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99'sas9s9 including the furnishing of a duly acknowledged written statement by Trustor within five (5) days after demand therefor of the amount due on the Note secured hereby and whether any offsets or defenses exist against the same. 14. Financial Covenants. Trustor covenants and represents that, as of the date hereof, total annualized income from the rental of the Trust Property is not less than $ °° 15. Schedule of Leases. Within ten (10) days after demand, Trustor shall furnish to Beneficiary a schedule, certified to by Trustor, setting forth all leases of the Trust Property, or any portion thereof, including in each case, the name of the tenants or occupants, a description of the space occupied by such tenant or occupant, the rental payable for such space, and such other information and documents with respect to such leases and tenancies as Beneficiary may reasonably request. 16. Covenants of Trustor with Respect to Leases. Without the prior written consent of Beneficiary, Trustor shall not, directly or indirectly, with respect to any lease of the Trust Property, or any portion thereof, whether such lease is now or hereafter in existence: (a) accept or permit any prepayment, discount or advance payment of rent hereunder in excess of three(3)months; or (b) amend or modify any lease so as to reduce therental payable thereunder; (c) waive any default thereunder or breach thereof; (d) give any consent, waiver or approval thereunder or take any other action in connection therewith, or with a lessee thereunder, which would have the effect of impairing the value of the lessor's interest thereunder or the property subject thereto, or of impairing the position or interest of Beneficiary therein; or (e) sell, assign, pledge, mortgage or otherwise dispose of, or encumber its interest in any lease or any rents, issues, profits issuing or arising thereunder(other than to Beneficiary). 17. Waiver of Statute of Limitations. Time is of the essence in all of Trustor's obligations and duties hereunder; and to the extent permitted by law, Trustor waives all present or future statutes of limitations with respect to any debt, demand or obligation secured hereby and any action or proceeding for the purpose of enforcing this Deed of Trust or any rights or remedies contained herein. 18. Assignment of Deposits. In the event construction of improvements in or upon the Trust Property is hereafter undertaken, Trustar hereby transfers and assigns to 7