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<br />84 -003540
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<br />2 . Title. Trustor is the. owner of the property and has
<br />the right an" 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, al1taxe:s,
<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}1ot:e
<br />secured hereby, such a'mount as maybe. sufficient to eni'll::>le.
<br />Beneficiary to pay such taxes, assessments or other charges, AS'
<br />they hecome due.
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<br />4. Insurance, To keE!pthe improvelTlentsnowo~,li~;e<;t:f't.~{:
<br />located on the real estate described herein. in?)lred,a;gai:!1l:it'" .
<br />damage by fire and such other hazards as. Beneficia:t:'ym1\~,i.rsql.1;t ,.'
<br />in amounts and companies acceptahle tOBeneficiary,a,nd!:~!~B~":l
<br />payable to Beneficiary. In case of loss under suc1j\.g8,~i,Fte~,f!i;i,
<br />Beneficiary is authorized to adjust, collectal!d c01T1I?f'?I,il*S:ei~',*iJ"
<br />its discretion, all claims thereunder and, athsso.lSo.Rt=.f?p:';'!
<br />authorized to either apply the proceeds to the'resto"J:'Clj::::i.Cl~<9:f'
<br />property or upon the indebtedness secured hereby, bl11:"B~Y;.n~n
<br />required by the note shall continue until the sums secured\11
<br />are paid in full. -' -_->-::/;:"::-:_c_<:~--,y:
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<br />') . Repair, Maintenance ..no use... To promptly J:'eJ.:>;i~i-
<br />restore or rebuild any buildin':fs . orimprovementsnow'or,h~r'
<br />on the property; to keep the property in goodcondj,tiorr
<br />repair, 1"ithout "':~ste and free from mechanics or other lie
<br />exoresslv subordinated to the lien hereof ;to notmakeiS)lf:fe
<br />"e~mi t a~y nuisance to exist nor to diminish or impairthey~,
<br />of the property by any act or omission to act; aildto compl'y,:w':i.
<br />all requirements of law with respect to the property., .
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<br />6 , Condemnation. In the event the property t oran)'p)apt
<br />thereof, shall be taken by eminent domain, Beneficiary is,!",n:ti
<br />to collect and receive all compensation which may be pa~dfcii. ...
<br />property taken or for damages to property 110t taken, and~ene='fi*
<br />ciary shall apply such compensation, atitsoption,eithertoi3.:
<br />reduction of the indebtedness secured hereby or torepa:i"r.and:'
<br />restore the property so taken. .
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<br />7. Performance b'( Beneficiary. Beneficiarymay;'but$ha.:l.l
<br />have no obl1.gat~on to, do any act which Trustorha:sagreedhut::
<br />failed to do, and Beneficiary may also do any acti t deeills,
<br />necessary to protect, the lien hereof, Trustoragr~es torepi3.Y,
<br />upon demand, any sums so expended by Beneficiary for the aboy~
<br />purposes, and any sum so expended by I3eneficiary shallbeadqt;id"
<br />to j:he indebtedness secured hereby and become secured by i:.he lien
<br />hereof. Beneficiary shall not incu-r u,~'J persona-I l"i~hiJi ty
<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 />p(J\.,'e.r dnu dU trlu:c icy ctu.c .ing 'Cne con t:.inuance of 1::.f1 is i),e~d oE 'l\r"list
<br />to collect the rents, issues and profits of the propert1 and of
<br />any personal property located thereon with or withou-t taking
<br />possession of the property affected hereby, and Trustor hereby
<br />ahsolutely and unconditionally assigns all such rents~ issues and
<br />profits to Beneficiary. Beneficiary, however! hereby consents to
<br />Trustor l 5 collection and retention' of such rents I """issues arid
<br />profits as they accrue and become payable, so l.ong" as Trustor is
<br />not, at such time, in default with respect to payment of any
<br />indebtedness secured hereby, or in the performnnce of any agr~e-
<br />ment hereunder. If any event of default described hereafter i,n
<br />respect to this Deed of Trust shall llave occ\lrred and be con-
<br />tinuing, Beneficiary, as a ln~tter of right and without notice to
<br />Trustor or anyone claiming under Trustor, and wit]1out regard to
<br />the \u'11ue of the t..:r:ust os,tate or t.he i.nt..ere8t of the 'I'rustol~
<br />therein, stlall have the right to eoplv to any court having juris-
<br />diction to appoint a receiver of the ~ropert~.
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<br />q. l.D 'f-"t\ t),r.n-, P,enefi.cj,ary,
<br />t.i.VC~);' Dr ....;~r~~~/' '~ri" iJuthori.2-ed tr.J
<br />upon or in a~y part of ttle propc~ty
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<br />or i t.s (,igen ts ~ represen. ta-
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<br />l~ ~lr~~ f~\~h t: ~~~; ::~~() s~~~e ~~~~:: r~t:;:/;:; c t~ itl~e9
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