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time request for the protection by insurance of the interest of the respective parties. All insurance policies maintained pursuant to this Deed of Trust shall name Trustor and Beneficiary as insureds, as their respective interests may appear, and provide that there shall be no cancellation or modification without written notice to Beneficiary fifteen (15) days prior to its expiration date. In the event of cancellation of such insurance, Trustee or Beneficiary may procure such insurance and the cost thereof shall be added to the Obligations secured by this Deed of Trust and shall bear interest from the date of disbursement at the rate payable from time to time on the outstanding principal under the Promissory Note unless payment of interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest interest rate authorized by applicable law. Upon Beneficiary's request, Trustor shall deliver to Beneficiary evidence (including copies of the insurance policies, certificates and/or endorsements) that all insurance policies, coverages and riders required pursuant to this Deed of Trust are in effect and that Beneficiary has been named as mortgagee /lender's loss payee, mortgagee or additional insured on such policies. Failure to furnish such evidence of insurance by Trustor, or renewals as required hereunder shall, at the option of Beneficiary, constitute a default. 6. Taxes, Assessments and Charges. Trustor shall pay all taxes, assessments and other charges, including, without limitation, fines and impositions attributable to the Property before the same become delinquent. Trustor shall promptly furnish Beneficiary all notices of amounts due under this Section 6, and Trustor shall promptly furnish to Beneficiary receipts evidencing such payments upon request. Trustor shall pay all taxes and assessments levied upon this Deed of Trust or the Obligations secured hereby, together with any other taxes or assessments which may be levied against the Trustee or Beneficiary or the legal holder of the Promissory Note. 7. Additional Liens and Protection of Beneficiary's Security. Trustor shall make all payments of interest and principal and payments of any other charges, fees and expenses required to be paid by the terms of any prior or subsequent deed of trust or mortgage before the date they are delinquent or in default, and promptly pay and discharge any and all other liens, claims or charges which may jeopardize the security granted herein. If (a) Trustor fails to make any such payment or fails to perform any of the covenants and agreements contained in this Deed of Trust, or the Promissory Note referred to herein, or in any prior or subsequent mortgage or any prior or subsequent deed of trust; or (b) if any action or proceeding is commenced which materially affects Beneficiary's interest in the Property, including, but not limit to, eminent domain proceedings, proceedings involving a decedent, notice of sale by Trustee, notice of default by Trustee, or mortgage foreclosure action; then Beneficiary, at Beneficiary's option and without notice to or demand upon Trustor and without releasing Trustor from any obligation hereunder, may make such appearances, disburse such sums and take such action as is necessary to protect Beneficiary's interest. Such action may include, but is not limited to, disbursement of reasonable attorney's fees, payment, purchase, contest or compromise of any encumbrance, charge or lien, entry upon the Property to make repairs, or declaration of default under this Deed of Trust and Note referred to herein, and sale or foreclosure thereunder. In the event that Trustor shall fail to procure insurance or to pay taxes, assessments, or any other charges or to make any payments to any existing prior or subsequent lienholders or prior or subsequent beneficiaries, Beneficiary may procure such insurance and make such payment, but shall not be obligated to do so. Any amounts disbursed by Beneficiary pursuant to this Section 7 shall become additional 4830 - 2329 - 68392 5 201702895