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<br /> 92031274
<br /> For the Purpose of Securing'
<br /> ONE. Payment of the indebtedness evidenced by a promissory note (and any
<br /> renewals or extenaloaa or modifications therso£), of evqn date herewith, in the
<br /> principal evm of Two Hundred Seventy Five. Thoueand�Vila,s .x'$275,000,00), the
<br /> final payment which in due in eccordeslea with the' note executed by Trustor and '
<br /> delivered to Beneficiary. together with the interest thereon and late charges !
<br /> as provided by said note which is made apart hereof by reference.
<br /> Tidos Paym=nt of further advances, and interest thereon, which may be made
<br /> by Beneficiary, as provided by paragraph 19 hereof.
<br /> THR2Ez Payment of all other moneya herein agreed or provided to be paid
<br /> by Trustor.
<br /> YOUR] Performance of each agreement of Trustar herein contained or
<br /> incorporated herein by reference, j
<br /> TItUSTOR AGREES s j 4
<br /> 1. To pays (a) before delinquent, All taxes and asaessments of every type ,
<br /> or nature affecting said premises, all rents ox charges far water and all H k
<br /> assessments on any water stocks (b) all other charges and encumbrances which
<br /> now aro or shall hereafter be or appear to be a lien prior to the lien of this
<br /> r
<br /> Dead of Trusts (c) all taxes upon this Heed of Trust or the interest of
<br /> Beneficiary herein, or upon the poke or debt secured herebys provided, however,
<br /> that the total amount so paid for d+ty such taxes pursuant to this sub-paragraph
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<br /> (c) together with she interest payable_ on said indebtadnese shall not exceed
<br /> the highest lawful rate of interest in California. In the event of the enactment
<br /> an
<br /> of any law imposing payment of all or y of the taxes afgresaid upon Beneficiary,
<br /> or upon the rendering by any court of a decision that the undertaking by Trustor,
<br /> as herein provided, to pay any tax or taxes, is legally inoperative, then and 1s
<br /> In any such event the debt hereby secured, without any deduction, shall, at the ; h
<br /> option of 3enaficiary, become immediately due and collectible, notwithstanding 1!
<br /> anything contained herein or any lana heretofore enacted or hereafter enacted. j!
<br /> 2. To keep the premises insured against loss or damage by Lire, the perils
<br /> against which insurance is afforded by the Extended Coverage Endorsement, and
<br /> such other risks and perils an Beneficiary in its discretion may require. The t
<br /> policy or policies of such insurance shall be in the form in general use from ' I!
<br /> time t4 time in the locality in which the premises are situated, shall be in I
<br /> b c require but in
<br /> no event for lase than
<br /> such amount as Beneficiary may reasons 1 q N
<br /> b
<br /> red hereby, shall be issued y a any
<br /> com P
<br /> the indebtedness from time to time rsecu y,
<br /> or companies approved by Beneficiary, and shall contain the Standard Mortgage !!
<br /> clause with lose payable to Beneficiary. whenever, required by Beneficiary in :.
<br /> writing mailed to Trustor at Trustor'a last address known to Beneficiary, such
<br /> policies shall be delivered immediately to and held by Beneficiary. Any and !I
<br /> all amounts received by Beneficiary under any of such policies shall be released
<br /> to Trustor to be applied toward the reconstruction or repair of improvements
<br /> on the premises, or for any other purpose approved by Beneficiary. but Beneficiary
<br /> shall be under no obligation to see to the proper application of any amounts
<br /> so released to Trustor, provided however, Beneficiary may apply all or any part ! i
<br /> of such amounts on the indebtedness secured hereby in the event (f) a default ,
<br /> exists under this Deed of Trust or any collateral Ioan documents or (ii) there
<br /> has been an impairment of Beneficiary's security which cannot be cured by release 1
<br /> of the funds. Iletthor the application nor the release of any such amounts shall i
<br /> cure or waive any default or Notice of Default hereunder or invalidate any act
<br /> done pursuant to such Notice. Upon foreclosure hereof or other acquisition of
<br /> the premisoa or any part thereof by Beneficiary, such policies shall become the
<br /> absolute property of Beneficiary. j
<br /> 3. To keep the premises in good condition and repair, and not to commit
<br /> or permit waote thereof; if farm land. to farm, cultivate. Aare for. and irrigate I�
<br /> Ln a proper manner[ not to remove or demolish, nor alter or, impair the design
<br /> or structural character of, any building, fixture, equipment, fence, canal, well, iI
<br /> or other improvement now or hereafter situated upon said premises. nor remove,
<br /> replace, graft, bud or otherwise alter any horticultural or vitacultural tree, I
<br /> vine or shrub planted upon the premises for a commercial purpose, without the.
<br /> written consent of Boneficidry.
<br /> 4. Thar if, during the existence of these truate, there be commenced or ,
<br /> pending any action or proceeding affecting said promisee, or the title thereto,
<br /> or ifany adverae claim for or against the said premises be made, Trustee or I°
<br /> Senefie N ry, or both, may appear in said action or proceeding and rvtRin coynael
<br /> therein and defend the same, ar otherwise take such action therein ea they or j
<br /> either of them may deem advisable, and may settle or compromise the same or the
<br /> amid adverse claim[ and in that behalf, and for any of the said purpemea, may
<br /> pay and expend such mums of money as they, or either of thea] may deem to be
<br /> necessary.
<br /> !i To comply with all laws, ordinances, regulations, covenants, conditions „
<br /> and restrictions affecting said premixes, and not to suffer or permit any Oct
<br /> to be done In or upon said promises in violation thereof.
<br /> Description: San Joaquin,CA Document-Year.DoclD 1992.31274 Page: 2 of 10- Order: 12062982 Comment
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