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<br />88- 105847
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<br />the indebtedness then or thereafter secured hereby, or the
<br />rights or powers of the Beneficiary or the Trustee with respect
<br />to the remainder of such property, Trustee may (a) reconvey any
<br />part of such property, (b) consent to the making of any map or
<br />plat thereof, (c) join in granting any easement thereon, or (d)
<br />join in any extension agreement or any agreement subordinating
<br />the lien or charge hereto.
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<br />12. Full Reconveyance: That, upon written request of
<br />Beneficiary stating that all sums secured hereby have been paid,
<br />Trustee shall reconvey, without warranty, the property then held
<br />hereunder. The recitals in such reconveyance of any matters of
<br />fact shall be conclusive proof of the truthfulness thereof. The
<br />grantee in such reconveyance may be designated as "the person or
<br />persons legally entitled thereto." Such request and
<br />reconveyance shall operate as a reassignment of the rents,
<br />income, issues and profits hereinbefore assigned to Beneficiary.
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<br />13. Riqht to Collect and Receive Rents and Profits:
<br />Notwithstanding any other provisions hereof, Beneficiary hereby
<br />grants permission to Trustor to collect and retain the rents,
<br />income, issues and profits of such property as they become due
<br />and payable, but reserves the right to revoke such permission at
<br />any time by notice in writing to Trustor, mailed to Trustor at
<br />his last known address. In any event, such permission to
<br />Trustor automatically shall be revoked upon default by Trustor
<br />in payment of indebtedness secured hereby or in the performance
<br />of any agreement hereunder, or upon the happening of an event of
<br />default, as defined in the Promissory Note secured hereby.
<br />Provided no event of default, as defined in the Promissory Nate
<br />secured hereby, has occurred and is continuing, and no act or
<br />omission has occurred which with notice or the passage of time
<br />or both would constitute such an event of default, then if any
<br />of the foregoing are collected and retained by Beneficiary,
<br />Beneficiary will promptly pay over to Trustor any amount thereof
<br />which exceeds the amount of any security for the indebtedness
<br />secured hereby, enter upon and take possession of such property,
<br />or any part thereof, make r cancel, enforce or modify leases:
<br />obtain and eject tenants, set or modify rents, in it own name
<br />sue or otherwise collect the rents, income, issues and profits
<br />thereof, including those past due and unpaid, and apply the
<br />same, less costs and expenses of operation and collection,
<br />including reasonable attorney's fees, upon any indebtedness
<br />secured hereby and in such order as Beneficiary may determine,
<br />and except for such application, Beneficiary shall not be liable
<br />to any person for the collection or noncollection of any rents,
<br />income, issues or profits, for the failure to assert or enforce
<br />any of the foregoing rights, nor shall Beneficiary be charged
<br />with any of the duties and obligation of a mortgagee in
<br />possession. The entering upon and taking possession of such
<br />property, the collection of such rents, income, issues or
<br />profits, the doing of other acts herein authorized, and the
<br />application thereof as aforesaid, shall not cure or waive any
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