|
20200066,
<br />2000046965-Modl /D1H4015007006
<br />thereon; the hereditaments and appurtenances and all other rights thereunto belonging, or in anywise
<br />appertaining, and the reversion and reversions, remainder and remainders, and the rents, issues, and profits
<br />of the above described property. To have and to hold the same unto the Trustee, and the successors in
<br />interest of the Trustee, forever, in fee simple or such other estate, if any, as is stated herein in trust, to
<br />secure the payment of a promissory note dated December 13, 2019 in the principal sum of $36,900.00 and
<br />maturing on October 3, 2034, signed by or on behalf of CAMERON KAUFMAN and VERONICA
<br />KAUFMAN. The beneficial owner and holder of said note and of the indebtedness evidenced thereby is
<br />the Beneficiary.
<br />In the event said property, or any part thereof, or any interest in it, or if it is agreed that it will be in any
<br />manner or way, whether voluntary, involuntary, by the operation of law or otherwise, be sold, conveyed,
<br />or hypothecated, all obligations secured by the Deed or Deeds irrespective of the maturity dates expressed
<br />in any Note or Notes, evidencing same, at the option of the Beneficiary, and without demand or notice,
<br />shall become due and payable.
<br />1. This conveyance is made upon and subject to the further trust that the said Trustor/Grantor
<br />shall remain in quiet and peaceable possession of the above granted and described premises and take the
<br />rents, issues and profits thereof to his own use until default be made in any payment of an installment due
<br />on said note or in the performance of any of the covenants or conditions contained therein or in this Deed
<br />of Trust; and, also to secure the reimbursement of the Beneficiary or any other holder of said note, the
<br />Trustee or any substitute trustee of any and all costs and expenses incurred, including reasonable attorneys'
<br />fees, on account of any litigation which may arise with respect to this Trust or with respect to the
<br />indebtedness evidenced by said note, the protection and maintenance of the property hereinabove
<br />described or in obtaining possession of said property after any sale which may be made as hereinafter
<br />provided.
<br />2. Upon the full payment of the indebtedness evidenced by said note and the interest thereon,
<br />the payment of all other sums herein provided for, the repayment of all monies advanced or expended
<br />pursuant to said note or this instrument, and upon the payment of all other proper costs, charges,
<br />commissions, and expenses, the above described property shall be released and reconveyed to and at the
<br />cost of the Trustor/Grantor.
<br />3. Upon default in any of the covenants or conditions of this instrument or of the note or loan
<br />agreement secured hereby, the Beneficiary or his assigns may without notice and without regard to the
<br />adequacy of security for the indebtedness secured, either personally or by attorney or agent without
<br />bringing any action or proceeding, or by a receiver to be appointed by the court, enter upon and take
<br />possession of said property or any part thereof, and do any acts which Beneficiary deems proper to protect
<br />the security hereof, and either with or without taking possession of said property, collect and receive the
<br />rents, royalties, issues, and profits thereof, including rents accrued and unpaid, and apply the same, less
<br />costs of operation and collection, upon the indebtedness secured by this Deed of Trust, said rents,
<br />royalties, issues, and profits, being hereby assigned to Beneficiary as further security for the payment of
<br />such indebtedness. Exercise of rights under this paragraph shall not cure or waive any default or notice of
<br />default hereunder or invalidate any act done pursuant to such notice but shall be cumulative to any right
<br />and remedy to declare a default and to cause notice of default to be recorded as hereinafter provided,
<br />and cumulative to any other right and/or remedy hereunder, or provided by law, and may be
<br />exercised concurrently or independently. Expenses incurred by Beneficiary hereunder including
<br />reasonable attorneys' fees shall be secured hereby.
<br />4. The Trustor/Grantor covenants and agrees that if he shall fail to pay said indebtedness, or any
<br />part thereof, when due, or shall fail to perform any covenant or agreement of this instrument or of the
<br />Page 2
<br />
|