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exercise of the power
<br />Trustees lees actually
<br />secured by this Deed of
<br />paid to the person or
<br />person, including the 8
<br />such sale.
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<br />of sale, including the payment of the
<br />incurred, and pay second the obligations
<br />Trust; and the balance, if any, shall be
<br />persona legally entitled thereto. Any
<br />oneficiary, may purchase said property at
<br />The Trustor covenants that at the time of delivery of these
<br />presents, they are seised of said property in fee simple, and that
<br />said property 1e !free -of encumbrances, except encumbrances,
<br />easements, rights-of -+gay, restrictions and reservations of record,
<br />and they will properly maintain the property, keep all buildings
<br />Insured for fire and extended coverage in ;An amount equal to the
<br />unpaid balance of the aforesaid Note, with loss payable to the
<br />Beneficiary, and will pay all taxes and assessments against said
<br />property anu amounts due on prior encumbrances, and if they shall
<br />fail to pay insurance premiums or taxes on amounts due on prior
<br />encumbrances, the Beneficiary may pay the same and all amounts so
<br />paid shall become additional indebtedness due hereunder; and in
<br />case of foreclosure or other proceedings to which the Trustor shall
<br />be a party, Trustor will pay any reasonable attorney fees incurred
<br />by Beneficiary or Trustee in such foreclosure or other proceedings
<br />to the extent permitted by applicable law.
<br />should the Benef iaiAry hwroundar be made a party to any action
<br />affecting this Deed of Trust, or the title to said property, the
<br />Trustor agrees that all court costs and a reasonable attorney fee
<br />paid by the Beneficiary shall become additional indebtedness due
<br />hereunder, and the Trustor hereby releases and waives all claims to
<br />said property as a homestead exemption or other exemption now or
<br />„
<br />hereafter provided by law.
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<br />It is agreed that in case of default in payment of said
<br />principal or interest or a breach of any of the covenants herein,
<br />or upon any sale or transfer of the property by the Trustor, then
<br />i said principal sum hereby secured and interest thereon may, at the
<br />option of the Beneficiary, become due and payable at once.
<br />Anything in said Note and this Deed of Trust to the contrary
<br />notwithstanding, upon default, the Beneficiary shall be entitled to
<br />immediate possession of said property, together with the rents,
<br />issues and profits therefrom, and on failure of Trustor to deliver
<br />such possession, the Beneficiary shall be entitled to a receiver
<br />for said property that may be appointed by any court of competent
<br />jurisdiction.
<br />j All the covenants herein shall be binding upon the respective
<br />heirs, personal representatives, successors and assigns of the
<br />parties hereto.
<br />'
<br />Executed on this _1st_ day of October. 1990.
<br />Mark J, Stauss, a single man
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