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� ` 2� 17�2� 15 with�ut limi�at�on, a�� principa�, in�erest, charges, i.ncluding prepaymen� charges and la�e charges, and loan fees at any time accruing ar assessed on any Secured�bligation. 2.3 Ir�carparatian. Al� terms of the Secured �bligatians are incorpora�ed herein by this refer�nce. All persons who may have ar acqu�re an interest in the Trust Praperty are hereby deemed to have notice �f�he terms of the Secured �bligation� and to have na�ice, if pravided therein, �hat: �a} the Notes or any other Secured �bligation may permit borrowing, repayment and rebarrow�ng; and �b� the rate of in�eres�on one or mare of�he Secured�bligations may vary from time to time. 2.4 Maximum Secured Amounti. The maximum amaunt secured by this De�d of Trust �s twic� the aggrega�e amount of the Nates and each other instrument, agreement or abligation specifically descr�bed herein or in any rider attached to and recorded wi�h this Deed af Trust, or otherw�se �nCarporated herein by ref�renc�, including any of the foregoing vvhich is �ncarporated into this Deed of Trust by a modificati�n or similar dacumen� recorded subsequent to the date h�reof. The maximum amount secure� by this Deed flf Trust shall nat in any way imply that Ben�ficiary shall b� obliga��d to advance any amoun�at any time. Advances or disbursements made by Beneficiary��protect the security, under the terms h�re�f, shall not be deemed ta be optional advances. ARTI�LE III. RIGHT S AND DUTIE S �F THE PA►RTIE S 3.1 Title. Trustar warrants that Trustor lawfully possesses and holds fee simple�itl�to the Trust Pr�perty without I�mitat�on on the right to encumber, as herein pro�ided, and that this I]eed of Trust is a valid first pr�ority lien on the Trust Pr�per�y and a�l of Trustar's intierest there�n. 3.2 Taxes and Assessments. Sul�j ect �� the right, if any, of Trustor �� con�est payment of the follawing pursuant �a any other agr�ement between Trustor and Beneficxary, Trustor shai� pay prior to delinquency all taxes, assessments, �evies and charges imposed: �a�by any public or quasi-pub�ic author�ty or uti�ity company which are or which may become a lien upon or cause a loss in va�ue of the Trust Property or any interest there�n; or �b}by any public authori�y upon Benefic�ary by reason of its interest xn any Secured �bligation or iz� the Trust Praperty, or by reason of any payment made �o Beneficiary pursuant to any Secured�bligation; pr�vided however, that Trustor shall hav�no ob�igation �o pay any income taxes of Beneficiary. Within ten �1�) days of Benefic�ary's written request, Trustor shall furnish to Beneficiary satisfactory e�idenc� of the payment of alI �f the foregoing. Ben�ficiary is hereby authorized to request and receive fram the responsib�e governmental and nan-ga�ernrnental personnel written statements with respect to�he accrual and payment of any of the faregoing. 3.3 Performance of Secured �b�i ations. Trus�ar sha�l prompt�y pay and perfarm each Secured ��ligatian wh�n due. � 3.4 Liens Encumbrances and Char es. W�thin �en �� days of Beneficiary's wri�ten request, Trustar shall discharge, or to the ext�nt permitted hy 1aw, bond �ver, any lien on the Trust Property not appr�ved by Benefi�iary in writ�ng. Except as oth�rwise pro�ided in any Secured �bl�gatian �r ather agreement with Beneficiary, Trustor shall pay when due a11 abligatinns s�cured by or reducibie t� l�ens and encumbrances which shall now or hereafter encumber the Trus� Property, whether senior or subordinate hereto,inc�uding without limitati�n, any mechanics'or construction l�ens. 3.5 Insurance. Trustor shall insure �he Trust Property against loss or damage by fire and such �ther risks as Benef�ciary shall fram time to time require. Trus�ar shal� �arry public liabi�ity insurance, flood insurance as required by applicable law and such other insuranc� as Beneficiary may reasonab�y requ�re, including wi�h�ut Iimitation, terr�rism, business �nterrup�iar� insuran�e or �oss af rental valu� insuranc�. Trustor shal� maintain all required insurance at Trustor's expense, under policies issu�d by campanies and in form and substance sa�isfac�ory �o Beneficiary. Neither Beneficiary nor Trustee, by reason of accepting, rej ecting, approving or abtairllng �nsurance, shall in�ur any Iiab�lity for: (a)the -3-