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� 9 11 � � 91
<br /> 3. Borrower shall pay all general real estate taxes and special assessments against
<br /> the Property before the same become delinquent.
<br /> 4. Borrower shall keep the improvements on said Property insured against loss by
<br /> fire and hazards included with the term "extended coverage" far their insurable value and
<br /> policies for the same shall include a standard mortgage clause showing Lender herein. In
<br /> event of loss, Lender may make proof of loss if not promptly made by Borrower.
<br /> Insurance proceeds shall be applied to restoration or repair of the Property damaged,
<br /> unless both parties otherwise agree, except if restoration or repair is not economically
<br /> feasible or Lender's security is not lessened, otherwise said proceeds shall be paid on the
<br /> debt herein, whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing, any payments or pro-
<br /> ceeds from insurance shall not extend or postpone the due date of the monthly payments
<br /> provided in said instrument of indebtedness, or change the amount of the payments.
<br /> 5. Borrower shall keep the described Property in good condition and repair; shall
<br /> promptly repair, or replace, any improvement which may be damaged or destroyed; shall
<br /> not commit or permit any waste or deterioration of the real estate hereinabove described,
<br /> shall not remove, demolish or substantially alter any of the improvements on the
<br /> Property; shall not commit, suffer or permit any act to be done in or upon the Property in
<br /> violation of any law, ordinance or regulation; and shall promptly discharge at Borrower's
<br /> cost and expense all liens, encumbrances and charges levied, imposed or assessed against
<br /> the described real estate or any part thereof.
<br /> 6. Borrower shall keep the Property in compliance with all applicable laws,
<br /> ordinances and regulations relating to industrial hygiene or environmental protection
<br /> (collectively referred to herein as "Environmental Laws"). Borrower shall keep the
<br /> Property free from all substances deemed to be hazardous or toxic under any
<br /> Environmental Laws (collectively referred to herein as "Hazardous Materials").
<br /> Borrower hereby warrants and represents to Lender that there are no Hazardous Materials
<br /> on or under the Property. Borrower hereby agrees to indemnify and hold harmless
<br /> Lender, its directors, officers, employees and agents, and any successors to Lender's
<br /> interest, from and against any and all claims, damages, losses and liabilities arising in
<br /> connection with the presence, use disposal or transport of any Hazardous Materials on,
<br /> under, from or about the Property. THE FOREGOING WARRANTIES AND
<br /> REPRESENTATION, AND BORROWER'S OBLIGATIONS PURSUANT TO THE
<br /> FOREGOING INDEMNITY, SHALL SURVIVE RECONVEYANCE OF THIS DEED
<br /> OF TRUST.
<br /> 7. Borrower shall not sell, transfer, assign, convey or further encumber all or any
<br /> part of or any interest in the Property hereinabove described, either voluntarily or
<br /> involuntarily, without the express prior written consent of Lender or as otherwise herein
<br /> permitted, and in the event of any such sale, transfer, assignment, conveyance or transfer
<br /> in violation of this provision, Lender shall have the option to declare all sums secured
<br /> hereby immediately due and payable.
<br /> 8. If Borrower fails to perform the covenants and agreements herein contained,
<br /> Lender may do and pay for whatever is necessary to protect the value of the property and
<br /> Lender's rights in the Property, including the paying of any sum secured by a lien which
<br /> has priority over this Deed of Trust, appearing in Court, paying reasonable attorney fees
<br /> and entering the Property to make repairs. Any amount disbursed by Lender under this
<br /> paragraph shall become an additional debt of Borrower secured by this Deed of Trust, to
<br /> bear interest from the date of disbursement and said amount,together with the then
<br /> unpaid principal amount, shall bear interest at the highest lawful rate until refunded by
<br /> Borrower. •
<br /> 9. The proceeds of an condemnation award are hereby assigned and shall be paid
<br /> to Lender and shall be applied to the sums secured by this Deed of Trust, whether or not
<br /> then due, with any excess to be paid to Borrower.
<br /> 10. Any extensions or modifications of the loan granted by Lender to any succes-
<br /> sor in interest of Borrower shall not operate to release the liability of the original Bor-
<br /> rower or Borrower's successors in interest. Any forbearance by Lender in exercising any
<br /> right or remedy shall not be a waiver of or preclude the exercise of any right or remedy.
<br /> �
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