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<br />88~J00253 <br /> <br />I <br /> <br />It is agreed by and between the parties hereto that <br />while title is vested in the TRUSTEE and until filing of <br />Notice of Default, the TRUSTORS shall: <br /> <br />A. Retain possession of the premises at all <br />times, except as may be otherwi se agreed by <br />the parties in writing. <br /> <br />B. Maintain the buildings and improvements and <br />all personal property sold under the parties' <br />Installment Sale Contract, in good condi tion <br />and repair. <br /> <br />C. Pay all general and special taxes and all <br />special assessments of every kind levied or <br />assessed against or due upon said property <br />before delinquency, and to deliver to BENE- <br />FICIARY copies of receipts showing payment of <br />such taxes. <br /> <br />D. Procure and maintain policies of all-risk <br />insurance on said improvements, in sums and <br />underwri tten by companies acceptable to the <br />BENEFICIARY, in an amount of at least <br />Thirty-Five Thousand Dollars ($35,000.00), <br />which policies shall name the BENEFICIARY as <br />an additional insured, with the loss proceeds <br />payable to the parties as their interests may <br />appear hereunder. TRUSTORS agree to provide <br />BENEFICIARY with copies of such casualty <br />insurance policy or certificate of insurance <br />during the term of this indebtedness, which <br />policy of insurance may not be cancelled by <br />said carrier without fifteen (l5) days written <br />notice to BENEFIeIARY. <br /> <br />E. Pay to the BENEFICIARY, if BENEFICIARY so <br />requires, together with and in addition to the <br />regular monthly payments of principal and <br />interest, on the date set forth for the making <br />of the payment each month, a sum as estab- <br />lished by the BENEFICIARY equal to the taxes <br />and special assessments next due on the <br />premises, plus the premium that will next <br />become due and payable on insurance policies <br />covering the premises, divided by the number <br />of months to elapse before one month prior to <br />the date when such taxes, special assessments <br />and premium will be due. Said sums to be held <br />by the BENEFICIARY in trust to pay the taxes, <br />special assessments and insurance premiums. <br />Any deficiency in the amount of any aggregate <br />monthly payment (principal, interest, taxes, <br />special assessments and insurance premium) <br /> <br />- 2 - <br /> <br />L <br /> <br />L <br /> <br />~ <br /> <br />--.J <br /> <br /> <br />r- <br /> <br />,/ <br />~. <br /> <br />c; <br />,~ <br />~ <br />"" <br />~ <br />