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201100111 lighming, tox�ado, aud ather perils and hazards covered by standard extended coverage endorsement, in an amount equal to at least one hundred percent (144%) of the full replacement value thereof and insurance against such other hazards and in such amounts as is customarily carried by owners and operatnrs of similar properties. All insurance policies maintained pursuant to this Trust Deed shall name Trustor and Beneficiary as insured, as their respective interests may appear, and provide khat there be no cancellation or modification without at least 15 days' pr,ior written noti�ication to Trustee, and Beneficiary may procure such insurance in accordance with the �rovisions of paragraph 6 hcreof Trustor shall deliver to Beneficiary the original policies of insurance and renewals thereof or xtiemo copi�s of such policies and renewals thereof. Failure to furnish such insurance by Trustox ar renewals as required hereunder shall, at the option of Beneficiary, constitute a default. 5. TAXES, ASSESSMENTS, AND CHA.RGES. Trustc7r shall pay all ta.ees, assessrnents, and other charges, including, without limitation, fines and impositions ariributable to the Property and leasehold payments or ground rents, if any, before the same become delinquent. Trustor shall promptly fur�aish to benefic,iary all natices of axnounts due under this paragxaph and, in the event �'rustor shall make paynnent dircctly, Trustor shall promptly furnish to $eneficiary receipts evidencing such payments. Trustor shall pay all taxes and assessments which may be levied upan Beneficiary's interest herein or upon this T'rust Deed without rega�rd to any law that may be enacted im.posing payment of the whole or any part thereof upon the Sene�ciary. ° b. ADDITIONAL LIENS AND PROTECTION OF BENEFICIARY'S SECURITY. Trustor shall maka all payments of int�'est and pnincipal and payments of any other charges, fees, and expenses contracted to be paid co any existing or subsequent lienholder or beneficiary under any axisting or subsequent mortgage or trust deed befare the date they are delin.quent or in default, and promptly pay and discharge any and alI other liens, claims, or charges which may jeopardize the security granted herein. If Trustar fails ta make any such payment or fails to perfortn any of the covenants and agreements contained in this Trust Deed, or the Note referred to herein, or in any prior or subsequent trust decd, or if any actipn or proceeding is commenc�d wkuch rnate�ially affects Beneficiary's inte.rest in the Property, iz�cluding, but not liznited to, eminent domain proceedings, proceedings involving a decedent, notice of sale by Trustee, notice af default by 'I'rustee, mortgage fareclosure action, or if Trustor fails to pay Trustor's debts generally as they become due, then Beneficiary, at Seneficiary's option and without notice to or demand upon Trustor and without releasing Trustor fcom any obligation hereunder, may make such appearances, diaburse such sums, and take such action as is necessacy to protect Beneficiary's interest, including, but not lirnited ta, disbursemern of �reasonable attorneys' fees, payment, purchase, contest, or compromise of any encumbrance, charge, or lien, entry upon the Properly to make repairs, or deelaxation of default under this Trust Deed. In the event that Trustor shall fail to procure insurance or to pay taxes, assessments, or any other charges or to make any payments to any existing or subsequent lienholders or existing or subsequent beneficiari�s, Beneficiary may procure such insurauce and make such payment but shall nat be obligated ta do so. Any amounts disbuxsed by Beneficiary pursuant to this Paragra,ph 6 shall becoxne additional indebttedness of Trustnr secured by this Trust Deed. Such amounts shall be payable upon notice from Beneficiary ta Trustor requesting paynnent thereof and shall bear interest from the date of disbursement. at the rate payable from time to time on outstanding principal under the Note unless payment of interest at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rate permissible under applicable law. Nothing contained in thais Paragaph 5 shall require Bene�ciary to incur any expense ar take any action hereunder. 7. ASSIGNMENT OF RENTS. Beneficiary shall have the right, power, and authority during the contuauance of t.�is Trust Deed to collect the rents, issues, and profits of thc Prvperry and of any personal property located thereon with or without taking possession of the property affected hereby, and Trustor hereby absolutely attd unconditionally assigns all such rents, issues, and profits ta Beneficiary. Bene�ciary, however, hereby consents to the Trustor's collection and retention of such rents, issuos, and profits as they accrue and became payable so long as Trustor is not, at such time, in default with respect to payrnent of any indebtedness secured hereby, ox in the performance of any agreement hereunder. Upon any such default, Beneficiary may at any tinne, eitl�er in person, by age�at, or by a receiver to be appointed by a court, without notice and without regard to the adequacy of any security for tlae indebtadness hereby secured, (a) enter upam and take posaession of the Property or any part thereof and, in its own name sue, for or otherwise collect such rents, issues, and pro�xts, including those past due and unpaid, and apply the saxne, less costs and expenses of operatian and caltection, including reasonable attarneys' fees, upon any indebtedness secured hereby and in such order as Beneficiary may determine; (b) perforn� such acts of rcpair ar protec�ion as may be necessary or proper to canserve the value of the Pxoperty; (c) lease the same or any part thereaf for such rental, term, and upon suCh conditions as its judgment may dictate, or terminate or adjust the terms and conditions of existing leasea. Unless Trustor and Beneficiary thereof agree otherwise xn writing, any applicarion of rents, issues, or profits to any indebtedness secured her�by shall not extend ar pastpone the dut date of the installment payments as pmvided in said promissory note or change the amount of such installments. Th� entering upan attd taking possession of the Froperty, the collection Df such rents, issues and profits, and the application thereaf as aforesaid shall not waive or cure any default or notice of default hereunder or invalidate any act done pursuant W such notice. Trustor alsv assigns to Be�ueficiary, as further security for the performance of the obligations secured hereby, all prepaid rents and all monies which may have been or may hereafter be deposited with said Tnistor by any lessee of the Property to secure the payment of any rent or damages, or, upon default in the perfor�nance o� any af the provisions heraof, Trustor agrees to deliver such rents and deposits to Beneficiary. {1324410.2}