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200708002 shall deliver to Beneficiary the original policies of insurance and renewals thereof or memo copies of such policies and renewals thereof. Failure to furnish such insurance by Trustor or renewals as required hereunder shall, at the option of Beneficiary, constitute a default. 5. TAXES, ASSESSMENTS, AND CHARGES. Trustor shaH pay all taxes, assessments, and other charges, including, without limitation, fines and impositions attributable to the Property and leasehold payments or ground rents, if any, before the same become delinquent. Trustor shall promptly furnish to beneficiary all notices of amounts due under this paragraph and, in the event Trustor shall make payment directly, Trustor shall promptly furnish to Beneficiary receipts evidencing such payments. Trustor shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Trust Deed without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the Beneficiary. 6. ADDITIONAL LIENS AND PROTECTION OF BENEFICIARY'S SECURITY. Trustor shall make all payments of interest and principal and payments of any other charges, fees, and expenses contracted to be paid to any existing or subsequent lienholder or beneficiary under any existing or subsequent mortgage or trust deed before the date they are delinquent or in default, and promptly pay and discharge any and all other liens, claims, or charges which may jeopardize the security granted herein. If Trustor fails to make any such payment or fails to perform any of the covenants and agreements contained in this Trust Deed, or the Note referred to herein, or in any prior or subsequent trust deed, or if any action or proceeding is commenced which materially affects Beneficiary's interest in the Property, including, but not limited to, eminent domain proceedings, proceedings involving a decedent, notice of sale by Trustee, notice of default by Trustee, trust deed foreclosure action, or if Trustor fails to pay Trustor's debts generally as they become due, then Beneficiary, at Beneficiary's option and without notice to or demand upon Trustor and without releasing Trustor from any obligation hereunder, may make such appearances, disburse such sums, and take such action as is necessary to protect Beneficiary's interest, including, but not limited to, disbursement of reasonable attorneys' fees, payment, purchase, contest, or compromise of any encumbrance, charge, or lien, entry upon the Property to make repairs, or declaration of default under this Trust Deed. In the event that Trustor shall fail to procure insurance or to pay taxes, assessments, or any other charges or to make any payments to any existing or subsequent lienholders or existing or subsequent beneficiaries, Beneficiary may procure such insurance and make such payment but shall not be obligated to do so. Any amounts disbursed by Beneficiary pursuant to this Paragraph 6 shall become additional indebtedness of Trustor secured by this Trust Deed. Such amounts shall be payable upon notice from Beneficiary to Trustor requesting payment thereof and shall bear interest from the date of disbursement at the rate payable from time to time on outstanding principal under the Note unless payment of interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate permissible under applicable law. Nothing contained in this Paragraph 6 shall require Beneficiary to incur any expense or take any action hereunder. 7. ASSIGNMENT OF RENTS. Beneficiary shall have the right, power, and authority during the continuance of this Trust Deed to collect the rents, issues, and profits of the Property and of any personal property located thereon with or without taking possession of the property affected hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues, and profits to Beneficiary. Beneficiary, however, hereby consents to the Trustor's collection and retention of such rents, issues, and profits as they accrue and become payable so long as Trustor is not, at such time, in default with respect to payment of any indebtedness secured hereby, or in the performance of any agreement hereunder. Upon any such default, Beneficiary may at any time, either in person, by agent, or by a receiver to be appointed by a court, without notice and without regard to the adequacy of any security for the indebtedness hereby secured, (a) enter upon and take possession of the Property or any part thereof and, in its own name sue, for or otherwise collect such rents, issues, and profits, including those past due and unpaid, and apply the same, less costs and expenses of operation and collection, including reasonable attorneys' fees, upon any indebtedness secured hereby and in such order as Beneficiary may determine; (b) perform such acts of repair or protection as may be necessary or proper to conserve the value of the Property; (c) lease the same or any part thereof for such rental, term, and upon such conditions as its judgment may dictate, or terminate or adjust the temlS and conditions of existing leases. Unless Trustor and Beneficiary thereof agree otherwise in writing, any application of rents, issues, or profits to any indebtedness secured hereby shall not extend or postpone the due date of the installment payments as provided in said promissory note or change the amount of such installments. The entering upon and taking possession of the Property, the collection of such rents, issues and profits, and the application thereof as aforesaid shall not waive or cure any default or notice of default hereunder or invalidate any act done pursuant to such notice. Trustor also assigns to Beneficiary, as further security for the performance of the obligations secured hereby, all prepaid rents and all monies which may have been or may hereafter be deposited with said Trustor by any lessee of the Property to secure the payment of any rent or damages, or, upon default in the performance of any of the provisions hereof, Trustor agrees to deliver such rents and deposits to Beneficiary. Delivery of written notice of Beneficiary's exercise of the rights granted herein to any tenant occupying said premises shall be sufficient to require said tenant to pay rent to the Beneficiary until further notice. 8. CONDEMNATION. If title to any part of the Property shall be taken in condemnation proceedings, by right of eminent domain or similar action, or shall be sold under threat of condemnation, all awards, damages, and proceeds are hereby assigned and shall be paid to Beneficiary who shall apply such awards, damages, and proceeds to the sum secured by this Trust Deed, with the excess, if any, paid to Trustor, except that such award, damages or proceeds, or any portion thereof may be used to restore or replace any portion of the Property taken, damaged or rendered unusable by reason of the condemnation at the discretion of the Beneficiary. If Trustor receives any notice or other information regarding such actions or proceedings, Trustor shall give prompt written notice thereof to Beneficiary. Beneficiary shall be entitled, at its option, to commence, appear in, and prosecute, in its own name, any such action or proceedings and shall be entitled to make any compromise or settlement in connection with any such action or proceedings. 9. FUTURE ADVANCES. Upon request of Trustor, Beneficiary, at Beneficiary's option, prior to reconveyance of the Property to Trustor, may make future advances to Trustor. Such future advances, with interest thereon, shall be secured by this Trust Deed when evidenced by promissory notes stating that said notes are secured hereby; provided that at no time shall the secured principal and future advance, not including sums advanced to protect the security, exceed two hundred percent (200%) of the original principal amounts secured hereby. 10. REMEDIES NOT EXCLUSIVE. Trustee and Beneficiary, and each of them, shall be entitled to enforce payment and performance of any indebtedness or obligations secured hereby and to exercise all rights and powers under this Trust Deed or under any other agreement executed in connection herewith or any laws now or hereafter in force, notwithstanding some or all of such indebtedness and obligations secured hereby which may now or hereafter be otherwise secured, whether by mortgage, trust deed, pledge, lien, assigmnent, or otherwise. Neither the acceptance of this Trust Deed nor its enforcement, whetl1er by court action or pursuant to the power of sale or other powers herein contained, shall prejudice or in any manner affect Trustee's or Beneficiary's right to realize upon or enforce any other security now or hereafter held by Trustee or Beneficiary, it being agreed that Trustee and Beneficiary, and each of them, shall be entitled to enforce this Trust Deed and any other security now or hereafter held by Beneficiary or Trustee in such order and manner as they, or either of them, may, in tl1eir absolute discretion, determine. No remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive of any other remedy herein or by law provided or permitted, but each shall be cumulative and shall