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<br /> T the succeseore in intereet of the Truetee, foravar, in fee simple or such other =='�
<br /> �� estate, if any, ae is etated herein trust, ta eecure the payment of a promiseory __
<br /> note of this date, in the principal sum of: $597,000.00 ___
<br /> � ,.
<br /> eigned by Dougla8 J. Redman, aB Preeident on behalf of. Video Kingdom of -.-
<br /> ;� c3rand Island, Inc. and signed by Douglas J. Redman as Secretary on behalf of �."
<br /> , t, Video, Inc.
<br /> is 1. This conveyance is made upon and eubject to the furthes trust that �_�
<br /> the eaid Trustor eh311 remain in quiet and peaceable poeeession of the ak+ove
<br /> � �� granted and dencribed premisee and take the profite thereoE to hie own use until
<br /> the default be made in any payment of an installment due on eaid note or in the
<br /> . performance of any of the covenan�s or conditiona contained therein or in this - -
<br /> Deed of Truet; and, also to eecure the reimbureement of the Beneficiary or any
<br /> other holder of eaid note, the Truetee or any eubetitute truetee of any and all _
<br /> ' coate and expenssa incurred, including reasonable attomey's feee, on account of -
<br /> � any litigation which may� arise with reepect to this Truet or with respect to the
<br /> . ' indebtednees evidenced by said note, the protection and maintenance of the
<br /> , property hereinabove deecribed or in obtaining poeaeesion of said property after
<br /> ' any sale which may be made aa hereinafter provided.
<br />= ` 2. Upon the full payment of the indebtedneee evidenced by said note and
<br /> _ � ` �h= anrPrpar thereon, the payment of all other eums herein provided Edr, the
<br /> repayment of a'll monies advanced or expended pureuant to said noce or thib
<br /> instrument, and up�n the payment of all other proper coete, chargee, commiesions,
<br />- ' .t and expenees, the abova cleecribed property shall be releaeed and reconveyed to
<br />� and at the cost of the Tivator.
<br />" � 3. Upon defaul� in any o£ the covenants or conditions of thie instrument
<br /> 'A' � or of the note or loan agreement secured hereby. The Beneficiary or hie assigne
<br />-;..
<br /> - ,,, f may without notice and without regard to the adequacy of security for the .
<br />- indebtednese eecured, either personally or by attorney or agent without bringing
<br />= any action or proceeding, or by a receiver ta be appointed by the court, ente r
<br /> f•,� � upon and take possession of oaid property or any part thereof, and do any acte
<br /> .,:j;: .
<br /> J�� �` `` whiah Beneficiary deems proper to protect the security hereof, and aithar with
<br />„�.. . . ' �� or without taking poaeesaion of eaid propertiy, collect and receive the renta, _^
<br /> ° royaltiee, issues, and profite thereof, including rents accrued and unpaid, and _
<br /> � apply the eame, leee coets of operation and collection, upon the indebtedneee
<br /> � '� secured by this Deed of Truet, eaid rents, royalties, iseues, and pxofite, being —
<br /> .�, , ., horeby aeaigned to rhe Beneficiary ae further security for the paymenC of euch �
<br />- • ' indebtedneee. Exercise of righte under thie paragraph sha11 not cure or waive
<br /> '�� � ' any def ault or notice of default hereunder or invalidate any act done pureuanC -
<br /> to such notice but ehall be cumulative to any right and remedy to declare a
<br /> d�fault and to cauee notice of default to be recorded as hereinaf ter provided, _
<br /> and cumulative to any other right and/or remsdy hereunder, or provided by law, �
<br /> + and may be exer.cised concurrently or independently. Expenaes incurred by __
<br />- �� Ben�ficiary hereunder including reasonable attorney's feee ehall be secured _
<br /> hereby. --
<br /> 4 . The Trustor covenante and agrees that if he ehall fail ta pay said
<br /> indebtedneoe, or any part thereof, when due, or ehall fail to perform any •
<br /> 2
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