Deed Of Trust And Assignment Of Rents Form (Page 2 of 4) in pdf

1. To properly care for and keep said property in good condition and repair; not to remove or

demolish any building thereon; to complete in a good and workmanlike manner any building

which may be constructed thereon, and to pay when due all claims for labor performed and

materials furnished therefore; to comply with all laws, ordinances and regulations requiring any

alterations or improvements to be made thereon; not to commit or permit any waste thereof; not

to commit, suffer or permit any act to be done in or upon said property in violation of law; to

cultivate, irrigate fertilize, fumigate, prune and/or do any other act or acts, all in a timely and

proper manner, which, from the character or use of said property, may be reasonably necessary,

the specific enumerations herein not excluding the general.

2. To pay all costs and expenses, including cost of evidence of title and Trustee’s fees in connection

with sale, whether completed or not, that shall become due upon delivery to Trustee of

declaration of default and demand for sale as hereinafter provided.

3. To provide, maintain and deliver to Beneficiary fire insurance satisfactory to and with loss

payable to Beneficiary. The amount collected under any fire of other insurance policy may be

applied by Beneficiary upon any indebtedness secured hereby and in such order as Beneficiary

may determine, or at option of Beneficiary the entire amount so collected or any part thereof

may be released to Trustor. Such application or release shall not cure or waive any default or

notice of default hereunder or invalidate any act done pursuant to such notice.

4. To appear in and defend any action or proceeding purporting to affect the security hereof or the

rights or powers of Beneficiary or Trustee; and to pay attorney’s fees in a reasonable sum, in any

such action or proceeding in which Beneficiary or Trustee, may appear, and in any suit brought

by Beneficiary to foreclose this Deed of Trust.

5. To pay: at least 10 days before the delinquency all taxes and assessments affecting said

property, including assessments on appurtenant water stock; when due, all encumbrances,

charges and liens, with interest, on said property or any part thereof, which appear to be prior or

superior hereto; all costs, fees and expenses of this Trust. Should Trustor fail to make any

payment or to do any act as herein provided, then Beneficiary or Trustee, but without obligation

so to do and without notice to or demand upon Trustor and without releasing Trustor from any

obligation hereof, may: make or do the same in such manner and to such extent as either may

deem necessary to protect the security hereof, Beneficiary or Trustee being authorized to enter

upon said property for such purposes; appear in and defend any action or proceeding purporting

to affect the security hereto or the rights or powers of Beneficiary to Trustee; pay, purchase,

contest or compromise any encumbrance, charge or lien that in the judgment of either appear to

be prior or superior hereto; and, in exercising any such powers, pay necessary expenses, employ

counsel and pay his reasonable fees.

6. To pay immediately and without demand all sums so expended by Beneficiary or Trustee, with

interest from date of expenditure at the amount allowed by law in effect at the date hereof, and

to pay for any statement provided for by law in effect at the date hereof regarding the obligation

secured hereby any amount demanded by the Beneficiary not to exceed the maximum allowed

by law at the time when said statement is demanded.

7. Any award of damages in connection with any condemnation for public use of, or injury to, any

property or any part thereof is hereby assigned and shall be paid to beneficiary, who may apply

or release such moneys received by him in the same manner and with the same effect as herein

provided for disposition of proceeds of insurance.

Deed of Trust and Assignment of Rents

Page 2 of 4

Deed Of Trust And Assignment Of Rents Form Page 2

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