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leases, contracts or agreements entered into for the lease, rental, hire or use by the Trustor of any equipment or service in connection with the operation, maintenance or occupation of the Land and Improvements (all of the foregoing are hereinafter collectively referred to as the "Contracts and Permits "); and (o) all products and proceeds of the property described above. The Land, Improvements, Additional Lands, Fixtures, Leases, Rents, Accounts, Equipment, Awards, Tax Certiorari, Proceedings, Contracts and Permits and all other real and personal property described in this paragraph are hereinafter collectively referred to as the "Property." This Deed of Trust is given to secure a certain Promissory Note of even date herewith, executed by Trustor and payable to the order of Beneficiary in the original principal amount of $200,000.00 (herein referred to as the "Promissory Note ") and interest thereon according to the terms of the Promissory Note, with any and all extensions, renewals, modifications, or substitutions thereof and any other amounts now or hereafter payable by Trustor to Beneficiary. The Note, Trustor's obligations thereunder, all such debts, liabilities, and obligations of Trustor hereunder and all other obligations or indebtedness now or hereafter payable by Trustee to Beneficiary are all collectively hereinafter referred to as the "Obligations ". TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS: 2. Payment of Obligations. Trustor shall promptly pay and perform the Obligations when due. 3. Warranty of Title. Trustor is lawfully seised and possessed of good and indefeasible title and estate to the Property hereby conveyed and has the right to grant and convey the Property; the Property is free and clear of all liens and encumbrances except easements, restrictions and covenants of record; and Trustor will warrant and defend the title to the Property against all claims and demands. 4. 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. No improvement now or hereafter erected upon the Property shall be altered, removed or demolished without the prior written consent of Beneficiary. Trustor shall comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the Property and not commit, suffer or permit any act to be done in or upon the Property in violation of any law, ordinance, regulation, covenant, condition or restriction. 5. Insurance. Trustor, at its expense, will maintain with insurers approved by Beneficiary, insurance with respect to the improvements and personal property constituting the Property against loss by fire, lightning, tornado, and other perils covered by a standard extended coverage endorsement, in an amount equal to at least 100% of the full replacement value thereof; and insurance against such other hazards and in such amount as is customarily carried by owners and operators of similar properties and as Beneficiary may reasonably require for its protection. Trustor will comply with such other reasonable requirements as Beneficiary may from time to 4830 - 2329 - 68392 4 201702895