id any buildings or improvements now or hereafter
<br />on the property: to keep the property in good condi tion and
<br />repair, without wast0 ~nd free from mechanics or other liens not
<br />expressly subordinated to the lien hereof; to not make, suffer or
<br />permit any nuisance to exist nor to diminish or impair the value
<br />oL the property by any act or omission to act; and to comply with
<br />All requirements of law with respect to the property.
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<br />6. Condemnation. In the event the property, or any part
<br />thereof, shall be taken by eminent domain, Beneficiary is entitled
<br />to collect and receive all compensation which may be paid for any
<br />property taken or for damages to property not taken, and Benefi-
<br />ciary shall apply such compensation, at its option, either to a
<br />redUQ~i~~ of the indebtedness secured hereby or to repair and
<br />re.tore the property so taken.
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<br />7. Performance by BenefiCiary. Beneficiary may, but shall
<br />have no obl1gatlon to, do any act which Trustor has agreed but
<br />failed to do, and Beneficiary may also do any act it deems
<br />nec..sary to protect the lien hereof. Trustor agrees to repay,
<br />upon demand, any sums so expended by Beneficiary for the above
<br />purpose., and any sum so expended by Beneficiary shall be added
<br />to the indebtedness secured hereby and become secured by the lien
<br />h.reof. Beneficiary shall not incur any personal liability
<br />because of anything it may do or omit to do hereunder.
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<br />8. Assignment of Rents. Beneficiary shall have the right,
<br />pover and authority during the continuance of this Deed of Trust
<br />to collect the rents, issues and prof! ts of the property and of
<br />any personal property located thereon with or without taking
<br />posse.sion 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's 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 performl'lnce of any agree-
<br />ment hereunder. If any event of default described hereafter in
<br />r..pect to this Deed of Trust shall have occurred and be con-
<br />tinu.inq, Beneficiary, as a matter of right and without notice to
<br />'trustor or anyone claiming under Trustor, and without regard to
<br />the valua of the trust estate or the interest of the Trustor
<br />the~ein, ahall have the right to apply to any court having juris-
<br />Cliction to appoint a receiver of the property.
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<br />,. In~tion.. Beneficiary, or its agents, representa-
<br />t.l.ve. ell' li<<Or , ate authorized to enter at any reasonable time
<br />upon or in any part at the property for the purpose of inspecting
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