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00000007859
<br />therein, or upon this Deed of Trust or the Note; provided, however, that in
<br />the event of any change of the law providing for the taxation of deeds of
<br />trust or debts thereby secured so as to affect this Deed of Trust, the entire
<br />indebtedness secured hereby shall at the option of the Beneficiary become due
<br />and payable; (c) to keep the above - described Property and the improvements
<br />thereon in good condition and repair and not to commit or suffer waste
<br />thereof, and except as authorized in any schedule annexed hereto and forming
<br />a part hereof, neither to remove nor permit the removal of any timber,
<br />buildings, oil, gas, minerals, stone, rock, clay, fertilizer, gravel or top
<br />soil without the prior written consent of Beneficiary; (d) to maintain and
<br />deliver to Beneficiary policies of insurance against such hazards on the
<br />buildings and improvements now or hereafter located on or constituting a part
<br />of the Property as the Beneficiary shall require, in such companies and
<br />amounts and with such loss payable clauses as shall be satisfactory to the
<br />Beneficiary; that in the event of loss, Beneficiary is expressly authorized
<br />to settle or compromise claims under said policies and the proceeds thereof
<br />shall be paid to the Beneficiary who may apply the same or any part thereof
<br />on the indebtedness secured hereby or toward the reconstruction or repair of
<br />said buildings and improvements or release same to the Trustor; (e) to pay
<br />any lien, claim or charge against the Property which might take precedence
<br />over the lien hereof; (f) to pay on demand all legal expenses, title
<br />searches, appraisal or attorneys' fees reasonably incurred or paid by
<br />Beneficiary to collect the Note or foreclose or protect the lien of this Deed
<br />of Trust; (g) that in the event Trustor shall fail to comply with the
<br />provisions of (a) through (f) above, the Beneficiary may expend such funds
<br />and take such action as is necessary to remedy such failure and all sums paid
<br />by the Beneficiary pursuant hereto with interest at the rate hereinafter
<br />provided shall constitute a lien upon the Property, shall be secured by this
<br />Deed of Trust, and shall be immediately due and repayable to the Beneficiary;
<br />(h) not to sell the Property or any portion thereof; and in the event of any
<br />sale herein prohibited, then the entire indebtedness secured by this Deed of
<br />Trust shall, at the option of the Beneficiary, become due and payable; (i)
<br />that if the Property or any part or parcel thereof shall be taken or damaged
<br />under the power of eminent domain, the award for any Property so taken or
<br />damaged (including severance damages to the remaining premises) shall be paid
<br />to the Beneficiary and applied in full or in part at the option of the
<br />Beneficiary in reduction of the indebtedness hereby secured; (j) that the
<br />Beneficiary shall have the right to inspect the Property at such reasonable
<br />times as the Beneficiary may desire to determine Trustor's compliance with
<br />the covenants contained in this Deed of Trust; (k) that the Beneficiary may
<br />release from the lien hereof any part or parcel of the Property without
<br />requiring any consideration therefor, and (1) that Trustor is lawfully seized
<br />of said premises and Property in fee simple, that the same are free from all
<br />liens and encumbrances except as may otherwise be specifically noted herein
<br />or waived in writing by the Beneficiary; that Trustor will execute or procure
<br />any further necessary assurances of title and does hereby warrant generally
<br />the title to said Property and will forever defend the same against the
<br />claims and demands of all persons whomsoever, and that Trustor's separate
<br />estate, whether vested, contingent or in expectancy, is hereby conveyed and
<br />Trustor does hereby expressly waive, release all rights and benefits of any
<br />homestead, dower, curtesy, appraisement, exemption and stay laws of this
<br />state. It is agreed that the interest provided for in subsection (g) above
<br />shall be at the same rate as specified in the Note secured hereby on the
<br />principal thereof after default and maturity.
<br />SECOND. In the event Trustor, without the prior written consent of
<br />Beneficiary, shall sell, transfer or convey or contract to sell, transfer or
<br />convey the Property, or any part thereof or any interest therein, the entire
<br />balance of the indebtedness hereby secured shall become and be immediately
<br />due and payable at the option of Beneficiary; provided, however, Beneficiary
<br />may waive such option to accelerate if, prior to such sale, transfer or
<br />conveyance or contract therefor, Beneficiary and the person to whom the
<br />property is to be sold or transferred reach an agreement in writing that the
<br />credit of such person is satisfactory to Beneficiary and that the interest
<br />payable on the sums secured by this Deed of Trust shall be at such rate as
<br />Beneficiary shall request.
<br />THIRD. That as further security for the payment of the Note and the
<br />indebtedness thereby evidenced and the performance of all of the terms,
<br />covenants and conditions hereof, Trustor agrees that Beneficiary shall and
<br />does hereby have the right, power and authority during the continuance of
<br />this Deed of Trust to collect the rents, issues and profits of the Property
<br />
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