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85-- 004134
<br />D. Procure and maintain policies of all -risk insur-
<br />ance on said improvements, in sums and underwritten
<br />by companies acceptable to the BENEFICIARY, in an
<br />amount of at least Sixty -Three Thousand Six Hundred
<br />Fifty Dollars ($63,650.00), which policies shall
<br />name the BENEFICIARY as an additional insured,
<br />with the loss proceeds payable to the parties as
<br />their interests may appear hereunder. TRUSTORS
<br />agree to provide BENEFICIARY with copies of such
<br />casualty insurance policy or certificate of insur-
<br />ance during the term of this indebtedness, which
<br />policy of insurance may not be cancelled by said
<br />carrier without fifteen (15) days written notice
<br />to BENEFICIARY.
<br />E. Pay to the BENEFICIARY, if BENEFICIARY so requires,
<br />together with and in addition to the regular monthly
<br />payments of principal and interest, on the date set
<br />forth for the making of the payment each month, a
<br />sum as established by the BENEFICIARY equal to the
<br />taxes and special assessments next due on the pre-
<br />mises, plus the premium that will next become due
<br />and payable on insurance policies covering the pre-
<br />mises, divided by the number of months to elapse
<br />before one month prior to the date when such taxes,
<br />special assessments and premium will be due. Said
<br />sums to be held by the BENEFICIARY in trust to pay
<br />the taxes, special assessments and insurance pre-
<br />miums. Any deficiency in the amount of any aggre-
<br />gate monthly payment (principal, interest, taxes,
<br />special assessments and insurance premium) shall
<br />constitute a default. The arrangements provided
<br />for in this subparagraph are for the added Pro-
<br />tection of the BENEFICIARY, and entail no respon-
<br />sibility on the part of the BENEFICIARY or TRUSTEE.
<br />TRUSTORS covenant and agree that a failure to make any pay-
<br />ment, either }principal or interest, on the Note secured hereby
<br />when due and payable, or a failure to comply with any of the
<br />covenants and agreements herein made shall cause the whole sum
<br />of money hereby secured to become immediately due and collectible
<br />at the option of the BENIEFICIARY, and BENEFICTARY shall have the
<br />right to cause Notice of Default to be given and the premises to
<br />be sold as provided herein.
<br />The parties mutually agree as follows:
<br />A. At any time and from time to time upon written
<br />request of BENEFICIARY, payment of fees and pre-
<br />sentation of this Deed of Trust and the Note for
<br />endorsement (in case of full reconveyance, for
<br />cancellation and retention), without affecting
<br />the liability of any person for the payment of
<br />the indebtedness, TRUSTEE; may (a) consent to the
<br />making of any map or plat of said property; (b)
<br />join in granting any easement or creating any
<br />restriction thereon; (c) join in any subordina-
<br />tion or other agreement affecting this Deed of
<br />Trust or, the lien or charge thereof; (d) reconvey,
<br />without warranty, all or any part of said property.
<br />B. The cirantee in any reconveyance may be described
<br />as "the person or persons untitled thereto ", and
<br />the recitals therein of any matt:c.r�; or facts shall
<br />Lbe cc,nclusive proof Of the truthfulness thereof.
<br />C. lll,on cie `exult by '1'RUSTOkS in the, 1>a5mu_,nt o` in-
<br />ictaterirrt:;s 4ci.ur ci heteby or to the pei orrr „ince �e'p
<br />,t ,try r',7rrerunt hcr��unc3er, I +I,Nf•:f i'ti�lrti i�,r�,• �1.— !l�
<br />lar(, ci] 1 �r�,rmo-a n��c��rr,�,i hr, r,•I,y Imilk, I,tt hw .Irjr
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