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t <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 <br />to 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 charges <br />against the Trust Property, the Note secured by *_his 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 />8. Additional Liens. Trustor shall make all payments of <br />interest and principal and payments of any other charges, <br />fees, and expenses cantracted to be paid to any existing lien <br />holders or prior beneficiaries under any prior Trust Deed, <br />Mortgage or other security agreement, before the date they are <br />delinquent and to pay any other claim which jeopardizes the <br />security granted herein. <br />9. Protection of Beneficiary's Security. Should Trustor fail <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 limited to, eminent domain, insolvency, arrangements or <br />proceedings involving a bankrupt or decedent, then Beneficiary <br />or Trustee but without obligation to do so, and without notice <br />to or demand upon Trustor, and without releasing Trustor from <br />any obligation hereunder, may make or do the same, and may pay, <br />purchase, contest or compromise any encumbrance, charge or <br />lien, which in the judgment of either appears to affect said <br />Property; in exercising any fiuch powers the Beneficiary or <br />Trustee may incur any liability and expend whatever amounts, <br />including disbursements of reasonable attorney's fees, which <br />in their absolute discretion, may be necessary In the event <br />that Trustor shall fail to procure insurance or to pay taxes, <br />and special assessments or to make any payments to existing <br />gar prior lien :xolders ar beneficiaries, the Beneficiary r::ay <br />procure such insurance and make such paymenYS. All sums in- <br />curred or expended by Beneficiary or Trustee in accordance <br />with the provisians of this Trust Deed are secured hereby <br />and, without demand, shall be immediately due and payable by <br />Trustor and shall bear interest at the maximum allowable legal <br />rate; provided, however, t=hat at the option of Beneficiary or <br />Trustee such sums may be added to the principal balance of any <br />indebtedness secured hereby and shall bear the same interest <br />as such indebtedness and shall be payable ratably over the <br />remaining term thereof. <br />10. Assi nment~of_Renrs. Beneficiary shall have the right, <br />power and authority during the continuance of this 'Trust De=~d <br />to calleet the rents, issues and profits of the Property an<i <br />of any personal property located therean with or without taking <br />po:~session of the property affected hereby, .and Trustor hereby <br />absolutely and unconditionally assigns all such rents, issues <br />and profits to Beneficiary. Beneficiary, however, hereby <br />Consents to the Trustor's callectian and retention of such <br />rents, issues and profits as they ace rue and become payable <br />so long as Trustor is not, at such times, in default with <br />respect to payment of any indebtedness secured hereby or i.n <br />the performance of any agreement hereunder. Upon any such <br />default, Beneficiary may at any time, either i.n person, by <br />agent, or by a receiver to be appointed by a court, without <br />notice and without regard to the adequacy of any security <br />-3- <br />