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24110248? <br />b. Payment of afl sums advanced by Beneficiary to protect the Trust <br />Estate, with interest thereor► at the rate of six and one-half percent (6.5%) per <br />annum. <br />This Deed of Trust, the Note, and any other instrument given to evidence <br />or further secure the payment and performance of any obligation secured hereby <br />are referred to collectively as the "Loan Instruments". <br />TO PROTECT THE SECURITY OF THIS DEED O� TRUST: <br />1. PAYMENT OF INDEBTEDNESS. Trustor shal! pay when due the <br />principal of, and the interest on, the indebtedness evidenced by the Note, <br />charges, fees and all other sums as provided in the Loan Instruments. <br />2. TAXES. Trustor shall pay each installment of all taxes and special <br />assessments of every kind, now or hereafter levied against the Trust Estate or <br />any part hereof, before delinquency, without notice or demand, and shall provide <br />Beneficiary with evidence of the payment of same. Trustor shall pay all taxes <br />and assessments which may be levied upon Beneficiary's interest herein or upon <br />this Deed of Trust or the debt secured hereby, without regard to any law that may <br />be enacted imposing payment of the whole or any part thereof upon the <br />Beneficiary. <br />3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended <br />coverage insurance insuring the improvements and buildings constituting part of <br />the Trust Estate for an amount no less than the amount of the unpaid principal <br />balance of the Note (co-insurance not exceeding 80% permitted). Such <br />insurance policy shall contain a standard mortgage clause in favor of Beneficiary <br />and sha!! not be car�celab{e, terminable, or modifiable without ten (10) days prior <br />written notice to Beneficiary. Trustor shall promptly repair, maintain and replace <br />the Trust Estate or any part thereof so that, except for ordinary wear and tear, the <br />Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on <br />or to the Trust Estate. <br />4. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and <br />contest any action or proceeding purporting to affect the security hereof or the <br />rights or powers of Beneficiary or Trustee, and shall pay al! costs and expenses, <br />including cost of evidence of title and attorney's fees, in any such action or <br />proceeding in which Beneficiary or Trustee may appear. Should Trustor fail to <br />make any payment or to do any act as and in the manner provided in any of the <br />Loan Instruments, Beneficiary and/or Trustee, each in its own discretion, without <br />obligation, may make or do the same in such manner and to such extent as <br />either may deem necessary to protect the security hereof. Trustor shall, <br />immediate{y upon demand therefore by Beneficiary, pay all costs and expenses <br />incurred by Beneficiary in connection with the exercise by Beneficiary of the <br />foregoing rights, including, without limitation, costs of evidence of title, court <br />�a <br />