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<br />restriction. Trustor shall complete or restore promptly and in good workmanlike manner
<br />any improvement on the property which may be damaged or destroyed and pay, when due,
<br />all claims for labor performed and materials furnished therefor and for any alterations
<br />thereof.
<br />4. Insurance: Trustor, at its expense, will maintain with insurers approved by the
<br />Beneficiary, insurance with respect to the Improvements and personal property,
<br />constituting the Property, against loss by fire, lightening, tornado, and other perils and
<br />hazards covered by standard extended coverage endorsement, in an amount equal to at
<br />least the unpaid principal balances of the Note and any accrued interest thereon. All
<br />insurance policies maintained pursuant to this Deed of Trust shall name the Trustor and
<br />Beneficiary as insured, as their respective interests may appear, and provide that there
<br />shall be no cancellation or modification without no less than fifteen (15) days prior written
<br />notification to the Trustee and Beneficiary. In the event any policy hereunder is not
<br />renewed on or before fifteen (15) days prior to its expiration date, the Trustee or
<br />Beneficiary may incur such insurance and renewals thereof or memo copies of such
<br />policies and renewals thereof. Failure to furnish such insurance by Trustor, or renewals as
<br />required hereunder shall, at the option of the Beneficiary, constitute a default.
<br />5. Taxes, Assessments and Charges: Trustor shall pay all taxes, assessments
<br />and other charges, including, without limitation, leasehold payments or ground rents, if any,
<br />before delinquency, without notice of demand, and shall provide Beneficiary with evidence
<br />of the payment of the same. Trustor shall pay all taxes and assessments which may be
<br />levied upon Beneficiary's interest herein or upon this Deed of Trust or the debt secured
<br />hereby, without regard to any law that may be enacted imposing payment of the whole or
<br />any part thereof upon the Beneficiary.
<br />6. Additional Liens and Protection of Beneficiary's Security: Trustor shall make
<br />all payments of interest and principal and payments of any other charges, fees and
<br />expenses contracted to be paid to any existing lien holders or prior Beneficiary under any
<br />prior deed of trust or mortgage before the date they are delinquent and promptly pay and
<br />discharge the security granted herein. If Trustor fails to make any such payment or fails to
<br />perform any of the covenants and agreements contained in this Deed of Trust, or in any
<br />prior mortgage or deed of trust, or if any action of proceeding is commenced which
<br />materially affects Beneficiary's interest in the Property, including, but not limited to, eminent
<br />domain proceedings, or proceedings involving a decedent, or if Trustor fails to pay
<br />Trustor's debts generally as they become due, the Beneficiary, at Beneficiary's option and
<br />without notice to or demand upon Trustor and without releasing Trustor from any obligation
<br />hereunder, may make such appearances, disburse such sums, and take such action as is
<br />necessary to protect Beneficiary's interest, including but not limited to, disbursement of
<br />reasonable attorney's fees, payment, purchase, contest or compromise of any
<br />encumbrance, charge or lien, and entry upon the Property to make repairs. In the event
<br />that Trustor shall fail to procure insurance or to pay taxes, assessments, or any other
<br />charges or to make any payments to any existing prior lien holders or Beneficiary,
<br />Beneficiary may procure such insurance and make such payment. Any amount disbursed
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