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88- 100678 It is agreed by and between the parties hereto that while title is vested in the TRUSTEE and until filing of Notice of Default, the TRUSTORS shall: A. Retain possession of the premises at all times, except as may be otherwise agreed by the parties in writing. B. Maintain the buildings and improvements and all personal property sold under the parties' Installment Sale Contract, in good condition and repair. C. Pay all general and special taxes and all special assessments of every kind levied or assessed against or due upon said property before delinquency, and to deliver to BENE- FICIARY copies of receipts showing payment of such taxes. D. Procure and maintain policies of all-risk insurance on said improvements, in sums and underwritten by companies acceptable to the BENEFICIARY, in an amount of at least Twenty Thousand Dollars ($20,000.00) , which policies shall name the BENEFICIARY as an additional insured, with the loss proceeds payable to the parties as their interests may appear hereunder. TRUSTORS agree to prov i de BENEFICIARY with copies of such casualty insurance policy or certificate of insurance during the term of this indebtedness, which policy of insurance may not be cancelled by said carrier without fifteen (15) days written notice to BENEFICIARY. E. Provide BENEFICIARY with receipts evidencing payment of the real estate taxes for each year during the term of this indebtedness. TRUSTORS covenant and agree 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 cause the whole sum of money hereby secured to become immediately due and collectible at the option of the BENEFICIARY, and BENEFICIARY shall have the right to cause Notice of Default to be given and the premises to be sold as provided herein. - 2 - L L ~