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f' 88-102172 1. Payment of Indebtedness. To pay when due, the principal of. and the interest on. the indebtedness evidenced by the note. charges, fees and all other sums as pro- vided in the loan instruments. z. Title. Trustor is the owner of the property and has the right and authority to execut~ Deed of Trust in respect to the property. 3, Taxes. and Assessments. To pay. when due. all taxes, special assessments and all other charges against the property, before the same become delinquent, and, in the event Beneficiary shall so require. to add to the payments required under the note secured hereby. such amount as may be sufficient to enable Beneficiary to pay such taxes, assessments or other charges as they become due. 4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured against damage by fire and such other hazards as Beneficiary may require. in amounts and companies acceptable to Beneficiary, and with loss payable to Beneficiary. In case of loss under such policies, Beneficiary is authorized to adjust, collect and compromise. in its discretion, all claims there- under and. at its sole option, is authorized to either apply the proceeds to the restoration of the property or upon the indebtedness secured hereby, but payments required by the note shall continue until the sums secured hereby are paid in full. s. Repair, f'IIaintenance and Use. To promptly repair. restore or rebuild any buildings or improvements now or hereafter on the property; to keep the property in good condition and repair, without waste and free from mechanics or other liens not expressly subordinated to the lien hereof; to not make. suffer or permit any nuisance to exist nor to diminish or impair the value of the property by any act or omission to act; and to comply with all requirements of law with respect to the property. 6. Condemnation. In the event the property, or any part thereof. shall be taken by eminent domain. Beneficiary is entitled to collect and receive all compensa- tion which may be paid for any property taken or for damages to property not taken. and Beneficiary sahlI apply such compensation. at its option, either to a reduction of the indebtedness secured hereby or to repair and restore the property so taken. 7. Performance by Beneficiary. Beneficiary may. but shall have no obligation to. do any act which Trustor has agreed but failed to do. and Beneficiary may also do any act it deems necessary to protect the lien hereof. Trustor agrees to repay. upon demand. any sums so expended by Beneficiary for the above purposes. and any sun so expended by Beneficiary shall be added to the indebtedness secured hereby and become secured by the. lien hereof. BF.!neficiary shall not incur any personal liability because of anything it may do or mit to do hereunder. 8. AssiQnment of Rents. Beneficiary shall have the right, power and authority during the continuance of this Deed of Trust to collect the rents. issues and profits of the property and of any personal property located thereon with or without taking possession of the property affected hereby. and Trustor hereby absolutely and uncondi- tionally assigns all such rents. issues and profits to Beneficiary. Beneficiary. however, hereby consents to Trustor's collection and retention of such rents. issues and profits as they accrue and become payable, so long as Trustor is not, at such time, in default with respect to payment of any indebtedness secured hereby. or in the performance of any agreement hereunder. If any event of default described here- after in respect to this Deed of Trust s~all have occurred and be continuing. Benefi- ciary. as a matter of right and without notice to Trustor or anyone claiming under Trustor, and without regard to the value of the trust estate or the interest of the Trustor therein, shall have the right to apply to any court having Jurisdiction to appoint a receiver of the property. ' 9. Transfer of ProDertv. If all or any part of the property or any interest of Trustor therein is sold. transferred or further encumbered without the express Dr written consent of Beneficiary. Beneficiery may. at its sole option, declare all SI.JIlS secured by this Deed of trust to be irrrnediately due and payable and proceed to the remedies available to it under the default provisions contained herein. 10. Events of Default. Any of the following events shall be deemed an event of default hereunder: (a) Trustor shall have failed to make payment of any in- stallment of interest. principal or principal and interest or any other sums secured hereby when due; -2- ".", .'-.1"7"'7....-...-