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200001833 <br />or toward the reconstruction or repair of said buildings and improvements or <br />release same to the Trustor; (e) to pay any lien, claim or charge against the <br />Property which might take precedence over the lien hereof; (f) to pay on <br />demand all legal expenses, title searches, appraisal or attorneys' fees <br />reasonably incurred or paid by Beneficiary to collect the Note or foreclose <br />or protect the lien of this Deed of Trust; (g) that in the event Trustor <br />shall fail to comply with the provisions of (a) through (f) above, the <br />Beneficiary may expend such funds and take such action as is necessary to <br />remedy such failure and all sums paid by the Beneficiary pursuant hereto with <br />interest at the rate hereinafter provided shall constitute a lien upon the <br />Property, shall be secured by this Deed of Trust, and shall be immediately <br />due and repayable to the Beneficiary; (h) not to sell the Property or any <br />portion thereof without the approval of the Beneficiary in writing; and in <br />the event of any sale herein prohibited, then the entire indebtedness secured <br />by this Deed of Trust shall, at the option of the Beneficiary, become due and <br />payable; (i) that if the Property or any part or parcel thereof shall be <br />taken or damaged under the power of eminent domain, the award for any <br />Property so taken or damaged (including severance damages to the remaining <br />premises) shall be paid to the Beneficiary and applied in full or in part at <br />the option of the Beneficiary in reduction of the indebtedness hereby <br />secured; (j) that the Beneficiary shall have the right to inspect the <br />Property at such reasonable times as the Beneficiary may desire to determine <br />Trustor's compliance with the covenants contained in this Deed of Trust; (k) <br />that the Beneficiary may release from the lien hereof any part or parcel of <br />the Property without requiring any consideration therefor, and (1) that <br />Trustor is lawfully seized of said premises and Property in fee simple, that <br />the same are free from all liens and encumbrances except as may otherwise be <br />specifically noted herein or waived in writing by the Beneficiary; that <br />Trustor will execute or procure any further necessary assurances of title and <br />does hereby warrant generally the title to said Property and will forever <br />defend the same against the claims and demands of all persons whomsoever, and <br />that Trustor's separate estate, whether vested, contingent or in expectancy, <br />is hereby conveyed and Trustor does hereby expressly waive, release all <br />rights and benefits of any homestead, dower, curtesy, appraisement, exemption <br />and stay laws of this state. It is agreed that the interest provided for in <br />subsection (g) above shall be at the same rate as specified in the Note <br />secured hereby on the principal thereof after default and maturity. <br />SECOND. In the event Trustor, without the prior written consent of <br />Beneficiary, shall sell, transfer or convey or contract to sell, transfer or <br />convey the Property, or any part thereof or any interest therein, the entire <br />balance of the indebtedness hereby secured shall become and be immediately <br />due and payable at the option of Beneficiary; provided, however, Beneficiary <br />may waive such option to accelerate if, prior to such sale, transfer or <br />conveyance or contract therefor, Beneficiary and the person to whom the <br />property is to be sold or transferred reach an agreement in writing that the <br />credit of such person is satisfactory to Beneficiary and that the interest <br />payable on the sums secured by this Deed of Trust shall be at such rate as <br />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, <br />covenants and conditions hereof, Trustor agrees that Beneficiary shall and <br />does hereby have the right, power and authority during the continuance of <br />this Deed of Trust to collect the rents, issues and profits of the Property <br />and of any personal property located thereon with or without taking <br />possession of the property affected thereby; and Trustor hereby absolutely <br />and unconditionally assigns all such rents, issues and profits to Beneficia- <br />ry. Beneficiary, however, hereby consents to Trustor's collection and <br />retention of such rents, issues and profits as they accrue and become payable <br />so long as Trustor is not at such time in default with respect to payment of <br />any indebtedness secured hereby or in the performance of any agreement <br />hereunder. Upon any such default, Beneficiary may at any time, either in <br />person, by agent, or by receiver to be appointed by a court, without notice <br />and without regard to the adequacy of any security for the indebtedness <br />hereby secured (a) enter upon and take possession of the Property or any part <br />thereof and in its own name sue for or otherwise collect such rents, issues <br />and profits, including those past due and unpaid, and apply the same, less <br />costs and expenses of operation and collection, including reasonable <br />attorney's fees, upon any indebtedness secured hereby and in such order as <br />Beneficiary may determine; (b) lease the same or any part thereof for such <br />rental, term and upon such conditions as Beneficiary's judgment may dictate <br />