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Trust. 201600673 2. Payment of all other indebtedness, liabilities and obligations of Trustor now or hereinafter incurred or arising under the terms of any other promissory note or contract executed by Trustor for the benefit of Beneficiary (the "Other Obligations "); 3. Payment of all sums advanced by Beneficiary to protect the Trust Property, with per annum interest thereon at a rate equal to ten percent (10 %) or the highest rate allowed by law, whichever is less; and 4. The performance of Trustor's covenants and agreements set forth in this Deed of All obligations secured by this Deed of Trust shall be hereinafter collectively referred to as the "Indebtedness." This Deed of Trust, the Note, the Other Obligations and any other instrument given to evidence or further secure the payment and performance of any obligation secured hereby shall be hereinafter collectively referred to as the "Loan Documents." TRUSTOR AND BENEFICIARY AGREE AS FOLLOWS: 1. Trustor shall pay when due, all indebtedness, obligations and liabilities as provided in the Loan Documents. 2. All payments received by Beneficiary shall be first applied to advances which may have been made by Beneficiary and then to interest due and last to principal due. 3. Trustor shall pay all general real estate taxes and special assessments against the Real Estate before the same become delinquent. 4. If Beneficiary determines that any part of the Real Estate is subject to a lien, which is or may attain priority over this Deed of Trust, other than a lien for real estate taxes or special assessments which are not yet delinquent, Beneficiary may give Trustor a notice identifying the lien and Trustor shall satisfy the lien within ten (10) days. 5. Trustor shall promptly pay, when due, all fines, claims, awards or other charges imposed against Trustor or the Trust Property under any federal, state or municipal law or regulation, including but not limited to any matters relating to the environmental condition of the Trust Property or improvements located thereon. Trustor hereby releases and waives any present or future claims against Beneficiary for indemnity or contribution in the event Trustor should incur any liability related to hazardous waste, hazardous substances, or other applicable environmental laws, excepting however any claims arising due to an act or omission occurring subsequent to Beneficiary's acquisition of the Real Estate by foreclosure or trustee's sale, or acceptance of a deed in lieu thereof. 6. Trustor shall keep the improvements on the Real Estate insured against loss by fire and hazards included within the term "extended coverage" for their insurable value and policies for the same shall include a standard mortgage clause showing Beneficiary herein. In the event of loss, Beneficiary may make proof of loss if not promptly made by Trustor. Insurance proceeds shall be applied to restoration or repair of the Trust Property damaged, unless both parties otherwise agree, except if restoration or repair is not economically feasible or Beneficiary's security is not lessened, otherwise said proceeds shall be paid on the debt herein, whether or not then due. Unless Beneficiary and Trustor otherwise agree in writing, any payments or proceeds 4844 -6966- 0972.2 2