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<br /> � ita value, condition and Gharacter immediatel rior to such dam
<br /> � Y P age,
<br /> loes or d�atruction in accordance with plana and specificatinns
<br /> - submitt2� to and appio�eJ by ���,e£iciary.
<br /> 4. Payment of Tax�s, Asaeasmenta, Other Liens or Charges.
<br /> � Grantar ��Ta Y�y �o z'ne proper o cera a�. axea, assesaments,
<br /> general or apecial, including assesaments , dup and chargea for
<br /> water, of every kind, nature, and description, which shall be levied
<br /> or asseased on the Property at least fifteen (15) days prior to the
<br /> date when auch taxea or assessments would otherwise become
<br /> � delinquent, exhibiting to Beneficiary upon its request receipte of
<br /> proper officera evidencing such paymenta. In adaition, Grantor
<br /> shall pay when due all charges for water, water delivery, gas,
<br /> electric power and light, sewers, waste removal, any and all ground
<br /> renta and amaunts payable under any lease or permitted trust deed,
<br /> mortgage or other encumhrances, and expenses incident to the
<br /> ownership and occupancy of the Property. Grantor may aontest in
<br /> good faith and validity or amount of any tax, assesament or
<br /> governmental charge by appropriate proceeddings provided by law,
<br /> including payment of the tax, assessment, or charge under protest,
<br /> � if required, and Grantor �onvenants that upon a final determinatior�
<br /> with respeat to any auch contested tax, assessment or governmental
<br /> charges, Grantor will promptly pay any snms found ta be due
<br /> thereon. Prior to any auch contes�, Grant�r shall furniah �
<br /> Beneficiary, a cash deposit or other security in amount and form
<br /> satisfactory to Beneficiary to indemnify Beneficiary against the
<br /> sale, forefeiture of, or creation of a lien against the Property.
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<br /> � 5. Iw-vun�is. Ii requesteci by �eneficiary, Grantor covenants
<br /> and agrees to eposit with Beneficiary, in monthly inatallment � -
<br /> concurrently with and in addition ta each inatallment uf principal � �
<br /> and interest payable under the terms of the Note sufficient funda =?
<br /> (all as estimated by Beneficiary) to enable Beneficiary to pay ;�:�
<br /> before delinquency all taxes, assessments, and casualty insurance � —
<br /> premiums due on the Propert. Such installment shall be equal to the � '
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<br /> estimated taxes and assessments and premium ar remiums for such
<br /> insurance next due (as estimated by Beneficiary�, less all
<br /> installments already paid therefor, divided by the number of months >
<br /> that are to elapse before one (1) month prior to the date when such < �
<br /> taxes and assessments or premium or premiums shall become ?�
<br /> delinquent. If amounts paid to Beneficiar under �`��
<br /> y provisions of this
<br /> Section are insufficient to di.scharge the obligation of Grantor for ���..:
<br /> such taxes and assessments, or premiums, as the same becomes due, �� �
<br /> Grantor shall pay to Beneficiary upon demand such additional sums as
<br /> may be required to fully pay and discharge these items. Any excess � �
<br /> funds remaining after payment of all items before delinquency may be
<br /> held by Beneficiary for future use, remitted to Grantor, or credited
<br /> on any indebtedness or obligation hereby secured at Beneficiary' s
<br /> option. Nothing in this Section shall release Grantor from the
<br /> � obligation to pay such taxes, assessment and insuranee premiuma as
<br /> the game become due and payable. Deposits made under this Section
<br /> may be commingled with Beneficiar10s general corporate funds, and
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