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201104116
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201104116
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Last modified
9/14/2011 12:18:56 PM
Creation date
6/2/2011 9:08:59 AM
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DEEDS
Inst Number
201104116
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201104116 <br />upon the request of the Beneficiary, its successors or assigns, shall execute and <br />deliver a supplemental mortgage or mortgages covering any additions, <br />improvements, or bai#erments made to the property hereinabove describet! and aU <br />property acquired after the date hereof (all in form satisfactory to Grantee}. <br />Furthermore, should Trustor fail to cure any default in the payment af a priar or <br />infierior encumbrance an the property described by this instrument, Trustor hereby <br />agrees to permit Beneficiary to cure such default, but Beneficiary is nat abligated ta <br />do so; and such advances shall become part of the indebtedness secured by this <br />instrument, subject to the same terms and conditions. <br />12. That al! awards of damages in cannection with any condemnatian for <br />public use of or injury to any of said property are hereby assigned and shall be paid <br />to Beneficiary, who may apply the same to payment of the installments last due <br />under said note, and the Beneficiary is hereby authorized, in the name of the Trustor <br />to exeeute and delivervalid acquittances thereofiand to appea( from any such award. <br />13. The irrevocabie right ta appaint a substitute Trustee or Trustees is <br />hereby expressiy granted to the Benefiiciary, his successors ar assigns, to be <br />exercised at any time hereafter without specifying any reason therefor, by filing for <br />record in the office where this instrument is recorded a substitution of Trustee. Prior <br />to recording the substItution of Trustee, a copy of the instrument of the substitution <br />of the successor Trustee shal! be mailed to the Trustor and ail persons who have <br />requested notice ofi default and notice af sale by filing such request with #he office <br />of Register of Deeds where this Deed of Trust is recorded. • <br />14. (f mara than one person joins in the execution of this instrument as <br />Trustor, or if anyone sa joined be of the feminine sex, the pronauns and refative <br />words used herein shall be read as if written in the plura( or feminine, respectively, <br />and the term "Beneficiary° shafl include any payee of the indebtedness hereby <br />secured or any assignee or transferee thereof whether by operation of law ar <br />otherwise. The covenants herein contained shall bind and the rights herein granted <br />or canveyed shail inure to the respective heirs, executors, administrators, <br />successors, and assigns of the parties hereto. <br />15. In compliance wifh section 101.106(b) of the Rules and Regulatians of <br />the Small Business Administratian (13 C.F.R. 101.106{b)}, this instrument is to be <br />construed and enforced in accordance with applicable Federai law. <br />16. A judicial decree, arder, or judgment holding any provisian ar partian of <br />this ins#rument invalid or unenfarceable shail not in any way impair or preclude the <br />enforcement of #he remaining provisions or partions of this instrument. <br />
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