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201807643 have the option of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby and in such order as Beneficiaries may determine, (ii) to the Trustors to be used for the repair or restoration of the Property or (iii) for any other purpose or object satisfactory to Beneficiaries without affecting the lien of this Deed of Trust for the full amount secured hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under the Note, or cure any default thereunder or hereunder. 6. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, Beneficiaries are entitled to collect and receive all compensation which may be paid for any Property taken or for damages to Property not taken, and Beneficiaries shall apply such compensation, at its option, either to a reduction of the indebtedness secured hereby or to repair and restore the Property so taken. 7. Performance by beneficiaries. Beneficiaries may, but shall have no obligation to, do any act which Trustors have agreed but failed to do, and Beneficiaries may also do any act it deems necessary to protect the lien hereof. Trustors agree to repay, upon demand, any sums so expended by Beneficiaries for the above purposes, and any sum so expended by Beneficiaries shall be added to the indebtedness secured hereby and become secured by the lien hereof. Beneficiaries shall not incur any personal liability because of anything they may do or omit to do hereunder. 8. Assignment of Rents. Beneficiaries shall have the right, power and authority during the continuance of this Deed of Trust to collect the rents, issues and profits of the Property and of any personal property located thereon with or without taking possession of the Property affected hereby, and Trustors hereby absolutely and unconditionally assigns all such rents, issues and profits to Beneficiaries. Beneficiaries, however, hereby consents to Trustors' collection and retention of such rents, issues and profits as they accrue and become payable, so long as Trustors are not, at such time, in default with respect to payment of any indebtedness secured hereby, or in the performance of any agreement hereunder. If any event of default described hereafter in respect to this Deed of Trust shall have occurred and be continuing, Beneficiaries, as a matter of right and without notice to Trustors or anyone claiming under Trustors, and without regard to the value of the trust estate or the interest of the Trustors therein, shall have the right to apply to any court having jurisdiction to appoint a receiver of the Property. 9. Inspections. Beneficiaries, or their agents, representatives or workmen, are authorized to enter at any reasonable time upon or in any part of the Property for the purpose of inspecting the same and for the purpose of performing any of the acts it is authorized to perform under the terms of any loan instruments executed by Trustors. 10. Transfer of Property. If all or any part of the Property or any interest of Trustors therein is sold, transferred or further encumbered without the express or written consent of Beneficiaries, Beneficiaries may, at their sole option, declare all sums secured by this Deed of Trust to be immediately due and payable and proceed to the remedies available to it under the default provisions contained herein. 11. Events of Default. Any of the following events shall be deemed an event of default hereunder: (a) Trustors shall have failed to make payment or any installment of interest, principal, principal and interest, or any other sums secured hereby when due; (b) There has occurred a breach of or default under any term, covenant, agreement, condition, provision, representation or warranty contained in this Deed of Trust, the note or any other loan instrument secured hereby; (c) There has been a default by the Trustors in the payment of any prior or subsequent lien or encumbrance in respect to all or any part of the Property; (d) Trustors shall file a voluntary petition in bankruptcy or shall be adjudicated bankrupt or insolvent, or shall make an assignment for the benefit of creditors 3