In addition, to the extent not otherwise covered, the grantor shall be deemed to covenant that amount advanced or incurred by the trustee or any beneficiary under a deed of trust (i) with respect to an obligation secured by a lien or encumbrance prior to the lien of the deed of trust or (ii) for the protection of the lien secured by the deed of trust, together with interest as provided in the deed of trust, shall be a part of the debt secured by the deed of trust, to be paid next after expenses of executing the trust.Ħ. The money so advanced, with interest as provided in the deed of trust, shall be a part of the debt secured by the deed of trust, in the event of sale to be paid next after the expenses of executing the trust, and shall be otherwise recoverable from the grantor as a debt. The grantor shall be deemed to covenant that in the event of his failure to meet any obligations imposed upon him, then the trustee or any beneficiary may, at his option, satisfy such obligations. The grantor shall be deemed to covenant that no waste shall be committed or suffered upon the property.ĥ. The grantor shall be deemed to covenant that he will keep the improvements on the property in tenantable condition, whether such improvements were on the property when the deed of trust was given or were placed there at a later time.Ĥ.
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The grantor shall be deemed to covenant that he will pay all taxes, levies, assessments, and charges upon the property, including the fees and charges of such agents or attorneys as the trustee may deem advisable to employ at any time for the purpose of the trust, so long as any obligation upon the grantor under the deed of trust remains undischarged.ģ. The deed shall be construed as given to secure the performance of each of the covenants entered into by the grantor as well as the payment of the primary obligation.Ģ.
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Unless the deed of trust provides otherwise, it shall be construed to impose and confer upon the parties and beneficiaries the following duties, rights, and obligations in like manner as if the same were expressly provided for by such deed of trust:ġ.
![code of va sections 55-59 and 55-60. 1950 code of va sections 55-59 and 55-60. 1950](https://c8.alamy.com/comp/2AM0XBD/francisci-ficoronii-reglondacadsocii-dissertatio-de-larvis-scenicis-et-figuris-comicis-antiquorum-romanorum-et-ex-italica-in-latinam-linguam-versa-tab-27saltatorum-pag-49-tab-29-satyricar-pag-3-6-tab-173c-lo-62-tab-4gt-72-tab-50-75-tab-54-scabillaris08-tab-69-senis-planipedis-pag-58-tab-j5-fervorumpag-54-tab-j-58-tab-57-71-tab-50-7-tab-52sllenicfe-pag-24-tab-8-68-tab-47-73-tab-55-so-cratis-pag-9-40-tab-20-80-tab-59-82-tab-6101-tab-78-thali-pag-60-tab-37-98-tab-74thrafonis-5-feu-militis-gloriofi-pag-14-tab-2AM0XBD.jpg)
How deed of trust construed duties, rights, etc., of parties.Įvery deed of trust to secure debts or indemnify sureties is in the nature of a contract and shall be construed according to its terms to the extent not in conflict with the requirements of law.