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<br />9. FUL�, RECONVEYANCE: On written request of Beneficiary stating that all
<br />sums secured hereby have been paid or otherwise secured or satisfied, and on surrender of
<br />this Trust Deed and such Note to Trustee for cancellation and retention and upon payment
<br />of Trustee's fees, Trustee shall recovery, without warranty, the property then held
<br />hereunder. The recitals in any reconveyance accepted under this Trust Deed of any
<br />matters or facts shall be conclusive proof of the truthfulness thereof. The Grantee in such
<br />reconveyance may be described as "the person or persons legally entitled thereto."
<br />10. RIGHT TO COLLECT AND RECEIVE RENTS AND PROFITS As additional
<br />security, Trustor hereby gives to and confers on Beneficiary the right, power, and
<br />authority during the continuance of the interests created hereby to collect the rents, issues,
<br />and profits of such property, reserving to Trustor the right, prior to any default by Trustor
<br />in payment of any indebtedness secured hereby or in the performance of any agreement
<br />hereunder, to collect and retain such rents, issues, and profits as they become due and
<br />payable. On any such default, Beneficiary may at any time without notice, either in
<br />person, by agent, or by a receiver to be appointed by a court, and without regard to the
<br />adequacy of any security for the indebtedness hereby secured, enter on and ta.ke
<br />possession of such property or any part thereof, in its own name sue for or otherwise
<br />collect such rents, issues, and profits, including those past due and unpaid, and apply the
<br />same, less costs and expenses of operation and collection, including reasonable attorney's
<br />fees, on any indebtedness secured hereby, and in such order as Beneficiary may deter-
<br />mine. The entering on and taking possession of such property, the collection of such
<br />rents, issues, and profits, and the application thereof as aforesaid shall not cure or waive
<br />any default or notice of default hereunder or invalidate any act done pursuant to such
<br />notice.
<br />11. TRUSTEE'S SALE ON DEFAULT: On default by Trustor in payment of any
<br />indebtedness secured hereby, TIME BEING OF THE ESSENCE, or in performance of
<br />any agreement hereunder, or if Trustor is adjudicated bankrupt or made Defendant in a
<br />bankruptcy or receivership proceeding, all sums secured hereby shall immediately
<br />become due and payable at the option of Beneficiary. In the event of default Beneficiary
<br />shall execute or cause Trustee to execute a written notice of such default and of its
<br />election to cause to be sold the herein described property to satisfy the obligation hereof,
<br />and shall cause such notice to be recorded as then required by law.
<br />On notice of sale as then required by law and elapse of the then required time
<br />period after recordation of notice of default, Trustee, without demand on Trustor, shall
<br />sell such property at the time and place of sale fixed by it in such notice of sale, either as
<br />a whole or in separate parcels and in such order as it may determine, at public auction to
<br />the highest and best bidder for cash, payable at time of sale. Trustee may postpone sale or
<br />all or any portion of such property by public announcement at such time and place of sale,
<br />and from time to time thereafter may postpone such sale by public announcement at the
<br />time fixed by the proceeding postponement. Trustee shall deliver to the purchaser its
<br />deed conveying the property so sold, but without any covenant or warranty, express or
<br />implied. The recitals in such deed of any matters of facts shall be conclusive proof of the
<br />truthfulness thereof. Any person, including Trustor, Trustee, or Beneficiary, as hereunder
<br />defined, may purchase at such sale.
<br />After deducting all costs, fees, and expenses of Trustee and of this Trust,
<br />including cost of evidence of title and reasonable attorney fees in connection with the
<br />sale, Trustee shall apply the proceeds of sale to payment of all sums expended under the
<br />terms hereof, not then repaid with accrued interest at the rate provided on the principal
<br />debt, all other sums then secured hereby, and the remainder, if any, to the person or
<br />persons legally entitled thereto.
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