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<br /> 1.4 Tnzes snd Other Charge�. g'r_�a�oG.3
<br /> 1.4.1 Tni�a end Asseasmenta. Grantor shall pay prornptly whea due all
<br /> taxes,assessments,rates�duea,chazges,fees� levies,fines,impositions,liabilities,obligations,
<br /> liens and encumbrances of evary kind and nature whatsoever now or h�ieatter imposed,
<br /> levied or assessed upon or against the Property or any part thereof, or upon or ageinst this
<br /> Deed of Trust or Cirantor's Liabilities; provided, however, that Grantar msy in good faith
<br /> contest th� validity, appticability or amount of eny ta.�c, esaessment or oth�aharge, to the
<br /> extent pem�itted by,and in accordance with,t.ho provisions of,the Loaa Agaement.
<br /> 1.4.2 Tues Affectin�Lender'a Interest. If aay state,fedexal, municipal or
<br /> other governmental l�w,order, rule or regulation,which becomes effective subsequent to the
<br /> date hor�of, in any meaner chaaSes or modifies existing laws goveming tho taxation of
<br /> mortgages ar deeds of trust or debts aecured by mortgages or dads of trust, or the mauner of
<br /> collecting taxes, so as to impose on Leader a tax by reason of its ownerslap of eny or ell of
<br /> the Loan Instrumonts or measured by the principal amouat of the Loans or Ciraawr'a
<br /> Liaoitiii�, iequi�rs 8r h�ttte prscticsl zffxt of r�t!isnno Lender to pay arn vortion of the
<br /> real estata taxes l�vied in respect of the Property or w p�y eny tex lavied in whole or ia part ia
<br /> aubstitutiom for real ostate texes or otherwise affa,ts meteriaUy ead advasely the righta of
<br /> Lender in r�t of Grentor's Liabilities,tbis Deed of Trust or the other Loaa Instrumaats to
<br /> whioh Graator is a party, all(ireator's Lisbilities shall, upon ainecy(40) daya aotice,bocume
<br /> due and payeble forthwith at tha option of Loader.whetha or not thare shall have occurred an
<br /> Event of Dafault, provided� howover, that, if CiranWr may, witliout vielxting or causing a
<br /> violsuvn oi�uuii D'a�,Grdci�fifZ:,0;Tt�3!!Q!!,g�'�L!rh t�rM�r�theif siUlls e! H[C QOCeS30[Y =-
<br /> to eliminat�e such adverse effect upon the rights of Leada aad does pay such taxes or oth�r
<br /> sums whea due,Leader may not elect to declare due tlue Loane aad all Grant4r's Liabilities by
<br /> reason of the provisions of this Section 1.4.2.
<br /> 1.5 Comtractlon�nd Other Lient. (ireator shall not pe=mit or suffar an}r
<br /> construction,laborer's, matecislman's, statutory nr other liea or eacumbreaca(other than the
<br /> Pernutted Encwnbrances)to be created upon or sgainst the Propaty��Provided, however,th�t
<br /> Graator may ia good faith, b'Y aPPropriaie procee�ings.contest the validity►apPlicability or
<br /> amount of any asaerted liea, if (3rnntor shall first obtain aa eadorseana�t, in form and
<br /> substa�aca setiefactory to Lendar,to the laan policy of tide insurance issued t�o L.endar insuring
<br /> the lion of this Deed of Truat,iasuring over such assetted lieen.
<br /> 1.6 Ineurance�nd Condema�Non.
<br /> 1.6.1 Insurance Policies. Graator shall, at ita sole expense, obtaia for,
<br /> deliver to. assign te aad maintain for the beneFit of Lender, until Cirantor'e Liabilitie�are paid
<br /> in full, suah policies of insurance as Lcnder may r�aganably require. Lenda acknowledgas
<br /> that the insurance provided by GranWr as of the date hereof is adcquate.
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