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<br />88- 1D534e
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<br />of deeds of trust or debts thereby secured so as to affect this Deed of
<br />Trust, the entire indebtedness secured hereby shall at the option of the
<br />Beneficiary become due and payable, (c) to keep the above-described
<br />Property and the improvements thereon in good condition and repair and not
<br />to commit or suffer waste thereof, and except as authorized in any schedule
<br />annexed hereto and forming a part hereof, neither to remove nor permit the
<br />removal of any timber, buildings, oil, gas, minerals, stone, rock, clay,
<br />fertilizer, gravel or top soil without the prior written consent of Benefi-
<br />ciary, (d) to maintain and deliver to Beneficiary policies of insurance
<br />against such hazards on the buildings and improveme,'ts now or hereafter
<br />located on or constituting a part of the Property as the Beneficiary shall
<br />require, in such companies and amounts and with such loss payable clauses
<br />as shall be satisfactory to the Beneficiary, that in the event of loss,
<br />Beneficiary is expressly authorized to settle or compromise claims under
<br />said policies and the proceeds thereof shall be paid to the Beneficiary who
<br />may apply the same or any part thereof on the indebtedness secured hereby
<br />or toward the reconstruction or repair of said buildings and improvements
<br />or release same to the Trustors, (e) to pay any lien, claim or charge
<br />against the Property which might take precedence over the lien hereof, (fl
<br />to pay on demand all legal expenses, title searches, appraisal or attor-
<br />neys' fees reasonably incurred or paid by Beneficiary to collect the Note
<br />or foreclose or protect the lien of this Deed of Trust, (g) that in the
<br />event Trustors shall fail to comply with the provisions of (a) through If)
<br />above, the Beneficiary may expend such funds and take such action as is
<br />necessary to remedy such failure and all sums paid by the Beneficiary
<br />pursuant hereto with interest at the rate hereinafter provided shall
<br />constitute a lien upon the Property, shall be secured by this Deed of
<br />Trust, and shall be immediately due and repayable to the Beneficiary; (hI
<br />not to sell the Property or any portion thereof, and in the event of any
<br />sale herein prohibited, then the entire indebtedness secured by this Deed
<br />of Trust shall. at the option of the Beneficiary, become due and payable;
<br />(i) that if the Property or any part or parcel thereof shall be taken or
<br />damaged under the power of eminent domain, the award for any Property so
<br />taken or damaged (including severance damages to the remaining premises)
<br />shall be paid to the Beneficiary and applied in full or in part at the
<br />option of the Beneficiary in reduction of the indebtedness hereby secured;
<br />Ij) that the Beneficiary shall have the right to inspect the Property at
<br />such reasonable times as the Beneficiary may desire to determine Trustors'
<br />compliance with the covenants contained in this Deed of Trust, (kl that the
<br />Beneficiary may release from the lien hereof any part or parcel of the
<br />Property without requiring any consideration therefor, and (11 that
<br />Trustors are lawfully seized of said premises and Property in fee simple,
<br />that the same are free from all liens and encumbrances except as may
<br />otherwise be specifically noted herein or waived in writing by the
<br />Beneficiary, that Trustors will execute or procure any further necessary
<br />assurances of title and does hereby warrant generally the title to said
<br />Property and will forever defend the same against the claims and demands of
<br />all persons whomsoever, and that Trustors' separate estates, whether
<br />vested, contingent or in expectancy, are hereby conveyed and Trustors do
<br />hereby expressly waive, release all rights and benefits of any homestead,
<br />dower, curtesy, appraisement, exemption and stay laws of this state. It is
<br />agreed that the interest provided for in subsection (g) above shall be at
<br />the same rate as specified in the Note secured hereby on the principal
<br />thereof after default and maturity.
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<br />SECOND: In the event Trustors, without the prior written consent of
<br />Benefic~ary shall sell, transfer or conveyor contract to sell, transfer or
<br />convey the Property, or any part thereof or any interest therein, the
<br />entire balance of the indebtedness hereby secured shall become and be
<br />immediately due and payable at the option of Beneficiary, provided, how-
<br />ever, Beneficiary may waive such option to accelerate if, prior to such
<br />sale, transfer or conveyance or contract therefor, Beneficiary and the
<br />person to whom the property is to be sold or transferred reach an agreement
<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: That as further security for the payment of the Note and the
<br />indebtedness thereby evidenced and the performance of all of the terms.
<br />covenants and conditions hereof, Trusters agree that Beneficiary shall and
<br />does hereby have the right. power and authority curing the continuance of
<br />this Deed of Trust to collect the rents, iSSU05 and profits of t)lP rrOllt~l.ty
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