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: QUI 11 485 4. The Borrower shall keep the Property ih gotid rap ut at-all riot commit weate U.' permit impairment or deterioration of the Prcf:~- 5. If the Borrower fails to: (a) maintain or pay the premiums for the required insurn►toe of the Property, or (b) pay taxes before delinquent, or Ic) pay any amount duo under a prior mortgage or trust deed before delinquent, or (d) maintain the Property in good repair, or (a) parfann any of the covenants or agreements of this Trust Deed, then the Lander may, at its option, pay such insurance premiums, taxes, mortgage or tn-st deed payments, or make repairs and disburse such sums and take such action as It deems necessary to protect its interest without waiving ~r affecting its right to declare or,-, tfaull and accelerate the debt secured hereby because of any such failure of the Borrovt at. Ar.7 mounts so disbursed by the Lander shall c; tastituto additional indebtedness of the Borrower secured by this Trust Deed and shall beti: into, :et from Coe date of disbursement at the rate payaiale under the Note. Nothing contained In this paragraph shall require the Lander to :Aakv Lrty such disbursements or take any action whatsoever. Z. The Lender may make or cause to he made reasonable entries upon and inspection of the Property. 7. The proceeds of any award or claim for damages, ::'-act or consequential, in connection with any condemnation or other taking of the Property, or pert thereof, or for conveyance in lieu o, :ondemnation, are hereby assigned and shall be paid to the Lander to the extent of the full amount of the remaining unpaid indebtedness secured by this Trust Deed. If the Property is abandoned by the Borrower, or, If after notice by the Lender to th.- Borrower that the condemnor offers to make an awera ar settle a claim for damages, the Borrower fails to respond to tits Lender within 30 days after the date such notice is mailed, the Lender Is authorized to collect and apply the proceeds to the sums secured by this Trust Deed. Condemnation proceeds or awards shnil be credited to the last maturing installments of the indebtair+note sec:l-aci and shall not extend or postpone the due date of the Installments referred to in paragraph 1 hereof or change the amount of such 41stalWnants. 3. If the Lender issues a partial release of this Trust Deed, the proceeds received therefor shall be credited to the last maturing installments of the indebtedness secured hereby, 9. If the Lender either voluntarily or involuntarily becomes a poorly to any suit or legal proceeding relating to the Property. Note or this Trust Deed, then the Borrower will reimburse the Lender for all costs and, to the extent permitted by low, reasonable attorneys' fees incurred by the Lender ra!ating to such suit or legal proceodings and said sums shall eonetitute additional indebtedness secured by this Trust Deed and bear interest at the rate payable under the Note, until paid, 10. As additional security, the Borrower does hereby assign, transfer and set over to the Lender, In case of default In ilia performance of any of the iterms or conditions of this Trust Dead, the Note or the terms of any Indebtedness secured hereby, all of the rants, revenues and any income of any type whatsoever tc be derived frost the Property, including land contract payments. The Lander, in person, by agent or by receiver, without regard to the solvency or insolvency of the Borrower or the itaiue of the Property, shell be entitled to take possession of, repair, rent and manage the Property and 'o collect the rents, revenues and income therefrom and it may nay out of said income all expanses of repair and costs incurred in renting and managing the Property and collecting rents and for payment of insurance premiume with any remaining balance to be applied to the 183t maturing payments of the debt secured hereby. Upon presenting a copy of this Trust Dead and demand to any lessee, tenant or contract purchaser of the Property, such person shall pay all rents, payments and profits accrued or thereafter accruing to the Lender until further notice from the Lender. 11, If all or any part of the Proport•r or any interest therein is deeded, solely by land contract or otherwise conveyed, alienated or further encumbered either voluntarily or involuntarily without the Lender's prior written consent, excluding (a) a transfer by operation of law upon the dee.th of a joint tenant or (b) the grant of any leasehold interest not containing an option to purchase with a lease term of two years or less, or (c) the creation of the purchase money security interest in household appilances, then tho Lander may, at Its option, declare oil sums secured by this Trust Deed to be immediately due and payable. 12. Upon the Borrower'c breach of any covenant or agreement of the Borrower in this Trust Doied, including the covenants to pay when due any sums secured by this Trust Deed, the Lender, of its option, may declare all of the sums cecured by this Trust Dead to be Immediately due and payable without further demand and may Invoke the power of sale and/or any other remedies permitted by applicabla law including the right to foreclose this Trust Deed in the manner provided by law for the foreclosure of mortgages on real estate. The Lander shall be entitled to collect all reasonable costs and expenses irwurred in pursuing such remedies including, but not limited to, and to the extent permitted by low, reasonable attorneys' fees. If the power of sale is invoked, the trustee shall record a notice of default in each county in which the Property or some part thereof is located and provide notice thereof in the manner prescribed by applicable law. After the lapse of such time ae may be required by applicable law, the Trustee shell give public notice of sale to the persons and in the mnnnor prescribed by applicable law. The Trustee, or the attorney for the Trustee, without demand on the Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and In such order as the Trustee may detarmine. The Trustee may postpone sale of all or any parcel of the Property by public ennounaement at the tiros and place of any previously scheduled sale. The Lender or the Lender's designee may purchase the Property at any sale. Upon receipt of payment of the price bid, the Trustee shell deliver to the purchaser a Trustee's Deed, without warranty, conveying the Property said. The recitalc in the Trustee's Deed shall be prima facto evidon,7o of the truth of the at'atements made therein. The Trustee shell apply the proceeds of the sale In ?he following order: (a) to all reasonable i~oste and expenses of the sale, Including, but not limited to, the Trustee's fees of not more than $500.00 plus .5% of the amount secured hereby and remaining unpaid, and cost,!- of title evidence; (b) to all sums secured Li this Trust Deed; urid (c) the excess, if any, to the person or persons legally entitled therstr. 13. Any forbearance by the Lender in exercising any rig:it or remedy hereunder, or otherwise afforded by :?i sale law, shall not be a waiver of or preclude the exercise of any such right or remedy in the event of continuing or future breacher iry ~.,r 6,.:rows,% 14, All remedies provided in this Trust Deed are distinct and eumu:ative to any other right or remsay utaaer this Trust Dead or afforded by law or equity, and may be exorcised ,oneurrently, ind,pandently or sueeeaivsly, 15, Upon payment of all Bums securod by this Trust Deed, the Lander shall request the trustee to raconvcy the Property and shall surrender this Trust Deed and all nuns evidencing Indebtedness secured by this Truitt Do,sd to the Trustee. The Trustee shell reconvey the Property without wa, ranty to the person or persons legally antltInd thereto. Such person or persons shall pay sit costa of recordation, if env. 16. The Londe,, at the Lender's option, may from time to time remove the Trustee and appoint a successor Trustee to any Trustee appointed hereunder by an Instrument recorded in the county In which this Trust Deed Is recorded, Without conveyance of the Property, the successor Trustee shall cuccaet; to all title, power and duties conferred upon the Truiste• herein and by applicable law. 17. Except for any notlcos, demanda, requests or other communications required under applicable law to be given In smother manner, whenever the Lander, the Borrower or the Trustee gives or serves any notice (including, without limitation, notice of default and notice ei sale), dorr+r?nd!o, roquesto or other communication with resneet to this Trust Deed, each ouch notice, demand, request or otha: communication shall rte in writing and shall be offeclive only it the Dame Is delivered by personal service or mailed by certified mail, postatle prepaid, return receipt r-luee;od, oddroased to the addresa sat forth at the beginning of this Tqust Deed. A oopy of any notlaa of dsfcu;t, any notice of sale, required or perri.itind to bo given hereunder, shall be mailed to each person who, Is a party hereto at the address set forth at the beginning of this Trust Dnnd, Any party may t.t any done rhnntle Its address for such notices by delivering or mailing to the other parties thereto, as aforesaid, a notice ref such r:hnnga. Any notice horeunder shall be doomed to have bean given to the Borrower or the Lander, when given In the manner dD:rigna'ied herein, tF3, TRn covermon nrw! npreornnnts heroin contained shall bind, an,1 the rights hereunder shall Inure to the respective heirs, personal ropremnntwiviju, succassors ($no exvignn of the parties, All covenants and agreements of the Borrower shall be ioint and several. Whenever rofnrnr,(:o is rnnde to rho singular horeuridar, It shat) clods the plural end the plural shall Include the singular.