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200411760 <br />buildings and improvements or release same to the Trustor; (e) to pay any lien, claim or charge against <br />the Property which might take precedence over the lien hereof, (f) to pay on demand all legal expenses, <br />title searches, appraisal or attorneys' fees reasonably incurred or paid by Beneficiary to collect the Note <br />or foreclose or protect the lien of this Deed of Trust; (g) that in the event Trustor shall fail to comply <br />with the provisions of (a) through (f) above, the Beneficiary may expend such funds and take such action <br />as is necessary to remedy such failure and all sums paid by the Beneficiary pursuant hereto with interest <br />at the rate hereinafter provided shall constitute a lien upon the Property, shall be secured by this Deed of <br />Trust, and shall be immediately due and repayable to the Beneficiary; (h) not to sell the Property or any <br />portion thereof without the approval of the Beneficiary in writing; and in the event of any sale herein <br />prohibited, then the entire indebtedness secured by this Deed of Trust shall, at the option of the <br />Beneficiary, become due and payable; (I) that if the Property or any part or parcel thereof shall be taken <br />or damaged under the power of eminent domain, the award for any Property so taken or damaged <br />(including severance damages to the remaining premises) shall be paid to the Beneficiary and applied in <br />full or in part at the option of the Beneficiary in reduction of the indebtedness hereby secured; 0.)that the <br />Beneficiary shall have the right to inspect the Property at such reasonable times as the Beneficiary may <br />desire to determine Trustor's compliance with the covenants contained in this Deed of Trust; (k) that the <br />Beneficiary may release from the lien hereof any part or parcel of the Property without requiring any <br />consideration therefor, and (1.) that Trustor is lawfully seized of said premises and Property in fee simple, <br />that the same are free from all liens and encumbrances except as may otherwise be specifically noted <br />herein or waived in writing by the Beneficiary; that Trustor will execute or procure any further necessary <br />assurances of title and does hereby warrant generally the title to said Property and will forever defend the <br />same against the claims and demands of all persons whomsoever, and that Trustor's separate estate, <br />whether vested, contingent or in expectancy, is hereby conveyed and Trustor does hereby expressly <br />waive, release all rights and benefits of any homestead, dower, courtesy, appraisement, exemption and <br />stay laws of this state. It is agreed that the interest provided for in subsection (g) above shall be at the <br />same rate as specified in the Note secured hereby on the principal thereof after default and maturity. <br />SECOND. In the event Trustor, without the prior written consent of Beneficiary, shall sell, <br />transfer or convey or contract to sell, transfer or convey the Property, or any part thereof or any interest <br />therein, the entire balance of the indebtedness hereby secured shall become and be immediately due and <br />payable at the option of Beneficiary; provided, however, Beneficiary may waive such option to accelerate <br />if, prior to such sale, transfer or conveyance or contract therefor, Beneficiary and the person to whom the <br />property is to be sold or transferred reach an agreement in writing that the credit of such person is <br />satisfactory to Beneficiary and that the interest payable on the sums secured by this Deed of Trust shall <br />be at such rate as Beneficiary shall request. <br />THIRD. That as further security for the payment of the Note and the indebtedness thereby <br />evidenced and the performance of all of the terms, covenants and conditions hereof, Trustor agrees that <br />Beneficiary shall and does hereby have the right, power and authority during the continuance of this <br />Deed of Trust to collect the rents, issues and profits of the Property and of any personal property located <br />thereon with or without taking possession of the property affected thereby; and Trustor hereby absolutely <br />and unconditionally assigns all such rents, issues and profits to Beneficiary. Beneficiary, however, <br />hereby consents to Trustor's collection and retention of such rents, issues and profits as they accrue and <br />become payable so long as Trustor is not at such time in default with respect to payment of any <br />indebtedness secured hereby or in the performance of any agreement hereunder. Upon any such default, <br />Beneficiary may at any time, either in person, by agent, or by receiver to be appointed by a court, without <br />notice and without regard to the adequacy of any security for the indebtedness hereby secured (a) enter <br />