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202501810
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Last modified
4/10/2025 3:50:10 PM
Creation date
4/10/2025 3:48:40 PM
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DEEDS
Inst Number
202501810
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202501810 <br />SECOND: In the event Trustor, without the prior written consent of Beneficiary shall <br />sell, transfer or conveyor contract to sell, transfer or convey the Property, or any part thereof or <br />any interest therein, the entire balance of the indebtedness hereby secured shall become and be <br />immediately due and payable at the option of Beneficiary. provided, however, Beneficiary may <br />waive such option to accelerate if, prior to such sale, transfer or conveyance or contract therefor, <br />Beneficiary and the person to whom the property is to be sold or transferred reach an agreement <br />in writing that the credit of such person is satisfactory to Beneficiary and that the interest payable <br />on the sums secured by this Deed of Trust shall be at such rate as Beneficiary shall request. <br />THIRD: That as further security for the payment of the Note and the indebtedness <br />thereby evidenced and the performance of all of the terms, covenants and conditions hereof, <br />Trustor agrees that Beneficiary shall and does hereby have the right, power and authority during <br />the continuance of this Deed of Trust to collect the rents, issues and profits of the Property and of <br />any personal property located thereon with or without taking possession of the property affected <br />thereby; and Trustor hereby absolutely and unconditionally assigns all such rents, issues and <br />profits to Beneficiary. Beneficiary, however hereby consents to Trustor's collection and retention <br />of such rents, issues and profits as they accrue and become payable so long as Trustor is not at <br />such time in default with respect to payment of any indebtedness secured hereby or in. the <br />performance of any agreement hereunder. Upon any such default, Beneficiary may at any time, <br />either in person, by agent, or by receiver to be appointed by a court without notice and without <br />regard to the adequacy of any security The indebtedness hereby secured (a) enter upon and take <br />possession of the Property or any part thereof and in its own name sue for or otherwise collect <br />such rents, issues and profits, including those past due and unpaid, and apply The same, less <br />costs and expenses of operation and collection, including reasonable attorney fees, upon any <br />indebtedness secured hereby and in such order as Beneficiary may determine; (b) lease the same <br />or any part thereof for such rental, term and upon such conditions as Beneficiary's judgment may <br />dictate or terminate or adjust the terms and conditions, of any existing lease or leases. Unless <br />Trustor and Beneficiary agree otherwise in writing and any application of rents, issues or profits <br />to any indebtedness secured hereby shall not extend or postpone the due date of the installment <br />payments as provided in the Note or change the amount of such installments. The entering upon <br />and taking possession of the Property, the collection of such rents, issues and profits, and the <br />application thereof as aforesaid, shall not waive or cure any default or notice of default <br />hereunder, or invalidate any act done pursuant to such notice. Trustor assigns to Beneficiary, as <br />further security for the performance of the indebtedness and obligations secured hereby, all <br />prepaid rents and all moneys which may have been or may hereafter be deposited with Trustor <br />by any lessee of the Property, to secure the payment of any rent or damages, and upon default in <br />
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