|
� '����/P°...�LSi�, �M�QW��'{��'���Y.�.L71iLi1�r��'C��� __ _ W.e.. ...r. e��V�f�[Yp�'1Mn ry2+`�. . ..- _ '-__
<br /> �" 1:...9�IP/J�f": .::.: • � I _ - �.���
<br /> f��i L ���4`�1-• `"
<br /> � ,.�.. _
<br /> _ .
<br />_ � --- , . ... .�:,•� � , ` •... , --- _�-
<br /> . _._. .� : .. �,�. - -- --
<br /> � -- _ _
<br /> _._. s.y. _ - _FLU;�. _ .r.._._.._____..^-_ .. . •- -- ---v�,.sF..
<br />_ �:. ^ �-_. ,.. � - 92 102223 �_.
<br /> -
<br /> ',,.• ;�..,..,t:�.,.,.. , �_ _��: . _
<br /> � � . � ur, Beneficiary to pay �uah taxea, asseaa�aonts or �ther oharges ae
<br /> �� ° „ ,. '• they become due.
<br /> � '� � � � ° 4. Re air Maintenance and Usa. To not commit waste on or 6"�
<br /> - damaqe ta t e property an to use ue care to prevent others from ��J�---� _
<br /> �"�.� , so doinq� to keep the house and irriqation equipment aituated 0��;�
<br /> �� upon the aforedescribed re�al estc�te in good condition and repairt ���-
<br />� 7 . . � to keep the property fred Prom mechanice or other liena not
<br /> expreaely subordinated to the lien hereof= to not make, suffer or
<br /> � ,� permit any nuisance to exiat nor to diminish or impair the value _
<br /> �• of the property by any act or omiesion to act= and to comply with _
<br /> all requirements of law with respect to the property.
<br /> � � • 5. Condemnation. 'in the event the property, or any part -�,�,.,._
<br /> � thereof, e a e ta�cen by emi.nent do�eain, Beneficiary is entitled
<br /> ' a be aid for an �'.�� y y
<br /> to collect and receive all compensatien which m y p Y ;��
<br /> � � . property taken or for damages to property not taken, and Bene-
<br /> � ficiary shall apply auch compensation, at its option, either to a .,, z____
<br /> , � reduction of the indebtedness sncured hereby ox to repair and .,�.•:����. .:�.���,_,.o
<br /> restore the property ao takan. �° � - ""
<br /> � .:T- - --
<br /> '�� 6. Performance bv Beneficiary. Beneficiary may, but shall �
<br /> have no obl gat on to, do any act which Trustor has agreed but � ,�T
<br /> •• , eficiar ma also do any act it deems f•.�� � a• '.¢
<br /> � f a i l e d t o d o, a n d B e n y Y ?��--
<br /> neceasary to protect the lien hereof. Truetor agrees to repay, � '_�_—
<br /> � � upon demand, r�ny sums �o expended by Be;►eficiary for the ahove . ,:
<br /> purposes, and any swn so expended by Beneficiary shall be added � �� ,
<br /> to the indebtedness aecured hereby and become secured by the lien ��_;,,:,0.,e_�
<br /> -_- -_--' hera�f. Beneficiary shall not i.ncur any personal liabilit�► ���-��-T?m`.,;e-"�`�1
<br /> � becauae of anything it may do or omit to do hereunder. �"f. �-"�'� "�� -
<br /> .�`,r:l ,
<br /> �. '�� �
<br /> � '' :
<br /> ' � ?. Asai nment of Rents. Beneficiary shall have the riqht. ' �
<br /> � power and author ty dur nq the continuance of this Deed of Trust :�,;,�: ' '
<br /> to collect the rents, issues and profits of the pxoperty and of �.�, `.`± •:.:�n� .
<br /> any personal property located thereon with or without taking �� ' '�r•Z��_
<br /> possession of the property affected hereby, and Trustor hereby � , :� �;�
<br /> absolutely and unconditfonally assiqns all such rents, issues and 5
<br /> profits to Beneficiary. Heneficiary, however, hereby consents to - _
<br /> Trustor 's collection and retention of such rents, issues and � � -
<br /> profits as they accrue and become payable , so long as Truator is : .
<br /> not, at such time, in default with resp�ct to payment of any '
<br /> indebtednese secured hereby, or in the performance of any agree- , -
<br /> ment hereunder. If any event of default described hereafter in -."�•� �
<br /> respect to this Deed of Trust shall have occurred and be con- �.. .
<br /> . tinuing , Beneficiary, as a matter of riqht anc3 without notice to . � .
<br /> Trustor or anyone claiming under Trustor, ar�d without regard to .,
<br /> � the value of th� trust estate or the interest of the Trustor �.a;�,;.}_�
<br /> therein , shall have the right to apply to any court having juris- ' .P.,�:,..,
<br /> ., � dicti�n to appoint a receiver of the property. ::�"�
<br /> � 8. Inspections. Beneficiary, ox its agents, representa-
<br /> tives or workmen, are authorized to eciter at any reasonable time
<br /> " upon or in any part o£ the property for the purpose of inspecting
<br /> � the same and for the purpose of performing any of the acts it is
<br /> authorized to perform under the terins of any loan instruments
<br /> ;
<br /> executed by Trustor. •
<br /> • 9. Transfer of Property. If all or any part of the
<br /> : property or any interest of Trustor tticrein is sold, transferred
<br /> , or further encumbered without the express or written consent of
<br /> Beneficiary, Beneficiary may, at its sole option, declare all
<br /> :� sums secured by this D�ed ot Trust �o be immediately due and pay-
<br /> �h�o A.,� nrnrr�Nd to the remedies available to it under the
<br /> default provisions contained herein.
<br /> 10. Events of Default. Any af the followinq events shall
<br /> ! be deemed an event of de faul t hereunde r:
<br /> (a) Trustor shall hav� failed to make
<br /> � payment of any iristallment of interest,
<br /> � principal or principal and interest or ��ny
<br /> other sums secured hereby when duej
<br /> -2-
<br /> . '. ' � _ _ -- � -
<br />
|