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200600150 insurable value, which policies shall name the BENEFICIARY as additional insured, with the proceeds payable to the pa.rties as their interests may appear hereunder. TRUSTOR agrees to provide BENEFICIARY with copies of such policies or certificates of insurance during the term of this indebtedness, which policies of insurance may not be cancelled by said carrier without Fifteen (15) days ~itten notice to EENEFICIARX. E. In the event the TRUSTOR fails or neglects to pay taxes and procure casualty insuraIlce, all as ahove set forth, then BENEFICIARY may pay such taxes and procure such insurance, and all sums e"-1'endBd and advanceo by BENEFICIARY and TRUSTEE in accordance wi th the provisions contained herein are secured hereby and, without demand, shall be immediately due and payable by the TRUSTOR and shall bear interest at the rate of Eight Percent (8'1:) per annum until paid; provi~e~ howeve~, that at the option of the BENEFICIARY and TRUSTEE, Bueh advancements for payment of t~xeB and insurance may be added to the principal balance of any indebtedne~~ ~ecured hereby and shall bear interest at the rate of Ten Percent (~D%) per annum ~ntil paid, TRUSTOR covenants and agrees 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 made shall caus.. the whole sum of mon",y hereby secured to becom.. immediately due and collectible at the option of the BENEFICIARY, and BENEFICIMY shall have the right to cause Notic", of Default to be given and th.. premises to be sold as provided h..r..in. The parties mutually agree as follows, A. At any time and from time to time upon written rsquest of BENEFICIARY, payment of fees and presentation of this Deed of Trust and the Note for endorsement (in case of full reconveyance. for cancellation and retention), without affecting the liability of any person for the payment of the indebtedness, TRUS!EE may (a) consent to the making of any map or plat of said property; (b) join in granting any easement or creating any restriction thereon; (c) join in any subordination or other agreement affecting this Deed of Trust or the lien or charge thereof; (d) reconvey this Deed of Trust or the lien or charge thereof; (d) reconvey, without warranty, all or any part of said property upon request of BENEfICIARY. B. The grantee in any need of Reconveyance may be described as "the pen:cn or persons entitled thereto". and the recitals therein of any matters or facts shall be ~onclusive p~cof of the truthfulness thereof. Reconveyance shall operate as a ~eassignment of rents and profits assigned to tRUSTEE. C. Upon default by TRUSTOR in the piilyment of indE'!btedlless secu~ed hereby or in the performance of any agreement hereunder. B~FICIARY may accelerate payment and d,eclare all I'lutns secured hereby immediately due and payable by delivery to TRUSTEE of written declaration of default. If BENEFICIARY desires said property to be sold" she shall deposit with TRUSTEE this Deed of Trust and all promissory notes and documents evidencing expenditures secured hereby, and shall deliver to TRUSTEE a written Notice of Default and election to cause said property to be sold in the form require~ by law, which ~hall be duly filed for record by TRUSTEE. (1) Aft,er the lapse of suoh time as may be required by law (presently being One (1) month following the recordation of said Notice of DefaUlt). Notice of Default and Notice of Sale having been given as required by law, TRUSTEE, without demand on TRUSTOR, shall sell said property on the date and at the time and place designated in said Notice of Sale. at public auction to the high"'st bidder, the purchase price payable in -2-