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<br />$1---~~i385? <br />payss~ents of principal and interest, on the date <br />set forth for the making of the payment each <br />mrsnth, a suss as established by the Beneficiary <br />equal to the taxes and special assessments next <br />due an the premises, plus the presaium that will <br />next become due and payable on insurance policies <br />covering the premises, divided by the number of <br />months to elapse before one month prior to the <br />date when such taxes, special assessments, and <br />premiums will be due. Said sums to be held by the <br />Beneficiary in trust to pay the taxes, special <br />assessments, and insurance premiums. Any defi- <br />ciency in the amount of any aggregate monthly <br />payments (principal, interest, taxes, special <br />assessments, and insurance premiums) shall con- <br />stitute a default. The arrangements provided for <br />in this subparagraph are for the added protection <br />of the Beneficiary, and entail no responsibility <br />on the part of the Beneficiary. <br />Trustor covenants and agrees that a failure to make any <br />payment, either principal or interest or_ the note secured <br />hereby when due and payable, or a failure to comply with any <br />of the covenants and agreements herein :tale shall cause the <br />whole sum of money hereby secured to become due and collect- <br />ible at once at the option of the Beneficiary, and Beneficiary <br />shall have the right to cause :dotice of Default to be given <br />and the premises to be sold as provided herein. <br />Zt is mutually agreed that: <br />A. At any time aUtd from time to time upon written <br />reguest of 3enefieiary, payment of fees and ares- <br />entation of this Trust i}eed and the note for <br />endorsement tin case of full recanveyance, for <br />cancellation and retention}, without affecting the <br />liatsiiity of any person for the payment of the <br />indebtedness. Trustee *tay {a) consent to the <br />making of any .:.ap ^r Hlat of said property, tb} <br />loin i.n granting any easement nr creating any <br />restriction thereonc ry} loin in any subordination <br />ax other agreement -ffecting this T_r_ust Deed or <br />flee lien or chsrge thereof, ia) reconvey: without <br />~~~::rnty : ~== -° "_<" ~~ ~~$ Yai:~ pr€~p~~t;%- <br />ki. The Grantee in any reconveyanee :nay be described <br />as "the parson or persons entitled thereto," aad <br />the recitals therein of any matters or facts shall <br />be conclusive proof of the truthfulness thereof. <br />Upon default by Truster i,n the payment of any <br />indebtedness secured hereby or in the performance <br />of any agxeement hereunder, Beneficiary may de- <br />cias:e all susas secured hereby ilidtiediately due and <br />payable by delivery to Trustee of written declara- <br />tion of default. If Beneficiary desires said <br />property to be sold, it shall deposit with Trustee <br />this Trust Deed and all promissory notes and <br />documents evidencing expenditures secured hereby, <br />a shalt deli_4+!!r to ?'r>'stee a written notice of <br />de~`au3.t and elect,ian to cause said property to be <br />so,id in the form requireel by law, which shall be <br />daly fzled for rord by trustee. <br />Cll After the lapse of such tune as may b+s re- <br />guired by leaf follc~+aring the recordation of <br />said notic+s of def~cslt, and notice of default <br />an+d nrsticst of sale having bean given as <br />s•~ulred by l€tra, Trustee, without desaand on <br />'~susstor, shall ssl? „aid property on the date <br />Z - <br />