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99112092
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Last modified
3/13/2012 8:31:42 PM
Creation date
10/21/2005 1:50:28 AM
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DEEDS
Inst Number
99112092
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99 112092 <br /> of the Property, for any loss or damage unless due to reckless or willful misconduct, and shall not <br /> be required to take any action in connection with the enforcement of this Deed of Trust unless <br /> indemnified, in writing, for all costs, compensation or expenses which may be associated therewith. <br /> In addition, Trustee may become a purchaser at any sale of the Property (judicial or under the <br /> power of sale granted herein);postpone the sale of all or any portion of the Property, as provided by <br /> law; or sell the property as a whole, or in separate parcels or lots at Trustee's discretion. <br /> 14. Fees and Exnenses. In the event Trustee sells the Property by exercise of <br /> power of sale, Trustee shall be entitled to apply any sale proceeds first to payment of all costs and <br /> expenses of exercising power of sale, including all Trustee's fees, and Lender's and Trustee's <br /> attorney's fees, actually incurred to extent pernutted by applicable law. In the event Borrower or <br /> Trustor exercises any right provided by law to cure an Event of Default, Lender shall be entitled to <br /> recover from Trustor all costs and expenses actually incurred as a result of Trustor's default, <br /> including without limitation all Trustee's and attorney's fees, to the extent permitted by applicable <br /> law. <br /> 15. Future Advances. Upon request of Borrower, Lender may, at its option, <br /> make additional and future advances and readvances to Borrower. Such advances and readvances, <br /> with interest thereon, shall be secured by this Deed of Trust. At no time shall the principal amount <br /> of the indebtedness secured by this Deed of Trust, not including sums advanced to protect the ��,�C <br /> security of this Deed of Trust, exceed the original principal amount stated herein, or $ �f ` ,C�7 ��C <br /> whichever is greater. ✓� � <br /> 16. Miscellaneous Provisions. <br /> (a) Borrower Not Released. Extension of the time for payment or <br /> modification of amortization of the sums secured by this Deed of Trust granted by Lender to <br /> any successor in interest of Borrower shall not operate to release, in any manner, the <br /> liability of the original Borrower and Borrower's successors in interest. Lender shall not be <br /> required to commence proceedings against such successor or refuse to extend time for <br /> payrnent or otherwise modify amortization of the sums secured by this Deed of Trust by <br /> reason of any demands made by the original Borrower and Borrower's successors in interest. <br /> (b) Lender's Powers. Without affecting the liability of any other person liable <br /> for the payment of any obligation herein mentioned, and without affecting the lien or charge <br /> of this Deed of Trust upon any portion of the Property not then or theretofore released as <br /> security for the full amount of all unpaid obligations, Lender may, from time to time and <br /> without notice (i) release any person so liable, (ii) extend the maturity or alter any of the <br /> terms of any such obligations, (iii) grant other indulgences, (iv) release or reconvey, or <br /> cause to be released or reconveyed at any time at Lender's option any parcel, portion or all <br /> of the Property, (v)take or release any other or additional security for any obligation herein <br /> mentioned, or (vi) make compositions or other arrangements with debtors in relation <br /> thereto. <br /> (c) Forbearance bv Lender Not a Waiver. Any forbearance by Lender in <br /> exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not <br /> be a waiver of or preclude the exercise of any such right or remedy. The procurement of <br /> 6 <br />
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