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200401962 2 payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and (c) the performance of the covenants and agreements of Borrower herein contained. Borrower covenants and agrees as follows: 1. Borrower Seized of Property. That Borrower is lawfully seized of the estate hereby conveyed and have the right to grant and convey the Property, that the Property is unencumbered, and that Borrower will warrant and defend generally the title to the Property against all claims and demands, subject to any covenants, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy insuring Lender's interest in the Property. 2. Payment. To pay the principal and interest thereof as provided in this Deed of Trust and the Note. 3. Taxes and Assessments. To pay on or before they become delinquent all taxes, special assessments and other charges against the Property. 4. Insurance. To keep the Property insured against damage by fire, hazards included within the term "extended coverage ", and such other hazards as Lender may require, in amounts and with companies acceptable to Lender, and with loss payable to the Lender. 5. Repair, Maintenance and Use. To promptly repair, restore or rebuild any improvements now or hereafter on the Property; to keep the Property in good condition and repair, without waste, and free from mechanic's or other liens not expressly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to diminish or impair the value of the Property by any act or omission to act; and to comply with all requirements of law with respect to the Property. 6. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Borrower is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property not taken, and shall apply such compensation, at Borrower's option, either to a reduction of the indebtedness secured hereby or to repair and restore the property so damaged; provided, however, that Borrower shall not be required to apply such funds against the indebtedness if the amount then owing is less than the remaining fair market value of the security. 7. Performance by Lender. That Lender may, but shall have no obligation, to do any act which the Borrower has agreed but fail to do, and Lender may also do any act they deem necessary to protect the lien hereof. Borrower agrees to repay, upon demand, any sums so expended by the Lender for the above purposes, and any sums so expended by the Lender shall be added to the indebtedness secured hereby and become subject to the lien hereof. Lender shall not incur any personal liability because of anything Lender may do or omit to do hereunder. 8. Notice. Any notice to Borrower provided for in this Deed of Trust or by applicable law shall be given by mailing by certified mail, return- receipt requested, addressed to Borrower at the address as set out on the first page hereof, or at such other address as the Borrower shall designate by notice to Lender in writing; any notice to Lender or Trustee shall be given by certified mail, return- receipt requested, to Lender's or Trustee's address,