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<br /> J (B) Any failure nn tho ryart oQ tho Trustor to meat tho repeymont torme In ranpect to the Loan Agreemont And any � - --- � -_ -- �
<br /> - - , othor edvoncos undor thia Uc�d�f Tru�i he�n`uy nticured; ari�, �:
<br /> (C) Any actlon by tha Trustor prohibited by tfid torma of tho Loan A�raome�nt or thia Dood of Trust ar em� fallure o' �•
<br /> ( ihe Tr�etar to ect ae royulred by the Loan Apreement or thle DoeU of Trust, Qach of whlch Trustor horeby oproos „ ''
<br /> heve en edverso eifact on tha Heneficiary's seeurity for the Ilne of credit established an� the rlghte of the ��
<br /> � Q�noflcfary In�uch�ccurity, ._
<br /> end tipon the happening of ony such evant of dofnult, Bonefiala►Y mey doclare ali aums socurad hereby Immediately �
<br /> ,�, • due and payable by deliver to Trustee of wrlttnn cieclaratian of defsult. Tha Tsustss ehw!! hcv�th:,povler af se!e of „ -
<br /> thA Property,and if Boneficla►y d�ssirAS the Proparty to ho sold,!t shall deposlt with 7ruatee this Deed of Tvust end all _.
<br /> prami5s�ry notes and documonte avidencing exponditurAS secured horeby and ohell deliver to T�ustee a writtan natice � _
<br /> of deifnuli And oloction to cause the F'�oporty to ba sold, end the Trustae in turn 3hell prepa�e a noti�e in tha farm . �%�"•.. . •.; �-
<br /> r�q ieRd by�n�nr-wh4cMshpfl ty filfld far r4cord by Trustoe. � ` �'��'t"��'%�'`
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<br /> �q) 'RER tTiO I8�}�Q�•����1,�i Ne as moy bo required by lev� following the �ecordation of snicf notice oi de4ault.. e0d ��5•��+��-_.
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<br /> �o4{8v�pf;cl,�f�3..�pd:�ptitei f salo heving beon given as roquired by I�w, Truoteo, wlihout damend on Tr+,�ntor„ ��;�__
<br /> ' � ° shelh�etl•the Pr�pertqro�rttfe� pto and at tho time and plACe desigroated In seid notice af e�la,et public euatian to� �=?��:b.•_-.
<br /> �; ,.,;�;�—
<br /> the highest bidder, the purchase price payable in lawful money of the United Stntes et the time of sald. The ;;:�:�.�
<br /> person conducting the sale may, for any cr�use he deems expodio�ut,Pustpone the sale from Yir��s to timo until i� :A.�. -------
<br /> • sheli be comploted end, in avery such Case, �io4lce of p�stponem�nt shaH b�givon by public decleration thsreu� _ -
<br /> by such person at the tima and place lest appointed for the sale,provided,if the sele is postponed for longer then =�
<br /> one11) day beyond the day designated fn the noNce of sale, notice thereof shell be given in the seme manner es ','=� _..
<br /> � the oriflinel notice of sale. Trustee shall execute and deliver to tho purchaser its Deed conveying tho Property so �'.'�-�
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<br /> • sold, but without andy covenant or warrenty,express or implted. The �ecitals in the deed of any mattera o� ects ���1'�;ti•.____ -�
<br /> shall be conclusive proof of the truthfulnoss thereof. Any person,including BRneficiary,mav pa�ch•asa et the sela. " a
<br /> ,�� � � (B) When Trustee sells pursuant to the powers herein,tho Truetee shall apply the proceeds of the sale to peyrnent `•��;_ , _
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<br /> �'.:;'..• t,s .
<br /> • of the costs and expenses of exercising the power of sale and of the sale,including the payment of the Trustoe's
<br /> �';.�"� • fees actually Incurrsd,which Trustee's fees shall not in the eggregete exceed the followi�g emount basod upon
<br /> ,� the amount secured hereby and remaining unpaid; 6 percentum on the first 81,000 thereof, 1 percentum on the ,;�
<br /> � balenco thereoi and thon to the Items in subparagreptt iC) in the order there steted.
<br /> ----- �Lj F►1t�r payinp ihe iiems spe�ciiiao ii� BtiuNdia�iaN�i (°v=3�2�':0^oo�w fo ��TtiSSL°�,^►el.o rrnrn,o�rn��rt an�9 ntha� e^qAtS _ -
<br /> �' of foreclosure end sele If the salo is pursuent to Judicial foreclosure,the proceeds�4 salo sheil be epplied i�the order j,:;�
<br /> ' steted to the payment of: ��� `A
<br /> ' 4 (1) Cost of eny evidence of title p�a�cured in connection wieh such sala and of en�,+Tevenue stamps; � ,;�•
<br /> " � (11) AQ sums the secured horeby; • �;'.'.',
<br /> 1111) 7he remaindor,If any,to l�he person legally entitlad tM�roto. '
<br /> 13. Dutiea and Obltgationa of Trueteea. (e) The duties and obligations of tn+�tee shall be determined solely by .
<br /> the express provisions of this Deed of Trust,and Trustoe shell not bo lic�ble excapt 9or the performence of such dutie� �
<br /> end obligations es are specificalfy set forth herofn, end no implled covenants or otiligations shall be imposed �apon
<br /> � �'.�.'�1 Trustee; (b) No provisions of this Oeed of Trust shall requfro Trustee to expend o� risk �te own funds,or otherwfse
<br /> . �' , fncur any financiel obligetion in the performonce of any of its dutios horeunder.or in the exercise of any of Ite riphts �r,;�r-
<br />�� `;°�,����' ` or powor,if it shell hnve grounds for believing that the repayment ot�uch funds ar adoqueto lndamn(ty ageinst auch ---- �
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<br /> ' ,;.,p�� t risk or lit�'bility is not reesonably assured to ft;(c) Trustee may con�ult with Counsef of its own c;hoosUg an�the advice �'`��
<br /> �o__-_.
<br /> • • '� of suah counsel shall ba full and completo �utfi►or(zetion and protection In the respect of any r�ction teken or sufferod _ __
<br /> . , by it hereunder in good fatth and reliance thereon;(d) Trustee sholl not be lieble for any ection ?t�ken by It in flood feftli ���..�.
<br /> f t and reesor.ably believed by it to be authorized or withln the discretion or rights end powore conferred �pon it by this — -
<br />,:,:...':�,.�° � Deed of Trust. —���
<br /> _• ' 14. Additlond Secusity laetrumente. Trustor, at its oxponsa, w+li execut�s and deliver to the Trustoe, promptty ���-___
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<br /> ":_,�;" upon demand,such security instrumente as mey be required by Tru�tEe,in form and subatAnca setisfactory to Trustee,
<br />_ � � covering eiiy of tha Proporty conveyed by this Deed of Trust, whir.M sECUrity instrumonts shall bo edditionel securlty �,;^---__ —.
<br />�.���.,,;"� , for Trustor'tc faithtul performanCa of ell of the terms, aovenonts and conditions of this Deed of Yrust, the Loen �..�� ��
<br /> . ;�_;',:. A reement,any promissory note�s secured hereb and ar�y othar security instruments executed in connection withthis ' r:;,_ _ __
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<br />- �� •' tronsaction. Such instruments shel! be racorded or fitecG, and re-recorded and rotlled,et Tru.tor's expense. •� ��;�;:•;�'°"�^
<br /> 16. Nllscsllaneous. �� � ��'���'
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<br /> � (A) In the event any one or more of tho prmvisions contalned in the Deed of Trust, or the Loen Agraoment or eny
<br /> �' promissory note,or any other socurlty instrument gfven in connection with this transaction, shnll for any roes�n :,c�: �,Y'�'
<br /> to bo hold to be invalid, ille el or unentorceabl�in en res act,such invelEdit , Illo alfty or unenforceabillb shail, -;f'"+�""�� Cti' �'`
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<br /> � et the optfon of Beneficiar , not effoct any other provision of this Dnwcl�+f Tr�si,th�?i thl�DeAd et T.r�!sf sttnll�� _ �,�;_;N��4,v,�_�'
<br /> � � construed es if such Invalid, iliegal or unenforcoable provicfon had never been containod herein or therefn. �.,.�s��."' ��`»�"` '"��.�
<br /> (�) This Deed of Truet shell be construod according to the laws of tfi�o St�ta of Alebroska. �������.
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<br />- (C) tho Deed of Trust shell insure ta and bind the heirE,legatees,dovisees, administretors,executors, successore end : ;:-;1�` �
<br /> _ _�. ._.,;-: .
<br /> � essitins of the parties horoto. . ��
<br />_ (D) Trustor shal!pay all taxos loviod upon this Oead of Trust or the debt secured h�rr�by,tapother with eny other texas '�
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<br /> or assessments which may be levied agair�st the Truotoe or Beneficfary or the loflal holder of the Loen Agreement
<br /> - nn account af tne in�eotodness evioence ii,ereoy.
<br />� � (E) Whonever usad hsrein, the sfngular number shall include the�IurAl,the piuret,the sir�fluler,the uao nf any gendc�r �.
<br /> - � shell be appliceble to all gonders, and the term "Beneficlery" shall Include eny peyee of tho fndebtednoss horeby
<br />- � � secured or a�y trensfer theraof, whether by operetfon of lew or atherwise. ' ..',." '
<br /> 16. Succsssor Tr�istee. Beneficiary mey from time to time substftute a successor or auccessors to any Trustoa �`""``��•�
<br /> nemed herein or acting hereundor to exor.ute this Trust Deed. Upon such appaintment end without conveyence to
<br />� � 3he successor Trustee, the letter shell ba vested with ell titlo. powers end duties conferred upon any Trustee horein � �
<br /> �1 nemed or ecting hereunder. Eech such appointment or substitution shell be mede by writton instrument by Beneficinry, ' °
<br />- • � containfng reference to this Dae�of Tru�:�.^.� !*.°_ �ls�s ef�scerd, Whlch :��hsn recorde� �n the o4fice of the Regfster .
<br /> � of Deeds of the county or counties in which said property is situeted, shall be conclusiva proof of pr�er��pqi,�t�tent •
<br />— � of tho succes�or Trustee. The faregoin�y power ef substitution end the pPOCedure thorefore shell no be e'kclu�ive of � _, .
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