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201407146
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201407146
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Last modified
11/12/2014 3:27:12 PM
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11/12/2014 3:27:12 PM
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DEEDS
Inst Number
201407146
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2 0140714, <br />(j) That the Beneficiary shall have the right to inspect the Property at such <br />reasonable times as the Beneficiary may desire to determine Trustor' s compliance <br />with the covenants contained in this Deed of Trust; <br />(k) That the Beneficiary may release from the lien hereof any part or <br />parcel of the Property without requiring any consideration therefor, and; <br />(1) That Trustor is lawfully seized of said premises and Property in fee <br />simple, that the same are free from all liens and encumbrances except as may <br />otherwise be specifically noted herein or waived in writing by the Beneficiary; that <br />Trustor will execute or procure any other necessary assurances of title and does <br />hereby warrant generally the title to said Property and will forever defend the same <br />against the claims and demands of all persons whomsoever, and that Trustor's <br />separate estate, whether vested, contingent or in expectancy, is hereby conveyed and <br />Trustor does hereby expressly waive, release all rights and benefits of any <br />homestead, dower, curtesy, appraisement, exemption and stay laws of this state. It is <br />agreed that the interest provided for in subsection (g) above shall be at the same rate <br />as specified in the Note secured hereby on the principal thereof after default and <br />maturity. <br />All alterations, improvements or charges to the property after closing are the <br />responsibility of the Trustee. <br />SECOND: In the event Trustor, without the prior written consent of <br />Beneficiary shall sell, transfer or conveyor contract to sell, transfer or convey the <br />Property, or any part thereof or any interest therein, the entire balance of the <br />indebtedness hereby secured shall become and be immediately due and payable at <br />the option of Beneficiary. provided, however, Beneficiary may waive such option to <br />accelerate if, prior to such sale, transfer or conveyance or contract therefor, <br />Beneficiary and the person to whom the property is to be sold or transferred reach <br />an agreement in writing that the credit of such person is satisfactory to Beneficiary <br />and that the interest payable on the sums secured by this Deed of Trust shall be at <br />such rate as Beneficiary shall request. <br />THIRD: That as further security for the payment of the Note and the <br />indebtedness thereby evidenced and the performance of all of the terms, covenants <br />and conditions hereof, Trustor agrees that Beneficiary shall and does hereby have the <br />right, power and authority during the continuance of this Deed of Trust to collect the <br />rents, issues and profits of the Property and of any personal property located thereon <br />
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