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<br /> 8. ��ZARD IN�3URANCE. T�ustor shell =keap tho bui7din�s snd �. -
<br /> _�.�.�., oths� ie�prov�ants rw�+ �xlstt�� or hs��aftsr �r�a�od on th� . •
<br /> -- ------� Tre�st Fre�nfs�s insured by lnsurance carriors satfsfac�ory to
<br /> --_�-�y H�n�ficiery a9s9ns� loss.by fi�o,•�hazards �includod in �hR tor�
<br /> —=__-�--�-_�� "Extendad Coversge" and such ather. hazards, casualtiea�and; •
<br /> _-- -- =�" � contin9encies as nutY be r�uir�d by-6ert�iciarY €or th� fuil _ �-- -- -
<br /> _ � -""� �eptacen�snt costs thereof or in an anwunL not to excosd the _
<br /> ��[��c'� � —..
<br /> �=_ amount raqui r�d to pay the su�ns secured by this OMd of Trust, -- _
<br /> • � v '� whichever is g�eater, and for such periods as may be reQuired by � �=�
<br /> � - 8eneficiary. Ths policy ot' su�h insuranca sha71 64 in a fdrin =__-
<br /> -i acceptabte to 8snsfieiary and shail not contatn.a def�nse bss4d� --___
<br /> �•:r:;;: cn ca-insuranco. and sha11 aontain the standard provision that �___�_�_�
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<br /> na act of Trustor Ni71 render the policy void a� to the _, _
<br />� -� � BQRSficia�y o� affect Beneficiary's right to �ecover in caso of __ ��--
<br /> .-.� " ]vss�and the palicy ar palicies of insur�ance shall Asve loss - . � �_=
<br /> r�����-�� �:P�yAble provisions in fsvor and �ar�a+.�table to Banefiaiary. � 4
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<br /> Trustor.shal l pay al t Pre+niums .e� :�:'a�c#+ ,ictis�r�tnce by, msking ,-'
<br />. . _ , .�•,;�:��:.-:�'' - . . . � ,t;`Y�;:��::-
<br /> - >���:___�,,� -;. Paynw�t, Nhen due� di�ectly to ii�s�iraii�e''ca����s or, ii . !-
<br /> �-�_��T -� . Benef iciary sn deaignatesL by �i�in� aayiNent�ir���accordanco w�tt� �_ �'
<br /> r �_ �` Paragraph b h�reof. 8enexicia�y shalt have the ri�ht to hold -
<br /> _ .�;.�.:. . _ .: . . _. .`_
<br /> - �,..�;:;.. �. ...-:. :.. the pol icies snd renewals �hereof and Trustor •shal t prctmptly - �;-�;�X
<br /> � � � fu�ntsh to 8eneficiary s11 re�ra]. noticea �nd paid premium � � � •
<br /> � � � .�' ` . receipts received by him. , In �4 event shell Benaficia�y be hQac�;:� � '` �' .� . . ___
<br /> �' '�"': " reeponsib?e for tailu�e to pray for any insurance Krftten_whsre � ='�•;�� °�:�•:••�. � . - .:�
<br /> � � • � the fur�ds deposited pursuant to Paragraph 5 are insufficient for � . � �'�'
<br /> . . �r. . : ' �. � � ` .
<br /> `� � • � �such pnyment•or for any lcss or damage growi ng out of e dafect � �� � �' �'�
<br /> < <.` in atny oolicy or growing out of any failur�e of any insurance �'�` ��� � ; .`::��:��`•�..
<br /> . :�;:,'r'r:�r�---
<br /> . . company to pay fo� any toss or.damage insared aQainst. _ .��_,�.;,:•,:r;,:.,�i.
<br /> �=t. . ''
<br /> " ,y In the event of tass, Trustor sha11 give pronipt notice by � �. �, -�.�_
<br /> mai l to the insura�Ce �c��er. and 8enaficiary and 8ana�iciary �� ��
<br /> � :��;�
<br /> � - � may make praaf of toss� if rtat ebasle promptly by Trustor. T�u�to�� `° � -� . .
<br /> . '. aoa BenePiciary sha17 3ointly �+�just the insur�co providod, E .•� .. -X ;.�=
<br /> � � however, that if the claim is t�at paid within forty-five (4b) �. ��;
<br /> � days following the damage or destruction, the insurance rtwy be �
<br /> � . �: . ad3usted by 8eneficiary alone at any tim� after said forty-five �
<br /> . � • �� ci � is authorized and em owered to collect � . '.��
<br /> day Pe�iod. Be efi a Y P ; ,� ;j,:.:. . :
<br /> � � � � � and receive insur.ance prviceeds, ahd to apply the insurance � , .�-;..r., . � :.i-
<br /> j�;�,.;.. .
<br />� ' • � � ' proceods ar ar�y'�Rart thereof, at the sole discretion o� ..'•,_.;,:. _
<br />. . = � 8ene4icisry, t��the restor�tion o� rep�ir of the Proparty : . . _.
<br /> . T.�•;.; -,, •�; . - damaged or to ..t,�e re���ion of the indebtedness secured hereby, i - -
<br /> � . fn such order 4¢ app�i�ation as Berteficiary may determine. Any � .
<br /> � � •��;;-;!%` 'sueh �pplicata� t.o the princi�al of the Note ahall not sxt�end : ,
<br /> ' � . or postpane tha due date of any installments refer�ed to �in�tkes , ���
<br /> � � �. � Note or changa the amount of such iastellments. �� ��,• �.
<br /> . . ' A11 policies of insurance are hereby asaigned to ;'+:'�; . � � � . �
<br /> ' . , Beneficiary as additional security for the payment of the .
<br /> . � indebtednesa secured he�eby. In tfie svent of foreclasure of � , � :
<br /> � � - this Deed of Trust, alt Nght, title and interest of the T�ustor ; .
<br /> � in �te�� to any insurance policies then in force shall pass to the
<br /> . . purchaser at the forecqosure sale. �
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