81002193 - Laserfiche WebLink

Browse

$I-,..OG2193 payments of principal and interest, if any, on the date set forth for the making of the payment each month, a sum as established by the Beneficiary equal to the taxes and special assessments .*.sext due an the premises, glue the premium that will next becatee due and payahle an insurance policies covering the premises, divided by the number of months to elapse before one month prior to the, date when such taxes, special assessments, and premiums will be due. Bald sums to be held by the Beneficiary in trust to pay the taxes, specia.i assessments, and insurance premiums. Any defi- ciency in the amount of any aggregate monthly payments (principal, interest, taxes, special assessments, and insurance premiums)- shall con- stitute a default. The arrangements provided for in this subparagraph are for the added pratectian of the Beneficiary, and entail no responsibility an the part of the Beneficiary. Trustor covenants and agrees that a failure to make any payment, either principal or interest on the note secured hereby when due and payable, or a failure to comply with any of the covenants and agreements herein made shall cause the whole sum of money hereby secured to become due and collect- ible at once at the option of the Beneficiary, and Beneficiary shall have the right to cause Notice of Default to be given and the premises to be sold as provided herein. It is mutually agreed that: A. Rt any time and from time to time upon written request of Beneficiary, payment of fees and pres~ entation of this Trust Deed and the note for endorsement {in case of full reconveyance, for cancellation and retention}, without affecting the liability of any person for the payment of the indebtedness, Trustee may ta} consent to the making of any map or plat of said property; (b} fain in granting, any easement or creating any restriction thereon; (c} ;oin in any subordination ar other agreement affecting this Trust Deed or the lien or charge thereof, (d} reconveyf without warranty, all or any part of said property. B. The grantee in any reconveyance may be described as "the person or persons entitled thereto," and the zecitals therein of any matters or facts shall be conclusive proof of the truthfulness thereo€. C. Upon default by Trustor in the payment of any indebtedness secured hereby or in the performance of any agreement hereunder, Beneficiary may de- clare all sums secured hereby immediately due and payahle by delivery to Trustee of written declara- tion of default. Zf Beneficiary desires said property to be sold, it shall deposit with Trustee this Trust Deed and all prac+issory notes and doceasents evidencing expenditures secured hereby. and shall deliver to Trustee a written notice of default and election to cause said property to be sold in the farm required by law, which shall be duly filed far record by Trustee. #1} After the lapse of such time as may be re- g~i~ed by law following the recordation of Div ia+.iti :c ail ~c`fai'ait, and XE€?t3GL of d~f~-.U.l:L atH3 notice of Sale having been given aS res~#rsd by lax, Trustee, without demand an 'ator, shall sell said property on the date