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<br />Beneficiary or the legal holder of said promissory note on
<br />account of the indebtedness evidenced thereby.
<br />(e) Whenever used herein, the singular number shall include
<br />the plural, the plural, the singular, the use of any
<br />gender shall be applicable to all genders, and the term
<br />"Beneficiary" shall include any payee of the indebtedness
<br />hereby secured or any transfer thereof, whether by
<br />operation of law or otherwise.
<br />20. Successor Trustee. Beneficiary may from time to time
<br />substitute a successor or successors to any Trustee named
<br />herein, or acting hereunder to execute this Trust Deed. Upon
<br />such appointment and without conveyance to the successor Trus-
<br />tee, the latter shall be vested with all title, powers, and
<br />duties conferred upon any Trustee herein named or acting here-
<br />under. Each such appointment and substitution shall be made by
<br />written instrument by Beneficiary, containing reference to this
<br />Trust Deed and its place of record, which when recorded in the
<br />office of the Register of Deeds of the county or counties in
<br />which said property is situated shall be conclusive proof of
<br />proper appointment of the successor Trustee. The foregoing
<br />power of substitution and the procedure therefore shall not be
<br />exclusive of the power and procedure provided for by law for
<br />the substitution of a Trustee or Trustees in the place of the
<br />Trustee.
<br />21. Forebearance by Beneficiary or Trustee Not a Waiver. Any
<br />forebearance by Beneficiary or Trustee in exercising any right
<br />or remedy hereunder, or otherwise afforded by applicable law,
<br />shall not be a waiver of or preclude the exercise of any right
<br />or remedy hereunder. Likewise, the waiver by Beneficiary or
<br />Trustee of any default of Trustor under this Trust Deed shall
<br />not be deemed to be a waiver of any other or similar defaults
<br />subsequently occurring.
<br />22. Trustor Not Released. Extension of the time for payment
<br />or modi ication or amortization of the sums secured by this
<br />Trust Deed granted by Beneficiary to any successor in interest
<br />of Trustor shall not operate to release, in any manner, the
<br />liability of the original Trustor or Trustor's successor in
<br />interest. Beneficiary shall not be required to commence pro-
<br />ceedings against such successor or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by
<br />this Trust Deed by reason of any demand made by the original
<br />Trustor and Trustor's successors in interest.
<br />23. Default. If there shall be a default under this Deed of
<br />Trust or under any prior mortgage:, the Beneficiary may cure
<br />such default:, and they amounts .advanced by, and other costs .:and
<br />expenses of the beneficiary in curing such default, with
<br />interest at the default. rate contained in the Note secured
<br />hereby from the time of the advances or payments shall be added
<br />to the indebtednes.s secured by this Trust Deed and may be
<br />collected hereunder ,at. rally time after the time of such advances
<br />or payments and !;hall be deemed to be secured here=by.
<br />24. 9lst.ion_10 Foreclose. Upon the occurrence of any default
<br />hereunder, 13tincficiaty shall have, they option to toreclost- this
<br />Trust. Deed in the manner provided by law for the fol— eclorsure of
<br />mortgages on real property.
<br />25. Trustor liigh t Absent Dc fault. Until ally default in
<br />the payment of andebt edne ss hereby secured or iattt i I Ilic breach
<br />of any covenant herein contained, the Tr'u:. ;tor, its successors
<br />and assigns, ! ;hall poisess and enjoy the property, .itid ret'vive
<br />the rent.. <; ind 1,rnf it ss therefrom, lthon payment of "11.1 :,ums
<br />^- securd by ttu:> fru�;t Decd, Bcenel ici.ary :11,411 recltaef,t fruo- ;too.
<br />to reconve =y the property and shall :iurrendcr this; "frta:;t Deed
<br />and all aaot c >,, ,vi denc i ng, i ndcrht ednert!; ;e cure(I l,y h i l'a last
<br />0 e•ed lo Tr u,:t cc• . I'rust ee :;Ha l 1 1•ete!1nVey t 1i ,rc,l,t,i t N• tai i I iii
<br />warrant,.' and w I hoeat h.:ir -11 t c, t he peat ;nns: l c 1, "I 1 1 to a t l ed
<br />lac e t cr, I he r and c e n .tn1' � ' .,nVI-N,.Iei iu.i1'
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