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r 84........ 003660 certificate evidencing the fact that such insurance has been procured and that it is in full force and effect, and further that the same cannot be terminated without reasonable notice to the Beneficiary. In the event of any loss covered by insurance, Trustor shall have the choice to apply the loss proceeds in their entirety to restore the damaged property or to apply the same toward the imlnediate reduction of the indebtedness secured hereby, it being understood by the Trustor that payments required by the note shall continue without reduction until all sums secured hereby are paid in full. 5. Repair, Maintenance and Use. To keep any buildings or improvements now or hereafter on the property in good condition and repair, without waste and free from mechanics or other liens not expressly subordinated to the lien hereof; to not make, suffer or permit any nuisance to exist nor to diminish or impair the value of the property by any act or omission to act; and to comply with all requirements of law with respect to the property. Trustor shall have the right to make any alteration to any building or improvement now or hereafter located upon the real estate, as Trustor may require; however, Trustor shall not demolish any building or improvement now located upon the real estate without the prior written consent of the Beneficiary, which consent shall not be unreasonably ,ithheld. 6. Condemnation. In the event the property, O~ any part thereof, shall be taken by eminent domain, Beneficiary is entitled to collect and recelve all compensation which may be paid for any property taken or for damages to property not taken, and Benefi~ ciary shall apply such compensation, at its option, either to a reduction of the indebtedness secured hereby or to repair and restore the property so taken. 7. Performance by Beneficiary. Beneficiary may, but shall have no obligation to, do any act which Trustor has agreed but failed to do, and Beneficiary may also do any act it deems necessary to protect the lien hereof. Trustor agrees to repay, upon demand, any sums so expended by Beneficiary for the above purposes, and any sum so expended by Beneficiary shall be added to the indebtedness secured hereby and become secured by the lien hereof. Beneficiary shall not incur any personal liability because of anything it may do or omit to do hereunder. 8. Assignment of Rents. In the event of default, Benefi- ciary shall have the right, power and authority during the continuance of this Deed of Trust to collect the rents, issues and profits of the property and of any personal property located thereon with or without taking possession of the property affected hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues and profits to Beneficiary. Beneficiary, however, hereby consents to Trustor's collection and retention of such rents, issues and profits as they accrue and become payable, so long as Trustor is not, at such time, in default with respect to payment of any indebtedness secured hereby, or in the perform- ance of anv aqreement hereunder, Tf any event 0.~ nefault descrihed hereafter in respect to this Deed of T~ust shall have occurred and be continuing, Beneficiary, as a matter of right and without notice to Trustor or anyone claiming under Trustor, and without regard to the value of the trust estate or the interest of the Trustor therein, shall have the right to apply to any court having jurisdiction to appoint a receiver of the property. l 9. Inspections. Beneficiary, or its agents, representa- tives or workmen, are authorized to enter at any reasonable time upon or in any part of the property for the purpose of inspecting the same and for the purpose of performing any of the acts it is authorized to perform under the terms of any loan instruments executed by Trustor. 10. Transfer of Property. If all or any part of the real estate or any interest of Trustor therein is sold, transferred or further encumbered without the express OI' written consent of Beneficiary, Beneficiary may, at its sole option, declare all sums secured by this Deed of Trust to be immediately due and pay- -3-