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99 1093 � � Borrower is not in default : (i) first, in payment of the repair or restoration of the Property, if Borrower can demonstrate that the insurance proceeds together with any funds that the Borrower may contribute are sufficient to repair and restore the Property to its condition immediately prior to its casualty; (ii) second, to any indebtedness secured hereby and in such order as Lender may determine; (iii) third, for any other purpose or object satisfactory to Lender without affecting the lien of this Trust Deed for the full amount secured hereby before such payment ever took place. If a default has been declared, Lender has the option to apply said payment as it sees fit . Any application of proceeds to indebtedness shall not extend or postpone the due date of any payment under the Note, or cure any default thereunder or hereunder. B. Lender shall be provided with evidence that Borrower has obtained comprehensive general public liability insurance for an amount not less than $1, 000, 000 . 00 per occurrence, with an aggregate coverage of $2, 000, 000 . 00 . C. Borrower shall carry rent loss or business interruption insurance in such form and amounts and with such companies as are satisfactory to Beneficiary. Borrower shall also carry insurance against flood if required by the Federal Flood Disaster Protection Act of 1973 and regulations issued thereunder. All hazard, flood and rent loss or business interruption insurance policies shall provide that all proceeds shall be payable to Beneficiary under a standard noncontributory mortgagee clause in favor of and in form acceptable to Beneficiary, that the policies may not be canceled, modified, or not renewed except upon the giving of at least thirty (30) days ' prior written notice to Beneficiary, and shall also provide that any losses shall be payable notwithstanding (i) any act, failure to act or negligence contained in such policy by any named insured, (ii) the occupation or use of the Property for purposes more hazardous than permitted by the terms thereof, (iii) any foreclosure or other action or proceeding taken by Beneficiary or foreclosure pursuant to any provision of this Trust Deed, or (iv) any change in title or ownership of the Property and the policies shall otherwise be in such form and substance as shall be acceptable to Beneficiary. D. All of the above mentioned insurance policies or binder of such insurance satisfactory to Beneficiary, together with receipts for the payment of premiums thereon, shall be delivered to and held by Beneficiary, which delivery shall constitute assignment to Beneficiary of all return premiums to be held as additional security hereunder. All insurance policies shall name Lender as mortgagee. At no time shall the insured value be less than the total of all loans on the property up to the full replacement value of the property. All renewal and replacement policies shall have been delivered to Beneficiary at least thirty (30) days before the expiration of the expiring policies . Beneficiary shall not by the fact of approving, disapproving, accepting, preventing, obtaining or failing to obtain any insurance, incur any liability for or with respect to the amount of insurance carried, the form of legal sufficiency of insurance contracts, solvency of insurance companies, or payment or defense of lawsuits, and Borrower hereby expressly assumes full responsibility therefor and all liability, if any, with respect thereto. E. Said policies will provide that Lender will receive thirty (30) days notice from insurance company before cancellation. 5 . Escrow for Taxes. Premiums. Assessments . The undersigned agrees, upon request of the holder hereof, to pay in the manner set forth in the Trust Deed given to secure the Note, monthly advance payments estimated by the holder thereof to be sufficient to anticipate the payment of taxes, assessments, and insurance premiums as determined to be necessary by the holder of 3 �