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<br /> � 8econd. The grantor will at all timee during the conUnusace of this deed ot [rust keep the butidinga and lmprove-
<br /> � mente on eaid pzamisea iasured againat loea or damage by flre, atorm, war damage and other hazard in euch reliable � . � . . .
<br /> fnsarance companq, or cumpan[es, as maybe scceptable to the beneftciary, [or the maaimum amount of lnaurance ob- .. � � � � � . ���
<br /> � � � talnRble, or !n soch amount as may be approved by beneftclary, and all policiee covering [he same ehall contafa the DroDer . � . .. .
<br /> loea paysble clause, making sll . lossea, if any, payable to the beneficfary, hia aucceeeora or assigns, and shall be deliver- . �
<br /> � � � ed to the benettefarq herein, or to. the bwner or holder of the aotee aeeured hereby as additfonal security, In case oL loae .
<br /> � -�� and DgYment bp any insuranee company, the � amouat � of ineurnnce money eo paid shall Ue aDDlied elther on the indebted- � �
<br /> � .� � neae� aocured herebp,� orin rebuildlag or reatoring� the damaged building, or bufldinBe, or it may be releaeed . to the Srant- ��
<br /> . or,� as the . beneLictary may elect. � Iu the eveat ot losa tLe grnntor ahall immediately glve notice by meil to the bene[lciary �
<br /> r who�may make �proot ot loee it esme be not promptly made by tLe 6rantor. Each lneurance company involved is Lereby �
<br /> - � � � authorized, ;empowered�� and, dlrected to make payment tor any loee dtrectly to the beneffciary inatead oL to the graator
<br /> � ' � . �� and the beaellciary�. �olntly.. � � . . �
<br /> � � � Thtrd. -' � The � grantor wtll pay all tazea and aasessmente, Senerat or specisl, which may be asaeaeed aSainai the �� .
<br /> � � eald� lsad. .PremSses� or proBerty, or upon the laterest of the trustee or the beneffciary thereia, or uDon thla deed ot truet. . . �
<br /> � or the indebtedneea��secured� hereby, wlthout regard to say law heretotore enacted or that may hereafter be enacted . �
<br /> � � �� Impoeing � yayment ot the whole or sny Dgrt thereof upon either the truatee or beneflciary, and further wfll farnish an- � � .
<br /> . � � � nuslly ,to the benetfefary certiticates or recetpta o[ the proPer o[[icer ahowiag fuit payment of all aucL tszea aad as- . . �
<br /> . � seeemente. � . . � . .
<br /> . . � .Fourth. TLat Lhe rents, iesuee and Dro[its o[ all and every Part of t6e property here conveyed sre speciflcally . � �
<br /> i . pledged� to the payment ot the indebtednees hereby aecured, aad all obllgatlQae which may accrue under the terme ot ' � � . �
<br /> � .. . , � thie lastrument. Upon the maturlty of the indebtedaeae hereby aecured, efther by lapse ot Ume or by reaeon of any - � .
<br /> '�� � default as hereln provlded, or 1f at any tlme !t becomea necessary [o Drotect the ]fen of thls coaveyance, the beneticf- �
<br /> � � ary, or any owner, or �holder oC. the notes aecured hereby, aLa11 have tha right io tnrihwlth enLer into and upon - .
<br /> the �. Dropezty herelnbetore deecrlbed � and take � posseeelon thereof, and coilect and appl� the rents, ieeuea and Dro- � � �
<br /> ❑ta thereoa upon the fadebteHnees securad hereby, or may, it it !e eo deslred , have a recetver apyoiated Dy anp � court � � � .
<br /> sot . comDatent 7urisdietion to collect and lmpound the eaid rente, iasues and proLits and atter DaS'�ng the ezpenee � � . �
<br /> � � oL euch recefvershiy apPly the balance thereof to the payment of any Sndebtedneas eecused hereby. . . . � .
<br /> � � Nlfth. The fatlure ou the part o! the grantor to keep and �erform eacL, any, and sll o[ the covenants and
<br /> � �attpulations oY thia deed ot trust,� or the passage by tho State of MisaiesipDi ot any Iaw lmpoeiag payment ot � the � � �
<br /> � � � whole or any portion of any �. ot the taaes aforesnld upon tho trustee or tbe beneticiary, or upon the rendering by any . � . �
<br /> � � Court� of . competent Jurlsdlction of a decision that the etipulatlon or provlsion Lerein covering the Daym2nt ot tazee . � � . � . .
<br /> � 'or asseaementa ie legally iaoperative, ehall otve to the beneticiary or to the owaer or holder of the notes secured herebp � � ..
<br /> � � tha optfon to at once dectare the entire principal sum hereby eecured with all lnterest snd chargee thereou, and , all � . � � ,
<br /> � .. other amounte secured hereby at once due and demandable aad to have the property advertleed and sold by the trus- �
<br /> � ��.tee hereln named, or � his auccessor or eucceseors, in accordance wlth tbe provieioas ot tLta conveyaace hereinbe- � �. .
<br /> ` � tore set out.� Snt in ceee such delault consiate !n the faiture to keep the eaid property Snaured or to pay tha tax- � . . � � �
<br /> � � �es hereta required, tLe beneficlary, or the owner or holder of �he said eecured notea, may procure said lneurance . � ..
<br /> ; �� �. and �pay safd taaes and asaesementa�, or redeem the proparty from taz sale It it has been eold; and anq and all aume . � �
<br /> � . .. pafd 1n procurinB said inaurance or in paying said taaes . or asaeasments or in redeemfng e� !d proyerty trom tax � .
<br /> � �. �� eale,� together �with interest thereon at the rate heretn etipulated from the date the aeme ehall have been yafd, ahall � .
<br /> � be covered by thia coaveyance and shall be due and demandable on the date ot the matnrity ot the intereet install- �
<br /> � ment which msy become due under the terms of thls inatrument next atter auch additlonal itema ot ezpeaee are � msde ��
<br /> F or incurred. In case the beneflciary or the owner or bolder oC safd secured aotee electa to advance Snsurance premtum
<br /> ,. ^ � and/or ta=es, the receipt ot an agent of the ineurance company or companles in whtch said inauranca ia placed ahail, .
<br /> witL resBect to such Sneurance premiume, be conclusive evidence ae betweea the parttee to t1�1e coaveyaace of the . �
<br /> �, amount and Sact ot payment thereoL ; and the raceipt oL the proper pvblic otticisl, ehall with resDect to the tazes and � � .
<br /> asaeesments, aforeeald, be concluslve ae between the partfea to thla conveyance of the amouat and validity ot esid � �
<br /> i � tazee or � asseaemeata and ot the fact of tLe payment thereot. � �.
<br /> f � � 91:th. The beneflcisry, or any owner or hotder of the note aecured hereby, may at pleseure, without giving tor- �� .�
<br /> �' mal notice to the origiaal or any eucceseor truetee, or to the grantor here[n, and witbout regard to the wllHngneea or : . .
<br /> lnabillty of eny euch trustee to act, or to eaecute this truet, aDPolnt another pereon or eucceselon ot Dersona to act � �
<br /> j as truetee heretn, and auch appolntee or suhatitute shall have ull the Dowere in the eaecution o2 thls truet se are veet- . .
<br /> ed 1n the trustee heretn named. It tbe bene(ictary, or the owner or holder of the note eecured hereby, be a corpora- . . � �� .
<br /> X � tion, such appointmeat may be� made by Ste prestdent, vice-Dreeldent, aeefetant vlce-president, secretary or treasurer. � � . .
<br /> � ? 8avenih. In csse ot foreclosure snd sale o! Che proyerty covered hereby, the benericiary, or say owner or holder
<br /> . � oi .the noiea secured hereby, shall have the same right to purchasa at said sale as !f a stranger to thie Snetrument. � .
<br /> � � Eighth. Grantor coveaante that the Dremtaee and Droparty covered hereby will at all times be ueed !n a 800d � � � � . '
<br /> . � and Lnsbaadlike manner, for lawful purpoaea only, and that waete will not be committed or eutfered to be committed . � � �
<br /> thereoa. � � . � �
<br /> �v � Ninth. Whenever in thia deed of trnst tEe conteat so requires, the ainBular number ehatl iaclude the plural . . �
<br /> � snd the plural the eingular; holder ot the note or notes ehall be deemed to refer to and include tha owner of the debt �. . � �
<br /> .� �� . and the wotd beneLiclary ahgll at any and sll tlmes lnclude and mean the then holder of the note or notes secnred hereby . �
<br /> � IN TEBTIMONY WBTLiEOF, wltneea the elgnsture ot the grantor` this the � day ot U�--�j,. 19 77
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<br /> STATE OF MIS6I8S1PYI, , . �
<br /> COUNITY OF
<br /> � � Thte day pereonallp appeared � betore me, the uadereiBaed euthority, in snd tor the 6ta[e and Connty atoraesid. � �
<br /> -the� withfnasmed � � ' � �� � � � � � � � � �
<br /> . ` � . ���J �,�. . ,a} ���✓�,V !����d,�, .,,J who aeverally acknowledBed that �� ..a � .
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<br /> � � ��signad��� aad �delivered � the above and toregoing deed ot trust on tha ds9 and year therefa mentloned. � '
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