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88100253
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1988
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88100253
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Last modified
3/9/2007 5:40:59 PM
Creation date
3/9/2007 4:29:09 AM
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DEEDS
Inst Number
88100253
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<br />88_100253 <br /> <br />I <br /> <br />shall constitute a default. The arrangements <br />provided for in this subparagraph are for the <br />added protection of the BENEFICIARY, and <br />entail no responsibili ty on the part of the <br />BENEFICIARY or TRUSTEE. <br /> <br />TRUSTORS covenant and agree that a failure to make any <br />payment, either principal or interest, on the Note secured <br />hereby when due and payable, or a failure to comply with any <br />of the covenants and agreements herein made shall cause the <br />whole sum of money hereby secured to become immediately due <br />and collectible at the option of the BENEFICIARY, and <br />BENEFICIARY shall have the right to cause Notice of Default <br />to be given and the premises to be sold as provided herein. <br /> <br />The parties mutually agree as follows: <br /> <br />A. At any time and from time to time upon written <br />request of BENEFICIARY, payment of fees and <br />presentation of this Deed of Trust and the <br />Note for endorsement (in case of full <br />reconveyance, for cancellation and retention), <br />without affecting the liability of any person <br />for the payment of the indebtedness, TRUSTEE <br />may (a) consent to the making of any map or <br />plat of said property; (b) join in granting <br />any easement or creating any restriction <br />thereon; (c) join in any subordination or <br />other agreement affecting this Deed of Trust <br />or the lien or charge thereof; (d) reconvey, <br />wi thout warranty, all or any part of said <br />property. <br /> <br />B. The grantee in any reconveyance may be <br />described as "the person or persons entitled <br />thereto", and the recitals therein of any <br />matters or facts shall be conclusive proof of <br />the truthfulness thereof. <br /> <br />e. Upon default by TRUSTORS in the payment of <br />indebtedness secured hereby or in the per- <br />formance of any agreement hereunder, <br />BENEFICIARY may declare all sums secured <br />hereby immediately due and payable by delivery <br />to TRUSTEE of written declaration of default. <br />If BENEFICIARY desires said property to be <br />sold, she shall deposi t with TRUSTEE this <br />Deed of Trust and all promi ssory notes and <br />documents evidencing expenditures secured <br />hereby, and shall deliver to TRUSTEE a written <br />Notice of Default and election to cause said <br />property to be sold in the form required by <br />law, which shall be duly filed for record by <br />TRUSTEE. <br /> <br />- 3 - <br /> <br />L <br /> <br />L <br /> <br />L.J <br /> <br />--.J <br /> <br />1;,,-:- <br />, <br />h~~ <br /> <br />:\~: <br />\ <br />f <br />~: <br /> <br />'[Ii <br />{I <br />~,'f, <br />l~~~3 <br /> <br />'..~':.'", <br /> <br />r- <br /> <br />i <br /> <br />-i- <br />:;t <br />f'. <br />~!8 <br /> <br />r/ <br />)00.' <br /> <br />J <br />
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