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Until payment in full of the indebtedness, the GRANTOR shall timely pay all taxes and
<br />assessments levied on the Property; any and all amounts due on account of principal and
<br />interest or other sums on any senior encumbrances, if any; and will keep the Property
<br />insured in accordance with the requirements of the Contract. Should the GRANTOR fail to
<br />insure the Property in accordance with the Contract or to pay taxes or assessments as the
<br />same fall due, or to pay any amounts payable upon senior encumbrances, if any, the
<br />beneficiary may make any such payments or procure any such insurance, and all monies so
<br />paid with interest thereon at the rate of ten percent (10 %) per annum shall be added to and
<br />become a part of the indebtedness secured by this Deed of Trust and may be paid out of the
<br />proceeds of the sale of the Property if not paid by the GRANTOR. In addition, and at its option,
<br />the beneficiary may declare the indebtedness secured hereby and this Deed of Trust to be in
<br />default for failure to procure insurance or make any further payments required by this
<br />paragraph. In the event of the sale or transfer of the Property, the beneficiary, at its option,
<br />may declare the entire balance of the note immediately due and payable.
<br />And that in case of any default, whereby the right of foreclosure occurs hereunder, the
<br />PUBLIC TRUSTEE, the State as holder of the note, or the holder of a certificate of purchase,
<br />shall at once become entitled to the possession, use and enjoyment of the Property
<br />aforesaid, and to the rents, issues and profits thereof, from the accruing of such right and
<br />during the pendency of foreclosure proceedings and the period of redemption, if any there
<br />be, and such possession shall at once be delivered to the PUBLIC TRUSTEE, the State as
<br />holder of the note, or the holder of said certificate of purchase on request and on refusal, the
<br />delivery of the Property may be enforced by the PUBLIC TRUSTEE, the State as holder of the
<br />note, or the holder of said certificate of purchase by an appropriate civil suit or proceeding,
<br />and the PUBLIC TRUSTEE, or the holder of said note or certificate of purchase, or any thereof,
<br />shall be entitled to a Receiver for said Property, and of the rents, issues and profits thereof,
<br />after such default, including the time covered by foreclosure proceedings and the period of
<br />redemption, if any there be, and shall be entitled thereto as a matter of right without regard to
<br />the solvency or insolvency of the GRANTOR or of the then owner of said Property and without
<br />regard to the value thereof, and such Receiver may be appointed by any court of competent
<br />jurisdiction upon ex parte application and without notice - notice being hereby expressly
<br />waived - and all rents, issues and profits, income and revenue therefrom shall be applied by
<br />such Receiver to the payment of the indebtedness hereby gecured, according to the law and
<br />the orders and directions of the court.
<br />And, that in case of default in any of said paymentOof.principal or interest, according
<br />to the tenor and effect of said promissory note or any part kfdrpof,, or oi,a breach or violation
<br />of any of the covenants or agreements contained herddn. and `in 'the Contract, by the
<br />GRANTOR, its personal representatives or assigns, then and in that case the whole of said
<br />principal sum hereby secured, and the interest thereon to the time of the sale, may at once,
<br />at the option of the legal holder thereof, become due anc�'�' "" 'ble, and the said Property be
<br />sold in the manner and with the same effect as if said indebtedness had matured, and that if
<br />foreclosure be made by the PUBLIC TRUSTEE, an attorney's fee in a reasonable amount for
<br />services in the supervision of said foreclosure proceedings shall be allowed by the PUBLIC
<br />TRUSTEE as a part of the cost of foreclosure, and if foreclosure be made through the courts a
<br />reasonable attorney's fee shall be taxed by the court as a part of the cost of such foreclosure
<br />proceedings.
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