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<br /> ..,.,.:}�* appropriate acuon pursuant to state or Fcdcral statutc either in statc ar Fedcral caurt or othcrwisc for thc disposition - ,�.._
<br /> �►' of the property. . '�''�°"
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<br /> $, I n the event of a sale as provided in paragraph 4,Ihe Trustce shall be paid a fce by the Beneficiary in an
<br /> amount not in access of percent of the gross amount of said sale or sales,providc;d,however,that thc amount
<br /> of such E'ec shall be rcasonable and shall be approved by the Beneficiary as to reasonableness. Said fee shall be in ,
<br /> addition to the costs and expcnscs incurred by the Trustec in conducting such sale. The amaunt of sucli costs and
<br /> ' expenses shall be deducted and paid fmm the sale's proceeds. It is further agreed that if said property shall bc
<br /> ' advertised for salc as herein pr�vidcd and nat sold, the Trustee shall be entitled to a reasonable fee, in an amount
<br /> acceptable to the Beneficiary Eor the services rendered. The Trustee sball also be reimbursed by the Beneficiary for all
<br /> . costs a�id ezpenses incurred in connection with the advertising of said property for sale if the sale is not wnsummated.
<br /> 6. The proceeds of uny sale of said property in accordance with paragraph 4 shall be appGed P�rst to payments
<br /> of fees, costs, and expenses of said sale, the expenses incurred by the Beneficiary for the purpose of protecting or
<br /> maintainipg said property and reasonable attomeys'fces;secondly,to payment of the indebtedness secured hereby;and _
<br /> � thirdly,to pay any surplus or cxcess to the person or persons legally entitled thereto.
<br /> 7. In thc cvent said property is snld pursuant to the authori•r.ation contained in thic instrument or at u judicial " :.
<br /> �' foreclosure sale and the proceeds are not sufficient to pay the total indebtedness secured by this instrument and
<br /> evidenced by said promissory note, the Bencficiary will be entided to a deficiency judgem�nt for the amount of the ,
<br /> � deficiency without regard to appraisement, thc Trustor having waived and assigned aq rights of appraisement to the �_
<br /> . Trustee. -
<br /> � $, Thc Trustor covcnants and agrecs as follows; -
<br /> t� a. He will promptly pay the indebtcdness evidenced by said promissory note at the times and in the _
<br /> - manner therein provided. °
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<br /> y b. He will pay all taxes,asscssments,watcr ratcs,and other governmcntal or municipal cbargcs�Cmes
<br /> or impositions, far which provision has n��t been made hereinbefore, and will promptly deGver the ".,,•
<br /> official receipts therefor ta the Beneficiary. _ --
<br /> c. He will pay such expenses and fees as may be incurred in the protectioa and maintenance of said -
<br /> � property,includins the fecs of any attarney employcd by the Beneficiary for the collection of uny or _
<br /> all of the indebtedaess hereby secured, of such expenses and fees es may be iacurred in any _-
<br /> foreclosure sale by the Trustee,or court proceedings or in any other litigation or proceeding affecting
<br /> said property,and attorncy's fces reasonably incurrcd in uny other wt►y. —
<br /> � d. The rights created by this conveyance shall remain in full force and effect during any postponcment 4i�""
<br /> or extension of the time of the payment of the indebtedness evidenccd by said note or any part ,_ __ _
<br /> thereof sccured hereby. `=
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<br /> e. He will cnntinuousiy maintain haxard insurance of such type or types and in such amowits as the ., ,,, ``'M•
<br /> Beneficisry may from tirnc tu timc require,on the improvements now a hereafter on said property, :,'"�� �1�
<br /> and will pay prompUy whcn duc any premiums thcrefor. All insurance shall be carried in companies � h ,i.�.�:`r•
<br /> Ixcceptablc to Bcnc6ciary and thc policies and renewals thereof stiall be 6eld by Beneficiary and have ��"-Y�`.`t"���`� '�
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<br /> attached thereto loss payable clauses in favor af and in form acceptable to the Bencficiary. In the ',�:�;.,
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<br /> ± event of loss,Tru�tor will givc immcdiate notice in writing to Bcneficiary and Bcneficiary may make •:-;{v_•"�
<br /> ! proof of loss if not made promptly by Trustor,ttnd each insuranee wmpany conccrned is hereby �
<br /> I authorizcd and directed to make payment for such loss directly to Beneficiary instcad of to Trustor �
<br /> � and BeneGciary juintly, and thc insurancc procccds, or any part thcrcof, may bc appGcd by
<br /> i Bcncficiary at its eiption cithcr tu tln: rcduction of the indcbtcdness hcreby secund or to the
<br /> i restoration or rcpair of Ihc property dam�ged. In thc cvent of a Trustce's s�le or other transfer of ,, ,
<br /> � titic to tiaid property in cxtinguisl�mcntnf thc indcbtcdncss sccurcd hcrcby,all righ(,titic,and intcrest
<br /> of thc Trutitor in and tu any insurancc policics thcn in forcc shall �ass at thc option of the
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