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200807950 C. Payment of other sums advanced by Lender to Borrower from tinle to time, and as security for the payment of any and all other indebtedness of the Borrower to Lender which may arise, and advances made to protect the Property. D. The performance of all covenants and agreements of Borrower set forth herein. Borrower, to protect the security of this Deed of Trust, agrees with Lender as follows: 1. Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on, and any fees or charges provided in the Note or in this Deed of Trust. 2. Title. Borrower is the owner of the Property, has the right ffild authority to convey the Property, and warrants that the lien created hereby is a first and prior lien on the Property and the execution and delivery of this Deed of Trust does not violate any contract or other obligation to which Borrower is subject. Borrower will forever warrant and defend the title thereto against the claims and demands of all persons whomsoever and it will, at its expense, maintain and preserve the lien of this Deed of Trust as a first paramount lien against the Property. 3. Taxes. Borrower shall pay each installment of all t:a.x.es and special assessments of every kind, now or hereafter levied against the Property or any part thereof, before delinquency, without notice or demand, and shall, before the delinquent date provide Lender with evidence of the payment of the same. 4. Insurance. Borrower shall keep the Property insured against loss by fire and hazards i.ncluded within the term "extended coverage" for their insurable value and policies for the same shall include a standard mortgage clause showing Lender herein as an additional insured. In the event of loss, Lender is authorized to adjust, collect and compromise all claims thereunder and shall have the option of applying all or part of the insurance proceeds to any indebtedness secured hereby in such order as Lender may determine, to the Borrower to be used for the repair and restoration of the Property or for such other purpose or object satisfactory to Lender without in any way affecting the lien of this Deed of Trust. AllY application of the proceeds to the indebtedness shall not extend or postpone the due date of any payments under the Note or cure any default thereunder or hereunder. All of the above~mentioned insurance policies or certificates of such insurance satisfactory to Lender, together with receipts for the payment of the premiums thereof, shall be delivered to and held by Lender, which delivery shall constitute assignment to Lender of all return premiums to be held as additional security hereunder. All renewal and replacement policies shall be delivered to Lender at least thirty (30) days before the expiration of the expiring policies. Lender shall not by the fact of approving, disapproving, accepting, preventing, obtaining or failing to obtain any insurance incur any liability for or with respect to the anlount of insurance carried, the form of the legal sufficiency of Page 2 of 12