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200804918 on, in or about the Premises in such minimum amounts and with such minimum limits as Mortgagee may reasonably require; (e) Builders Risk Insurance during the making of any alterations or improvements to the Premises; and (f) Such other forms of insurance as Mortgagee reasonably may require or as may be required by law. In addition, Mortgagee is to be furnished with such engineering data as it may require regarding the risk of earthquake or sinkhole damage to the Premises. If Mortgagee shall determine in its sole opinion that there is a material earthquake or sinkhole risk, or if insurance against earthquake or sinkhole is required by law, Mortgagor will provide earthquake or sinkhole insurance. Such insurance policies shall be written on forms and with insurance companies which are satisfactory to Mortgagee, shall name as the insured parties Mortgagor and Mortgagee, as their interests may appear, shall be in amounts sufficient to prevent Mortgagor from becoming a co-insurer of any loss thereunder, and shall bear a satisfactory mortgagee clause in favor of Mortgagee with loss proceeds under any such policies to be made payable to Mortgagee. All required policies of insurance or, at the option of Mortgagee, certificates of insurance, together with evidence of the payment of current premiums therefor shall be delivered to Mortgagee and shall provide that Mortgagee shall receive at least thirty (30) days advance written notice prior to cancellation, amendment or termination of any such policy of insurance. Mortgagor shall, within thirty (30) days prior to the expiration of any such policy, deliver original policies evidencing the renewal of such insurance or, at the option of Mortgagee, certificates of insurance, together with evidence of the payment of current premiums therefor. Mortgagor shall at its expense furnish on renewal of insurance policies or upon request of Mortgagee evidence of the replacement value of the improvements on the Premises in form satisfactory to Mortgagee. Insurance coverage must at all times be maintained in proper relationship to such replacement value and must always provide for agreed amount coverage. In the event of a foreclosure of this Deed of Trust or any acquisition of the Premises by Mortgagee, all such policies and any proceeds payable therefrom, whether payable before or after a foreclosure sale, or during the period of redemption, if any, shall become the absolute property of Mortgagee to be utilized at its discretion. In the event of foreclosure or the failure to obtain and keep any required insurance, Mortgagor empowers Mortgagee to effect insurance upon the Premises at Mortgagor's expense and for the benefit of Mortgagee in the amounts and types aforesaid for a period of time covering the time lapse of insurance including lapse during redemption from foreclosure sale, and if necessary, to cancel any or all existing insurance policies. Mortgagor agrees to furnish Mortgagee copies of all inspection reports and insurance recommendations received by Mortgagor from any insurer. Mortgagee makes no representations that the above insurance requirements are adequate protection for a prudent mortgagor. 3.2 Escrows. Following the occurrence of an Event of Default, upon the written request of Mortgagee, Mortgagor shall deposit with Mortgagee on the first day of each and every month, commencing 11 Doc# 2675364\2