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<br />Truster, or his successor its "interest, under the terms of the instrument
<br />or instruments creating such leasehold, Truster hereby agreeing not to
<br />amend, change, or modify his ieasehoid interest or the terms on which
<br />he has such leasehold interest, or to agree to :do so, without the written
<br />consent of Beneficiary being first obtained,. (6) all payments, and
<br />monetary obligations required of, the owner of such - property under any
<br />declaration of covenants, conditions s and restrictions pertaining to such
<br />property or any modif"ti n thereof. Should Truster fait to make any
<br />such payment, Beneficiary, without contesting the validity or amocuntr
<br />my elect to make or advance such payment, together with any costs,
<br />expenses, fees or charges relating thereto, including Toying counsel
<br />and paying his reasonable fees_ 'Truster- agrees to notify Beneficiary
<br />immediately upon receipt by Truster of notice of any increase in the
<br />assessed value of such Property and agrees that Beneficiary ; liar: the
<br />name of Truster, may contest by appropriate proceedings such increase
<br />ion assessment.
<br />In the event of the passaoe of any 4w deducting from the value of
<br />real property for the purposes of taxation. zny Herr thereon ", or changing
<br />in any Tray the laces for the taxaterrae of deeds of trust or debts secured
<br />by deeds of trust for state or locat purposes, or the msanner of the -
<br />collection of any such taxes, so as to affect this Deed of 'Trust, the
<br />holder of this Deed of Trust and of the obligations asrhkh it secures shalt
<br />have the right to c ieclave a(a sans secured heir eby rim: as of a slate to bie
<br />specified by not less than 3V clays` written notice to be given to Truster
<br />by Beneficiary; provided, however, . that such election shall, be.
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<br />ineffective if Trustor is permitted by law to pay the whole of such tax
<br />in addition to all other payments rewired hereunder and if, prior to
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<br />such specified date, does pay such tax and agrees to pay any such tax
<br />when hereafter levied or assessed against such property-
<br />6. Sums Advanced to Bear Interest: To pay immediately upon
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<br />demand any sums advanced
<br />'� paid by Fertefira er Trustee under any
<br />clause or provision of this Deed of Trust. Any such sums, until so
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<br />repaid ,hail be secured hey and bear interest from the date'
<br />advanced or paid at the same rate; as the Promissory Note and shall be
<br />secured by this Deed of Trust.
<br />Assignment of l:#epcssits - That as further additional security if
<br />this be a construction loan, T ustor hereby_ transfers and assigns to
<br />.. Beneficiary during.. continuance of these Trusts, - all right., title and
<br />interest to any and all monies deposited'. by Trus€ur or deposited can
<br />elf of Truser with any city;, county, public body or agency,
<br />sanitary district, gas and, or, electric company. telephone company arid
<br />any cattier body or agency-, For the installation or to secure the
<br />installation of any utility by Truster, pertaining to such property_
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<br />8, Default Provisions-, Time is of the esseme hereof, Upon the
<br />occurrence of any one of the following (hereinafter an "Event of
<br />Default), which is not curets within any - applicable grace Perim
<br />specified herein, the payre_ern cif all principal. interest and any dither
<br />stmt's due in accordance with the term of the Prot issory Note secured
<br />hereby shall, at the Option Of the Ser-If'rciary, be ac€e €eret€d and such
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