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4) That upon written request of Beneficiary stating that all sums secured hereby have been
<br /> paid, and upon surrender of this Deed and said note to Trustee for cancellation and
<br /> retention or other disposition as Trustee in its sole discretion may choose and upon
<br /> payment of its fees, Trustee shall reconvey, without warranty, the property then held
<br /> hereunder. The recitals in such reconveyance of any matters or facts shall be conclusive
<br /> proof of the truthfulness thereof. The Grantee in such reconveyance may be described
<br /> as "the person or persons legally entitled thereto ".
<br /> 5) That as additional security, Trustor hereby gives to and confers upon Beneficiary the
<br /> right, power and authority, during the continuance of these Trusts, to collect the rents,
<br /> issues and profits of said property, reserving unto Trustor the right; prior to any default
<br /> by Trustor in payment of any indebtedness secured hereby or in performance of any
<br /> agreement hereunder, to collect and retain such rents, issues and profits as they become
<br /> due and payable. Upon any such default, Beneficiary may at any time without notice,
<br /> either in person, by agent, or by a receiver to be appointed by a court, and without
<br /> regard to the adequacy of any security for the indebtedness hereby secured, enter upon
<br /> and take possession of said property or any part thereof, in his own name sue for or
<br /> otherwise collect such rents, issues, and profits, including those past due and unpaid, and
<br /> apply the same, Tess costs and expenses of operation and collection, including reasonable
<br /> attorney's fees, upon any indebtedness secured hereby, and in such order as Beneficiary
<br /> may determine. The entering upon and taking possession of said property, the collecting
<br /> of such rents, issues and profits and the application thereof as aforesaid, shall not cure or
<br /> waive any default or notice of default hereunder or invalidate any act done pursuant to
<br /> such notice.
<br /> Trustor in payment of any indebtedness secured hereby That upon default by rusto a
<br /> P Y PY Y Y or in
<br /> performance of any agreement hereunder, Beneficiary may declare all sums secured
<br /> hereby immediately due and payable by delivery to Trustee of written declaration of
<br /> default and demand for sale and of written notice of default and of election to cause to
<br /> be sold said property, which notice shall cause to be filed for record. Beneficiary also
<br /> shall deposit with Trustee this Deed, said note and all documents evidencing
<br /> expenditures secured hereby.
<br /> After the lapse of such time as may then be required by law following the recordation of
<br /> said notice of default, and notice of said having been given as then required by law,
<br /> Trustee, without demand on Trustor, shall sell said property at the time and place fixed
<br /> by it in said notice of sale, either as a whole or in separate parcels, and in such order as
<br /> it may determine, at public auction to the highest bidder for case in lawful money of the
<br /> United States, payable at time of sale. Trustee may postpone sale of all or any portion of
<br /> said property by public announcement at such time and place of sale, and from time to
<br /> time thereafter may postpone such sale by public announcement at the time fixed by the
<br /> preceding postponement. Trustee shall deliver to such purchaser its deed conveying the
<br /> property so sold, but without any covenant or warranty, express or implied. The recitals
<br /> in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof.
<br /> Any person, including Trustor, Trustee, or Beneficiary as hereinafter defined, may
<br /> purchase at such sale.
<br /> After deducting all costs, fees and expenses of trustee and of this Trust, including costs
<br /> of evidence of title in connection with sale, Trustee shall apply to proceeds of sale to
<br /> payment of: all sums expended under the terms hereof, not then repaid, with accrued
<br /> interest at the amount allowed by law in effect at the date hereof; all other sums then
<br /> secured hereby; and the remainder, if any, to the person or persons legally entitled
<br /> thereto.
<br /> 7) Beneficiary, or any successor in ownership of any indebtedness secured hereby, may
<br /> from time to time, by instrument in writing, substitute a successor or successors to any
<br /> (Continued on Page 2)
<br /> 1193 (1/94)
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