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<br />5. <br /> <br />Taxes, Assessments, and Charges. <br /> <br />200702204 <br /> <br />5.1 Trustor shall pay all taxes, assessments, liens, and other charges <br />including utility charges which may affect the security as they are due and before they <br />are delinquent. Upon request, Trustor shall show Beneficiary proof of payment. Trustor <br />shall pay all taxes and assessments which may be levied upon Beneficiary's interest <br />herein or upon this Deed of Trust without regard to any law in effect or that may be <br />enacted imposing payment of the whole or any part therefore upon Beneficiary. <br /> <br />5.2 Intentionally Omitted. <br /> <br />5.3 If Trustor fails to make the payments required herein, Beneficiary <br />may declare the loan and Deed of Trust in default. Beneficiary may pay such amounts <br />necessary to protect the security. The amount of such payment with interest shall be <br />deemed an advancement to protect the security. <br /> <br />6. Condemnation. Condemnation under this Deed of Trust shall include any <br />damage or taking by any governmental authority and any transfer by private sale in lieu <br />thereof. On condemnation, Beneficiary may declare the entire indebtedness secured by <br />the Deed of Trust due and payable. Trustor assigns all rights to compensation or relief <br />for condemnation to Beneficiary, who may proceed for just compensation in the name of <br />Trustor or Beneficiary. The proceeds recovered hereunder first apply to the expenses of <br />such recovery including attorney fees, then at the option of Beneficiary, to restoration of <br />the security or payment of the indebtedness secured by this Deed of Trust, then to <br />Trustor. Trustor agrees to make such further assignments as necessary to give this <br />provision effect. <br /> <br />7. Additional Liens and Protection of Security and Subrogation. <br /> <br />7.1 Beneficiary in its sole discretion may make any payment, expend or <br />advance any funds it deems necessary to protect the security of this Deed of Trust. Such <br />payment, expenditures, or advancements with interest shall become secured hereby. <br /> <br />7.2 Beneficiary is subrogated to the claims and liens of all parties whose <br />claims and liens are discharged or paid with the proceeds of the indebtedness secured <br />hereby. Beneficiary is further subrogated to Trustor for all insurance proceeds, claims, <br />or damages to the security. <br /> <br />8. Default, Remedies, Acceleration, Sale. <br /> <br />8.1 If Trustor does not: (1) make payment according to the terms ofthe <br />or any extensions, modifications, or renewals thereof; (2) make payment of any other <br />indebtedness secured by the Deed of Trust; (3) perform any of the covenants of the Deed <br />of Trust; or (4) if Beneficiary has to expend sums to protect the security, then Trustor has <br />breached this agreement, is in default, and Beneficiary may declare default and may <br />declare all sums secured hereby immediately due and payable and such sums <br />immediately become due and payable without presentment, demand, protest, or notice <br />of any kind except as may be provided in the Deed of Trust Note and may invoke the <br /> <br />L0730681.3 <br /> <br />-4- <br />