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<br /> � 1. pa ny �en� oF Indot�tc�dn�ss. To pay when due► the principal of� end the fntorest
<br /> �:.,_.
<br /> on� ths lndebrednos� r�vidonced by �he note� chQrgss� F�es and ull ath�r sums as pro-
<br /> „ ' � �ided in tho loan lnstruments. �
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<br /> � 2. Ti.tle. Tru�tor is the ownor of the property and has the ric�ht an� euthnrity �-;"
<br /> t.�� �xar.ute this Qeed af Trust in respec:t. tn i.nP psnnerty. �'�
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<br /> 3. �ane„^ s end Asse�sments� To pay� when due� all tiaxe9, spe�ial ascoa�mant� _
<br />�-��"` end all atiier charges against the prnperty, befure the same become delinquent� and. --
<br /> -..� in the e�ent 8anoficiery shall so require. to add to the payments requirod under =_
<br />� -`�`` ' the note secured hereby� such emount es may hn aufficient to eneble Beneficiery to
<br /> �� pay auch taxes� esspssments or other charges as thoy become due. __
<br /> • G. Insur�nce. To keep the imprnvements naw or hereafter locaiced on Cho real �
<br /> �� .�.� estato descrihed herein insured againsC damage by Fire and such othcar hazards as
<br /> . 8eneficiery may require• in emaunts and comp�nie3 acceptable ta 8oneficiery. and
<br /> . "' with loss payable to Beneficiary. In case of lass under such policies� Beneficiery
<br />':.�is�.'.' is authorized Co adjust. collect and r.ompromiae� in its discretion� all claims there-
<br /> ;;.�;� under and, at its sole option. is authorized to either epply the proceed� to the
<br />=,;i,�:�:::� res�:oraCfon of tha pra�erty or upon the fndebtedness secuse� hereby r but payments ,
<br />";:'-n�� required by th� note shall continue until the sums s�cured hereby are paid in ful�.
<br /> �,:..�;;:v.
<br /> --'±�.:� 5. Reuair, (rlaintenance and Use. i�� Nrinrptly repair� restoro or re�uild any
<br /> .� buildings or improvements now or hereafter on the praperty; to keep the property
<br /> _��_�� in good condition and repair� uithout waste and free from mechanics or other liena
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<br /> h;��� not expressly subordinated to the lien hereof; ta not make, suffer or perm t any
<br /> ��-;A�� nuisance to exist nos to dfminish or impair the value of the property by any act
<br /> -.;��:� or omission to acti and to comply with all requirements of law With respect to the
<br /> -;�,,:,, propericy.
<br /> -"i`�� . � �rt thersafi �t�al� t!�
<br /> _��� ti. i.onnemnation. in the ev�.ni, i.i�e: NiuF�aa�y, �rr a�y �^
<br /> taken by eminent domain. 8eneficiary is entitled to collect and receive all compensa-
<br /> ---y�,� tion which may be pai�i for any property taken or for damages to property not taken.
<br /> - and BeneFici�ry shall appl.y such compensation. at its op�ion, either to a reductfan
<br /> — of the indebtEdness secured herefoy or to repair and restore the property so taken.
<br /> 7. Performance � 8eneficiarv. Beneficiary may. but shall heve no obligation �
<br /> `'�`�� to. �in any act whlch Trustor has aqreed but fai led ta do, and 8eneficiery m�y also
<br /> ��.�e1�e �lu .my a�:l, iL dee�ns r►ecessary l.0 ��i•uL�:cL LI►u 1 iun li�r�uf. 1 rusQ:�r ayre�:s Lu r�:Nby.
<br /> upon dertiand, any sums so expended by BeneFiciary for the above purposes. and �ny
<br /> sum so expended by Beneficiary shall be added ta the indebtedness secured hereby
<br /> and become secured by the lien hereof. 8qneficiary shall not incur eny personal
<br /> liability because of anything it may do e�r �mit to do hereundor.
<br /> 8. Assiqnment of Rents. BQneficiary sha.11 tiave the right, prawQS And authorfty -
<br /> during the continuance of �.his i3aed of Trust to co�llect the rents, i�sues and profits
<br /> of tiie nraperty and nf any personal prc�,perty loceted thereon with or without takfng
<br /> ���� possession of the prop�a�ty affected her�by� and Trustor hereby ebsoic�tely and uncondi-
<br /> �'�-'� tfanal�y assigns all such rents� issues and profits to Beneficiery. 8encficiary.
<br /> however� hereby consents tn Trustor's collection and retention of such rents. i.ssues
<br /> � and profits as they aacrue and become payabl�, so long as Trustor is not. et such
<br /> time, in default witfi� respect to paymtnt of any indebtedness secured hereby, or in
<br /> — t�t�e p�rfurmance of any agreement hese�a*�cior. If any event af default described here-
<br /> aPtar lii respect tn this need uf' Tcu:;� :.��nll Iwuu �zr.curred end be continuing, Deneft- _
<br /> �'�� ciary� as a rnatter of zight and without notice to Trustor or anyone claimi�g under
<br /> =- - = Trustor� and withaut regard to the �ralue of the trust estate or the interest of the .
<br />-_�_="-= -- Yrustor therein, shall heve the right to apply to eny ceri9rt having jurisdfiction to
<br /> :_;s;; appoint a receiu�r of tF�e pro�erty.
<br />• - �.�:�--_� .
<br /> --�-_--� g. Transfor of Propesty. If all or any part of the property or any interest
<br />--==-���.��•� of Trustor therein is sold, transferred ar further encumbered without the express
<br /> .---�=:� or uritten consent of Bnneficiary, Ben�ficiary may� a� its sole optinn� de�lare all
<br /> :-,, selm, secured hy this Deed af trusC to be imrnediateiy due and payable ancf proceed =
<br /> _`-"�'��� a., a►.e ..u...n,aine e..setn►,tn s.�, t1� ��.�n.. *1,e rinFn�.lt nrrn�ic�nr,a rnntainael hwrpin_
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<br />-��.��;��;,;„� 10. Events of Default. Any of the fnllowing events shall be deemed an event E
<br /> �:.�__.�:�-; . !.
<br />,,:;��,;.•:w, .,t of default hereunder. i
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<br /> .. (a) Trustor �liall have failerl t.n mal<e payment af any in- _.
<br /> � stallment nf interest. principal or principal and intierest ar =
<br />: ��..�" ; driy ol.her sums secure� lier�l�y mli�rn �lu�; �.
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