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. ��_ 1C�3Q58 sum and interest evidenced by Borrower's note dated , 1998, having a maturity date of , 2003, in the original principal amount of $90,000.00 and any and all modifications, extensions and renewals thereof or thereto (herein called "Note") ; (b) the payment of other sums : advanced by Lender to protect the security of the Note; and (c) the performance of all covenants and agreements of Borrower set forth herein. Borrower, to protect the security of this Deed of Trust, covenants and agrees with Lender as follows: 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on, and any fees or charges provided in, the Note or in this Deed of Trust. : 2. Title. Borrower is the owner of the Property and has the right : and authority to convey the Property. : 3. Taxes, Assessments. To pay before delinquency all taxes, special assessments and all other charges against the Property and provide Lender with a copy of each paid tax receipt prior to the date said taxes would have become delinquent had the same not been duly paid. 4. Insurance. To continuously keep the Property insured against : damage by fire, hazards included within the term "extended coverage", and such other hazards as Lender may require, in an amount not less than replacement : value and with companies acceptable to Lender, and with loss payable to the : Lender. In case of loss under such policies, the Lender is authorized to : adjust, collect and compromise, all claims thereunder and shall have the : option of applying all or part of the insurance proceeds (i) to any : indebtedness secured hereby and in such order as Lender may determine, (ii) to : the Borrower to be used for the repair or restoration of the Property or : (iii) for any other purpose or object satisfactory to Lender without affecting : the lien of this Deed of Trust for the full amount secured hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under the Note, or cure any default thereunder or hereunder. S. Maintenance, Repairs and Compliance with Laws. Borrower shall keep the Property in good condition and repair; shall promptly repair, or replace any improvements which may be damaged or destroyed; shall not commit or permit any waste or deterioration of the Property; shall not remove, demolish or substantially alter any of the improvements on the Property which would diminish its value; shall not commit, suffer or permit any act to be done in or upon the Property in violation of any law, ordinance, or regulations; and shall pay and promptly discharge at Borrower's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Property or any part thereof. 6. Eminent Domain. Lender is hereby assigned all compensation, - 2 - • �