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6. Should Grantor fail to pay when due any taxes, assessments, insurance premiums, <br /> liens, encumbrances or other charges against the Property hereinabove described, Beneficiary <br /> may pay the same,and the amount so paid,with interest at the rate set forth in the Note secured <br /> hereby,shall be added to and become a part of the debt secured in this Deed of Trust. <br /> IT IS MUTUALLY AGREED THAT: <br /> 1. Except as otherwise set forth in the Loan Agreement or the Note, in the event any <br /> portion of the Property is taken or damaged in an eminent domain proceeding, the entire <br /> amount of the award or such portion as may be necessary to fully satisfy the obligation secured <br /> hereby,shall be paid to Beneficiary to be applied to said obligation. <br /> 2. By accepting payment of any sum secured hereby after its due date, Beneficiary does <br /> not waive its right to require prompt payment when due of all other sums so secured or to <br /> declare default for failure to so pay. <br /> 3. The Trustee shall reconvey all or any part of the Property covered by this Deed of <br /> Trust to the person entitled thereto on written request of the Grantor and the Beneficiary, or <br /> upon satisfaction of the obligation secured and written request for reconveyance made by the <br /> Beneficiary or the person entitled thereto. <br /> 4. Upon default by Grantor in the payment of any indebtedness secured hereby or in <br /> the performance of any agreement contained herein, after any applicable cure period has <br /> expired without the correction of the default, all sums secured hereby shall immediately <br /> become due and payable in accordance with the Loan Documents(at the option of the City). In <br /> such event and upon written request of Beneficiary, Trustee shall sell the trust Property, in <br /> accordance with the Deed of Trust Act of the State of Washington, at public auction to the <br /> highest bidder. Any person except Trustee may bid at Trustee's sale. Trustee shall apply the <br /> proceeds of the sale as follows: (1)to the expense of the sale, including a reasonable Trustee's <br /> fee and attorneys'fee; (2)to the obligation secured by this Deed of Trust; and (3)the surplus, if <br /> any, shall be distributed to the persons entitled thereto. <br /> 5. Trustee shall deliver to the purchaser at the sale its deed, without warranty, which <br /> shall convey to the purchaser the interest in the Property which Grantor had or had the power <br /> to convey at the time of its execution of this Deed of Trust, and such as it may have acquired <br /> thereafter. Trustee's deed shall recite the facts showing that the sale was conducted in <br /> compliance with all the requirements of law and of this Deed of Trust, which recital shall be <br /> prima facie evidence of such compliance and conclusive evidence thereof in favor of bona fide <br /> purchasers and encumbrancers for value. <br /> 6. The power of sale conferred by this Deed of Trust and by the Deed of Trust Act of the <br /> State of Washington is not an exclusive remedy; Beneficiary may cause this Deed of Trust to be <br /> foreclosed as a mortgage. <br /> 7. In the event of the death, incapacity, disability or resignation of Trustee, Beneficiary <br /> may appoint in writing a successor trustee, and upon the recording of such appointment in the <br /> mortgage records of the county in which this Deed of Trust is recorded, the successor trustee <br /> Deed of Trust Page 3 <br />