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1.12. Preservation of Trustor as an Entit . Trustor will, so long as it is the owner of or has an interest in the Property, do all things necessary to preserve and keep in full force and effect its existence, franchises, rights and privileges as a partnership, business or stock corporation or any other entity whatsoever under the laws of the state of its incorporation, formation, certification or registration, and will comply with all Laws of any Governmental Authority or court applicable to Trustor or the Property or any part thereof. 1.13. Records and Books. (a) Trustor will keep adequate records and s of account in accordance with generally accepted accounting principles and will permit Trustee and Bene- ficiary, or their agents, accountants and attorneys, to visit and inspect the Property and examine Trustor's records and books of account and to discuss Trustor's affairs, finances and accounts with the officers, agents or principals of Trustor at such reasonable times as may be requested by Trustee or Beneficiary. An annual operating statement as defined by the Beneficiary will be required so long as the Deed of Trust or Note is in effect. (b) Trustor of the Note will deliver to Beneficiary with reasonable promptness after the close of their respective fiscal years' balance sheets, operating statements and statements of profit and loss setting forth in each case, in comparative form, figures for the preceding year. Throughout the term of this Deed of Trust, Trustor will deliver to Beneficiary with reasonable promptness such other information with respect to Trustor as Beneficiary may reasonably request from time to time. 1.14. Subrogation. Beneficiary shall be subrogated, not- withstanding ter re -Tease of record, to any mechanic's, con- struction's or vendor's lien or liens, superior titles, mortgages, deeds of trust, liens, encumbrances, rights, equities mW charges of all kinds heretofore or hereafter existing on the Property to the extent that the same are paid or discharged from the proceeds of the loan evidenced by the Note. 1.15. Rolease of Liabilit or Performance. Subject to pars- gra 5.01, w ou a ectng a a�6ity of Trustor or of any other person who is or shall become bound by the terms of this Deed of Trust or who is or shall become liable for the perfor- mance of any obligation secured hereby, Beneficiary may, in such zz