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8i':~.li86699 fl. He wID DOC nIlI or IIIiJn III' put of Ihe ftIIl or old properl' or demolish, remove, or IUblWltIaI1y alter III' bullclJlII wiIhoUI lbI wrillaa co_ or lbe Bcaelklary, t. III .... -' ... Trusto't.a. 10 pa, aay 'odaaI, _.. or local ... _I, IDcoma taa or adlII' ... Ilea, chup, t.. at otlIcr Illpclllll charpd 10 tbt propcrtJ .....bow dac:ct\Iod, ... .....1\cIuJ II bcreby autllodaallO pa, lbe _ ud III' sum 10 pald b, tbt .....lIclaq aIlaIl be .......10 and bccomo a pan or lilt prlaclpaI UlIOUnl or tbc IDdebc.s- fOIdeaced \If said prlIlIIIuoIJ _. .f lbe TtuStor abaIl pay IIId dIocIlarp tbc IDdcbhdDal evIcIaaccd \If said ~ aote, and IIIaII paJ IllCllIUIlII aDd lIIaD.~ aD taaa and IIcIIIIIId tbc COllI, fea, aDd CllJlClllCl or 1IIaIWII,llIIorc:iD& aDd eucullDllllll Deed orTl1III, then, upon written request of Beneficiary and the surrender of the Deed of Trust and the note to the Trustee, the Trustee shall, after payment by Trustor of the Trustee' s fees. reeonvey the property to the T't'ustor, or to the person or persons legally entitled thereto. 10. The Trustor covenants that. he is lawfully seized and possessed of and has the right to sell and convey said property; that the same is free from all encumbrances except liens and encumbrances now of record i and that he hereby binds himself and his successors in interest to wat'rant and defend the title aforesaid thereto and every part thereof against the lawful claims of all persons whomsoever. 1 I. For betler ICC1IritJ or tbc iDdcbledDao bcreb, accured tbc Trustor, upoa tbc requal of lbc IIalefJCiary, ill 11IC- cason or usillll, IIIaJJ CllCCUle and denver llUpplemealal mortpae or mortPles co.erin. lilY additloDl, improvcmClllS, or bcUermaWI made 10 lbc propeny hmiDabove dacribed and all propen, llXluired Ifler lbc cIate bcreof (all ill rOIm IOIiorllClOry 10 Granlee). Funbermore, should T=tor rail 10 cure any derault iD lbe paymCllI or a prior or ilIfaior eIlCIIJDo braDCC 011 tbc pro;>erty dacn"bed \If lIIlI iJloUwDenl, Tnf'l"r bereby apea 10 permillleDefJCiary to cure ouch deraull, bU11lene1lciary is DOC oblipled to do 10; and ouch ad.1IICeI abaU become pan or tbc iDdebtedoao secured by Ibis iusnuo m...., oubject 10 IIIe same tamI and COIIdI~. 12. Tbal aU awards or damaaes ill COIIlICCIioD wilb aDY condemnation ror pubtic IISC of or ilIiury to UlJ or said prop- my at bereby assiped and IbaU be paicllo JlaIeficiary, who may apply lbe same 10 paymenl of tbc insWlments .... due 1IIIlIer said DOlC, and lbc Ilendiciary is baeby aulhorizelI, in lilt name or lbc TNstor 10 aecute and cIeIi_ .aIicI acquinaDl:a lbenor and 10 appaJ r.- UlJ IUCb award. 13. The irrevocable right to appoint a substitute Trustee or Trustees is hereby expressly granted to the Beneficiary. his successors or assigns. to be exercised at any time hereafter without specifying any reason therefor. by filing for record in the office where this instrument is recorded a substitution of Trustee. Prior to recording the substitution of TrusteeJ a copy of the instrument of the substitution of the successor Trustee shall be mailed to the Trustor and all persons who have requested notice of default and notice of sale by filing such request with the office of register of deeds where this Deed of Trust is recorded. 14. If more than one person joins in the execution of this instrument as Trustor. or if anyone so joined be of the feminine sex. the pronouns and relative words used herein shall be read as if written in the plural or feminine, respectivelYJ and the term "Benefi<;iary" shall include any payee of the indebtedness hereby secured or any assignee or tr!UlSferee thereof whether by operation of law or otherwise a The covenants herein contained shall bind and the rights herein granted or conveyed shall inure to the respective heIrs. executors. administrat::l,[,s successors. .lnd assigns of the parties hen-to_ 15. In compliance with section lOl.l(d) of the Rules and Regulations of the Small Business Administration (13 C.F.R. l01.1(d)). this instrument is to be construed and enforced in accordance with applicable Federal Law. 16. A judicial decreeJ order. or judgment holding any provision or portion of t.his ins trument invalid or unenforceable shall not in any way impai r or preclude the enforcement. of the remaining provisions or par tions of this ins t rllment. -4-