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<br />in writing that the credit of such person is satisfactory to Beneficiary
<br />and that the interest payable on the sums secured by this Deed of Trust
<br />shall be at such rate as Beneficiary shall request.
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<br />THIRD: Due to the fact that the property, the subject of this Deed of
<br />Trust:-r;-residence property and was purchased by Trustor from Beneficiary
<br />as their personal residence, Trustor shall not rent, sublet or surrender
<br />possession of the property to anyone without consent of Beneficiary i~
<br />writing; however, in the event such permission is given in writing, as
<br />further security for the payment of the Note and the indebtedness thereby
<br />evidenced and the performance of all of the terms, covenants and conditions
<br />hereof, Trustor agrees that Beneficiary shall and does hereby have the
<br />right, power and authority during the continuance of this Deed of Trust to
<br />collect the rents, issues and profits of the Property and of any personal
<br />property located thereon with or without takin~ possession of the property
<br />affected thereby; and Trustor hereby absolutely and unconditionally assigns
<br />all such rents, issues and profits to Beneficiary. Beneficiary, however,
<br />hereby consents to Trustor's collection and retention of such rents, issues
<br />and profits as they accrue and become payable so long as Trustor is not at
<br />such time in default with respect to payment of any indebtedness secured
<br />hereby or in the performance of any agreement hereunder. Upon any such
<br />default, Beneficiary may at any time, either in person, by agent, or by
<br />receiver to be appointed by a court, without notice and without regard to
<br />the adequacy of any security for the indebtedness hereby secured (al enter
<br />upon and take possession of the property or any part thereof and in its own
<br />name sue for or otherwise collect such rents, issues and profits, including
<br />those past due and unpaid, and apply the same, less costs and expenses of
<br />operation and collection, including reasonable attorney's fees, upon any
<br />indebtedness secured hereby and in such order as Beneficiary may determine;
<br />{bl lease the same or any part thereof for such rental, term and upon such
<br />conditions as Beneficiary's judgment may dictate or terminate or adjust the
<br />terms and conditions of any existing lease or leases. Unless Trustor and
<br />Beneficiary agree otherwise in writing, any application of rents, issues or
<br />profits to any indebtedness secured hereby shall not extend or postpone the
<br />due date of the installment payments as provided in the Note or change the
<br />amount of such installments. The entering upon and taking possession of
<br />the Property, the collection of such rents, issues and profits, and the
<br />application thereof as aforesaid, shall not waive or cure any default or
<br />notice of default hereunder, or invalidate any act done pursuant to such
<br />notice. Trustor assigns ,to Beneficiary, as further security for the
<br />performance of the indebtedness and obligations secured hereby, all prepaid
<br />rents and all moneys which may have been or may hereafter be deposited with
<br />Trustor by any lessee of the Property, to secure the payment of any rent or
<br />damages, and upon default in the performance of any of the provisions
<br />hereof, Trustor agrees to deliver such rents and deposits to Beneficiary.
<br />Delivery of written notice of Beneficiary's exercise of the rights granted
<br />by this paragraph THIRD to any tenant occupying the Property or any portion
<br />thereof shall be sufficient to require said tenant to pay said rent to
<br />Beneficiary until further notice.
<br />
<br />FOURTH: If thez~ shall be filed by or against the Trustor any peti-
<br />tion or proceeding seeking an arrangement or composition or extension or
<br />any other relief under or pursuant to the Federal Bankruptcy Code or any
<br />other similar statute as now or hereafter in effect, or if the Trustor
<br />shall be adjudicated bankrupt or insolvent or any of Trustor's property
<br />shall have been sequestered and such decree shall have continued undis-
<br />charged and unstayed for 90 days after the entry thereof, then the whole of
<br />the Note and indebtedness hereby secured shall, without notice, at the
<br />option of the Beneficiary, become due and payable.
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<br />FIFTH: Upon default by Trustor in the payment of or performance of
<br />the terms-and conditions of the Note, or any renewals, modifications or
<br />executions thereof, the payment of any other indebtedness secured hereby or
<br />in the performance of any agreement, covenant or warranty herein contained
<br />or set forth in any agreement or instrument executed by Trustor in con-
<br />nection with the indebtedness hereby secured, Beneficiary may declare all
<br />sums secured hereby immediately due and payable and the same shall there-
<br />upon become due and payable withuut presentment, demand, protest or notice
<br />of any kind. Thereafter, Beneficiary may deliver to Trustee a written
<br />declaration of default and demand for sale. Trustee shall have the power
<br />of sale of the Property and if Beneficiary decidrs the Property is to be
<br />sold, it shall deposit with Trustee this Deed of Trust and the Note or
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