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201900982
<br />2. All payments received by Lender shall be first applied to advances that may have
<br />been made by Lender, and then to interest due, and last to principal due.
<br />3. Trustor shall pay all general real estate taxes and special assessments against the
<br />Property before the same become delinquent.
<br />4. Trustor 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 Trustor. 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 />instrument of indebtedness, or change the amount of the payments.
<br />5. Trustor shall keep the Property in good condition and repair; shall promptly repair
<br />or replace any improvement which may be damaged or destroyed; shall not commit or permit
<br />any waste or deterioration of the real estate described hereinabove; shall not remove, demolish,
<br />or substantially alter any of the improvements on the Property; shall not commit, suffer, or
<br />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 Trustor's cost and expense all liens, encumbrances,
<br />and charges levied, imposed, or assessed against the described real estate or any part thereof.
<br />6. Trustor 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"). Trustor 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"). Trustor hereby warrants and
<br />represents to Lender that there are no Hazardous Materials on or under the Property. Trustor
<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 TRUSTOR'S OBLIGATIONS
<br />PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE RECONVEYANCE
<br />OF THIS DEED OF TRUST.
<br />7. Trustor shall not sell, transfer, assign, convey, or further encumber all or any part
<br />of or any interest in the Property, either voluntarily or involuntarily, without the express prior
<br />written consent of Lender, or as otherwise herein permitted; and in the event of any such sale,
<br />transfer, assignment, conveyance, or transfer in violation of this provision, Lender shall have the
<br />option to declare all sums secured hereby immediately due and payable.
<br />8. If Trustor or Borrower fails to perform the covenants and agreements contained
<br />herein, Lender may do and pay for whatever is necessary to protect the value of the property and
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