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200602/97 TABLE OF CONTENTS ARTICLE, I REPRESENTATIONS, WARRAN'T'IES, COVENAN'T'S AND AGREEMENTS OF THE GRANTOR Section 1.01. Payment of Secured Obligations ........................................................... ..............................4 Section1.02. Title of Grantor ...................................................................................... ..............................4 Collection Upon Default ...................................................................... Section 1.03. Maintenance; Repair; Alterations .......................................................... ..............................4 Statutory Rights .................................................................................... Section 1.04. Required Insurance ................................................................................ ..............................4 Section 1.05. Delivery of Insurance Policies; Payment of Premiums ......................... ..............................4 Section 1.06. Insurance Proceeds ................................................................................ ..............................4 Section 1.07. Assignment of Policies Upon Foreclosure ............................................ ..............................5 Section 1.08. Expenses; Indemnification; Waiver of Offset ....................................... ..............................5 Section 1.09. Taxes and Impositions ........................................................................... ..............................6 Section1.10. Utilities .................................................................................................. ..............................7 Section 1.11. Actions Affecting Mortgaged Estate ..................................................... ..............................7 Section 1.12. Actions by the Beneficiary and/or the Trustee To Preserve Mortgaged Estate ...................7 Section l .13. Survival of Warranties ........................................................................... ..............................8 Section1.14. Eminent Domain .................................................................................... ..............................8 Section 1.15. Additional Security ................................................................................ ..............................9 Section 1.16, Additional Indebtedness ........................................................................ ..............................9 Section 1.17. Successors and Assigns ......................................................................... ..............................9 Section1.18. Inspections ............................................................................................. ..............................9 Section1.19. Liens ...................................................................................................... ..............................9 Section 1.20. Restrictions Affecting Title ................................................................... ..............................9 Section 1.21. Further Assurances ................................................................................ ..............................9 Section 1.22. Performance of Covenants ................................................................... .............................10 Section 1.23. Notification of Event of Default Under Deed of T rust ......................... .............................10 Section 1.24. Rules; Regulations; Environmental Laws ............................................ .............................10 Section 1.25. Organization; Due Authorization ......................................................... .............................10 Section 1.26. Liabilities; Compliance With Other Instruments ................................. .............................10 Section1.27. Enforceability ....................................................................................... .............................10 Section 1.28. Pending Litigation ................................................................................ .............................10 Section 1.29. Compliance With Law .......................................................................... .............................11 Section 1.30. Appointment of Successor Trustee ..................................................... ............................... l l Section 1.31. Transfer of Interests in the Grantor or Mortgaged Estate ..................... .............................11 Section 1.32. Lease Provisions .................................................................................. ..............................1 l Section 1.33. Defeasance Terminates Lien ................................................................ .............................11 ARTICLE II ENVIRONMENTAL MATTERS Section 2.01. Environmental Matters ......................................................................... .............................12 ARTICLE III ASSIGNMENT OF RENTS AND LEASES Section 3.01. Assignment of Rents ............................................................................ .............................12 Section 3.02. Collection Upon Default ...................................................................... .............................12 Section 3.03. Statutory Rights .................................................................................... .............................12 -r-