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88- 104L107 not to amend, change, or modify his leasehold interest or the terms on which he has such leasehold interest, or to agree to do so, without the written consent of Beneficiary being first obtained7 and (f) all payments and monetary obligations required of the owner of such property under any declaration of covenants, conditions and restrictions pertaining to such property or any modification thereof. Should Trustor fail to make any such payment, Beneficiary, without contesting the validity or amount, may elect to make or advance such payment, together with any costs, expenses, fees or charges relating thereto, including employing counsel and paying his reasonable fees. Trustor agrees to notify Beneficiary immediately upon receipt by Trustor of notice of any increase in the assessed value of such property and agrees that Beneficiary, in the name of Trustor, may contest by appropriate proceedings such increase in assessment. In the event of the passage of any law deducting from the value of real property for the purposes of taxation any lien thereon, 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 the manner of the collection of any such taxes, so as to affect this Deed of Trust, the holder of this Deed of Trust and of the Obligations which it secures shall have the right to declare all sums secured hereby due as of a date to be specified by not less than thirty (30) days' written notice to be given to Trustor by BeneficiarY7 provided, however, that such election shall be ineffective if Trustor is permitted by law to pay the whole of such tax in addition to all other payments required hereunder and if, prior to such specified date, Trustor does pay such tax and agrees to pay any such tax when hereafter levied or assessed against such property. If requested by Beneficiary, Trustor further covenants and agrees to deposit with Beneficiary on the first day of each month, in addition to the installment payments provided for under the Promissory Note, one-twelfth (1/12) of the anticipated annual taxes, assessments and public charges, general and special, levied and assessed against the premises. The Deposits shall not bear interest and shall be applied by Beneficiary to the payment of the taxes, assessments, public charges and insurance premiums prior to delinquency. In case of default in any of the terms of this Deed of Trust or any other securing agreement now or hereafter given in connection with the loan secured hereby, the Deposits shall constitute additional security for all sums secured by this Deed of Trust and may be applied by Beneficiary as a credit upon the indebtedness secured hereby. Beneficiary may, from time to time, at its option, waive, and after such waiver, reinstate any and all provisions of this subparagraph requiring such deposits, by notice to Trustor in writing. While such waiver is in effect, Trustor -7- w