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ARTICLE I COVENANTS Trustor covenants, warrants, represents and agrees to and with Beneficiary and Trustee as follows: 1.01 Payment of Principal and Interest. Trustor will pay the Obligations according to the terms thereof. 1.02 Warranty of Title. Trustor owns fee simple title to the Premises and is lawfully seized of the Property hereby conveyed, has the right to grant and convey the Property, and Trustor has good and marketable title to the Property subject to no lien, charge or encumbrance except such as are listed as exceptions to title in the title policy or policies, if any, insuring the lien of this Deed of Trust issued by a title company or companies acceptable to Beneficiary; Trustor owns, or upon acquisition thereof will own, the Fixtures free and clear of liens and claims, except as permitted under this Deed of Trust; and this Deed of Trust is and will remain a valid and enforceable lien on the Property subject only to the exceptions referred to above. Trustor has full power and lawful authority to grant, assign, transfer and mortgage its interest in the Property in the manner and form hereby done or intended. Trustor will preserve its interest in and title to the Property and will forever warrant and defend the same to Trustee and will forever warrant and defend the validity and priority of the lien hereof against the claims of all persons and parties whomsoever. Trustor shall promptly and completely observe, perform, and discharge as and when due each and every obligation, covenant and agreement affecting the Property whether the same is prior and superior or subject and subordinate hereto. 1.03 Further Assurances. Trustor shall, at its own cost and without expense to Trustee or Beneficiary, promptly execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, any and all such further conveyances, confirmations, instruments or further assurances and consents as Beneficiary may deem reasonably necessary or proper in order to effectuate, perfect, evidence or protect the liens, covenants and agreements created by or contained in this Deed of Trust and shall cause to be timely and properly filed, registered or recorded any existing documents or instruments of further assurance necessary to fully protect the lien of this Deed of Trust. Trustor shall pay all costs and expenses, including recording fees and taxes, incident to the execution and filing, registration and /or recording of this Deed of Trust and any instrument of further assurance. 1.04 Insurance. The Trustor shall maintain insurance in responsible companies in such amounts and against such risks as is usually carried by similar businesses conducting operations in similar areas, and, at a minimum, insurance on its businesses, fixed assets, inventory and other Property located at the Premises, including specifically, but without limitation, flood and title insurance, worker's compensation or similar insurance as required by law, and adequate public liability (including product liability) insurance against claims for personal injury, death or property damage arising out of its products, facilities or operations on the Premises, all such policies naming the Beneficiary as loss payee. Evidence of said insurance shall be provided to the Beneficiary at the time of renewal of the policies, but not less 5 201605317