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20��05414
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as
<br />follows:
<br />1. Pavment of Indebtedness. To pay when due, the principal of, and the interest on,
<br />the indebtedness evidenced by the note, charges, fees and all other sums as provided in the loan
<br />instruments.
<br />2. Title. Trustor is the owner of the property and has the right and authority to
<br />execute this Deed of Trust in respect to the property.
<br />3. Taxes and Assessments. To pay, when due, a11 taxes, special assessments and all
<br />other charges against the property, before the same become delinquent, and, in the event
<br />Beneficiary shall so require, to add to the payments required under the note secured hereby, such
<br />amount as may be sufficient to enable Beneficiary to pay such taxes, assessments or other
<br />charges as they become due.
<br />4. Repair, Maintenance and Use. To not commit waste on or damage to the property
<br />and to use due care to prevent others from so doing; to keep all irrigation equipment situated
<br />upon the aforedescribed real estate in good condition and repair; to keep the property free from
<br />mechanics or other liens not expressly subordinated to the lien hereof; to not make, suffer or
<br />permit any nuisance to exist nor to diminish or impair the value of the property by any act or
<br />ornission to act; and to comply with all requirements of law with respect to the property.
<br />5. Condemnation. In the event the property, or any part thereof, shall be taken by
<br />eminent domain, Beneficiary is entitled to collect and receive all compensation which may be
<br />paid for any property taken or for damages to property not taken, and Beneficiary shall apply
<br />such compensation, at its option, either to a reduction of the indebtedness secured hereby or to
<br />repair and restore the property so taken.
<br />6. Performance bv BeneficiarX. Beneficiary may, but shall have no obligation to, do
<br />any act which Trustor has agreed but failed to do, and Beneficiary may also do any act it deems
<br />necessary to protect the lien hereof. Trustor agrees to repay, upon demand, any sums so
<br />expended by Beneficiary for the above purposes, and any sum so expended by Beneficiary shall
<br />be added to the indebtedness secured hereby and become secured by the lien hereof. Beneficiary
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />7. Assignment of Rents. Beneficiary shall have the right, power and authority
<br />during the continuance of this Deed of Trust to collect the rents, issues and profits of the property
<br />and of any personal property located thereon with or without taking possession of the property
<br />affected hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues
<br />and profits to Beneficiary. Beneficiary, however, hereby consents to Trustor's collection and
<br />retention of such rents, issues and profits as they accrue and become payable, so long as Trustor
<br />is not, at such time, in default with respect to payment of any indebtedness secured hereby, or in
<br />the performance of any agreement hereunder. If any event of default described hereafter in re-
<br />spect to this Deed of Tntst shall have occurred and be continui.ng, Beneficiary, as a matter of
<br />right and without notice to Trustor or anyone claiming under Trustor, and without regard to the
<br />value of the trust estate or the interest of the Trustor therein, shall have the right to apply to any
<br />court having jurisdiction to appoint a receiver of the property.
<br />8. Inspections. Beneficiary, or its agents, representatives or workmen, are
<br />authorized to enter at any reasonable time upon or in any part of the property for the purpose of
<br />inspecting the same and for the purpose of performing any of the acts it is authorized to perForm
<br />under the terms of any loan instcvments executed by Trustor.
<br />9. Transfer of Propertv. If a.11 or any part of the property or any interest of Trustor
<br />therein is sold, transferred or further encumbered without the express or written consent of
<br />Beneficiary, Beneficiary may, at its sole option, declare all sums secured by this Deed of Trust to
<br />be immediately due and payable and proceed to the remedies available to it under the default
<br />provisions contained herein.
<br />10. Events of Default. Any of the following events shall be deemed an event of
<br />default hereunder:
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