Laserfiche WebLink
the principal and interest or other sums on any senior encumbrances, if any; and will <br />keep the COLLATERAL insured In accordance with the requirements of the LOAN <br />CONTRACT. In the event of the sale or transfer of the COLLATERAL, the BENEFICIARY, at <br />its option, may declare the entire balance of the note immediately due and payable. <br />In case of default in any of said payments of the principal or interest, according <br />to the terms of said Promissory Note or LOAN CONTRACT, by the GRANTOR, its <br />successors or assigns, then said principal sum hereby secured, and interest thereon, <br />may at once, at the option of the BENEFICIARY, become due and payable, and the said <br />COLLATERAL be sold in the manner and with the same effect as if said indebtedness <br />had matured, and that if foreclosure be made by the PUBLIC TRUSTEE, an attorney's fee <br />in a reasonable amount for services in the supervision of said foreclosure proceedings <br />shall be allowed by the PUBLIC TRUSTEE as a part of the cost of foreclosure, and if <br />foreclosure be made through the courts a reasonable attorney's fee shall be taxed by <br />the court as a part of the cost of such foreclosure proceedings. <br />It is further understood and agreed, that if a release or a partial release of this <br />Deed of Trust is required, the GRANTOR, its successors or assigns will pay the expense <br />thereof; that all the covenants and agreements contained herein and in the Promissory <br />Note and LOAN CONTRACT shall extend to and be binding upon the successors or <br />assigns of the respective parties hereto; and that the singular number shall include the <br />plural, the plural the singular, and the use of any gender shall be applicable to all <br />genders. <br />[THE REST OF THIS PAGE INTENTIONALLY LEFT BLANK] <br />Appendix B to Amendment No.1 <br />Loan Contract C150273 <br />Page 3 of 4 <br />