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<br /> + =°r the Note, and any other instrument given to evidence ���. �
<br /> ��; This Deed of Trust, �_ _
<br /> _ or further secure thec�aYm�ntas�thee"Loan Instrumentsobligation secured hereby � .R ,
<br /> are referred to colle y . `- ,�`
<br />- ? � `' TO PR07ECT THE SECURITY OF THIS DEED OF 1RUST: :.
<br /> - � `� 1. pAYMENT OF INllEBTEDNESS. Trustor shall pay when due the principal o�, : -
<br /> � ` �` ° and the interest on, the mdebtedness evidenced by the Note, charges, fees and �;;;: ;,,^__
<br /> ' . � all other sums as provided in the Loan Instruments. " ��� �.: �:�";
<br /> ; .. : �� ::,:��..
<br /> � - � 2, TAXES. Trustor shall pay each installment of a11 taxes artd speci�►� , ,:�
<br /> ' �� Y ass�ssments of every kind, naw or hereafter levied against the Trust Estate or _
<br /> .� � ° � any part thereof, before delinquency, without notice or demand, and shail provide , :;
<br /> � ��" Beneficiary with evidence of the payment of the same. Trustor shall pay all s:.,•,_ .�� ___
<br /> • taxes an d assessm e n t s w h i c h m e d�tesecured hereby,i�+ithout iregard toeany�law � . -'�__
<br /> � � � ° � - upon tbis Qeed of Trust or th _.:;__���=
<br /> � � � that may b� enacted impasing payment of the a+hole or any part thereof upon the ": � L _.;��.
<br /> � . .. Beneficiary. .�� g-
<br /> ; . . .{��_.
<br /> ' .� �. ;�.'_.
<br /> � � °=�� The 1997 Real Estate taxes shall be paid by Beneficiary and the Real Estate �.,x;.:,a-�
<br /> ,�.`..s -'`_
<br /> � �� ` `�'; taxes for 1998 shall be paid by the Trustor. - � ° •�
<br /> � . . ,. . �5i.
<br /> �.'
<br /> ,_ .�:a g. TNCIIRIINfF AND REPAIRS. Trustor shall maintain fire and extended � � �ra�
<br /> l�FTS� .
<br /> ���
<br /> -� � coveraqe insurance irtsuring the improvements and buildings canstituting part of �.i.
<br /> �ar�.r�-
<br /> the Trust Estate for an amount no less than the amount of the unpaid pr�ncipal ,�.
<br /> balance af the Note (co-insurance not exceedira� 80% permitted). Such insurance _�
<br /> .-. ... . _ L' � �CA�',.
<br /> . . . � b policy shall contain a standard mortgage clause in favor of Beneficiary and shall , � __
<br /> .�/�� � not 6e cance la ble, terminable or modifiable without ten (10) days prior written .,, '-
<br /> ' notice t� Beneficiary. Trustor shall promptly repair, maintain, and replace t he . .�,�"'.'
<br /> � - - -� Trust Estate or any part thereof so that, except for ordinary wear and tear, the ,, •. ��:� �;;;;�„
<br /> ' .� a•' '�'' :. •��i..
<br /> '' ;:; Trust Estate shall not deteriorate. In no event shall the Trustor commit waste _ _�
<br /> �r � � on or to the 7rust Estate. Trustor shall further provide Benef iciary roith �;� T
<br /> � ` receip� of payment of said insurance premiums and shall include Beneficiary as � _; _ .�_
<br /> ' �`_r
<br /> � a Loss �ayee on said policy. . �'-���
<br /> .� :�; . � ..�; 4, �CTIONS AF EC7ING T[tUST ESTATE. Trus�or shali appear in and contest � � .�,�
<br /> + a n y a c t i o n o r p r���e d i n g p u r portin g to affect the securs2y hereof ar the rights .:�:�:
<br /> � or powers of Beneficiary or Trustee, and sS*.all pay all cos ts an d e x p e n s e s, .
<br /> � �.r,. including cost of evidence of tiLle and attorneys 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 so to do and without notice to or demand upon Trustor and without ,.;�,. �,•
<br /> � "; releasing Trustor from any obligation, may make or do the same in such manner and .
<br /> ' to such extent as either may deem necessary to protect the security hereof. �
<br /> � Trustor shall, immediately upon demand therefor by Beneficiary, pay all costs and . ,
<br /> •� � ex,=�+s°s incurred by Beneficiary in connection with the exercise by Beneficiary ,.
<br /> � of the �oregoing rights, including without limitation costs of evidence of title,
<br /> ; . � , � Courta dtWjthinrten 1(10)Udayss ofdwritten demand�shallsd aw�interest at�the � .
<br /> �, not p
<br /> default rate provided in the Note. � -
<br /> �' ±� , 5. FMINi NT �e Mt ken orh damagedebyrreasontofeanyrpubl ic i provement ar . : : _�
<br /> interest there n,
<br /> � � i � � .
<br /> • .� DEED OF TRUST - Page 2 of 7 � .
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