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FiRE, CASUALTY, AND OTHER INSURANCE: To keep such property insured against lose or damage by fire and other risk
<br />or risks which, in the sole opinion of Beneficiary should be insured against, under policies of insurance with loss payable to
<br />Beneficiary inform, amount and companies acceptable to Beneficiary. Said policies shall be delivered to and remain in posses-
<br />sion of Beneficiary as further security for the faithful performance of these obligations, which delivery shall constitute an
<br />assignment by Truster to Beneficiary of all rights thereunder, including all return premiums; to deliver to Beneficiary a policy
<br />or policies renewing or extending any expiring insurance with a receipt showing premiums paid at least thirty (30) days before
<br />expiration. If Trustor fails to so deliver any renewal policies, Beneficiary may procure such insurance as it may elect and may
<br />make payment of premiums thereon, which payment is repayable on demand. Neither Trustee nor Beneficiary shall be respon-
<br />sible for obtaining or maintaining such insurance. Beneficiary, from time to time, may furnish to any insurance agency or
<br />company, or any other person, any information contained in or extracted from any insurance policy theretofore delivered to
<br />Beneficiary pursuant hereto, and any information concerning the loan secured hereby. In no event and whether or not default
<br />hereunder has occurred shall Beneficiary, by the fact of approving, accepting or obtaining such insurance, incur any liability
<br />for the amount of such insurance, the form or legal sufficiency of insurance contracts, solvency of insurers, or payment of
<br />in losses by insurers, and Truster hereby expressly assumes full responsibility therefore and liability, if any, thereunder. In the
<br />T.d event of loss. Truster shall give immediate written notice to Beneficiary, and Beneficiary may, but is not obligated to, make
<br />Co proof of loss if not made promptly by Truster. In case of any loss the amount collected under any policy of insurance on such
<br />C•1 property may, at the option of the Beneficiary, be applied by Beneficiary upon any indebtedness and /or obligation secured
<br />,Q hereby end in such order and amount as Beneficiary may determine; or said amount or any portion thereof may, at the option
<br />of the Beneficiary, either be used in ropls cing or restoring the improvements partially or totally destroyed to a condition satis-
<br />factory to said Beneficiary, or said amount or any portion thereof may be released to the Tmetor. In-any such event neither the
<br />Trustee nor the Beneficiary shall be obligated to sae to the proper application thereof; nor shall the amount so released or used
<br />00 be deemed a payment on any indebtedness securod hereby. Such application, use and /or release shall not cure or waive any
<br />00 default or notice of default hereunder or invalidate any act done pursuant to such notice. Any unexpired insurance and all re-
<br />turnable insurance premiums shall insure to the benefit of, and pass to, the purchaser of the property covered thereby at any
<br />Trustee's sale held hereunder. If said property is sold pursuant to the power of sale contained herein or pursuant to any decree
<br />of foreclosure, all right, title and interest of Trustor in and to the proceeds of fire and other insurance policies for damage prior
<br />to the sale, which proceeds are not received prior to the date of said sale, shall belong to Beneficiary. Truster will comply with
<br />such other requirements and provide such other type of insurance as Beneficiary may require from time to time for the protec-
<br />tion by insurance of the interest of the respective parties hereto.
<br />TAXES AND OTHER SUMS DUE: To pay, satisfy and discharge, at least to ten (10) days before delinquency all general and
<br />special taxes and assessments and other public charges, and in no event later than the date such amounti become due and to
<br />further pay when due or requested: (1) all encumbrances, charges and liens, with interest, on such property, or any part thereof,
<br />which are, or appear to beneficiary, in its sole discretion, to be prior to or superior hereto, (2) all costs, fees and expenses of this
<br />trust, whether or not described herein, (3) fees or charges for any statement regarding the obligation secured hereby in any
<br />amount demanded by Beneficiary, not to exceed the maximum amount allowed by law therefor at the time when such request
<br />is made, (4) such other charges as the Beneficiary may deem reasonable for services rendered by Beneficiary and furnished at
<br />the request of Truator or any successor in interest to Truster, (6) if such property includes a leasehold estate, all payments and
<br />obligations required of the Truster or his successor in interest under the terms of the instrument or instruments creating such
<br />leasehold, (6) all payments and monetary obligations required of the owner of such property under any declaration of cove-
<br />nants, conditions and restrictions pertaining to such property or any modfication thereof; (T) all mortgage insurance or
<br />guaranty fees, premiums, or charges of any nature pertaining to such property. Truster agrees to notify Beneficiary imm"-
<br />ately upon receipt by Truster of notice of any increase in the assessed value of such property and agrees that Beneficiary, in the
<br />name of Truster, may contest by appropriate proceeeding@ such increase in assessment
<br />In the event of the passage of any law deducting from the value of real property for the purposes of taxation any lien thereon
<br />or changing in any way the laws for the taxation of deeds of trust or debts secured by deeds of trust for state or local purposes, or
<br />the manner of the collection of any such taxes, so as to affect this Deed of Trust, the holder of this Deed ofTrust and of the obli-
<br />gations which it secures shall have the right to declare all sums secured hereby due as of a data to be specified by not less than
<br />30 dayi written notice to be given to Truster by Beneficiary; provided, however, that such election shall be ineffective ifTrust-
<br />or is permitted by law to pay the whole of such tax in addition to all other payments required hereunder and if, prior to such
<br />specified date, does pay such tax and agrees to pay any such tax when hereafter levied or &@sewed against such property, and
<br />such agreement shall constitute a modification of this Deed of Trust
<br />FUNDS FOR TAXES AND INSURANCE: If Beneficiary shall so request, Trustor agrees that there shall be added to the
<br />periodical payment required to be made hereunder an amount estimated by Trustee to be sufficient to enable Trustor to pay, at
<br />least thirty (30) days before delinquency, all general and special taxes, assessments, or other public charges against such prop.
<br />erty, the Promissory Note, or upon or on account of the debt or the lien of this Deed of Trust, together with premiums for insur-
<br />ance required to be provided under this Deed of Trust and all mortgage insurance or guaranty fees, premiums or similar charges
<br />and no interest shall be payable to Truster in respect thereof. Upon demand by Trustee, Truster shall deliver to Trustee such
<br />additional sums of money u are necessary to make up any deficiency in the amounts necessary to enable Trustee to pay any of
<br />the foregoing items.
<br />SUMS ADVANCED TO BEAR INTEREST: To pay immediately upon demand any sums advances or paid by Beneficiary
<br />or Trustee under any clause or provision of this Dead of Trust Any such sums, until so repaid, shall be secured hereby and bear
<br />interest from the date advanced or paid at the same rata as set forth in such Promissory Note and shall be secured by this Deed
<br />of Trust.
<br />ASSIGNMENT OF DEPOSITS: That as additional security if this be a construction loan, Truster hereby transfers and
<br />assigns to Beneficiary during continuance of thew Trusts, all right, title and interest to any and all monies deposited by Trust -
<br />or or deposited on behalf of Truster with any city, county, public body or agency sanitary district, gas and /or electric com-
<br />pany, telephone company and any other body or agency, for the installation or to secure the installation of any utility by
<br />Truster, pertaining to this property.
<br />FAILURE OFTRUSTOR TO COMPLY WITH DEED OF TRUST: In the event Truster should fail to make any payment, or
<br />to do any act as provided in this Dead of Trust, or fail to perform any obligation secured by this Deed of Trust, or do any act
<br />Truster agreed not to do, Beneficiary, but without obligation so to do and without notice to or demand upon Trustor and with-
<br />out releasing Truster from any obligation hsrsef and without contesting the validity or amount of the same, may (a) pay, make
<br />or do the same in such manner and to such extent as it may deem necessary to protect the security hereof, Beneficiary being
<br />authorized to enter upon such property for such purposes, and (b) pay purchase, contest or compromise any encumbrance,
<br />charge or lien, which in ite Judgement is or appears to be prior or superior hereto, and(c)in exercising any such power, pay nec•
<br />eaeary costs, fees, and expenses, employ counsel and pay counsel'& reasonable fees. Truster agrees to repay any amount so
<br />expended on demand of Beneficiary.
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