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20011121$ <br />interest computed annually on the unpaid balance, pursuant to an <br />amortization schedule, a copy of which has been provided to each <br />of the parties hereto, and remainder of each payment of each <br />installment to be applied to principal. All payments due <br />hereunder shall be paid at the residence of the BENEFICIARIES or <br />the holder of said security shall designate in writing. <br />It is agreed by and between the parties hereto that while <br />title is vested in the TRUSTEE and until filing of Notice of <br />Default, the TRUSTORS shall: <br />A.- Retain possession of the property at all times, except as may <br />be otherwise agreed by the parties in writing. <br />B. Maintain the building and its improvements and all personal <br />property sold under the parties' Contract for Sale of Real <br />Estate, in good condition and repair. <br />C. Pay all general and special taxes and all special assessments <br />of every kind levied or assessed against or due upon said <br />property before delinquency, and to deliver to BENEFICIARIES <br />copies of receipts showing payment of such taxes. <br />TRUSTORS covenant and agree that a failure to make any <br />payment, either principal or interest, on the Note secured hereby <br />and upon a continuing non - payment for period of Ninety (90) days <br />of any installment, such failure to make payments shall constitute <br />a default of the Promissory Note and this Deed of Trust. In the <br />event Trustors should fail to comply with any of the covenants and <br />agreements herein made, BENEFICIARIES shall be entitled to declare <br />the whole sum of money hereby secured to become immediately due <br />and collectible at the option of the BENEFICIARIES, and <br />BENEFICIARIES shall have the right to cause Notice of Default to <br />be given and the premises to be sold as provided herein. <br />The parties mutually agree as follows: <br />A. At any time and from time to time upon written request of <br />BENEFICIARIES, payment of fees and presentation of this Deed <br />of Trust and the Note for endorsement (in case of full <br />reconveyance, for cancellation and retention), without <br />affecting the liability of any person for the payment of the <br />indebtedness, TRUSTEE may (a) consent to the making of any <br />map or plat of said property; (b) join in granting any <br />easement or creating any restriction thereon; (c) join in any <br />subordination of other agreement affecting this Deed of Trust <br />or the lien or charge thereof; (d) reconvey this Deed of <br />3 <br />