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�oi�as�3s It is agreed by and between the parties hereto that while title is vested in the TRUST'EE and until filing of Notice of Default, the TRUSTOR shall: A. Retain possession of the property at all times, except as may be otherwise agreed by the : C. parties in writing. Maintain the building and its improvements and all personal property parties' Contract for Sale of Rea1 Estate, in good condition and repair. Pay all general and special taxes and all special assessments of every assessed against or due upon said property before delinquency, and BENEFICIARIES copies of receipts showing payment of such taxes. sold under the kind levied or to deliver to D. Procure .and maintain policies of all-risk insurance on said improvements, in sums and underwritten by companies acceptable to the BENEFICIARIES, in an amount of at least Forty-One Thousand Dollars ($41,000.00), which policies shall name the BENEFICIARIES as additional insured(s), with the loss proceeds payable to the parties as their interests may appear hereunder. TRUSTOR agree to provide BENEFICIARIES with copi�s of such policies or certificates of insurance during the term of this indebtedness, which policies of insurance may not be cancelled by said carrier without fifteen (15) days written notice to BENEFICIARIES. TRUSTOR covenants and agrees that a failure to make any payment, either principal or interest, on the Note secured hereby when due and payable, or a failure to comply with any of the covenants and agreements herein made sha11 cause the whole sum of money hereby secured to become immediately due and collectible at the option of the BENEFICIARIES, and BENEFICIARIES sha11 have the right to cause Notice of Default to be given and the premises to be sold as provided herein. The parties mutually agree as follows: A. At any time and from time to time upon written request of BENEFICIARIES, payment of fees and presentation of this DEED OF TRUST and the Note for endorsement (in case of full reconveyance, for cancellation and retention), witliout affecting the liability of any person for the payment of the indebtedness, TRUSTEE may (a) consent to the making of any map or plat of said property; (b) join in granting any easement or creating any restriction thereon; (c) join in any subordination or other agreement afFecting this DEED OF TRUST or the lien or charge thereof; (d) reconvey this DEED OF TRUST or the lien or charge thereof; (d) reconvey, without warranty, all or any part of said property. B. The grantee in any Deed of Reconveyance may be described as "the person or persons entitled thereto", and the recitals therein of any matters or facts shall be conclusive proof of the truthfulness thereof. C. Upon default by TRUSTOR in the payment of indebtedness secu.red hereby or in the performance of any agreement hereunder, BENEFICIARIES may declare all sums secured hereby immediately due and payable by delivery to TRUSTEE of written declaration of default. If BENEFICIARIES desire said property to be sold, they shall deposit with TRUSTEE this DEED OF TRUST and a11 promissory notes and documents evidencing expenditures se�ured hereby, and sha11 deliver to TRUSTEE a written Notice of Default and election to cause said property to be sold in the form required by law, which sha11 be duly filed for record by TRUSTEE. 1. After the lapse of such time as may be required by law (presently being one (1) month following the recordation of said Notice of Default), Notice of Default and Notice of Sale having been given as required by law, TRUSTEE, without demand on TRUSTOR, shall sell said property on the date and at the time and place designated in said Notice of Sa1e, at public auction to the highest bidder, the purchase price payable in lawful money of the United States at the time of sale. The person conducting the sale may, for any cause he deems expedient, postpone the sale from time to time until it sha11 be completed and in every such case, notice of postponement sha11 be given by public declaration thereof by such person at the time and place last appointed for the sale; -2- ��L �