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(e) to cause the replacement or correction of any work or materials which do
<br />not comply with the plans and specs as approved by the Beneficiary and which are
<br />reasonably unsatisfactory to Beneficiary, within fifteen (15) days after written notice
<br />from Beneficiary of such fact, which notice may be given to Trustor by registered or
<br />certified mail, sent to its last known address, or by personal service of the same.
<br />Section 1.04. Maintenance, Repair, Alterations. Trustor shall: (i) keep the
<br />Mortgaged Property in good condition and repair, subject to reasonable and ordinary wear and
<br />tear; not remove, demolish or substantially alter (except such alterations as may be required by
<br />laws, ordinances or regulations) any of the Improvements; (ii) complete promptly and in good
<br />and workmanlike manner any building or other improvement which may be constructed on the
<br />Property and promptly restore in like manner any Improvement which may be damaged or
<br />destroyed thereon, subject to the provisions of Section 1.07, and to pay when due all claims for
<br />labor performed and materials furnished therefor; (iii) comply with all laws, ordinances,
<br />regulations, covenants, conditions and restrictions now or hereafter affecting the Mortgaged
<br />Property, or any part thereof, or requiring any alterations or improvements; not to commit or
<br />permit any waste or deterioration of the Mortgaged Property; (iv) keep and maintain abutting
<br />grounds, sidewalks, roads, parking and landscape areas in good and neat order and repair; (v)
<br />comply with the provisions of any lease, if this Deed of Trust is on a leasehold; and (vi) not
<br />commit, suffer or permit any act to be done in or upon the Mortgaged Property in violation of
<br />any law, ordinance or regulation.
<br />Section 1.05. Required Insurance. Trustor shall provide, maintain and keep at all
<br />times in force the following policies of insurance:
<br />(a) Insurance upon all Improvements and Personal Property against loss or
<br />damage by fire, lightning and other risks customarily covered by standard "all risk" and
<br />extended covered endorsements, together with theft, vandalism, malicious mischief,
<br />collapse, replacement cost, agreed amount and restoration in conformance with
<br />applicable laws and ordinances, all in such amounts as may be from time to time required
<br />by Beneficiary, but, in no event less than the full replacement cost of the Improvements
<br />now existing or hereafter erected or placed upon the Property, including the cost of debris
<br />removal, and of all Personal Property, and, in any event in an amount not less than the
<br />full unpaid balance secured by this Deed of Trust;
<br />(b) Loss of rent insurance for at least six (6) months;
<br />(c) Commercial general liability insurance (including coverage for elevators
<br />and escalators, if any, on the Mortgaged Property) on an "occurrence basis" against
<br />claims for "personal injury," including, without limitation, bodily injury, death or
<br />property damage occurring on, in or about the Mortgaged Property and the adjoining
<br />streets, sidewalks and passageways, such insurance to afford immediate minimum
<br />protection to a limit satisfactory to Beneficiary and in no event less than $2,000,000.00
<br />with respect to personal injury or death to any one or more persons or damage to
<br />property;
<br />(d) Workers' compensation insurance (including employer's liability
<br />insurance, if required by Beneficiary) for all employees of Trustor engaged on or with
<br />respect to the Mortgaged Property in such amount as is satisfactory to Beneficiary, or, if
<br />such limits are established by law, in such amounts;
<br />(e) During the course of any construction or repair of Improvements on the
<br />Property, builder's completed value risk insurance against "all risks of physical loss,"
<br />including collapse and transit coverage, during construction of such improvements, with
<br />deductibles acceptable to Beneficiary, in non - reporting form, covering the total value of
<br />work performed and equipment, supplies and materials furnished;
<br />(f) If requested by Beneficiary, boiler and machinery insurance covering
<br />pressure vessels, air tanks, boilers, machinery, pressure piping, heating, air conditioning
<br />and elevator equipment and escalator equipment, provided the Improvements contain
<br />equipment of such nature, and insurance against loss of occupancy or use arising from
<br />any such breakdown, in such amounts as are satisfactory to Beneficiary;
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