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38 <br /> THE PROPERTY OWNERS COVENANT AND AGREE with the Deed of Trust <br /> Trustee and the County(and their respective heirs, successors and assigns), in consideration of <br /> the foregoing, as follows: <br /> 1. Security Provided By This Deed of Trust <br /> 1-1 Security for Payment and Performance. This Deed of Trust secures the <br /> payments, as and when the same shall become due and payable, of all amounts payable by <br /> NONPROFIT CORPORATION under the Loan Documents and <br /> NONPROFIT CORPORATION's timely compliance with all terms, covenants <br /> and conditions of the Loan Documents. ,NONPROFIT CORPORATION shall <br /> pay the obligations as and when the same shall become due and payable in the manner set forth <br /> in the Loan Documents, and shall comply in all respects with all of the terms, covenants, and <br /> conditions contained in the Loan Documents. <br /> 1-2 , NONPROFIT CORPORATION's Continuing Obligations. <br /> The ,NONPROFIT CORPORATION shall remain liable for full performance of <br /> all its covenants under the Loan Documents,notwithstanding the occurrence of any event or <br /> circumstances whatsoever, including any of the following: <br /> (a) Any act or omission by the Company, or the Company's waiver of any right <br /> granted or remedy available to it; <br /> (b) The forbearance or extension of time for payment or performance of any obligation <br /> under the Loan Documents, whether granted to the ,NONPROFIT j <br /> CORPORATION, the Property Owners or any other person; <br /> (c) The sale or release of all or part of the Mortgaged Property or the release of the <br /> Property Owners or any party who assumes all or any part of such performance; or <br /> (d) Another party's assumption of the ,NONPROFIT <br /> CORPORATION's obligations under the Loan Documents. <br /> I <br /> 3 <br /> 2. Property Owners' Other Covenants <br /> 2-1 Title Covenants. Property Owners covenant with the Deed of Trust Trustee and <br /> the County that the they are seized of and have the right to convey the Mortgaged Property in fee <br /> simple, that the Mortgaged Property is free and clear of all liens and encumbrances other than the <br /> Existing Encumbrances listed in Exhibit B, that title to the Mortgaged Property is marketable, <br /> and that the Property Owners will forever warrant and defend title to the Mortgaged Property <br /> against the claims of all persons. <br /> 2-2 Prevention of Liens. The Property Owners will not suffer any mechanic's, j <br /> materialman's, laborer's, statutory or other lien to be created and to remain outstanding upon all <br /> or any part of the Mortgaged Property. Property Owners shall pay all taxes, assessments, <br /> charges, fines and impositions attributable to the Mortgaged Property which can attain priority <br /> over this Deed of Trust. <br /> i <br /> 3 <br /> I <br />