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Page 3 of 6 201704531 Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and lawful authority to convey the same and warrants and will defend title to the real estate against the lawful claims of all persons. BORROWER AND LENDER AGREE AS FOLLOWS: 1. Borrower shall pay when due the principal and interest as provided in said Note. 2. All payments received by Lender shall be first applied to advances that may have been made by Lender, and then to interest due, and last to principal due. 3. Borrower shall pay all general real estate taxes and special assessments against the Property before the same become delinquent. 4. Borrower shall keep the improvements on said Property insured for their insurable value against loss by fire and hazards included with the term "extended coverage ", and policies for the same shall include a standard mortgage clause showing Lender herein. In event of loss, Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be applied to restoration or repair of the Property damaged, unless both parties agree otherwise, except if restoration or repair is not economically feasible or if Lender's security is not lessened; otherwise, said proceeds shall be paid on the Debt herein, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from insurance shall not extend or postpone the due date of the annual payments provided in said Note, or change the amount of the payments. 5. Borrower shall keep the Property in good condition and repair; shall promptly repair or replace any improvement that may be damaged or destroyed; shall not commit or permit any waste or deterioration of the real estate described hereinabove; shall not remove, demolish, or substantially alter any of the improvements on the Property; shall not commit, suffer, or permit any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and shall promptly discharge at Borrower's cost and expense all liens, encumbrances, and charges levied, imposed, or assessed against the described real estate or any part thereof. 6. Borrower shall keep the Property in compliance with all applicable laws, ordinances, and regulations relating to industrial hygiene or environmental protection (collectively referred to herein as "Environmental Laws "). Borrower shall keep the Property free from all substances deemed to be hazardous or toxic under any Environmental Laws (collectively referred to herein as "Hazardous Materials "). Borrower hereby warrants and represents to Lender that there are no Hazardous Materials on or under the Property. Borrower hereby agrees to indemnify and hold harmless Lender, and any successors to Lender's interest, from and against any and all claims, damages, losses, and liabilities arising in connection with the presence, use, disposal, or transport of any Hazardous Materials on, under, from, or about the Property. THE FOREGOING WARRANTIES AND REPRESENTATIONS, AND BORROWER'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE RECONVEYANCE OF THIS DEED OF TRUST.