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r <br />89-"� x.04392 <br />7. Additional f iciarzon <br />1jecurLt,y0 Trustor shall make all payments of interest and <br />principal and payaents'of any other changes, fees and expenses <br />contracted to be paid to any existing lienholders"Or prior <br />beneficiaries under any prior dead of trust or mortgage before <br />the data they are delinquent and prompt i:�r pay and discharge any. <br />and all other liens, claims or charges-Mich may jeopardise the <br />security grantod�horein. If Trustor fails to make any such <br />payment oar fails-.to perform any of the covenants and agreements <br />contained in this reed of Trust, or in any prior mortgage or deed <br />of trust, or if any action or proceeding is commenced which <br />materially affects Beneficiary's, interest in the Property, <br />Including, but not limited to, 6sinent domain proceedings, or <br />proceedings involving a decadent, or it Trustor fails to pay <br />Trustor's debts generally as they become due, than Beneficiary, <br />at Bensficiary•s option and without notice to or demand upon <br />Trustor and without releasing Trustor from any obligati <br />hereunder, may make such appearance, disburse such sUms,-and <br />take such action as is necessary to protect Beneficiary's <br />Interest, including, but not limited to, disbursement of <br />reasonable attorney's fees, payment, purchase, contest or <br />compromise: of any encumbrance, charge or lien, and entry upon the <br />Property to make repairs. In the event that Trustor shall fail <br />to procurer insurance or to pay taxes, assessments, or any other <br />charges or to make any payments to existing prior lienholders or <br />beneficiaries, Beneficiary may procure such insurance maid make <br />such payment. Any amounts disbursed by Beneficiary want th <br />tbie Paragraph 7 shall become add tt ional ind - . '.4f Tr, 6r: <br />secx'red by die, Doed of Trust. Such amounts shall h� �yabl *.. <br />upon _ notic* t'ros Beneficiary to Trustor requesting payment <br />th*z*of, . e;md shall bear interest from the data of disbursement at <br />the rats payable from time to time on outstanding principal under <br />the Note unless payment of interest at such rate would be <br />contrary to applicable law, in which event such amounts shall <br />bear interest at the highest rate permissible under applicable <br />law. Nothing contained in this Paragraph 7 shall require <br />Beneficiary to incur any expense or take any act.ign hereunder.' <br />S. ASsignsent of Rents, 'Beneficiary shall have the <br />right, power and authority during the continuance of this Deed of <br />Trust to Cal .tact the rants, issues and profits of the Property <br />and of any personal property located thereon with or without <br />taking possession of the property affected hereby, and Trustor <br />hereby absolutely and unconditionally assigns all such rents, <br />issues and profits to 86�oftciary. Beneficiary, however, hereby <br />consents to the Trustor's collection and rotention of such rents, <br />issues and profits as they accru* and beccae p gable so long as <br />Trustor is not, at such time, in default with respect to payment <br />of any indebtedness secured hereby, or in the performance of any <br />agrasaent boteunder. upon any such default, Beneficiary may at <br />any tine, either in person, by agent, or.by a receiver to be <br />4 <br />L <br />