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�p11Q360 <br />warranty contained in this Deed of Trust; <br />(b) The performance of each agreement, covenant and <br />warranty of Trustor herein contained or set forth in the Note or <br />any agreement or instrument executed by Trustor in connection with <br />the indebtedness hereby secured; and <br />(c) The payment of any sum or sums of money with interest <br />thereon which may be hereafter paid or advanced under the terms of <br />the Deed of Trust. <br />NOW, THEREFORE, TO PROTECT THE SECURITY OF THIS DEED OF <br />TRUST, Trustor does for himself and for Trustor's heirs, <br />representatives, vendees, successors and assigns, the owners of <br />said Property, hereby expressly covenant, agree and warrant to and <br />with the Trustee and Beneficiary, and their successors, vendees <br />and assigns: <br />FIRST: That the Trustor hereby covenants and agrees, to the <br />extent permitted by law, as follows: (a) to pay promptly when due <br />the principal and interest and other sums of money provided for in <br />the Note and in this Deed of Trust; (b) to promptly pay before <br />delinquency all taxes, assessments and other charges imposed by <br />law upon the Property, (c) to keep the above-described Property <br />and the improvements thereon in good condition and repair and not <br />to commit or suffer waste thereof, and except as authorized in any <br />schedule annexed hereto and forming a part hereof, neither to <br />remove nor permit the removal of any timber, buildings, oil, gas, <br />minerals, stone, rock, clay, fertilizer, gravel or top soil <br />without the prior written consent of Beneficiary; (d) to maintain <br />and deliver to Beneficiary policies of insurance against such <br />hazards on the buildings and improvements now or hereafter located <br />on or constituting a part of the Property as the Beneficiary shall <br />require, in such companies and amounts and with such loss payable <br />clauses as shall be satisfactory to the Beneficiary; that in the <br />event of loss, Beneficiary is expressly authorized to settle or <br />compromise claims under said policies and the proceeds thereof <br />shall be paid to the Beneficiary who may apply the same or any <br />part thereof on the indebtedness secured hereby or toward the <br />reconstruction or repair of said buildings and improvements or <br />release same to the Trustor; (e) to pay any lien, claim or charge <br />against the Property which might take precedence over the lien <br />hereof; (f) to pay on demand all legal expenses, title searches, <br />appraisal or attorneys' fees reasonably incurred or paid by <br />Beneficiary to collect the Note or foreclose or protect the lien <br />of this Deed of Trust; (g) that in the event Trustor shall fail <br />to comply with the provisions of (a) through (f) above, the <br />Beneficiary may expend such funds and take such action as is <br />necessary to remedy such failure and all sums paid by the <br />Beneficiary pursuant hereto with interest at the rate hereinafter <br />provided shall constitute a lien upon the Property, shall be <br />secured by this Deed of Trust, and shall be immediately due and <br />repayable to the Beneficiary; (h) not to sell the Property or any <br />portion thereof; and in the event of any sale herein prohibited, <br />then the entire indebtedness secured by this Deed of Trust shall, <br />at the option of the Beneficiary, become due and payable; (i) <br />that if the Property or any part or parcel thereof shall be taken <br />or damaged under the power of eminent domain, the award for any <br />Property so taken or damaged (including severance damages to the <br />remaining premises) shall be paid to the Beneficiary and applied <br />in full or in part at the option of the Beneficiary in reduction <br />of the indebtedness hereby secured; (j) that the Beneficiary <br />shall have the right to inspect the Property at such reasonable <br />times as the Beneficiary may desire to determine Trustor's <br />compliance with the covenants contained in this Deed of Trust; <br />(k) that the Beneficiary may release from the lien hereof any part <br />or parcel of the Property without requiring any consideration <br />therefore, and (1) that Trustor is lawfully seized of said <br />premises and Property in fee simple, that the same are free from <br />3 <br />