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. . i 98- 1C;2s36 C. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the rate of eighteen percent (18�Xo) per annum. The indebtedness described in paragraphs A, B and C above is referred to as the "Indebtedness." This Deed of Trust, the Note described on Exhibit B and any other instrument given to evidence or further secure the payment and performance of any obligation secured hereby are referred to collectively as the "Loan Instruments". Trustor covenants that (i) Trustor holds title to the Trust Estate and has lawful authority to encumber the Trust Estate, (ii)the Trust Fstate is free and clear of all liens and encumbrances except for easements, restrictions, covenants and encumbrances of record, and (iu) Trustor will defend the Trust Estate against the lawful claims of any person. To Protect the Security of this Deed of Trust: 1. Payment of Indebtedness. Trustor shall pay when due the principal of, and the interest on, the Indebtedness and all other sums as provided in the Loan Instrumsnts. 2. Taxes. Trustor shall pay each installment of all taxes and special assessments of every lcind, now or hereafter levied against the Trust Estate or any part thereof, before delinquency, without notice or demand. 3. Insurance anui Repairs. Trustor shall maintain fire and extended coverage insurance insuring the Impmvements consdtudng part of the Trust Estate for such amounts and on such terms reasonably satisfactory to Beneficiary. So long as the Property is secured by a first deed of trust or mortgage, compliance with the insurance requirements of the first deed of trust or mortgage shall be sufficient to satisfy the requirements of this paragraph 3 relating to insurance. Trustor shall promptly repair and replace the Trust Estate or any part thereof so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In no event shall the Trustor commit waste on or to the Trust Estate, or commit, suffer or permit any act to be done in or upon the Trust Estate in violation of any law, ordinance or reguladon. Trustor shall pay and promptly discharge at Trustor's cost and expense all liens, encumbrances and charges levied, imposed or assessed against the Trust Estate or any part thereof. 4. Actions A�'fecting Tyust Estate. Trustor shall appear in and contest any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee, and shall pay all costs and expenses, including cost of evidence of tide and attorneys' fees, in any such action or proceeding in which Beneficiary or Trustee may appear. If Trustor fails to make any payment or to do any act as and in the manner provided in any of the Loan Instruments, Beneficiary and/or Trustee, each in their own discretion, without obligation so to do and without notice to or demand upon Trustor and without releasing Trustor from any oiis�io.i 2