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Grantor covenants with Beneficiary as follows: ARTICLE 4 COVENANTS 201605356 Section 4.1 Lien Status. Grantor shall preserve and protect the lien and security interest status of this Deed of Trust against all liens or encumbrances other than Permitted Encumbrances. Section 4.2 Replacement of Fixtures. Grantor shall not, without the prior written consent of Beneficiary, permit any of the Fixtures owned or leased by Grantor to be removed at any time from the Land or Improvements, unless the removed item is removed temporarily for maintenance, repair or replacement. Section 4.3 Insurance. Grantor shall provide, maintain and keep at all times in force the following policies of insurance: (a) Insurance upon all Improvements and Fixtures against loss or damage by fire, lightning and other risks customarily covered by standard "all risk" and extended covered endorsements, together with theft, vandalism, malicious mischief, collapse, replacement cost, agreed amount and restoration in conformance with applicable laws and ordinances, all in such amounts as may be from time to time required by Beneficiary, but in no event less than the full replacement cost of the Improvements now existing or hereafter erected or placed upon the Property, including the cost of debris removal, and of all Personal Property, and in any event in an amount not less than the full unpaid balance secured by this Deed of Trust, which policies shall name Beneficiary as sole loss payee; and (b) Commercial general liability insurance (including coverage for elevators and escalators, if any, on the Mortgaged Property) on an "occurrence basis" against claims for "personal injury," including, without limitation, bodily injury, death or property damage occurring on, in or about the Mortgaged Property with no less than $1,000,000 per occurrence, which policy shall name Beneficiary as additional insured; All policies of insurance required by the terms of this Deed of Trust shall contain an endorsement or agreement by the insurer that any loss shall be payable in accordance with the terms of such policy, notwithstanding any act or negligence of Grantor which might otherwise result in forfeiture of said insurance, and the further agreement of the insurer waiving all rights of setoff, counterclaim or deductions against Grantor. All policies of insurance shall name Beneficiary as an additional insured and shall have attached thereto a lender's loss payable endorsement for the benefit of Beneficiary, which endorsement indicates that all insurance proceeds are payable directly to Beneficiary and shall be otherwise in form satisfactory to Beneficiary. Grantor shall furnish Beneficiary with an original or certified copy of all policies of required insurance. Fifteen days prior to the expiration of each such policy, Grantor shall furnish Beneficiary with evidence satisfactory to Beneficiary of the reissuance of a policy continuing insurance in force as required by this Deed of Trust. All such policies shall contain a provision that such policies will not be canceled or materially amended in any manner, including, without limitation, amended to reduce the scope of limits of coverage, without 30 days' prior written notice to Beneficiary and shall provide that no claims shall be paid thereunder without at least 10 days' prior written notice to Beneficiary. In all cases, Grantor shall immediately give notice to Beneficiary of any notice received by 4837- 9099 - 7551.5 6