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201807422
<br />3. Borrower shall pay all general real estate taxes and special assessments against
<br />the Property before the same become delinquent.
<br />4. Borrower shall keep the improvements on said Property insured for their insurable
<br />value against loss by fire and hazards included with the term "extended coverage", and policies
<br />for the same shall include a standard mortgage clause showing Lender herein. In event of loss,
<br />Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be
<br />applied to restoration or repair of the Property damaged, unless both parties agree otherwise,
<br />except if restoration or repair is not economically feasible, or if Lender's security is not lessened;
<br />otherwise, said proceeds shall be paid on the Debt herein, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from
<br />insurance shall not extend or postpone the due date of the monthly payments provided in said
<br />Note, or change the amount of the payments.
<br />5. If required by Lender, Borrower shall pay to Lender or its designee, in such
<br />manner as Lender may designate, sufficient sums to enable Lender to pay as they become due in
<br />respect to all taxes, assessments, and other charges against the Property. Further, upon written
<br />demand by Lender, Borrower shall pay to Lender, in such manner as Lender may designate,
<br />sufficient sums to enable Lender to pay as they become due, one or more of the following: (i)
<br />the premiums on the property insurance required hereunder, (ii) the premiums on any mortgage
<br />insurance required by Lender, and (iii) the premiums for flood insurance as may be required.
<br />6. Borrower shall keep the Property in good condition and repair; shall promptly
<br />repair or replace any improvement which may be damaged or destroyed; shall not commit or
<br />permit any waste or deterioration of the real estate described hereinabove; shall not remove,
<br />demolish, or substantially alter any of the improvements on the Property; shall not commit,
<br />suffer, or permit any act to be done in or upon the Property in violation of any law, ordinance, or
<br />regulation; and shall promptly discharge at Borrower's cost and expense all liens, encumbrances,
<br />and charges levied, imposed, or assessed against the described real estate or any part thereof.
<br />7. Borrower shall keep the Property in compliance with all applicable laws,
<br />ordinances, and regulations relating to industrial hygiene or environmental protection
<br />(collectively referred to herein as "Environmental Laws"). Borrower shall keep the Property free
<br />from all substances deemed to be hazardous or toxic under any Environmental Laws
<br />(collectively referred to herein as "Hazardous Materials"). Borrower hereby warrants and
<br />represents to Lender that there are no Hazardous Materials on or under the Property. Borrower
<br />hereby agrees to indemnify and hold harmless Lender and its directors, officers, employees, and
<br />agents, and any successors to Lender's interest, from and against any and all claims, damages,
<br />losses, and liabilities arising in connection with the presence, use, disposal, or transport of any
<br />Hazardous Materials on, under, from, or about the Property. THE FOREGOING
<br />WARRANTIES AND REPRESENTATIONS, AND BORROWER'S OBLIGATIONS
<br />PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE RECONVEYANCE
<br />OF THIS DEED OF TRUST.
<br />8. Borrower shall not sell, transfer, assign, convey, or further encumber all or any
<br />part of or any interest in the Property, either voluntarily or involuntarily, without the express
<br />prior written consent of Lender, or as otherwise herein permitted; and in the event of any such
<br />sale, transfer, assignment, conveyance, or transfer in violation of this provision, Lender shall
<br />have the option to declare all sums secured hereby immediately due and payable.
<br />9. If Borrower fails to perform the covenants and agreements contained herein,
<br />Lender may do and pay for whatever is necessary to protect the value of the property and
<br />Lender's rights in the Property, including the paying of any sum secured by a lien which has
<br />priority over this Deed of Trust, appearing in Court, paying reasonable attorney fees, and
<br />entering the Property to make repairs. Any amount disbursed by Lender under this paragraph
<br />shall become an additional debt of Borrower secured by this Deed of Trust, to bear interest from
<br />the date of disbursement, and said amount, together with the then -unpaid principal amount, shall
<br />bear interest at the highest lawful rate until refunded by Borrower.
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