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201508057
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Last modified
7/21/2017 2:02:13 PM
Creation date
11/24/2015 1:01:30 PM
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DEEDS
Inst Number
201508057
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2� 15�8�57 <br /> Beneficiary any reasonab�e sums ineurred by Beneficiary for reasonable attorneys' fees and <br /> Benefi�iary's costs to enforc��his I]eed of Trust,the Nate, the Loan I]ocuments or other instrument or <br /> obligation of Trustor in.connectian wi�h the �oan secured hereby, or to protect or enforce any of <br /> Beneficiary's rights pursuant thereta. Any amounts so paid pursuant to th�s Section 3.Z, or the cast of <br /> such performance, together with Beneficiaryts C�5t5 and all of Beneficiary�s eXp��'15�5 incurred in <br /> cannectian w�th such paym�nt �r performance, and any amoun�s for which Trustor is specif cally <br /> obli�ated to reimburse Beneficiary or Trustee pursuan� �o pro�isians hereof, including inter�st an all <br /> such amounts at the Default Rate provided in the Nate, from the date paid by B�neficiary until r�paid <br /> ta Ben�ficiary, shall be payable by Trustor to Beneficiary immediately upon n�tice to Trustor of the <br /> amount owing, without further demand, shal� be secured by this Deed of Trust, and shall be added to <br /> the j udgment in any suit brought by Beneficiary or Trustee against Trustor hereon. <br /> S ection 3.3 - Non-Liability o_f Trus�ee. Truste� shall be protected in acting upan th� <br /> instruction af Beneficiary and shall have no liab�lity for any act or omission to act, but excluding�he <br /> grass n�gligence or wiilful rniscondu�t of Trus�ee. Trustee shall be entitled to rely upon th�advice of <br /> counsel in any and all of i�s actions. <br /> . <br /> S ect�on 3.4 ��ertain Actions b Trustee. At any time, ar from tim�to time, without l�a i ity <br /> therefor and without notiGe, upon the written request of Beneficiary, withaut affecting the personal <br /> l�ability of any person for the paym�nt af the Secured Indebtedness, and with�u� affecting the Iien of <br /> this I]eed of Trust upan the Mortgaged Property far the fu�l amount of all amounts secured hereby, <br /> Trustee rnay�a} recanvey all or any part of the Martgaged Praper�y, �b� consent to the making of any <br /> map ar plat �hereflf, (c} �oin in granting any easement thereon or in creating any cflvenants or <br /> conditions restricting use or accupaney thereof, or �d} j oin in any extension agre�ment or in any <br /> agreement subordinating the lien or charge hereaf. <br /> Section 3.5 - Recon�e.�nce. Upon written request of Benefi�iary stating that all sums <br /> secured hereby have been paid under the Note, and upon payment of its fees, Trust�e shall r�convey, <br /> without warranty, the property then held hereunder. Th� grante� in such recan�eyance may be <br /> d�scribed as "the person or persons legally entitled thereta." When the M�rtgaged Proper�y has heen <br /> fully recon�eyed, the�ast such reconveyance shall operate as a reassignment of all future Rents,155U�S <br /> and profits of the Mortgaged Property to the person or persons Iegally entitl�d�her�to. <br /> S ection 3.6- Compensation and �ndemni�cation of Trustee. Trustee shall be entitled to <br /> r�asonable compensation for all services rendered or expenses incurred in the administration ar <br /> execution of the trusts hereby created, and Trus�or hereby agrees to pay same, subject to all legal <br /> limitations. Trustee and Beneficiary sha�l be indemnified and held harmless l�y Trustor for, from and <br /> against any liabi�ity, damage or expense, including reas�nable attorneys' fees, Benef ciary's costs and <br /> amounts paid in settlem�nt, which Trustee or Beneficiary may incur ar sustain in th�execution of this <br /> trust ar in the daing of any act which they, or either of them, are required or permitted to do by the <br /> terms hereof or by law,and they shall be reimbursed th�refor in accordance with the provisions her�in. <br /> Section 3.7 - Statute of Limitations. The pleading of any statute of limitatians as a defense <br /> �o any obligatian seGured t�y this Deed of Trust�s hereby waived to the ful�est extent permitted by law. <br /> S ection 3.$ - Substitu�ian �f Trustee. Beneficiary may substitute th� Trustee her�under <br /> from time ta time, with ar withaut any caus� whatsoever, by an instrument in writing in any manner <br /> now ar hereafter permitted by law. Such writing shall be conclusi�e proaf of proper substitution of <br /> 16 <br />
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