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6. Prior Mortgages antl Deeds of crust; Charges; liens. Borrouer shall perform ell of gorrower's obligations uMer any
<br />prior deetl of trust and any other prior liens. Borrouer shall pay all taxes, assessments ant ocher charges, tines antl
<br />impositions attributable to (he property which may have Or attain a priority over this Deed at Trust, end leasehold payments
<br />ar ground rents, it any, in the manner set out in paragraph 23 (Escrow funds for cases eM (nsurence) or, (f not required to
<br />be paitl in such manner, by Borrouer making payment when due, directly to the payee thereat. Despite the foregoing, Borrower
<br />shell not be required to make payments otherwise required by this paragraph i1 Borrouer, after notice to LeM¢r, shall in goad
<br />faith conies[ such obligation by, or defeM enforcement of such obligation in, legal proceedings which operate [o prevent the
<br />enforcement of the obligation or forfeiture of the Property or any port [hereof, only upon Borrouer making all such contested
<br />payments ant other payments es Ordered by the court to the registry of the court in which such proceetlinga ere filed.
<br />7. Property Insurance. Borrouer shell keep the imyrovemenis now existing or hereafter erected on the Property insured
<br />ages nst loss by fire or hazards including within .the term "ezteMetl cOVeragea in an amount at least equal to the lesser of (1)
<br />the insurable value of the Property or (2) an enaunt sufficient to pay the suns secured by this Deed of Trust as cell es any
<br />prior a«udNances on [ne Property. All of the foregoing shall be known as "Property Insurance".
<br />the insurance carrier providing the insurantt shell be qualified [o write Property Insurance in Colorado and shall be
<br />chosen by Borrouer subject to Lender's right to reject the chosen carrier for reasonable cause. All insurance policies antl
<br />renewals thereof shnll include a standard mortgage clause in favor of Lender, and shall provide chat the insurance carrier
<br />sh¢4 notify Lender at least ten (10) days before cancellation, fermi nation or any material change of coverage. )nsurance
<br />policies shell be furnished to Lender at or before closing. Larder shall have the right to hold the policies and renewals
<br />thereof.
<br />In the event of lass, Borrouer shall give prmry[ notice to the insurance carrier ant Lender. Lender may make proof of
<br />loss if not mode promptly by Borrower.
<br />Insurance proceMS shell be applied to restoration or repair of the Property damaged, provided such restoration or repair
<br />is econani tally feasible antl the security of [his Deed of Trust is not thereby impaired. If such restoration Or repair is not
<br />ecamm~ically feasible or if the security of this DeM of Trust would be impaired, the insurance proceeds shall be applied to
<br />the suns secured by this Deed of Trust, wiM the excess,if any, paid to Borrower. If the Property ie abandoned by Borrower,
<br />or if Borrower fails to respond to Lender within 30 days from the date notice ie given in accordance with paragraph 16
<br />(Notice) by lender [o Borrouer [hat [he insurance carrier of tars to cattle B claim fOr insurance benefits, Lender is
<br />ouch orized to collet[ end Oppty the insurance proceeds, at Lender's option, either to, restoration or repair of the PrOper[y
<br />or to the suns secured by this Deed of crust.
<br />Any such application of proceeds to principal shall not extend or postpme the tlue date of the installments referred to
<br />in paragraphs 4 (Pe)rcent of Principal antl InteresU antl 23 (Escrow Funds for saxes and Insurance) or change the amount of such
<br />installments. uo[ui[hstarding anything herein to the contrary, if under paragraph 18 (Acceleration; foreclosure; Ocher
<br />Remedies) the Property is acquired Dy Larder, all ri ghq title antl interest of Borrower in ant [o any insurance policies antl
<br />in and to the proceeds Hereof resulting from damage to the Property prior to the sale or acquisition shell puss i0 Lender to
<br />[he extent of the suns secured by this Deed of Trust imaedia [ely prior to such sale or acW isition.
<br />All Of the rights of BnrfOwer Bnd Lender her<ulldef with respect t0 InSUrente tar rl era, insUrBnCe pOllcle8 0tb inBUfanc<
<br />proceeds are subject to the rigors of any holder of a prior deed of trust with respect to said insurance carriers, policies
<br />antl proceeds.
<br />8. Preservation and Main[enence of Property. Borrower shall keep the Property in good repair and shall nO[ comoi[ waste
<br />ar permit impairment or deterioretien of the Property ant shall comply with the provisions of any tease if this Deerl of Trust
<br />is on a leasehold. OorrOwer shell perform all of Borrower's obligations uMer any d«leratians, covenants, by-laws, rules, or
<br />other docunenis governing [he use, ownership or occupancy of the Property.
<br />9. Protec[iOn o/ Lender's Security. Except when BOrrawer has ezercisetl Borrower's rights order paragraph 6 above, if the
<br />OorrOwer fails to perform the covenants end agreements contained in this Decd of Trusq or if a default occurs in a prior
<br />lien, or if any action or proceeding is commenced which materially affects Lender's interest in the Property, then larder, at
<br />Cantle is option, with notice to Borrouer if requirM by tau, may make such appearances, disburse such suns ant take such
<br />action as is necessary to protect Lerder•s interest, incfudi ng, but not limited to, disbursement of reasonable attorney's fees
<br />ant entry upon the Property ro make repairs. Borrouer hereby assigns t0 Lender any right Borrouer may have by reason of any
<br />pri Or entuMrance on [he Properly or by tau or otherwise to cure any default antler said prior encurorence.
<br />Any amounts disbursed by Lender Wrsuant to this paragraph 9, with interest [hereon, shall 6ecann additional iMebtedness
<br />of Borrower secured by this Ueed of Trust. Such amOwts sfiall be payable upon notice from Lender to Borrouer requesting
<br />payment thereof, antl Lender may bring suit to collect any amounts so disbursed plus interest specified in paragraph 28 (Note;
<br />Other Obligations Securetl). Nothing con[ainetl in this paragraph 9 shall require Center to incur any expense or take any
<br />action hereunder.
<br />10. Inspection. LaMar may make or cause to be made reasonable entries upon and inspection of She Property, provided
<br />[hat Lender shall give Borrouer notice prior to any such inspection specifying reasonable cause therefor related to lender's
<br />interest in [ne Property.
<br />11. Condemnation. the proceeds Of any award or claim for tlamages, direct or consequential, in correction with any
<br />cOMenna(ian or other taking of the Property, or part thereof, or for conveyance in lieu of cardemnation, are hereby essi goad
<br />ant shell 6< paid to Lender as herein provided. However, ell of the rights of Borrouer end Lentler hereunder with respect to
<br />such proceeds ore subject to ire rigors of any holder of a prior deed of [runt.
<br />In event of a [oral taY.ing of the Property, the proceeds shall be applied to the suns secured by this Dled of Trust, with
<br />the excess, if any, paid to Borrouer. In the event a4 a partial taking of the Property, the proceeds remaining Biter taking
<br />out any part of the avard tlue any prior lien holder (net award) shall be divided between Lender antl Borrower, in the same
<br />ratio as the a aunt of the sums secured by this Oeetl of Trust inmediately prior to the date of taking bears to Borrower's
<br />equity in the Property immediately prior t0 [he date of taking. Borrower's equity in [he Property means [he fair market value
<br />of the Property less the amount of suns securetl by both this Deed of Trust ant all prior liens (except taxes) The[ are to
<br />receive any of [he avard, alt at Me value imnedia[ely prior m the date of taking.
<br />If [he property is abandoned by Borrower, or if, of ter notice by Larder to Borrouer that the coMemror offers to make an
<br />award or settle a claim for damages, OOrrower faits to respwsd [o Center within 30 tlays alter the date cuch notice is gWen,
<br />Lender is authorized to collect ant apply the proceeds, at Lender's option, either to restored on or repair Of Me Property or
<br />to the suns secured by this Deed of crust.
<br />Any such application of pr«eeds m principal shall not aslant or postpone the due date of Me installments referred to
<br />in paragraphs G (PdynMn[ of Principal eM InteresU ant 23 (Escrow Furls for saxes eM Insurance) nor change the amovri of
<br />awtn inatallmenta.
<br />12. Borrower Not Released. Extension of the time for payment or motlificatian of amOrtiza[i on of the suns secured by chic
<br />Deed of Trust granted by Lender to any successor in interest of Borrouershall no[ operate to release, in any roomer, the
<br />fiabilify Of the original Borrower, nor Borrower's successors in interes [, from [he original terms of this Decd of Trust-
<br />Lender shall n0[ be requirM Io commence praceetlings against such successor or refuse to extent time for payment or otherwise
<br />mMify amortization of the suns secured by this Beetl of irus[ by reason of any demand made by the original Borrouer nor
<br />Borrower's successors i interest.
<br />13. forbearance by Lender Not a waiver. Any forbearance by LeMer in ezerc ising any right or remetly hereunder, or
<br />otherwise afforded by tau, shall not be a waiver or preclude the ezercise of amy such right or remetly.
<br />iL. Remedies Curulative. Each remedy providetl in the Nate and this Oeed of Trust is distinct from ant cola lative to all
<br />other rights or remedies under the No[e ant this Oeetl of irus[ or afforded by tau ar equity, and may be exercised
<br />concurrently, independently or successively.
<br />15. Succ essOrs nM Assigns BauM; Join[ and Several Liability; Captions. the covenants end agreements herein contained
<br />shall bi M, and the rights hereunder shall inure to, the respective successor ant esaigns of Lender ant Borrower. All
<br />covenants antl agreements of Borrouer snail be joint eM several. The captions ant headings of the paragraphs in [his Oeetl of
<br />crust are for convenience only ant ere na[ to be used [o interpret or define the provisions hereof.
<br />16. Notice. Except for any notice requiretl by tau t0 be given in another roamer, (a) airy notice to Borrouer providetl for
<br />in this Deed of Trust shall be in writing eM shall be given and be a/fec[ive u(bn (1) delivery to Borrouer or (2) mailing
<br />such notice by /irgt-class U.S. mail, edtlressetl to Borrower at Borrower's address stated herein or et such other atltlress as
<br />Borrouer may designate by notice to Lender as provided here(n, ant (bl any notice to tender shall be in writing and shall DQ
<br />given eM be effective upon (i) delivery Io lender or (2) mailing such n0[ice by first-class U.a. mail, to larder's address
<br />stated herein or to such other adtlress as LeMer may designate by notice to Borrouer se providetl herein. Arty notice provided
<br />far in Mss Deed of Trust shall be deemed to have been given to Borrouer Or Lender when pivm in arty mercer designated hares n.
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