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<br /> t� TO PROT�rT Tf�TF. SECURITY OF THIS DEED OF TRUST, TRUSTOR �;,,��';�;
<br /> ���'�� COVENANTS AND AGREES AS FOLLOWS: �•� -""'"`"=
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<br /> 1. Tttle. Trustor cuvenants, wanants and agrees with Beneficiary. i�s successors and assigns, :t�.;�;�"
<br /> . . that subject to the terms and conditions of the Lease, the Trustor has title to the Trust ='"`=z-
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<br /> , Property free from any prior lien or encumbrance except as otherwise listed above, that :;�_`__
<br /> � this Deed of Trust is and will remain a valid and enforceable second lien on the Trust '��'"� -
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<br /> Property, that Tcustor, at its expense, will preserve such title and will maintain this Deed --
<br /> �; of Trust as a second lien upon the Trust Property and wiU forever warrant and defend the ;..;;:.,;,,�,:,�.�:_-
<br /> � .. validity and priority of the lien hereof against the claims of all persons and parties � ;;=-�;-:;<`__
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<br /> � whomsoever. Trustos, at its expense, will cause this Deed of Trust, and each amendment �''�;°;,,';:-°Y
<br /> or supplement here¢�, to be filed and recorded as a mortgage of the Trust Property in such _1i:�,.;��,
<br /> manner and in such place and will take such action as in the apinion of Trustee may be —
<br /> „� required by any present or futiar¢ law in order to perfect, maintain and protect the lien of
<br /> . •• this Deed of Trust, as the same may be amended or supplemented from time to tune.
<br /> Trustor will make such further assurance or assurances to perfect its title t0 the Tnsst _
<br /> '� Property as may be required by Heneficiary. Trustor hereby relinquishes all right of _
<br /> dower and h�mestead in and to the Trust Property.
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<br /> 2. Payment of Indebtedness. Trustor shall promptly pay when due die Obligatians and all
<br /> other indebtedness. The Trustor shali also promptly and faithfully observe all of its
<br /> . obligations under aaay other deed of wst encumbering all or part of the Trust Property
<br /> ,�. ? � and, if applicable, any prora�issory note, guaranty, or oth�r term of contractual
<br />_`� indebtedness secured by such other deed of trust, whether junior or senior to the lien of
<br /> 'Y'`''`�" this deed of trust, and any other obligations secured by a iien on the T'rust Property,
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<br /> =k��• �'���•�.u whether arising consensually or by operation of law.
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<br />�;�:�y;.,:�_�� 3. Construction of Improvements.Trustor shall complete in good and workmanlike manner
<br /> T"��°'?:;`7'`��• any buildings, improvernents or repairs relating thereto which may be begun on the Trust
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<br />�' u�' Property or contemplated by the Obligations secured hereby, to pay when due all costs and
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<br /> -z���;�;��.�:--��,'� liabilities incuned therefore, and not to permit any construction lien against such Trust -
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<br />�:� `�.�'`�, P roperty. In t he ev e n t c o n s t r u c t i o n o f b u i l d i n g s, i m p r o v e m e n t s o r r e p a i r s az e
<br />�`•= contemplated, Trustor also agrees, anything in this Deed of Trust to the contrary
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<br /> -.�.;�;�;}' notwithstanding; (a) to promptly commence any such work and to complete the proposed
<br /> �_�*-5n�__�_� improvements prompdy, (b) to complete the same in accordance with the plans and -
<br />-i"'�'?"� specifications as approved by Beneficiary, (c) to cornply with ala ttte terms of a building _
<br />"''.;�;;"'�� loan agreem�ent, if any, between Trustor and Beneficiary, the terms of which are
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<br /> -�•�-��••�-�-� incorporated herein by reference and made a part hereof, (d) to allow Beneficiary to _
<br />- �� ��� inspect the Trust Properry at all times during conswction, and (e)to replace any work or =
<br /> : materials unsatisfactory ro Beneficiary within fifteen (IS) days after written notice from =
<br /> , Beneficiary of such fact.
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<br /> 4. Funds for Payment of Charges. If requested at any time or from time to time by the �„--�.-
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<br /> Beneficiary, Trustor shall pay to Beneficiary on the�rst day of each month,or such other �����Y
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