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12.4884/4X r 84.- 008368 expiration. If Trustor fails to so deliver any renewal policies. Beneficiary may procure such insurance as it may elect and may make payment of premiums thereon, which payment is repayable on dElUland. Neither Trustee nor Beneficiary shall be responsible for obtaining.. or. maintaining such insurance. Beneficiary. from time to time, may, i't1miSh to any insurance agency or company. or any other pft'8ql'l, .~, information contained in or extracted from any insurance ~c.Jf'.. theretofore delivered to Beneficiary pursuant hereto. and any in~ concerning the loan secured hereby. In no event and whether Ol"BOt default hereunder has occurred shall Beneficiary, by the failt,.orc approving, accepting or obtaining such insurance, incur any liabDit7 a:.r the amount of such insurance, the form or legal sufficiency of mSlU'aaee contracts, solvency of insurers. or payment of losses by insureri,1UUI Trustor hereby expressly assumes full responsibility therefor .and liability. if any, thereunder. In the event of loss, Trust01" shalllfve immediate written notice to Beneficiary, and Beneficiary may, but is not obligated to, make proof of loss if not made promptly by Trustor. In case of any loss the amount collected under any policy of insurance on such property may. at the option of the Beneficiary, be applied by Beneficiary upon any indebtedness and/or obligation secured hereby and in such order and amount as Beneficiary may determine; or said amount or any portion thereof may. at the option of the Beneficiary, either be used in replacing or restoring the Improvements partially or totally destroyed to a condition satisfactory to said Beneficiary, or said amo;,ant, or ..ny portion thereof, may be released to the Trustor. In any such ev n ither the Truste" "or the Bene iciarv shall he obU_tad to _ the proper application thereof; nor shall the amount so released or used be deemed a payment on any indebtedness secured hereby. Such application. use. andlor release shall not cure or waive any default 01" notice of default hereunder or invalidate any act done pursunnt to such notice, Any unexpired insurance and all returnable insurance premiums shall inure to the benefit of. and pass to. the purchaser of the property covered thereby at any Trustee's sale held hereunder. If said property is sold pursuant to the power of sale contained herein or pursuant to any decree of foreclosure. all right, title and interest of Trustor in and to the proceeds of fire and other insurance policies for damage prior to the sale, which proceeds are not received prior to the date of said sale, shall belong to Beneficiary. 5, Taxes /lnd Other Sums Due: To pay, satisfy and discharge. at letist ten (10) days before delinquency. all general and special taxes and assessnlents affecting such property. and in no event later than the date such amounts become due: (1) all encumbran<'"es. charges and 'iens, with int9rest, on such property, or any part thereof, which are, or appclIr to Beneficiary to be prior to or superior hereto, (2) all coots, fees and expenses of this trust. whether or not described herein. (3) fees or charges for any statement regarding the obligation secured hereby in any amount demanded by Beneficiary. not to exceed the maximum amount allowed by law therefor at the time when such request is made. (4) such other charges as the Beneficiary may deem reasonable for services rendered by Beneficiary and furnished at the requeet of Trustor or any :mcceesor in interest to Trustor. (5) if such property includes Ii leasehold estate. all payments and obligatbns required of the Trustor, 01' his ~;ucce5sor In interest. under the terms of the instrument or instruments creating such leasehold. Trustor hereby agreeing not to Amend. cha.nge. or 'TIodify his leasehold interest or the terms on which he has such leas~phold interest. or to Ilgree to do so. without the written consent of Rene'ficial'Y being first obtained. (6) all payments llnd monetary obligations required of the owner of such property under any declal'l.ltion of eovellllnts. conditions and restrictions pel'taining to such property or Ilny modification thereof. Should Trustor fail to 'make any such payment. lJen eficiary . without contesting the validity or amount. mllY elect to mak.e or advance such pllymE"nt. together with any emIts. eXptmf,w!!. reef'1 01' ehurgea rl.'latlnll therf.to, including employing ('oumulI and [laying hill rl.'I'H'lOnllbll.' fees. Trustor flgrf'es to notify Benefidary immcdilJlte!y upon receipt hy Trm,tor of notice of lIny incretlst' in the fltliifll!ll!lt'd vcdue of 311CI1 IH'Opf!rty IUHl flgrlles that Ben(~ftclnI'Y, in the namf! of Tr\l!ltfll'. mllv "ontt'!lt hy IIpproprlllte pro(~('{'dings Slll'h lnerNINI' in ll!'lSelllilm~>nt. L " -11