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<br />2. Title. Trustor is the owner of the property and has the right and authority to execute this
<br />Deed of Trust in respect to the property.
<br />3. Taxes and Assessment. To pay, when due, all taxes, special assessments and all other
<br />charges against the property, before the same become delinquent, and, in the event Beneficiary shall
<br />so require, to add to the payments required under the note secured hereby, such amount as may be
<br />sufficient to enable 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
<br />described herein insured against damage by fire and such other hazards as Beneficiary may require,
<br />in amounts and companies acceptable to Beneficiary, and with loss payable to Beneficiary. In case
<br />of loss under such policies, Beneficiary is authorized to adjust, collect and compromise, in its
<br />discretion, all claims thereunder and, at its sole option, is authorized to either apply the proceeds to
<br />the restoration of the property or upon the indebtedness secured hereby, but payments required by
<br />the note shall continue until the sums secured hereby 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,
<br />without waste and free from mechanics or other liens not expressly subordinated to the lien hereof;
<br />to not make, suffer or permit any nuisance to exist nor to diminish or impair the value of the property
<br />by any act or omission of act; and to comply with all requirements of law without respect to the
<br />property.
<br />6. Condemnation. In the event the property, or any part thereof, shall be taken by eminent
<br />domain, Beneficiary is entitled to collect and receive all compensation which may be paid for any
<br />property taken or for damages to property not taken, and Beneficiary shall apply such compensation,
<br />at its option, either to a reduction of the indebtedness secured hereby or to repair and restore the
<br />property so taken.
<br />7. Performance by Beneficiary. Beneficiary may, but shall have no obligation to, do any act
<br />which Trustor has agreed but failed to do, and Beneficiary may also do any act it deems necessary
<br />to protect the lien hereof. Trustor agrees to repay, upon demand, any sums so expended by
<br />Beneficiary for the above purposes, and any sum so expended by Beneficiary shall be added to the
<br />indebtedness secured hereby and become secured by the lien hereof. Beneficiary shall not incur any
<br />personal liability because of anything 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
<br />personal property located thereon with or without taking possession of the property affected hereby,
<br />and Trustor hereby absolutely and unconditionally assigns all such rents, issues and profits to
<br />Beneficiary. Beneficiary, however, hereby consents to Trustor's collection and retention of such
<br />rents, issues and profits as they accrue and become payable, so long as Trustor is not, at such time,
<br />in default with respect to payment of any indebtedness secured hereby, or in the performance of any
<br />agreement hereunder. If any event of default described hereafter in respect to this Deed of Trust
<br />shall have occurred and be continuing, Beneficiary, as a matter of right and without notice to Trustor
<br />or anyone claiming under Trustor, and without regard to the value of the trust estate or the interest
<br />of the Trustor therein, shall have the right to apply to any court having jurisdiction to appoint a
<br />receiver of the property.
<br />9. Transfer of Property. If all or any part of the property or any interest of Trustor therein
<br />is sold, transferred or further encumbered without the express or written consent of Beneficiary,
<br />Beneficiary may, at its sole option, declare all sums secured by this Deed of Trust to be immediately
<br />due and payable and proceed to the remedies available to it under the default provisions contained
<br />therein.
<br />10. Events of Default. Any of the following events shall be deemed an event of default
<br />hereunder:
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