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201049659 contained in this Deed of Trust. Trustor shall pay to Trustee on the day mon�hly paym�n�s are due under the note un�il the note is paid i� full a sum equal to one-twelfth of the yearly taxes and assessm�n�s �hat may attain priority over this Deed o� T�ust. (Such payment is herein referr�d �o as "escrow items.��) Trustee may estimate the �unds due on the basis a� curr�n� data and reasonable estimaties of future escrow items. Trus�ee sha11 apply the �unds to pay the escrow items. Trust�� may nat charge a fee for holding and applying �he funds. Trus�ee shall no� be required to pay Trustor any interest on earnings in the �unds. If the amount of the funds held by Trustee is no� suf�icient to pay the escrow items when due, Trustor sha11 pay �o Trustee any amount necessary to make up the deficiency in one or more payments as required by Trustee. The initial monthly payment for escrow items shall be $175. Upon payment in fu�� of all sums secured by this Deed of Trus�, Trust�� shall promptly refund to Trustor any funds held by Trustee; (b) The performance of each agreement, covenan� and warranty at Trustor he�ein cantained or se� forth in �he Note or any agreement or instrument executed by Trustor in connection wi�h the indebtedness hereby secured; and (c) The payment of any sum or sums of money with interest ther�on which may be herea�ter paid or advanced under the terms af this Deed of Trust. NOW, THEREFORE, TO PROTECT THE SECURITY OF THTS DEED OF TRUST, Trustor does £or Trustar and for Trustor's heirs, repre�entatives, vendees, successors and assigns, the owners of said Property, hereby expres�ly cavenant, agree and warrant �.o and with the Trustee and Beneficiary, and their succ�ssors, vendees and assigns: Firs�: That the Trustar hereby cov�nants and agrees, ta the extent permitted by law, as follaws: (a) to pay promptly when du� the principal and interest and other sums of maney provid�d for in the Note and in �his �eed of Trust; (b) to promptly pay before delinquency a11 taxes, assessments and other charges imposed by law upon �he Praperty, the Trustor�s �nter�s� therein, or upon this Deed of Trus� or the Note; (c) to keep the above- described P�operty and �he improvem�nts �.hereon in good conditian and repair and not to commit or suffer wa.ste thereof, and except as authorized in any schedul.e annexed hereta and forming a part hereof; (d) to maintain and deliver to Ben��iciary po�.icies of insurance against such hazards on the buildings and improvements now or hereafter located on or constituting a part of the Property as the Beneficiary sha17. xequire, in such campani.es and amounts and wi�.h such loss payable clauses as shall be satisfactory to the Beneficiary; �.hat in the event of loss, Seneficiary is express�.y authorized to settle or compromise claims under said poli.cies and �he proceeds thereof shall b� paid �o the Beneficiary who may apply the same ar any part ther�of on the indebtedness secured hereby or �.oward the reconstruction or repair of said buildings and improvements ar release same to the Trustor; (e) to pay any lien, claim or charge against the Property which might take precedence over the lien hereof; (f) to pay on demand all legal expenses, title s�arches, appraisal or attorneys' fees reasonably incurred or paid by Beneficiary to coll�ct �he Note or foreclose or protect the li�n of this Deed of Trust; (g) that in the event Trustor shall fail to camply with the pravisions of (a) �hraugh (f) above, the Beneficiary may expend such funds and take such action as is necessary to remedy such failure and all. sum� paid by the Ben.eficiary pursuant hereto with interest at the rate hereinafter provided shall constitute a lien upon �.he Property, shall be secured by this Deed o� Trust, and shall be a.mmediately due and repayabl� to the Beneficiary; (h) n.ot to sell the Praperty or any partion thereof withou� the approval of the Beneficiary in writing; and in the event of any sale herein prohibited, then the en�.ire indebtedness s�cured by this Deed of Trus�. shall, at the aption of the Beneficia�y, become due and payable; (i) �.ha�. if the Property or any part or parc�l thereof shall be �.aken or damaged und�r �he power of eminent domain, the award for any Property so taken or damaged (including severance damages �.o the remaining premises) shall be paid to th� Seneficiary and applied in full or in part at the aption of the Beneficiary in reduction of �he indebtednes� hereby secured; (j) that �.he Beneficiary shall have the r�.ght �.o inspect the Prop�rty at such reasonable times as the Beneficiary may desire to determine Trustor' s compliance with th� co�renants contained in this Deed of Trus�.; (k) that the Beneficiary may release fram the lien hexeof any part or parcel ot the Praperty wi�.hout requiring any consideration therefor, and (1) that Trus�ar is lawfully seized of said premises and Property in fee simple, that the same are free from all lien.s and encumbrances except as may otherwise be spec��ically noted herein or waived in writing by the Beneficia-