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<br />84- 006291 <br /> <br />plus the premium that will next become due and <br />payable on insurance policies covering the <br />premises, divided by the number of months to elapse <br />before one month prior to the date when such taxes, <br />special assessments, and premiums will be due. <br />Said sums to be held by the Beneficiary in trust <br />to pay the taxes, special assessments, and insurance <br />premiums. Any deficiency in the amount of any <br />aggregate monthly payments (principal, interest, <br />taxes, special assessments. and insurance premiums) <br />shall constitute a default. The arrangements provided <br />for in this subparagraph are for the added protection <br />of the Beneficiary. <br /> <br />Trustors covenant and agree that a failure to make any payment, <br />either principal or interest on the note secured hereby when due <br />and payable, or a failure to comply with any of the covenants and <br />agreements herein made shall cause the whole sum of money hereby <br />secured to become due and collectible at once at the option of <br />the Beneficiary, and Beneficiary shall have the right to cause <br />Notice of Default to be given and the premises to be sold as pro- <br />vided herein. <br /> <br />It is mutually agre~d that: <br /> <br />A...... ...._..,_ _~_...... __..J &:_"'"1"_ .....:__ ...-. ....:_..... .__-"~ .._.:~.........._ <br />..... ...'-' ~ ...............- ...........-----.:=.........- -...,;;;~ -.... ---- -.:-~--.~ <br />request of Beneficiary. payment of fees and presentation <br />of this Trust Deed and the note for endorsement <br />(in case of full reconveyance, for cancellation and <br />retention), without affecting the liability of any <br />person for the payment of the indebtedness, Trustee <br />may (a) consent to the making of any map or plat of <br />said property; (b) join in granting any easement or <br />creating any restriction thereon; (c) join in any <br />subordination or other agreement affecting this <br />Trust Deed or the lien or charge thereof; (d) reconvey, <br />without warranty, all or any part of said property. <br /> <br />B. The Grantee in any reconveyance may be described as <br />"the person or persons entitled thereto", and the <br />recitals therein or any matters or facts shall be <br />conclusive proof of the truthfulness thereof. <br /> <br />c. Upon cefault by Trustor in the payment of any <br />indebtedness secured hereby or in the performance <br />of any agreecent hereunder, Beneficiary may declare <br />all sums secured hereby immediately due and payable <br />by delivery to Trustee of written declaration of <br />default. ~f Beneficiary desires said property to <br />be sold, it shall deposit with Trustee this Trust <br />Deed and all promissory notes and documents evidencing <br />expenditures secured hereby, and shall deliver to <br />Trustee a written notice of default and election to <br />cause said property to be sold in the form required <br />by law, which shall be duly filed for record by <br />Trustee. <br /> <br />(1) After the lapse of such time as may be required <br />by law following the recordation of said notice <br />of default, and notice of default and notice of <br />sale havin~ been given as required by law, <br />Trustee, w:Hhout demumd ('11 Trustors. sball sell <br />said property on the date and at the time and <br />place delillgn<lted in !ul~_d notice of sale, at <br />public auction to th,- hi&h~Ult bidder, the <br />~urchan price payable in lawful money of the <br />Unit@d Stat~HI at the time of Bale. The person <br />conducting the sale may, for any cause he deems <br /> <br /> <br /> <br />-1 <br />