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Property for each such year. Such statements shall be certified by Grantor to be true and correct and any expense involved in compiling such statements shall be at Grantor's sole cost and expense; (g) No Additional Debts. That Grantor will not incur any additional capital debts for any purpose without the written consent of Corporation. 7. SUBROGATION. The lien created by this Deed of Trust shall take precedence over and be a prior lien to any other lien of any character hereafter created on the Property, and if any money advanced by Corporation to, or on behalf of, Grantor, as part of the indebtedness evidenced by the Note secured hereby, is used to payoff and satisfy any liens heretofore existing on the Property, then Corporation is, and shall be, subrogated to all of the rights, liens, remedies, equities, superior title and benefits held, owned, or enjoyed by the holders of the liens so paid off and satisfied. 8. EMINENT DOMAIN. If any part of the Property is taken by the right of eminent domain, all sums awarded to Grantor in any condemnation proceeding shall be payable to Corporation and shall be applied toward the payment of the Note and any other indebted- ness of Grantor to Corporation. 9. MAXIMUM INTEREST. Determination of the rate of interest shall be made by amortizing, prorating, allocating, and spreading, in equal parts during the full contracted period of the life of the loan all interest at any time contracted for, charged, or received from the Grantor in connection with the loan. No provi- sion of this instrument or of the Note shall require the payment or permit the collection of interest in excess of the maximum per- mitted by law. If at any time the interest received or contracted for exceeds the maximum lawful rate, the Corporation shall refund the amount of the excess or shall credit the amount of the excess against amounts owing under the loan and the excess shall not be considered the payment of interest. 10. APPLICATION OF PAYMENTS. If any portion of Grantor's indebtedness to Corporation cannot be lawfully secured by this Deed of Trust lien on the Property, Grantor agrees that the first payments made on such indebtedness shall be applied to the dis- charge of that portion of such indebtedness which cannot be law- fully secured hereby. 11. EXTENSIONS AND PARTIAL RELEASES. Extensions of the time of payment of all or any part of the indebtedness secured hereby may be given, and any part of the Property may be released from this lien without altering or affecting in any way the priority of the lien created hereby. 12. DEFAULT BY GRANTOR. Corporation may, at its option, declare the entire indebtedness secured hereby, immediately due and payable, and this Deed of Trust may be enforced immediately, as is hereinafter provided, upon the occurrence of anyone of the following events of default: (a) if Grantor should fail to make payment of the Note, or any other indebtedness secured by this Deed of Trust, or any installment or portion thereof, as and when the same shall become due and payable, whether at the due date thereof or by accelera- tion or otherwise; 3.