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2UiQ09345 Default, nor waive, modify or affect any notice of default hereunder, nor invalidate any act done pursuant tn any such notice. The l.icense shall not grant to Beneficiary or 7rustee the right to possession, except as provided in this Deed of Trust. ARTICL� IV. RIGHZ�..AI�.J��,�.TIES OF THE PARTIES 4,1 �. Trus#ar warrants that, except as disclosed to Beneficiary prior to the date hereof in a writing which refers to this warranty, Trust�r lawfully possesses and holds fee simple title to, or if permitted by Beneficiary in writing, a leasehold interest in, the Real Property without limitation on the right to encumber, as herein prqvided, and that this f�eed of Trust is a valid lien on the Real Property and all of Trustor's interest therein. 4.2 Taxes and Assessments. Subject to the right, if any, of Trustar to contest payment of the fallowing pursuant ta any other agreement between Trustor and Beneficiary, Trustor shall pay priar tq delinquency all taxes, assessments, levies and charges imposed: (a) by any public or quasi-public authority or utiliry company which are or which may become a lien upon or cause a loss in value of the Real Praperty or any interest therein; or (b) by any public authority upon Beneficiary by reason of its interest in any S�cured Obligation or in the Real Prpperty, or by reason of any payment made to Bene�ciary pursuant to any S�cured Obligation; provided however, that Trustor shall have no obligation to pay any income taxes of Beneficiary. Promptly upon request by Beneficiary, Trustor shall furnish to Beneficiary satisfactory evidence of the payment of all of the faregoing. Beneficiary is hereby authorized to request and receive from the responsible governmental and non-governmental personnel written statements with respect ta the accrual and payment of any of the foregoing. 4.3 PerFormance__of S�cured Obligations. Trustor shall promptly pay and perform each Secured Obligation when due. 4.4 Liens. Encumbrances and Char��. Trustor shall immediately discharge any lien on the Real Property not approved by Beneficiary in writing. Except as otherwise provided in any Secured Obligation or other agreement with Beneficiary, Trustor shall pay when due all obligations secured by or reducible to liens and encumbrances which shall now or hereafter encumb�r the Real Property, whether senior or subordinate hereto, including without limitation, any mechanics' liens. 4.5 Insurance. Trustor shall insure the Real Property against loss or damage by fire and such other risks as Beneficiary shall from time to time require. Trustor shall carry public liability insurance, flood insurance as required by applicable law and such other insurance as Beneficiary may reasonably require, including without limitation, terrorism, business interruption insurance or loss of rental value in5uranc�. Trustor shall maintain all required insurance at Trustor's expense, under policies issued by campanies and in form and substance satisfactory to Beneficiary. Neither Beneficiary nor Trustee, by reason of accepting, rejecting, approuing or obtaining insurance, shall incur any liability for: (a) the existence, nonexistence, form or legal suffci�ncy thereof; (b) the solvency of any insurer; or (c) the payment of Iosses. All policies and certificates of insurance shall name Beneficiary as loss payee, and shall pravide that the insurance cannot be terminated as to Beneficiary except upon a minimum of ten (1 Q) days' prior written notice to Beneficiary. Immediately upon any request by Beneficiary, Trustor shall deliver to Beneficiary the original of all such policies or certificates, with receipts evidencing annual prepayment of the premiums. 4.61'ax and Insuran.� LCL1��. At Beneficiary's option and upon its demand, Trustar shall, until all Secured Obligations have been paid in full, pay to Beneficiary monthly, annually ar as otherwise directed by eeneficiary an amount estimated by Beneficiary ta be equal to: (a) all taxes, assessments, levies and charges imposed by any public or quasi?public authority or utility company which are or may become a DeedOfTrust-NE Job 1550608450-1310239189 Loan Vers.1 12/03/2010 Page 5 of 19