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- 5 - 894 - 103279 <br />. '1 <br />such funds or adequate indemnity against such risk or liability is not reason- <br />ably assured to it, (c) Trustee mny consult with counsel of its own choosing and <br />the advice of such counsel shall be full and complete authorization and pro- <br />tection in the respect of any action taken or suffered by it hereunder in good <br />faith and reliance thereon: (d) Trustee shall not be liable for any action taken <br />by it in good faith and reasonably believed by it to be authorized or within <br />the discretion or rights of powers conferred upon it by this Trust Deed. <br />14. Additional Security-Instruments.. Trustor, at its expense, will execute and <br />deliver to the Trustee, promptly upon demand, such security instruments as may <br />be required by Trustee, in form and substance satisfactory to Trustee, covering <br />any of the Property conveyed by this Trust Deed, which security instruments <br />shall be additional security-for Trustor's faithful performance of all of the <br />terms,'.povenants and conditions of this Trust Deed, the promissory notes secured." <br />hereby,r. and any other security instruments executed in connection with this <br />transaction. Such instruments shall be recorded or filed, and .re- recorded and <br />refiled, at Trustor's expense. <br />15. Miscellaneous, <br />(a) In the event any:,r'ne or more of the provisions contained in this Trust <br />Deed, or the promissory note or any other security instrument given in <br />connection with this - transaction, shall for any reason be held to be ins <br />valid, illegal,-or unenforceable in any respect, such invalidity <br />,.-il leg aIl- <br />ity, or u"66forceability shall, at the option of Beneficiary, not 4ffect• <br />any other �'inavision of this Trust Deed, but this trust Deed shall be <br />construed 's: if such invalid, illegal, or unenforceable provisio'. had <br />never-been contained herein or therein. <br />(b) This Trust Deed shall be construed according to the laws of the . State <br />of . Nohra air„^. <br />(c) This Trust Deed shall inure to and bind the heirs, legatees, dPvi F_.ees, <br />administrators, executors,, successors and assigns of the parties hereto. <br />(d) Trustor sha:Ll pay all taxes levied upon this Trust, need or the debt <br />secured hereby, together with any other taxes c•r,akssessments which may <br />be levied against the Trustee or Beneficiary ct'the legal holder of said <br />promissory .note on account of the indebt ednesr. ' " idenced thereby. <br />{e) Whenever used herein, the singular numJaer shall include the plural, the <br />plural, the singular, the use of any gender shall be applicable to all <br />gercd4rs, and the term "Beneficiary" shall include any payee of the in- <br />debtedness hereby secured or any transfer thereof, whether by operation <br />of law or n't' herwise. <br />16. successor.Trustee. Beneficiary may from time to time substitute a suc- <br />cessor or successors to any Trustee named herein or-acting hereunder to execute <br />this Trust beedr Ppon such appointment and without conveyance to the successor <br />Trustee, the; Utter shall be vested with all title', powers, and duties conferred <br />upon any Trustee herein named or acting hereunder.. Each such appointment and <br />substituLff6 T! shall be made by written instrument by Beneficiary, containing <br />reference,. th.r_s Trust Deed and its place of. record, which when recorded in <br />the office of the Register of Deeds of the county or counties in which said <br />property is situated shall be conclusive proof of proper appointment of the <br />successor Trusted...; The foregoing power of substitution and the procedure <br />therefore shall not be exclusive of the power and procedure provided for by <br />law for the substitution of a'-.Trustee or Trustees ir). the place of the Trustee <br />or Trustees named;.., herein. �— <br />17. Forbearance by Beneficiary or Trustee Not a Waiver. Any forbearance t <br />by Beneficiary or Trustee in exercising any right or remedy hereunder, or other- <br />wise afforded by applicable law, shall not be a waiver of or preclude the exercise ' <br />of any right to remedy hereunder. Likewise, the waiver by Beneficiary or <br />LTrustee of ang default of Trustor under. this Trust Deed shall not be deemed <br />to be a waivor of any other nr similar defaults subseyuent.ly occurring. IM <br />L <br />