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<br /> � 97� �.��13,�0 �.
<br /> 1. Payment of Indebte_ dn?ss• To pay when due� the principal of, and the interest
<br /> on, the indebtedness e�idenced by the nater cherges� fees and all other sums as pro-
<br /> vided in the loan instruments.
<br /> 2. Title. Trustor i.s the owner of the property and has the right and authority �
<br /> ` to execute this Deed of Trust in respect to the property.
<br /> ' 3. Taxes and Assessments. To pay, when due, all taxes, special assessments �
<br /> �.,....a� and all other charges against the property, before the same bECOme delinquent, and,
<br /> • •�°"+• in the event Beneficiary shall so requi.re, ta add to the payments required under
<br /> thenote secured hereby, sucl� amount as may be sufficient to enable Beneficiary to
<br /> pay such taxes, assessments or other charges as they become due. '��
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<br /> 4. Insurance. To keep the improvements nuw oi hereafter located on the real �►+��'
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<br /> estate described herein insured against damage by fire and such other hazards as ..:.�..
<br /> �' Beneficiary may require� in amounts and companies acceptable to Beneficiary� and ,.,,.;-:_
<br /> with loss payable to Benefi�iary. In case of loss under such policies� Beneficiary ___
<br /> �� •�1 is authorized to adjust, collect and compromise� in its discre�iono all claims there- '�;=_•�
<br /> under and� at its sole aption, is authorized to either apply the proceeds i:o the �,_,.___�
<br /> . � restoration of the property or upon the indebtedness secured hereby, but payments
<br /> required by the note shall continue until the sums secured hereby are paid in full. �
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<br /> � 5. Repair, maintenance and Use. To promptly repair, restore or rebuild any [
<br /> �'��. buildings or improvements now or hereafter on the property; to keep the property [_ �-
<br /> in good condition and repair, without waste and free from mechanics or other liens Y,..
<br /> not expressly subordinated to the lien hereof; to not make, suffer or permit any ��_
<br /> � nuisance to exist nor to diminish or impair the value of tFie property by any act
<br /> � or omission to act; and to comply with all requirements of law with respect to the
<br /> , •; ¢T..^pTfy.
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<br /> 6. Condemnation. In the event the property, or any part thereof, shall be
<br /> ;;' :%;��;. taken by eminent domain, Beneficiary is entitled to collect and receive all compensa-
<br /> �.•�1�.�- tion which may be paid for any property taken or for damages to property not taken, —
<br />-���F;;��". and Beneficiary shall apply such compen�ation, at its nption, either to a reduction
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<br /> .„__,.;��� of the fndeatedness secured I�ereby or to repair and restore the property so ta en.
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<br /> :-�I�`V� 7. Performance 6y Beneficiarv. Benefi�iary may� but shall have no obligation _
<br /> =`�^-�='� tor do any act which Trustor has agreed but failed to dn� and 8eneficiary may also
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<br /> ;�;;.� do any act it deems necessary to protect the lien hereof. Trustor agrees o repay�
<br /> `- upon demand� any sums so expended by Beneficiary for the above purpases, and any
<br /> �_::;-�� sum so expended by Ben�ficiary shall be added to the indabtedness secured hereby
<br /> --:_�:��-:.��. and become secured by the lien hereof. RPneficiary shall not incur any personal
<br /> -----_--.= Iiability because of anything it may do or rmit to do hereunder.
<br />---- -----! 8. Assfqnment oi' Rents. Beneficiary shall have the right� power and authority
<br />—�'_�`°`�`�� during the continuance of tt�is Deed of Trust to callect the rents� issues and profits
<br /> �z�'� of the property and of any personal property located thereon with or without tak3ng - -�--
<br />._._��3��.,,�� possessfon of the property �affe�ted hereby� and Trustor hereby absolutely and uncondi- _
<br /> tionally assigns all such rents, i.ssues and profits to Benefici�ry. Beneficiary.
<br /> ,,�_:�:; however� hereby consents to Trustor�s collection and retention of such rents, issues
<br />°°°-=i=->> and profits as they accrue and become payable, so long as Trustor is not, at such
<br /> �,..��;i� time. in default with r�spect to payment of any indebtedness secured hereby, or in
<br />.�:_��x ' the performance of any agreement hereunder. If any evont of default described here- _
<br /> - after in respect to this Oeed of Trust shall have occurred and be continuing. Benefi-
<br /> =^ ��'"��!"� ciary. as a matter of right and without notice to 7rustor or anyone claiming under �°
<br />- ' " Trustor. and without regard to the value c�f the trust estate or the interest of the �;
<br /> -.. �; Trustor therein. shall hau� the right to apply to any court having �urisdicti.on to �_
<br /> .,. appoint a receiver of the px�operty. , _
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<br /> "' ' If all or a n part of the pro perty or any interest `;`�"�-
<br /> .� . �� 9. Transfer of Property. Y �_���::
<br /> _ .. . . i' of Trustor therein is sold� transferred or further encumbered without the express � 3
<br /> .,�-•�' or written consent of Beneficiary, 8eneficiary may� at its sole option. declare all
<br /> � �.. ,.�:_ r,...,., .,F +,..��� �� hp immarl{at�lv due and aavable and pr�ceed
<br /> - °-- sums 5ci.uicu �y ���,.� ���� ... .._,.__ -- -- - -
<br /> .: � to the remedies available to ifi under the default provisions contained herein.
<br /> 10. Events of Defaul t. Any of the following events shall be deemed an event
<br /> of default hereuncter:
<br /> � � (a) Trustor shall have failed to make payment of any in-
<br /> stallment of interest, principal or principal arid interest or
<br /> any other sums secured hereby when due;
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