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-3- 8I- t)()230'~
<br />to Beneficiary the original policies of insurance and renewals
<br />thereof or memo copies of such policies and renewals thereof.
<br />Failure to furnish such insurance by Trustar, or renewals as re-
<br />quired hereunder shall, at the option of Beneficiary, constitute
<br />a default. All unearned premiums are hereby assigned to Trustee
<br />as additional security and a sale and conveyance of the Property
<br />by the Trustee shall operate to convey to t!te purchaser the Trustar's
<br />interest in and to ail policies of insurance upon the Trust's property.
<br />7. Taxes and Assessments. Trustar shall gay all taxes and special
<br />assesseents levie or assessed against or due upon the .Property
<br />before delinquency, and wail deliver to Beneficiary copies of re-
<br />ceipts showing payment of such taxes and special assessments. If
<br />Beneficiary shall so request, Trustar agrees that there shall be
<br />added to each periodic payment required to be made hereunder, an
<br />amflunt estimated by Trustee to be sufficient to enable Truster to
<br />pay, at least 30 days before delinquency, all taxes, assessments
<br />or other public charges against the Trust Property, the Note secureiI
<br />by this Trust Deed, ar upon account of the debt or the lien of this
<br />Trust Deed, together with presziur.,s `ar insurance required to be
<br />provided under this Trust Deed, and no interest shah be payable to
<br />Trustar in respect thereof. Upon demand by Trustee, Trustar shall
<br />deliver to Trustee such additional sums of money as are necessary
<br />to make up any deficiency Ln the amounts necessary to enable Trus-
<br />tee to pay any of the foregoing items.
<br />u. Additional Liens. Trustar shall make all payments of interest
<br />and principa an payments of -• other charges, tees, and ex-
<br />penses. contracted to be Wald tcN~tny existi.::; lien holders or prior
<br />beneficiaries under any prior Trust Deed, '9ortgage, or other se~ur-
<br />ity agreement, before the date they are r.elinquent and to pay any
<br />other clams which jeopardi~:es the security {;ranted herein.
<br />~. Fro'~cction ,3f a€:neficiary`:> security. should Truster fail to
<br />make any pay~+ent, ~ai1 to <io any ac:t as here is: provided, ar if
<br />any action ar proceeding is tioenced which ..aterially affects
<br />Beneficiary's interest itl the Property, including, but not limited
<br />to, err:^.ant dasaain, Insolvency, arrangements or ~raceedini;s invaly-
<br />ing a bankrupt or ~iecedc:tt, then 3en€:ficiary or Trustee, but with-
<br />out obligation to do so, and without notice to ar dezsand upon
<br />Trustar, arc3 without releasing Trustar from any obligation here-
<br />under, stay make or do the sa;ue, and may ,sy, purchase, can teat or
<br />co:spramise any encueabrance, charge ar lien, which in the ;udgment
<br />of either appeazs to affect said Property; in exercising any such
<br />ppwerr the ieneficiary or Trustee may incur any liability and ex-
<br />pesad whatever amounts, including disbursements of reasonable attor-
<br />neys' Ease, which in their absolute discretio;-, may he necessary.
<br />In the event that Trustar shall fail to procure insurance or to
<br />pay taxes, and special assess>isents ar to ^sake any payments to exist-
<br />ing ar prior lien holders or beneficiaries, the Beneficiary may
<br />procure such insurance and asake such payments. All sums incurred
<br />4T expanded by Beneficiary ar Trustee in accordance with the pro-
<br />visions of this Trust Deed are secured hereby and, withaut demand,
<br />shall bs icmaediately due and payable by Trubtor and shall bear
<br />interest at the maxirn~m allowable legal rate; provided, however,
<br />~, that at the option of Beneficiary or Trustee such suns ^say be
<br />added to the principal balance of any indebtedness secured hereby
<br />and tha11 bear the same interest as such indebtedness and shall be
<br />payable ratabljr aver the remaining term thereof.
<br />123, ~ssi,~;:~.merst o.f B.ent~, if rite Property is a rental property,
<br />tteary scat nave the right, power and authcarity during the
<br />caxstinuance of thin Trust Deed to collect the rents, issues and
<br />fits of th+s Property and of any personal property located thereon
<br />wit.3x or withcxs~t taxing ossesrxion of the property affected hereby,
<br />and ;ru+>itar hereby absoutcly and unconditionally assigns all such
<br />tret'tLY, i#stt8s atExd pr°afitg to Beneficiary. Beneficiary, however,
<br />
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