INTEREST OF LENDER IN, THE PROPERTY.
BORROWER SHALL PAY ALL FILING, REGISTRATION OR RECORDING FEES, ALL EXPENSES
INCIDENT TO THE PREPARATION, EXECUTION AND ACKNOWLEDGMENT OF AND ALL FEDERAL,
STATE, COUNTY AND MUNICIPAL, TAXES, DUTIES, IMPOSTS, DOCUMENTARY STAMPS,
ASSESSMENTS AND CHARGES ARISING OUT OF OR IN CONNECTION WITH THE EXECUTION AND
DELIVERY OF, THIS SECURITY INSTRUMENT, ANY SECURITY INSTRUMENT SUPPLEMENTAL
HERETO, ANY SECURITY INSTRUMENT WITH RESPECT TO THE PROPERTY OR ANY INSTRUMENT
OF FURTHER ASSURANCE, EXCEPT WHERE PROHIBITED BY LAW SO TO DO.
BORROWER SHALL
HOLD HARMLESS AND INDEMNIFY LENDER, ITS SUCCESSORS AND ASSIGNS, AGAINST ANY
LIABILITY INCURRED BY REASON OF THE IMPOSITION OF ANY TAX ON THE MAKING OR
RECORDING OF THIS SECURITY INSTRUMENT.
9.
RIGHT TO CURE DEFAULTS.
UPON THE OCCURRENCE OF ANY EVENT OF
DEFAULT, LENDER MAY, BUT WITHOUT ANY OBLIGATION TO DO SO AND WITHOUT NOTICE TO
OR DEMAND ON BORROWER AND WITHOUT RELEASING BORROWER FROM ANY OBLIGATION
HEREUNDER, PERFORM THE OBLIGATIONS IN DEFAULT IN SUCH MANNER AND TO SUCH EXTENT
AS LENDER MAY DEEM NECESSARY TO PROTECT THE SECURITY HEREOF.
LENDER IS
AUTHORIZED TO ENTER UPON THE PROPERTY FOR SUCH PURPOSES OR APPEAR IN, DEFEND OR
BRING ANY ACTION OR PROCEEDING TO PROTECT ITS INTEREST IN THE PROPERTY OR TO
FORECLOSE THIS SECURITY INSTRUMENT OR COLLECT THE DEBT, AND THE COST AND EXPENSE
THEREOF (INCLUDING REASONABLE ATTORNEYS'
FEES AND DISBURSEMENTS TO THE EXTENT PERMITTED BY LAW), WITH INTEREST THEREON AT
THE DEFAULT RATE FOR THE PERIOD AFTER NOTICE FROM LENDER THAT SUCH COST OR
EXPENSE WAS INCURRED TO THE DATE OF PAYMENT TO LENDER, SHALL CONSTITUTE A
PORTION OF THE DEBT, SHALL BE SECURED BY THIS SECURITY INSTRUMENT AND THE OTHER
LOAN DOCUMENTS AND SHALL BE DUE AND PAYABLE TO LENDER UPON DEMAND.
10.
REMEDIES.
(A)
UPON THE OCCURRENCE OF ANY EVENT OF DEFAULT, LENDER MAY TAKE SUCH
ACTION, WITHOUT NOTICE OR DEMAND, AS IT DEEMS ADVISABLE TO PROTECT AND ENFORCE
ITS RIGHTS AGAINST BORROWER AND IN AND TO THE PROPERTY, BY LENDER ITSELF OR
OTHERWISE, INCLUDING THE FOLLOWING ACTIONS, EACH OF WHICH MAY BE PURSUED
CONCURRENTLY OR OTHERWISE, AT SUCH TIME AND IN SUCH ORDER AS LENDER MAY
DETERMINE, IN ITS SOLE DISCRETION, WITHOUT IMPAIRING OR OTHERWISE AFFECTING THE
OTHER RIGHTS AND REMEDIES OF LENDER:
(I)
DECLARE THE ENTIRE DEBT TO BE IMMEDIATELY DUE AND PAYABLE;
(II)
GIVE SUCH NOTICE OF DEFAULT AND OF ELECTION TO CAUSE THE TRUST
PROPERTY TO BE SOLD AS MAY BE REQUIRED BY LAW OR AS MAY BE NECESSARY TO CAUSE
BENEFICIARY TO EXERCISE THE POWER OF SALE GRANTED HEREIN; BENEFICIARY SHALL THEN
RECORD AND GIVE SUCH NOTICE OF BENEFICIARY'S SALE AS THEN REQUIRED BY LAW AND,
AFTER THE EXPIRATION OF SUCH TIME AS MAY BE REQUIRED BY LAW, MAY SELL THE TRUST
PROPERTY AT THE TIME AND PLACE SPECIFIED IN THE NOTICE OF SALE, AS A WHOLE OR IN
SEPARATE PARCELS AS DIRECTED BY BENEFICIARY, OR BY TRUSTOR TO THE EXTENT
REQUIRED BY LAW, AT PUBLIC AUCTION TO THE HIGHEST BIDDER FOR CASH IN LAWFUL
MONEY OF THE