RESPECT OF ANY OF THE INTERESTS, PURSUANT TO THE RELATED MASTER LEASE OR
OTHERWISE, TO THE EXTENT ANY SUCH RELEASE OR FORBEARANCE WOULD DIMINISH OR
OTHERWISE IMPAIR THE SECURITY OF THE MORTGAGED PROPERTY, SHALL RELEASE GRANTOR
FROM ANY OF ITS OBLIGATIONS UNDER THIS DEED OF TRUST, INCLUDING ITS OBLIGATIONS
WITH RESPECT TO THE PAYMENT OR THE PERFORMANCE OF ALL OF THE APPLICABLE TERMS,
PROVISIONS, COVENANTS, CONDITIONS AND AGREEMENTS CONTAINED HEREIN.
1.4
COMPLIANCE WITH LAWS.
GRANTOR, AT ITS COST AND EXPENSE SHALL
PROMPTLY COMPLY WITH ALL LAWS, ORDERS, RULES AND REGULATIONS OF ANY AND ALL
GOVERNMENTAL AUTHORITIES AND AGENCIES HAVING JURISDICTION OVER THE USE OR
OCCUPANCY OF ANY PART OF THE MORTGAGED PROPERTY OR THE CONSTRUCTION OF ANY AND
ALL IMPROVEMENTS THEREON, INCLUDING WITHOUT LIMITATION, ALL BUILDING, ZONING,
ENVIRONMENTAL, SAFETY AND HEALTH AND SANITATION LAWS, ORDERS, RULES AND
REGULATIONS, SUBJECT TO SECTION 1.8 HEREOF AS TO ENVIRONMENTAL MATTERS. GRANTOR
SHALL PROMPTLY COMPLY WITH ANY AND ALL REQUIREMENTS OF ANY INSURER OF ANY
PORTION OF THE MORTGAGED PROPERTY AND ANY AND ALL RULES AND REGULATIONS OF ANY
INSURANCE COMMISSION OR BOARD OF FIRE UNDERWRITERS HAVING JURISDICTION OVER THE
MORTGAGED PROPERTY.
GRANTOR, AT ITS COST AND EXPENSE, SHALL PROCURE AND
CONTINUOUSLY MAINTAIN IN FULL FORCE AND EFFECT ALL PERMITS, LICENSES AND OTHER
AUTHORIZATIONS REQUIRED FOR CONSTRUCTION OF IMPROVEMENTS, FOR ANY PERMITTED USE
OF THE MORTGAGED PROPERTY OR ANY PART THEREOF THEN BEING MADE AND FOR THE LAWFUL
AND PROPER INSTALLATION, OPERATION AND MAINTENANCE OF THE PREMISES. GRANTOR
SHALL NOT USE OR PERMIT TO BE USED ANY PART OF THE MORTGAGED PROPERTY FOR ANY
UNLAWFUL, DANGEROUS, NOXIOUS OR OFFENSIVE USE OR BUSINESS AND WILL NOT CAUSE OR
MAINTAIN ANY NUISANCE ON THE MORTGAGED PROPERTY. IF GRANTOR RECEIVES NOTICE FROM
ANY FEDERAL, STATE OR OTHER GOVERNMENTAL AUTHORITY THAT IT IS NOT IN COMPLIANCE
WITH ANY SUCH LAW, ORDER, RULE OR REGULATION, GRANTOR WILL PROVIDE BENEFICIARY
WITH A COPY OF SUCH NOTICE PROMPTLY, SUBJECT TO SECTION 1.8 HEREOF AS TO
ENVIRONMENTAL MATTERS.
1.5
TAXES AND OTHER CHARGES.
(A)
TAXES AND ASSESSMENTS.
SUBJECT TO THE PROVISIONS OF THIS SECTION
1.5, GRANTOR SHALL PAY, OR CAUSE TO BE PAID, PROMPTLY WHEN DUE AND BEFORE
PENALTY OR INTEREST ACCRUE THEREON, ALL TAXES, ASSESSMENTS, RATES, DUES,
CHARGES, FEES, LEVIES, FINES, IMPOSITIONS, LIABILITIES, OBLIGATIONS AND
ENCUMBRANCES OF EVERY KIND WHATSOEVER, FORESEEN OR UNFORESEEN, ORDINARY OR
EXTRAORDINARY, THAT NOW OR AT ANY TIME HEREAFTER MAY BE IMPOSED, LEVIED OR
ASSESSED UPON OR
8
against the Mortgaged Property or any part thereof, or upon or against this Deed
of Trust or the Obligations secured hereby, or upon or against the interest of
Beneficiary in the Mortgaged Property, as well as all income taxes, assessments
and other governmental charges levied and imposed by the United States of
America or any state, county, municipality or other taxing authority upon or
against Grantor or in respect of the Mortgaged Property or any part thereof;
provided, however, that Grantor may, at its expense, in good faith, by
appropriate proceedings duly instituted and diligently prosecuted (including
without