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<br />I <br /> <br />84 --:-004738 <br /> <br />r <br /> <br />7. Taxes and Assessments. Trustor shall pay all taxes and <br />special assessments levied or assessed against or due upon the <br />Property before delinquency, and will deliver to Beneficiary <br />copies of receipts showing payment of such taxes and special <br />assessments, If Beneficiary shall so request, Trustor agrees <br />that there shall be added to each periodic payment required to <br />be made hereunder an amount estimated by Trustee to be <br />sufficient to enable Trustor to pay, at least 30 days before <br />delinquency, all taxes, assessments or other public charg",s <br />against the Trust Property, the Note secured by this Trust <br />Deed, or upon account of the debt or the lien of this Trust <br />Deed, together with premiums for insurance required to be <br />provided under this Trust Deed and no interest shall be pay- <br />able to Trustor in respect thereof, Upon demand by Trustee, <br />Trustor shall deliver to Trustee such additional sums of money <br />as are necessary to make up any deficiency in the amounts <br />necessary to enable Trustee to pay any of the foregoing items.. <br /> <br />8, Additional Liens, Trustor shall make all payments ox <br />interest and principal and payments of any other charges, fees, <br />and expenses contracted to be paid to any existing lien holders <br />or prior beneficiaries under any prior Trust Deed, Mortgagedr <br />other security agreement, before the date they are delinquent <br />and to pay any other claim whic~ ;opardizes the security <br />granted herein, <br /> <br />9, Protection of Beneficiary's Security, Should Trustor fai~ <br />to make any payment, fail to do any act as herein provided, or <br />if any action or proceeding is commenced which materially <br />affects Beneficiary's interest in the Property, including, but <br />not I imi ted to, eminen t domain, insolvency, arrangements or <br />proceedings involving a bankrupt or decedent, lien fore- <br />closures, then Beneficiary or Trustee but without obligation to <br />do so, and wi thout notice to or demand upon Trustor, and <br />wi thout releasing Trustor from any obligation hereunder, may <br />make or do the same, and may pay, purchase, contest or <br />compromise any encumbrance, charge or lien, which in the <br />judgment of either appears to affect said Property; in <br />exercising any such powers the Beneficiary or Trustee may incur <br />any liability and expend whatever amounts, including <br />disbursements of reasonable attorney's fees, which in their <br />absolute discretion, may be necessary, In the event that <br />Trustor shall fail to procure insurance or to pay taxes, and <br />special assessments or t:o make any payment:s t:o existing or <br />prior lien holders or beneficiaries, the Beneficiary may <br />procure such insurance and make such payments. All sums in- <br />curred or expended by Beneficiary or Trustee in accordance with <br />the provisions of this Trust Deed are secured hereby and, <br />without: demand, shall be immediately due and payable by Trustor <br />and shall bear in teres t: at the maximum allowable Legal rate; <br />provided, however, that at the opt:ion of Beneficiary or Trustee <br />such sums may be added to t:he principal balance of any <br />indebtedness secured hereby and shall bear the same interest as <br />such indebtedness and shall be payable ratably over the <br />remaining t:erm thereof, <br /> <br />10, Assignment of Rents. Beneficiary shall have the right, <br />power and authority during the continuance of this Trust Deed <br />to collect the rents, issues and profit:s of t:he Propert:y and of <br />any personal property located thereon with or without: taking <br />possession of t:he property affect:ed hereby, and Trustor hereby <br />absolutely and uncondit:ionally assigns all such rents, issues <br />and profits to Beneficiary, Beneficiary, however, hereby <br />consents to the Trustor's collect:ion and ret:ention of such <br />rents, issues and profits as t:hey accrue and become payable so <br />long as Trustor is not, at such times, in default with respect <br />to navment of anv indebtedness secured herehv or in the <br />p~rf~r~ance of any ~greement hereunder, Upon any "such default, <br />Beneficiary may at any time, either in person, by agent, or by <br />a receiver to be appointed by a court, without notice and <br />without regard to the adequacy of any security for the indebt- <br />edness hereby secured, (a) enter upon and take possession of <br /> <br />-3- <br />