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200210067 services or the furnishing of any materials or other property in such fashion as would permit the making of any claim against Beneficiary or Trustee in respect thereof. (g) Subrogation. Beneficiary and Trastee shall be subrogated to all right, title, equity, Liens and claims of all persons to whom Beneficiary or Trustee has paid or pays money in settlement of claims, Liens, encumbrances or charges or in the acquisition of any right or title for Beneficiary's benefit under this Deed of Trust or for the benefit and account of Grantor. (h) Flood Insurance. In the event that Beneficiary determines that the rules or regulations of the Federal Reserve Board, the Comptroller of the Currency or any other governing agency licensing or regulating the operations of Beneficiary or any Secured Party require that flood insurance coverage be obtained for the Premises or any part thereof in order for Beneficiary or any Secured Party to comply with such rules or regulations or with the Flood Disaster Protection Act of 1973 as then in effect, then Grantor, upon receiving written notice from Beneficiary of such determination: (x) shall promptly purchase and pay the premiums for such flood insurance policies as required by such agency or agencies and so that Beneficiary or any Secured Party shall be in compliance with the rules and regulations of such agency or agencies and with the Flood Disaster Protection Act of 1973 as then in effect; and (y) shall deliver duplicate originals, certified copies or certificates, reasonably acceptable to Beneficiary, of such policies to Beneficiary together with evidence satisfactory to Beneficiary that the premiums therefor have been paid. Such policies of flood insurance shall be in form reasonably satisfactory to Beneficiary, shall time Beneficiary as an insured thereunder, shall provide that losses thereunder be payable to Beneficiary pursuant to such forms of loss payable clause as Beneficiary may approve, shall be for an amount at least equal to the Obligations or the maximum limit of coverage made available with respect to the Premises under the National Flood Insurance Act of 1968, as amended, whichever is less, and shall be noncancellable as to Beneficiary except upon thirty days prior written notice given by the insurer to Beneficiary. Within fifteen days prior to the expiration date of each such flood insurance policy, Grantor shall deliver to Beneficiary a renewal policy or endorsement together with evidence reasonably satisfactory to Beneficiary that the premium therefor has been paid. Grantor shall promptly give written notice to Beneficiary of any notice which Grantor receives stating that the Premises or any part thereof is in any way affected by the National Flood Insurance Program of the United States Department of Housing & Urban Development's Federal Insurance Administration or by any other similar program now or hereafter in effect. (i) Property and Liability Insurance. Grantor shall maintain all policies of insurance required hereunder or under the Credit Agreement with respect to Mortgagor and the Property in accordance with the provisions of the Credit Agreement. 3. Payment of Taxes and Other Impositions. (a) Nothing herein or in the Credit Agreement shall affect any right or remedy of Beneficiary or Trustee under this Deed of Trust or otherwise, without notice or demand to Grantor, to pay any and all taxes of every kind and nature (including, without limitation, all real and personal property, income, franchise, withholding, transfer, gains, profits and gross receipts taxes ), all enm17e150o9 `92#W! MCC 5899.W79