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CONST DOT PG4
<br />4
<br />201211074
<br />Full Reconveyance: That, upon written request of Beneficiary stating that all sums secured hereby have been
<br />paid, Trustee shall reconvey, without warranty, the property then held hereunder. The recitals in such reconveyance of
<br />any matters of fact shall be conclusive proof of the truthfulness thereof. The grantee in such reconveyance may be
<br />designated as "the person or persons legally entitled thereto ". Such request and reconveyance shall operate as a
<br />reassignment of the rents, income, issues and profits hereinbefore assigned to Beneficiary.
<br />Right to Collect and Receive Rents and Profits: Notwithstanding any other provisions hereof, Beneficiary
<br />hereby grants permission to Trustor to collect and retain the rents, income, issues and profits of such property as they
<br />become due and payable, but reserves the right to revoke such permission at any time, with or without cause, by notice in
<br />writing to Trustor, mailed to Trustor at his last known address. In any event, such permission to Trustor automatically
<br />shall be revoked upon default by Trustor in payment of any indebtedness secured hereby or in the performance of any
<br />agreement hereunder. On any such default, Beneficiary may at any time without notice, either in person, by agent, or by
<br />receiver to be appointed by the Court, and without regard to the adequacy of any security for the indebtedness secured
<br />hereby, enter upon and take possession of such property, or any part thereof, make, cancel, enforce or modify leases;
<br />obtain and eject tenants, set or modify rents; in its own name sue or otherwise collect the rents, income, issues and
<br />profits thereof, including those past due and unpaid; and apply the same, less costs and expenses of operation and
<br />collection, including reasonable attorney's fees, upon any indebtedness secured hereby and in such order as Beneficiary
<br />may determine; and except for such application, Beneficiary shall not be liable to any person for the collection or
<br />noncollection of any rents, income, issues or profits, for the failure to assert or enforce any of the foregoing rights, nor
<br />shall Beneficiary be charged with any duties and obligations of a mortgagee in possession. The entering upon and taking
<br />possession of such property, the collection of such rents, income, issues, or profits, the doing of other acts herein
<br />authorized, and the application thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or
<br />invalidate any act done pursuant to such notice.
<br />Trustee's Sale on Default: Upon default by Trustor in payment of any indebtedness secured hereby or in
<br />performance of any agreement hereunder, or any agreement secured hereby, Beneficiary may declare all sums secured
<br />hereby immediately due and payable and shall cause to be filed of record a written notice of default and election to sell
<br />such property. After the lapse of such time as then may be required by law following recordation of such notice of
<br />default, and notice of sale having been given as then required by law, Trustee, without demand on Trustor, shall sell such
<br />property, either as a whole or in separate parcels, and in such order as it or Beneficiary may determine at public auction
<br />to the highest bidder. Trustee may postpone the sale of all or any portion of such property by public announcement at the
<br />time and place of sale, and from time to time thereafter may postpone the sale by public announcement at the time and
<br />place fixed by the preceding postponement. Trustee shall deliver to such purchaser its deed conveying the property so
<br />sold, but without any covenant or warranty, express or implied. The recital in such deed of any matters of fact or
<br />otherwise shall be conclusive proof of the truthfulness thereof. Any person, including Trustor, Trustee or Beneficiary,
<br />may purchase at such sale. Trustee may also sell at any such sale and as part thereof any shares of corporate stock
<br />securing the obligation secured hereby, and Trustor waives demand and notice of such sale. (Beneficiary at its option
<br />may also foreclose on such shares by independent pledge sale, and Trustor waives demand and notice of such sale.)
<br />After deducting all costs, fees and expenses of Trustee, and of this Trust, including cost of evidence of title in connection
<br />with such sale, Trustee shall first apply the proceeds of sale to payment of all sums expended under the terms hereof, not
<br />then repaid, with accrued interest at the rate then payable under the note or notes secured hereby, and then to payment of
<br />all other sums secured hereby, and if thereafter there be any proceeds remaining, distribute them to the person or persons
<br />legally entitled thereto.
<br />If this Deed of Trust or any note secured hereby provides for any charge for prepayment of any indebtedness
<br />secured hereby, Trustor agrees to pay said charge, if any of said indebtedness shall be paid prior to the maturity date
<br />thereof stated in said note or this Deed of Trust, even rand notwithstanding Truster shall have defaulted to payment
<br />thereof, or in performance of any agreement hereunder, and Beneficiary by reason thereof, shall have declared all sums
<br />secured hereby immediately due and payable.
<br />Substitution of Trustee: That Beneficiary may, from time to time, by instrument in writing, substitute a
<br />successor or successors to any Trustee named herein or acting hereunder, which instrument, executed and
<br />acknowledged by Beneficiary and recorded in the office of the register of deeds of the county or counties where such
<br />property is situated, shall be conclusive proof of proper substitution of such successor Trustee or Trustees, who shall,
<br />without conveyances from the Trustee predecessor, succeed to all its title, estate, rights, power and duties.
<br />No Waiver by Beneficiary: No waiver by Beneficiary of any right under this Deed of Trust shall be effective
<br />unless in writing. Waiver by Beneficiary of any right granted to Beneficiary under this Deed of Trust or of any
<br />provision of this Deed of Trust as to any transaction or occurrences shall not be deemed a waiver as to any future
<br />transaction or occurrences. By accepting payment of any sum secured hereby after its due date, or by making any
<br />payment or performing any act on behalf of Trustor that Trustor was obligated hereunder, but failed, to make or
<br />perform, or by adding any payment so made by Beneficiary to the indebtedness secured hereby, Beneficiary does not
<br />waive its right to require prompt payment when due of all otier sums so secured or to require prompt performance of all
<br />other acts required hereunder, or to declare a default for failure so to pay.
<br />Waiver of Statute of Limitations: Time is of the essence in all Trusters obligations hereunder; and to the, extent
<br />permitted by law, Trustor waives all present or future statutes of limitations with respect to any debt, demand or obligation
<br />secured hereby in any action or proceeding for the purpose of enforcing this Trust or any rights or remedies hereunder.
<br />Inspection and Business Records: Beneficiary at any time during the continuation of this Trust may enter
<br />and inspect such property at any reasonable time. Trustor agrees that in the event such property is now or hereafter used
<br />for commercial or residential income purposes, when requested by Beneficiary, Trustor will promptly deliver to
<br />Beneficiary such certified financial statements and profit and loss statements of such types and at such intervals as may
<br />be required by Beneficiary which will be in form and content prepared according to the usual and acceptable
<br />accounting principals and practices, which statements shall cover the financial operations relating to such property
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