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<br />20011050:1
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<br />1. Payment ofIndebtedness. To pay when due, the principal of, and the interest on,
<br />the indebtedness evidenced by the note, charges, fees and all other sums as provided in the loan
<br />instruments.
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<br />2. Title. Trustor is the owner of the property and has the right and authority to
<br />execute this Deed of Trust in respect to the property.
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<br />3. Taxes and Assessments. To pay, when due, all taxes, special assessments and all
<br />other charges against the property, before the same become delinquent, and, in the event
<br />Beneficiary shall so require, to add to the payments required under the note secured hereby, such
<br />amount as may be sufficient to enable Beneficiary to pay such taxes, assessments or other
<br />charges as they become due. So long as this Deed of Trust shall remain in effect, Trustor shall
<br />provide Beneficiary with a copy of the receipt for payment of all such taxes and assessments
<br />before the same become delinquent.
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<br />4. Repair, Maintenance and Use. To not commit waste on or damage to the property
<br />and to use due care to prevent others from so doing; to keep the property free from mechanics or
<br />other liens not expressly subordinated to the lien hereof; to not make, suffer or permit any
<br />nuisance to exist nor to diminish or impair the value of the property by any act or omission to act;
<br />and to comply with all requirements of law with respect to the property.
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<br />5. Insurance. At all times during the term hereof to keep the Property insured
<br />against damage by fire, hazards included within the term "extended coverage", and such other
<br />hazards as Beneficiary may require, in an amount of not less than the replacement value thereof
<br />and with companies acceptable to Beneficiary, including a standard mortgagee clause with loss
<br />payable to the Beneficiary and containing an additional provision that the policy cannot be
<br />canceled without prior written notice to the Beneficiary. In case of loss under such policies, the
<br />Beneficiary is authorized to adjust, collect and compromise all claims thereunder and shall have
<br />the option of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby
<br />and in such order as Beneficiary may determine, or (ii) to the Trustor to be used for the repair or
<br />restoration of the Property. Any application of proceeds to indebtedness shall not extend or
<br />postpone the due date of any payments under the Note, or cure any default thereunder or
<br />hereunder.
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<br />6. Condemnation. In the event the property, or any part thereof, shall be taken by
<br />eminent domain, Beneficiary is entitled to collect and receive all compensation which may be
<br />paid for any property taken or for damages to property not taken, and Beneficiary shall apply
<br />such compensation, at its option, either to a reduction of the indebtedness secured hereby or to
<br />repair and restore the property so taken.
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<br />7. Performance bv Beneficiarv. Beneficiary may, but shall have no obligation to, do
<br />any act which Trustor has agreed but failed to do, and Beneficiary may also do any act it deems
<br />necessary to protect the lien hereof. Trustor agrees to repay, upon demand, any sums so
<br />expended by Beneficiary for the above purposes, and any sum so expended by Beneficiary shall
<br />be added to the indebtedness secured hereby and become secured by the lien hereof. Beneficiary
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
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<br />8. Assignment of Rents. In the event of default, Beneficiary shall have the right,
<br />power and authority during the continuance of this Deed of Trust to collect the rents, issues and
<br />profits of the property and of any personal property located thereon with or without taking pa;-
<br />session of the property affected hereby, and Trustor hereby abooluteIy and unconditionally
<br />assigns all such rents, issues and profits to Beneficiary. Beneficiary, however, hereby consents to
<br />Trustor's collection and retention of such rents, issues and profits as they accrue and become
<br />payable, so long as Trustor is not, at such time, in default with respect to payment of any in-
<br />debtedness secured hereby, or in the performance of any agreement hereunder. If any event of
<br />default described hereafter in respect to this Deed of Trust shall have occurred and be continuing,
<br />Beneficiary, as a matter of right and without notice to Trustor or anyone claiming under Trustor,
<br />and without regard to the value of the trust estate or the interest ofthe Trustor therein, shall have
<br />the right to apply to any court having jurisdiction to appoint a receiver of the property.
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