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6. Taxes and Assessments. Trustor shall pay all taxes and special assessments
<br />levied or assessed against or due upon the Property before delinquency, and will
<br />deliver to Beneficiary copies of receipts showing payment of such taxes and
<br />special assessments. If Beneficiary shall so request, Trustor agrees that there
<br />shall be added to each periodic payment required to be made hereunder an amount
<br />estimated by Trustee to be sufficient to enable Trustor to pay, at least 30 days
<br />before delinquency, all taxes, assessments or other public charges against the
<br />Trust Property, the Note secured by this Trust Deed, or upon account of the debt
<br />or the lien of this Trust Deed, together with premiums for insurance required to
<br />be provided under this Trust Deed and no interest shall be payable to Trustor in
<br />respect thereof. Upon demand by Trustee, Trustor shall deliver to Trustee such
<br />additional sums of money as are necessary to make up any deficiency in the
<br />amounts necessary to enable Trustee to pay any of the foregoing items.
<br />7. Additional Liens. Trustor shall make all payments of interest and
<br />principal and payments of any other charges, fees, and expenses contracted to be
<br />paid to any existing lien holders or prior beneficiaries under any prior Trust
<br />Deed, Mortgage or other security agreement, before the date they are delinquent
<br />and to pay any other claim which jeopardizes the security granted herein.
<br />8. Protection of Beneficiary's Security. Should Trustor fail to make any
<br />payment, fail to do any act as herein provided, or if any action or proceeding is
<br />commenced which materially affects Beneficiary's interest in the Property,
<br />including, but not limited to, eminent domain, insolvency, arrangements or
<br />proceedings involving a bankrupt or decedent, then Beneficiary or Trustee but
<br />without obligation to do so, and without notice to or demand upon Trustor, and
<br />without releasing Trustor from any obligation hereunder, may make or do the same,
<br />and may pay, purchase, contest or compromise any encumbrance, charge or lien,
<br />which in the judgment of either appears to affect said Property; in exercising
<br />any such powers the Beneficiary or Trustee may incur any liability and expend
<br />whatever amounts, including disbursements of reasonable attorney's fees, which in
<br />their absolute discretion, may be necessary In the event that Trustor shall fail
<br />to procure insurance or to pay taxes, and special assessments or to make any
<br />payments to existing or prior lien holders or beneficiaries, the Beneficiary may
<br />procure such insurance and make such payments. All sums incurred or expended by
<br />Beneficiary or Trustee in accordance with the provisions of this Trust Deed are
<br />secured hereby and, without demand, shall be immediately due and payable by
<br />Trustor and shall bear interest at the maximum allowable legal rate; provided,
<br />however, that at the option of Beneficiary or Trustee such sums may be added to
<br />the principal balance of any indebtedness secured hereby and shall bear the same
<br />interest as such indebtedness and shall be payable ratably over the remaining
<br />term thereof.
<br />9. Remedies Cumulative. All remedies provided in this Trust Deed are distinct
<br />and cumulative to any other right or remedy under this Trust Deed or afforded by
<br />law or equity, and may be exercised concurrently, independently or successively.
<br />10. Acceleration; Remedies; Sale. Upon default by Trustor in the payment of
<br />any indebtedness secured hereby or in the performance of any agreement hereunder,
<br />Beneficiary may declare all sums secured hereby immediately due and payable by
<br />delivery to Trustee of written declaration of default. The Trustee shall have
<br />the power of sale of the Property and if Beneficiary desires the Property to be
<br />sold, it shall deposit with Trustee this Trust Deed and all promissory notes and
<br />documents evidencing expenditures secured hereby, and shall deliver to Trustee a
<br />written notice of default and election to cause the Property to be sold, and the
<br />Trustee in turn shall prepare a similar Notice in the form required by law, which
<br />shall be duly filed for record by Trustee.
<br />(a) After the lapse of such time as may be required by law following the
<br />recordation of said notice of default, and notice of default and notice of
<br />sale having been given as required by law, Trustee, without demand on
<br />Trustor, shall sell the Property on the date and at the time and place
<br />designated in said notice of sale, at public auction to the highest
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<br />2©15(688"
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