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has priority over this Instrument, including Trustor's covenants to make payments when due. Trustor
<br />will pay all taxes, assessments and other charges, fines and impositions attributable to the Security
<br />which may attain a priority over this Deed of Trust, by Trustor malting any payment, when due,
<br />directly to the payee thereof. Trustor will promptly furnish to the Beneficiary all notices of amounts
<br />due under this paragraph, and in the event Trustor makes payment directly, Trustor will promptly
<br />discharge any lien which has priority over this Deed of Trust; provided that Trustor will not be
<br />required to discharge the lien of the Deed of Trust securing any senior lender or any other lien
<br />described in this paragraph so long as Trustor will agree in writing to the payment of the obligation
<br />secured by such lien in a manner acceptable to the Beneficiary, or will, in good faith, contest such
<br />lien by, or defend enforcement of such lien in, legal proceedings which operate to prevent the
<br />enforcement of the lien or forfeiture of the Security or any part thereof.
<br />6. Hazard Insurance. Trustor will peep the Security insured by such insurance policies
<br />in such amounts and for such periods as called for in the Agreement. All insurance policies and
<br />renewals thereof will include a standard mortgagee clause with standard lender's endorsement in
<br />favor of the holder of any senior lender and the Beneficiary as their interests may appear and in a
<br />form acceptable to the Beneficiary. The Beneficiary shall have the right to hold, or cause its
<br />designated agent to hold, the policies and renewals thereof, and Trustor shall promptly furnish to the
<br />Beneficiary, or its designated agent, the original insurance policies or certificates of insurance, all
<br />renewal notices and all receipts of paid premiums. In the event of loss, Trustor will give prompt
<br />notice to the insurance carrier and the Beneficiary or its designated agent. The Beneficiary, or its
<br />designated agent, may make proof of loss if not made promptly by Trustor. The Beneficiary shall
<br />receive 30 days' advance notice of cancellation of any insurance policies required under this Section.
<br />Unless the Beneficiary and Trustor otherwise agree in writing, insurance proceeds, subject to
<br />the rights of any senior lender, will be applied to restoration or repair of the Security damaged,
<br />provided such restoration or repair is economically feasible and the security of this Deed of Trust is
<br />not thereby impaired. If such restoration or repair is not economically feasible or if the security of
<br />this Deed of Trust would be impaired, again, subject to the rights of any senior lender, the insurance
<br />proceeds will be used to repay the grant under this Deed of Trust, with the excess, if any, paid to
<br />Trustor. If the Security is abandoned by Trustor, or if Trustor fails to respond to the Beneficiary, or
<br />its designated agent within 30 days from the date notice is mailed by either of them to Trustor that
<br />the insurance carrier offers to settle a claim for insurance benefits, the Beneficiary, or its designated
<br />agent, is authorized to collect and apply the insurance proceeds at the Beneficiary's option either to
<br />restoration or repair of the Security or to repay the Loan.
<br />If the Security is acquired by the Beneficiary, all right, title and interest of Trustor in and to
<br />any insurance policy and in and to the proceeds thereof resulting fiom damage to the Security prior to
<br />the sale or acquisition will pass to the Beneficiary to the extent of the sums secured by this Deed of
<br />Trust immediately prior to such sale or acquisition subject to the rights of any senior lender.
<br />7. Preservation and Maintenance of Security. Trustor will beep the Security in good
<br />repair and will not commit waste or permit impairment or deterioration of the Security.
<br />8. Protection of the Beneficiary's Security. If Trustor fails to perform the covenants and
<br />agreements contained in this Deed of Trust or if any action or proceeding is commenced which
<br />materially affects the Beneficiary's interest in the Security, including, but not limited to, default
<br />under this Deed of Trust securing any senior lender, eminent domain, insolvency, code enforcement,
<br />or arrangements or proceedings involving a bankrupt or decedent, then the Beneficiary, at the
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