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200109054 1.07 Information True and Correct. All financial data and documentation delivered by or on behalf of Grantor to Grantee are true and correct in all material respects, and not misleading, and Grantor has not omitted or failed to provide anything the omission of which would cause any such data or documentation to be misleading. 1.08 Hazardous Waste. To the best of Grantor's knowledge, the Property is free from all Hazardous Waste, as defined hereinafter, except as disclosed in an environmental study prepared by Geotechnical Services, Inc. dated May 16, 2001, Project Number 015832. No condition exists in or on the Property that could give rise to any claim, charge or lien against the Property for the removal of such Hazardous Waste or damages attributable thereto or that is or may be a lien on the Property. SECTION 2. COVENANTS. Grantor hereby expressly covenants and agrees with Grantee that so long as any of the Obligations are outstanding and in effect and until this Deed of Trust shall be released by the Grantor, it shall: 2.01 Pavment of Principal and Interest. Duly pay the Obligations punctually as and when the same shall become due and payable according to the true intent and purport thereof. 2.02 Transfer of Title; Liens. Without the prior written consent of Grantee, and regardless of whether voluntary or involuntary, not transfer, convey, contract for deed or otherwise part with title to the Property, or create or permit or allow to exist or to be created any mortgage, deed of trust, pledge or other lien or encumbrance on any said Property, other than this Deed of Trust, the subordinate lien to LaSalle Bank National Association (the "Credit Enhancer ") and the subordinate lien to Pedcor Investments, A Limited Liability Company in the amount not to exceed $500,000.00, and Grantor will not suffer or permit any mechanic's or materialmen's lien or any other lien of any nature whatsoever to attach to any of said Property or to remain outstanding against the same or any part thereof but the foregoing shall not prevent Grantor from protesting any such lien provided that Grantor posts sufficient bond equivalent to the amount of said lien or provide title insurance coverage acceptable to the Credit Enhancer and diligently prosecutes such lien protest to completion. 2.03 Risks to be Insured. At its sole cost and expense, maintain insurance of the following character: (a) Hazard Insurance. (i) Insurance on the Premises and Improvements now existing or hereafter erected or placed on the Premises against loss by fire, and other hazards covered by the so- called "all - risk" form of policy in an amount equal to the full insurable value thereof (but in no event less than the unpaid Obligations secured hereby) without deduction for physical depreciation. While any of the Improvements are in the course of being constructed or rebuilt on the Premises, the Grantor shall provide the aforesaid hazard insurance in builder's risk completed value form, including coverage available on the so- called "all- risk" non - reporting form of policy for an amount equal to 100% of the insurable replacement value of such building or other improvement. (ii) If the Property includes or is to include steam boilers or other equipment for the generation or transmission of steam, insurance against loss or damage by explosion, rupture or bursting of steam boilers, pipes, turbines, engines and other pressure vessels and equipment, in an amount satisfactory to the Credit Enhancer. 4