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<br /> amortization schedule, a copy of which hns been provide to each of , r . „ ..,;.�
<br /> the partiea hereto, an d remainder of QBCh entgmaue hereunder =-�`
<br /> installment to be applied to principal. All paym �' ���,
<br /> � shall be paid at the residence of the BENEFICIARIES or the holaer i4��,
<br /> � of said security shall desiqnnte in writing. �•��.���`;�'-'=:=`":
<br /> � � "`�-
<br /> � ' , It is agreed by and between the parties hereto that while , ;,t;; _x:�o:.�
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<br /> tit.le is vested in the TRUSTEE and un�il f iling of Notice of �f������u_
<br /> ' ". "�` Default, the TRU3TOR9 shal l: '`�-----
<br /> �. -- ----
<br /> % A, Retain possession of 'the property at all times, except as may ,;:��``=_----
<br /> .� j be otherwise agreed by the parties in writing. :r�..:_-=�. ____._____
<br /> � � r�-_
<br /> ' B. Maintain the building and its improvements and all personal
<br /> � property sold under the parties' Contract for Sale of Real �__ _
<br /> Estate, in goad condition and repair. _-
<br /> .' � C. Pay al l general and spec ial taxes and all speci auQ u on msaid `
<br /> � � of evzry kind levied or assessed aqainst or P
<br /> property before delinquency, anen�opfesuchrtaxesENEFICIARIES __
<br /> � copies of receipts showing paym __�
<br /> �. D, procure and maintain policies o� all-risk insurance on said `�
<br /> improvements, in sums and underwritten by c�mpanies acceptable � _
<br /> �, to the BENEFICIARIE3, in an amount of at least Eight Hundred = _
<br /> Twenty Thousand Dollars ($f320,000.00) , which policies shall --
<br /> ��.�
<br /> name the BENEFICIARIES as additional insureds, with �he loss
<br /> � proceeds payable to �he parties as their interests may appear -- _
<br /> � hereunder. TRUSTORS aqree to provide BENEFICIARIES with __
<br /> � copies o� such policies or ce��ificatc� of in�urAnce durinq _
<br /> �. the te�rm�anceled ibye sa dn agrrierCwlthout fifteene (15) days �' _
<br /> . w not b
<br /> � . r written notice to BENEFICIARIES. _
<br /> � TRUSTORS covenants and agrees that a failure to make any �
<br /> pgyment, either principal or interest, on the Note secured hereby y.
<br /> when due and payable, oz a failure to comply with any of the .
<br /> ; covQnants and agreements herein made shall cause the whole sum of -
<br /> money hereby socured to become immediately due and collectible at
<br /> the option of the BENEFICIARIES, and BENEFICIARIES shall havs the
<br /> ► right to cause Notice of Default to be given and the premi.ses to be
<br /> sold as provided herein.
<br /> The parties mutually aqree as follows: ---
<br />-. . A. At any time and from time to time upon �vritten request of
<br /> i
<br /> BENEFICIARIES, payment of fees and presen�tation of this Deed __
<br /> of Trust and the Note for endorsement (in ��Be ithaut
<br /> M � reconveyance, far cancellation and retention), Y
<br /> � affectinq the liability of any person for the payment of the ����
<br /> . �� indebtedness, TRUSTEE may (a) consent to the making of any map �_�v..--�-�
<br /> or plat of said prop�rty; (b) join in granting any easement or q�-------------��
<br /> '4 creating any restriction thereon; (c) join in any `:��_-�
<br /> ,.. .:, �r,,.:-.
<br /> � subordination or other agreement affecting this Deed of Trusfi �.«..,:^?{� $
<br /> �.
<br /> or the lier� or charge thereof; (d) reconvey this Deed of Trust -_�,�,�.;�„T o__
<br /> or the lien or charge thereof; (d) reconvey, without warranty, � ..,,'����:?„�
<br /> t�.,,�=,:....
<br /> all or any part of said property. � `'�`"`
<br /> � .. '::L'��" :'�., �
<br /> B. The grantee in any Deed of Reconveyance may be described as
<br /> ��the person or persons entitled thereto", and the recitals
<br /> therein of any matters or facts shall be conclusive proof of
<br /> , , the truthfulness thereof.
<br /> . :� . . . - ------�. ..s ;niicF�taAnRRS ---.---.
<br /> 1 C. Upon default by TRUSTOxs in tine �CiYlllCllV ..� •---------- - - - --
<br /> � secured hereby or in the performance of any agreement f
<br /> I hereunder, BENEFICIARIES may declare all sums secured hereby I
<br /> immediately due and payable by delivery to TRUSTEE of writt�n
<br /> � declaration of default. If BENEFICIARIES desire said property i
<br /> to bQ sold, they shall deposit with TRUSTEE this Deed of Trust
<br /> and all promissory notes and documents evidencing expenditures i
<br /> secured hereby, �nd shall deliver to TRUSTEE a w ritten Notice I
<br /> of Default and election to cause said pr�perty to be sold in
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