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tax, assessment, charge or levy so long as (a) the legality thereof shall be promptly and actively <br />contested in good faith and by appropriate proceedings, and (b) Trustor maintains reserves <br />adequate to pay any liabilities contested pursuant to the terms hereof, and in accordance with <br />generally accepted accounting principles. With respect to special assessments or other similar <br />governmental charges, Trustor shall pay such amount in whole or in installments over a period of <br />years. <br />2. Insurance. Trustor agrees to provide insurance covering one hundred percent <br />(100%) of the replacement cost of all insurable items within the Property in the event of fire, <br />lightning, debris removal, windstorm, flood, vandalism, malicious mischief, theft, mysterious <br />disappearance and hazards, casualties and contingencies as are normally and usually covered by <br />all-risk policies in effect in the locality where the Property are situated. All such insurance <br />policies and coverages (i) shall be maintained at Trustor's sole cost and expense so long as any <br />part of the amounts secured by this Deed of Trust have not been paid, and (ii) shall be with <br />insurers of recognized responsibility and in form and substance satisfactory to the Beneficiary, <br />(iii) shall name Beneficiary as additional insured, and (iv) shall contain a provision to the effect <br />that the insurer shall not cancel the policy or modify it materially and adversely to the interests of <br />Beneficiary without first giving at least thirty (30) days' prior written notice thereof. Certificates <br />of insurance for all of the above insurance policies showing the same to be in full force and <br />effect shall be delivered to the Beneficiary upon demand therefor at any time prior to the <br />Expiration Date. Should the Property be determined to be in a Flood Zone, Trustor is required to <br />purchase Flood Insurance for the Property. <br />ARTICLE IV. DAMAGE, DESTRUCTION OR CONDEMNATION <br />1. Damage and Destruction If, prior to the Expiration Date, the Property or any portion <br />thereof is destroyed (in whole or in part) or is damaged by fire or other casualty, the Trustor shall <br />(a) cause any insurance proceeds arising from insurance referred to herein and any other <br />coverage acquired by the Trustor to be used to promptly rebuild and replace the Property, and (b) <br />repair and replace the Property as necessary to bring the Property into conformity with the <br />standards of construction and operation characteristic of residences of size, character, and quality <br />similar to the Property. There shall be no abatement in, and Trustor shall be obligated to <br />continue to pay, the amounts payable under this Deed of Trust. <br />2. Condemnation. If title to or any interest in or the temporary use of the Property or any <br />part thereof shall be taken under the exercise of the power of eminent domain by any <br />governmental body or by any person, firm or corporation acting under governmental authority, <br />including any proceeding or purchase in lieu thereof, the proceeds as a result of such taking shall <br />be paid as provided by the law of the State of California to all persons or entities as their interests <br />appear of record. <br />ARTICLE V. REPRESENTATIONS, COVENANTS AND WARRANTIES OF THE <br />TRUSTOR <br />1. Defense of Title. The Trustor covenants that it is lawfully seized and possessed of title in <br />