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0~/12iOS THU 14:4~ FAX 308 384 6~~6 Cl"MiI::;'GHU LAW OFFICE GI 200603940 the BENEFICIARY, in an ~c at lea&t 8~al to the property':! full insurable va.1ue, whicb policies stLall name the BBIlBFICIARY ;lUI additional ilUlUt'M, with the pt'oc:eeds payable to the partiee ae theit' U1tlu:ests may :Appe..r l:Ie~und.e:r. TR1JSTOJl.S agree tg p~ovide RBRBFICIARY with c:opies of duch policies or certificates of inouran\:. d=ing the teUl of thill indebtedne"li, which policies of insuranoe may Il.Qt be cancelled by SAid carrier without fifteen (15) days written Il.Qtice to BKMHFICIARY. B. In the l!V8nt the TRVllTIJll:i fail o:z: negl.Qt tQ pay tuell aU<! procure a....udty insurance, 1111 all above set forth, then Bli:1ml'ICIi\RY NY pay such taxes and procure lluc:h insurance, and all BUIllll expend.ed and advanced by 8BIIIBFICI;M.Y "'00 TRUBTBE in aooordance wi th the p:z:ovidOJl5 contained hen!in are lleeured l1erel'Jy an.cI. '..ithout ru..lIIaI1d, lIhall he iBn8distely due &nd pay~le by ~ TRUSTORS and 1I11all bear int.r.lIlt at the rate of ten percent (lOt) per annUlI. until paid; provided however, that ilt the option of the BBNKl1'ICIARY and TRUSTO, llIllCh advancements fot' pa}'lllllnt of taxell and iJWu:t"anoe llI'lY he added to the princilNll bllllUlc:e of any indebtednesB secured hereby lUId. 1h;l.11 bear intllr8ll1t at thB rate of ten J'jM!rcent (lOt) pI'lT llIIQlIIll. until paid. 'l'll.t1$TORS cavenant and agree that a failure to make any payment, eieher principal or intere..t. on the Note secut'ed hereby wben due and payable, or a ta.i.J.~ to cCX1lply with any of the cQVenant.. >md agr~tlI h...~llin IIIllde IlIhall cause the Whole 11.llII of IIIQney hereby secured to become i1llllediately dUB and. eollecdble oilt tho! option of the llBN.l!:J!I'ICIARY, iUId BENBFICIARY shall have the right to eaulle 1I'0tice of Default to be gi"'D IWd. tile pr_illee to be eold all ~rovi4ed bcrein. the partiee mutually agree all followa, A. At;;my tillll'l and fX'Qlll tillll!! tg time upon written request of BBNBJ!I'ICIARY, paywent of feel and pre.entatiQn of this Deed of ~lIt Ul4 tM Note for sndorlleme.ut (in eaSll of eull reCQnveyance, for olll\.ellllaticm and. retention), without atfect11:19' the liability of any person fDr the payment ot t:be iDdebtl!nmellll, TRtJ$'1'EB may (al aanll&J\t to the makinq of ~ !lap or plat of said property; (b) join in granting any eaaement or creating any reBtr~ctian en.reonl (el join in llIIy subordination 01<" other &g!:e8lllllnt affecting chill O..d. of Trust or tl:le lien or c:harge "Il.creof I (d) reconvey thii! Deed of Trulllt or the lien or chllIge thereof: (d) recomrey, with.o\1t warranty, ,all Or any part at ...id pl<"opllrty upon request of Bll\1RrIClAU . B. The 9rantee in any Deed of Reconveyance _y he descrihed .... "the person o:r pe:nlorull enti.tled theJ:;"etg". and. the recitalll therein of any matter, or tacts shall be conclusive pl<"oof of the truthfulrt8S& thereof. ReCOllV8}lilDC. .ball operate as II re..aignment of r~t.s and profits assigned ~o TRUSTEE. c. upon defllult by 'tllUSTORS in t.he payment 0:1: indehtadnes& gecured hereby or in the p"rformmee of ....y a~..lll8I1t heraun"'r, BBlIIEFICIARY llIllY acoelerllt:& payment and. declare ~11 sums secured hereby i_r;Uatdy a.l.\lJ and pllyabl. by delivery to TRUSTEl!: ot wdtt"n declaration of cwfa\l1t. J:f llmmFICIJ\llY dadrllll said property to be ,old., thay ahall ~ait with TRUSTSB thia DRed of Trullt and all p~liIl1lory 401:e. ami documents evidomcin!r expenditlU"es eecur<!Id hel:e1ly, ~ .hlIll deliver to TRUSTEE . written Notice of Default and election to cause said prope:z:ty to be ~old in the form requ.ired by law, whioh shall be duly filed fo;, record by 'l'RUSTD. (1) Altar tl1e lilpse of such time aB I1IilY be required by law fpre.ently being one (1) month following the recQrdation of 5lUd ~tice of Default), Notice of Default and lfQticll of Sale hlIving bet!l1 yiVlm aa xeqW.J:;"ed by law, TRUSTBIl, without demand. on TRU8TORS, $hall sell .aid prapet'ty OD tbe dAte an~ at the time it.nd place designated in ,aid Notioe of Sale, at ~lio -2- IlJ 0 03