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<br />satisfactory to Beneficiary. Grantor shall furnish Beneficiary with an original or certified copy of all
<br />policies of required insurance. Fifteen days prior to the expiration of each such policy, Grantor shall
<br />furnish Beneficiary with evidence satisfactory to Beneficiary of the reissuance of a policy continuing
<br />insurance in force as required by this Deed of Trust. All such policies shall contain a provision that such
<br />policies will not be canceled or materially amended in any manner, including, without limitation,
<br />amended to reduce the scope of limits of coverage, without 30 days' prior written notice to Beneficiary
<br />and shall provide that no claims shall be paid thereunder without at least 10 days' prior written notice to
<br />Beneficiary. In all cases, Grantor shall immediately give notice to Beneficiary of any notice received by
<br />Grantor of any expiration, cancellation or modification of, or material reduction of coverage under, any
<br />such policy.
<br />Grantor assigns to Beneficiary all proceeds of any insurance policies insuring against loss or
<br />damage to the Mortgaged Property. Grantor authorizes Beneficiary to collect and receive such proceeds
<br />and authorizes and directs the issuer of each of such insurance policies to make payment for all such
<br />losses directly to Beneficiary, instead of to Grantor and Beneficiary jointly. Beneficiary may apply the
<br />same to payment of the indebtedness due under the Loan Agreement first to unpaid interest which is due
<br />and delinquent, and second, to principal of such indebtedness, and prior to such application, may deduct
<br />therefrom any expenses incurred in connection with the collection or handling of such proceeds, it being
<br />understood that Beneficiary shall not be, under any circumstances, liable, or responsible for failure to
<br />collect, or exercise diligence in the collection of, any of such proceeds.
<br />In the event Grantor fails to provide, maintain, keep in force or deliver and furnish to Beneficiary
<br />the policies of insurance required by this Deed of Trust or make the deposits required hereunder,
<br />Beneficiary may procure such insurance or single interest insurance for such risks covering Beneficiary's
<br />interest, and Grantor will pay all premiums thereon promptly upon demand by Beneficiary, and until such
<br />payment is made by Grantor the amount of all such premiums, together with interest thereon at the
<br />Default Interest Rate (as defined in the Loan Agreement), shall be secured by this Deed of Trust.
<br />Section 4.4 Repair. Grantor shall maintain the Mortgaged Property, or cause the Mortgaged
<br />Property to be maintained, in good condition and repair.
<br />ARTICLE 5
<br />DEFAULT AND FORECLOSURE
<br />Section 5.1 Remedies. Upon the occurrence and during the continuance of an Event of Default,
<br />Beneficiary may, by or through Trustee, exercise any or all of the following rights and remedies:
<br />(a) Entry on Mortgazed Property. Enter the Mortgaged Property and take exclusive
<br />possession thereof and of all books, records and accounts relating thereto or located thereon. If Grantor
<br />remains in possession of the Mortgaged Property following the occurrence and during the continuance of
<br />an Event of Default and without Beneficiary's prior written consent, Beneficiary may invoke any legal
<br />remedies to dispossess Grantor.
<br />(b) Operation of Mortgaged Property. Hold, lease, develop, manage, operate or otherwise
<br />use the Mortgaged Property to the same extent as Grantor, its successors or assigns, might at the time do
<br />and may exercise all rights and powers of Grantor, in the name, place and stead of Grantor, or otherwise
<br />as Beneficiary shall deem best (making such repairs, alterations, additions and improvements and taking
<br />other actions, from time to time, as Beneficiary deems necessary or desirable), and apply all Rents and
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