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200007611 As stated, the undersigned acknowledges that this conveyance to Trustee is given for the purpose of securing a Promissory note from NATHAN DETROIT'S, INC. AND ROBERT MAHOOD, Individual, Maker, in the principal sum of $50,000.00 dated August sEo T s, z a c X9%. If Maker fails to make any installment when due, the Trustor (Maker) understands that this Trust Deed may be foreclosed in the manner provided for by law�any sEP is, Z c o J PIt is agreed that the interest on the note commences . If payment is not paid when due the unpaid balance of the principal shall bear interest thereafter at the legal rate. 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 Trustor shall: A. Retain possession of the premises and collect the rents and revenues therefrom. B. Maintain the buildings and improvements located thereon in good condition and repair; said buildings and improvements thereon shall not be removed or sold without the written agreement and consent of all parties hereto. C. Pay all taxes and assessments levied or assessed against or due upon said premises before delinquency, and to deliver to Beneficiary copies of receipts showing payment of such taxes, if so desired by said Beneficiary. D. Keep said property insured with a company satisfactory to Beneficiary against loss, as appropriate, against all risks, including, but not limited to fire and extended coverage, wind and hail, with loss payable to Beneficiary, and will on demand provide copies of said policy of insurance or furnish proof of such insurance to Beneficiary and Beneficiary shall be named as a loss payee under all such insurance, but in the event of a loss, any payments made to Beneficiary shall reduce the principal sum then due and owing under and by virtue of this Trust Deed and Trust Deed Promissory Note. Any insurance proceeds received, in the event of a loss, may be used to repair damaged property, but only so long as the Beneficiary consents, but such consent will - -- If the Beneficiary determines that said insurance is inadequate to protect their interests, Beneficiary may at its option, procure such insurance, discharge taxes, liens or security interests or other encumbrances at any time levied or placed upon the real property, and pay for the repair of damage or injury to or for the preservation and maintenance of the home and real property. Trustor agrees to reimburse Beneficiary on demand for any payment of expenses incurred by Trustee pursuant to the foregoing authorization. Until such reimbursement, the amount of any such payment, with interest at the rate of 10% annum from date of payment until reimbursement shall be added to the indebtedness owed by Trustor. It is further agreed by the Trustor that he will 2