PAYMENT OF THE RESPECTIVE IMPOSITION.
INSURANCE. GRANTOR WILL, AT GRANTOR'S OWN EXPENSE, OBTAIN AND MAINTAIN AND KEEP
IN FULL FORCE AND EFFECT INSURANCE UPON AND RELATING TO THE MORTGAGED PROPERTY
IN SUCH AMOUNTS AND COVERING SUCH RISKS AS SHALL BE REQUESTED BY AND
SATISFACTORY TO BENEFICIARY, FROM TIME TO TIME.
PAYMENT FOR LABOR AND MATERIALS. SUBJECT TO THE APPLICABLE PROVISIONS OF THIS
DEED OF TRUST, GRANTOR WILL PROMPTLY PAY ALL BILLS FOR LABOR, MATERIALS, AND
SPECIFICALLY FABRICATED MATERIALS INCURRED IN CONNECTION WITH THE MORTGAGED
PROPERTY AND NEVER PERMIT TO EXIST IN RESPECT OF THE MORTGAGED PROPERTY OR ANY
PART THEREOF ANY LIEN OR SECURITY INTEREST, EVEN THOUGH INFERIOR TO THE LIENS
AND SECURITY INTERESTS HEREOF, FOR ANY SUCH BILL, AND IN ANY EVENT NEVER PERMIT
TO BE CREATED OR EXIST IN RESPECT OF THE MORTGAGED PROPERTY OR ANY PART THEREOF
ANY OTHER OR ADDITIONAL LIEN OR SECURITY INTEREST ON A PARITY WITH, SUPERIOR, OR
INFERIOR TO ANY OF THE LIENS OR SECURITY INTERESTS HEREOF, EXCEPT FOR THE
PERMITTED EXCEPTIONS.
FURTHER ASSURANCES AND CORRECTIONS. FROM TIME TO TIME, AT THE REQUEST OF
BENEFICIARY, GRANTOR WILL (I) PROMPTLY CORRECT ANY DEFECT, ERROR, OR OMISSION
WHICH MAY BE DISCOVERED IN THE CONTENTS OF THIS DEED OF TRUST OR IN ANY OTHER
LOAN DOCUMENT OR IN THE EXECUTION OR ACKNOWLEDGMENT THEREOF; (II) EXECUTE,
ACKNOWLEDGE, DELIVER, RECORD AND/OR FILE SUCH FURTHER INSTRUMENTS (INCLUDING,
FURTHER DEEDS OF TRUST,
Deed of Trust - Page 11
SECURITY AGREEMENTS, FINANCING STATEMENTS, CONTINUATION STATEMENTS AND
ASSIGNMENTS OF RENTS) AND PERFORM SUCH FURTHER ACTS AND PROVIDE SUCH FURTHER
ASSURANCES AS MAY BE NECESSARY, DESIRABLE, OR PROPER, IN BENEFICIARY'S OPINION,
TO CARRY OUT MORE EFFECTIVELY THE PURPOSES OF THIS DEED OF TRUST AND THE LOAN
DOCUMENTS AND TO SUBJECT TO THE ABSOLUTE ASSIGNMENTS, LIENS AND SECURITY
INTERESTS HEREOF AND THEREOF ANY PROPERTY INTENDED BY THE TERMS HEREOF OR
THEREOF TO BE COVERED HEREBY OR THEREBY, INCLUDING WITHOUT LIMITATION, ANY
RENEWALS, ADDITIONS, SUBSTITUTIONS, REPLACEMENTS, OR APPURTENANCES TO THE
MORTGAGED PROPERTY; (III) EXECUTE, ACKNOWLEDGE, DELIVER, PROCURE, FILE, AND/OR
RECORD ANY DOCUMENT OR INSTRUMENT (INCLUDING WITHOUT LIMITATION, ANY FINANCING
STATEMENT) DEEMED ADVISABLE BY BENEFICIARY IN BENEFICIARY'S SOLE DISCRETION TO
PROTECT THE LIENS AND THE SECURITY INTERESTS HEREIN GRANTED AGAINST THE RIGHTS
OR INTERESTS OF THIRD PERSONS; AND (IV) PAY ALL COSTS CONNECTED WITH ANY OF THE
FOREGOING.
STATEMENT OF UNPAID BALANCE. AT ANY TIME AND FROM TIME TO TIME, GRANTOR WILL
FURNISH PROMPTLY, UPON THE REQUEST OF BENEFICIARY, A WRITTEN STATEMENT OR
AFFIDAVIT, IN FORM SATISFACTORY TO BENEFICIARY, STATING THE UNPAID BALANCE OF
THE INDEBTEDNESS AND THAT THERE ARE NO OFFSETS OR DEFENSES AGAINST FULL PAYMENT
OF THE INDEBTEDNESS AND THE TERMS HEREOF, OR IF THERE ARE ANY SUCH OFFSETS OR
DEFENSES, SPECIFYING THEM.
EXPENSES. GRANTOR WILL PAY ON DEMAND ALL REASONABLE AND BONA FIDE OUT-OF-POCKET
COSTS, FEES, AND EXPENSES AND OTHER EXPENDITURES, INCLUDING, BUT NOT LIMITED TO,
REASONABLE ATTORNEYS' FEES AND EXPENSES, PAID OR INCURRED BY BENEFICIARY OR
TRUSTEE TO THIRD PARTIES INCIDENT TO THIS DEED OF TRUST OR ANY OTHER LOAN
DOCUMENT