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201301054
<br />Beneficiary to pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate described herein
<br />insured against damage by fire and such other hazards as Beneficiary may require, in amounts and companies
<br />acceptable to Beneficiary, and with loss payable to Beneficiary. In case of loss under such policies,
<br />Beneficiary is authorized to adjust, collect and compromise, in his discretion, all claims thereunder and, at
<br />her sole option, is authorized to either apply the proceeds to the restoration of the property or upon the
<br />indebtedness secured hereby, but payments required by thenote shall continue until the sums secured hereby
<br />are paid in full.
<br />5. Repair, Maintenance and Use. To promptly repair, restore or rebuild any buildings or
<br />improvements now or hereafter on the property; to keep;the property in good condition and repair, without
<br />waste and free from mechanics or other liens not expressly subordinated to the lien hereof; to not make,
<br />suffer or permit any nuisance to exist nor to diminish or impair the value of the property by any act or
<br />omission of act; and to comply with all requirements of law without respect to the property.
<br />6. Condemnation. In the event the property, or any part thereof, shall be taken by eminent domain,
<br />Beneficiary is entitled to collect and receive all compensation which may be paid for any property taken or
<br />for damages to property not taken, and Beneficiary shall apply such compensation, at its option, either to a
<br />reduction of the indebtedness secured hereby or to repair and restore the property so taken.
<br />7. Performance by Beneficiary. Beneficiary may, but shall have no obligation to, do any act which
<br />Trustor has agreed but failed to do, and Beneficiary may also do any act he deems necessary to protect the
<br />lien hereof. Trustor agrees to repay, upon demand, any sums so expended by Beneficiary for the above
<br />purposes, and any sum so expended by Beneficiary shall be added to the indebtedness secured hereby and
<br />become secured by the lien hereof. Beneficiary shall not incur any personal liability because of anything
<br />it may do or omit to do hereunder.
<br />8. Assignment of Rents . Beneficiary shall have the right, power and authority during the
<br />continuance of this Deed of Trust to collect the rents, issues and profits of the property and of any personal
<br />property located thereon with or without taking possession of the property affected hereby, and Trustor
<br />hereby absolutely and unconditionally assigns all such rents, issues and profits to Beneficiary. Beneficiary,
<br />however, hereby consents to Trustor's collection and retention of such rents, issues and profits as they accrue
<br />and become payable, so long as Trustor is not, at such time, in default with respect to payment of any
<br />indebtedness secured hereby, or in the performance of any agreement hereunder. If any event of default
<br />described hereafter in respect to this Deed of Trust shall have occurred and be continuing, Beneficiary, as
<br />a matter of right and without notice to Trustor or anyone''dlaiming under Trustor, and without regard to the
<br />value of the trust estate or the interest of the Trustortherein, shall have the right to apply to any court having
<br />jurisdiction to appoint a receiver of the property. .
<br />9. Transfer of Property. If all or any part of the property or any interest of Trustor therein is sold,
<br />transferred or further encumbered without the express or written consent of Beneficiary, Beneficiary may,
<br />at his sole option, declare all sums secured by this Deed of Trust to be immediately due and payable and
<br />proceed to the remedies available to her under the default provisions contained therein.
<br />10. )♦vents of Default. Any of the following events shall be deemed an event of default hereunder.
<br />(a) Trustor shall have failed to make payment of any installment of principal or
<br />any other sums secured hereby when due;
<br />(b) There has occurred a breach of or default under any term, covenant, agreement,
<br />condition, provision, representation or warranty contained in this Deed of Trust, the note or
<br />any other loan instrument secured hereby;
<br />(c) There has been a default by the Trustor in the payment of any prior or
<br />subsequent lien or encumbrance in respect to all or any part of the property;
<br />(d) Trustor shall file a voluntary petition in bankruptcy or shall be adjudicated bankrupt or
<br />insolvent, or shall make an assignment for the benefit of creditors in respect to the property; or an
<br />action to enforce any lien or encumbrance or judgments against the property is commenced.
<br />11. Acceleration Upon Default. In the event of any default, Beneficiary may declare all
<br />indebtedness secured hereby to be due and payable, and the same shall thereupon become due and payable
<br />without any presentment, demand, protest or notice of any kind. Thereafter, Beneficiary may:
<br />(a) either in person or by agent, witlflftithout bringing any action or proceeding,
<br />or byreceiver appointed by a court and witi ut regard to the adequacy of any security, enter
<br />upon and take possession of the property, or any part thereof, in her own name or in the
<br />name of the Trustee, and do any acts which he deems necessary and desirable to preserve
<br />the value, marketability or rentability of the pro`}rerty, or part thereof or interest therein,
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