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insurance premiums, ground rents, and all other charges whatsoever levied upon or assessed, placed or made against the Trust Property. Trustor further agrees, upon written request by Beneficiary, to pi mptly deliver to Beneficiary all receipts for the payment of such charges. Trustor likewise agrees to pay all taxes, assessments and other charges levied upon or assessed, placed or made against, or measured by, this Deed of Trust or the recordation hereof. 5. Application of Payments. All payments received by Beneficiary as to any debt, liability or obligation owed to Beneficiary by Trustor may be applied by Beneficiary to the payment of the Indebtedness or to any such other debt, liability or obligation, In any order or 7 manner of application which Beneficiary, in its absolute discretion, deems appropriate. Unless otherwise elected by Beneficlary, any such payment shall be deemed applied first to the payment of any debt, liability or obligation other than the Note. f M B. Charges; Liens. Theta will keep the Trust Property free from all liens and encumbrances which in anyway may, in the judgment of i Beneficiary, have priority over, or impair the security of, this Deed of Trust but Trustor need not discharge any such lien so long as C9 Trustor shall agree, in writing, to pay the obligation secured by such lien in a manner acceptable to Beneficiary and shall in good faith Q contest such lien by appropriate legal proceedings effective to prevent the enforcement of the lien and the loss of any interest in or part of the Trust Property. T. Hazard Insurance. Trustor shall keep the buildings and other improvements now existing or hereafter erected on the Trust Property insured by insurance carriers satisfactory to Beneficiary against loss by fire, hazards included in the term "extended coverage" and such other hazards, casualties and contingencies as may be required by Beneficiary, in such amounts and for such periods as may be required by Beneficiary. The policy of insurance shall be in form acceptable to Beneficiary, provide that the same may not be cancelled or modified without fifteen (15) days prior written notice to Beneficie and shall have loss Beneficiary, payable provisions in favor of and in form acceptable to Beneficiary. All premiums on insurance policies shall be paid in the manner provided under paragraph 4 hereof or, If not paid in such manner, by Trustor making payment at least fifteen (15) days prior to the due date, directly to the insurance Carrier. Beneficiary shall have the right to hold the policies and renewals thereof and Trustor shall promptly famish to Beneficiary all renewal notices and all paid premium receipts received by it. In no event shall Beneficiary or Trustee be held responsible for failure to pay insurance premiums of for any loss or damage arising out of a defect in any policy or arising out of any failure of any insurance company to pay for any Moss or damage insured against or for failure by Trustor to effect the insurance required hereunder. in the event of foss, Trustor shall give prompt notice by mail to the insurance carrier and Beneficiary. Beneficiary may make proof of loss If not made promptly or in proper form by Trustor. Ali policies of insurance and any and all refunds of unearned premiums are hereby assigned to Beneficiary as additional security for tha payment of rule Indebtedness. In the event of Beneficiary's exercise of the power of sale contained herein, or in the event of foreclosure, all riy,`,i, title and interest of Trustor in and to any insurance policy then in force shall pass to the purchaser at the trustee's sacs or foreclosure sale. In case of any loss, the insurance proceeds may, at the option of Ber►eficiary, be applied by Beneficiary upon the Indebtedness, or any par( thereof, and in such order and amount as Beneficiary may determine, or said insurance proceeds, at the option of Beneficiary, may either be used in replacing or restoring the Trust Property partially or totally destroyed to a condition satisfactory to Beneficiary; or said insurance proceeds, or any portion thereol, may be released to Trusor. Unless Beneficiary and Trustor otherwise agree in writing, any such application of insurance proceeds shall not extend or postpone the due date of the Note, or any installments called for therein, or change the amount of such installments. If the Trust Property is acquired by Beneficiary pursuant to the exercise of the power of sale or other foreclosure, all right, tide and interest of Trustor in and to any insurance proceeds payable as a result of damage to the Trust Property prior to the sale of acquisition shall pass to Beneficiary and shall be applied first to the costs and expenses, including attorney fees, incurred in collecting such proceeds, then in the manner and in the order provided herein. S. Preservation and Maintenance of That Property. Trustor will keep the buildings and other improvements now or hereafter erected on Me Trust Property In good repair and Condition and will not commit or permit waste, writ not after the design or structural character constituting any bulk ing now or hereafter erected on and constituting the Trust Property without the prior written consent of Beneficiary, will not do any act or thing which would unduly impair or depredate the value of the Trust Property and will not abandon Me Trust Property . Trustor wig not remove any fixtures constituting the Trust Properly unless the same are Immediately replaced with like property subwl to the lien and security interest of this deed of Trust and of at least equal value and utility. Trustoi will comply with alf present and future ordinances, regulations and requirements of any governmental body which are applicable to the Trust Property and to the occupancy and use thereof if this Deed of Trust is on a unit in a condominium or a planned unit devebpmem. Trustor shag perform all of Trustor's obligations under the declarations or covenants creating or governing the condominium or the planned unit development, the bylaws and regulations of the condominium or planned unit development, and the constituent documents. 9. Inspection. Beneficiary or Its agents may, at all reasonable times, enter upon the Trust Property for the purpose of inspection. Beneficiary shag have no duty to make such inspection and shall not be liable to Trustor or to any person in possession if it makes or WS to make any such inspection. 10. Protection of Security. if Trustor fails to perform any of the covenants and agreements contained in this Deed of Trust, or if any action of proceeding is commenced which does or may adversely affect the Trust Properly or the interest of Trustor or Beneficiary therein or the lift of Trustor thereto, then Beneficiary, at its option, may perform such cornvenants and agreements, make such appearances, defend 898NW and investigate such action or proceeding and take such other action as Beneficiary deems necessary to protect its interest including, but not limited to, disbursement of reasonable anomey fees and entry upon the Trust Properly to make repatrs. Any amounts disbursed by Beneficiary Pursuant odds paragraph 10, with interest thereon, shag constitute Indebtedness of Trrstor secured by this Deed of Trust Unless Trustor and Beneficiary agree to other terms of payment, such amounts shall be payable upon notice from Beneficiary to Trustoi requesting payment theraW, and shall bear interest from the date of disbursement at the default rate, if arty, set forth in doe Mole, or otherwise at the highest rate permitted by few- Nothing contained in this paragraph shag require Beneficiary to incur any expense or take any action hereunder. Trustor irrevocably authorizes and empowers Beneficiary to enter upon the Trust Property as Trusta's agent and, in Trusor's name or otherwise to perform any and alf covenants and agreements to be Performed by Trrstor as herein provided. Beneficiary shall, at its option, be subroga►ed to any encumbrance, lien, claim of demand and to all rights and securities for the payment thereof paid or discharged by Beneficiary under the provisions hereof and any such subrogation rights shag be additional and cumulative security for this Deed of Trust. 71. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of the Trust Property, or any pan thereof, or for conveyance in feu of or in anticipation of condemnation, are hereby assigned to and shag be paid to Beneficiary. Trustor will file and prosecute, in good laith and with due diligence, its claim for any such award of payment and will cause the same to be collected and paid to Beneficiary, and, should it fail to do so, Trusor irrevocably authorizes and empowers Beneficiary, in the name of Trustor or otherwise, to file, prosecute, settle or compromise any such claim and to collect receipt for and retain the proceeds. If the Trust Properly is abandoned by Trusor, or, after notice by Beneficiary to Trusor that the condemnor offers to make an award or setts a claim for damages, Trustor falls to respond to Beneficiary within thirty (30) days after the data such notice is mailed, Beneficiary is authorized to collect and apply the proceeds in the manner indicated herein. The Proceeds of any award or claim may, after deducting all reasonable costs and expenses, including attorney lees, which may have been kxxered by BeW60lary in the collectnn thereof, at the sole discretion of Beneficiary, be released to Trustor, applied to restoration of Thisf Property, or applied to the payment of the Indebtedness. Unless Beneficiary and Trustor otherwise agree in writing, any such application of proceeds to Indebtedness shag not extend or postpone the due date of the Note or the payment of any lnstailmerrts caged for thereunder. 12. Trusor Not Released. Extension of the time for payment or modification of any amortization of the Indebtedness granted by Beneficiary fo any successor In interest of Trustor shall not operate to release, in any manner, the liability of Trustor and Trustor's successors in interest- Benefixdary, shag not be required to commence proceedings against such successor or refuse to extend time for payment or otherwise nxx ly amortization of the Indebtedness by reason of any demand made by Trustor and Trustoi s successors in Interest 13. Financial WXY7181110n. Upon request of Beneficiary. Tiuslor will provide to Baneficiary, within ninety (g0) days of the close of each fiscal Year Of Thaor, pie consolidated balance sheet and statement of earnings of Trustor and any and all guarantors of the Indebtedness seared hereby, if any, and will provide and deliver to Beneficiary such other financial information and in such manner as Beneficiary may reasons* request from time o time. 14 Financial Covrnw ts. In addition to any other financial covenants of Trustor made in any other agreement, instrument or document. Trusor shay comply with and shag cause any and all guarantors of the indebtedness secured hereby to comply with, or be in compliance with, the 1040wmg hnandat covenants: (Th!I peragraph shag not apply if covenants and requirements are not set *loth therein.) 15 Schedule Of Lasses Winn hen (10) days after demand. Trustoi Shag furnish to Beneficiary a schedu)e. certified to by Trustor_ semng forth AN leases of the Trust Property, or any portion thereof, including in each Case, the name of the tenants or occupants. a descnphon of tin space occupied by such tenant or occupant, the rwdal payable low such space and such orhei ,ntom, ark— and documents with respect to such kisses and ttlnwxfos as eeneeciery may reasonably request