![]() ![]() The grantor shall be deemed to covenant that in the event of his failureto meet any obligations imposed upon him then the trustee or any beneficiarymay, at his option, satisfy the same. The grantor shall be deemed to covenant that no waste shall be committedor suffered upon the property.ĥ. The grantor shall be deemed to covenant that he will keep the improvementson the property in tenantable condition, whether such improvements were onthe property when the deed of trust was given or were thereafter placedthereon.Ĥ. The grantor shall be deemed to covenant that he will pay all taxes,levies, assessments and charges upon the property, including the fees andcharges of such agents or attorneys as the trustee may deem advisable toemploy at any time for the purpose of the trust, so long as any obligationupon the grantor under the deed of trust remains undischarged.ģ. ![]() The deed shall be construed as given to secure the performance of each ofthe covenants entered into by the grantor as well as the payment of theprimary obligation.Ģ. Unless otherwise provided therein, itshall be construed to impose and confer upon the parties thereto, and thebeneficiaries thereunder, the following duties, rights and obligations inlike manner as if the same were expressly provided for by such deed of trust:ġ. How deed of trust construed duties, rights, etc., of parties.Įvery deed of trust to secure debts or indemnify sureties is in the nature ofa contract and shall be construed according to its terms to the extent not inconflict with the requirements of law. 2006 Code of Virginia § 55-59 - How deed of trust construed duties, rights, etc., of partiesĥ5-59. ![]()
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