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202202941 TRUSTOR COVENANTS AND AGREES WITH LENDER AS FOLLOWS: 1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when due. 2. Title. Trustor is the owner of the Property, has the right and authority to convey the Property, and warrants that the lien created hereby is a first and prior lien on the Property and that the execution and delivery of this Deed of Trust does not violate any contract or other obligation to which Trustor is subject. 3. Taxes, Assessments. Trustor shall pay, before delinquent, all taxes, special assessments, and all other charges against the Property now or hereafter levied. 4. Performance by Lender. Upon the occurrence of an Event of Default hereunder, or if any act is taken or legal proceeding commenced that materially affects Lender's interest in the Property, Lender may in its own discretion, but without obligation to do so and without notice to or demand upon Trustor and without releasing Trustor from any obligation, do any act that Trustor has agreed but failed to do and may also do any other act Lender deems necessary to protect the security hereof. Trustor shall, immediately upon demand therefor by Lender, pay to Lender all costs and expenses incurred and sums expended by Lender in connection with the exercise by Lender of the foregoing rights, together with interest thereon at the default rate provided in the Note, which shall be added to the indebtedness secured hereby. Lender shall not incur any liability because of anything it may do or omit to do hereunder. 5. Hazardous Materials. Trustor 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"). Trustor 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"). Trustor hereby warrants and represents to Lender that there are no Hazardous Materials on or under the Property. Trustor hereby agrees to indemnify and hold harmless Lender and its directors, officers, employees, and agents, and any successors to Lender's interest, from and against any and all claims, damages, losses, and liabilities arising in connection with the presence, use, disposal, or transport of any Hazardous Materials on, under, from, or about the Property. THE FOREGOING WARRANTIES AND REPRESENTATION, AND TRUSTOR'S OBLIGATIONS PURSUANT TO THE FOREGOING INDEMNITY, SHALL SURVIVE RECONVEYANCE OF THIS DEED OF TRUST. 6. Events of Default. The following shall constitute an Event of Default under this Deed of Trust: (a) Failure to pay any installment of principal or interest, or any other sum secured hereby, when due; (b) Failure of Trustor, within the time required by this Deed of Trust, to make any payment for taxes, or any other payment necessary to prevent filing of or to effect discharge of any lien; (c) A breach of or default under any provision contained in the Note, this Deed of Trust, any of the Loan Instruments, or any other lien or encumbrance upon the Property; Page 2 of 6