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<br />/ <br /> <br />r <br /> <br /> <br />83- 005795 <br /> <br /> <br />are for the added protection of the BENEFICIARY, <br />and entail no reponsibility on the part of the <br />BENEFICIARY. <br /> <br />TRUSTORS covenant and agree that a failure to <br /> <br />make any payment, either principal or interest on the note <br /> <br />secured hereby when due and payable, or a failure to comply <br /> <br />with any of the covenants and agreements herein made shall <br /> <br />cause the \.,hole sum of money hereby secured to become due <br /> <br />and collectible at once at the option of the BENEFICIARY, <br /> <br />and BENEFICIARY shall have the right to cause Notice of <br /> <br />Default to be given and the premises to be sold as provided <br /> <br />herein. <br /> <br />It 1S mutually agreed that: <br /> <br />A. At any time and from time to time upon written <br />request of BENEFICIARY, payment of fees and presen- <br />tation of this Trust Deed and the note for endorse- <br />ment (in case of full reconveyance, for cancella- <br />tion and retentionl, without affecting the <br />liability of any person for the payment of the <br />indebtedness. TRUSTEE may (a) consent to the making <br />of any map or plat of said property; (bl join <br />in granting any easement or creating any restric- <br />tlon thereon: (c) join In any subordination or <br />other agreement affecting this Trust Deed or the <br />lien Or charge thereof; (d) reconvey~ without <br />warranty, all or any part of said property. <br /> <br />B. The grantee in any reconveyance may be described <br />as "the person or persons entitled thereto", and <br />the recitals thereIn of any matters or facts shall <br />be conclusive proof of the truthfulness thereof'. <br /> <br />C. Upon default by TRUSTORS in the payment of <br />indebtedness secured hereby or in the performance <br />of any agreement hereunder. BENEFICIARY may declare <br />all sums secured hereby Immediately due and payable <br />by del i very to TRUSTEE of wri tten declaration <br />of default. If BENEFICIARY desires said property <br />to be sold, it shall deposit with TRUSTEE this <br />Trust Deed and all promissory notes and documents <br />evidencing expenditures secured hereby. and shall <br />deliver to TRUSTEE a written not.ice of default <br />and electIon to cause said property to be sold <br />in the form required by law, ,,,hich shall be duly <br />filed for record by TRUSTEE. <br /> <br />(1) After the lapse of such time as may be <br />required by law following the recordation <br />of said notice of default. and notice of <br />default and notice of sale having been given <br />as requi red by lal~, TRUSTEE, wi thout demand <br /> <br />3 <br />