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TO PROTECT THE SECURITY OF THIS TRUST DEED, TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS' 1. PAVURNT OF PRINCIPAL AND INTIN111T. Trustor shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Note, and all other charges andfess as provided in the Note, and the principal Oland interest on any Future Advances secured by this Trust Deed. 2. WARRANTY OF TITLE. Trustor is lawfully seized and possessed of good and indefeasible title and estate to the Property hereby conveyed and has the right to grant and convey The Properly. the Properly is Iree and clear of all liens and encumbrances except 11111111 now Of record; and Trustor will warrant and defend the title to the Properly against all claims and demands. a. MAINTENANCE AND COMPLIANCE WITH LAWS. Trustor shall keep the Properly in good repair and condition and shall not commit waste or permit impairment or deterlorallon of the Properly and shall comply with the provisions of any lease it this Trust Deed Is on a leasehold. No Improvement now or hereafter erected upon the Property shall be altered, removed or demolished wrthoutthe prior written consent of Benehclafy. Trustor shall comply withall laws, ordinances, regulations, covenants, conditions and restrictions atfecbngths Property and notcommit. suffer or permit any act to be done in or upon the Properly In violation of any law. ordinance. regulation, covenant. condition or restriction. Trustor shall complete or restore promptly and in good our kmanlikc manner any imprdvwmnnt on the Property which may be damaged or destroyed and pay. when due. all claims for tabor performed and materials furnished therefor and for any alterations thereof 4. INSURANCE. Trustor, at its expense. wltt maintain with insurors approved by Beneficiary. insuraance with of05Wtto the improvements and personal property. constituting the Property. against loss by fire, lightning, tornado. and other perils aGry nazards covered by standard extended coverage indorsement, in an amount equal to at least one hundred percent (t 00%) of the full replacemort value thereof and insurance against such other hazards and in such amounts as is customarily carried by owners and operators of simitar prox'ertles or as Ideneficiary may require for its protection. Truslor will Comply with such other requirements as 8enefrcfary may from time to lime requrs'tvr the protection by insurance of the interests of the respective parties. All insurance policies maintained pursuant to this Trust Deed shall nar. Trustor and Beneficiary as insured, as their respective interests may appear, and provide lhatlhere be no cancellation or modification without at least 15 days prior written notification to Trustee and Beneficiary may procure such insurance in accordance with the provisions of paragraph 6 hereof Trustor shell deliver to Beneficiary the original policies of insurance and If enewals thereof . rena *o copies of such policies and renewals thereof Failureta for msh such insurance by Trustor, or renewals as required hereunder shall, at the r; f•on of Beneficiary, constitute a default 5. TAXES, ASSESSMENTS AND CHARGES. Truslor shall pay all taxes, assessments and other charges, including, without limitation, fines and impositions attributable to the Property and leasehold payments or ground rents. if any, before vie same become delinquent Trustor shall promptlyfurnish to beneficiary all notices of amounts due under this paragraph, and in the event Trusty T shall make payment directly. Trustor shall promptly furnish to Beneficiary receipts evidencing such payments. Trustor shall pay a" taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Trust Deed without regard to any law that may e,p enacted imposing payment of the whole or any part thereof upon the Beneficiary. 6. ADDITIONAL LIENS AND PROTECTION OF BENEFICIARY'S SECURITY. Trustor snall rna.B a, payments of interest and principal and payments of any other charges. fees and expenses contracted to be paid to any existing or subsor,uen:lienholder or beneficiary, under any existing or subsequent mortgage or trust deed before the date they are aelingent or in default, and promptly pay and discharge any and all other liens. claims or charges which may jeopardize the secu•flu granted herQ,n itTrustc^ta- siomakeanysuchpayme ^ /orfailstoperformanyofthe covenants and agreements contained in this Trust Dotm. of ine Note t ate i-e0 to herefr. or in any prior or subsequerr.1fust deed. or if any action or proceeding is commenced which materially affects Bane" - fvy -s interest in the Property. including. but not limited to eminent domain proceed- ings. proceedings Involving a decedent, notice of sale by Trustee. r.: lice of default by Trustee. mortgage foreclosure action, or if Trustor fails :o pay Truslor's debts generally as they become due. then 13eneticiar7, a': Beneficiary s option and wl:f'o .: notice toot demand upon Truslor and without releasing Trustor from any obligation hereunder, may make such appearances. disburse such s.ims and take such action as is necessary to protect Beneficiary's interest, including, but not limited to. disbursement of reasonable attorney's fees, payment, purchase, contest or compromise of any encumbrance, charge or lien. entry upon the Property to make repairs, or declaration of default under this Trust Deed. In the event that Trustor shall fail to procure insurance or to pay taxes. assessments. or any other charges or to make any payments to any existing or subsequent henholders or existing or subsequent beneficiaries. Beneficiary may procure such insurance and make such payment. but shall not be obllgalo to do so. Any amounts disbursed by Beneficiary pursuant to this Paragraph 6 shall become additional indebtedness of Trustor secured by this Trust Deed. Such amounts shall be payable upon notice from Beneficiary to Truslor requesting payment thereof. and shall beat interest from the date of d13bUrsoment at the rate payao. __• from time to time on outstanding principal under the Note unless payment of interest at such rate would be conraty to applicable law. in whir event such amounts shall bear interest at the highest rate permissible under applicable law. Nothing contained in this Paragraph 6 shall reguefl Beneficiary to incur any expense or take any action her et river 7. ASSIGNMENT OF RENTS. Benef -nary shall have the right, power and authority during the continuance of this Trust Deed to Collect the rents. issues and profits of the Properly and of any personal property located thereon with or witht k'"3king possession of the property affected hereby, and Trustorhereby absolutely and unconditionally assigns all such rents. issues and profits to Beneficiary. Beneficiary, however, hereby consentatothe Trustor's collection and retention of such rents, issues and profits as they accrue and oecome payable so long as Trustor is not. at such time, in default wilt' inspect to payment of any indebtedness secured hereby. or in the performance of any agreement hereunder. Upon any such default. Beneficlwy may at any time. either in person, by agent or by a receiver to be appointed by a court. without notice and without regarc to the adequacy of any secunly for the indebtedness hereby secures i a' enter upon and take poSSe35lbn of the Properly or any part 1'"nn.eof, and In its own flame sue for or otherwise collect such rents. issues and pro`.ts. • ncluding those past due anv unpaid. and apply the same. Tess costs and expenses of operafio^ and collection. including reasonable allprrey 3 fees. upon any indebtedness secured hereby. and in such order as Beneficiary may deto•'r: ire III) perform such acts o• repa.ror protection as maybe r.; •r essary or pro ;er to conserve the value of the Property: (c' lease the same or any pa "': "ereof for such rental. let- .l upon such Condition-s As IS judgment may dictate. or terminateor adjust the terms ago conditions of existing leases Unless Trustor and Bere'. r.ary thereof agree olnerw.sP in wul.r.g. any application of rents, issues or profits to any indebfea,,ess secured hereby shall not extend or postpone the c1•;e pate of the irn'a'imer1 Ca', -ents as provided in said prom•SSory note or change I— f? amount of such installments The entering upon andlakirg -, ssess -ofl cl V a P•c:e'% I'ie c_nlleclion at such rents. -W, DS. and profits. and life application thereof as aforesa•d shall not waive or cure any default or notice o,, aeiauit ve,ourder or invalidate any act d. nt• crrsuarl to suchnotree Trustor also assignsloBenehuary ast „•1 ^er security lot the pertprmanct pit^ eon• ga1r ,nssecured hereby. all prepa,•a ems and a. monies which may have been or may hereaf ter becieves ded with said Truster brH it' s9Peo' lleP, voerty. to secure the paymenf.V' Foy •etlt•cf damages, or upon default m the performance of any 0 the provision% hater' T - stn' aC'tres Y ttP ter such rents and deposrls 1: Sere ".• cfa y Delivery of written notice of Beneficiary 9ererr -se of the rfghlSgrantedrere,p t:l i^ i.' e' arttC:..:• ritg said premises shall besuN -cien'is"•aQuise said tenant to pay rent to the Benef•c,ary until furiner notice ....,..,,n print' nrni•anganne by right tit eminent domain or similar 8 CONOEMNAitOe. it tine ill any N,;,: � :: ;� ^ :.-.:.� : :� ;na:: aC t�rc.^ ^ == -- -•' - - - . . action. or shall be said under threat of condemnation a-- awards. damages an•1 p,oreeds are hereby assigned and shall be paid to Beneficiary who Shen apply such awards damages anti prOr ° °ds to the sum secured by tn,s trust Deed. with the excess if any paid to Trustor If Trustor receives any notice or other intormanon regarding such actions or proceedings- T rustor shall give prompt written notice thereof to Beneficiary Beneficiary shall be entitled at tr3 option to commence appear in and prosecute m ,ts cwn name any such action or proceedings and shall bo entitled to make any compromise or %f4rtfempnl in connection with any such action or proceedings 9 FUTURE ADVANCES. Upon request o1 Tfustor. Beneficiary of Beopliciary s option voter f0 reconvevance of the Property to Trustor. may make future advances toTrustor Such futurP advances. witn interest thereon shall be Sectored bv this trust Deed when evidenced by promissory notes slating that said notes are secured hereby provided that at nn time shall the <erured principal and future advances not •ncfud,ng sums advanced to protect the secunly. exceed two hundreC patCent 1200 %1 of the origfnai pnncipai . imounts ,w•uted hereby i 1 lit 'yc t r R't9a{5r,,• ' ••'off• - f ,fit?•' :;i� C, ti