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201704003
<br /> Trustor represents and warrants that Trustor has full power and lawful authority to
<br /> grant, assign, transfer and mortgage its interest in the Property in the manner and form
<br /> hereby done or intended. Trustor will preserve its interest in and title to the Property
<br /> and will forever warrant and defend the same to Trustee and will forever warrant and
<br /> defend the validity and priority of the lien hereof against the claims of all persons and
<br /> parties whomsoever. Trustor shall promptly and completely observe, perform, and
<br /> discharge as and when due each and every obligation, covenant and agreement affecting
<br /> the Property whether the same is prior and superior or subject and subordinate hereto.
<br /> 1.03 Further Assurances. Trustor shall, at its own cost and without expense
<br /> to Trustee or Beneficiary, promptly execute, acknowledge and deliver, or cause to be
<br /> executed, acknowledged and delivered, any and all such further conveyances,
<br /> confirmations, instruments or further assurances and consents as Beneficiary may
<br /> deem reasonably necessary or proper in order to effectuate, perfect, evidence or protect
<br /> the liens, covenants and agreements created by or contained in this Deed of Trust and
<br /> shall cause to be timely and properly filed, registered or recorded any existing
<br /> documents or instruments of further assurance necessary to fully protect the lien of this
<br /> Deed of Trust.
<br /> 1.04 Taxes, Assessments, and Charges.
<br /> (a) Trustor will pay prior to delinquency all real estate taxes, personal
<br /> property taxes, special assessments, assessments, charges, fines and impositions
<br /> imposed upon, assessed against or otherwise relating to the Property or any part
<br /> thereof, and any leasehold payments or ground rents, if any, except no such tax,
<br /> assessment, charge, fine or imposition need be paid which is being contested in
<br /> good faith and by appropriate legal proceedings and as to which adequate
<br /> reserves shall have been established, and as to which no foreclosure, distraint,
<br /> sale or similar proceedings have commenced. Trustor will, upon the request of
<br /> Beneficiary, deliver to Beneficiary receipts evidencing such payments.
<br /> (b) Trustor will pay when due all lawful claims and demands of mechanics,
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<br /> materialmen, laborers, and others which might result in the creation of a lien on
<br /> the Property unless contested in good faith and by appropriate legal proceedings,
<br /> and as to which adequate reserves shall have been established
<br /> 1.05 Conversion of Security. All right, title and interest of Trustor in and to
<br /> all extensions, improvements, betterments, renewals, substitutions and replacements
<br /> of, and all additions and appurtenances to the Property, hereafter acquired by, or
<br /> released to, Trustor or constructed, assembled or placed by Trustor on the Property,
<br /> and all conversions of the security constituted thereby, immediately upon such
<br /> acquisition, release, construction, assembling, placement or conversion, as the case
<br /> may be, and in each such case, without any further deed of trust, conveyance,
<br /> assignment or other act by Trustor, shall become subject to the lien of this Deed of Trust
<br /> as fully and completely, and with the same effect, as though now owned by Trustor and
<br /> specifically described in the granting clause hereof, but at any and all times Trustor will
<br /> execute and deliver to Trustee any and all such further assurances, deeds of trust,
<br /> conveyances or assignments thereof as Trustee or Beneficiary may reasonably require
<br /> for the purpose of expressly and specifically subjecting the same to the lien of this Deed
<br /> of Trust.
<br /> 1.06 Security Agreement. Th i s Deed of Trust shall be self-operative and
<br /> constitute a Security Agreement under the Uniform Commercial Code of the Governing
<br /> Jurisdiction, as amended from time to time,with respect to the Fixtures or any personal
<br /> property situated on or associated with the Property; provided, however, Trustor hereby
<br /> agrees to execute and deliver on demand and hereby irrevocably constitutes and
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