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FEE -25 -00 FRI 12:00 PM
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<br />1, This conveyance is made upon and subject to the further trust that the said Truster shall remain in quiet
<br />and peaceable possession of the above granted and described premises and take the profits thereof to his own use until
<br />default be made in any payment of an installmenr due on said note or In the performance of any of the covenants or
<br />conditions contained therein or in this Deed of Trust; and, also to secure the reimbursement of the Beneficiary or any
<br />other holder of said note, the Trustee or any substitute trustee of any and attl costs and
<br />reasonable attorneys fees, on account of any litigation which may arise with respect tot expen or twith respect to the
<br />indebtedness evidenced by said note, the protection and maintenance of the property hereinabove described or in
<br />obtaining possession of said property after any sale which may be made as hereinafter provided.
<br />2. Upon the full payment of the indebtedness evidenced by said note and the interest thereon, the payment
<br />Of all other sums herein provided for, the repayment of all monies advanced or expended pursuant to said note or this
<br />instrument, and upon the payment of all other proper costs, charges,commissions, and expenses, the above described
<br />Property shall be released and reconveyed to and at the cost of the Trustor.
<br />3. Upon default in any of the covenants or conditions of this instrument of or the note or loan agr e ement
<br />secured hereby, the Beneficiary or his assigns may without notice and without regard to the adequacy of security for the
<br />indebtedness secuieA either personally or by attoi* or agent without bringing any action or proceeding, or by a
<br />receiver to be appointed by the court, cuter upon and take possession of said property or any part thereof, and do any
<br />ass which Beneficiary deems proper to protect cite security hereof, and either with or without taking possession of said
<br />property, collect and receive the rents, royalties, issues, and profits thereof, including rents accrued and unpaid, and apply
<br />the same, less costs of operation and collection, upon the indebtedness secured by this i)eed of Trust, said rents,
<br />royalties, issues, and profits, being hereby assigned to the Beneficiary as further security for the payment of such
<br />indebtedness. Exercise of rights under this paragraph shall not cure or waive any default or notice of default hereunder
<br />or invalidate any act done pursuant to such notice but shall be cumulative to any right and remedy to declare a default
<br />and to cause notice of default to be recorded as hereinafter provided, and cumulative to any other right and /or remedy
<br />hereunder, or provided by law, and may be exercised concurrently or independently. Expenses incurred by Beneficiary
<br />hereunder including reasonable attorney's fees shall be secured hereby.
<br />4. The Trustor covenants and agrees that if he shall fail to pay said indebtedness, or any part thereof, when
<br />due, or shall fail to perform arty covenant or agreement of this instrument or of the promissory note secured hereby, the
<br />entire indebtedness hereby secured shall immediately become due, payable, and collectible at the option of the
<br />Beneficiary or assigns, regardless of maturity, and the Beneficiary or assigns may enter upon said property and collect
<br />the teats and profits thereof. Upon such default in payment or performance, and before or after such entry,the Trustee,
<br />acting in the execution of this Trust, after the notice of default has been recorded, shall mail a copy of the default to each
<br />Person who is a party to this instrument, at the address set out in this instnunent, as well as to any person who has
<br />requested any notice of default and notice of salt by recording said request for notice with the red -P ar -ds is the
<br />county in which this instrument is recorded, and after the lapse of time which is required by law after mailing the notice,
<br />the Trustee shall have the power to sell said prop', and it shall be the Trustee's duty to sell said property (and in case
<br />of any default of any purchaser, to resell) at public auction, to the highest bidder, first giving five weeks, notice of the
<br />time, terms, and place of such sale, by advertisement not less than once during each of said five weeks in a newspaper
<br />published or distributed in the county or political subdivision in which said property is situated, and written notice of sale
<br />shall be mailed to each person who is a party to this instrument at the address set forth herehk(and the Beneficiary or
<br />any person on behalf of the Beneficiary may bid and purchase at such sale). Such sale will be held at a suitable place
<br />to be selected by the Beneficiary within said county or political subdivision. The Trustee is hereby authorized to execute
<br />and deliver to the purchaser at such We a sufficient conveyance of said property, which conveyance shall contain recitals
<br />as to the happening of default upon which the execution of the power of sale herein granted depends; and the said
<br />Trustor hereby constitutes and appoints the Trustee as his agent and attorney in fact to make such recitals and to execute
<br />said conveyance and hereby covenants and agrees that the recitals so made shall be binding and conchtcivc upon the
<br />Truster, and said conveyance shalt be effectual to bar all equity or right of redemption, homestead, dower, right of
<br />appraisement, and all other rights and exemptions of the Trustor all of which are hereby expressly waived and conveyed
<br />to the Trustee. In the event of a sale as hereinabove provided, the Trustor or any person in possession under the
<br />Trustor, shall then become and be tenants holding over and shall forthwith deliver possession to the purchaser at such
<br />sale or be summarily dispossessed, in accordance with the provisions of law applicable to tenants holding over. The
<br />power and agency hereby granted are coupled with an interest and are irrevocable by death or otherwise, and are granted
<br />as cumulative to all other remedies for collection of said indebtedness. The Beneficiary or Assigns may take any other
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