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DocuSign Envelope ID:847BA5A1-CA01-4305-A31D-3C3DABB304E8 <br /> for completed sale for all services performed by him hereunder. Lender may bid and become the <br /> purchaser at any sale under this Deed of Trust. At any such sale, Trustee may at its election require <br /> the successful bidder to immediately deposit with Trustee cash or certified check in an amount <br /> equal to all or any part of the successful bid and notice of such requirement need not be included <br /> in the advertisement of the notice of such sale. <br /> Borrower covenants with Trustee and Lender(and their respective heirs, successors and <br /> assigns) as follows: <br /> 1. Taxes. Borrower shall pay all taxes, charges and assessments,which may become a lien <br /> upon the Premises before any penalty or interest accrues thereon and shall promptly deliver to <br /> Lender official receipts evidencing payment thereof. <br /> 2. Insurance. Borrower shall continually maintain insurance against loss by fire, hazards <br /> included within the term "extended coverage", and such other hazards, as Lender may require, <br /> including flood, rent loss and business interruption, in such manner and in such companies as <br /> Lender may from time to time require on the improvements now or hereafter located on the <br /> Premises and in such amounts satisfactory to Lender, but at no time less than the outstanding <br /> indebtedness secured by this Deed of Trust and any other lien against the Premises,plus an amount <br /> sufficient to prevent any co-insurance liability of the Borrower or Lender,Borrower shall promptly <br /> pay all premiums when due and deliver official receipts to Lender evidencing such payment. <br /> All insurance policies and renewals thereof shall be held by Lender and have attached <br /> thereto a loss payable clause in favor of and in form acceptable to Lender and provide that no such <br /> policy can be canceled without ten (10) days prior notice to Lender or materially amended <br /> (including any reduction in the scope or limits of coverage) without Lender's prior written <br /> approval. All policies of insurance shall contain an endorsement or agreement by the insurer that <br /> any loss shall be payable in accordance with the terms of such policy notwithstanding any act of <br /> negligence of Borrower which might otherwise result in forfeiture of such insurance and the further <br /> agreement of the insurer waiving all rights of setoff, counterclaim or deductions against the <br /> Borrower. <br /> In the event of loss, Borrower shall give immediate notice by mail to Lender who may <br /> make proof of loss if not made promptly by Borrower. Each insurance company is hereby <br /> directed to make payment for such loss directly to Lender (instead of to Borrower and <br /> Lender jointly). Unless Lender and Borrower otherwise agree in writing, insurance <br /> proceeds shall be applied, at Lender's option, to the debt secured by this Deed of Trust or <br /> to the repair or restoration of the Premises. <br /> If the insurance proceeds are applied to the debt, it may be applied upon the portion last <br /> falling due or in such other manner as Lender may desire. <br /> In the event of foreclosure of this Deed of Trust or other transfer of title to or assignment <br /> of the Premises in extinguishment of the indebtedness secured hereby, all right, title and interest <br /> of Lender in any such insurance policies then in force shall pass to the grantee of the Premises. <br /> 28 <br />