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99 110937
<br /> 2. WARRANTY OF TITLE. Trustor is lawfully seised and possessed of good and indefeasible title and estate to the
<br /> Property hereby conveyed and has the right to grant and convey the Property; the Property is free and clear of all liens and
<br /> encumbrances except liens now of record; and Trustor will warrant and defend the title to the Property against all claims and
<br /> demands.
<br /> 3. MAINTENANCE AND COMPLIANCE WITH LAWS. Trustor shall keep the Property in good repair and
<br /> condition and shall not commit waste or permit impairment or deterioration of the Property and shall comply with the provisions
<br /> of any lease if this Deed of Trust is on a leasehold. No improvement now or hereafter erected upon the Property shall be
<br /> altered,removed or demolished without the prior written consent of Beneficiary. Trustor shall comply with all laws, ordinances,
<br /> regulations, covenants, conditions and restrictions affecting the Property and not commit, suffer or permit any act to be done
<br /> in or upon the Property in violation of any law,ordinance, regulation, covenant, condition or restriction. Trustor shall complete
<br /> or restore promptly and in good workmanlike manner any improvement on the Property which may be damaged or destroyed
<br /> and pay, when due, all claims for labor performed and materials furnished therefore and for any alterations thereof.
<br /> 4. INSURANCE. Trustor, at its expense, will maintain with insurers approved by Beneficiary, insurance with respect
<br /> to the Improvements and personal property, constituting the Property, against loss by fire, lightning, tornado, and other perils
<br /> and hazards covered by standard extended coverage endorsement, in an amount equal to at least one hundred percent of the
<br /> full replacement value thereof and insurance against such other hazards and in such amounts as is customarily carried by owners
<br /> and operators of similar properties or as Beneficiary may require for its protection. Trustor will comply with such other
<br /> requirements as Beneficiary may from time to time request for the protection by insurance of the interests of the respective
<br /> parties. All insurance policies maintained pursuant to this Deed of Trust shall name Trustor and Beneficiary as insureds, as
<br /> their respective interest may appear, and provide that there shall be no cancellation or modification without no less than 15 days
<br /> prior written notification to Trustee and Beneficiary. In the event any policy hereunder is not renewed on or before 15 days
<br /> prior to its expiration date, trustee or Beneficiary may procure such insurance in accordance with the provisions of paragraph
<br /> A.6 hereof. Trustor shall deliver to Beneficiary the original policies of insurance and renewals thereof or memo copies of such
<br /> policies and renewals thereof. Failure to furnish such insurance by Trustor, or renewals as required hereunder shall, at the
<br /> option of Beneficiary, constitute a default.
<br /> 5. TAXES,ASSESSMENTS AND CHARGES. Trustor shall pay all taYes, assessments and other charges, including,
<br /> without limitation, 6nes and impositions attributable to the Property, and leasehold payments ar ground rents, if any, before
<br /> the same become delinquent. Trustor shall promptly furnish to Beneficiary all notices of amounts due under this paragraph,
<br /> and in the event Trustor shall make payment directly, Trustor shall promptly furnish to Beneficiary receipts evidencing such
<br /> payments. Trustor shall pay all taxes and assessments which may be levied upon Beneficiary's interest herein or upon this Deed
<br /> of Trust without regard to any law that may be enacted imposing peyment of the whole or any part thereof upon the Beneficiary.
<br /> 6. ADDITIONAL LIENS AND PROTECTION OF BENEFICIARY'S SECURITY. Trustor shall make all payments
<br /> of interest and principal and payments of any other charges, fees and expenses contracted to be paid to any existing lien holders
<br /> or prior beneficiaries under any prior deed of trust or mortgage before the date they are delinquent and promptly pay and
<br /> discharge any and all other liens, claims or charges which may jeopardize the security granted herein. If Trustor fails to make
<br /> any such payment or fails to perform any of the covenants and agreements contained in this Deed of Trust, or in any prior
<br /> mortgage or deed of trust, or if any action or proceeding is commenced which materially affects Beneficiary's interest in the
<br /> Property, including, but not limited to, eminent domain proceedings, or proceedings involving a decedent, or if Trustor fails to
<br /> pay Trustor's debts generally as they become due, then Beneficiary, at Beneficiary's option and without notice to or demand
<br /> upon Trustor and without releasing Trustor from any obligation hereunder, may make such appearances, disburse such sums
<br /> and take such action es is necessary to protect Beneficiary's interest, including, but not limited to, disbursement of reasonable
<br /> attorney's fees, payment, purchase, contest or compromise of any encumbrance, charge or lien, and entry upon the Property to
<br /> make repairs. In the event that Trustor shall fail to procure insurance or to pay taYes, assessments, or any other charges or to
<br /> make any payments to any existing prior lien holders or beneficiaries, Beneficiary may procure such insurance and make such
<br /> payment. Any amounts disbursed by Beneficiary pursuant to this Paragraph A.6 shall become additional indebtedness of Trustor
<br /> secured by this Deed of Trust. Such amounts shall be payable upon notice from Beneficiary to Trustor requesting payment
<br /> thereof and shall bear interest &om the date of disbursement at the rate payable from time to time on outstanding principal
<br /> under the Note unless payment of interest at such rate would be contrary to applicable law, in which event such amounts shell
<br /> bear interest at the highest rate permissible under applicable law. Nothing contained in this Paragraph A.6 shall require
<br /> Beneficiary to incur any expense or take any action hereunder.
<br /> B. IT IS MUTUALLY AGREED THAT:
<br /> 1. ASSIGNMENT OF RENTS. Beneficiary shall have the right power and authority during the continuance of this
<br /> Deed of Trust to collect the rents, issues and profits of the Property and of any personal property located thereon with or
<br /> without taking possession of the property affected hereby, and Trustor hereby absolutely and unconditionally assigns all such
<br /> rents, issues and profits to Beneficiary. Beneficiary, however, hereby consents to the Trustor's collection and retention of such
<br /> rents, issues and profits as they accrue and become payable so long as Trustor is not, at such time, in default with respect to
<br /> FDNE200284
<br /> NE DEED OF TRUST Page 2 of 6 FD516NE2 03/98
<br /> 662516 (Rev.08-16-96)
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