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<br />200803089
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<br />delinquency all taxes, assessments, levies and charges imposed: (a) by any public or quasi?public
<br />authority or utility company which are or which may become a lien upon or cause a loss in value of the
<br />Subject Property or any interest therein; or (b) by any public authority upon Beneficiary by reason of its
<br />interest in any Secured Obligation or in the Subject Property, or by reason of any payment made to
<br />Beneficiary pursuant to any Secured Obligation; provided however, that Trustor shall have no obligation
<br />to pay any income taxes of Beneficiary. Promptly upon request by Beneficiary, Trustor shall furnish to
<br />BenefIciary satisfactory evidence of the payment of all of the foregoing. Beneficiary is hereby
<br />authorized to request and receive from the responsible governmental and non~governmental personnel
<br />written statements with respect to the accrual and payment of any of the foregoing.
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<br />4.3 Performance of Secured Obligations. Trustor shall promptly pay and perform each Secured
<br />Obligation when due.
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<br />4.4 Liens. Encumbrances and Charges. Trustor shall immediately discharge any lien on the Subject
<br />Property not approved by Beneficiary in writing. Except as otherwise provided in any Secured
<br />Obligation or other agreement with Beneficiary, Trustor shall pay when due all obligations secured by or
<br />reducible to liens and encumbrances which shall now or hereafter encumber the Subject Property,
<br />whether senior or subordinate hereto, including without limitation, any mechanics' liens.
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<br />4.5 Insurance. Trustor shall insure the Subject Property against loss or damage by fire and such other
<br />risks as Beneficiary shall from time to time require. Trustor shall carry public liability insurance, flood
<br />insurance as required by applicable law and such other insurance as Beneficiary may reasonably
<br />require, including without limitation, business interruption insurance or loss of rental value insurance.
<br />Trustor shall maintain all required insurance at Trustor's expense, under policies issued by companies
<br />and in form and substance satisfactory to Beneficiary. Neither Beneficiary nor Trustee, by reason of
<br />accepting, rejecting, approving or obtaining insurance, shall incur any liability for: (a) the existence,
<br />nonexistence, form or legal suffiCiency thereof; (b) the solvency of any insurer; or (c) the payment of
<br />losses. All policies and certificates of insurance shall name Beneficiary as loss payee, and shall provide
<br />that the insurance cannot be terminated as to Beneficiary except upon a minimum of ten (10) days' prior
<br />written notice to Beneficiary. Immediately upon any request by Beneficiary, Trustor shall deliver to
<br />Beneficiary the original of all such policies or certificates, with receipts evidencing annual prepayment of
<br />the premiums.
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<br />4.6 Tax and Insurance Imoounds. At Beneficiary's option and upon its demand, Trustor shall, until all
<br />Secured Obligations have been paid in full, pay to Beneficiary monthly, annually or as otherwise
<br />directed by Beneficiary an amount estimated by Beneficiary to be equal to: (a) all taxes, assessments,
<br />levies and charges imposed by any public or quasi?public authority or utility company which are or may
<br />become a lien upon the Subject Property and will become due for the tax year during which such
<br />payment is so directed; and (b) premiums for fire, other hazard and mortgage insurance next due. If
<br />Beneficiary determines that amounts paid by Trustor are insufficient for the payment in full of such
<br />taxes, assessments, levies and/or insurance premiums, Beneficiary shall notify Trustor of the increased
<br />amount required for the payment thereof when due, and Trustor shall pay to Beneficiary such additional
<br />amount within thirty (30) days after notice from Beneficiary. All amounts so paid shall not bear interest,
<br />except to the extent and in the amount required by law. So long as there is no Default, Beneficiary shall
<br />apply said amounts to the payment of, or at Beneficiary's sole option release said funds to Trustor for
<br />application to and payment of, such taxes, assessments, levies, charges and insurance premiums. If a
<br />Default exists, Beneficiary at its sole option may apply all or any part of said amounts to any Secured
<br />Obligation and/or to cure such Default, in which event Trustor shall be required to restore all amounts so
<br />applied, as well as to cure any Default not cured by such application. Trustor hereby grants and
<br />transfers to Beneficiary a security interest in all amounts so paid and held in Beneficiary's possession,
<br />and all proceeds thereof, to secure the payment and performance of each Secured Obligation. Upon
<br />assignment of this Deed of Trust, Beneficiary shall have the right to assign all amounts collected and in
<br />its posseSSion to its assignee, whereupon Beneficiary and Trustee shall be released from all liability with
<br />respect thereto. The existence of said impounds shall not limit Beneficiary's rights under any other
<br />provision of this Deed of Trust or any other agreement, statute or rule of law. Within ninety~five (95)
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