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<br />A. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY
<br />COVENANTS AND AGREES AS FOLLOWS:
<br />1. Payment of the Principal and Interest: Trustor shall promptly pay when due
<br />the principal of and interest on the indebtedness evidenced by the Note, and all other
<br />charges and fees as provided in the Note, and the principal of and interest on any Future
<br />Advances secured by this Deed of Trust.
<br />2. Warrant _~Title: Trustor is lawfully seized and possessed of good and
<br />indefeasible title and estate to the Property hereby conveyed and has the right to grant and
<br />convey the Property; the Property is free and clear of all liens and encumbrances except
<br />liens now of record; and Trustor will warrant and defend the title to the Property against all
<br />claims and demands.
<br />3. Maintenance and Compliance with Laws: Trustor shall keep the Property in
<br />good repair and condition and shall not commit waste or permit impairment or deterioration
<br />of the Property and shall comply with the provisions of any lease if this Deed of Trust is an
<br />a leasehold. No improvement now or hereafter erected upon the Property shall be altered,
<br />removed or demolished without prior written consent of the Beneficiary. Trustor shall
<br />comply with all laws, ordinances, regulations, covenants, conditions and restrictions
<br />affecting the Property and shall not commit, suffer or permit any act to be done in or upon
<br />the Property in violation of any law, ordinances, regulation, covenant, condition or
<br />restriction. Trustor shall complete or restore promptly and in good workmanlike manner
<br />any improvement on the property which may be damaged or destroyed and pay, when due,
<br />all claims for labor performed and materials furnished therefor and for any alterations
<br />thereof.
<br />4. Insurance: Trustor, at its expense, will maintain with insurers approved by the
<br />Beneficiary, insurance with respect to the Improvements and personal property,
<br />constituting the Property, against loss by fire, lightening, tornado, and other perils and
<br />hazards covered by standard extended coverage endorsement, in an amount equal to at
<br />least the unpaid principal balances of the Note and any accrued interest thereon. All
<br />insurance .policies maintained pursuant to his Deed of Trust shall name the Trustor and
<br />Beneficiary as insured, as their respective interests may appear, and provide that there
<br />shall be no cancellation or modification without no less than fifteen (15) days prior written
<br />notification to the Trustee and Beneficiary. In the event any policy hereunder is not
<br />renewed on or before fifteen (15) days prior to its expiration date, the Trustee or
<br />Beneficiary may incur such insurance and renewals thereof or memo copies of such
<br />policies and renewals thereof. Failure to furnish such insurance by Trustor, or renewals as
<br />required hereunder shalt, at the option of the Beneficiary, constitute a default.
<br />5. Taxes, Assessments and CharcLes: Trustor shall pay all taxes, assessments
<br />and other charges, including, without limitation, leasehold payments or ground rents, if any,
<br />before delinquency, without notice of demand, and shall provide Beneficiary with evidence
<br />of the payment of the same. Trustor shall pay all taxes and assessments which may be
<br />levied upon Beneficiary's interest herein or upon this Deed of Trust or the debt secured
<br />hereby, without regard to any law that may be enacted imposing payment of the whole or
<br />any part thereof upon the Beneficiary.
<br />6. Additional Liens and Protection of Beneficiary's Security: Trustor shall make
<br />all paymepts -af interest..~nd principal .and payments of any other charges, fees and
<br />expenses contracted to be paid to any existing lien holders or prior Beneficiary under any
<br />prior deed of trust or mortgage before the date they are delinquent and promptly pay and
<br />discharge the security granted herein. If Trustor fails to make any such payment or fails to
<br />perform any of the covenants and agreements contained in this Deed of Trust, or in any
<br />prior mortgage or deed of trust, or if any action of proceeding is commenced which
<br />materially affects Beneficiary's interest in the Property, including, but not limited to, eminent
<br />domain proceedings, or proceedings involving a decedent, or if Trustor fails to pay
<br />Trustor's debts generally as they become due, the Beneficiary, at Beneficiary's option and
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