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RR-:..l00020 I Beneficiary to be equal to one-twelfth (1/12th) of the annual taxes, assessments and other items required to be discharged by Mortgagor under Section 1.4.1. Such amounts shall be held by Beneficiary without interest to Mortgagor and applied to the payment of the obligations in respect of which such amounts were deposited, in such order or priority as Beneficiary shall deter- mine, on or before the respective dates on which the same or any part thereof would become delinquent. Nothing contained in this Section 1.4.2 shall affect any right or remedy of Beneficiary under any provision of this Deed of Trust or of any statute or rule of law to pay any such amount and to add the amount so paid, together with interest at the Default Rate (as defined in the Loan Agreement), to the other amounts outstanding in respect to the Loan or relieve Mortgagor of its obligations to make or provide for the payment of the annual taxes, assessments and other charges required to be discharged by Mortgagor under Section 1.4.1. 1.4.3 Unless contested in accordance with Section 1.4.5, Mortgagor shall timely pay all lawful claims and demands of mechanics, materialmen, laborers, government agencies administer- ing worker's compensation insurance, old age pensions, and social security benefits and all other claims, judgments, demands or amounts of any nature which, if unpaid, might result in, or permit the creation of, a Lien on the r.1ortgaged Property or any part thereof, or on the revenues, rents, issues, income and profits arising therefrom. 1 .4.4 Mortgagor has obtained and shall take all action necessary to maintain in force and effect all permits, consents, approvals, licenses, franchises or other instruments including those required by the Loan Agreement (collectively, IIPermi tsll) required by any federal, state, municipal or local government or quasi-governmental agency or authority to operate or use and occupy the Premises. Unless contested in accordance with Section 1.4.5, Mortgagor shall comply promptly with all require- ments set forth in any of the Permits and all requirements of any law, ordinance, rule, regulation or requirement of any federal, state, municipal or local government or quasi-governmental agency or authority applicable to all or any part of the I'1ortgaged Property or the condition, use or occupancy of all or any part thereof or any restriction imposed upon the Mortgaged Property by any duly recorded deed of restriction, declaration, covenant running with the land or otherwise, now or hereafter in force. 1.4.5 Mortgagor may at its own expense contest the amount or applicability of any of the obligations described in Sections 1.4.1, 1.4.3 and 1.4.4 by appropriate legal proceedings, prosecution of which operates to prevent the collection thereof or the sale or forfeiture or demolition of the Mortgaged Property or any part thereof to satisfy the same; provided, however, (i) Mortgagor has notified Beneficiary in writing of the intention of Mortgagor to contest the same before any such obligations have been increased by any interest, penalties, or costs; (ii) Mortga- gor has obtained a title insurance endorsement over such contested -7- r-- L L -.J ,.I ~.. L