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202403133 DCN: 0B3264681A85BB421BA5E9E6E78E3806 (b) All sums advanced or paid by Beneficiary on account of the failure of the Trustors or Debtors to comply with the terms or covenants of this Deed of Trust or other document(s) signed by Trustors or Debtor. (c) Subject to the provisions of Paragraph 23, all future advances and future obligations as provided herein. If Trustors do and perform all of the covenants and agreements herein contained, and if Debtors make prompt payment of all indebtedness secured hereby as the same shall become due and payable, then this conveyance shall become null and void and of no further force and effect, and this Deed of Trust shall be released, at the expense of Trustors, by the Beneficiary. REPRESENTATIONS, WARRANTIES AND COVENANTS Trustors covenant and agree as follows: 1. Title. That they are lawfully seized of the Property, and have the right to convey the same, and that the Property is free from all liens and encumbrances, except as herein provided. 2. Taxes, Assessments. To protect the title and possession of the Property, and to pay when due all taxes and assessments now existing or hereafter levied or assessed upon the Property or levied or assessed on the interest therein created by this Deed of Trust, and to deliver to Beneficiary on or before thirty (30) days prior to the date such taxes become delinquent, validated receipts evidencing payment of all such taxes, and to preserve and maintain the lien hereby created as a first and prior lien, except as hereinafter provided, on the Property, including any improvements hereafter made a part of the realty. 3. Maintenance. To keep the improvements on the Property in good repair and condition, and not to permit or commit any waste thereof, and to keep all buildings and other improvements occupied so as not to impair the insurance carried thereon. 4. Insurance. To insure and keep insured all improvements now or hereafter created upon the Property against loss or damage by fire and windstorm and any other hazard or hazards, as may be reasonably required from time to time by Beneficiary during the term of the indebtedness hereby secured, to the extent of the original amount of the indebtedness hereby secured or to the extent of the full insurable value of said improvements, whichever is the lesser, in such form and with such insurance company or companies as may be approved by Beneficiary; and to deliver to Beneficiary the policies of such insurance, having attached to said policies such mortgage indemnity clause as Beneficiary shall direct; and to deliver renewals of such policies to Beneficiary at least ten (10) days before any such insurance policies shall expire. Any proceeds which Beneficiary may receive under any such policy, or policies, may be applied by Beneficiary, at its option, to reduce the indebtedness hereby secured, whether then matured or to mature in the future, and in such manner as Beneficiary may elect; or Beneficiary may permit Trustors to use said proceeds to repair or replace all improvements damaged or destroyed and covered by said policy. 5. Performance by Beneficiary. That, in the event Trustors shall fail to keep the improvements on the Property hereby conveyed in good repair and condition, or to pay promptly when due all taxes and assessments as aforesaid, or to preserve the prior lien of this Deed of Trust on the Property, or to keep the buildings and improvements insured as aforesaid, or to deliver the policy or policies of insurance, or the renewal or renewals thereof, to Beneficiary as aforesaid, then Beneficiary may, at its option, but without being required to do so, make such repairs, pay such taxes and assessments, purchase any tax title thereon, remove any prior liens, and prosecute or defend any suits in relation to the preservation of the prior lien of this Deed of Trust on the Property, or insure and keep insured the improvements thereon in an amount not to exceed that above stipulated; and any sums which may be so paid out by Beneficiary, and all sums paid for insurance premiums as aforesaid, including the costs, expenses and attorney's fees paid in any suit affecting the Property, shall bear interest from the dates of such payments at the rate stated in said Note is payable, and shall be deemed a part of the debt hereby secured and recoverable as such in all respects. 6. Default, Foreclosure. That, in the event of default in the payment of any installment, principal or interest, of the Note hereby secured, in accordance with the terms thereof, or in the event of a breach of any of the covenants herein contained to be performed by Trustors, or to be performed by Debtors under any loan agreement or loan commitment executed in connection with the indebtedness secured hereby, then and in any of such events, Beneficiary may elect, Trustors hereby expressly waiving notice of intent to accelerate maturity of the indebtedness, protest and notice of protest, presentment and demand for payment, to declare the entire principal indebtedness hereby secured, with all interest accrued thereon and all other sums hereby secured, immediately due and payable; and in the event of default in the payment of said indebtedness when due or declared due, it shall thereupon, or at any time thereafter, be the duty of the Trustee, or his successor or substitute as hereinafter provided, at the request of Beneficiary (which request is hereby conclusively presumed), to enforce this trust; and the Trustee may proceed to sell the above described and conveyed Property then subject to the lien hereof and any and every part thereof, at public venue, to the highest bidder, at the customary place in the county in which the above described real estate is located, for cash, first giving the public notice required by law of the time, terms and place of sale, and of the property to be sold; and upon such sale the Trustee shall execute and deliver a deed of conveyance of the Property sold to the purchaser or purchasers thereof, and any statement or recital of fact in such deed in relation to the nonpayment of money hereby secured to be paid, existence of the secured obligations, notice of advertisement, sale, receipt of money, and the happening of any of the events whereby any successor trustee became successor as herein provided, shall be prima facie evidence of the truth of such statement or recital; and the Trustee shall receive the proceeds of such sale, out of which the Trustee shall pay: first, the cost and expenses of executing his trust, Form DEEDPD-NE Page 2 of 6 C Copyright 02/2023 American Bank Systems, rne.