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<br /> � � : �Z. Tases Trustor gha eacA instaitment ot all texBS and speClai. .ssments of gvery kind.now or hete8ftet� ' " `
<br /> ", tevied against ths Trust Esqte or any part thereof, befcre delinquency, withouf notics or demand. •
<br /> ' � • • 3. ln�rrmi+�and Ra � �. . .<
<br /> .. patis. Tn�stor al�a!!mainrain ftre and extended Cavetage insurdnce insuring the tmprovgretp,nt,q � . ,
<br /> , � constituting part o!the Trust Estata for such amounts and cn such terms reasanabty satistactory to BeneficFary. So tong as t�e ap '.°.. , " ,
<br /> _ ` Properry is secured by a tirsc deeQ oi trust or mortgage,campiiance wtth the insurance requirements af the firsi deed of trust pr !,� ---' - 'R � ,' ��
<br /> - . ,,,�,., m°rcgags shan be sufticient to satisfy the requiremerns ot this paragraph 3 relating ta ituiva�ca. � -•�-;—�� - �-;,;--_-
<br /> ,,��-._.__.
<br /> "',..��� � _
<br /> Trustor shail prompUy repair and reptace the Tnut Estate or any part thereof sa��,�cept to�ordinary wear and tear, �
<br /> . ths Trust Estate straU rtot deteriorate. tn no everK shal!the Trus�tor eammit waste on or to the Trust Fstate,or epmmit,gufter pr A; .�.,} `
<br /> t permit any act to be dane in or upan the Trust Estate in viotauon of any law,ardinance or regulaticn. Tnistor shaU pay artd prom p t l y `
<br /> - -, .. - - discha r g e a t T r u s t o r s c o s t art d expense aD tiens,encumbrances and charges tevied,imposeC or assessed againsc the Trust E�te � ' "' .
<br /> � . , or any part thereof. , , � '
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<br /> a. Aca►ans Affectfng Trust fstate. Tnsstor shaU aPRear in an0 contest any acoon or praceeQing purperting m aK�
<br /> � � , ��� the secarity hereot ar the rights or powers of Beneticiary or Tn,stee,artd shall pay ali aosts and expenses,inetuding cost nf evidenee '��`.`''
<br /> L � af titte and attameys'fees,in any such actian or proceeding in wnich BeneBciary ar 7rust�ae may appear. If Tnrstor faits m make �
<br /> � ar�y payment or to do any act as and io the manner provided ir.any of the I.oan(nstruments, Benefieiary artd/ar Trustea,eact�in
<br /> , their own discretian,without obtigapon so to Qo artd withQUt nctice to or Qemand upon Tn�ster and without releasing Trustor from
<br /> � . . any abligation, may make ar do the same i�such manner and ta such extent as either rnay Eeem necessary to pratect the secutity �
<br /> hereof. Tn�sLOr shatl,immediatety upon demand theretor 6y 8ene8ciary, pay aU costs an6 expenses incuaed by 8enefieiary in
<br /> connecdan with the p.xercise by Beneficiary of the foregoing rfghis,inCluding withorlt('mrita�on casis pf eviQence ot titte,court "
<br />- . .. _�; casts.aAP�aisals. surveys aad atmmeys'fees. _.. -
<br /> - . , . _.:.� ---�- ... .,:-=
<br /> � •�:`t� � 5. Errihreat Domal� If the Trust Eacate,or anv oart thereof or lnterest therein, be tdken ar damaged by reason of U 4
<br />_ `.���> � any pubtic improvement cr cortdemnation pmceeding, or in any other manner including Q�in lieu thereof('Condemnauon'), or . .'.r.�•..°t��
<br /> ��� '` , .,.:�• it Trustor receives any notiae or other informa�on regardtnq such praceeding, Trustor shalt give prompt written notic9 thereof to ° ,� .k.�;"�--
<br /> _ . _ ,.,,.� 8sneficiary. Trusmr shaii be entltied to afl compensatiort, awards artd other payments er re[ief thereof and shall be errtitted at its � -`"�`
<br /> - , .. . option to comrnence, appear i�an0 prosecute in its own nartse any actian ar proceedings. Trustor shall also 6e entitted to rnatce ,� `
<br /> , any compremise or setdement in conneciion with Such qbng er damage. • . -
<br /> ' g• ADP��tme�rt of Saccessor Tiustee. @ene�ciary may,from tirtse to time,by a wcitten instrument 0xecuied and —�
<br />- - . ; ;� - ` acknowledged by Beneficiary,mailed to Truscor and recorded in the Ceunry in whieh the Trust Esqte is tocated and by otherwise -
<br /> . • complying with tne provisions uf the applicable law ot the State ot Ne6rastca su8stitute a suCCessor or successars to the Trustee =�'
<br /> , � nanred'herein or aCting hereunder. :�=-
<br /> , °�:1,�;m°
<br /> . ��,.
<br /> 7. Successors andAsstgns, This Second Oeed of Trust applies to,inures to rhe penefit of and binds all paraes hereto, -
<br /> ,. _ their heirs,legatees,devisees,pe�sonal represerttatives,successcrs and assigns. The term'Seneticiary"shaU mean the ow�er artd �'�
<br /> __ _ . hoider ot any promisspry npte givgn ta geneficiary, [whether or not named as BenefiCiary herein]. � "`--
<br /> �� • , .. ,�.��r--
<br /> .:,�,_=.-
<br />- . • . , 8. Mefger,Co�,solldarlon,Sates or leases Trustor covenants that'frustor witl not sell,tease or otherwise dispose :����..°~
<br /> • , - of any of the Trus:Estate. tn the evem tF+at Trusto�seils,�easas ar otherwise disposes of any part of the Trust Estate,Bertefrciary - `
<br /> , � may at its oDt�on Qeclare the tndebtedness secured hereby immediately due artd payable, whether or not any defautt exists. - ° °
<br />_ � . : 8erteficiary shall consertt to a transfer of ihe Trt�st Estate to a thfrd parry to the extent such third parry mests the reauiremertts � -:
<br /> � ; � cantained in,ana assumes the ebtigations set fortri in the First Oeed af Trust. Tha Covanants contained heretn shall run with ths " .`''`•'°=-` ' �
<br /> . PropeRy and shail remain in full force and effect until the InAebtedness is paid in full.
<br /> . .{_,_
<br /> ! . , 9• Eva�rts ot Oefau/t. Any ot the totlowing evenis shail be deemed an evant of defauit hereunder. �
<br /> ":�;: . , .'� .. '`..,..�,.:y.,
<br /> '�� (a1 defau►t shalt be made in the payment of the Indebtedness or arry other sum secured herehy when due; '
<br /> . or •
<br /> � � �� . !b) Trustor shall perform any act in bankruptcy; ar � ° ,. . _
<br /> ` (cl a Court ot compEtent jurisdictian shall enter an order,judgrtsent or decree approving a petitian filed against '
<br /> �'` Trustar seeking any reorganization, dissolutian or similar reHef under any present or tuture federat,state or other statute, •
<br /> . law or regulation relat►ng to hankruptcy, insotvertcy or other relief fo�debtors, and such order, judgment or decres shall
<br /> remain unvaCated and unstayed for an aggregate of sixty i601 days(whether or not consecutivel from the�tst daie ot entry ;�,i°:: � �
<br />._.. • tnereof; ar any uustea, receiver or liquidator or Trus�or or of all o►any part ot the Trusi Estate, or ot any or all of the . • `•• �
<br /> royalties,revenues,rents,issues or prafits thereof,shaii be appointed without tha consertt or acqviescence of Truster and � ' '
<br /> . such aoeointment shatl remain unvacated and uns�ayed far an aggregate o!sixty(60)days(whether or not eonsacutive);
<br /> or � ,
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