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<br />84- 003517
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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 />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, sllch a"mount as may be sufficient to enable
<br />Beneficiary to pay such taxes, assessments or other charges as
<br />they hecome due.
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<br /><1, Insurance. To keep the improvements now or hereaft'er
<br />locat.ed on the real estate described herein insured' agains,t
<br />(].;H'flal)'? .by fire ana surh nthpr h.1zarns as Beneficia.ry may r.'eqU'ire~;
<br />in a.mounts and companies acceptable to Beneficiary, and with loss
<br />payable to Beneficiary. In case of loss under suc.h policies,
<br />Beneficiary is authorized to adjust, collect and compromise; in
<br />its discretion, all claims thereunder and, at its sole option,is
<br />authorized to either apply the proceeds to the restoration of. the
<br />property or upon the indebtedness secured hereby, but payments
<br />required by the note shall continue until the sums secu.r-ed- he:'reby
<br />a~e paid in full.
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<br />:i . Repair, ~laintenance c,~J Jse, To promptly !'epair,
<br />restore or rebuild any buildings or improvements now c.rhereafter
<br />on the property; to keep the property in good condition and
<br />repair, without wa.~e and 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 />of the propert,y by any act or omission to act; and to comply with
<br />all requirements of law with respect to tlle property_
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<br />6, Condemna tion. In the event the property I or any part
<br />thereof, shall be taken by eminent domain, Beneficiary is entitled
<br />to collect and receive all compens<~tion 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 />reduction of the indebtedness secured hereby or to repair and
<br />restore the property so taken.
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<br />I. Performance bv Benef iciarv. I1enef iciarv may, but shall
<br />have no obIl-gason~do~~-act\~-hich rrrusto,r has agreed but
<br />failed to do, and Beneficiary may also do any ac-t it deems
<br />necessary to proLect the lien hereof. Trustor agre~s to -repaY_I
<br />upon demand, any sums so expended by Beneficiary for the .above
<br />purposes, and a11Y sum so expended by Beneficiary shall be added
<br />to the indebtedness secured hereby and become secured by the lien
<br />hereof, Beneficiary shall not incur any personal liability
<br />L12(.'ou~0: of ail,ytil.i.ny iL h\d); dCi v.e ()ilii-L Lv d0 h02:1-cut~jer,.
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<br />8. Assiqnment of Rents. Beneficiary shall have the right,
<br />power and authority durillg the COI1tinuance of this Deed of Trust
<br />to collect the re~ts, issues ~nd profits of the property and of
<br />a1":Y personal property located thereon with or without taking
<br />possessi~n of ~ the pr?pe,rty ,affecte;d her:~y, and Il'rusto;r hereby
<br />ilbsolutclY ana unconalt~onally asslgns all such rents, lssues and
<br />profits to Beneficiary. Beneficiary, however, hereby consents to
<br />Trustorls collection an.d }:etention of ~3UC::' rc!':tSt ~i.ssues a:n.d
<br />profits as they accrue and become pa:/clbl.e, ;,0 long as 'rrU.:3tOt.... is
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<br />~~~~b::or~cusc~~ s.~~:~~c1i~~e;~L~;~l.~r l~':r;ht:eCSpect 'to paYl~~l~:n~~n~f a;~~e-
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<br />ment hereunder. If any event ot de t described hereafter in
<br />respect to this Deed of Trust shall t'12V0 occ'1rred and he ccn-
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<br />~ ~~~ ~'~l~ ~~;ec~ ~~r~~~ t,.~ ~i~,l~ ~t:~~~ ~~~:. ;~~, ~;~.~~~::ttc l:~~:jt ~~~~1r~::~ r~l~~ ~:r:~rt~~
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<br />therein, shall llave the right LO to any court having juris-
<br />dicLioll to appoint a receiver of property.
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