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201104790
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201104790
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Last modified
9/14/2011 12:25:23 PM
Creation date
6/28/2011 10:02:40 AM
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DEEDS
Inst Number
201104790
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t <br />2Q�104'��0 <br />for money borrowed, with interest thereon, all as evidenced by and <br />in strict accordance with the terms of that certain promissory note <br />hereinafter called the "Note", bearing even date herewith made <br />payable to the order of Beneficiary, executed by Bryan E. Robinson <br />and Theresa A. Robinson, husband and wife, and providing for the <br />payment of said indebtedness in installments, subject to accelera- <br />tion of ma�urity on default in the payment of any installment of <br />principal or interest or in the performance of any covenant, <br />agreement or warranty contained in this Deed of Trust; <br />(b) The performance of each agreement, covenant and warran.ty <br />of Trustor herein contained or set forth in the Note or any <br />agreement or instrument executed by Trustor in connection with the <br />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 />this Deed of Trust. <br />NOW, THEREFORE, TO PROTECT THE SECUR.ITY OF THIS DEED OF TRUST, <br />Trustor does for Trustor and for Trustor's heirs, representatives, <br />vendees, successors and assigns, the owners of said Property, <br />hereby expressly covenant, agree and warrant to and with the <br />Trustee and Beneficiary, and their successors, vendees and assigns: <br />First: That the Trustor hereby covenants and agrees, to the <br />extent permitted by law, as tollows: (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 law <br />upon the Property, the Trustor's interest therein, or upon this <br />Deed of Trust or the Note; (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; (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 ar constituting a part of the Pxoperty as the Ben�ficiary 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 />sha11 be paid to the Beneficiary who may apply the same or any par� <br />thereof on the indebtedness secured hereby or toward the recon- <br />struction or repair of said buildings an.d improvemen�ts or relea.se <br />same to the Trus�or; (e) to pay any lien, claim or charge against <br />the Property which might take precedence over the lien hereof; (f) <br />to pay on demand all legal expenses, title searches, appraisal or <br />attorneys' fees reasonably incurred or paid by Beneficiary to <br />collect the Note or foreclose or protect the lien of this Deed of <br />Trust; (g) that in the event Trustor shall fail to comply with the <br />provisions of (a) through (f) above, the Beneficiary may expend <br />such funds and take such action as is necessary to remedy such <br />failure and all sums paid by the Ben.eficiary pursuant hereto with <br />interest at the rate hereinafter provided shall constitute a lien <br />upon the Property, shall be secured by this Deed of Trust, and <br />shall be immediately due an.d repayable to the Beneficiary; (h) not <br />to se11 the Property or any portion thereof withou� the approval of <br />the BenefiCiar�r in writing; and in the event of any sale herein <br />prohibited, then the entire indebtedness secured by this Deed of <br />Trust shall, at the option of the Beneficiary, become due and <br />payable; (i) that if the Property or any part or parcel thereof <br />shall be taken or damaged under the power of eminent domain, the <br />award for any Property so taken or damaged (including severance <br />damages to the remaining premises) shall be paid to tlze Ben.eficiary <br />and applied in full or in part at the option of the Beneficiary in <br />reduction of the indebtedness hereby secured; (j) that the <br />Beneficiary shall have the right to inspect the Propert�r at such <br />reasonable times as the Beneficiary may desire to determine <br />Trustor's compliance with the covenants contained in this Deed of <br />Trust; (k) that the Beneficiary may release from the lien hereof <br />any part or parcel of the Property without requiring any consider- <br />
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