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201307649
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201307649
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Last modified
8/19/2014 2:24:05 PM
Creation date
9/19/2013 8:14:48 AM
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DEEDS
Inst Number
201307649
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201307649 <br />and reasonably believed by it to be authorized or within the discretion of rights or powers <br />conferred upon it by this Deed of Trust; (e) Trustee shall not be responsible for the payment of <br />any unpaid taxes on the Property due and owing at the time of the sale of all or any part of the <br />Property pursuant to the procedures in Paragraph 10. <br />12. Additional Security Instruments. Trustor, at its expense, will execute and deliver <br />to the Trustee, promptly upon demand, such security instruments as may be required by <br />Trustee, in form and substance satisfactory to Trustee, covering any of the Property conveyed <br />by this Deed of Trust, which security instruments shall be additional security for Trustor's faithful <br />performance of all of the terms, covenants, and conditions of this Deed of Trust, the Note and <br />any and all other documents evidencing the Obligations secured hereby, and any other security <br />instruments executed in connection with this transaction. Such instruments shall be recorded or <br />filed, and re- recorded and refiled, at Trustor's expense. <br />13. Successor Trustee. Beneficiary may from time to time substitute a successor or <br />successors to any Trustee named herein or acting hereunder to execute this Deed of Trust. <br />Upon such appointment and without conveyance to the successor Trustee, the latter shall be <br />vested with all title, powers, and duties conferred upon any Trustee herein named or acting <br />hereunder. Each such appointment and substitution shall be made by written instrument by <br />Beneficiary, containing reference to this Deed of Trust and its place of record, which when <br />recorded in the office of the Register of Deeds of the county or counties in which said Property <br />is situated shall be conclusive proof of proper appointment of the successor trustee. The <br />foregoing power of substitution and the procedure therefor shall not be exclusive of the power <br />and procedure provided for by law for the substitution of another trustee in the place of the <br />Trustee. <br />14. Inspections. Beneficiary, or its agents, representatives or workmen, are <br />authorized to enter at any reasonable time upon all or in any part of the Property for the purpose <br />of inspecting the same and for the purpose of performing any of the acts it is authorized to <br />perform under the terms of the Deed of Trust. <br />15. Forbearance by Beneficiary or Trustee Not a Waiver. Any forbearance by <br />Beneficiary or Trustee in exercising any right or remedy hereunder, or otherwise afforded by <br />applicable law, shall not be a waiver of or preclude the exercise of any right or remedy <br />hereunder. Likewise, the waiver by Beneficiary or Trustee of any default of Trustor under this <br />Deed of Trust shall not be deemed to be a waiver of any other or similar defaults subsequently <br />occurring. <br />16. Trustor Not Released. Extension of the time for payment or modification or <br />amortization of the sums secured by this Deed of Trust granted by Beneficiary to any successor <br />in interest of Trustor shall not operate to release, in any manner, the liability of the original <br />Trustor or Trustor's successor in interest. Beneficiary shall not be required to commence <br />proceedings against such successor or refuse to extend time for payment or otherwise modify <br />amortization of the sums secured by this Deed of Trust by reason of any demand made by the <br />original Trustor and Trustor's successors in interest. <br />17, Beneficiary's Right to Cure. If there shall be a default under this Deed of Trust or <br />under any prior mortgage or deed of trust, the Beneficiary may cure such default. The amounts <br />advanced by, and other costs and expenses of the Beneficiary in curing such default, with <br />interest (from the date of disbursement at the rate payable from time to time on outstanding <br />principal on the Note unless payment of interest at such rate would be contrary to applicable <br />4831 -6145- 0.517.1 7 <br />
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