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200007571 It is agreed by and between the parties hereto that while title is vested in the TRUSTEE and until filing of Notice of Default, the TRUSTORS shall: A. Retain possession of the property at all times, except as may be otherwise agreed by the parties in writing. B. Maintain the building and its improvements and all personal property sold under the parties' Contract for Sale of Real Estate, in good condition and repair. C. Pay all general and special taxes and all special assessments of every kind levied or assessed against or due upon said property before delinquency, and to deliver to BENEFICIARIES copies of receipts showing payment of such taxes. D. Procure and maintain policies of all -risk insurance on said improvements, in sums and underwritten by companies acceptable to the BENEFICIARIES, in an amount of at least One Hundred Fifty Thousand Dollars ($150,000.00), which policies shall name the BENEFICIARIES as additional insureds, with the loss proceeds payable to the parties as their interests may appear hereunder. TRUSTORS agree to provide BENEFICIARIES with copies of such policies or certificates of insurance during the term of this indebtedness, which policies of insurance may not be cancelled by said carrier without fifteen (15) days written notice to BENEFICIARIES. TRUSTORS covenant and agree that a failure to make any payment, either principal or interest, on the Note secured hereby when due and payable, or a failure to comply with any of the covenants and agreements herein made shall cause the whole sum of money hereby secured to become immediately due and collectible at the option of the BENEFICIARIES, and BENEFICIARIES shall have the right to cause Notice of Default to be given and the premises to be sold as provided herein. The parties mutually agree as follows: A. At any time and from tine to t '-nie upon written request of BENEFICIARIES, payment of fees and presentation of this Deed of Trust and the Note for endorsement (in case of full reconveyance, for cancellation and retention), without affecting the liability of any person for the payment of the indebtedness, TRUSTEE may (a) consent to the making of any map or plat of said property; (b) join in granting any easement or creating any restriction thereon; (c) join in any subordination or other agreement affecting this Deed of Trust or the lien or charge thereof; (d) reconvey this Deed of Trust or the lien or charge thereof; (d) reconvey, without warranty, all or any part of said property. B. The ,grantee in any Deed of Reconveyance may be described as "the person or persons entitled thereto ", and the recitals therein of any matters or facts shall be conclusive proof of the truthfulness thereof. C. Upon default by TRUSTORS in the payment of indebtedness secured hereby or in the performance of any agreement 17�—reu.rder =,tir,uirg for a. period. of 30 days, BENEFICIARIES may declare all sums secured hereby immediately due and payable by delivery to TRUSTEE of written declaration of default. If BENEFICIARIES desire said property to be sold, they shall deposit with TRUSTEE this Deed of Trust and all promissory notes and documents evidencing expenditures secured hereby, and shall deliver to TRUSTEE a written Notice of Default and election to cause said property to be sold in the form required by law, which shall be duly filed for record by TRUSTEE. (1) After the lapse of such time as may be required by law (presently being one (1) month following the recordation -2-