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201201883 Beneficiary and in form acceptable to Beneficiary. In event of loss, Trustor shall give immediate notice by mail to Beneficiary, who may make proof of loss if not made promptly by Trustor, and each insurance company concerned is hereby authorized and directed to make payment of such loss directly to Beneficiary instead of to Trustor and Beneficiary jointly; and the insurance proceeds, or any part thereof, may be applied by Beneficiary at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damages. In event of conveyance to Beneficiary, or other transfer of title to the covered premises in extinguishment of the indebtedness secured hereby, all right, title, and interest of Trustor in and to any insurance policies then in force shall pass to the Purchaser or Grantee. (d) If Trustor defaults in any of the covenants or agreements contained herein, or in the Note secured hereby, then Beneficiary may perform the same, and all expenditures made by Beneficiary in so doing shall draw interest at the rate provided for the principal indebtedness, and shall be repayable by Trustor to Beneficiary, and, together with interest and costs accruing thereon, shall be secured by this Trust Deed. (e) On the request of Beneficiary, Trustor shall execute and deliver a supplemental Note or Notes for the sum or sums advanced by Beneficiary for the alteration, modernization, improvement, maintenance, or repair of such premises, for taues or assessments against the same, and for any other purpose authorized hereunder. Such Note or 1`•Totes shall be secured hereby with equal priority and as fully as if the advance evidenced thereby were included in the Note first described above. Such supplemental Note or Notes shall bear interest at the rate provided for in the principal indebtedness and shall be payable in approximately equal monthly payments for such period as may be agreed upon by Trustor and Beneficiary. On failure to agree on the maturity, the whole of the sum or sums so advanced shall be due and payable immediately upon demand by Beneficiary. (� Beneficiary may appear in and defend any action or proceeding purporting to affect the security hereof, and Trustor shall pay all costs and expenses, including costs of evidence of title and attorney's fees in a reasonable sum, in such action or proceeding in which Beneficiary may appear. 5. ASSIGNMENT: This Deed of Trust may not be assigned or assumed without the express written consent of the Beneficiary hereunder which consent shall not be unreasonably withheld. 6. CONDEMNATION: Any award of compensation or damages in connection with any condemnation for public use of or injury to such property or any part thereof is hereby assigned and shall be paid to Beneficiary, who may apply or release such moneys received by him in the same manner and with the same effect as above provided for disposition of proceeds of fire or other insurance. 7. WAIVER CLAUSE: By accepting payment of any sum secured hereby after its due date, Beneficiary does not waive its right either to require prompt payment when due of all other sums so secured or to declare default for failure so to pay. 8. CONSENT, PARTIAL RECONVEYANCE, ETC.: At any time or from time to time, without liability therefor and without notice, on written request of Beneficiary and presentation of this Trust Deed and such Note for endorsement, and without affecting the personal liability of any person for payment of the indebtedness secured hereby, Trustee may: recovery all or any part of such property; consent to the making of any map or plat thereof; join in granting any easement thereon; or join in any extension agreement or any agreement subordinating such Trust Deed to subsequent liens or charges therein. - 2 -