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<br />200800520 <br /> <br />200tQJN <br /> <br />construction, access, water rights and use, noise, environmental pollution and hazardous waste <br />and substances including, without limitation, Hazardous Substances) which are applicable to <br />Grantor or have been granted for the Collateral or the use thereof. Unless required by applicable <br />law, or unless Beneficiary has otherwise first agreed in writing, Grantor shall not make or allow <br />any changes to be made in the nature of the occupancy or use of the Premises or any portion <br />thereof for which the Premises or such portion was intended at the time this Deed of Trust was <br />delivered. Grantor shall not initiate or acquiesce in any ehange in any zoning or other land use <br />classification now or hereafter in effect and affecting the Premises or any part thereof without in <br />each case obtaining Beneficiary's prior written consent thereto. <br /> <br />1.1 0 No Mechanics' Liens. Grantor will not suffer any construction, mechanics', <br />laborers' or materialmens' lien to be created or remain outstanding upon the Premises or any part <br />thereof and will bond or otherwise discharge all such liens within ten (10) days from the date of <br />filing. Grantor agrees to promptly deliver to Beneficiary a copy of any notices that Grantor <br />receives with respect to any pending or threatened lien or the foreclosure thereof. <br /> <br />1.11 Continuing Priority. Grantor will: pay such fees, taxes and charges, execute and <br />record or file (at Grantor's expense) such deeds, conveyances, mortgages and financing <br />statements, obtain such title opinions, title insurance policy endorsements, acknowledgments or <br />consents, notify such obligors or providers of services and materials and do all such other acts and <br />things as Beneficiary may from time to time request to establish and maintain a valid and perfected <br />first and prior lien on and security interest in the Collateral; maintain its office and principal place <br />of business at all times at the address shown below; and keep all of its books and records relating <br />to the Collateral on the Premises or at such address; and keep all tangible Collateral on the Real <br />Estate except as Beneficiary may otherwise consent in writing. <br /> <br />1.12 Utilities. Grantor will payor cause to be paid all utility charges incurred in <br />connection with the Collateral promptly when due and maintain all utility services available for use <br />at the Premises. <br /> <br />1.13 Contract Maintenance: Other Agreements: Leases. Grantor will, for the benefit of <br />Beneficiary, fully and promptly keep, observe, perform and satisfy each obligation, condition, <br />covenant, and restriction of Grantor affecting the Premises or imposed on it under any agreement <br />between Grantor and a third party relating to the Collateral or the Secured Obligations, including, <br />without limitation, the Leases, the Contracts for Sale, Contracts for Construction and the <br />Intangibles (collectively, the "Third Party Agreements"), so that there will be no default <br />thereunder and so that the Persons (other than Grantor) obligated thereon shall be and remain at <br />all times obligated to perform for the benefit of Beneficiary; and Grantor will not permit to exist <br />any condition, event or fact which could allow or serve as a basis or justification for any such <br />Person to avoid such performance. Without the prior written consent of Beneficiary, Grantor <br />shall not (i) make or permit any termination or amendment of the rights of Grantor under any <br />Third Party Agreement; (ii) collect rents or the proceeds of any Leases or Intangibles more than <br />thirty (30) days before the same shall be due and payable; (iii) modify or amend any Leases, or, <br />except where the lessee is in default, cancel or terminate the same or accept a surrender of the <br />leased premises; (iv) consent to the assignment or subletting of the whole or any portion of any <br />lessee's interest under any Leases; or (v) in any other manner impair Beneficiary's rights and <br /> <br />11 <br /> <br />NEWYI\8176568.2 <br />