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20110�120
<br />(c) the payment of any sum or sums of money which may be
<br />hereafter paid or advanced by Beneficiaxy under the terms of this Deed of
<br />Trust, together with interest thereon at the rate provided in the note.
<br />To protect the security of this Deed of Trust, Trustor hereby covenants and agrees as
<br />follows:
<br />1. Payment 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, all 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. Reuair, 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 the property free from mechanics or
<br />other liens not expressly subordinated to the lien hereof; to not make, suffer or permit any
<br />nuisance to exist nor to diminish or impair the value of the property by any act or omission to act;
<br />and to comply with all requirements of law with respect to the property.
<br />5. Insurance. Trustor shall keep the improvements on said premises insured against
<br />loss by fire and hazards included within the term "extended coverage" for their insurable value
<br />and policies for the same shall include a standaxd mortgage clause showing Beneficiary herein.
<br />In event of loss, Beneficiary may make proof of loss if not promptly made by Trustor. Insurance
<br />proceeds shall be applied to restoration or repair of the property damaged, unless both parties
<br />otherwise agree, except if restoration or repair is not economically feasible or Beneficiary's
<br />security is not lessened, then said proceeds shall be paid on the debt herein, whether or not then
<br />due.
<br />Unless Beneficiary and Trustor otherwise agree in writing, any payment or proceeds from
<br />Insurance shall not extend or postpone the due date of the payments provided in said note, or
<br />change the amount of the payments.
<br />6. 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 properry taken or for damages to property not taken, and Benefic�.ry shall apply
<br />such compensation, at its option, either to a reduction of the indebtedness secured hereby or to
<br />repair and restore the properly so taken.
<br />7. Performance by Beneficiacy. Beneficiary may, but shall have no obligation to, do
<br />any act which Trustor has agreed but failed to do, and Beneficiaxy 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 />8. Assi�nment of Rents. Beneficiary shall have the right, power and authority during
<br />the continuance of this Deed of Trust to collect the rents, issues and profits of the properly and of
<br />any personal property located thereon wzth or without taking possession of the property affected
<br />hereby, and Trustor hereby absolutely and unconditionally assigns all such rents, issues and
<br />profits to Beneficiary. Benef ciaxy, 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 Trust shall have occurred and be continuing, Beneficiary, as a matter of
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