89`°008349 -
<br /> provide*,aff'ung othei ihinga,for the payri1enl of all sums advanced by the Beneficiary from time to time pursuant to the
<br /> Agreement,with Interest thereon at the rate specified In the Agreement,which rate may fluctuate from time to time as pro-
<br /> vided therein.The maximum obligation underthe Agreement to be secured by this deed of trust at any one tim
<br /> ro•videdtherein.ThemaximumobligationundertheAgreementtobesecuredbythisdeedoftrustatanyonetim I Beneficiary,
<br /> Dollars(S
<br /> with Trustor's written consentcked,the,hereafter Increases this amount.It the Agreement Is an American Equity Line Agreement or II
<br /> this unleuest
<br /> ss the Trust Is Tres then In defaultlunderithe Agreement note,ated to dcredit up
<br /> this Deed of Trust orto this oany otllar heagreement retaunt upon the iling to orsaecur•
<br /> Ing the Indebtedness.
<br /> The security of this deed of trust shall not be affected by thn extension,renewal or modification from time to time of the obligations,
<br /> Instruments or agreements described above.It there Is more than,Cnc Trusty,the term"Trustor;'as used in this Paragraph i.e.,In-
<br /> cludes only those persons who have signed the note,guarantee or Agreement except that ail Trustors must give the written consent
<br /> specified as to Increases In the maximum secured obligation under the Agreement as set larth above.
<br /> b. Payment of anand all obligations and Ilablllties,whatsoever,whether primary,secondary,direct,indirect,fixed,or contingent,
<br /> which are now due from Trustor,Obligor 0r any of them(or any successor In Interest to Trustor or any of them)whether created
<br /> y
<br /> Obligor or Cr any ofrthemy(orr any succenment if the ssor InoInte Interest Truster nor any of such them)specificallyation or tprovideor s that said oblother liigagion oned blfablilty Is
<br /> secured by this Deed. rein
<br /> — c. Performance
<br /> afting o welch each
<br /> stoats a party If the same Obligor rheitten
<br /> conn^titan with any or ao4 the foregotngined In any �agreement,Instrument or other
<br /> d. Payment of all sums to be expended by the Beneficiary or Trustee pursuant 10 the terms hereof.
<br /> 2. TO PROTECT THE SECURITY OF THIS DEED OF TRUST,'-'JSTOR AGREES:
<br /> a. To keep the Property In good condition and repair;not to remove or demolish any building thereon;to complete or restore promptly
<br /> and In goad and workmanlike manner any building which may be constructed,damaged or destroyed thereon and to pay when due
<br /> all claims for labor performed and materials furnished therefor;to comply with
<br /> all laws affecting the Property or requiring any
<br /> alteration or improvements io be made thereon;not to commit or permit waste thereof;not 10 commit,suffer or permit any act upon
<br /> said of therProperIn violation of law;I ou Iivate.ty may be reasonablycnafceasarly,lthe specific Other acts which
<br /> iliz enumerations hereinate,fart a,fumigate, rune d no
<br /> exlcluding the general.from the character o:use
<br /> b. To provide,maintain and deliver to Beneficiary fire and other Insurance on the Property satisfactory to and with loss payable to
<br /> Beneflciary.The amount collected under any fire or other insurance policy may be applied by Beneficiary upon indebtedness
<br /> secured hereby and in such order as Beneficiary may determine,or at option of Beneficiary.the entire amount so collected or any
<br /> part thereof may bl released to Trustor.Such application or release shall not cure or waive any default hereunder or invalidate any
<br /> --- act done pursuant to such notice.
<br /> l4y hereof or the rights or power*of Beneficiary or
<br /> c. To appear in and detend any action or proceeding purporting to affect the secur
<br /> Trustee;and to pay all costs and expenses,Including cost of evidence of title and attorney's lees In a reasonable sum,In any such
<br /> _- action or proceeding In which Beneficiary or Trustee may appear,and In any will brought by Beneficiary to foreclose this Deed.
<br /> d. To pay at least ten days before delinquency all taxes and assessments affecting the Property,Including assessment or appurtenant
<br /> water stock,all encumbrances,charges and liens,any Interest,on the Property or any part thereof,which appear to be prior or
<br /> superior hereto and all costs,fees and expenses of this Trust.
<br /> e. That should Trustor fall to make any payment or do any act as herein provided,then Beneficiary or Trustee,but without obligation
<br /> so to do and without notice to or demand upon Trustor and without releasing Trustor from any obligation hereof,may:
<br /> (1) Make or do the same In such manner and to such extent as either may deem necessary to protect the security hereof,
<br /> Beneficiary or Trustee being authorized to enter upon the Property for such purposes.
<br /> (2) Appear In and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary
<br /> or Trustee.
<br /> (3) Pay,purchase,contest or compromise any encumbrance,charge or Ilan which In the Judgment of either appears to be prior to
<br /> be superior hereto.
<br /> (4) In exercising any such powers,pay necessary expenses,employ counsel and pay his reasonable fees.
<br /> I. To pay Immediately and without demand all sums so expended by Beneficiary or Trustee,with Interest tram date of expenditure at
<br /> the cipall balance rate allowed
<br /> Indebtedness seculaw In red hereby and shallct at ihe date or bear the he highest rate oftion of tInterest as any such such sums Indebtedness.be added to fhe prin. .
<br /> the
<br /> ion secured
<br /> g To demanfor ded by tstatement he Beneficiary note ofor
<br /> exc ed the maximum allowed by law al thertime when saidtstatement s demanded.
<br /> amount
<br /> 3. IT IS FURTHER AGREED THAT:
<br /> a. That any award of damages In connection with any condemnation for public use It m n Injury to the Property or any part thereby and
<br /> hereby
<br /> same affect and ashall bes above aid to provided for Beneficiary
<br /> whop may
<br /> Of procesor release Su
<br /> of fire or other Insurance. by him In the same manner and
<br /> b. That by accepting payment of any sum secured hereby after Its due date,or aiter the filing of notice of default and of election to sell,
<br /> Beneficiary shall not waive Its tight to require prompt payment when due of all other sums so secured,or to declare default for
<br /> Benefi so to pay,or to proceed with the sale under any such notice of default and of election to sell,for any unpaid balance of said
<br /> Indebtedness.If Beneficiary holds any additional security for any obligation secured hereby,it may enforce the agile thereat et Its
<br /> option,either before,contemporaneously with,or after the sale Is made hereunder,and on any default of Trustor or Obligor,
<br /> _ Beneficiary may,at Its option,offset against any Indebtedness owing by It to Trustor or Obligor,the whole or any part of the In•
<br /> debtedness secured hereby.
<br /> ment of any Indebtedness secured
<br /> or
<br /> C. the lion affecting the
<br /> deed of trulst on thof e remainder of he P opertyTruster rforbthe full amouor,for the ntyof any Indebt dness unpaid.beneficiary and
<br /> ` Trustee are respectively empowered as follows: —
<br /> erson
<br /> (t) Beneficiary b)extend the time or olherwlafrom time lme e alter the teams of payment of any oeany che Indebtedness,(e)accept additmentol ional security of the ttherefor
<br /> (b any kind,Including deeds of trust e t mortgages,(d)alter,substltule or release any of the Property securing the In.
<br /> debledness. est of map
<br /> (2) Trustee or plat of the Properly (b)Ifntime,and rom time to ln granting Jany easemenon t oricreatintten g arty restriction thereon,(c)join In(a)consent to yany sulb9rdinall n or _--
<br /> out an warranty,all or any part
<br /> r r..,ar—rhw Ilan or charge thereof or.(d)reconYSY-.1111 Y. ._ Y, _
<br /> other agrnemenk alWAir,a tel:dt:Cd-.•-_._...._ _ .
<br /> of the Properly.
<br /> d That Agreement of other writingtevidencingythe Indebtedness sec,he,all sums ured hereby end performaoured"reLy have been ncedof all obligations M.1ceftlion or of ttie Trustor and
<br /> Oblige r herFgnder std thereunder,.and upon surrender of this Deed and acid note,guarent0Q;Agreement orotherevidence of In
<br /> Description: San Joaguin,CA Document-Year.DoclD 1989.8349 Page: 2 of 4
<br /> Order: 5 Comment: -
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