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201300074 <br /> any lien attaching to the Mortgaged Property or any part thereof or interest therein, except as <br /> permitted by the Credit Agreement. In the event of any Transfer or the creation, suffering, <br /> permitting to be created of any lien attaching to the Mortgaged Property or any part thereof,that is <br /> not expressly permitted hereunder or under the terms of the Credit Agreement and is without the <br /> prior written consent of Beneficiary.Beneficiary shall have the absolute right at its option, without <br /> prior demand or notice,to declare all of the Obligations immediately due and payable and pursue its <br /> rights and remedies under Article V. Consent to one such Transfer or lien shall not be deemed to be <br /> a waiver of the right to require the consent to future or successive Transfers or liens. Beneficiary <br /> shall have the right to grant or deny such consent in its absolute discretion. If consent should be <br /> given to a Transfer and if this Deed of Trust is not released to the extent of the Mortgaged Property <br /> transferred or subjected to a lien by a writing signed by Beneficiary and recorded in the proper city. <br /> town, county or parish records, then any such Transfer or lien shall be subject to this Deed of Trust <br /> and any such transferee shall assume all obligations hereunder and agree to be bound by all of the <br /> provisions contained hereunder. <br /> (b) The Loan may not be assumed by a new borrower without the express written <br /> consent of Beneficiary. which consent may be withheld in Beneficiary's sole discretion. <br /> SECTION 2.08. Status and Care of the Premises. <br /> (a) Trustor represents and warrants that(i) the Premises is served by all necessary <br /> water, sanitary and storm sewer, electric, gas, telephone and other utility facilities which facilities <br /> have capacities which are sufficient to serve the current and anticipated future use and occupancy of <br /> the Premises as presently constructed; (ii) the Premises has legal access to public streets or roads <br /> sufficient to serve the current and anticipated future use and operation of the Premises as presently <br /> constructed; (iii)to the extent that the Premises is located in an area identified by the Secretary of <br /> Housing and Urban Development or a successor thereto as an area having special flood hazards or as <br /> an area designated as"flood prone"or a"flood risk area"pursuant to the National Flood Insurance <br /> Act of 1968 or the Flood Disaster Protection Act of 1973, and any amendments or supplements <br /> thereto or substitutions therefor, Trustor has purchased flood insurance to the extent available; and <br /> (iv) all activities and conditions on the Premises are currently in compliance with all Legal <br /> Requirements. <br /> (b) Trustor(i) shall use and operate the Premises, or cause the same to be used <br /> and operated as a restaurant; (ii) agrees that all activities on the Premises shall at all times comply <br /> with all Legal Requirements; (iii) shall operate and maintain the Premises, or cause the same to be <br /> operated and maintained,in good order,repair and condition except(subject to the provisions of this <br /> Section) for reasonable wear and tear; (iv) subject to the provisions of Section 3.02. shall make, or <br /> cause to be made, all repairs, replacements, alterations, additions and improvements of and to the <br /> Premises necessary or appropriate to keep the Premises in good order,repair and condition; (v) shall <br /> not initiate or affirmatively support any change in the applicable zoning adversely affecting the <br /> Premises, seek any variance (or any change in any variance), under the zoning adversely affecting <br /> the Premises;and(vi) shall,promptly after receiving notice or obtaining knowledge of any proposed <br /> or threatened change in the zoning affecting the Premises which would result in the current use of <br /> the Premises being a non-conforming use,notify Beneficiary thereof and diligently contest the same <br /> -10- <br />