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sl—f <br />Ai a,... <br />City & <br />S,at. <br />SPACE ABOVE THIS LINE FOR RECORDER'S USE <br />Es-240 1-74 DEED OF TRUST AND ASSIGNMENT OF RENTS <br />This Deed of Trust, made this day of , between <br />herein called TRUSTOR, <br />Whose address is ' <br />(number and street) (city) (zone) (state) <br />UIU]TED CALIFORNIA BANK, a California corporation, herein called TRUSTEE, and <br />, herein called BENEFICIARY, <br />Witnesseth: That Trustor IRREVOCABLY GRANTS, TRANSFERS AND ASSIGNS to TRUSTEE IN TRUST, WITH POWER OF SALE, <br />that property in County, California, described as: <br />a <br />TOGETHER WITH the rents, issues and profits thereof, SUBJECT, HOWEVER, to the right, power and authority hereinafter given to and conferred <br />upon Beneficiary to collect and apply such rents, issues and profits. <br />For the Purpose of Securing: <br />1. Performance of each agreement of Trustor herein contained. 2. Payment of the indebtedness evidenced by one promissory note of even <br />date herewith, and any extension or renewal thereof, in the principal sum of $ executed by Trustor in favor of <br />Beneficiary or order. <br />A. To Protect the Security of This Deed of Trust, Trustor Agrees: <br />(1) To keep said property in good condition and repair; not to remove or demolish any building thereon; to complete or restore promptly and <br />in good and workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay when due all claims for labor <br />performed and materials furnished therefor; io comply with all laws affecting said property or requiring any alterations or improvements to be <br />-made thereon; not to commit or permit waste thereof; not to commit, suffer or permit any act upon said property in violation of law; to cultivate, <br />irrigate, fertilize, fumigate, prune and do all other acts which from the character or use of said property may be reasonably necessary, the specific <br />enumerations herein not excluding the general. <br />(2) To provide, maintain and deliver to Beneficiary fire insurance satisfactory to and with loss payable to Beneficiary. The amount collected <br />under any fire or other insurance policy may be applied by Beneficiary upon any indebtedness secured hereby and in such order as Beneficiary may <br />determine, or at option of Beneficiary the entire amount so collected or any part thereof may be released to Trustor. Such application or release <br />shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice, <br />(3) To appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or <br />Trustee; and to pay all costs and expenses, including cost of evidence of title and attorney's fees in a reasonable sum, in any such action or <br />proceeding in which Beneficiary or Trustee may appear, and in any suit brought by Beneficiary to foreclose this Deed. <br />(4) To pay: at least ten days before delinquency all taxes and assessments affecting said property, including assessments on appurtenant water <br />stock; when due, all encumbrances, charges and liens, with interest, on said property or any part thereof, which appear to be prior or superior <br />hereto; all costs, fees and expenses of this Trust. <br />Should Truster fail to make any payment or to do any act as herein provided, then Beneficiary or Trustee, but without obligation so to do and <br />without notice to or demand upon Trustor and without releasing Truster from any obligation hereof, may: make or do the same in such manner and <br />to such extent as either may deem necessary to protect the security hereof, Beneficiary or Trustee being authorized to enter upon said property for <br />such purposes; appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or <br />Trustee; pay, purchase, contest or compromise any encumbrance, charge or lien which in the judgment of either appears to be prior or superior <br />hereto; and, in exercising any such powers, pay necessary expenses, employ counsel and pay his reasonable fees. <br />(5) To pay immediately and without demand all sums so expended by Beneficiary or Trustee, with interest from date of expenditure at the <br />amount allowed by law in effect at the date hereof. <br />B. it is Mutually Agreed That; <br />(1) Any award of damages in connection with any condemnation for public use of or injury to said property or any part thereof is hereby <br />assigned and shall be paid to Beneficiary who may apply or reler•,r such moneys received by him in the same manner and with the same effect as <br />p 1�"^"�'..,{ ��•• disposition of proceaxls of I rr r nr mhr!r <br />r�. fJD <br />