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I 84-- 002800 the insurance company by which such insurance is written shall, as to insurance premiums, be conclusive evidence of the amount and the fact of payment thereof, and the receipt of the proper public official shall, as to taxes or assessments, be conclusive evidence of the amount and validity and the fact of payment thereot. 6. Grantor will not create or incur or sutter to be incurred or to exist, any mortgage, pledge, security interest, encumbrance, lien or charge of any kind upon the Mortgaged Premises or any of the items of machinery, equipment, furniture and other personal property located therein or thereon, whether now owned or hereafter acquired, or upon any income or proceeds therefrom, except" Permitted Liens. Grantor will execute and record. at Grantor's expense, a modification describing any Debt not evidenced by the Sales Agreements. Grantor agrees to pay to Beneficiar.y on demand all sums, including costs, expenses and reasonable agent's fees which Beneficiary may expend or become obligated for in any pro- ceedings, legal or otherwise, to establish or sustain the lien of this Deed of Trust or its priority; or in defending against liens, claims, rights, estates, easements, or restrictions claimed by any person or persons (other than any Prior Lienholder under a Prior Lien Instrument) asserting priority over this Deed of Trust; or~n payment, settlement, discharge or release of any asserted lien. claim, right, estate, easement, or restriction when counsel advises Beneficiary that the same is superior to the lien of this Deed of Trust, or for a title commitment, title policy. abstract or an extension of abstract of title cover-ing the Mortgaged Premises. In connection with any suit to enforce or to foreclose this Deed of Tr-ust or- to recover all or any part of the Debt. Grantor shall pay all costs and expenses together with inter-est on all such sums from the date the same were paid, at a rate equal to the rate pro- vided for overdue payments in the Cr-ude Oil Sales Agreement. but not in excess of the maximum lawful rate in effect at the time such sums were paid. For payment of such sums and interest this Deed of Trust shall stand as security in like manner and effect as for pay- ment of the Debt. 7. If a default occurs under any of the Sale Agreements. or if default 1s made in payment of any other sums hereby secured; or if waste shall be suffered or committed on the Mortgaged Prem- ises; or if any mechanic's or other liens arising either by contract or law which might be prior to the lien of this Deed of Trust be created upon all or any part of the Mortgaged Premises; or in the event there shall exist upon the Mortgaged Premises any claim, lien. encumbrance. easement or restriction not herein specifically mentioned prior to this Deed of Trust; or upon default in full performance of any of Grantor's obligations. covenants. or agree- ments hereunder-; then and in any such event the entire Debt with all interest thereon and all other amounts hereby secured shall, at the option of Beneficiary, be and become immediately due and payable, and may forthwith or at any time thereafter be collected by suit at law, foreclosure of or other proceed1ng upon this Deed of Trust or by any other proper legal or equitable procedure without declaration of such option and without notice. -6- LJ L ~ I L...-