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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. <br />-4- <br />