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88- 105847 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 far 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 shall pay all taxes, assessments, public charges and insurance premiums as otherwise herein provided. 6. Sums Advanced to Bear Interest: To pay immediately upon demand any sums advanced or paid by Beneficiary or Trustee under any clause or provision of this Deed of Trust. Any such sums, until sa repaid, shall be secured hereby and bear interest from the date advanced or paid at the same rate as the Promissory Note and shall be secured by this Deed of Trust. 7. Assignment of Deposits: That as further additional security if this be a construction loan, Trustor hereby transfers and assigns to Beneficiary during continuance of these Trusts, all right, title and interest to any and all monies deposited by Trustor or deposited on behalf of Trustor with any city, county, public body or agency, sanitary district, gas and/or electric company, telephone company and any other body or agency, for the installation or to secure the installation of any utility by Trustor, pertaining to such property. S(a). Failure of Trustor to Comply with Deed of Trust: Should Trustor fail to make any payment, or to do any act as provided in this Deed of Trust, or fail to perform any obligation secured by this Deed of Trust, or do any act Trustor agreed not to do, Trustor shall be in default under this Deed of Trust. Beneficiary, but without obligation so to do and without notice to or demand upon Trustor and without releasing Trustor from any obligation hereof and without contesting to the validity or amount of the same, may (1) make or do the same in such manner and to such extent as it may deem necessary to protect the security hereof, Beneficiary being authorized to enter upon such property for such purposes, and (2) pay, purchase, contest or compromise any encumbrance, charge or lien, which in its judgment is or appears to be prior or superior hereto, and (3) in exercising any such power, pay necessary expenses, employ counsel and pay his reasonable fees. Trustor agrees to repay any amount sa expended on demand of Beneficiary. B (b) . Additional Representations and Warranties: That in addition to the foregoing covenants of Trustor, Trustor further covenants and warrants to secured party that: (1) the making, execution and performance by Trustor of the loan secured hereby and the transactions contemplated hereby, have been duly -B-