86-- 107516
<br />provided in the Loan Agreement of even date herewith between
<br />Trustor and Beneficiary (the "Loan Agreement ") and the Note
<br />which may be hereafter paid or advanced under the terms of
<br />this Deed of Trust, or Loan Agreement to protect the security
<br />of this Deed of Trust.
<br />(6) Due, prompt and complete observance, performance
<br />and discharge of each and every obligation, covenant and
<br />agreement of Trustor contained herein, the Loan Agreement,
<br />the Loan Documents (as defined in the Loan Agreement) as
<br />amended, or in any other instrument heretofore or hereafter
<br />executed by Trustor having reference to or arising out of the
<br />indebtedness represented by the Note.
<br />ARTICLE 1
<br />COVENANTS OF TRUSTOR
<br />To protect the security of this Deed of Trust, Trustor
<br />covenants, warrants and agrees to and with Beneficiary and
<br />Trustee as follows:
<br />1.01. Payment of Principal and Interest. Trustor will pay
<br />the principal and interest and all other sums becoming due with
<br />respect to each Note at the time and place and in the manner
<br />specified in the Note, according to the terms thereof.
<br />1.02. Warranty of Title. (a) Trustor has good and
<br />marketable title to the Premises subject to no lien, charge or
<br />encumbrance except such as are listed as exceptions to title in
<br />the title policy or policies, if any, insuring the lien of this
<br />Deed of Trust issued by a title company or companies acceptable
<br />to Beneficiary; (b) Trustor owns or, upon acquisition thereof,
<br />will own the Voting Rights, Personal Property, Improvements,
<br />Rents and Profits, Insurance Proceeds and Condemnation Proceeds,
<br />free and clear of liens and claims except as stated elsewhere in
<br />this Deed of Trust; (c) and this Deed of Trust is and will remain
<br />a valid and enforceable lien on the Property subject only to the
<br />exceptions referred to above. Trustor has full power and lawful
<br />authority to grant, assign, transfer and mortgage its interest in
<br />the Property in the manner and form hereby done or intended.
<br />Trustor will preserve its interest in and title to the Property
<br />and will forever collectively warrant and defend the same to
<br />Trustee and will forever collectively warrant and defend the
<br />validity and priority of the lien hereof against the claims of
<br />all persons and parties whomsoever. Trustor shall promptly and
<br />completely observe, perform, and discharge each and every
<br />obligation, covenant and agreement affecting the Property whether
<br />the same is prior and superior or subject and subordinate
<br />hereto.
<br />1.03. Further Assurance. (a) Trustor will, at its own cost
<br />and without expense to Trustee or Beneficiary, do, execute,
<br />acknowledge and deliver all and every such further acts, deeds,
<br />conveyances, mortgages, assignments, notices of assignments,
<br />transfers and assurances as Trustee or Beneficiary shall from
<br />time to time require, for the better assuring, conveying,
<br />assigning, transferring and confirming unto Trustee and
<br />Beneficiary the property and rights hereby conveyed or assigned
<br />or intended now or hereafter so to be, or which Trustor may be or
<br />may hereafter become bound to convey or assign to Trustee or
<br />Beneficiary, or for carrying out the intention or facilitating
<br />the performance of the terms of this Deed of Trust, or for
<br />filing, registering or recording this Deed of Trust and, on
<br />demand, Trustor will execute and deliver, and hereby authorizes
<br />Trustee or Beneficiary to execute in the name of Trustor to the
<br />extent Trustor may lawfully do so, one or more financing
<br />statements, chattel mortgages or comparable security instruments,
<br />to evidence more effectively the lien hereof upon the Personal
<br />Property.
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