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<br /> ImproveAtents and that it owna �he 2ru��-:k�soperty free and clear
<br /> of ali liens, enewabrances and chazge3 wliatsoever exeept for
<br /> those exceptians shown in the titiQ �nsura�ace polioy i�suring the
<br /> - � • 2ien of tbis Deed af Tr�st. Gra�tdr shall forever warrant,
<br /> defend and preserve such titl� an� the�:��alidity and priority oF
<br /> , the lien aE thia Deed of Trus� a�� shas�l� forever warran�. antl
<br /> defend th� saa�e to Beneficaa�y a��i'n�t the clai.ms of a�.�.�rso�s
<br /> whomsoever. - �,
<br /> 3. Insurance. {a} Grantor w�I3 keep the T��i��
<br /> Preperty itu��ed against lo3s or damaqe .�.y. �fire, flood a�r3 sucE�
<br /> � othe� �azaz$:t�,: risks an�3 matterso: inclur�it�g withr�ut �imitation.
<br /> busia�ss in�errug��on, rental l�s�� -pub�'s� lia�tiTity, and boiler �
<br /> damag� and.. �liability, as Bene�x�iai�ir ibay �r�m �i��e to time �
<br /> require in �unts required bg Beneficiar�r .arcd shali pay the - �:�i�:'��
<br /> � premiums fQ� such insusance �ttie "InsuraM� Premi�ums") as the
<br /> aame become due amd payable. �►1��� pniicies of ir�i;erance (tbe �
<br /> "Pvlfcies") shall be� issued by� insurers acceptaL��� to �Benefici�r�'� �.
<br /> and shall contain the standarcF New York mortgagee nan- ,
<br /> contribution clause namnng aeneficiary as the person to which a�� � , � �
<br /> � . payments made by such insu�ance company shall be paid. Grantos•: ° � �
<br /> wi],� a�sign and deliver the Po?�ici�s ta Heneficiary. Not later • � ��
<br /> th��. fifteen (15) days priat to t�� expi�afiion date of each of �
<br /> . the PoliciesG Grantor w;.11 deliver evide��e satisfactory, to � �--`.;s
<br /> Beneficiary a� th� renewal v� each of the Policies. "_��� rr�
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<br /> (b) If the Truat Prvperty shall be damagecl or E;:�:'�'
<br /> destroyed, in who�� �z sn gast, by fire or other casualty, ; ,:--
<br /> Graiitor shali give gsarr.pt nmtice thereof to Beneficiary. Sums
<br /> paid to Heneticiasy by a�n�.� insurer may be retained and applied by �
<br /> � Heneficiary, after d�ducti�on of He�eficiary's reasonable costa
<br /> and �xpenae� o� ca-�l�ction, toward payment of the Oebt in such
<br /> prfa�ity and praportf�ne as Heneficfary in its discretion shall ',�
<br /> -� deem proper Q�r, at th� di�cretion of Beneficiary, either in whole
<br /> � or in part, �u Granrar far such pusposes as Benef iciary ahall
<br /> , designate. Any reduc�civn of the Debt pursuant to the terms of
<br /> this paragraph 3 a1a�11 not be deemed a prepayment of the Debt �r�:� . �
<br /> no prepayment �onsicieration., if any, sha�I be due. �`,�::
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<br /> 9. Pa aaent of Taxes, etc. Grantor shall pay all
<br /> taxes, assessmenta, water rates an.' sewer rents, now or hereaF��� � �
<br /> __ levied or assessed or imposed aga"rr�st the Tr�st Property or any° �'��
<br /> �,
<br /> part thereof �the "'Paxes") and all ground �ents, maintenance
<br /> - charges, other governmental imposftions, and other charges, .
<br /> fncluding without limitation vault charges and license fees far
<br /> the a�s� of vaults, chutes and simi].ar areas ad�oi�ing the -
<br /> Premis��s, now or hereafter levier3 or assessed or imposed agains�
<br /> _ the Trust Pr��perty or any p�.st thereof (the "Other Chargea") as
<br /> same became due and payable. Grantor wiil deliver to
<br /> � � Benefieiary, promptly upon Beneficiary's request, evidence
<br /> satiafactory to Beneficiary that the Taxes and Other Charges have
<br /> been sa. paid or are not then delinguent. Grantor shall not
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