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2oioo3~53 Obligation secured by this Deed of Trust is impaired, Lender may, without notice, declare all of the Obligations immediately due and payable. 2.4 Insurance: Trustor shall, at Trustor's sole cost and expense, obtain and maintain casualty insurance in such forms and amounts as required by Lender. The policy or policies of casualty insurance shall name Lender as a loss payee and be in an amount reasonably sufficient to replace the Trust Estate in the event of a total loss. In case of loss, Lender, at its option, shall be entitled to receive and retain the proceeds of the casualty insurance policies, applying the same to the Obligations in such manner as Lender may elect. If any loss shall occur at any time when a Default shall have occurred, Lender shall be entitled to the benefit of all insurance held by or for Trustor, to the same extent as if it had been made payable to Lender, and upon foreclosure hereunder, Lender shall become the owner thereof. 2.5 Taxes and Assessments: Trustor will pay all taxes and assessments against or affecting the Trust Estate as the same become due and payable, and, upon request by Lender, Trustor will deliver to Lender such evidence of the payment thereof as Lender may require, and, if Trustor fails to do sa, Lender may pay them, together with all costs and penalties thereon, at Trustor's expense. 2.6 No Dischar;~e. The obligations and liabilities of Trustor under this Deed of Trust or any of the other Loan Documents shall in no way be released, discharged or otherwise affected (except as otherwise expressly provided in the Loan Documents) by reason of: (a) any damage to or destruction of or any condemnation or similar taking of the Trust Estate; (b) any restriction or prevention of or interference by any Ferson with any use of any of the Trust Estate; (c) any title defect or encumbrance or any eviction from the Trust Estate by title paramount or otherwise; (d) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like proceeding relating to Lender, or any action taken with respect to this Deed of Trust by any trustee or receiver of Lender, or by any court, in any such proceeding; (e) any claim that Trustor has or might have against Lender or Trustee; (f) any default or failure on the part of Lender to perform or comply with any of the terms of the Loan Documents; or (g) any other act or occurrence whatsoever, whether similar or dissimilar to the foregoing; whether or not Trustor shall have notice or knowledge of any of the foregoing. Trustor waives all rights now or hereafter conferred by statute or otherwise to any abatement, suspension, deferment, diminution or reduction of any sum secured hereby and payable by Trustor. 2.7 Actions_ by_ Lender. If Trustor fails to make any payment or to do any act as and in the manner required by this Deed of Trust or any other Loan Documents, Lender, in its sole and absolute discretion, may, without obligation so to do, without releasing Trustor from any obligation, and with only such notice to or demand upon Trustor as may be reasonable under the then existing circumstances, make or do the same in such manner and to such extent as Lender may deem necessary or appropriate. All amounts expended by Lender pursuant to this Section or any other provision of this Deed of Trust or the other Loan Documents, with interest thereon at the Default Rate from the date incurred until paid, shall be payable by Trustor upon demand, constitute part of the Obligations and are secured by the lien of this Deed of Trust. 2.8 No Liens and Encumbrances. As of the date hereof Trustor is, and as to any portion of the Trust Estate acquired hereafter will upon such acquisition be the owner in fee of 4842-8419-5330.1 5