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<br />provemcnt which may be damaged or destroyed thereon, and to pay whtn due alt claims for tabor performed arrd
<br />materials furnished therefor, to comp)y with all laws, ardinan::es; regu)axior±s, iavenanie, eonditianssnd restie-_--~-~
<br />lions now or hereafter affecting-the trust Estate or any patt thtreof or requiring any alterations or improv6marus '"
<br />oat to commit or permit any waste or deterioration of the 7ruat Estate, [o keep and maintain "abutting.grounda," "
<br />sidewalks, roads, parking and landscape areas in good and neat order and repair; to comply-with •he provisiot[s>
<br />of any lease, if this Decd of Trust is on a leasehold; not to commit, suffer or permit anyact to be done in cx upon; _
<br />the Trust Estate in violation of any law, ordinance or «gulation.
<br />1.03 Required Insurance, Tv at all limes provide, maintain and keep ir. force the following policies of itt=
<br />surance:
<br />(a) Insurance against loss ar damage to the Improvements by fire and any of the risks covered by iaauranee -
<br />af eht type now known as "fire and extended coverage", in an amount not less than she original amount of the
<br />Note ar the full replacement cast of the Improvements (exclusive of the cost of excavations, foundations, and.
<br />footings below the lowest basement floor), whichever is greater; and with not more than S1,000 deduc[iblmfrom
<br />the loss payable for any casualty. The policies of insurance carried in accordance with this subparagraph (a) shall
<br />contain [he "Replacement Cost Endorsement"
<br />(b) if requested by Beneficiary, business interruption insurance andlor foss of ' :zttta! value" insurance. in
<br />such amounts as are satisfactory to Beneficiary;
<br />(c) During the course of any construction or repair of Improvements on the Property, comprehensive public
<br />liability insurance (ine!uding coverage for elevators and escalators, if any, on the Trust Estate and, if any con-
<br />struction of new Improvements occurs after execution of this Dzed of Trust, completed operations coverage for
<br />fwo years after construction of iht improvtments has been compietedj on an "occurrence basis" against claims
<br />far "personal injury" including without {imitation bodily injury, death ar property damage occurring on, in or
<br />about the Trust Estaxc and the adjoining streets, sidewalks and passageways, such insurance to afford immediate
<br />minimum protection to a limit of not lass than that required by Beneficiary with «spect to personal injury or
<br />death to any one or more persons or damage to property:
<br />(d) During the course of any construction or repair of Improvements on the Property, workmen's com-
<br />pensation insurance (including employer's liability insurance, if requested by Beneficiary) for all employees of
<br />Trustor engaged on ar with respect to the Trust Estate in such amount as is reasanabty satisfactory to Beneficiary,
<br />or, if such limits are established by taw, in such amounts;
<br />(e) During the course of any construction or «pair of [mpmvements on the Property, builder's completed
<br />vafue risk insurance against "aft risks of physical loss," including collapse and transit coverage, during con-
<br />struction of such (mpravements, with deducribles not to exceed b1,000, in nonreporting form, covering the fetal
<br />value of work performed and equipment, supplies and materials furnished. Said policy of insurance shall contain
<br />[he "permission to occupy upon completion of work nr occupant}" endncsement
<br />(f} Seiler and machinery insurance covering pressure vessels, air looks, boilers, machinery, pressure piping,
<br />heating, air conditioning and elevator equipment and escalator equipment, provtdid the Improvements contain
<br />equipment of such nature. and insurance against lass of occupancy ar use lasing from any such breakdown, in
<br />such amounts as are rlasanably satisfactory to Beneficiary;
<br />(g) Insurance against loss or damage to chi Personal Prupsrt_y by_ tire and other risks covered by insurance
<br />ai the type now known as "fete and extended coverage;" and
<br />(h) Such other insurance, and in such amounts, as may from time to lime be requued by Beneficiary against
<br />the same or other hazards.
<br />(i) All policies of insurance required by the terms of [his Decd of Trust ,hall contain nn ~:ndorsontent ur
<br />agreement by the insurer ;hat any loss shall be D'aVablC in accunlanr with the terms of such pulic~ ^otwith-
<br />standing any act or acgiigcncc at "l•rustor which ought uthi•rwiu rc±uit in furfriutre of said insur:utcr and ;hr
<br />further agreement of the insurer waiving all rights tit set of (, counterclaim or deduetiuro against 7Yu,tor. li' w
<br />reyuirt•d by Beneficiary wch policies shall nantc T'nts[ez a5 an additional insurrd.
<br />1.03 Delivery of Pa{icies, Pa rZment of Premiums. That all policies of insurantt shall he issued by ce,m-
<br />panics and in amounts m each company satisfactory to Beneficiary. All policies of insurence shaii have attached
<br />thereto a lender's loss payable endorsment for the bineh; of Beneficiary in form satisfactory to Benetficiary
<br />~-rusnx sh.rll to rru sh Beneti. rut unh ;m ++nc~rnl r~,Pti ,+f' ^;I p, rlicii, of reyuu'eri tnsutanet-_ It il.•ct~~l r. !.trs our
<br />cents to Trustor providing any of the required tnsurance through biankit poiicits carried fiy Truuor end covering
<br />more than one location, then uustor shall furnish Beneficiary with a certificate of msurance tar each ,uch polrcy
<br />sitting forth the covtraga the limits of )lability, thl name of the carrier, the policy numt+er, and the expiration
<br />data. At lease thuty (30) days prior to the txpiratiun of each such policy, Trustor shad turntsh Hentficiary wrth
<br />ividenee satisfaetaty to Benefteiary ni the payment of prtrrtium and the re issuance of a pr,ircy canrmuing m-
<br />suranci in farce as required by this Dttd of Trust, .411 such pulictcs shat! cautatn a provtsrun that such pvltcrex
<br />will not be canctHcd •:rz matenally amended, which term shaii meiude any rtductu,n m the scups ur lutnts of
<br />coverage, w~rihuut at least ftftten (I S) days poor wri[ten notice to Btnefictary. !n the event Teusu,r farts to
<br />provide, maintain, keep m farce yr de)tver and furnish to Beneficiary the potictes tit tnsurance requtrid by tht5
<br />Section, Beneficiary may p[ocure such insurance or single-interest insurance Eor such asks covering Beneficiary's
<br />interest, and Trustor will pay alt premiums thereon promptly upon demand by Benerciary, and until such
<br />payment is made by Trustor the amount of alt such premiums togother with interest thereun at the rats of ten per-
<br />cem (1096) per annum shall be secured try this Deed of Trust. At the request of Bentfwiary Trustor shalt deposit
<br />with Beneficiary in monthly installmtnts, an amount equal [o ono-twelfth of the estimated aggregate annual in-
<br />surance premiums an ail pulicies of insurance required by this Uetd ai Trust. Trustor Further ag«cs, apart
<br />BlnlCtciary's rtqulst, to eatisc a}I bills, staEemtnts ar other documents relating u? the fortguing insurance
<br />premtums to bi slot or marled directly to Beneficiary. upon «ccrpt of -such tiilis, stattments or oUttr documents,
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