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202403262
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7/15/2024 4:00:05 PM
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7/15/2024 4:00:05 PM
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DEEDS
Inst Number
202403262
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202403262 <br />costs of sale, and all monies advanced in the exercise of the power of sale, including the <br />payment of the Trustee's fees actually incurred, and pay second the obligations secured by <br />this Deed of Trust; and the balance, if any, shall be paid to the person or persons legally <br />entitled thereto. Any person, including the Beneficiary, may purchase said property at such <br />sale. <br />The Trustor covenants that at the time of delivery of these presents, Trustor is seized <br />of said property in fee simple, and that said property is free of encumbrances, except <br />encumbrances, easements, rights-of-way, restrictions and reservations of record, and <br />Trustor will properly maintain the property, keep all buildings insured for fire and extended <br />coverage in an amount equal to the unpaid balance of the aforesaid Note, with loss payable <br />to the Beneficiary, and will pay all taxes and assessments against said property and <br />amounts due on prior encumbrances, and if. Trustor shall fail to pay insurance premiums or <br />taxes on amounts due on prior encumbrances, the Beneficiary may pay the same, and all <br />amounts so paid shall become additional indebtedness due hereunder; and in case of <br />foreclosure or other proceedings to which the Trustor shall be a party, Trustor will pay any <br />reasonable attorney fees incurred by Beneficiary or Trustee in such foreclosure or other <br />proceedings to the extent permitted by applicable law. <br />Trustor shall make no alterations, improvements, or changes to the above- described <br />property without the written consent of the Beneficiary. <br />Should the Beneficiary hereunder be made a party to any action affecting this Deed <br />of Trust or the title to said property, the Trustor agrees that all court costs and a reasonable <br />attorney fee paid by the Beneficiary shall become additional indebtedness due hereunder, <br />and the Trustor hereby releases and waives all claims to said property as a homestead <br />exemption or other exemption now or hereafter provided by law. <br />It is agreed that in case of default in payment of said principal or interest or a breach <br />of any of the covenants herein, or upon any sale or transfer of the property by the Trustor, <br />then said principal sum hereby secured and interest thereon may, at the option of the <br />Beneficiary, become due and payable at once. Anything in said Note and this Deed of Trust <br />to the contrary notwithstanding, upon default, the Beneficiary shall be entitled to immediate <br />possession of said property, together with the rents, issues and profits therefrom, and on <br />failure of Trustor to deliver such possession, the Beneficiary shall be entitled to a Receiver <br />for said property that may be appointed by any court of competent jurisdiction. <br />All the covenants herein shall be binding upon the respective heirs, personal <br />representatives, successors, and assigns of the parties hereto. <br />Executed on this IS day of v L, 2024. <br />y <br />LEVI SORGENFREI <br />
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