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202505890 for the full amount secured hereby before such payment occurred. If a default has been declared, Beneficiary has the option to apply said payment as it sees fit. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payment under the Promissory Note and the Obligations, or cure any default thereunder or hereunder. Any policy shall provide that such policy may not be canceled or modified except upon thirty (30) days prior written notice to Beneficiary. 5. Inspections. Beneficiary, or its agents, representatives or workmen, are authorized to enter the Trust Estate, with reasonable advance notice to the Trustor, for the purpose of inspecting the same and for the purpose performing any of the acts they are authorized to perform under the terms of this Deed of Trust. 6. Protection of Security. If Trustor fails to perform the covenants and agreements contained herein, Beneficiary may do whatever is reasonably necessary to protect the value of the Trust Estate. Any amount disbursed by the Beneficiary under this paragraph shall become an additional debt of the Trustor secured by this Deed of Trust from the date of the disbursement. 7. Eminent Domain. The proceeds of any condemnation award are hereby assigned and shall be paid to the Beneficiary and shall be applied to the sums secured by this Deed of Trust, whether or not then due, with any excess paid to the Trustor. Condemnation under this Deed of Trust shall include any damage or taking by any governmental authority and any transfer by private sale in lieu thereof. 8. Events of Default. Any of the following events shall be deemed an event of default hereunder. (a) The failure of Trustor to timely pay any payment of principal or interest when due according to the terms of the Promissory Note or renewal, modification or extension thereof, or any other sum secured hereby when due; (b) A breach of or default under any of the terms of the Promissory Note, the Obligations, or this Trust Deed; (c) A writ of execution or attachment or any similar process shall be entered against Trustor which shall become a lien on the Property; (d) There shall be filed by or against Trustor any action under any present or future federal, state or other statute, law or regulation relating to bankruptcy, insolvency, or other relief for debtors; or there shall be appointed any trustee, receiver, or liquidator of Trustor or of all or any part of the Property, or the rents, issues or profits thereof, or Trustor shall make any general assignment for the benefit of creditors; and (e) The sale, transfer, assignment, or encumbrance of all or any part of the Property, either voluntarily or involuntarily, without the express written consent of Beneficiary. 9. Remedies, Acceleration Upon Default. Should an event of default occur and not be cured within the time specified herein, in the Promissory Note or the Obligations, then the Beneficiary, at its option, may declare all indebtedness secured hereby to be due and payable. Thereafter Beneficiary may: Page 3 of 5