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86- fOQu -oO <br />prior to January 15, 1996, without penalty, provided they <br />are not in default of any of the terms of this Deed or <br />accompanying Trust Note. All payments due hereunder shall <br />be paid at the residence of the BENEFICIARY as above - <br />described, or at such other place as such BENEFICIARY or the <br />holder of said security shall designate in writing. <br />It is agreed by and between the parties hereto that <br />while title is vested in the TRUSTEE and until filing of <br />Notice of Default, the TRUSTORS shall: <br />A. Retain possession of the premises at all <br />times, except as may be otherwise agreed by <br />the parties in writing. <br />B. Maintain the buildings and improvements and <br />all personal property sold under the parties' <br />Installment Sale Contract, in good condition <br />and repair. <br />C. Pay all general and special taxes and all <br />special assessments of every kind levied or <br />assessed against or due upon said property <br />before delinquency, and to deliver to BENE- <br />FICIARY copies of receipts showing payment of <br />such taxes. <br />D. Procure and maintain policies of all -risk <br />insurance on said improvements, in sums and <br />underwritten by companies acceptable to the <br />BENEFICIARY, in an amount of at least Fifty <br />Thousand Five Hundred Dollars ($50,500.00), <br />which policies shall name the BENEFICIARY as <br />an additional insured, with the loss proceeds <br />payable to the parties as their interests may <br />appear hereunder. TRUSTORS agree to provide <br />BENEFICIARY with copies of such casualty <br />insurance policy or certificate of insurance <br />during the term of this indebtedness, which <br />policy of insurance may not be cancelled by <br />said carrier without fifteen (15) days written <br />notice to BENEFICIARY. <br />TRUSTORS covenant and agree that a failure to make any <br />payment, either principal or interest, on the Note secured <br />hereby when due and payable, or a failure to comply with any <br />of the covenants and agreements herein made shall cause the <br />whole sum of money hereby secured to become immediately due <br />and collectible at the option of the BENEFICIARY, provided, <br />however, TRUSTORS are hereby granted a thirty (30) day grace <br />period for the payment of any installment or to comply with <br />the covenants and agreements contained herein before default <br />may be declared by TRUSTEE or BENEFICIARY and before any <br />Notice of Default may be given or filed. Thereafter, <br />- 2 - <br />U <br />L L J <br />