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<br /> _ � : ' ry shall �equire, in such companies and amounts and with auch loss payable =`;: �` . �.,
<br /> ' ' - � � � clauses as ahall be satisfactory to the Beneficiaxy; that in the event of R ,,. .
<br /> � � � � loss, Beneficiary is expressly authorized to settle or compromise claims ,_.
<br /> � - ' � r under said policies and the proceeds thereof shall be paid to the Beneficiary ,
<br /> � • -� '" who may apply the same or aay paxt thereof on the indebtedness secured hereby � . ' �
<br /> ` ��`� � or toward the reconstruction ar repair of said buildings and improvements or ���° ��, -� .
<br /> r. .`` release same to the Trustor; (e) to pay any lien, claim or charge against the , , , . •'_
<br /> =�::�� Property which might take precedence over the 1 ien hereof; (f? to pay oa t•�__
<br /> demand all legal expenses, title seaschea, appraisal or at�orneys' �ees . �`� �, .
<br /> reasonably incurred or paid by Beneficiary to collect the Note or foreclose . ._
<br /> � ' ' � , ar protect the lien of this Deed of Trust; (g) that in the event Trustor ;.:��;,�-.�' . .
<br />-.. -.. ._ shall fail to comply with the pravisions of (a) through if) above, the _ _
<br /> ` � Beneficiary may expend auch funds and take auch action as is necessary to , .
<br /> _ . `, . remedy such failure and all sums gaid by the Beneficiary pureuant hereto with � ' ,; ; ;��;_
<br /> � `� interest at the rate hereinafter provi@ed sh�ll conatitute a lien upon the F � � - _
<br /> • . Progerty, shall be secured by this Deed of Trust, and shall be immediately ` : ..< �-A�_
<br /> . due and repayable to the Beneficiary; (h) not to sell the Property or any ' ���:.,.
<br /> , � �., �.> pertion thereof withaut the approval of the Beneficiary in writing; and i.n ;,;,_*�`-
<br /> ..� � the event of any sale herein prohibited, then the entire indebtedness secured � � �
<br />- '�_ - by this Deed of Trust shall, at the option of the Beneficiary, become due and -__
<br /> , � _ . payable; (i) that if the Property or any gaa't or parcel thereaf shall be . ,_
<br /> ' �` taken or damaged under the power o� emine�t domain, the award for any `�-:-
<br /> ' �. -� �' Property so taken or damaged (includir_g secerance damages to the remaining _�
<br /> • , premises) ahall be paid to the Benefic3ary and applied in full or ia �art at .�,,;�:,___
<br /> � ` the option of the Beneficiary in reduction of the indebtedness �ereby �:�._
<br /> � � �',�� secured; (j) that the Beneficiary ahall have the right to inspect the . �
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<br /> t � . : - - Property at auch reasonable tiines as the Heneficiary may desire to determine : � � �"� �-�:�_��:'
<br /> � � , , . Trustor's compliance with the covenants contained in this Deed of Trust; tk) „ '�``��"• �"�~
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<br /> � that the Beneficiary may release from the lien hereof any part or parcel af . ��;��
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<br /> ', � � � the Property without requiring any consideration therefor, and (1) that -..,;�_
<br /> � • � � Trustor is lae+�fully seized of said premises and Property in fee simple, that • : $�_
<br /> � � � the same are free from all liens and encumbra�eces except as ma� otherwise be ..:;�,�
<br /> � apecif ically noted herein or waived in writing by the Beneficiary; that � . 7��_
<br /> � � • Trus tor w ill execute or procure any further necessary asaurance� of title and _ �:..��;��;
<br /> � : - c3oes �hereby warrant generally the title to said Praperty and will €orever '. ,�4�:
<br /> '• � � � , �� defend the sa�:e against the claims and demands of all persons whomsaever, and ,:..��
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<br /> . . that �rustor's separate eetate, whether vested, contingent ar in expectaacy, _ _
<br />�`� is hereby conveyed and Trustor does hereby expressly waive, release all ,,:,.-�;,-:
<br />: � � � �..; rights and benefits of any homestead, dower, curteay, appraisement, exemption :-��_..
<br /> r� and stay laws of this etate. It is agreed that the interest provided for in "'`
<br />-��.: -:-� � -----�; subaection (v� above ahall be at the same rate as specified in the Note ' �`1_�
<br /> ��'` secured hereby on the principal thereof after default and maturity. :,:--`� - '��--��_-
<br /> ' � � SECOND. In the event Truator, without the prior written consent of . �°
<br /> � � Benefiaiary, shall sell, transfer or convey or contract to sell, transfer or . °:; :� �.-
<br /> . � . � convey the Property, or any part thereof or any interest therein, the entire ;:.: . .��. ..`,-
<br /> � balance of the indebtedness hereby secured shall become and be immediately
<br /> � due and payable at the option of Beneficiary; provided, however, Beneficiary ,•�.,,:.,, ,....
<br /> . ..i may waive such option to accelerate if, prior to such sale, Cransfer or
<br /> � �'` �� � conveyance or contract therefor, Beneficiary and the peraon to whom the : <�.'
<br /> . � „f property is to be sold or transferred reach an agreement in writing that the ,.
<br /> � �! credit of such person is satisfactory to Heneficiary and that the interest .
<br /> - .s� payable on the sums secured by this Deed of Trust ahall be at auch rate as „ � .�_ . .'
<br /> � , Benef iciary sha12 request. . � �
<br /> � THIRD. That as further security for the payment of the Note aad the - -
<br /> `,. � � indebtednese thereby evidenc�d and the performance of all of the terma,
<br /> � s covenants and conditiona hereof, Trustor agrees that Beneficiary shall and
<br /> � �' does hereby have the right, power and authority during the contfnuance of
<br /> � this Deed of Truat to collect the rents, isaues and profita of the Property .
<br /> ' ' and of any peraonal property located thereon with or without taking
<br /> � possession of the property affected thereby; and Trustor hereby absolutely �
<br /> � � and unconditionally asaigns all auch rents, isaues and profits to Beneficia-
<br /> ' ry. Beneficiary, however, hereby consenta to Trustar's collection and .
<br />' � � retention of such rents, issuea and profits as they accrue and become payable
<br /> so long as Trustor is not at such time in default with respect to payment of
<br /> � " any indebtedness secured hereby or in the performance of any agreement
<br /> � hereunder. Upon any such default, Beneficiary may at any time, either in .: _
<br /> � �� + peraon, by agent, ar by receiver to be appointed by a court, without notice
<br /> "'... � � i and without regard to the adequacy of any security for the indebtednesa
<br /> : � � hereby secured (a) enter upon and take poasession of the Property or any part .. .
<br /> . .. ; thereof and in its own name sue for or otherwise collect such rents, issues � .
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