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201308940 1. Warrants the Property against all claims and demands, subject to any covenants, easements or restrictions listed in a schedule of exceptions to coverage in any titled insurance policy insuring Lenders' interest in the Property. 2. Payment. To pay the principal and interest thereon as provided in this Deed of Trust and the Note. 3. Taxes and Assessments. To pay on or before they become delinquent all taxes, special assessments and other charges against the Property. Upon demand and notice from Beneficiaries, Trustors shall pay to Beneficiaries with each monthly payment, to be held in escrow, an amount equal to 1/12 of the projected real estate taxes, special assessments and other charges so that sufficient funds exist in escrow for timely payment of such taxes, special assessments and other charges before they come delinquent. 4. Insurance. To keep the property insured against damage by fire, hazards included within the term "extended coverage" in an amount not less than 80% of the replacement value or the outstanding principal balance on the Note, whichever is greater, with companies acceptable to Lenders, and loss payable to the Lenders. In the event of a partial loss to the Property, Lenders agree that the insurance proceeds may be used to restore the Property. Proof of insurance shall be delivered to Lenders annually. Any policy shall prohibit cancellation or termination by insurer without thirty (30) days written notice from insurer to Lenders and Trustee. 5. Repair, Maintenance and Use. To promptly repair, restore, or rebuild any improvements now or hereafter on the Property; to keep the Property in good condition and repair, without waste, and free from mechanic's or other liens not expressly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to diminish or impair the value of the Property by any act or omission to act; and to comply with all requirements of law with respect to the Property. 6. Condemnation. That in the event the Property, or any part thereof, shall be taken by eminent domain, the Lenders are empowered to collect and receive all compensation which may be paid for any property taken or for damages to property not taken, and shall apply such compensation, at Lenders' option, either to a reduction of the indebtedness secured hereby or to repair and restore the property so damaged. 7. Performance by Lenders. That Lenders may, but shall have no obligation, to do any act which the Borrowers have 'agreed but fail to do, and Lenders may also do any act they deem necessary to protect the lien hereof. Borrowers agree to repay, upon demand, any sums to expended by the Lenders for the above purposes, with interest thereon, and any sums so expended by the Lenders shall be added to the indebtedness secured hereby, become subject to the lien hereof, and bear interest at the default rate until paid. Lenders shall not incur any personal liability because of anything they may do or omit to do hereunder. 8. Notice. Any notice to Borrowers provided for in this Deed of Trust or by applicable law shall be given by mailing by certified mail, return - receipt requested, addressed to Page 2 of 4