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deZinquency all taxes, assessments �; ::� �ther c�rge��p8�e�by law <br /> upon the Property, the Trustor't� ; -�rest therein, or upon this <br /> Deed of Trust or the ��=�+�e; provided,. i���,..�=v�r, that in the �vent of <br /> any cl:ange af the la� ��.rovic�ing for �the taxatxon of deed:� of trust <br /> or debts thereby sQCt. ,�:d sa as to affect this Deed of Trust., the <br /> entire inde�btedness �ecur�3 hereby sha�l afi the option of the <br /> Beneficiary become due and payable; (c) �to•keep the above-descri- <br /> bed Property and th� amprovsments thereon "in qood condition and <br /> r�pair and not to comr��.t or suffer waete thereof, and �xcept as <br /> authorized in any schedule annexed hereto and forating a part <br /> hereof; (d) to maintain and deliver to BenefiGiary policies of <br /> insurance against such hazards an the build.ings and improvements <br /> r�ow or hereafter lacated on or constituting a part of the Propert�r • <br /> as the Beneficiary shall require, in sixch companies and 8I110L*_?}� ar.u. <br /> with such loss payable clauses as shall be satisfactor� to the <br /> Beneficiary; that a.n the event of loss, Beneficiary is expressly <br /> authorized to settle or compromise claiuns under said policies and <br /> the proceeds thereof shall be paid to the Beneficiary who may apply <br /> the same or any part thereof on the indebtedness secured hereby or � <br /> toward the reconstruction or repair ot said buildings and improve- <br /> ments or release same ta the Trustor; (e) to pay any lien, claim <br /> or charge against the Property which znight take precedence over ti�e <br /> lien hereof; (fj to pay on demand all legal expenses, title <br /> searches, appraisal or attorney's fees reasonably incurred or paid <br /> by Beneficiary to collect the Note or foreclose or protect the lien <br /> of this Deed of Trust; (g) that in the event Trustar shall fail to <br /> comply with the provisions of (a) th�rough (f) above, the Benefici= <br /> ary may expend auch funds and talse such action as i.s necessary to <br /> remedy such failure and all sums paid by the Beneficiary pursuant � <br /> hereto with iraterest at the rate h�reinaftey provided shall <br /> constitute a lien upon the Property, shall be secured by this Deed <br /> of Trust, and shall be immE�diately due and rep�ayable to the <br /> Beneficiar,�; (h) not to sell the Property ot any portion thereof <br /> without the apprcval of the Beneficiary in writing; and in the <br /> event of any sale herein prohibited, then the entire indebtedness <br /> secured by this Deed of Trust shall, at the option of the Benefici- <br /> ary, become due and payable; (i} that if the Property or any part <br /> or parcel thereof shall be taken or damaged under the power of <br /> eminent domain, the awa�d for any Property so �aken or damaged <br /> (including severance damages to the remaining premises) shall be <br /> paid to the Beneficiary and applxed in full or in part at the <br /> option of the Beneficiary i.n reduction of the indebtedness hereby <br /> secured; (j) that the Beneficiary sha11 have the right to inspect <br /> the Property at auch reasonable ti.mes as the Beneficiary may desire <br /> t� determine Trustor's compliance with the co�renants contained in <br /> this Deed of Trust; (k� that the Beneficiary may release from the <br /> lien k�ereof any part or parcel of the Property without requiring <br /> 3ny consideration therefor, and (1) that Trustor is lawfully seized <br /> of said premises and Proper�y in fee simple, that the same are free <br /> from all liens and encumbrances excegt as may otherwise be specifi- <br /> cally noted herein or waived in writing by the Heneficiary; that <br /> Trustor will execute or pracure any further necessary assu�a�ces of <br /> title and does hereby war�:ant generally �he title to said Property <br /> forever defend the same against the claims and demanda of all <br /> persons whomsoe�er, and that Trustor'a separate estate, whethe= <br /> vested, conting�nt or in expectancy, is hereby conveyed and Trustor <br /> does hereby expresaly waive, release all ri.ghta and benefits of any <br /> hamestead, dower, �urtesy, appraisement, exemption and stay laws of <br /> this state. It is �igreed that the interest provided for in <br /> subsection (g) above shall be at the same rate as specified in the <br /> Note secuxed hpreby on the principal thereof after default and <br /> maturity. <br /> SECOND: In the event Trustor, witho�xt the prior written <br /> consent of Beneficia.=y shall sell, trsnsfer or c�nvey or contract <br /> to sell, transfer or convey the Property, or any part thereof or <br /> anv interest therein, the entire balance of the indebtedness hereby <br /> secured shall become and be immediately due and payable at tho <br /> option of Benefi.ci.ary; pravided, however, Heneficiary may waive <br /> such option to accelerate if, prior to euch sale, tranafer or <br /> conveyance or cnntr.act therefor, Beneficiary and the person to whom <br /> the property is t�o be sold or transferred reach an agreement in <br /> � . <br />