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2 <br />201 304018 <br />good, right and lawful authority to sell and convey said premises, that said premises are <br />free and clear of all liens and encumbrances and that TRUSTOR will warrant and <br />defend the title to said premises unto the TRUSTEE and his successors and assigns <br />forever against the claims of all persons, <br />FOR THE PURPOSE OF SECURING performance of each agreement of <br />TRUSTOR herein contained and the payment of Three Hundred Seventy Thousand <br />and no /100 Dollars ($370,000.00), as evidenced by a Promissory Note bearing even <br />date and any and all modifications, extensions and renewals thereof with interest at the <br />rate of four percent ( 4 %) per annum until paid; the principal sum and interest, if not <br />sooner paid, shall be due and payable on the /57 day of May, 2023. Any <br />installments paid prior to said due date shall be applied first on the payment of interest <br />computed monthly on the unpaid principal balance and the remainder of each <br />installment shall be applied to principal. All payments shall be made at the initial <br />address of the BENEFICIARY set forth above, or at such other place as the holder may <br />hereafter designate in writing. Prepayment in full or in part may be made by TRUSTOR <br />at any time without penalty. <br />It is agreed by and between the parties hereto that while title is vested in the <br />TRUSTEE and until filing of the Notice of Default, the TRUSTOR shall: <br />A. Retain possession of the premises and collect the rents and revenues <br />therefrom. <br />