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98103251
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Last modified
3/12/2012 11:41:52 AM
Creation date
10/19/2005 5:34:03 PM
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DEEDS
Inst Number
98103251
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. . <br /> This Deed of Trust, the Note, and any other instrument git/e�ri to evi�en����her <br /> secure the payment and performance of any obligation secured hereby are referred to collectively <br /> I <br /> as the "Loan Instruments". <br /> TO PROTECT THE SECURITY OF THIS DEED OF TRUST: <br /> 1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and <br /> the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as <br /> provided in the Loan Instruments. <br /> 2. TAXE . Trustor shall pay each installment of all taxes and special assessments of <br /> every kind, now or hereafter levied against the Trust Estate or any part thereof, before <br /> delinquency, without notice or demand, and shall provide Beneficiary with evidence of the I <br /> payment of the same. Trustor shall pay all talces and assessments which may be levied upon <br /> Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without <br /> regard to any law that may be enacted imposing payment of the whole or any part thereof upon <br /> the Beneficiary. <br /> 3. INSURANCE AND REPAIRS. Trustor shall maintain fire and extended coverage <br /> insurance insuring the improvements and buildings constituting part of the Trust Estate for an <br /> amount no less than the amount of the unpaid principal balance of the Note (co-insurance not <br /> exceeding 80% permitted). Such insurance policy shall contain a standard mortgage clause in <br /> favor of Beneficiary and sha11 not be cancelable, terminable or modifiable without ten (10) days <br /> prior written notice to Beneficiary. Trustor shall promptly repair, maintain, and replace the <br /> Trust Estate or any part thereof so that, except for ordinary wear and tea.r, the Trust Estate shall <br /> not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate. <br /> 4. ACTIONS AFFECTING TRUST ESTATE. Trustor sha11 appear in and contest any <br /> action or proceeding purporting to affect the security hereof or the rights or powers of <br /> Beneficiary or Trustee, and sha11 pay all costs and expenses, including cost of evidence of title <br /> and attorneys fees, in any such action or proceeding in which Bene�ciary or Trustee may appear. <br /> Should Trustor fail to make any payment or to do any act as and in the manner provided in any <br /> of the Loan Instruments, Beneficiary and/or Trustee, each in its own discretion, without <br /> obligation so to do and without notice to or demand upon Trustor and without releasing Trustor <br /> from any obligation, may make or do the same in such manner and to such extent as either may <br /> deem necessary to protect the security hereof. Trustor shall, immediately upon demand therefor <br /> by Beneficiary, pay all costs and expenses incuned by Beneficiary in connection with the <br /> exercise by Beneficiary of the foregoing rights, including without limitation costs of evidence of <br /> title, Court costs, appraisals, surveys and attorneys fees. Any such costs and expenses not paid <br /> within ten (10) days of written demand shall draw interest at the default rate provided in the <br /> Note. <br /> 5. EMINENT 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 proceeding, <br /> D68D OF TRUST - Page 2 of 6 <br />
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