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Page 2 of 4 201500562 demands, subject to any covenants, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy insuring Lender's interest in the Property. 2. Payment. To pay the principal and interest thereof as provided in this Deed of Trust and the Note. 3. Taxes and Assessments. To pay on or before the date upon which they become delinquent all taxes, special assessments and other charges against the Property. 4. Insurance. To keep the property insured against damage by fire, hazards included within the term "extended coverage" and other such hazards as Lender may require, in amounts and with companies acceptable to Lender naming Lender as an additional named insured, with loss payable to the Lender. In case of loss under such policies, the Lender is authorized to adjust, collect and compromise, all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby and in such order as Lender may determine, (ii) to the Trustor to be used for the repair or restoration of the Property or (iii) for any other purpose or object satisfactory to Lender without affecting the lien of this Deed of Trust for the full amount secured hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under the Note, or cure any default thereunder or hereunder. 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 Borrower is 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 Borrower's option, either to a reduction of the indebtedness secured hereby or to repair and restore the property so damaged; provided, however, that Borrower shall not be required to apply such funds against the indebtedness if the amount then owing is less than the remaining fair market value of the security. 7. Performance by Lender. That Lender may, but shall have no obligation, to do any act which the Borrower has agreed but fail to do, and Lender may also do any act they deem necessary to protect the lien hereof. Borrower agrees to repay, upon demand, any sums so expended by the Lender for the above purposes, and any sums so expended by the Lender shall be added to the indebtedness secured hereby and become subject to the lien hereof. Lender shall not incur any personal liability because of anything they may do or omit to do hereunder. 8. Notice. Any notice to Borrower provided for in this Deed of Trust or by applicable law shall be given by mailing by certified mail, return- receipt requested, addressed to Borrower at the