- 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 />
|