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200401100 It is agreed that the interest on the note commences February 1, 2004. If any payment is not paid within seven (7) days when due the unpaid balance of the principal shall bear interest thereafter at the rate 16 %. It is agreed by and between the parties hereto that while title is vested in the Trustee and until filing of Notice of Default, the Trustor shall: A. Retain possession of the premises and collect the rents and revenues therefrom. B. Maintain the buildings and improvements located thereon in good condition and repair; said buildings and improvements thereon shall not be removed or sold without the written agreement and consent of all parties hereto. C. Pay all taxes and assessments levied or assessed against or due upon said premises before delinquency, and to deliver to Beneficiary copies of receipts showing payment of such taxes, if so desired by said Beneficiary. D. Keep said property insured with a company satisfactory to Beneficiary against loss, as appropriate, against all risks, including, but not limited to fire and extended coverage, wind and hail, with loss payable to Beneficiary, and will on demand provide copies of said policy of insurance or furnish proof of such insurance to Beneficiary and Beneficiary shall be named as a loss payee under all such insurance, but in the event of a loss, any payments made to Beneficiary shall reduce the principal sum then due and owing under and by virtue of this Trust Deed and Trust Deed Promissory Note. Any insurance proceeds received, in the event of a loss, may be used to repair damaged property, but only so long as the Beneficiary consents, but such consent will not reasonably withheld. If the Beneficiary determines that said insurance is inadequate to protect their interests, Beneficiary may at its option, procure such insurance, discharge taxes, liens or security interests or other encumbrances at any time levied or placed upon the real property, and pay for the repair of damage or injury to or for the preservation and maintenance of the buildings, fixtures and real property. Trustor agrees to reimburse Beneficiary on demand for any payment of expenses incurred by Trustee pursuant to the foregoing authorization. Until such reimbursement, the amount of any such payment, with interest at the rate of 16% annum from date of payment until reimbursement shall be added to the indebtedness owed by Trustor. It is further agreed by the Trustor that he will not remove, tear down, or otherwise destroy any of the buildings on the above described real estate unless written permission is received by the Beneficiary. E. Trustor agrees to maintain a general liability policy on the building and real property, naming Trustee and Beneficiary as additional named insured and shall contain minimum limits of liability of 100/300/100. TRUSTOR covenant and agree that a failure to make any payment, either principal or interest on the note secured hereby when due and payable, or a failure to comply with any of the covenants and agreements herein shall cause the whole sum of money hereby secured to become due and collectible at once at the option of the Beneficiary, and Beneficiary shall have the right to cause Notice of Default to be given and the premises to be sold as provided herein. In addition, the following shall constitute a default under this Deed of Trust: A. A writ of execution or attachment or any similar process shall be entered against Trustor which shall become a lien on the property or any portion thereof or interest therein; B. There shall be filed by or against Trustor an 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