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200315697
<br />1. This conveyance is made upon and subject to the further trust that the said Trustor shall remain
<br />in quiet and peaceable possession of the above granted and described premises and take the profits thereof to his
<br />own use until the default be made in any payment of an installment due on said note or in the performance of
<br />any of the covenants or conditions contained therein or in this Deed of Trust; and, also to secure the
<br />reimbursement of the Beneficiary or any other holder of said note, the Trustee or any substitute trustee of any
<br />and all costs and expenses incurred, including reasonable attorney's fees on account of any litigation which may
<br />arise with respect to this Trust or with respect to the indebtedness evidenced by said note, the protection and
<br />maintenance of the property hereinabove described or in obtaining possession of said property after any sale
<br />which may be made as hereinafter provided.
<br />2. Upon the full payment of the indebtedness evidenced by said note and the interest thereon, the
<br />payment of all other sums herein provided for, the repayment of all monies advanced or expended pursuant to
<br />said note or this instrument, and upon the payment of all other proper costs, charges, commissions, and
<br />expenses, the above - described property shall be released and reconveyed to and at the cost of the Trustor.
<br />3. Upon default in any of the covenants or conditions of this instrument or of the note or loan
<br />agreement secured hereby, the Beneficiary or his assigns may without notice and without regard to the
<br />adequacy of security for the indebtedness secured, either personally or by attorney or agent without bringing
<br />any action or proceeding, or by a receiver to be appointed by the court, enter upon and take possession of said
<br />property or any part thereof, and do any acts which Beneficiary deems proper to protect the security hereof, and
<br />either with or without taking possession of said property, collect and receive the rents, royalties, issues, and
<br />profits thereof, including rents accrued and unpaid, and apply the same, less costs of operation and collection,
<br />upon the indebtedness secured by this Deed of Trust, said rents, royalties, issues, and profits being hereby
<br />assigned to the Beneficiary as further security for the payment of such indebtedness. Exercise of rights under
<br />this paragraph shall not cure or waive any default or notice of default hereunder or invalidate any act done
<br />pursuant to such notice but shall be cumulative to any right and remedy to declare a default and cause notice of
<br />default to be recorded as hereinafter provided, and cumulative to any other right and /or remedy hereunder, or
<br />provided by law, and may be exercised concurrently or independently. Expenses incurred by Beneficiary
<br />hereunder including reasonable attorney's fees shall be secured hereby.
<br />4. The Trustor covenants and agrees that if he shall fail to pay said indebtedness, or any part
<br />thereof, when due, or shall fail to perform any covenant or agreement of this instrument or of the promissory
<br />note secured hereby, the entire indebtedness hereby secured shall immediately become due, payable, and
<br />collectible at the option of the Beneficiary or assigns, regardless of maturity, and the Beneficiary or assigns may
<br />enter upon said property and collect the rents and profits thereof. Upon such default in payment or
<br />performance, and before or after such entry, the Trustee, acting in the execution of this Trust after the notice of
<br />default has been recorded, shall mail a copy of the default to each person who is a party to this instrument, at the
<br />address set out in this instrument, as well as to any person who has requested any notice of default and notice of
<br />sale by recording said request for notice with the register of deeds in the county in which this instrument is
<br />recorded, and after the lapse of time which is required by law after mailing the notice, the Trustee shall have the
<br />power to sell said property, and it shall be the Trustee's duty to sell said property in case of any default of any
<br />purchaser, to resell at public auction, to the highest bidder. The Trustee shall first give five weeks' notice of the
<br />time, terms, and place of such sale, by advertisement not less than once during each of said five weeks in a
<br />newspaper published or distributed in the county or political subdivision in which said property is situated and
<br />written notice of sale shall be mailed to each person who is a party to this instrument at the address set forth
<br />herein (and the Beneficiary or any person on behalf of the Beneficiary may bid and purchase at such sale).
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