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200103413 <br />or charge against the Property which might take precedence over the lien hereof, (f) to pay on <br />demand all legal expenses, title searches, appraisal or attorneys' fees reasonably incurred or paid by <br />Beneficiary to collect the Note or foreclose or protect the lien of this Deed of Trust; (g) that in the <br />event Trustor shall fail to comply with the provisions of (a) through (f) above, the Beneficiary may <br />expend such funds and take such action as is necessary to remedy such failure and all sums paid by <br />the Beneficiary pursuant hereto with interest at the rate hereinafter provided shall constitute a lien <br />upon the Property, shall be secured by this Deed of Trust, and shall be immediately due and <br />repayable to the Beneficiary; (h) not to sell the Property or any portion thereof without the approval <br />of the Beneficiary in writing; and in the event of any sale herein prohibited, then the entire <br />indebtedness secured by this Deed of Trust shall, at the option of the Beneficiary, become due and <br />payable; and in the event of any sale herein prohibited, then the entire indebtedness secured by this <br />Deed of Trust shall, at the option of the Beneficiary, become due and payable; (i) that if the Property <br />or any part or parcel thereof shall be taken or damaged under the power of eminent domain, the <br />award for any 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 the option of the <br />Beneficiary in reduction of the indebtedness hereby secured; 0) that the Beneficiary shall have the <br />right to inspect the 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) that the Beneficiary <br />may release from the lien hereof any part or parcel of the Property without requiring any <br />consideration therefor, and (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 otherwise be <br />specifically noted herein or waived in writing by the Beneficiary; that Trustor will execute or <br />procure any further necessary assurances of title and does hereby warrant generally the title to said <br />Property and will forever defend the same against the claims and demands of all persons <br />whomsoever, and that Trustor's separate estate, whether vested, contingent or in expectancy, is <br />hereby conveyed and 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 agreed that the <br />interest provided for in subsection (g) above shall be at the same rate as specified in the Note secured <br />hereby on the principal thereof after default and maturity. <br />SECOND: In the event Trustor, without the prior written consent of Beneficiary, shall sell, <br />transfer or convey or contract to sell, transfer or convey the Property, or any part thereof or any <br />interest therein, the entire balance of the indebtedness hereby secured shall become and be <br />immediately due and payable at the option of Beneficiary; provided, however, Beneficiary may <br />waive such option to 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 an agreement in <br />writing that the credit of such person is satisfactory to Beneficiary and that the interest payable on <br />the sums secured by this Deed of Trust shall be at such rate as Beneficiary shall request. <br />THIRD: That as further security for the payment of the Note and the indebtedness thereby <br />evidenced and the performance of all of the terms, covenants and conditions hereof, Trustor agrees <br />that Beneficiary shall and does hereby have the right, power and authority during the continuance <br />of this Deed of Trust to collect the rents, issues and profits of the Property and of any personal <br />property located thereon with or without taking possession of the property affected thereby; and <br />Trustor hereby absolutely and unconditionally assigns all such rents, issues and profits to <br />Beneficiary. Beneficiary, however, hereby consents to Trustor's collection and retention of such <br />rents, issues and profits as they accrue and become payable so long as trustor is not at such time in <br />default with respect to payment of any indebtedness secured hereby or in the performance of any <br />agreement hereunder. Upon any such default, Beneficiary may at any time, either in person, by <br />agent, or by receiver to be appointed by a court without notice and without regard to the adequacy <br />of any security for the indebtedness hereby secured (a) enter upon and take possession of the <br />Property or any part thereof and in its own name sue for or otherwise collect such rents, issues and <br />profits, including those past due and unpaid, and apply the same, less costs and expenses of <br />operation and collection, including reasonable attorney's fees, upon any indebtedness secured hereby <br />and in such order as 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 or terminate or adjust <br />the terms and conditions of any existing lease or leases. Unless Trustor and Beneficiary agree <br />otherwise in writing, any application of rents, issues or profits to any indebtedness secured hereby <br />shall not extend or postpone the due date of the installment payments as provided in the Note or <br />change the amount of such installments. The entering upon and taking possession of the Property, <br />the collection of such rents, issues and profits, and the application thereof as aforesaid, shall not <br />waive or cure any default or notice of default hereunder, or invalidate any act done pursuant to such <br />