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<br /> 92431274
<br /> For the Purpose of 9ecuring3
<br /> 4PEs Payment of the indebtedness evidenced by a promissory note (and any
<br /> renevale 'or extensions or modifications thereof), of even dat,%herewith, in the
<br /> principal sum of Two Hundred Seventy Five ThousanO vll&,-s 14'$275,000.00), the
<br /> fi4al payment which in due in accordance with the' note oiecuted by Trustor and
<br /> $ delivered to Beneficiary, together with the interest thereon and late charges
<br /> as provided by said note which is made a part hereof by reforence_
<br /> TWOr Payment of further advances, and interest thereon, which may be made
<br /> by Beneficiary as provided by paragraph. 19 hereof.
<br /> E
<br /> THREES Payment of all other moneys herein agreed or provided to be paid
<br /> by Truator.
<br /> POUR: Performance of each agreement of Trustor herein contained or
<br /> incorporated herein by reference. I�
<br /> TRUSTOR AGREESe
<br /> I. To pays (a) before delinquent, all taxes and assessments of every type
<br /> or nature affecting said premiaea, all rents!' or charges for water and all
<br /> assessments on any water stock, (b) all other charges and encumbrances which
<br /> now are or shall hereafter be or appear to be a lion prior to the lien of this
<br /> Deed of Trusts (c) all taxes- upon this peed of Trust or the interest of
<br /> Beneficiary herein, or upon the note or debt secured hereby; provided, however,
<br /> that the total amount ao paid f" at-4y such tares puraua nt to thio Bub-paragraph
<br /> (e) together with the interest payable on said indebtedness shall not exceed
<br /> the highest lawful rate of interest in California. In the event of the enactment
<br /> of any Law imposing payment of p).1 or any of the taxes afpreaaid upon Beneficiary,
<br /> or upon the rendering by any court of a doeision'that the undertaking by Trustor,
<br /> as herein provided, to pay any tax or taxes, is legally inoperative, then and
<br /> In any such event the debt hereby secured, without arty deduction, shall, at the
<br /> option of Beneficiary, become isamodi.ately due and collectible, notwithstanding
<br /> anything contained herein or any law heretofore enacted or hereafter enacted.
<br /> 2. ;To keep the premises insured against leas or damage by fire, the perils
<br /> against which insurance is afforded by the Extended Coverage Endorsement, and
<br /> such other risks and perils as Beneficiary in its discretion Vay require. The 4
<br /> policy or policies of such insurance shall be in the form in general use from F
<br /> time to time in the locality in which the premises are situated, shall be in
<br /> such amount as Beneficiary may reasonable require but in no event for less than
<br /> the indebtedness from time to time secured hereby, shall be issued by a company
<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's last address known to Beneficiary, such '
<br /> policies shall be delivered immediately to and held by Beneficiary. Any and
<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 /> as released to Trustor, provided however, $eneficiary may apply all or any part
<br /> of such amounts an the indebtedness secured hereby in the event (1) a default
<br /> exists under this Beed of Trust or any collateral loan documents or (ii) there
<br /> has been an impairment of Beneficiary's securityi,which cannot be cured by release
<br /> of the funds. ' Neither the application nor the release of any such amounts shall
<br /> cure or naive 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 premises or any part thereof by Beneficiary,, such policies _shall become the
<br /> absolute.!property of Beneficiary.
<br /> 3. To keep the premises in good condition and repair, and not to commit
<br /> or permit waste thereof if farm land, to farm, cultivate, care for, and irrigate
<br /> in 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,
<br /> or other improvement now or hereafter situatedupon said premiaea, nor remove,
<br /> replace, 'graft, bud or otherwise alter any horticultural or vitacultural tree,
<br /> vine or shrub planted upon the premises for a,scommercial purpose, without the
<br /> written consent of Beneficiary.
<br /> k. ' That if, during the existence of these trusts, there be commenced or.
<br /> pending any action or proceeding affecting saild' premises, or the title thereto,
<br /> or if any adverse claim for or against the said promises be made, Trustee or
<br /> Beneficiary, or both, may appear in said action, or proceeding and retain counsel 1
<br /> therein and defend the same, or otherwise take such action therein as they or
<br /> either of them may doom advisable, and may settle or compromire the some or the
<br /> said adverse claim) and in that bs)half, and for any of the said purposes, may
<br /> pay and expend such sums of money as they, or either of them may deem to be
<br /> necessary.
<br /> 5. To comply with all laws, ordinances, regulations, covenants, conditions
<br /> and restrictions affecting said premises, and not to suffer or pormit any act
<br /> to be done in or upon said promises in violation thr..reof.
<br /> 'Order: 12056820 Description: 1992.31274 Page 2 of 10 Co=ent: �, .
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