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~.. 200903244 Trustor further covenants and agrees with Beneficiary as follows: (1) To pay all liens, judgments or other assessments against said Trust Estate and to pay when due all taxes, rents, fees or charges upon said Trust Estate or under any lease, permit, license or privilege assigned to Beneficiary as additional security to this Trust Deed, including those on public domain, unless waived from time to time by Beneficiary. At the option of Beneficiary, Trustor shall pay all insurance premiums and real estate taxes by making monthly payments to Beneficiary equal to 1/12 of the estimated annual insurance premiums and taxes each year, to be held in escrow by Beneficiary and applied to such real estate taxes and insurance premiums as the same become due or delinquent. (2) To insure and keep insured buildings and other improvements now on or hereafter placed on said Trust Estate to the extent of the full value of the collateral. Such insurance shall be approved by and deposited with Beneficiary within ten (10) days ofthe date of this instrument, and endorsed with loss thereunder payable to Beneficiary and naming Beneficiary as additional insured. Any sums so received by Beneficiary may be used to pay for reconstruction of the destroyed improvements or if not so applied may, at the option of the Beneficiary, be applied in payment of any indebtedness matured or unmatured secured by this Trust Deed, unless waived from time to time by Beneficiary. At Beneficiary's option, Trustor shall pay all insurance premi ums by making monthly payments to Beneficiary equal to 1/ 12th of the estimated annual premiums to be held in escrow by the Beneficiary and applied to such premiums as the same become due or delinquent. (3) To keep all buildings, fixtures, and other improvements now on or hereafter placed on said Trust Estate occupied and in good repair, maintenance and condition, and to neither commit nor permit any acts of waste, violation or noncompliance with zoning regulations or city code provisions, or any impairment of the value ofthe Trust Estate. Beneficiary may enter upon the Trust Estate to inspect the same or to perform any acts authorized herein or in the loan agreement. (4) In the event Trustor fails to pay any liens, judgments, assessments, taxes, rents, fees or charges or maintain any insurance on the property, buildings, fixtures or improvements as provided herein or in the loan agreement, Beneficiary may, at its option, make such payments or provide insurance, maintenance or repairs and any amounts paid therefore shall become part of the principal indebtedness secured hereby, be immediately due and payable and bear interest from the date of payment at the rate of sixteen percent (16%) per annum. The advancement by Beneficiary of any such amounts shall in no manner limit the right of Beneficiary to declare Trustor in default or exercise any of the Beneficiary's other rights and remedies. (5) In the event Beneficiary is a party to any litigation affecting the security or the lien of this Trust Deed, including any action by Beneficiary to enforce this Trust Deed or any suit in which Beneficiary is named a defendant (including condemnation and bankruptcy proceedings), Beneficiary may incur expenses and advance payments for abstract fees, attorney fees, costs, expenses, appraisal fees and other charges and any amounts so advanced shall become part of the principal indebtedness secured hereby, be immediately due and payable and bear interest as provided in Paragraph (5) above. (6) Any awards made to Trustor or his successors by the exercise of eminent domain are hereby assigned to Beneficiary; and Beneficiary is hereby authorized to collect and apply the same in payment of any indebtedness, matured or unmatured, secured by this Trust Deed. -3-