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2oo9oss5~ of loss under such policy, Beneficiary is authorized to adjust, called and compromise all claims thereunder and shall have the option of applying ap or a part of the insurance proceeds: {i) to any indebtedness secured hereby in such order as the Beneficiary may determine, (ii} to the Trustors to be used far the repair or restoration of the Praperty, or (iii) for any other purpose or object appropriate under this Deed of Trust as detem~ined by the, Beneficiary without affecting the lien of this Deed of Trust for the full amount secured hereby before such payment occurred. Any application of proceeds to indebtedness'shail not extend or postpone the due date of any payments under the Promissory Note, ar cure any default under such Promissory Note or this Deed of Trust. At the request of the Beneficiary, the Trustors shall famish to the Beneficiary a Cert~cate of Insurance evidencing the stated coverage, showing the Beneficiary as a loss payee, with a provision in such Certificate, that the insurer shall provide at least ten (10} days advance written notice of any cancellation of the palicy at any time, far any reason, or of the expiration of the palicy without renewal thereof. 4. Environmental Compliance. The Trustors shall comply with all federal, state and local environmental laws, ordinances, rules, requirements, regulations and publications as now existing ar hereafter existing, amended, supplemented or supplanted relating to the preservation of the environment or the regulation or control of toxic nr hazardous substances ar materials. Trustors hereby warrant and represent to the Beneficiary that there are no toxic ar hazardous substances ar materials an or under the Property. Trustors do hereby agree to indemnify and hold the Beneficiary harmless, together with its successors and assigns, from ', and against any and al[ claims, damages, losses and liabilities arising in connection with the presence, use, disposal or transport of any substance which is the subject of any environmental law, regulation or control of toxic or hazardous substances or materials on, under, from, ar about the Property. This indemnity shall survive reconveyance of the Praperty secured by this Deed of Trust. se_an_ _reservati an of the Properly. The Trustors shall use the Property for residential use and -~~ y and for lawful purposes only. The Trustors shall not substantially change the Properly, nor allow the Property to deteriorate, or commit or permit waste. The Trustors shall comply with all laws and regulations applicable to the use of the Property and shall maintain all improvements thereon in goad working order and repair. 6. Protection of the Trust Prc~nerly. If the Trustors fai( to pay taxes or assessments, maintain insurance or maintain the Property as provided herein, the Beneficiary may pay any such amounts or take steps necessary to protect the value of the Praperty and the rights of the Beneficiary in the Property. Any sums the Beneficiary may advance for payment of any such taxes ar assessments, maintenance and protection of the Praperty shall be secured by this Deed of Trust, shall constitute a debt due from the Trustors to the Beneficiary, and shall bear interest from the date of disbursement until paid at the rate of 1fi% per annum- 7. A lication of Pa ants. All payments received by the Beneficiary under the Promissory Note and this Deed of Trust shall be applied first to reimburse any advancements made by the Beneficiary far the protection of the Properly, second to interest, and the balance to principal. 8. Inspection. The Beneficiary, or the Beneficiary's agent, may make reasonable entries on the Property for the purposes of inspection. 9. Forebearance Not Waiver. Failure by the Beneficiary to exercise any right or remedy available under this Deed of Trust or the Promissory Note as to any one (1) event of default, shop not waive or preclude the exercise of any right ar