OR
CONTEMPLATED BY GRANTOR OR, TO THE BEST KNOWLEDGE, INFORMATION AND BELIEF OF
GRANTOR, AGAINST GRANTOR OR BY OR AGAINST ANY ENDORSER, COSIGNER OR GUARANTOR OF
THE NOTE.
COMPLIANCE WITH LEGAL REQUIREMENTS. TO THE BEST KNOWLEDGE, INFORMATION AND
BELIEF OF GRANTOR, THE LAND AND THE INTENDED USE THEREOF BY GRANTOR COMPLY WITH
ALL LEGAL REQUIREMENTS, INCLUDING, ALL APPLICABLE RESTRICTIVE COVENANTS, ZONING
ORDINANCES, SUBDIVISION AND BUILDING CODES, FLOOD DISASTER LAWS, APPLICABLE
HEALTH AND ENVIRONMENTAL LAWS AND REGULATIONS AND ALL OTHER ORDINANCES, ORDERS
OR REQUIREMENTS ISSUED BY ANY STATE, FEDERAL OR MUNICIPAL AUTHORITIES HAVING OR
CLAIMING JURISDICTION OVER THE MORTGAGED PROPERTY.
SEPARATE TAX PARCEL; LEGAL LOT. THE LAND, ARE TAXED SEPARATELY WITHOUT REGARD TO
ANY OTHER REAL PROPERTY AND THE LAND CONSTITUTES A LEGALLY SUBDIVIDED LOT UNDER
ALL APPLICABLE LEGAL REQUIREMENTS (OR, IF NOT SUBDIVIDED, NO SUBDIVISION OR
PLATTING OF THE LAND IS REQUIRED UNDER APPLICABLE LEGAL REQUIREMENTS), AND FOR
ALL PURPOSES MAY BE MORTGAGED, CONVEYED OR OTHERWISE DEALT WITH AS AN
INDEPENDENT PARCEL.
Deed of Trust - Page 10
AFFIRMATIVE COVENANTS
Grantor hereby unconditionally covenants and agrees with Beneficiary, until the
entire Indebtedness shall have been paid in full and all of the Obligations
shall have been fully performed and discharged as follows:
PAYMENT AND PERFORMANCE. GRANTOR WILL PAY THE INDEBTEDNESS AS AND WHEN SPECIFIED
IN THE LOAN DOCUMENTS, AND WILL PERFORM AND DISCHARGE ALL OF THE OBLIGATIONS, IN
FULL AND ON OR BEFORE THE DATES THE SAME ARE TO BE PERFORMED.
EXISTENCE. GRANTOR WILL AND WILL CAUSE EACH CONSTITUENT PARTY TO PRESERVE AND
KEEP IN FULL FORCE AND EFFECT ITS EXISTENCE (SEPARATE AND APART FROM ITS
AFFILIATES), GOOD STANDING, RIGHTS, FRANCHISES, TRADE NAMES, TRADEMARKS AND
OTHER ASSOCIATED GOODWILL WHETHER EXISTING AT COMMON LAW OR AS A FEDERAL OR
STATE REGISTRATION.
COMPLIANCE WITH LEGAL REQUIREMENTS. GRANTOR WILL PROMPTLY AND FAITHFULLY COMPLY
WITH, CONFORM TO, AND OBEY ALL LEGAL REQUIREMENTS, WHETHER THE SAME SHALL
NECESSITATE STRUCTURAL CHANGES IN, IMPROVEMENTS TO, OR INTERFERE WITH THE USE OR
ENJOYMENT OF, THE MORTGAGED PROPERTY.
FIRST LIEN STATUS. GRANTOR WILL PROTECT AND PRESERVE THE FIRST LIEN AND SECURITY
INTEREST STATUS OF THIS DEED OF TRUST AND THE OTHER LOAN DOCUMENTS AND WILL NOT
PERMIT TO BE CREATED OR TO EXIST IN RESPECT OF THE MORTGAGED PROPERTY OR ANY
PART THEREOF ANY LIEN OR SECURITY INTEREST ON A PARITY WITH, SUPERIOR TO, OR
INFERIOR TO ANY OF THE LIENS OR SECURITY INTERESTS HEREOF, EXCEPT FOR THE
PERMITTED EXCEPTIONS.
PAYMENT OF IMPOSITIONS. SUBJECT TO THE APPLICABLE SECTIONS OF THIS DEED OF
TRUST, GRANTOR WILL DULY PAY AND DISCHARGE, OR CAUSE TO BE PAID AND DISCHARGED,
THE IMPOSITIONS NOT LATER THAN THE EARLIER TO OCCUR OF (I) THE DUE DATE THEREOF,
(II) THE DATE ANY FINE, PENALTY, INTEREST, OR COST MAY BE ADDED THERETO OR
IMPOSED, OR (III) THE DATE PRIOR TO ANY DATE ANY LIEN MAY BE FILED FOR THE
NONPAYMENT THEREOF (IF SUCH DATE IS USED TO DETERMINE THE DUE DATE OF THE
RESPECTIVE ITEM), AND GRANTOR SHALL DELIVER TO BENEFICIARY A WRITTEN RECEIPT
EVIDENCING THE