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<br />200601820
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<br />3. Taxes and Assessment. To pay, when due, all taxes, special assessments and all other
<br />charges against the property, before the same become delinquent, and, in the event Beneficiary
<br />shall so require, to add to the payments required under the note secured hereby, such amount as
<br />may be sufficient to enable Beneficiary to pay such taxes, assessments or other charges as they
<br />become due.
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<br />4. Insurance. To keep the improvements now or hereafter located on the real estate
<br />described herein insured against damage by fire and such other hazards as Beneficiary may
<br />require, in amounts and companies acceptable to Beneficiary, and with loss payable to
<br />Beneficiary. In case of loss under such policies, Beneficiary is authorized to adjust, collect and
<br />compromise, in his discretion, all claims thereunder and, at his sole option, is authorized to either
<br />apply the proceeds to the restoration of the property or upon the indebtedness secured hereby, but
<br />payments required by the note shall continue until the sums secured hereby are paid in full.
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<br />5. Repair. Maintenance and Use. To promptly repair, restore or rebuild any buildings or
<br />improvements now or hereafter on the property; to keep the property in good condition and
<br />repair, without waste and free from mechanics or other liens not expressly subordinated to the
<br />lien hereof; to not make, suffer or permit any nuisance to exist nor to diminish or impair the
<br />value of the property by any act or omission of act; and to comply with all requirements of law
<br />without respect to the property.
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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 any
<br />act which Trustors have agreed but failed to do, and Beneficiary may also do any act he deems
<br />necessary to protect the lien hereof. Trustors agree 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.
<br />Beneficiary shall not incur any personal liability because of anything it may do or omit to do
<br />hereunder.
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<br />8. Assignment of Rents. Beneficiary shall have the right, power and authority during the
<br />continuance of this Deed of Trust to collect the rents, issues and profits of the property and of
<br />any personal property located thereon with or without taking possession ofthe property affected
<br />hereby, and Trustors hereby absolutely and unconditionally assigns all such rents, issues and
<br />profits to Beneficiary. Beneficiary, however, hereby consents to Trustors' collection and
<br />retention of such rents, issues and profits as they accrue and become payable, so long as Trustors
<br />are not, at such time, in default with respect to payment of any indebtedness secured hereby, or
<br />in the performance of any agreement hereunder. If any event of default described hereafter in
<br />respect to this Deed of Trust shall have occurred and be continuing, Beneficiary, as a matter of
<br />right and without notice to Trustors or anyone claiming under Trustors, and without regard to the
<br />value of the trust estate or the interest of the Trustors therein, shall have the right to apply to any
<br />court having jurisdiction to appoint a receiver of the property.
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<br />9. Transfer of Property. If all or any part of the property or any interest of Trustors
<br />therein is sold, transferred or further encumbered without the express or written consent of
<br />Beneficiary, Beneficiary may, at his sole option, declare all sums secured by this Deed of Trust
<br />to be immediately due and payable and proceed to the remedies available to him under the
<br />default provisions contained therein.
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<br />10. Events of Default. Any of the following events shall be deemed an event of default
<br />hereunder:
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<br />(a) Trustors shall have failed to make payment of any installment of
<br />interest, principal or principal and interest or any other sums secured hereby when
<br />due;
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