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201901347 <br />insurance coverage in force (and a copy of each policy, if requested) shall be given to <br />Beneficiary. Beneficiary may require insurance to be paid one year in advance if Trustor shall <br />ever fail to maintain the requested insurance coverage or to keep such coverage paid three (3) <br />months in advance. <br />5. Escrow. At Beneficiary's option and upon thirty (30) days prior written notice to <br />Trustor, Trustor shall pay to Beneficiary, in such amounts and monthly payments as Beneficiary <br />may designate, sufficient sums to enable Beneficiary to pay as they become due one or more of <br />the following: (i) all taxes, assessments and other charges against the Property, and (ii) the <br />premiums on the property insurance required hereunder. If Beneficiary elects to require the <br />payments contemplated in this paragraph 5, Beneficiary shall deposit said sums into an interest- <br />bearing escrow account. <br />6. Maintenance, Repairs and Compliance with Laws. Trustor shall keep the <br />Property in good condition and repair; shall promptly repair, or replace any improvement which <br />may be damaged or destroyed; shall not commit or permit any waste or deterioration of the <br />Property; shall not commit, suffer or permit any act to be done in or upon the Property in <br />violation of any law, ordinance, or regulation (including after the date of this Deed of Trust, the <br />Americans With Disabilities Act); and shall pay and promptly discharge at Trustor's cost and <br />expense all liens, encumbrances and charges levied, imposed or assessed against the Property or <br />any part thereof, or any costs, charges, or expenses of compliance with any law, ordinance or <br />regulation concerning the Property (including Americans With Disabilities Act regardless of <br />whether any violation occurred before or after the date of this Deed of Trust). <br />7. Eminent Domain. Beneficiary is hereby assigned all compensation, awards, <br />damages and other payments or relief (the "Proceeds") in connection with condemnation or other <br />taking of the Property or part thereof, or for conveyance in lieu of condemnation. Beneficiary <br />shall be entitled at Beneficiary's option to commence, appear in and prosecute in Beneficiary's <br />own name any action or proceedings, and shall also be entitled to make any compromise or <br />settlement in connection with such taking or damage. In the event any portion of the Property is <br />so taken or damaged, Beneficiary shall have the option, in Beneficiary's sole and absolute <br />discretion, to apply all such Proceeds, after deducting therefrom all costs and expenses incurred <br />by Beneficiary in connection with such Proceeds, upon any indebtedness secured hereby and in <br />such order as Beneficiary may determine, or to apply all such Proceeds, after such deductions, to <br />the restoration of the Property upon such conditions as Beneficiary may determine. Any <br />application of Proceeds to indebtedness shall not extend or postpone the due date of any <br />payments under the Note, or cure any default thereunder or hereunder. Any unapplied funds <br />shall be paid to Trustor. <br />8. Performance by Beneficiary. Upon the occurrence of an Event of Default <br />hereunder, or if any act is taken or legal proceeding commenced which materially affects <br />Beneficiary's interest in the Property, Beneficiary may in Beneficiary's own discretion, but <br />without obligation to do so, and without notice to or demand upon Trustor and without releasing <br />Trustor from any obligation, do any act which Trustor has agreed but fails to do and may also do <br />any other act Beneficiary deems necessary to protect the security hereof. Trustor shall, <br />immediately upon demand therefor by Beneficiary, pay to Beneficiary all costs and expenses <br />Page 4 of 10 <br />