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200211562
<br />foreclosure, all the TRUSTOR'S right, title, and interest in
<br />and to the proceeds of fire and other insurance policies for
<br />damage prior to the sale, which proceeds are not received
<br />prior to the date of the sale, will belong to the
<br />BENEFICIARIES.
<br />E. Taxes and Other Sums. TRUSTOR will pay, satisfy, and
<br />discharge, at least 10 days before delinquency, all general
<br />and special taxes and assessments affecting the property,
<br />including all taxes imposed retroactively for years in which
<br />this trust was in force, and in no event later than the date
<br />such amounts become due: (1) all encumbrances, charges, and
<br />liens, with interest, on the property or any part thereof that
<br />are or appear to the BENEFICIARIES to be prior to or superior
<br />hereto; (2) all costs, fees, and expenses of this trust,
<br />whether or not described herein; (3) fees or charges for any
<br />statement regarding the obligation secured hereby, in any
<br />amount demanded by the BENEFICIARIES, not to exceed the
<br />maximum amount allowed by law therefor at the time when the
<br />request is made; (4) such other charges as the BENEFICIARIES
<br />may deem reasonable for services rendered by the BENEFICIARIES
<br />and furnished at the request of the TRUSTOR or any successor
<br />in interest to the TRUSTOR; (5) if the property includes a
<br />leasehold estate, all payments and obligations required of the
<br />TRUSTOR or the TRUSTOR' S successor in interest under the terms
<br />of the instrument or instruments creating such leasehold, the
<br />TRUSTOR hereby agreeing not to amend, change, or modify the
<br />TRUSTOR' S leasehold interest or the terms on which the TRUSTOR
<br />has such leasehold interest, or to agree to do so, without
<br />first obtaining the written consent of the BENEFICIARIES; (6)
<br />all payments and monetary obligations required of the owner of
<br />the property under any declaration of covenants, conditions,
<br />and restrictions pertaining to the property or any
<br />modification thereof. If the TRUSTOR fails to make any such
<br />payment, the BENEFICIARIES, without contesting the validity or
<br />amount, may elect to make or advance the payment, together
<br />with any costs, expenses, fees, or charges relating thereto,
<br />including employing counsel and paying reasonable attorney's
<br />fees. The TRUSTOR agrees to notify the BENEFICIARIES
<br />immediately on receipt of notice of any increase in the
<br />assessed value of the property and agree that the
<br />BENEFICIARIES, in the name of the TRUSTOR, may contest by
<br />appropriate proceedings such increase in assessment.
<br />In the event of the passage of any law deducting any lien or
<br />real property from the value of the real property for the
<br />purposes of taxation, or changing in any way the laws for the
<br />taxation of Deeds of Trust of debts secured by Deeds of Trust
<br />for state or local purposes or the manner of the collection of
<br />any such taxes, so as to affect this Deed of Trust, the holder
<br />of this Deed of Trust and of the obligations that it secures
<br />will have the right to declare all sums secured hereby due as
<br />of a date to be specified by not less than 30 days written
<br />notice given to the TRUSTOR by the BENEFICIARIES; provided,
<br />however, that such election shall be ineffective if the
<br />TRUSTOR is permitted by law to pay the whole of such tax in
<br />addition to all other payments required hereunder and if,
<br />prior to such specified date, the TRUSTOR does pay such tax
<br />and agrees to pay any such tax when hereafter levied or
<br />assessed against the property, and such agreement will
<br />constitute a modification of the Deed of Trust.
<br />TRUSTOR covenants and agrees that a failure to make any
<br />payment, either principal or interest, on the Note secured hereby
<br />when due and payable, or a failure to comply with any of the
<br />covenants and agreements herein made shall cause the whole sum of
<br />money hereby secured to become immediately due and collectible at
<br />the option of the BENEFICIARIES, and BENEFICIARIES shall have the
<br />right to cause Notice of Default to be given and the premises to be
<br />sold as provided herein.
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