THE HOLDER OF THE SUBORDINATE LIEN, NOR ANY PURCHASER AT FORECLOSURE
THEREUNDER, NOR ANYONE CLAIMING BY, THROUGH OR UNDER ANY OF THEM SHALL SUCCEED
TO ANY OF GRANTOR'S RIGHTS HEREUNDER WITHOUT THE PRIOR WRITTEN CONSENT OF
HOLDER.
(M)
OPERATION OF PROPERTY.
GRANTOR WILL OPERATE
THE PROPERTY IN A GOOD AND WORKMANLIKE MANNER AND IN ACCORDANCE WITH ALL LEGAL
REQUIREMENTS AND WILL PAY ALL FEES OR CHARGES OF ANY KIND IN CONNECTION
THEREWITH.
GRANTOR WILL KEEP THE PROPERTY OCCUPIED SO AS NOT TO IMPAIR THE
INSURANCE CARRIED THEREON.
GRANTOR WILL NOT USE OR OCCUPY OR CONDUCT ANY
ACTIVITY ON, OR ALLOW THE USE OR OCCUPANCY OF OR THE CONDUCT OF ANY ACTIVITY ON,
THE PROPERTY IN ANY MANNER WHICH VIOLATES ANY LEGAL REQUIREMENT OR WHICH
CONSTITUTES A PUBLIC OR PRIVATE NUISANCE OR WHICH MAKES VOID, VOIDABLE OR
CANCELABLE, OR INCREASES THE PREMIUM OF, ANY INSURANCE THEN IN FORCE WITH
RESPECT THERETO.
GRANTOR WILL NOT INITIATE OR PERMIT ANY ZONING
RECLASSIFICATION OF THE PROPERTY OR SEEK ANY VARIANCE UNDER EXISTING ZONING
ORDINANCES APPLICABLE TO THE PROPERTY OR USE OR PERMIT THE USE OF THE PROPERTY
IN SUCH A MANNER WHICH WOULD RESULT IN SUCH USE BECOMING A NONCONFORMING USE
UNDER APPLICABLE ZONING ORDINANCES OR OTHER LEGAL REQUIREMENT.
GRANTOR WILL NOT
IMPOSE ANY EASEMENT, RESTRICTIVE COVENANT OR ENCUMBRANCE UPON THE PROPERTY,
EXECUTE OR FILE ANY SUBDIVISION PLAT OR CONDOMINIUM DECLARATION AFFECTING THE
PROPERTY OR CONSENT TO THE ANNEXATION OF THE PROPERTY TO ANY MUNICIPALITY,
WITHOUT THE PRIOR WRITTEN CONSENT OF HOLDER.
GRANTOR WILL NOT DO OR SUFFER TO
BE DONE ANY ACT WHEREBY THE VALUE OF ANY PART OF THE PROPERTY MAY BE LESSENED.
GRANTOR WILL PRESERVE, PROTECT, RENEW, EXTEND AND RETAIN ALL MATERIAL RIGHTS AND
PRIVILEGES GRANTED FOR OR APPLICABLE TO THE PROPERTY.
WITHOUT THE PRIOR WRITTEN
CONSENT OF HOLDER, THERE SHALL BE NO DRILLING OR EXPLORATION FOR OR EXTRACTION,
REMOVAL OR PRODUCTION OF ANY MINERAL,
15
HYDROCARBON, GAS, NATURAL ELEMENT, COMPOUND OR SUBSTANCE (INCLUDING SAND AND
GRAVEL) FROM THE SURFACE OR SUBSURFACE OF THE LAND REGARDLESS OF THE DEPTH
THEREOF OR THE METHOD OF MINING OR EXTRACTION THEREOF.
GRANTOR WILL CAUSE ALL
DEBTS AND LIABILITIES OF ANY CHARACTER (INCLUDING ALL DEBTS AND LIABILITIES FOR
LABOR, MATERIAL AND EQUIPMENT (INCLUDING SOFTWARE EMBEDDED THEREIN) AND ALL
DEBTS AND CHARGES FOR UTILITIES SERVICING THE PROPERTY) INCURRED IN THE
CONSTRUCTION, MAINTENANCE, OPERATION AND DEVELOPMENT OF THE PROPERTY TO BE
PROMPTLY PAID.
(N)
FURTHER ASSURANCES.
GRANTOR WILL, PROMPTLY
ON REQUEST OF HOLDER, (I) CORRECT ANY DEFECT, ERROR OR OMISSION WHICH MAY BE
DISCOVERED IN THE CONTENTS, EXECUTION OR ACKNOWLEDGMENT OF THIS DEED OF TRUST OR
ANY OTHER LOAN DOCUMENT; (II) EXECUTE, ACKNOWLEDGE, DELIVER, PROCURE AND RECORD
AND/OR FILE SUCH FURTHER DOCUMENTS (INCLUDING FURTHER DEEDS OF TRUST, SECURITY
AGREEMENTS, AND ASSIGNMENTS OF RENTS OR LEASES) AND DO SUCH FURTHER ACTS AS MAY
BE NECESSARY, DESIRABLE OR PROPER TO CARRY OUT MORE EFFECTIVELY THE PURPOSES OF
THIS DEED OF TRUST AND THE OTHER LOAN DOCUMENTS, TO MORE FULLY IDENTIFY AND
SUBJECT TO THE LIENS AND SECURITY INTERESTS