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<br /> ry � are due under the note until the nate ie paid in ful7. a sum for (f) yearly '
<br /> - ' taxeQ and aeseesmente which may atn�i�n hall be auerinitially in the�eum�of �
<br /> �;r, lien on the prop�rty, which payme
<br /> - $68.72 per manth ax�d adjuetod annually ae neceee�sry, (ii) a eum for payment �.�
<br /> p� ��mcacme�a inour�ncP i.n an amount no� l�o� than the outstanding prxnca.paZ
<br /> ba�.anoe under Che note, the iniCial payment far which ehal�. be due in the �u�a
<br /> of $15.00 por month and ad�usted annually ae noce�r�ary. Theae additional �. ..�,
<br /> ' �� paymen�a are called "eacrow iteme" and ehall be held in a eeparate �ccount by .
<br /> � '' aene�iciary to be expended ix► payment o£ tax aeseeemente and homeownerd
<br /> inouranco as due and payable. Upon fu11 gayment of the note, the excees
<br /> " - � balanc� of �he eecro�a �unc�s on depoait wi�h Aenef.iciary ehall be retu=zc�ed to ; ,
<br /> �� Truetor; (h) that in the e�vent Truator ek�all fail to comply with the :�
<br /> „ proviaione oE (a) through (g) above, xhe Beneficiary may expend Auch funde �.:*.,
<br /> and take �►uch action ae ia rr.eceseary to remedy euch failure and all aums paid :
<br /> by the Beneficiary puxeuanx hereto with intereet a� the rate her.ei.nafter '. ;_;
<br /> ; providecl ohall aonetitute a liE•.�1 upon the Property, ahall be aecured by th�a �,:�-;_'
<br /> Deed of Truet, and ehall be immediately due and repayable to the Beneficiary;
<br /> � � (i) not to aeil the Prope-rty or any portion thereof wzthrnzt the approWal of ��_T`:.
<br /> , •. the Beneficiary in writing; and in tlze event of any sale herein prohibt�ed, ���.
<br /> then the exxtire indebtednesa secured by �his Deed of Truat ahall, at the �--i-
<br /> option o� the Beneficiary, become dtie and payable; (�) that if the Propexty �:�_;:
<br /> � or any part or parcel thereof ehall be taken ax damag�d under the power of . -Yr`
<br /> eminent domain, the award for any Property eo taken or damaged (including �_;:'.`
<br /> sev�ranc� damagea to the remai.ning premisee) shall be paid to the Beneficiary _-;___
<br /> and applied in full or in par.t at the option of the Beneficiaxy in reductinn �_-
<br /> of the indebtedness hereby aecured; (k) that the Beneficiary ahall have the �:__„�;
<br /> right to inapect the Property at euch reaaonable ttmee ae the Beneficiary may r-�:
<br /> � desire to determine Truetor's compliance with the covenante contained i.n thie ��.�:_-
<br /> Deed or •i•ruec; tii i.iia� t ie �=nafi�i.:,' ^'.�j r°-?eaae from the li�n hereof any �::.-:.-
<br /> part or parcel of the Property without requiring any consideration therefor, �;
<br /> and (m) that Truetor ie lawfully seized nf eaid pxemisee and Property in fee v=
<br /> eimple, that ths oame are free from all liens and encumbrancea except at� may `f_.'_
<br /> otherwise be epecifically noted herein or waived in writing by the Beneficia- ��_
<br /> ryj that �ruetor will �xecute or procure any further neceseary assurance� of i3_,..__.
<br /> title aizd doee herei�y warran� generally the title to aaid Property and will —
<br /> forever defend �he same againet the claime and demanda of all persone ��4
<br /> whomeoever, and that Trustor'a eeparate estate, whether vested, contin3ent or
<br /> in expec�ancy, ie hereby conveyed and Trustor does hereby expressly waive,
<br /> releaee all righto and benefits oi any homestead, dower, curteey, appraise-
<br /> ment, exemption and etay laws of thie etate. It ie agreed that the interest
<br /> provided for in subeection (h) above shall be at the same rate ae epecified
<br /> in the Note secured hereby on the principal thereof after default and
<br /> ' maturity.
<br /> •� ES C�ND. In the event Truetor, without the pri�r written consent of
<br /> � Beneficiary, ehall sell, transfer or convey or contract to ae11, tranefer or
<br /> convey the Property, or any part thereof or any inter�et therein, the entire �
<br /> �, balance of the indebtedneBS hereby aecured ehall become and be immediate.ly
<br />- due and payable .at tne option of Ben�ficiary; provided, however, BEneficiary
<br /> � may waive euch option to accelerate if, prior to such eale, tranefer or
<br /> � � conveyance or contract therefor, Beneficiary and the person to whom the
<br /> prop�rty ia to be sold or L-ransferrad reach an agreement in writing that the
<br /> • � credit of euch pereon is eatisfactory to D�neficiary and that the intereet
<br /> •. payable on the sums secured by tkzis Deed of Truet ahall be at such rate ae I
<br />_ Beneficiary �hall request. �
<br /> �� THIRD. That as further security for the paymez�t of the Note and the �
<br /> indebtedness th�r�by evidenced and the performance of all of the terms,
<br /> covenante and conditiona hereo£, Truetor agrees that Beneficiary ahall and •
<br /> doee hereby have the right, pnwer and authori.ty during the continuance af
<br /> thio Deed of Trust to colLect. the z�enta, iseues and profits of the Pro�erty .
<br /> ' � and of any pereonal property locateci thereon with or without zaking
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<br /> and unconditionally asaigns all such rents, isaues and profito to Beneficia-
<br /> . Beneficiary, howevPr, hereby congente r.o Truetor'B co].lection and
<br /> #' retention of auch rents, icasueo and pr.ofita ae they accrue and become payable
<br /> `'. so long ae Truator ia r�ot at �such time in default with respect to payment of
<br /> any indebtednese secured hereby or in trie p�rformance of any aqre�ment
<br /> � hereunder. Upon any auch default, Beneficiary may at any time, either in
<br /> „ � pEreon, by agent, or by receiver to be appointed by a court, without notice
<br /> � and without regard to the adequacy of. any security for the indebtedneas
<br /> : hereby secured fa) enter upon and take poaseseioii �f the Property ar any part
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