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ILLUMINATION FOUNDATION (40)
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ILLUMINATION FOUNDATION (40)
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Last modified
8/21/2025 11:31:03 AM
Creation date
11/7/2024 2:44:51 PM
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Contracts
Company Name
ILLUMINATION FOUNDATION
Contract #
A-2024-169
Agency
Community Development
Council Approval Date
10/15/2024
Expiration Date
1/1/1900
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EXHIBIT "B" TO DEED OF TRUST <br />The following is a copy of Subdivisions A and B of the fictitious Deed of Trust recorded in each <br />county in California as stated in the foregoing Deed of Trust and incorporated by reference in said Deed of <br />Trust as being a part thereof as if set forth at length therein. <br />A. To protect the security of this Deed of Trust, Truster agrees: <br />(1) To keep said property in good condition and repair; not to remove or demolish any <br />building thereon; to complete or restore promptly and in good and workmanlike manner any building which <br />may be constructed, damaged or destroyed thereon and to pay when due all claims for labor performed and <br />materials furnished therefor; to comply with all laws affecting said property or requiring any alterations or <br />improvements to be made thereon; not to commit or permit waste thereof; not to commit, suffer or permit <br />any act upon said property in violation of law; to cultivate irrigate, fertilize, fumigate, prune and do all other <br />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 <br />with loss payable to Beneficiary. The amount collected under any fire or other insurance policy may be <br />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 <br />to Trustor. Such application or release shall not cure or waive any default or notice of default hereunder or <br />invalidate any act done pursuant to such notice. <br />(3) To appear in and defend any action or proceeding purporting to affect the security <br />hereof or the rights or powers of Beneficiary or Trustee; and to pay all costs and expenses, including cost <br />of evidence of title and attorney's fees in a reasonable sum, in any such action or proceeding in which <br />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 <br />said property, including assessments on appurtenant water stock; when due, all encumbrances, charges and <br />liens, with interest, on said property or any part thereof, which appear to be prior or superior hereto; all <br />costs, fees and expenses of this trust. <br />Should Trustor fail to make any payment or to do any act as herein provided, then Beneficiary or <br />Trustee, but without obligation so to do and without notice to or demand upon Truster and without releasing <br />Trustor from any obligation thereof, may: make or do the salve in such manner and to such extent as either <br />may deem necessary to protect the security hereof, Beneficiary or Trustee being authorized to enter upon <br />said property for such purposes; appear in and defend any action or proceeding purporting to affect the <br />security hereof or the rights or powers of Beneficiary or Trustee; pay, purchase, contest or compromise any <br />encumbrance, charge or lien which in the judgment of either appears to be prior or superior hereto; and, in <br />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 <br />Trustee, with interest from date of expenditure at the amount allowed by law in effect at the date hereof, <br />and to pay for any statement provided for by law in effect at the date hereof regarding the obligation secured <br />hereby any amount demanded by the Beneficiary not to exceed the maximum allowed by law at the time <br />when said statement is demanded. <br />B. It is mutually agreed: <br />55394.00101412870051.1 <br />
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