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<br /> ' 4y ,� � �M CONSTiIUC�IOh SiCUA1TY INTEftFIT ��.-
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<br /> l:��s A9nxrr�� sw,�r�s e� o :� �oi r �jr„�,.
<br /> � FIFiE,CASUAITY,ANO OTHkR INSUHANCE.TO kt�ep suc�pto�erty insured Ap�1�p�r0.okd��G�k�1�����A���f��.�.�•. �'
<br /> � risk et rieFcs which, in the sole opiniUn ot BeneliciAry should be insured ayainst��uM�ei�potl4l�s e����cww ���«,•.• _
<br /> � payable to Eleneiiciary in form,anwunt end comp2ini9s acceptable to Beneticiai y.'�113�dltCibs��all be deliverad la and i=
<br /> remaininpassssslonof�ene(iciaryasiu�►heico:.urotytortfiefaithfulpertormancsolthesoobligaQions.whichdetivs�yshall L
<br /> co�5titute an assl9nment by Trustor to Beneliciary ut all rights thereund2r, inctud;ny all return premiuma; t�de�liver to L
<br /> Eianeficlary a policy or policles ranewlny or extendlnfl any expiriny insurance with ra recsipt showinp prem:ums pa�d at «_
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<br /> least thirty(30)days befo�e expirat�on.If l'rustor tai13 to so deliver any renowal pollcies, Ben�ficiary may�+�ocu�e such �,
<br /> ; ir��rwnce�s it may t►lect and may maka paymsnt af pcernlums thereon,which paymeM Is repaY�bla on damand. Neither �,
<br /> - -; Trustae nar Beneticlary shaU be responsible tar obtzlninQ or maintaining suci�insurarce.Beneficlary.Irom time to tima. �--
<br /> maylurNSh toany insuranceage�cy or company,ar any other person,any Intarmatiari contsine�i inor extractadtrom uny �
<br /> •. � insurance po�icy theretotore delivered to Beneficlary pursuant hereto,and any inlormatian cancerning the loan secu�ed �-_
<br /> � ne�eby.In no evant and whether or not detault Eierouncier has accurred shal! Beneticiary,by the tact of approvin4,
<br /> accepting or obtaining suchinsurance,incurany liability tor the amountof such insu�ance,theform�r tegal sufliciency of �.
<br />� insura�ce contracts,sotvency of insurers,or payment of losses by i��sure�s,and Trustor he�eby expressly assumes tuU �.._
<br /> responsibility theretora and liability,if any,thereunder.ln the event olloss,Trustor shall glve immediate written notice to `_
<br /> Be�eficiary,and Benoficiary may,but is not obligated to,make proot of loss if not made promptly by Trustor.In case o1 a�y ._
<br /> lassthe amountcollected under any policy of insurance on such properiy may,atthe option olthe Beneticiary,be applied �'-_
<br /> by Beneficiary upon any indebtedness and/orobligation secured hereby and in such orde�and amount as Beneficiary may =
<br />� •`. determine;or said amount or a�y portion the�eof may.at the optlon ot !he 6eneficiary. either be used in �eplacing or �,�
<br /> �s� restoring the improvements partially or totally destroyed to a conditlon s��sSactory to said Beneficiary,or said amount o� _ -
<br /> any portion thereof may be reloased to the Trustor.In any such event neither the Tcustea nor the Beneficiary shat!be _�_
<br /> obligated to see to the proper application thereof;r.or shall the amount so re�sed or used be deemed a payment on any �Y
<br /> • indebtednesssscuredhereby.SuchapplicaGon,useand/or�eleaseshai4�atcureorwaiveanydetaultornoticeofdofautt �
<br />• z hereunder or invalidate any act done pursuant ts�sucl�notice.Any unexp;red insurance and all returnable insurance `_
<br /> p�emiumsshallinsuretothebenefilof,andpasstc.t�epurcha5erotlheprapertycoveredcherebyatanyTrustee'ssalehetd �
<br /> �`� ; hereunder.ltsakJpropertyissoldpursuanttathepowerofsalecontainedt�ereinorpursuanttoa�ydecreeofforoclosure, r.:
<br /> � allright,titleandinteres4olT�ustorinandtotheG�a��SQf'�reandotherinsurancepoliciestordamagepriortothesa�e, T_
<br />-; arhich p�oceeds ara not received prior to the cfut�at said sase,shall belon�to Beneficiary.T�usta w►11 comply with such
<br />`�.� otherrequirementsandprovidesuchothertypeaf��suranceasBeneficlarymayrequl�etromUmetotlrrsetortheProtection l
<br /> ,� by insu�ance o1 the interest of the respective p�1i�s h8reto. �-
<br />� TAXES AND OTHER SUMS DUE:To pay,satisfy and disct�aa,�ge,at least to ten(1QD d+ys before delinquency all general �
<br /> � and special taxes and assessments and other public cha�ges,and in no event latac Lt-.�.�Y�se date such amounts bacome
<br /> � due and to turther pay when due or requested:ll)all encumbrances,cha�ges and liens,w9th interesL o�such property,or �
<br />:� any part thereof,whlch are,or appearto benefici�y,in its sole discretion.to be prior to c�rsuperior he�e�o,(2)sll cos�s.fees
<br /> =°�. andexpensesofthietrust,whetherornotdescribedherein,(3)feesorcha�gesforar.}rs�temantrc�.:rdingtheobligation
<br /> secured hereby in any amou�t deR�rded by Oene�clary,not to exceed the maximum�ount allowed by taw therefore at
<br /> thetimewhensuchrequestismade,S4)suchotha�cha�gesasiheBeneticiarymaYdeemc�easenabteiarse�+�ces�dde�9 _
<br /> by Heneficiary and furnished atthe request otTrus:or or any successor in interestto Tru,s�.(5)it suct�p�ope�'►y�
<br /> leasehold estate,all payments and abUgatlons recsuired of the Trustor or his successor i�inte�estu�cie�'the te�rns of the
<br /> insVument or inst►uments c�eating such leasehald,(6)all payments and monetary obt;�ations reQatired of the o Q=a y
<br /> -�.� s u c h pr a p e rt y under an y dectaration of covenants, conditlons and restriction9 pe�eaining to such property
<br /> _ �.w;f;���.,��,w.ani;�T�aIl mortgaae insurance or yuaranty tees,p�emiums,or chargcs o f any na tur e p e r t a i�i i s$C O s uch
<br /> =a x,__���.. �s�vnww�wn..mr��. .
<br />..;� propertyTrustoragreastoRatify8es�eticiaryimmed�+ta�yuponreceiptbyi►usiorofno'rcauia�.y����.��••
<br /> :�� vatue of such properry and agrees that Beneficiary,in the�ame of Trustor,may contest by appropriate proceedings such
<br /> inCrease in assessmenL
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<br />.�� In the event of the passage of any taw deducting from the value o1 real property for the pu�poses of taxation any lien
<br />=---- thereonorchanSinginanywaythelawstorduetaxaUonoideedsolVustordebtssecurec�bydsedsofWstforstaleoriocal
<br /> '! purposeaorthemannerotthecollecUonefanysuchtaxes.soastaaHectthisOeedofTRCSt�ehaderofthisDeedotTrust
<br />__� and ot the obligations which it secures shall have the�iyht to dectare all sums secured herehy dve as of a date to be
<br /> ;s� speci6ed by not lesa than 30 days'written notice to be give�to Trustor by Beneticiary;providcd�.however,that such
<br /> �� e�gcticn shall be ineftecUve if Trustor is permitted by law to pay the whole of such tax in addi�ccr L�atl other payments
<br /> — cequired hereunder and if,priar to such specified date,dces pay such tax and ayreesta pay any such tax whecs hetealter
<br />� tevied or assessed against such p�operty.a�d such agreeme�t shatt cons:itute a m�ti�ation o1 this Deed cF tic►isi
<br />�� FUNDS FOR TAXES AND INSURANCE:If 8eneficiary shall so request,Trustor agre�s that there shall be added to the
<br /> �� periodicat payment required to be made hereunder an amount estimated by Trustedta be sufficient to enable Trustor to
<br /> ��'� pay.at least thirty(30)days befc+re delinquency.all general and special taxes,assc�sments,or other public charges
<br /> "� agsinst such property.the Promiss�ry Note,orupon or on account of the debto�the lierr of this Deed ofTrust Wget�er with
<br /> �� premiums tor insurance required to be prov"rded under this Deed ot Trust and all rrtarb�age i�surance or guaranty fees.
<br />'.:=,F premiums or similar charge9 snd no interestshall be paysble to Trustor in respectli�ereof. Upon dema�d byTrustee,
<br />:� TrustorshalldelivertoTrusteesuchadditionaGsumsofmoneyasarenecessarytorcr�keupanyde4'ciency intheamounts
<br /> necessary to enabfe Trustee to(nay�anY ot the forepoing items.
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<br /> �� ` SUMS ADVANCEQ?0 BEAR INTEREST:To pay immediatety upon demand any surcss advances or paid by Be�se�aciary
<br /> �-�� or Trustee underany�clause or provision ofthis�Teed of Trust Any such sums,until so repaid,shall be secured hereby and
<br /> .- �.� bear interesttrom ti�s date advanced o�pald atthe same rate as setforth iR such Promissory Note and shal l be secured by
<br />:,,,�.,�, this aeed oi�rusi.
<br /> .� ASSIC3NMENT OF DEPOSIZS:'That as additional securiry if this be a construction toan,Trustor hereby transfers and
<br /> � assigns to Beneflciary during continuance otthese Trusts,all right title and interestto any and a!1 monies deposited by
<br /> . .� TrustorordepositedonbehalfofTrustorwithanyciry,county,pubHcbodyora�ency,sanitarydist�ict,gasand/orelecVic
<br /> - ccmpany,telephone company and any other body or ayency.tor the installation or to securethe installation otany utility by
<br />-. Trustor.pertaining to this property.
<br /> + FAILUREOFTRUSTORTOCOMPLYWITHDEEDOFTRIiST:IntheeventTrustarshouldtaiitomakeanypayment,orto
<br /> do any zct as prov'�ded in this Deed of T�us�or fail to perform any obligation secured by this Deed of 7rus9,or do any act
<br /> Trustor agreed not to do,Beneficiary,but without obligation so to do and without notice to or demand upon Trustor a�d
<br /> • withoutreleasingTrustorfromanyobligationhereolandwithoutcontesti�gthevalidityoramouniofthesame.maYla)PaY•
<br /> make or do the same in sach manner and to such extent as it may deem necessary to protect the security hereof,
<br /> Beneficiary bein9 authorized to enter upon such property tor such purposes. and (b► pay, purchase. cdntes: or
<br /> compramiseany encumbsance,charge or lien,which in its judgement is or appears to be priar orsuperior hereto,and(c)
<br />� in exercising any such power,pay necessary costs,tees,and expenses,employ counsel a�d pay counsel's�easonable
<br /> fee.s.Trustor ayrees to repay any amount so expended on demand of BeneSiciary.
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