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20��0�050 <br />(b) the performance of each agreement and covenant of Trustor <br />herein contained; and <br />(c) the payment of any sum or sums of money which may be <br />hereafter paid or advanced by Beneficiary under the terms of this Deed of <br />Trust, together with interest thereon at the rate provided in the note. <br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as <br />follows: <br />1. Pavment of Indebtedness. To pay when due, the principal and the interest on, the <br />indebtedness evidenced by the note, charges, fees and all other sums as provided in the loan <br />instruments. <br />2. Title. Trustor is the owner of the Property and has the right and authority to <br />execute this Deed of Trust in respect to the Property. <br />3. Ta�ces and Assessments. To pay, when due, all taxes, special assessments and all <br />other charges against the Property, before the same become delinquent, and, in the event <br />Beneficiary shall so require, to add to the payments required under the note secured hereby, such <br />amount as may be sufficient to enable Beneficiary to pay such taxes, assessments or other <br />charges as they become due. <br />4. Building and Personal Property. The building and all personal property located <br />on the real estate which is the subject of this Deed of Trust aze not to be considered as part of the <br />"Property". Trustor intends to destroy the building and personal property on the real estate <br />herein described prior to the final payment of Trustor's Note described herein. <br />5. Condemnation. In the event the Property, or any part thereof, shall be taken by <br />eminent domain, Beneficiary is entitled to collect and receive all compensation which may be <br />paid for any Property taken or for damages to Property not taken, and Beneficiary shall apply <br />such corr�pensation, at its option, either to a reduction of the indebtedness secured hereby or to <br />repair and restore the Property so taken. <br />6. Performance bv Beneficiary. Beneficiary may, but shall have no obligation to, do <br />any act which Trustor has agreed but failed to do, and Beneficiary may also do any act it deems <br />necessary to protect the lien hereof. Trustor agrees to repay, upon demand, any sums so <br />expended by Beneficiary for the above purposes, and any sum so expended by Beneficiary shall <br />be added to the indebtedness secured hereby and become secured by the lien hereof. Beneficiary <br />shall not incur any personal liability because of anything it may do or omit to do hereunder. <br />7. Assignment of Rents. Beneficiary shall have the right, power and authority <br />during the continuance of'this Deed of Trust to collect the rents, issues and profits of the <br />Property and of any personal property located thereon with or without taking possession of the <br />Property affected hereby, and Trustor hereby absolutely and unconditionally assigns all such <br />rents, issues and profits to Beneficiary. Beneficiary, however, hereby consents to Trustor's <br />collection and retention of such rents, issues and profits as they accrue and become payable, so <br />long as Trustor is not, at such time, in default with respect to payment of any indebtedness <br />secured hereby, or in the performance of any agreement hereunder. If any event of default <br />described hereafter in respect to this Deed of Trust shall have occurred and be continuing, <br />Beneficiary, as a matter of right and without notice to Trustor or anyone claiming under Trustor, <br />and without regard to the value of the trust estate or the interest of the Trustor therein, shall have <br />the right to apply to any court having jurisdiction to appoint a receiver of the Property. <br />8. Inspections. Beneficiary, or its agents, representatives or workmen, are <br />authorized to enter at any reasonable time upon or in any part of the Property for the purpose of <br />