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payment directly, Trustor will promptly discharge any lien that has priority over this Deed of Trust;
<br />provided that Trustor will not be required to discharge the lien of the Deed of Trust securing any
<br />senior lender or any other lien described in this paragraph so long as Trustor will agree in writing to
<br />the payment of the obligation secured by such lien in a manner acceptable to the Beneficiary, or will,
<br />in good faith, contest such lien by, or defend enforcement of such lien in, legal proceedings, which
<br />operate to prevent the enforcement of the lien or forfeiture of the Security, or any part thereof.
<br />6. Hazard Insurance. Trustor will keep 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 favor
<br />of the holder of any Senior Lender and the Beneficiary as their interests may appear and in a form
<br />acceptable to the Beneficiary. The Beneficiary shall have the right to hold, or cause its designated
<br />agent to hold, the policies and renewals thereof, and Trustor shall promptly furnish to the Beneficiary,
<br />or its designated agent, the original insurance policies or certificates of insurance, all renewal notices
<br />and all receipts of paid premiums subject to the rights of any senior lender. In the event of loss,
<br />Trustor will give prompt notice to the insurance carrier and the Beneficiary or its designated agent.
<br />The Beneficiary, or its designated agent, may make proof of loss if not made promptly by Truster,
<br />The Beneficiary shall receive thirty (30) days advance notice of cancellation of any insurance policies
<br />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 loan secured by 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 thirty (30) days from the date notice is mailed by either of them to Trustor
<br />that the insurance carrier offers to settle a claim for insurance benefits, the Beneficiary, or its
<br />designated agent, is authorized to collect and apply the insurance proceeds at the Beneficiary's option,
<br />either to 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 from damage to the Security prior
<br />to the sale or acquisition, will pass to the Beneficiary to the extent of the suras secured by this Deed
<br />of Trust itmnediately prior to such sale or acquisition, subject to the rights of any senior lender.
<br />7. Preservation and Maintenance of Security. Trustor will keep the Sectiuity in good
<br />repair and will not commit waste or permit impairment or deterioration of the Security.
<br />S. 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 conwleaced that
<br />materially affects the Beneficiary's interest in the Security, including, but not limited to, default under
<br />the Deed of Trust securhlg any serrior lender, eminent domain, insolvency, code enforcement, or
<br />arrangements or proceedings involving a banlmiptcy or decedent, then the Beneficiary, at the
<br />Beneficiary's option, upon notice to Trustor, may make such appearances, disburse such sums and
<br />take such action as it determines necessary to protect the Beneficiary's interest, including, but not
<br />limited to, disbursement of reasonable attorneys' fees and entry upon the Security to mance repairs.
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