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<br />GRANTOR shall and will Warrant and Forever Defend.
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<br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes
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<br />and assessments levied on the Property; any and all amounts due on account of principal
<br />and interest or other sums on any senior encumbrances, if any; and will keep the Property
<br />insured in accordance with the requirements of the Contract. Should the GRANTOR fail to
<br />insure the Property in accordance with the Contract or to pay taxes or assessments as
<br />the same fall due, or to pay any amounts payable upon senior encumbrances, if any, the
<br />beneficiary may make any such payments or procure any such insurance, and all monies
<br />so paid with interest thereon at the rate of ten percent (10%) per annum shall be added to
<br />and become a part of the indebtedness secured by this Deed of Trust and may be paid
<br />out of the proceeds of the sale of the Property if not paid by the GRANTOR. In addition,
<br />and at its option, the beneficiary may declare the indebtedness secured hereby and this
<br />Deed of Trust to be in default for failure to procure insurance or make any further
<br />payments required by this paragraph. In the event of the sale or transfer of the Property,
<br />the beneficiary, at its option, may declare the entire balance of the note immediately due
<br />and payable.
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<br />And that in case of any default, whereby the right of foreclosure occurs hereunder,
<br />the PUBLIC TRUSTEE, the State as holder of the note, or the holder of a certificate of
<br />purchase, shall at once become entitled to the possession, use and enjoyment of the
<br />Property aforesaid, and to the rents, issues and profits thereof, from the accruing of such
<br />right and during the pendency of foreclosure proceedings and the period of redemption, if
<br />any there be, and such possession shall at once be delivered to the PUBLIC TRUSTEE, the
<br />State as holder of the note, or the holder of said certificate of purchase on request and on
<br />refusal, the delivery of the PiOperty may be enforced by the PUBLIC TRUSTEE, the State as
<br />holder of the note, or the holder of said certificate of purchase by an appropriate civil suit
<br />or proceeding, and the PUBLIC TRUSTEE, or the holder of said note or certificate of
<br />purchase, or any thereof, shall be entitled to a Receiver for said Property, and of the
<br />rents, issues and profits thereof, after such default, including the time covered by
<br />foreclosure proceedings and the period of redemption, if any there be, and shall be
<br />entitled thereto as a matter of right without regard to the solvency or insolvency of the
<br />GRANTOR or of the then owner of said Property and without regard to the value thereof,
<br />and such Receiver may be appointed by any court of competent jurisdiction upon ex parte
<br />application and without notice - notice being hereby expressly waived - and all rents,
<br />issues and profits, income and revenue therefrom shall be applied by such Receiver to
<br />the payment of the indebtedness hereby secured, according to the law and the orders
<br />and directions of the court.
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<br />And, that in case of default in any of said payments of principal or interest,
<br />according to the tenor and effect of said promissory note or any part thereof, or of a
<br />breach or violation of any of the covenants or agreements contained herein and in the
<br />Contract, by the GRANTOR, its successors or assigns, then and in that case the whole of
<br />said principal sum hereby secured, and the interest thereon to the time of the sale, may at
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