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<br /> and in such ptase and w��t take such action aa in the�easona6te op�nion o�Be�a�ciary may ba required by � � ' �_'., �v' ,.,
<br /> any presenY or future I�w in order to perfeet,maint�sn�nd protECt ths Can of this Qaed of Trust as tha ; . ` � . � :`�� .
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<br /> same rt��y be a�nanded ar suppiamented irom tirne to time. Trustor w�l make such funher assuranca or I� �_ . ` ��'_..
<br /> ' ass�raaces 4o Rerfect its titte to the Trust Property► as rt�sy be required by Beneficiary. Trastor hereby � • � ;�
<br /> retinquis h s a aii right of dawer and hn�restead in and to the Trust Pra pe r t y. f , ` • . •
<br />`�: 1. Paya�nt of Qa��!e���a� Tn�t�e sha11 panctaally pay vrhen due any ��� . .. . • _ _ �=
<br /> principal or interest on tha Indebtedness,or any athsr sum constituting lndebtadness. ! � • � .
<br />� 1. Taxea Assess�arns snd�#eserr�es. Trusior shail pay before delinquent all . . � . —
<br /> taxes, sssessments end puDlic chargas. $ene�sf and s�aa�l. sfld p2nalti�s no�v �xisting or heteafter � � �' -`. �:-�-�-,� ::_'�
<br /> becoming daa against ths Trust Property. Trustor sha� dewer to Bene�ciary copies of aD receipts ; = . —
<br /> evidsncing such paymsnts prior to the dat�when the seme vuoWd be deGnquent kom tirne to time and � � � ��`�`��:�
<br /> � upon vuritten notice to Trustor,Benef�ciary aha91 have the right to require Trustor to pay to 6enefir�ary m _ � � '�°-
<br /> adYanxe,on the first day of each manth or upan such other dates as Beneficiary sfiall elect, 8 pf0 P81� • � '� ����'"—
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<br /> portion of the yearty premivms for the insurance which is requued to be carried��Trusior wder paragraph ^
<br /> 7 hereof,and a pro rata portion of the yearly taxes and assessm�n4s�r�hich a�e requited Yo be pai�!by �.�, � .��..:
<br /> Trustor under this paragrash,as estimated by Beneficiary. Benef�r�ary shall 6e entitled to ho(d said funds, ' � � �'
<br /> � without any ob6gatian 4o pay interest therean,in sush ascaants as the Benef�ciaryt may deem�ppropriate. :; r����:�;�,�'.��
<br /> _ which accounts ahalf not 6a required to be escrow accaunts. If Trustor is not in default hereof, then � �:�L-;��
<br /> �, Beneficiary shaU appty the funds so held to pay said taxes,assessments and insuranr.e premiums promptly . � �..
<br /> , after receipt of statements or invoices therefor. If Trustor is in default hereof then Benefico��shall have ` , ;,�•;.�. ���
<br /> .' � the righ�at its so�e option, to appty the funds so hetd to pay said taxes, assess�nents �;�� insurance :. � ���r —
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<br /> �' j premiums or to apply said fimds toward the pa}rmeni of tf�Indebtedness or aay part thereof,withoat � " � � ; • '
<br /> regard tu ths maturity thereof, and sucQ� iunds may 6e a�plsed apainst tha tnde6tedness or any part :��'. ' . � ;,`.;,
<br /> thereof,in the inuerse nrder af 4ha due dates thareof,a�as Bgnaficiary st�all eietY. � �� " ��
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<br /> . �'. If the amount of the funds so h�ld by Beneficiary,tagether vrith future installm�ngs of said
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<br /> amounEs paya6le prior to the due date of suth taxes,assessments and insuranca premium�s4�aU exceed ths ��, �`,� ,�� ,• �.�:
<br /> sums required to pay said taxes,essess�r�ent:end insurence premiums as thsy fa0 due,such excess shaA � ��
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<br /> 6e retained 6y Benef�iary and appfied to sums latar becoming due 6ecause of such items. If t9��amount of x:; _
<br /> . s u c h f u n d s h e t d b y B e n afi�i a ry sh all no t be suificient to pa y tex e s,assessments and'msarance p r o m iians as ���., �. � �:�-___
<br /> �:, they faU due,Trustor sha(I pay to Benefieiary any amount nece�,sary to make up tE�e deficienc�wiih�n ten '.;��; I: �r..
<br /> (10)days efter written notice fram Beneficiary to Trustor requestin8 payment thereof. Any excess of seid . �� :�.�,�.�`
<br /> � funds heid by Beneficiary after the fu11 payman4 of the Indebtedness shall be refunded Yo Trustor. � .�.� ��-'
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<br /> . , 1. Applieatton of P�ymenta. All paYments recen►ed by Beneficiary as to any �� "`-:
<br /> � debt,fiah�'ity or o6ligation owed to Beneficiary by Trostor may be applied by Benefiiciary to the payment of - �� ' ' " �-
<br /> �;� the Inde6tedness or to any such other debt,Gability or obGgation,in any order or manner of application " �.;`�;'���,'-'Y„e;
<br /> which Beneficiary,in its absol�+te discration,deams appropriata �C���ss otherwise afected by E�nefieiary, �� _�-�"iz-
<br /> any such payment shafl 6e deemed applied first to the payment of eny debt, Gability or obfi$ation othar � ��«—
<br /> than the Note. � �w��t '�
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<br /> 1. Charpek lie��. Trustor vrill keap tQ�.�Trose Properry free from atl charges, ° � . �
<br /> � Gens and encumbrances, whether consensual, stetutory, voluniary or imoluntary (other t5�n the lien . .� '. . `
<br /> created by this Deed of Trust or any other instr��,�$�, dncument or agreement given to 8eneficiary � �� � . .�
<br /> cantemporaneously h�r€�ariih as security for the In�eb4ednessl, and whethar s�:perior or inferior to this � �� - -
<br /> Deed of Trust,exclud'mg however,ar,y Cen for noa•definquent real estate taxes or noa•delin��nnt special � '
<br /> . assessments or mortgages or deeds of tros4 in fauor of Beneficiary. ' , . � , —°
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<br /> 1. Hazard Insurance. lJnti!the Indebtedness is paid'r�fc11,Trustor shatl keap the � � . '�
<br /> buildings and other improvements now existing or hereafter er�cted on tha Trust Proparty insured by �'
<br /> :,; insurance car►iers satisfactory to, and approved in wrlting by�:neficiary against loss by fre,hazards � - � �� - �
<br /> included in the term°extended�overage",ftood,vandafism,a�ad matidous mischief,and such other ha:ards, � ' , � --
<br /> casualties and contingencies as may be reqaired by Benefieiary,in an emou�equal to the replaeement cost _ e�-.:'
<br /> of the T►ust Property or the Irtdebtedaess,whicheYer is greatPr. Tha policy of insurance sha11 be in form .
<br /> accentable to Bane�eiary, provided that 4he sama may not be m�lifisd withoui thiny 139; days ps'sor .� . . . � —_
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<br /> written notiee to Be�e�ciary, and sha(I haye non-contribvting stondard mortgagea and loss paya6le � +�� •
<br /> 1 provisions in favor of and in form accepta6le to Beneficiaryl,entitling Beneficiary to collect any and all r�
<br /> . proceeds payahle under such insurance policies. All premiums on s�ch insurance policies shaN be paid in tha ;
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