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201001721 receipts showing payment of such taxes each year. D. Procure and maintain policies of all-risk insurance on said improvements, in sums and underwritten by companies acceptable to the BENEFICIARIES, in an amount at least equal to the property's full insurable value, which policies shall name the BENEFICIARIES as additional insureds, with the proceeds payable to the parties as their interests may appear hereunder. TRUSTORS agree to provide BENEFICIARIES with copies of such policies or certificates of insurance during the term of this indebtedness, which policies of insurance may not be cancelled by said carrier without fifteen (15) days written notice to BENEFICIARIES. E. In the event the TRUSTORS fail or neglect to pay taxes and procure casualty insurance, all as above set forth, then BENEFICIARIES may pay such taxes and procure such insurance, and all sums expended and advanced by BENEFICIARIES and TRUSTEE in accordance with the provisions contained herein are secured hereby and, without demand, shall be immediately due and payable by the TRUSTORS and shall bear interest at the rate of ten (10) percent per annum until paid; provided however, that at the option of the BENEFICIARIES and TRUSTEE, such advancements for payment of taxes and insurance may be added to the principal balance of any indebtedness secured hereby and shall bear interest at the rate of ten (l0) percent per annum until paid. TRUSTORS covenant and agree that a failure to make any payment, either principal or interest, on said Trust Deed Note secured hereby when due and payable, or a failure to comply with any of the covenants and agreements herein made shall cause the whole sum of money hereunder secured to become immediately due, collectible and payable at the option of the BENEFICIARIES, and BENEFICIARIES shall have the right to cause Notice of Default to be given and the premises to be sold as provided herein. The parties mutually agree as follows: A. At any time and from time to time upon written request of BENEFICIARIES, payment of fees and presentation of this Deed of Trust and the Note for endorsement (in case of full reconveyance, for cancellation and retention), without affecting the liability of any person for the payment of the indebtedness, TRUSTEE may (a) consent to the making of any map or plat of said property; (b) join in granting any easement or creating any restriction thereon; (c) join in any subordination or other agreement affecting this Deed of Trust or the lien or charge thereof; (d) reconvey this Deed of Trust or the lien or charge thereof; (d) reconvey, without warranty, all or any part of said property upon request of BENEFTCIARIES. B. The grantee in any Deed of Reconveyance may be described as "the person or persons entitled thereto and the recitals therein of any matters or facts shall be conclusive proof of the truthfulness thereof. Reconveyance shall operate as a reassignment of rents and profits assigned to TRUSTEE. C. Upon default by TRUSTORS in the payment of indebtedness secured hereby or in the performance of any agreement hereunder, BENEFICIARTES may accelerate payment and declare all sums secured hereby immediately due and payable by delivery to TRUSTEE of written declaration of default. If BENEFTCIARIES desire said property to be sold, they shall deposit with TRUSTEE this Deed of Trust and all Trust Deed Notes and documents evidencing expenditures secured hereby, and shall deliver to TRUSTEE a written Notice of Default and election to cause said property to be sold in the form required by law, which shall be duly filed for record by TRUSTEE. (1) After the lapse of such time as may be required by law (presently being one (1) month following the recordation of -2-