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201108089 <br /> ASSIGNS, SELLS, CONVEYS and CONFIRMS,to Trustee for the benefit of the Beneficiary, on behalf <br /> of the Secured Parties, the Mortgaged Property, subject, however, only to Permitted Liens, TO HAVE <br /> AND TO HOLD the Mortgaged Property, IN TRUST, WITH POWER OF SALE, and Grantor does <br /> hereby bind itself, its successors and assigns to WARRANT AND FOREVER DEFEND the title to the <br /> Mortgaged Property unto Trustee. <br /> ARTICLE 3 <br /> WARRANTIES, REPRESENTATIONS AND COYENANTS <br /> Grantor warrants,represents and covenants to Beneficiary as follows: <br /> Section 3.1 Title to Mortgaged Proqertv and Lien of this Instrument. Grantor <br /> owns the Mortgaged Property free and clear of any liens, claims or interests, except the Permitted Liens. <br /> This Deed of Trust creates a valid, enforceable second priority lien and security interest against the <br /> Mortgaged Property. <br /> Section 3.2 Lien Status. Grantor shall preserve and protect the second lien and <br /> security interest status of this Deed of Trust and the other Loan Documents. If any lien or security <br /> interest other than a Permitted Lien is asserted against the Mortgaged Property, Grantor shall promptly, <br /> and at its expense, (a)give Beneficiary a detailed written notice of such lien or security interest(including <br /> origin,amount and other terms), and(b)pay the underlying claim in full or take such other action so as to <br /> cause it to be released or contest the same in compliance with the requirements of the Credit Agreement <br /> (including the requirement of providing a bond or other security satisfactory to Beneficiary). <br /> Section 3.3 Pavment and Performance. Grantor shall pay the Indebtedness when <br /> due under the Credit Agreement and the other Loan Documents and shall perform the Obligations in full <br /> when they are required to be performed (subject to all applicable notice and cure periods set forth in the <br /> Loan Documents). <br /> Section 3.4 Replacement of Fixtures. Grantor shal] not, without the prior written <br /> consent of Beneficiary, permit any of the Fixtures owned by Grantor to be removed at any time from the <br /> Land or Improvements, unless the removed item is removed temporarily for maintenance and repair or is <br /> permitted to be removed by the Credit Agreement. <br /> Section 3.5 Insuection. Grantor shall permit Beneficiary and the other Secured <br /> Parties and their respective agents, representatives and employees, upon reasonable prior notice to <br /> Grantor, to inspect the Mortgaged Property and all books and records of Grantor located thereon, and to <br /> conduct such environmental and engineering studies as Beneficiary or the other Secured Parties may <br /> reasonably require, provided that such inspections and studies shall be held at reasonable intervals, and <br /> shall not materially interfere with the use and operation of the Mortgaged Property. Except during the <br /> continuation of an Event of Default, Grantor shall not be required to pay for more than one of any type of <br /> study or inspection per year. <br /> Section 3.6 Other Covenants. All of the covenants in the Credit Agreement are <br /> incorporated herein by reference and,together with covenants in this Article 3, shall be covenants running <br /> with the Land. <br /> Section 3.7 Insurance; Condemnation Awards and Insurance Proceeds. <br /> (a) Insurance. Grantor shall maintain insurance in accordance with Section 6.5 of <br /> the Credit Agreement <br /> 3 <br /> 509265-1598-00754-Active.12645 846.2 <br />