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<br />entitled to such deed, the Properly purchased as aforesaid and all the right, title, interest, benefit and
<br />equity of redemption of the GRANTOR, its successors and assigns made therein, and shall recite the sum /l
<br />for which the said Property was sold and shall refer to the power of sale therein contained, and to the sale
<br />made by virtue thereof; and in case of an assignment of such certificate of purchase, or in case of the
<br />redemption of the Properly, by a subsequent encumbrance, such assignment or redemption shall also be
<br />referred to in such deed; but the notice of sale need not be set out in such deed and the PUBLIC TRUSTEE
<br />shall, out of the proceeds or avails of such sale, after first paying and retaining all fees, charges and costs
<br />of making said sale, pay to the beneficiary hereunder the principal and interest due on said note according
<br />to the tenor and effect thereof, and all moneys advanced by such beneficiary or legal holder of said note
<br />for insurance, taxes and assessments, with interest thereon at ten per cent per annum, rendering the
<br />surplus, if any, unto the GRANTOR, its legal representatives or assigns; which sale and said deed so made
<br />shall be a perpetual bar, both in law and equity, against the GRANTOR, its successors and assigns, and all
<br />other persons claiming the Property, or any part thereof, by, from, through or under the GRANTOR, or any
<br />of them. The holder of said note may purchase Property or any part thereof; and it shall not be obligatory
<br />upon the purchaser at any such sale to see to the application of the purchase money.
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<br />And the GRANTOR, for itself and its successors or assigns covenants and agrees to and with the
<br />PUBLIC TRUSTEE, that at the time of the unsealing of and delivery of these presents it is well seized of the
<br />Property in fee simple, and has good right, full power and lawful authority to grant, bargain, sell and
<br />convey the same in the manner and form as aforesaid; and that the same is free and clear of all liens and
<br />encumbrances whatever, and the above bargained Property in the quiet and peaceable possession of the
<br />PUBLIC TRUSTEE, its successors and assigns, against all and every person or persons lawfully claiming or
<br />to claim the whole or any part thereof, the GRANTOR shall and will Warrant and Forever Defend.
<br />
<br />Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and assessments.
<br />, a an In eres or 0 er sums on any
<br />senior encumbrances, if any, Should the Grantor fail to pay taxes or assessments as the same fall due, or
<br />to pay any amounts payable upon senior encumbrances, if any, the benef'lciary may make any such
<br />payments, and all monies so paid with interest thereon at the rate of ten percent (10%) per annum shall
<br />be added to and become a part of the indebtedness secured by this Deed of Trust and may be paid out of
<br />the proceeds of the sale of the Property if not paid by the GRANTOR. In addition, and at its option, the
<br />beneficiary may declare the indebtedness secured hereby and this Deed of Trust to be in default for
<br />failure to make any further payments required by this paragraph. In the event of the sale or transfer of the
<br />Property, the beneficiary, at its option, may declare the entire balance of the note immediately due and
<br />payable.
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<br />And that in case of any default, whereby the right of foreclosure occurs hereunder, the PUBLIC
<br />TRUSTEE, the State as holder of the note, or the holder of a certificate of purchase, shall at once become
<br />entitled to the possession, use and enjoyment of the Properly aforesaid, and to the rents, issues and
<br />profits thereof, from the accruing of such right and during the pendency of foreclosure proceedings and
<br />the period of redemption, if any there be, and such possession shall at once be delivered to the PUBLIC
<br />TRUSTEE, the State as holder of the note, or the holder of said certificate of purchase on request and on
<br />refusal, the delivery of the Property may be enforced by the PUBLIC TRUSTEE, the State as holder of the
<br />note, or the holder of said certificate of purchase by an appropriate civil suit or proceeding, and the PUBLIC
<br />TRUSTEE, or the holder of said note or certificate of purchase, or any thereof, shall be entitled to a
<br />Recei\1eT for said Property, and of the rents, issues and profits thereof, after such default, including the
<br />time covered by 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 GRANTOR or of the
<br />then owner of said Properly and without regard to the value thereof, and such Receiver may be appointed
<br />by any court of competent jurisdiction upon ex parte application and without notice - notice being hereby
<br />expressly waived - and all rents, issues and profits, income and revenue therefrom shall be applied by
<br />such Receiver to the payment of the indebtedness hereby secured, according to the law and the orders
<br />and directions of the court.
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