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THIS DEED OF TRUST SHALL SECURE: 200102833 (a) The payment of indebtedness evidenced by Trustor's note of even date herewith in the principal sum of One Hundred Fifty - seven Thousand Five Hundred and No /100 Dollars ($157,500.00), together with interest at the rate or rates provided therein, (herein, together with any and all renewals, modifications, and extensions thereof, referred to as the "Note ") both principal and interest on the Note being payable in accordance with the terms set forth therein, reference to which is hereby made, the final payment of principal and interest, if not sooner paid and if no renewals, modifications or extensions are made, due and payable on April 1, 2011; and (b) The performance of each agreement and covenant of Trustor herein contained; and (c) The payment of any additional sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this Deed of Trust; and (d) The payment of any future advances necessary to protect the security; and (e) The payment of any future advance made at the option of the parties, including, but not limited to, any amounts paid by the Beneficiary for real estate taxes or insurance or maintenance of the real estate upon the Trustor's failure to pay the same; and (f) The performance of an obligation of any other person named in this Trust Deed to a beneficiary. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS: 1. Payment of Principal and Interest. Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Note, and all other charges and fees as provided in the Note, and the principal of and interest on any Future Advances secured by this Deed of Trust. 2. Warranty of Title. Trustor is lawfully seized and possessed of good and indefeasible title and estate to the Property hereby conveyed and has the right to grant and convey the Property; the Property is free and clear of all liens and 2