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<br /> '` the Note,Beneficiary or Trustee,but without obligation so to do and without notice to or dema�id ,
<br /> • -'"� upon Trustor and withouc releasing Trustor from any obligatlan hereof, may make or do the same " ,
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<br /> � '� , , x�, in such manner and to such extent as either may deem necasszry to protect the security hereof, and
<br /> , Trustor authoriz�s Beneftciary or Trustee to enter upon the 'f'rust Property for such purpose.
<br /> -, � Beneficiary and/or Trustee may�at any time prior to full payment of all sums secured by this Deed :
<br />� . � of Trust: appear in and defend any action or proceoding purporting to affect the securiry hereof or -
<br />' - �• the rights or powers of Beneficiary or Trustee; pay, purchase, contest or compromise any ,
<br />. '°� enciunbrance,Gharge or lien which, in the judgment of either,appears to be prior or superior to the
<br /> liens, rights and security interests created in this Deed of Trust; and, in exercising any power
<br /> � conferred by this Deed of Trust,pay n�cessary expenses. employ counsel and pay reasonable fees
<br /> � thercfar(including fees on apgeal). Trustor agrecs to repay imumediately and without demand aA �
<br /> -• sums so expended by Beneficiary or Trustee with interest from date of expenditure at the Default
<br />' �� Rate as herein provided.
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<br /> " 6. Default; Acceleration; Default Rate. Time is material and of the essence hereof =
<br />_ "� with respect to the payment of any sums of any nature by and the perforniance of all duties or
<br /> � obligadons of Truswr. Each of the following shall be an Event of Default under this Deed of Trust:
<br /> � (a) failure of Trustor to make any payment of principal and/or interest or any other payment =
<br /> �- ,•�� --� �enuir�ct by thc provisians of the I�:ote, this Deed of Trusr. or any other instn�ment ce.curing the �___
<br /> - ____ Nore on the date such payment or paym�nts are due; (b)failure to perform any other provision of
<br /> - the Note,this Deed of Trust,or any other instrument seauring the Note; (c)a proceeding under any
<br /> ' bankruptcy,receivership or insolvency law is institutod by or against Trustor; (d)the making of an
<br /> assignment Por the benefit of creditors by Trustor;(e)the imposition upon Beneficiary,under any
<br />=�°� laws,of what Beneficiary may deem to be a substanrial tax upon Beneficiary by reason of its interest
<br /> t.,j � �1 in this Deod of Trust(unless Trustor may lawfully pay such tax and dces so);or(fl if any warranry —
<br /> _ °''"�' contained in this Deed of Trust is false in any material respect or any representarion, warranty or
<br />� . ,,, ' infomzadon fiunished by:he Trustor or its agents to Beneficiary in connecdon with the indebtedness
<br />-'��"�"�� secured hereby is false in any material respect. Any default under this Deed of Trust shall
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<br /> • wnsdtute a default under the Note and under all other security instruments securing the Note. Any
<br /> �:��'� � �}� default under suc�other security inst�vments shall constitute a default under this Deed of Trust.
<br /> � Upon default, Beneficiary tnay declare all sums secured hereby imm�diately due and payable,
<br /> without nodce except as described in paragraph 21. Any sum not paid as provided herein or in the _
<br /> -__=- -- N�te or an}t other security instnunPnt sect�ring the Note shall t+.°ar interest from sush due date at __
<br /> �' a rate of interest four(4)percentage points per annum greater than the Note Rate(as defined in the —
<br /> _ . Nate)or the maximum rate pernutted by law, whichever is lesser(the "Default Rate"). If a default �-
<br /> - ' �--=- � occurs during a period of time in which prepayment is permitted only on payment of a prepayinent
<br /> � chazge, such charge shall be computed as if the sum declared due on default were a prepayment and -
<br /> - shall be added to the sums due and payable under the Note. �--
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<br /> 7. Foreclosure; Power of Sale. Beneficiary may foreclosc this Deed of Trust like a -_-
<br /> mortgage and obtain a decree foreclosing Trustor's interest in all or any part of the Trust Properry.
<br /> � Deed of Trust,Aaalgnrtxnt of Rcnu,SecuHty Agrament and Fiature Filing(NE-9/9�
<br /> PAGE 13
<br /> P:�CLOSING�AIiENDIIC�DOCS\199TFAZOLI'5�97092314�DOT.W Y6
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