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r <br />_2_ <br />gl` G~2975 <br />This Deed of Trust, the Note, and any other instrument given <br />to evidence or further secure the payment and performance of any <br />obligation secured hereby are referred to collectively as the <br />"Loan Instruments". <br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when dole the <br />principal o an t e interest on, the indebtedness evidenced by <br />the Note, charges, fens and all other sums as provided in the <br />Loan Instruments. <br />2. ,TAXES. Trustor shall pay each installment of all taxes <br />and special assessments of every kind, now or hereafter levied against <br />noticeuor demand,oandnshalltprovidefBeneficiarylwitheevidencehoft <br />the payment of same. Trustor shall pay alI taxes and assessments <br />which may be levided upon Beneficiary's interest herein or upon <br />this Deed of Trust or the debt secured hereby, without regard to <br />any law that may be enacted imposing payment of the whole or any <br />part thereof upon the Beneficiary. <br />3. INSU NCE AND R IRS. T for shall main in fir and.---t <br />exte~tded cov a e insur c insuri g the improveme and ld <br />ings consti uti part f t e Tru t E tote for am unt o 1 s <br />than he a ount th unpai pr ncipa balanc of the N to o- <br />insura ce not exc~ed'ng 80fi a ttedj. Such nsuranc poll ~~ <br />shall tain a st dard wort a clause in avor of fi ry <br />and she not be~ceilable, erminable, r modifi le i o t <br />ten (1 days pr rewritten o ice to Be a iciary. Trust s 11 <br />Primp y epair,~ mai~atafn a place e t Late o ny <br />part they of scy that,ll exce t fobordinary w r d tear,rr~ tt e T st <br />Est to she 1 t deteYior te. ~ event s 1 the Tr>,isto co <br />mi waste far to th~T ust Est3 - ~ <br /> <br />4• ACTIONS AFI'ECTING TRUST ESTATE. Trustor shall appear in <br />and contest any action or procee ing purporting to affect the <br />security hereof or the rights or powers of Beneficiary or Trustee, <br />and shall pay awl costs and expenses, including cost of evidence <br />of title and attorney's fees, in any such action or proceeding in <br />which Beneficiary ar Trustee may appear. Should Trustor fail to <br />make any payment or to do any act as and in the manner provided in <br />any of the Loan Instruments, gene€iciary and/or Trustee, each in <br />its own discretion, without obligation, may make or do the same in <br />such manner and to such extend as either may deem necessary to pro- <br />tect the security hereof. Trustor shall, immediately upon demand <br />therefor by Beneficiary, pay ail costs and expenses incurred by <br />Beneficiary in connection with the exercise toy beneficiary of the <br />foregoing rights, including without limitation costs of evidence <br />of title, court costs, appraisals, surveys and attorney's fees. Any <br />such costs and expenses not paid within ten (lOj days of written <br />demand shall draw interest at the default rate provided in the Note. <br />5. EMINENT DOMAIN, Should the Trust Estate, or any part <br />thereof or~nterest t erein, be taken or damaged by reason of any <br />public improvement or condemnation proceeding, or in any other <br />manner including deed in lieu of Condemnation ("Condemnation"j, <br />or should Trustor receive any notice or other information regarding <br />such proceeding, Trustor shall give prompt written notice Cherec~f <br />to Beneficiary. <br />__.. - - r ---.. J ~ ) <br /> <br />b• APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, front <br />tip to t _ a rtr tten nstrument executed and aekxtoviedged by <br />