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S 000407
<br />7. Taxes and Assessments. Trustor shall pak all taxes and
<br />special assessments levied or assessed against or due upon the
<br />Property before delinquency, and will deliver to Beneficiary
<br />copies of receipts showing payment of such taxes and special
<br />assessments. If Beneficiary shall so request, Trustor agrees
<br />that there shall be added to each periodic payment required to
<br />be made hereunder an amount estimated by Trustee to be
<br />sufficient to enable Trustor to pay, at least 30 days before
<br />delinquency, all taxes, assessments or other public charges
<br />against the Trust Property, the Note secured by this Trust
<br />Deed, or upon account of the debt or the lien of this Trust
<br />Deed, together with premiums for insurance required to be
<br />provided under this Trust Deed and no interest shall be pay-
<br />able to Trustor in respect thereof. Upon demand by Trustee,
<br />Trustor shall deliver to Trustee such additional sums of money
<br />as are necessary to make up any deficiency in the amounts
<br />necessary to enable Trustee to pay any of the foregoing items.
<br />8. Additional Liens. Trustor shall make all payments of
<br />interest and principal and payments of any other charges, fees,
<br />and expenses contracted to be paid to any existing lien holders
<br />or prior beneficiaries under any prior Trust Deed, Mortgage or
<br />other security agreement, before the date they are delinquent
<br />and to pay any other claim which jeopardizes the security
<br />granted herein.
<br />9. Protection of Beneficiarv's Security. Should Trustor fail
<br />to make any payment, fail to do any act as herein provided, or
<br />if any action or proceeding is commenced which materially
<br />affects Beneficiary's interest in the Property, including, but
<br />not limited to, eminent domain, insolvency, arrangements or
<br />proceedings involving a bankrupt or decedent, lien fore-
<br />closures, then Beneficiary or Trustee but without obligation to
<br />do so, and without notice to or demand upon Trustor, and
<br />without releasing Trustor from any obligation hereunder, may
<br />make or do the same, and may pay, purchase, contest or
<br />compromise any encumbrance, charge or lien, whii,h in the
<br />judgment of either appears to affect said Property; in
<br />exercising any such powers the Beneficiary or Trustee may incur
<br />any liability and expend whatever amounts, including
<br />disbursements of reasonable attorney's fees, which in their
<br />absolute discretion, may be necessary. In the went that
<br />Trustor shall fail to procure insurance or to pay taxes, and
<br />special assessments or to make any payments to existing or
<br />prior lien holders or beneficiaries, the Beneficiary may
<br />procure such insurance and make such payments. All sums in-
<br />curred or expended by Beneficiary or Trustee in accordance with
<br />the provisions of this 'Trust Deed are secured hereby and,
<br />without demand, shall be immediately due and payable: by Trustor
<br />and shall bear interest at. the maximum allowable legal rate;
<br />provided, however, that at the option of Beneficiary or Trustee
<br />such sums may be added to the principal balancer of any
<br />indebtedness secured hereby and shall bear the same interest as
<br />such indebtedness and shall be payable ratably over the
<br />remaining term thereof.
<br />10. AsSif;eiment: of Rents. Beneficiary shall have the right,
<br />power and authority duri ng the continuance of' this 1'rust. Deed
<br />to co.i lect the rents, issues ;and profits of the Property o
<br />and f
<br />any personal property locaatcd thereon with (}r without taking
<br />possession of the Property :if fecte:°d hereby, ind Trustor hereby
<br />absolutely and uncondit ional ty assigns all such rvntr.,, issues
<br />and profits to Beneficiary. Beneficiary, however, hereby
<br />consents to then Trustor Is collect iota •and rert.erntion of such
<br />rents, issues -and profits as they accrues and become payable so
<br />long as Trustor is not., at such times, in def;lult with respect
<br />to payment 0f any indebtcdne s s -- .e-cured he>rchy or in the � 1
<br />performance of any agreement here-under. Upon .ar,v � ;aach dejfvault,
<br />Beneficiary m.ay it any time, etither in person, Icy ,agent. or. by t
<br />t a receiver to he ippoinitd hN, i ourt, without tkotice anct
<br />without a ergard to the cat anV for t Ile 1 fldobt -
<br />ednes! hei -vhd beourv(6, ((a) crit( r iipon trier t,aiie^ of
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