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AgdaPkt 2012-06-25
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AgdaPkt 2012-06-25
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Last modified
6/25/2012 9:41:29 AM
Creation date
6/25/2012 8:57:57 AM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency
Date
6/25/2012
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6.1.K. - Page 29 <br /> furnished; (d) comply with all faws affecting the Property or requiring any alferations or <br /> �mprovements to be mad�; {e) not commit ar permit waste; and (� culti�ate, irrigate, <br /> fertilize, fumigate, prune and do all other acts which from the character or use of the <br /> Property may be reasonably necessary. <br /> 3. Insurance. Trustor shafl rnaintain hazard ins�rance against loss by fire, <br /> hazards included with the term "extended co�erage," and arty other hazards for which <br /> Beneficiary requires insurance, and liability insurance. The insurance carrier and th� <br /> ins�rance policies and amounts af coverage shall be acceptable to Ber�eficiary, the <br /> liability policy shall name Beneficiary as an additior�al ins�red, and shal� require 30 days` <br /> prior notice to Beneficiary before the policy is modified ar terminated. <br /> 4. Defense of Security. Trustor shall appear in and defend any action or <br /> proceeding purporting ta affect the security or the rights or powers of Beneficiary or <br /> 7rustee. Trustor shafl pay all costs and expenses, including costs of evidence of titfe <br /> and attorneys' fees, in ar�y such action or proceeding in whicF� Trustee or Benefciary <br /> may appear, ar�d in any suit brought by Beneficiary ta foreclose this DeecE of Trust. <br /> 5. Paymen� of Taxes and Liens. Trustor shall pay {a) at least 10 days <br /> before delinquer�cy, ail taxes and assessrr�ents affecting the Property, inclucfing water <br /> stock assessments, (b} wherr due, all encumbrances, charges and liens, with interest, <br /> on the Property, which are or appear ta be priar or superior to this Deed of Trust; and <br /> {c) upon demand all costs, fees and exp�nses of this Deed of Trust. lfi Trustor fails to <br /> make any payment or ta do any act provided for in this Deed of Trust, then Ber�eficiary <br /> or Trustee may, withaut obligatian ta do so, and with or without notice to or demand <br /> upon Trt�stor, and without releasing Trustor from any obfigation under this Deed of <br /> Trust: (i} make or do the same in such manner and to such extent as either may deem <br /> necessary to protect the security, Beneficiary or Trustee being autharized to en�er upon <br /> the Property for such purposes; (ii) appear in or commence any action or proceeding <br /> purporting to affect the security, or the rights c�r powers of Beneficiary or Tr�stee; <br /> (iii) pay, purchase, contest or settle any er�cumbrance, charge or lien which in the <br /> �udgment of either app�ars to be ser�ior to this Deed of Trust; and (iv) in exercising any <br /> such powers, pay allowable expenses, including attorneys' fees. <br /> 6. Reimbursement of Costs. Trustor shafl pay upon demand all sums <br /> expended by Beneficiary or Trustee provided for in this Deed of Trust or alfowed by law, <br /> with interest firom date of expenctiture at the maximum rate allowed by law. <br /> 7. No Waiver. By accepting payment of any sum after its due date, <br /> Beneficiary does not waive its right either to require prompt payment when cfue of a!I <br /> other sums or declare a defaul� for failure to pay. <br /> Page 25 of 31 <br />
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