Common use of Deed of Trust Provisions Clause in Contracts

Deed of Trust Provisions. (a) If this Mortgage is recorded in the Commonwealth or State of Arizona, California, Colorado, Idaho, Maryland, Missouri, Nebraska, Nevada, New Mexico, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, Washington State, West Virginia or in the District of Columbia, then this Mortgage is intended to legally constitute a deed of trust, and all provisions of this Section 34 shall apply to this Mortgage and to the Trustee hereunder. If this Mortgage is recorded in any other state (except for Georgia or Louisiana), then this Mortgage is intended to constitute a mortgage. In any state where this instrument is a mortgage, Beneficiary shall hold and may exercise any and all rights and remedies which are available to Beneficiary hereunder or Trustee hereunder.