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tio~.oo249s shall cease, terminate and be null and void; otherwise this Deed of Trust shall remain in full force and effect. IT IS FURTHER UNDERSTOOD AND AGREED THAT: 1. Title. Grantor represents, warrants and covenants that (a) Grantor is the holder of the fee simple title to the Premises, free and clear of all liens and encumbrances, except the Permitted Exceptions; and (b) Grantor has legal power and authority to mortgage and convey the Premises. 2. Maintenance Re air and Restoratioan of Im rovements Pa ment of Prior Liens, etc. Grantor shall: (a) promptly repair, restore or rebuild any buildings or improvements now or hereafter on the Premises which may become damaged or be destroyed to a condition substantially similar to the condition immediately prior to such damage or destruction, whether or not proceeds of insurance or condemnation award are available or sufficient far such purpose; (b) keep the Premises in good condition and repair, without waste, and free from mechanics' liens or other liens or claims for lien, except that Grantor shall have the right to contest by appropriate proceedings the validity or amount of any such lien if and only if Grantor shall, within ten (10) days after the filing thereof, (i) place a bond with Beneficiary in an amount, farm, content and issued by a surety reasonably acceptable to Beneficiary for the payment of any such lien or (ii) cause the title company which has issued the loan policy of title insurance to Beneficiary insuring the lien of this Deed of Trust to issue an endorsement thereto insuring against loss or damage on account of any such lien; (c) pay when due the indebtedness secured hereby in accordance with the terms of the Nate and the other Loan Documents and duly perform and observe all of the terms, covenants and conditions to be observed and performed by Grantor under the Note, this Deed of Trust and the other Loan Documents; (d) immediately pay when due any indebtedness which may be secured by a lien or charge on the Premises superior or inferior to or at parity with the lien hereof (no such superior, inferior or parity lien to be permitted hereunder), and upon request exhibit satisfactory evidence of the discharge of any such lien to Beneficiary; (e) complete within a reasonable time any buildings or any other improvements now or at any time in process of construction upon the Premises; (f) comply with all requirements of law, municipal ordinances and restrictions and covenants of record with respect to the Premises and the use thereof, including without limitation, those relating to building, zoning, environmental protection, health, fire and safety; (g) obtain and maintain in full force and effect, and abide by and satisfy the material terms and conditions of, all material permits, licenses, registrations and other authorizations with or granted by any governmental authorities that may be required from time to time with respect to the performance of its obligations under this Deed of Trust; (h) make no material alterations in the Premises or demolish any portion of the Premises without Beneficiary's prior written consent, except as required by law or municipal ordinance; (i) not suffer or permit any change in the general nature of the occupancy of the Premises without the prior written consent of Beneficiary; (j) pay when due all operating casts of the Premises; (k) not initiate or acquiesce in any zoning reclassification with respect to the Premises, without Beneficiary's prior written consent; (1) provide and thereafter maintain adequate parking areas within the Premises as may be required by law, ordinance or regulation (whichever may be greater), together with any sidewalks, aisles, streets, driveways and sidewalk cuts and sufficient paved areas for ingress, egress and right-of--way to and from the adjacent public thoroughfares necessary or desirable for the use thereof; and (m) 4