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201401557 Trustors covenants that Trustors are lawfully seised by such real estate and has the legal power and lawful authority to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons. TRUSTORS AND BENEFICIARIES AGREE AS FOLLOWS: 1. Trustors shall pay when due, the principal and interest as provided in said note. 2. All payments received by Beneficiaries shall be first applied to advances, which may have been made by Beneficiaries and then to interest due and last to principle due. 3. Trustors shall pay all general real estate taxes and special assessments against the property before the same become delinquent. 4. If Beneficiaries determines that any part of the property is subject to a lien, which is or may attain priority over this security instrument, Beneficiaries may give Trustors a notice identifying the lien and Trustors shall satisfy the lien within ten (10) days. 5. Trustors shall keep the improvements on said premises insured against loss by fire and hazards included within the term "extended coverage" for their insurable value and policies for the same shall include a standard mortgage clause showing Beneficiaries herein. In event of loss, Beneficiaries may make proof of loss if not promptly made by Trustors. Insurance proceeds shall be applied to restoration or repair of the property damaged, unless both parties otherwise agree, except if proceeds shall be paid on the debt herein, whether or not then due. Unless Beneficiaries and Trustors otherwise agree in writing, any payments or proceeds from insurance shall not extend or postpone the due date of the monthly payments provided in said note, or change the amount of the payments. 6. If Trustors fails to perform the covenants and agreements herein contained, Beneficiaries may do and pay for whatever is necessary to protect the value of the property and Beneficiaries' rights in the property, including the paying of any sum secured by a lien which has priority over this security instrument, appearing in court, paying reasonable attorney fees and entering the property to make repairs. Any amount disbursed by Beneficiaries under this paragraph shall become an additional debt of Trustors secured by this security instrument, to bear interest from the date of disbursement and said amount, together with the then unpaid principal amount, shall bear interest at the highest lawful rate until refunded by Trustors. 7. The proceeds of any condemnation award are hereby assigned and shall be paid to Beneficiaries and shall be applied to the sums secured by this security instrument, whether or not then due, with any excess paid to Trustors. 8. Any forbearance by Beneficiaries in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. Page 2