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200207593
<br />indefeasible title and estate to the Property hereby conveyed and has the right to grant
<br />and convey the Property; the lien created hereby, shall constitute a first lien upon the
<br />Property; the Property is free and clear of all other liens and encumbrances except
<br />liens now of record not rendering title unmarketable; and Trustor will warrant and
<br />defend the title to the Property against all claims and demands.
<br />3. Maintenance and Compliance With Laws. Trustor shall keep the Property in
<br />good repair and condition and shall not commit waste or permit impairment or
<br />deterioration of the Property and shall comply with the provisions of any lease if this
<br />Deed of Trust is on a leasehold. No improvement now or hereafter erected upon the
<br />Property shall be altered, removed or demolished without the prior written consent of
<br />Beneficiary. Trustor shall comply with all laws, ordinances, regulations, covenants,
<br />conditions and restrictions affecting the Property and not commit, suffer or permit any
<br />act to be done in or upon the Property in violation of any law, ordinance, regulation,
<br />covenant, condition or restriction. Trustor shall complete or restore promptly and in
<br />good workmanlike manner any improvement on the Property which may be damaged or
<br />destroyed and pay, when due, all claims for labor performed and materials furnished
<br />therefore and for any alterations thereof.
<br />4. Insurance. Trustor, at its expense, will maintain with insurors approved by
<br />Beneficiary, insurance with respect to the Improvements and personal property,
<br />constituting the Property, against loss by fire, lightening, tornado, and other perils and
<br />hazards covered by standard extended coverage endorsement, in an amount equal to
<br />at least one hundred percent of the full replacement value thereof and insurance
<br />against such other hazards and in the amounts of 175,000.00. Trustor will comply with
<br />such other requirements as Beneficiary may from time to time request for the protection
<br />by insurance of the interests of the respective parties. All insurance policies
<br />maintained pursuant to this Deed of Trust shall name Trustor and Beneficiary as
<br />insureds, as their respective interests may appear, and provided that there shall be no
<br />cancellation or modification with less than 15 days prior written notification to Trustee
<br />and Beneficiary. In the event any policy hereunder is not renewed on or before 15
<br />days prior to its expiration date, Trustee or Beneficiary may procure such insurance in
<br />accordance with the provisions of Paragraph A.6 hereof, Trustor shall deliver to
<br />Beneficiary the original policies of insurance and renewals thereof or memo copies of
<br />such policies and renewals thereof. Trustor shall promptly furnish to beneficiary
<br />receipts evidencing such payment. Failure to furnish such insurance by Trustor, or
<br />renewals as required hereunder shall, at the option of Beneficiary, constitute a default.
<br />5. Taxes. Assessments and Charges. Trustor shall pay all taxes, assessments
<br />and other charges, including, without limitation, fines and impositions attributable to the
<br />Property, and leasehold payments or ground rents, if any, before the same become
<br />delinquent. Trustor shall promptly furnish to Beneficiary all notices of amounts due
<br />under this paragraph, and in the event Trustor shall make payment directly, Trustor
<br />shall promptly furnish to Beneficiary receipts evidencing such payments. Trustor shall
<br />pay all taxes and assessments which may be levied upon Beneficiary's interest herein
<br />or upon this Deed of Trust without regard to any law that may be enacted imposing
<br />payment of the whole or any part thereof upon the Beneficiary.
<br />6. Additional Liens and Protection of Beneficiary's Security. Trustor herein
<br />states and avers that he has made no other deeds of trusts, assigned his interest in this
<br />property to any other person or entity or otherwise encumbered the property identified
<br />above. If Trustor fails to perform any of the covenants and agreements contained in
<br />this Deed of Trust, or if any action or proceeding is commenced which materially affects
<br />Beneficiary's interest in the Property, including, but not limited to, eminent domain
<br />proceedings, or proceedings involving a decedent, or if Trustor fails to pay Trustor's
<br />debts generally as they become due, then Beneficiary, at Beneficiary's option and
<br />without notice to or demand upon Trustor and without releasing Trustor from any
<br />obligation hereunder, may make such appearances, disburse such sums and take such
<br />action as is necessary to protect Beneficiary's interest, lien, and entry upon the
<br />Property to make repairs. In the event that Trustor shall fail to procure insurance or to
<br />pay taxes, assessments, or any other charges or to make any payments to any existing
<br />prior lien holders or beneficiaries, Beneficiary may procure such insurance and make
<br />such payment. Any amounts disbursed by Beneficiary pursuant to this Paragraph A.6
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