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202107664 Dollars ($87,500.00), together with interest at the rate or rates provided therein, or the principal and interest on any future advance as evidenced by promissory notes stating they are secured hereby, and any and all renewals, modifications and extensions of such notes, both principal and interest on the notes being payable in accordance with the terms set forth therein and the amortization schedule attached thereto, which by this reference are hereby made a part hereof; (b) the performance of each agreement and covenant of Trustors herein contained; and (c) the payment of any sum or sums of money which may be hereafter paid or advanced by Beneficiary under the terms of the Deed of Trust, together with interest thereon at the rate provided in the Note. To protect the security of this Deed of Trust, Trustor hereby covenant and agree as follows: 1. Payment of Indebtedness. To pay when due, the principal of, and the interest on, the indebtedness evidenced by the Note, charges, fees and all other sums as provided in the loan instruments. 2. Title. Trustor is the owner of the property and has the right and authority to execute this Deed of Trust in respect to the property. 3. Taxes and Assessment. To pay, when due, all taxes, special assessments and all other charges against the property, before the same become delinquent, and in the event Beneficiary shall so require, to add to the payments required under the note secured hereby, such amount as may be sufficient to enable Beneficiary to pay such taxes, assessments or other charges as they become due. 4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured against damage by fire and such other hazards as Beneficiary may require, in amounts and companies acceptable to Beneficiary, and with loss payable to Beneficiary. In case of loss under such policies, Beneficiary is authorized to adjust, collect and compromise, in its discretion, all claims thereunder and, at his sole option, is authorized to either apply the proceeds to the restoration of the property or upon the indebtedness secured hereby, but payments required by the Note shall continue until the sums secured hereby are paid in full. 2