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<br /> � `�'��' interest therein, or upon this Deed of Trust or the �1o�e provided, how-
<br /> ._ �• �� �Y r.
<br /> ever, that in the event of any ahange of the law providinq far the taxation
<br /> of deeds af trust or debts �hereby secured so as to affect this Deed of
<br /> - = Trust, the entire indebtedness secured hereby shall at the option of the
<br /> �o;;-y.:�_-'�°" Beneficiary become due and payable= (c) to keep the above-described
<br /> Property and the improvements thereon in good condition and repair and not
<br /> ��,_'""�"� to commit cr suffer waete thereof, and exaept as authorized in any schedule
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<br /> -. annexed hereto and forming a part hereoff (d) to mr�intain and deliver to -- -
<br />,•-�:L,�:�r-°�"'�''%` Heneficiary policiea of insurance againet such hazards on the buildings and
<br /> °�'���''�x==.=�^� improvements now or hereafter located on or constituting a part of the
<br /> _-=-.� ���°•"� ' �• Property as the Beneficiary ahall require, in suah companies and amounts
<br /> =�'��`' � � :t�..i��� . and with auch loas payabla clauses as shall be satisfactory to the Bene-
<br /> y.";,�._�,:',.;;.� � ,��•���'. ficiary= that in the event of loss, Beneficiary is expreasly authorized to
<br /> - settle ar compromise claims under safd policies and the proceeda thereof _
<br /> �-.>�:������-�, shall be paid to the Beneficiary whc may apply the same or any part thereof
<br /> _'�_�!4 ��:�'� '` •.''• on the indebtedness secured hereby or toward the reconstruction or repair �_
<br /> »t��� . �'` of said buildings and improvements or release same to the Trustorf (e) to -,
<br /> a. �. pay any lien, claim or charge against the Property which might take prece- '��
<br /> • . ��� , ' dence over the lien hereofj (f) to pay on demand all legal expenses, title
<br /> �� .
<br /> - aearches, appraisal or attorneys' feee reasonably incurred or paid by
<br /> " � . Beneficiary to collect the Note or foreclose or protect the lien of thie __
<br /> ���.��' , 1 with the
<br /> . ,::. Deed of Trust1 (g) that in the event Trustor shall fail to comp y �
<br />� '���� �� � � ° provisione of (a) through (f) above, the Beneficiary may expend such funde •
<br /> .s� � " and take such action as ia neceasary to remedy such failure and all sums M-
<br />_ —_ � paid by the Beneficiary purauant hereto with intere�at a� the rate herein- ^�-
<br /> �_�.ti -. , F;4:.:
<br /> � . after provided sh�ll constitute a lien upon the Pzoperty, ahall be aeaured -
<br /> ��.,'���• e by this Deed of Trust, and ehall be immediately due and repayable to the
<br /> '� Beneficiaryi (h) not to sell the Property or any portion thereof without
<br /> �� �� f,;�;. o the approval of the Beneficiary in writing= and in tlle event of any sale �
<br /> , � '�� heroin prohibited, then the entire indebtedness secured by this Deed of
<br /> d��' � � Trust shall, at the option of the Beneficiary, become due and payable� (i) �� ��
<br /> ! � .. ' that if the Property or any part or parcel thereof shall be taken or
<br /> ' ` . .� damaged under �he power of eminent domain, the award for any Property so �
<br /> �'. ' � taken or damaged (including severance damages to the remaining premises)
<br /> � shall be paid to the Beneficiary and applied in full or in part at the �
<br /> .. �. " � � option of the Beneficiary in reduction of the indebtedness hereby secured: �_
<br /> �� � (j) that the Beneficiary shall have the right to inspect the Property at
<br /> ' such reasonable times as the Bene£iciary may desire to determi.ne Trustor's �
<br /> � compliance with the covenants contained in this Deed of Trusts (k) that the �-
<br /> � Beneficiary may release from the lien hereof any part or parcel of the
<br /> �;?; �° Property without requiring any consideration therefor, and (1) that Trustor �
<br /> is lawfully seized of said premises and Property in fee simple, that the '¢--
<br /> same are free from all liens And encumbrances except as may otherwise be
<br /> ' . �� .. specifically noted herein or waived in writing by the Beneficiaryt �hat
<br /> � Trustor will execute or procure any £urther necessary assurances of title �
<br /> " � and does hereby warrant generally the title to said Property and will � ,
<br /> " . ' ;, forever defend the eame againat the claims and demands of all persons ,
<br /> whomsoever, and that Trustvr's separate estate, whether vested, contingent 4• .�
<br /> .� or in expectancy, is hereby conveyed and Trustor does hereby expressly f
<br /> waive, release all riqhts and benefits of any homestead, dower, curtesy,
<br /> � � appraisement, exemption and stay laws of this state. It is agreed that the ;
<br /> � � interest provided for in subsection (g) above shall be at the same rate as .
<br /> , specified in the Note secured hereby on the principal thereof after default i
<br /> and maturity. �
<br /> � SECOND: In the event Trustor, without the prior written consent of
<br /> � Benef c ary shall sell, transfer or convey or contract to sell, transfer or ;
<br /> . � convey the Property, or any part thereof or any intierest therein, the '
<br /> ' entire balance of the indebtedness hereby secured shall become and be
<br /> ' immediately due and payable at the option of Beneficiary; provided, now-
<br /> � Qver, Beneficiary may waive such option to accelerate i£, prior to such
<br /> • sale, transfer or conveyance or contract therefor, Beneficiary and the
<br /> � � person to whom the property is to be svld or transferred reach an agreement
<br /> in writing that the credit of sueh person is satisfactory to Beneficiary
<br /> and that the interest payable on the sums secured by thi.s Deed of Trust
<br /> shall be at such rate as Beneficiary shall request.
<br /> THIRD: As further security for the payment of the Note and the
<br /> indebtedness thereby evidenced and the performance of all of the terms,
<br /> covenants and conditions hereof, Trustor agrees that Beneficiary sliall and
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