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85-004178 <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 insurea, <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 />t ction 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 BENEFICIARY, and BENEFICIARY 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 trees and pre - <br />senta::ion of this Deed of Trust and the Note for <br />endorsement (in case of full reconveyance, for <br />cancellation and ret.ention), without affecting <br />the liability of any person for the ,payment of <br />the indebtedness, TRUSTEE nay (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 there0 f; (d) roconvey, <br />without warranty, all or any part of sai.cl ) ropere.y. <br />B. The grantee in any reconveyance may be clescri.hed <br />as "the person or persons entitled thereto ", and <br />the recitals ttaeroin of any matters or tract.; SIM11 <br />be conclusive proof of thy: tr �thfl :lnc>ss th�r, r,;'. <br />IJl :ran default by TRUSIN')RS it) t.hr paym nt. OI in- <br />debtcdn( ss sec�J od. hereby or in t.hw l�cr;c�tn,r'�nc <br />rat allY ra(41,Mvnient tic,reundcr, f'ENFF!C1A10* <br />�.�ldari.,r <br />all !,urns securr.'I fiefeny <br />l� <br />