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<br /> R�����V�Y�• i .
<br /> . Trustor shall pay to the beneficiary one•twelfth of the �a9'estate taxes each '_
<br /> � month and such other assessments as they become due. The one-twelfth � �
<br /> shall be adjusted annually as the taxes change and trustor agrees t4at after pa�ym�e�nt - --
<br /> of the taxes each year that any deficisncy will be prornptly paid to Beneficiary. _
<br /> � Beneficiary agrees to �rovide trustor with receipts showix�g that the real estate ,
<br /> �
<br /> taxes have been paid in full and when due.
<br /> ., � 3. INSURANCE AND REPAIRS. Trustor shall maintainfire and extended coverage -
<br /> insurance insuring the improvements and buildings constituting part of the Trust Estate for . : �• ;s
<br /> � an amount no less than the amount of the unpaid�rincipal balance of the Note (co-insurance ,;���,.,`
<br /> not exceeding 80%permitted). Such insurance policy shall contain a standard mortgage clause �,4 j,;�.,� - ��� ..._
<br /> in favor of Beneficiary and shall not be cancelable,terminable or modifiable without ten (10) <<?��"�==---
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<br /> � days prior written notice to Beneficiary.The proceeds shall be payable to the named parties
<br /> as their interests appear at the time of the loss. Trustor shall promptly repair, maintain and :,;;tz,�,r,� __.
<br /> ' replace the Trust Fstate or any pan thereof so that except for ordinary wear and tear, the ,
<br /> �t Trust Estate shall not deteriorate. In no event shall the Trustor cornmit waste on or to the •
<br /> t Trust Estate. �
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<br /> Y �� 4. ACTIONS AFFECTING TRUST ESTATE. Trustorshall appear in and contesc '�_.: .��
<br /> t ` any accion or proceeding purporting to affect the security hereof or the rights or powers of _
<br /> Beneficiary or Trustee,and shall pay all costs and expenses,including cost of evidence of title �� �
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<br /> � and attorney's fees, in any such action or proceeding in which Beneficiary or Trustee may '., :
<br /> �, appear. Should Trustor fail to make an}• payment or to do any act as and in the manner ��'�s' :.•;`
<br /> _ provided in any of the Loan Inscrurnents, Beneficiary and/ar Trustee, each in its own � �-'
<br /> discretion, without obligation so to do and without notice to or demand upon Truscor anct ::�:
<br /> without releasin Trustor from an obli ation, ma make or do the same in such manner and . ;'°
<br /> to such extent as either may deem necessary to protect the security hereof. Trustor shall, _r7 r°;:
<br /> imrned.iately upon demand therefor by Beneficiary, pay all costs and expenses incurred by � :��•
<br /> ' Beneficiary in connection with the exercise by Beneficiary of the foregoing rights,including ;�:!_
<br /> � i without limitation costs of evidence to title,court costs,appraisals,surveys and attorney's fees. �
<br /> Any such costs and expenses not paid within ten (10) days of written demand shall draw _ _
<br /> �` interest at the default rate provided in the Note. _��
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<br />° 5. EMINEN'I' DOMAIN. Should the Trust Estate,or any part thereof or interest °- __
<br /> therein, be taken or damaged by reason of any public improvement or condemnation �__--
<br /> � � � proceeding, or in any other manner including deed in lieu of Condemnation -_-_
<br /> . ("Condemnation"), or should Trustor receive any notice or other information regarding such :�•__
<br />- � x proceeding, Trustor shall give prompt written notice thereof to Beneficiary. Beneficiary shall �:`�=`�-.�_.-_
<br /> ° � be entitled to all compensation,awards and other payments or relief therefor, and shall also -
<br /> � � be entitled at its option to commence, appear in and prosecute in its own name any action or ��' ,,�r
<br /> proceedings. Beneficiary shall also be entitl�d to make any compromise or settlement in � ;�".,��a�:;�=
<br /> ?,.,.�. �.;ti•_
<br /> - connection with such taking or damage. All such compensation,awards, damages, rights of �..y.; .�::
<br /> _ i action and proceeds awarded to Trustor("the Proceeds")arc hercby assigned to Beneficiary and .•: � �
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<br /> Trustor agcees to execute such further assignments of the Prviceeds as Beneficiary and Trustee .N:,
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<br /> - ' may require. '
<br /> 6. FUTURE ADVANCES. Upon request of Trustor,Beneficiary, at Benefic,iary's �
<br /> � option, prior to reconveyance of the Property to Trustor may make future advances to
<br /> i Trustor. 5uch future advances, with interest thereon, shall be secured by this Deed of Trust
<br /> _ � when evidenced by promissory notes stating that said notes are secured hereby.
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<br /> ° ! 7. APPOINTMENT OF SUCCESSqR TRUSTEE. Beneficiary may, from time to
<br />� tirne, by a written instrument executed and acknowledged by Beneficiary, mailed to Trustor
<br /> - . and recorded in the County in which the Trust Estate is located and by otherwise complying
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