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20211079c Borrower covenants that Borrower is lawfully seised of such real estate and has the legal power and lawful authority to convey the same, and warrants and will defend title to the real estate against the lawful claims of all persons. BORROWER AND LENDER AGREE AS FOLLOWS: 1. Borrower shall pay when due the principal and interest as provided in said Note. 2. All payments received by Lender shall be first applied to advances that may have been made by Lender, and then to principal due. 3. Borrower shall pay all general real estate taxes and special assessments against the Property before the same become delinquent. 4. Borrower shall keep the improvements on said Property insured for their insurable value against loss by fire and hazards included with the term "extended coverage", and policies for the same shall include a standard mortgage clause showing Lender herein. In event of loss, Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be applied to restoration or repair of the Property damaged, unless both parties otherwise agree, except if restoration or repair is not economically feasible, or if Lender's security is not lessened; otherwise, said proceeds shall be paid on the Debt herein, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any payments or proceeds from insurance shall not extend or postpone the due date of the monthly payments provided in said Note, or change the amount of the payments. 5. Upon written demand by Lender, Borrower shall pay to Lender, in such manner as Lender may designate, sufficient sums to enable Lender to pay as they become due one or more of the following: (i) all taxes, assessments, and other charges against the Property; (ii) the premiums on the property insurance required hereunder, and (iii) the premiums on any mortgage insurance required by Lender. 6. Borrower shall keep the described Property in good condition and repair; shall promptly repair or replace any improvement which may be damaged or destroyed; shall be permitted to repair or replace any improvement(s) situated on the Property and shall be permitted to construct additional improvement(s) on the Property in Borrower's discretion; shall not commit or permit any waste or deterioration of the real estate hereinabove described;; shall not commit, suffer, or permit any act to be done in or upon the Property in violation of any law, ordinance, or regulation; and shall promptly discharge at Borrower's cost and expense all liens, encumbrances, and charges levied, imposed, or assessed against the described real estate or any part thereof. 7. Borrower shall keep the Property in compliance with all applicable laws, ordinances, and regulations relating to industrial hygiene or environmental protection (collectively referred to herein as "Environmental Laws"). Borrower shall keep the Property free from all substances deemed to be hazardous or toxic under any Environmental Laws (collectively referred to herein as "Hazardous Materials"). Borrower hereby warrants and represents to Lender that there are no Hazardous Materials on or under the Property. THE BORROWER'S FOREGOING WARRANTIES AND REPRESENTATION, SHALL SURVIVE RECONVEYANCE OF THIS DEED OF TRUST. 8. Borrower shall not sell, transfer, assign, convey, or further encumber all or any part of or any interest in the Property hereinabove described, either voluntarily or involuntarily, without the express prior written consent of Lender, or as otherwise herein permitted; and in the event of any such sale, transfer, assignment, conveyance, or transfer in violation of this provision, Lender shall have the option to declare all sums secured hereby immediately due and payable. 9. If Borrower fails to perform the covenants and agreements herein contained, Lender may do and pay for whatever is necessary to protect the value of the property and Lender's rights in the Property, including the paying of any sum secured by a lien which has priority over this Deed of Trust, appearing in Court, paying reasonable attorney fees, and entering the Property to make repairs. Any amount disbursed by Lender under this paragraph 2