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<br />compromise claims under said policies and the proceeds thereof shall be paid
<br />to the Beneficiary who may apply the same or any part thereof on the
<br />indebtedness secured hereby or toward the reconstruction or repair of said
<br />buildings and improvements or release same to the Trustor; (e) to pay any
<br />lien, claim or charge against the Property which might take precedence over
<br />the lien hereof; (f) to pay on demand all legal expenses, title searches,
<br />appraisal or attorneys' fees reasonably incurred or paid by Beneficiary to
<br />collect the Note or foreclose or protect the lien of this Deed of Trust; (g)
<br />that in the event Trustor shall fail to comply with the provisions of (a)
<br />through (f) above, the Beneficiary may expend such funds and take such action
<br />as is necessary to remedy such failure and all sums paid by the Beneficiary
<br />pursuant hereto with interest at the rate hereinafter provided shall
<br />constitute a lien upon the Property, shall be secured by this Deed of Trust,
<br />and shall be immediately due and repayable to the Beneficiary; (h) not to
<br />sell the Property or any portion thereof without the approval of the
<br />Beneficiary in writing; and in the event of any sale herein prohibited, then
<br />the entire indebtedness secured by this Deed of Trust shall, at the option of
<br />the Beneficiary, become due and payable; (i) that if the Property or any part
<br />or parcel thereof shall be taken or damaged under the power of eminent
<br />domain, the award for any Property so taken or damaged (including severance
<br />damages to the remaining premises) shall be paid to the Beneficiary and
<br />applied in full or in part at the option of the Beneficiary in reduction of
<br />the indebtedness hereby secured; (j) that the Beneficiary shall have the
<br />right to inspect the Property at such reasonable times as the Beneficiary may
<br />desire to determine Trustor's compliance with the covenants contained in this
<br />Deed of Trust; (k) that the Beneficiary may release from the lien hereof any
<br />part or parcel of the Property without requiring any consideration therefor,
<br />and (1) that Trustor is lawfully seized of said premises and Property in fee
<br />simple, that the same are free from all liens and encumbrances except as may
<br />otherwise be specifically noted herein or waived in writing by the Beneficia-
<br />ry; that Trustor will execute or procure any further necessary assurances of
<br />title and does hereby warrant generally the title to said Property and will
<br />forever defend the same against the claims and demands of all persons
<br />whomsoever, and that Trustor's separate estate, whether vested, contingent or
<br />in expectancy, is hereby conveyed and Trustor does hereby expressly waive,
<br />release all rights and benefits of any homestead, dower, curtesy, appraise -
<br />ment, exemption and stay laws of this state. It is agreed that the interest
<br />provided for in subsection (g) above shall be at the same rate as specified
<br />in the Note secured hereby on the principal thereof after default and
<br />maturity.
<br />SECOND. In the event Trustor, without the prior written consent of
<br />Beneficiary, shall sell, transfer or convey or contract to sell, transfer or
<br />convey the Property, or any part thereof or any interest therein, the entire
<br />balance of the indebtedness hereby secured shall become and be immediately
<br />due and payable at the option of Beneficiary; provided, however, Beneficiary
<br />may waive such option to accelerate if, prior to such sale, transfer or
<br />conveyance or contract therefor, Beneficiary and the person to whom the
<br />property is to be sold or transferred reach an agreement in writing that the
<br />credit of such person is satisfactory to Beneficiary and that the interest
<br />payable on the sums secured by this Deed of Trust shall be at such rate as
<br />Beneficiary shall request.
<br />THIRD. That as further security for the payment of the Note and the
<br />indebtedness thereby evidenced and the performance of all of the terms,
<br />covenants and conditions hereof, Trustor agrees that Beneficiary shall and
<br />does hereby have the right, power and authority during the continuance of
<br />this Deed of Trust to collect the rents, issues and profits of the Property
<br />and of any personal property located thereon with or without taking
<br />possession of the property affected thereby; and Trustor hereby absolutely
<br />and unconditionally assigns all such rents, issues and profits to Beneficia-
<br />ry. Beneficiary, however, hereby consents to Trustor's collection and
<br />retention of such rents, issues and profits as they accrue and become payable
<br />so long as Trustor is not at such time in default with respect to payment of
<br />any indebtedness secured hereby or in the performance of any agreement
<br />hereunder. Upon any such default, Beneficiary may at any time, either in
<br />person, by agent, or by receiver to be appointed by a court, without notice
<br />and without regard to the adequacy of any security for the indebtedness
<br />hereby secured (a) enter upon and take possession of the Property or any part
<br />thereof and in its own name sue for or otherwise collect such rents, issues
<br />and profits, including those past due and. unpaid, and apply the same, less
<br />costs and expenses of operation and collection, including reasonable
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