|
-s- > ~Q= ~) ~~ ~ 4 ~ 4
<br />to Beneficiary the original policies of insurance and renewals
<br />thereof or memo copies of such policies and renewals thereof.
<br />railure tc furnish such insurance by T'rustnr, or -renewals as re-
<br />quired hereunder shall, at the option of Beneficiary, constitute
<br />a default. All unearned premiums are hereby assigned to Trustee
<br />as additional security and a sale and conveyance of the Property
<br />by the Trustee shall operate to convey to the purchaser the Trustnr's
<br />interest in and to all policies of insurance upon the Trust's property.
<br />7. Taxes and Assessments. Trustor shall pay all taxes and special
<br />assessments levied or assessed against or due upon the Property
<br />before delinquency, and will deliver to Beneficiary copies of re-
<br />ceipts showing payment of such taxes and special assessments. If
<br />Beneficiary shall so request, Trustor agrees that there shall be
<br />added to each periodic payment required. to be made hereunder, an
<br />amount estimated by Trustee tp be sufficient to enable Trustor to
<br />pay, at least 30 days before delinquency, ail taxes, assessments
<br />nr other public charges against the "--"ust Prnperty, the ..ate saaura«
<br />by this Trust Deed, or upon account of the debt nr t:he Berl of tkris
<br />Trust Deed, together with premium:; for insurance required to tae
<br />provided under this Trust Deed, arirl no interest skaaii be. payable '~u
<br />Truster in respect thereof. Upon ~.temand by TrusL-ee,Trustnr shall
<br />deliver to Trustee such additional suds of money ran are ;necessary
<br />to make up any deficiency in the amounts necessary to enable Tres,
<br />tee to pay any of the foregoing items.
<br />f3. Additional Liens. Trustor shall make aIi payments of interest
<br />and principal and payments of any other charges, fees, and 2x-
<br />penses contracted to be paid to any existing lien holders or prier
<br />beneficiaries under any prior Trust Deed, Mortgage, or. other secur-
<br />agreement, before the dale they are delinquent and to pay any
<br />claim which jeopardizes the security granted herein.
<br />~. ProtecCi.on of Beneficiesrv's Security Should Truster ::ail to
<br />:make any payment, sail to do any act as ~icrein prcavi_ded, ar it
<br />any act:. 31~ E7'r pica CV3,;~d in7i i5 commenced 47k1i Ct'S ".17Ate r3.al1Y ai;e%t5
<br />Beneficiary's lntarest 131 tner'roperty, 1_rlclu£li!ig, b:;t.-. ?10': ?;mite:':;
<br />t'o, eminel~nt domain., i:.solvcn:cy, arran~;emcants car pr•nce2dir:~„s involy-
<br />ing a bar:icr,:ka or ~~~s,.do3,tC, thozl P,anef,;ci~Gry c,r irusc•~+~,, i~ut =.a,s1_.
<br />nUt ~F-Jlg3 i- vn i, i• vi v' SO, ant,'i C~71 i. ilullt nOL1CC L.O Or C12'4an(Y ;1pOn
<br />Trustor, and without releasing Trustor from any obligation i<ere_-
<br />under, may make or do the same, and may pay, purchase, contest ur
<br />compromise any encumbrance, charge or lien, which i11 tkle judgment
<br />of either appears to affect said Property; in exercising any such
<br />powers the Beneficiary or Trustee may incur any liability and ex-
<br />pend whatever amounts, including disbursements of reasonable aCtcr-
<br />neys' fees, which in their absoluCe discretinn, may be necessary.
<br />In the even L- that Trustor shall fail tc procure insurance or tc,
<br />pay taxes, and special assessments or to make any payments to exist-
<br />ixtg or prior lien holders or beneficiaries, the Beneficiary may
<br />k?rc~cure such insurance and make such Fragments. All sums incurr~ci
<br />c,~r expended by Beneficiary or Trustee in iccordance with Che pro-
<br />vis~ions of tills Trust Deed are secured hereby ants, wi.tilouC de;nand,
<br />shall be immediately due and lea gable by Trustor and shall t>eir
<br />interest at the maximu;~i aii.owable legal race; provided, however,
<br />that at tt?°-_ npti4n 9f ~~ kc'f i^iar;' v. .rlitS tVc .S iiC ~ s'Lit~,S ..ii 1'
<br />added to the principal balance ~ any iracicbti=dress secured hzr.~Lv
<br />a'ntt shall bear the same interest as such indebtedness and shall iat
<br />payable ratably over the remaining term tklereof.
<br />10. itss~nment of kents. if file Property ~ a re::t«1 property>
<br />B%:.e.fs.ciarr shall have. t;ile rif;klt, power andJautiaority ckurin~ the
<br />continuance of this Tr:rst De:eci to c:ol.l2ct the rent:>,~ issue:,~a,~~:
<br />profits Gf the Property and cf any parsonai prnpcrty locateu ti;c~°~oi!
<br />with or withnut 'akcic;#, possession o the pr<>,aerty of*ected her~hv,
<br />and Trustor Hereby abse].utcly a.d urlconditiorlall.y assigns all :;uch
<br />rentx, issues and profits to Beneficiary. Beneficiary, howeva,
<br />
|