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<br />200600086
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<br />4. Repair, Maintenance and Use. To not commit waste on or damage to the property
<br />and to use due care to prevent others from so doing; to keep all irrigation equipment situated
<br />upon the aforedescribed real estate in good condition and repair; to keep the property free from
<br />mechanics or other liens not expressly subordinated to the lien hereof; to not make, suffer or
<br />permit any nuisance to exist nor to diminish or impair the value of the property by any act or
<br />omission to act; and to comply with all requirements of law with respect to the property.
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<br />5. Insurance. At all times during the term hereof to keep the Property insured
<br />against damage by fire, hazards included within the term "extended coverage", and such other
<br />hazards as Beneficiary may require, in an amount of not less than the replacement value thereof
<br />and with companies acceptable to Beneficiary, including a standard mortgagee clause with loss
<br />payable to the Beneficiary and containing an additional provision that the policy cannot be
<br />canceled without prior written notice to the Beneficiary. In case of loss under such policies, the
<br />Beneficiary is authorized to adjust, collect and compromise all claims thereunder and shall have
<br />the option of applying all or part ofthe insurance proceeds (i) to any indebtedness secured
<br />hereby and in such order as Beneficiary may determine, (ii) to the Trustor to be used for the
<br />repair or restoration of the Property or (iii) for any other purpose or object satisfactory to
<br />Beneficiary without affecting the lien of this Deed of Trust for the full amount secured hereby
<br />before such payment ever took place. Any application of proceeds to indebtedness shall not
<br />extend or postpone the due date of any payments under the Note, or cure any default thereunder
<br />or hereunder.
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<br />6. Condemnation. In the event the property, or any part thereof, shall be taken by
<br />eminent domain, Beneficiary is entitled to collect and receive all compensation which may be
<br />paid for any property taken or for damages to property not taken, and Beneficiary shall apply
<br />such compensation, at its option, either to a reduction of the indebtedness secured hereby or to
<br />repair and restore the property so taken.
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<br />7. Performance by Beneficiary. Beneficiary may, but shall have no obligation to, do
<br />any act which Trustor has agreed but failed to do, and Beneficiary may also do any act it deems
<br />necessary to protect the lien hereof. Trustor agrees to repay, upon demand, any sums so
<br />expended by Beneficiary for the above purposes, and any sum so expended by Beneficiary shall
<br />be added to the indebtedness secured hereby and become secured by the lien hereof. Beneficiary
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
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<br />8. Assignment of Rents. Beneficiary shall have the right, power and authority
<br />during the continuance of 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 possession of the property
<br />affected hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues
<br />and profits to Beneficiary. Beneficiary, however, hereby consents to Trustor's collection and
<br />retention of such rents, issues and profits as they accrue and become payable, so long as Trustor
<br />is not, at such time, in default with respect to payment of any indebtedness secured hereby, or in
<br />the performance of any agreement hereunder. If any event of default described hereafter in re-
<br />spect to this Deed of Trust shall have occurred and be continuing, Beneficiary, as a matter of
<br />right and without notice to Trustor or anyone claiming under Trustor, and without regard to the
<br />value of the trust estate or the interest of the Trustor therein, shall have the right to apply to any
<br />court having jurisdiction to appoint a receiver ofthe property.
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<br />9. Inspections. Beneficiary, or its agents, representatives or workmen, are
<br />authorized to enter at any reasonable time upon or in any part of the property for the purpose of
<br />inspecting the same and for the purpose of performing any of the acts it is authorized to perform
<br />under the terms of any loan instruments executed by Trustor.
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<br />10. Transfer of Property. If all or any part of the property or any interest of Trustor
<br />therein is sold, transferred or further encumbered without the express or written consent of
<br />Beneficiary, Beneficiary may, at its sole option, declare all sums secured by this Deed of Trust to
<br />be immediately due and payable and proceed to the remedies available to it under the default
<br />provisions contained herein.
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<br />11. Events of Default. Any of the following events shall be deemed an event of
<br />default hereunder:
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<br />(a) Trustor shall have failed to make payment or any
<br />installment of interest, principal or principal and interest or any
<br />other sums secured hereby when due;
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<br />(b) There has occurred a breach of or default under any
<br />term, covenant, agreement, condition, provision, representation or
<br />warranty contained in this Deed of Trust, the note or any other loan
<br />instrument secured hereby;
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