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'R~ 2oioo52~1 the payment of the Trustee's fees actually incurred, and pay second the obligations secured by this Deed of Trust; and the balance, if any, shall be paid to the person or persons legally entitled thereto. Any person, including the Beneficiary, may purchase said property at such sale. The Trustor covenants that at the time of delivery of these presents, they are seized of said property in fee simple, and that said property is free of encumbrances, except encumbrances, easements, rights-of-way, restrictions and reservations of record, and they will pay all taxes and assessments against said property and if they shall fail to pay taxes, the Beneficiary may pay the same and all amounts so paid shall become additional indebtedness due hereunder; and in case of foreclosure or other proceedings to which the Trustor shall be a party, Trustor will pay any reasonable attorney fees incurred by Beneficiary or Trustee in such foreclosure or other proceedings to the extent permitted by applicable law. Tnastor will keep and maintain at least $120,000.00 fire and extended insurance coverage on the real estate and shall have Seller as loss payee on the policy. An Insurance Certificate proving the existence of this coverage shall be sent or handed to the Beneficiary annually on or before August 1 each year. Should the Beneficiary hereunder be made a party to any action affecting this Deed of Trust, or the title to said property, the Trustor agrees that all court costs and a reasonable attorney fee paid by the Beneficiary shall become additional indebtedness due hereunder, and the Trustor hereby releases and waives all claims to said property as a homestead exemption or other exemption now or hereafter provided by law. It is agreed that in case of default in payment of said principal or interest or a breach of any of the covenants herein, or upon any sale or transfer of the property by the Trustor, then said principal sum hereby secured and interest thereon may, at the option of the Beneficiary, become due and payable at once. Anykhing in said Note and this Deed of Trust to the contrary notwithstanding, upon default, the Beneficiary shall be entitled to immediate possession of said property, together with the rents, issues and profits therefrom, and on failure of Trustor to deliver such possession, the Beneficiary shall be entitled to a receiver for said property that may be appointed by any court of competent jurisdiction. All the covenants herein shall be binding upon the respective heirs, personal representatives, successors and assigns of the parties hereto. Executed on this ~ day of July, 2010.