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<br /> TRj3JTt�F� �.���i�At.Tu �'1SVu ::(:°�ES Pl?'i'� .r,Ri3UEFt�AS Fl?T,Y,f�WS: -_ :
<br /> 1, p�ym�nr. o� � c�� tipt:,�ti. All indebtedr►ess sec:ured __
<br /> }:°T'°by ehal 1 be paxd when due. ---�
<br /> Z, T,�. Trustor i9 tlze owneY• of the Property and al]. =
<br /> improv�ment� thereen, hae the righe and authority to convey the
<br /> pzeperty and waxrante that the lien crea::ed hereby ie a firet and `
<br /> prior lien on the Pr�perty and the execution and delivexy of the
<br /> Deed of Tru�t does not violate any contract ax other abligation -
<br /> to which Trustor ie aubjece.
<br /> 3, Tax�1��_A�P�smen��:. To pay, before delinquent, a11
<br /> Caxes, special assessmenLa a�1d all other charges againeC the
<br /> Propexty now or here�.tLer Iev3.ed.
<br /> q,, �naiirance, 7'�a lceep the FroTserty f.naured againat damage
<br /> by fire haxards lAC1l1CfG'�� with the term "extended coverage" in
<br /> amounts and witih companias acceptable tc Lend�r. naming Lender as
<br /> an additional named int�ured with losa payaJ�Z.F�� i..�a the Lender. In
<br /> ca�� �t loee under su��1s policies, th� L�nder zr authorized to
<br /> adjur�2, col].ect and c�.,�s;z:xoc�is� a�l c:]::��wRS thereunder and �orrawer
<br /> ahall have tY�e optiori %� a���;}ri.ng all or part� �sL the insurance
<br /> proceeds (i) tcs any indebtec�y��9 secured here�Pay- and in aucn or�er
<br /> as Lender mayr determine, (ii? to the Truator �:�J be used fox t�i�:�s
<br /> repair or res�ordtion of the PropertSr , or (iii) for �►y otlr.�r
<br /> purpoae or o3��ect satisf3ctory to Lender without afE����ing the
<br /> lien of this iDeed of Trust far the full amount secur�3', �ereby
<br /> before auch payment ever took place. Any apglication d£ pr�ceeds
<br /> to indebtednesa shall not extend or poetpone t�.e due date of any
<br /> pa��:�ts under the Note, or cure any default thereund�r or
<br /> herena�der.
<br /> 5, �,K'n pnance Reioa�r� and Comnli nee urith Laws. T�etcar
<br /> ehall keep the Property in good condition a�d xepair; ehall
<br /> promptly repair, ox �eplace, any improvement Mhich may be damaged
<br /> .,Y �aarmvPd: ehall not commit or percait any k•aete or deteriora-
<br /> .... -----�- -� _- ----�- . .
<br /> tion o£ ti�e Property, no:ma]. wear and tear exaepted; shas.l noz - - -- - -
<br /> remove, demolish or substantially alter any of the improvemente
<br /> on the Property; shall not cammit, suffer o� permi.t any act to be
<br /> done in or upon the Property in violation of any law, ordinanc�
<br /> or regulation; and ehall promptly discharge at Truator'e cost and
<br /> expense all liens, encumbrances and chaz-gea levied, imposed or
<br /> aeaessed agaanst the Property or any part thereof.
<br /> � 6, F�•z.,a*,r �ma�n. I,ea�roler is hereby assigned;all compe�sa-
<br /> � tion, awards, damageo and other payments or .relief (D'n�reinafter
<br /> "Prcceeda") arr conn���non with c�ndemnation or other taking of �
<br /> ' .. the Property c�r part thereof, or for conveyance in lieu of con-
<br /> � • demnation. Lender shall be entitled at its option ta commence,
<br /> appear in and prosecute in irs own name any action or proceed-
<br /> ingr�, and shall also be entitled to make any compromise or set-
<br /> tle�nt in conriection with such takircg or dainage. In the event
<br /> any portion o£ the Property is so taken or damaged, Lender ahall
<br /> have the v�L�on, it ita sole and absolute discretion, to apgl�r
<br /> all such Pracc-eds, after deducting therefrom all coste and
<br /> expensea incurred by it in connection with such Proceeds, upon
<br /> any indebteclness t�r�cured hereby and in auch order as Lender may
<br /> . detcrmine, or to apLsTy all auch Proceeda, after such deductions,
<br />- to the rer�tor��ion o� the Property upon such conditione a� l,�nder
<br /> - may determ�.�.. �np application of Proce�drs L•e indebtedner�� �Lzall
<br /> nat extend or postpvne th�s due daCe of any paymente under i:ne
<br /> . Nate, or cure any dei:3ult thereunder or hereunder. �ay unapplied
<br /> . funds ahall be naid �o Truntor.
<br /> �, pPrft� an . �. by T,�nd�r. Upon the occurrence of an �vent
<br /> of Default hereunder, or if any act ia taken or legal proceeding
<br /> commenced, which materially affects Lender'� interest in tY�e
<br /> Property, Lender may in its own dfscretion, but without obliga-
<br /> tion to do so, and without notice to or demand ugon Trustor and
<br />- without releasing Truator from any obligation, do any act which
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