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r --, r ;. &JI,_ G083nD 1;... Q't O'U requi rement that Grantor make payments to the Escrow Fund. aspr.oV'i~ below and payments are required to be mada into. the Escrow~~~:b:l Grantor, to the extent such payments are actuallYmade,lW\er.l:can shall pay those taxes and charges to the appropria~~~l1th party on behalf of Grantor. If the amount oft.h~ 2sCJ:~ exceed the amounts actually due, Americanshal1,. in>it.s absolute discretion to the extent permitted bYi1aw, to Grantor, or credit such excess against future to the Escrow Fund, or apply the excess to the Obligation. In allocating such excess. American m~ person shown on the records of American to be the Property. (b) American may, in its sole disct~tt period of time and on any terms and conditions~waiv& requirement that Grantor make the monthly payments to, and allow Grantor to pay directly to the appropriate institutions such Impositions. In the event American to pay Impositioml directly, G.:antor shall. deliver to.AlUI 30 days of making each such paymenc evidence of suchI.)a form of the original or a pho~cstatic copy of the official evidencing such payment or other proof vf paymenc satisf~ American. The failure of Grantor tc deliver receipts or to other p~o~f ~atisf.actor!,. to. Am~ri~n as specified above shall. a . ~ u~~. (c) In the event Grantor shall not fully compli the terms and conditi.ons of paragraphs 2 or 3, Amedczm may/at option mak.e payment: of the items mentioned in such paragraphs, Grantor agrees to repay upon demand all funas hereafter advanc8G l>_'Uerican for such payments, with incerest an such j?ayments frO. date of such payments until repaid at th~ default rate set forth tn~ the Hate, all of which advances so made bv American and interut shall be and become part of the Obligation~ secured by this Deediof Trust. 5. Grantor shall not commit \vaste or permit waste to. be committed on the Pro?erty and shall keep all improvements on the Proper-.:y, including trees, shrubs, fences, irrigation equipment, and buildings in goed condition and repair. Grantor shall observe com- mercially accepcable practices in operating the Property. '. 6. Grantor shall comply with all laws, ordinances, and regulations affecting the Property or its use and shilll faithfully comply with the terms and conditions of all leases (federal, state, and private) and insurance policy provisions now or hereafter in effect, made by or for the benefit of Grantor, fOi use in connection with the operation of the Property. -4- u L ..J