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201503758 5.02 Defense and Notice of Claims and Actions. At Trustor's sole expense, Trustor shall protect, preserve and defend the Property and title to and right of possession of the Property, and the security of this deed of trust and the rights and powers of Trustee and Beneficiary created under it, against all adverse claims. Trustor must give Trustee and Beneficiary prompt notice in writing if any claim is asserted which does or could affect any of these matters, or if any action or proceeding is commenced which alleges or relates to any such claim. 5.03 Liens. Charges and Encumbrances. Trustor shall immediately discharge any lien, charge or encumbrance on the Property other than Permitted Exceptions, to which Beneficiary has not consented in writing. Trustor must pay when due all claims for labor performed and material furnished to the Property and all other obligations secured by or reducible to a lien, charge or encumbrance which now does or later may encumber or appear to encumber all or part of the Property or any interest in it, whether the lien, charge or encumbrance is or would be senior or subordinate to this deed of trust. ARTICLE 6 - REPRESENTATIONS 6.01 Representations. Trustor represents to Beneficiary that: (1) the Property does not represent the proceeds of unlawful activity under any state, federal or foreign law; (2) the Property includes all property and rights which may be reasonably necessary or desirable to enable Trustor to use, enjoy and operate the Land, the Improvements, the Water Rights and the Equipment for the present uses thereof; (3) the Property is taxed and billed separately from real property not subject to this deed of trust; (4) none of the Land or Improvements is subject to any Lien, offset or claim except any easements, restrictions, and Liens for taxes and assessments on the Land and Improvements, if any, which are not yet due and payable, which are expressly listed on a schedule of exceptions to coverage in the final commitment for title insurance or pro forma policy of title insurance received by Beneficiary prior to the Closing; Trustor owns the Personalty free and clear of any security interests, reservations of title or conditional sales contracts, and there is no presently valid financing statement affecting the Personalty on file in any public office except as disclosed in writing to Beneficiary prior to the Closing; (6) Trustor has title to, or (in the case of leased property) valid leasehold interests in, all of their properties and assets, real and personal, including the properties and assets and leasehold interests reflected in the Financial Information (other than any properties or assets disposed of in the ordinary course of business); (7) the legal name of Trustor is as appears in this deed of trust; (8) Trustor has not used any trade name, assumed name or other name except Trustor's name stated in this deed of trust; (9) each Trustor who is a natural Person resides at the address adjacent to his or her signature below; (10) if Trustor is anything other than a natural Person, it has complied with all Applicable Laws concerning its organization, existence and the transaction of its business, and is in existence and good standing in its state of organization and each state in which it conducts its business; (11) the execution, delivery and performance by Trustor of this deed of trust is within the powers and authority of Trustor and has been duly authorized; (12) to Trustor's knowledge, this deed of trust does not conflict with any Applicable Law; (5) Willoughby Deed of Trust, Assignment of Rents, Security Agreement, and Fixture Filing Loan no. 197694 6 Rev. 1.7.2015