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<br /> 1. Thi.S conveyancc is made upan and subject to thc further trust that the said�rustar shall remain in quic;t :
<br /> , and peaccable possession of the abovc granted and described prcmises and tnke the profits thercof to his own usc until __
<br /> • defuult bc made in any payment of an installment duc on said nate or in thc perfarmance of any of thc cavenants or
<br /> • canditions contained therein or in this Decd af Trust;and,also to secure thc rcimburscment of thc Beneficiary ur any =
<br /> ! other holder of said note, thc Trustee or any substitute trustce of any and all costs and expenses incurred,including _
<br /> � reasonable attorney's fees, on account af any litigation which may arise with respect to this Trust or with respect to the _
<br /> , indebtedness evidenced by said note, the protection and maintenancc of the property hereinabovc dcscribcd ur in __
<br /> ' obtaining possession of said property aFter any salc which may be madc as hereinaftcr provided. .•.,��,'�.:=-
<br /> 2. Upon the full payment of the indebtedness evidenced by said note and thc interest therean,thc paymenz ..
<br /> R of all other sums herein provided for,the repayment af all monies advanced or expended pursuant to said note or this , :..:�z_-
<br /> instrument, and upon the payment of all o¢her proper costs,charges,commissions,anr� expenses,the above described
<br /> �; property shall bc released and reconveycd to and at the cost of the Trustor.
<br /> 3. Upon default in any of the covenants or conditions of this instrument or of the n�te or loan�greemsnt '
<br /> , secured hercby,the Beneficiary or his as�igns may withuut notice and without regard to the adequacy af security for the
<br /> indebtcdn�ss secured, either personally or by attorney or agent without bringing any action or proceedin�, or by a "�t°��
<br /> receiver to be appointed by the court,enter upon and take possession of said property or any part thereof,and do aay
<br /> � acts wluch Beneficiary deems proper to protect the s�curity hereof,and either witb or without taking possession of said � ���
<br /> property,collect and receive thc rents,royaltics,issues,and profits thereof,including rcnts accrued and unpaid,and apply �•• �-
<br /> the same, less costs of operation and collection, upon the indebtedness secured by this Deed of Trust, said rents, ,;�:, ��+._=•
<br /> royalties, issues, and profits, being hereby assigned to the Beneficiary as further security for the payment of such -.,���;��ia,..
<br /> - indebtedness. Exercisc of rights under this paragraph shall not cure ar waive any default or notice af default hereunder ..�_Y,ti,!�t�
<br /> or invalidate any act done pursuant to such notice but shall be cumulative to any righc and remedy to Jc�:l�,e a defau2i - s
<br /> and to cause notice of default to be recorded as hereinafter provided,and cumulative to any other ribht and/or remedy ;,;�•;�
<br /> hereunder,or provided by law,and may be exercised concurrently or independently.Expenses incuned by Beneficiary .��.�-�-
<br /> hereunder including rcasonable attorney's fccs shall be sccured hcreby. �T ��
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<br /> 4. The Trustor covenants and agrces that if hc shall fail to pay said indebtedness,or any part thereof,when _
<br /> due,o�shaU fail to perForm any covenant or agreemcnt of this instrument or of the promusory note secured heieby.ths �;� :;i,`z
<br /> entire indebtedncss hereby secured shall imm::��atety becu�ne due, payable, and collectible at the opdon of the
<br /> Beneficiary or assigns,re�ardless of maturity,and 'ie Beneficiary or essigns may enter upon said property and collect _
<br /> the rents and profits t6ereof. Upon such default in p•.,�ment or performance,and before or after such entry,the Trustee, __ _
<br /> acting in the execution of this Trust,aftcr thc noticc of default has bcen rccorded,shall mail a copy of the default to each �
<br /> � persoa whu is a party to this instrumcnt,at thc address set out in this instrumcnt, as well as to any person who has �
<br /> �equested any notice of de[ault and noticc of salc by recording said request for notice with the register of deeds in the R
<br /> county in which this instrument is rea�rded,and after the lapse of time which is required by law after mailing thc notice, l' ��--
<br /> . the Trustce shall havc thc powcr to sell said property,and it shall be thc Trustcc's duty to sell said property(and in case -�°--
<br /> , of any default of any purchascr,to resell)at public auctian,to the highest bidder,first giving five weeks'notice of the ;��-_
<br /> tune,terms,and place of such sale,by advertisemcnt not less than once during each of said�ve weeks in a newspaper �::;�`=�
<br /> ; published or distributed in the county or political subdivision in which said property is situated,and written notice of sale .��,�y,--°��r_�-
<br /> shall be mailed to cach person who is a party to this instrument at thc address set forth herein,(aad the Beneficiary or =
<br /> any person on behalf of the Bene�ciary may bid and purchase at such sale).Such sale will be held at a suitable place �"__ ___
<br /> to bc selccted by the Beneficiary within said county or political subdivision. The Trustee is hereby authorized to execute �`' �� ;;�1'r
<br /> and deliver to the purchascr at such sale a sufficient conveyance of said property,which convcyance shall contain recitals ::��� r,,�;::;;�.,
<br /> as to the happening of default upon which the execution of the power of sale herein granted depends; and the said L`"'�?'��'�' �"'
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<br /> Trustor hercby constitutes and appoints the Trustec as his agent and attorney in fact to make such recitals and to execute . _ . - � .,
<br /> said conveyance xnd hereby covenants anJ agrees that the recitals so rnade shall be binding and conclusivc upon the ;*� �
<br /> Trustor, and said conveyancc shall bc cffcctu:tl to bar all equity ur risht of redcmption, homestead, dowcr, right of
<br /> appraisement,and all othcr rights and cxcmptions of thc:Trustor all of which are hereby expressly waived and convcy�d .
<br /> to the Trustcc. In thc e;vcnt of a salc as hcrcinabove providcd, the Trustor or any person in posscssion undcr the �
<br /> � 'I'rustor,shall thcn bccome and bc tenants holding over and shall forthwith delivcr possession to thc purchaser at such
<br /> { sale or be summarily di�po�sessed, in accordance with the provisions of law applicable to tenants holdin�over. The
<br /> � power and agcncy hercby grantcd arc coupled with an intcrest and are irrevocablc by dcuth or othcrwisc,and are granted
<br /> as cumulative to all�thcr remcdics for collcction of said indcbtcdness. The Bencficiary or Assigns may take any other
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