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��10093�5 lien upon the Real Property and will become due for the tax year during which such payment is so directed; and (b) premiums far fire, other hazard and mortgage insurance next due. If Beneficiary determines that amounts paid by Trustor are insufficient for the payment in full of such taxes, assessments, levies and/or insurance premiums, Beneficiary shall notify Trustor af the increased amount required for the payment thereof when due, and 7rustor shall pay to Beneficiary such additional amount within thirty (30) days after notice fram Bene�ciary. All amounts so paid shall not bear interest, except to the extent and in the amount required by law. So Iong as there is no Default, Beneficiary shall apply said amounts to th� payment of, or at Beneficiary's sole option release said funds to Trustor for application to and payment of, such taxes, assessments, levies, charges and insurance premiums. If a Default exists, Beneficiary at its sole option may apply all or any part of said amounts to any Secured Obligation and/or to cure such Default, in which event Trustor shall be required to restore all amounts so applied, as well as to cure any Default not cured by such application. 7rustor hereby grants and transfers to Beneficiary a security interest in all amounts so paid and held in Beneficiary's passession, and all proceeds thereof, to secure the payment and performance of �ach Secured Obliga#ion. Upon assignment of this Deed of Trust, Beneficiary shall have the right to assign all amounts collected and in its possession to its assignee, whereupon Beneficiary and 7rustee shall be released from all liability with respect thereto. The existence of said impounds shall not limit Beneficiary's rights under any ather provisian af this Deed of Trust or any other agreement, statute or rule of law. Within ninety-five (95) days following full repayment of all 5ecured Obligations (other than as a consequence of a foreclosure or conveyance in lieu of foreclosure of the liens and security interests securing any Secured Obligation), ar at such earlier time as Beneficiary in its discretion may elect, the balance of all amounts collected and in Beneficiary's possessian shall be paid to Trustor, and no other party shall have any right of claim thereto. 4.7 Damage��r nce and Condemnation P pr.��. (a) (i) All awards of damages and all other compensation payable directly or indirectly by reason of a condemnation or proposed condemnation (or transfer in lieu thereo� for public or private use affecting the Real Property; (ii) all other claims and awards for damages to or decrease in value of the Real Property; (iii) all proceeds of any insurance policies payable by reason of loss sustained to the Real Property; and (iv) all interest which may accrue on any of the foregoing, are all absolutely and irrevocably assigned to and shall be paid to Beneficiary. At the absolute discretion of Beneficiary, whether or not its security is ar may be impaired, but subject to applicable law if any, and without regard to any requirement contain�d in any other Section herepf, Beneficiary may apply all or any of the praceeds it receives to its expens�s in settling, prosecuting or defending any such claim and apply the balance to the Secured Obligations in any order, and release all ar any part of the proceeds to Trustor upon any conditions Beneficiary may impose. Beneficiary may commence, appear in, defend or prosecute any assigned claim or action, and may adjust, campromise, settle and enllect all claims and awards assigned to Beneficiary; provided however, that in no event shall Beneficiary be responsible for any failure to callect any claim or award, regardless af the cause of the failure. (b) At its sole aption, Beneficiary may permit insurance or condemnation proceeds held by Beneficiary to be used for repair nr restoration but may impose any conditions on such use as Beneficiary deems necessary. 4.8 Maintenance and Preserva ion of Real PrQne�Y. 5ubject to the provisians of any Secured Obligation, Trustpr covenants: (a) to keep the Real Property in good condition and repair; �eedOfTrust-NE Job 1550608450-1310239189 Loan Vers.1 12/03/2010 Page 6 of 19