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against all claims and demands. 2016068 3. Maintenance and Compliance with Laws: Trustor shall keep the Property in good repair and condition and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. No improvement now or hereafter erected upon the Property shall be altered, removed or demolished without prior written consent of the Beneficiary. Trustor shall comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the Property and shall not commit, suffer or permit any act to be done in or upon the Property in violation of any law, ordinances, regulation, covenant, condition or restriction. Trustor shall complete or restore promptly and in good workmanlike manner any improvement on the property which may be damaged or destroyed and pay, when due, all claims for labor performed and materials furnished therefor and for any alterations thereof. 4. Insurance: Trustor, at its expense, will maintain with insurers approved by the Beneficiary, insurance with respect to the Improvements and personal property, constituting the Property, against loss by fire, lightening, tornado, and other perils and hazards covered by standard extended coverage endorsement, in an amount equal to at least the unpaid principal balances of the Note and any accrued interest thereon. All insurance policies maintained pursuant to this Deed of Trust shall name the Trustor and Beneficiary as insured, as their respective interests may appear, and provide that there shall be no cancellation or modification without no less than fifteen (15) days prior written notification to the Trustee and Beneficiary. In the event any policy hereunder is not renewed on or before fifteen (15) days prior to its expiration date, the Trustee or Beneficiary may incur such insurance and renewals thereof or memo copies of such policies and renewals thereof. Failure to furnish such insurance by Trustor, or renewals as required hereunder shall, at the option of the Beneficiary, constitute a default. 5. Taxes, Assessments and Charges: Trustor shall pay all taxes, assessments and other charges, including, without limitation, leasehold payments or ground rents, if any, before delinquency, without notice of demand, and shall provide Beneficiary with evidence of the payment of the same. Trustor shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed of Trust or the debt secured hereby, without regard to any law that may be enacted imposing payment of the whole or any part thereof upon the Beneficiary. 6. Additional Liens and Protection of Beneficiary's Security: Trustor shall make all payments of interest and principal and payments of any other charges, fees and expenses contracted to be paid to any existing lien holders or prior Beneficiary under any prior deed of trust or mortgage before the date they are delinquent and promptly pay and discharge the security granted herein. If Trustor fails to make any such payment or fails to perform any of the covenants and agreements contained in this Deed of Trust, or in any prior mortgage or deed of trust, or if any action of proceeding is commenced which materially affects Beneficiary's interest in the Property, including, but 3