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201701068 (b) The performance of each agreement and covenant of Trustor herein contained; and (c) The payment of any sum or sums of money with interest thereon which may be hereafter paid or advanced under the terms of this Deed of Trust. BORROWER AND LENDER AGREE AS FOLLOWS: 1. Payment. Borrower shall pay when due the principal and interest as provided in said note. 2. Application of Payments. All payments received by Lender shall be first applied to advances which may have been made by Lender and then to interest due and last to principal due. 3. Taxes. Borrower shall pay all general real estate taxes and special assessments against the property before the same become delinquent. 4. Liens. If Lender determines that any part of the property is subject to a lien, which is or may attain priority over this security instrument, Lender may give Borrower a notice identifying the lien and Borrower shall satisfy the lien within 10 days. 5. Insurance. Buyer shall keep the improvements on said premises insured against Toss 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 Lender herein. In event of loss, Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be applied to restoration or repair of the property damaged, unless both parties otherwise agree, except if restoration or repair is not economically feasible or Lender's security is not lessened, otherwise said proceeds shall be paid on the debt herein, whether or not then due. Unless Lender and Borrower 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. Ownership. Borrower covenants that Borrower is lawfully seised of 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. 7. Transfer of the Property: Assumption. If all or any part of the property or interest therein is sold, transferred or otherwise conveyed by Trustor without Beneficiary's prior written consent, such action is a breach of this agreement, and Beneficiary may, at Beneficiary's option, declare all the sums secured by this Deed of Trust to be immediately due and payable, or cause the trustee to file a notice of default. Beneficiary shall have waived such option to accelerate if, prior to the sale, transfer or conveyance, Beneficiary and the person to whom the property is to be sold or transferred reach agreement in writing that the credit of such person is satisfactory to Beneficiary and that the interest payable on the sums secured by this Deed of Trust shall be at such rate as Beneficiary shall request. -2-