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<br />e <br /> <br />e <br /> <br />91217997 <br /> <br />2. Application of Payments. All payments under paragraph 1 shall be <br />applied: first, to any interest due; and second, to any principal due. <br /> <br />3. Charges-Liens. Borrower shall pay all taxes, assessments, charges, fines <br />and impositions attributable to the Property which may attain priority over this Security <br />Instrument. Borrower shall pay these obligations on time directly to the person owed <br />payment. <br /> <br />Borrower shall promptly discharge any other lien which shall have attained <br />priority over this Security Instrument unless Borrower: (a) agrees in writing to the <br />payment of the obligation secured by the lien in a manner acceptable to Lender; (b) <br />contests in good faith the lien by, or defends against enforcement of the lien in, legal <br />proceedings which in the Lender's opinion operates to prevent the enforcement of the <br />lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender <br />subordinating the lien to this Security Instrument. If Lender determines that any part <br />of the Property is subject to a lien which may attain priority over this Security <br />Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall <br />satisfy such lien or take one or more of the actions set forth above within ten (10) days <br />of the giving of notice. <br /> <br />4. Subordination. Except as specifically set forth in this paragraph 4, <br />Borrower may not subordinate this Security Instrument to any other deed of trust, <br />promissory note, lien or other such similar document without first obtaining prior <br />written approval of Lender. <br /> <br />Lender agrees to subordinate to a deed of trust provided that Lender maintains <br />a minimum second Deed of Trust position and provided that the total loan to value ratio <br />does not exceed eighty percent (80%) of the Fair Market Value of the Property. <br /> <br />Lender agrees that at any time during the life of the Promissory Note secured by <br />this Deed of Trust upon written request of the Borrower, his/her heirs, assigns or future <br />owners of the Property secured by the Deed of Trust, to provide any assistance <br />reasonably requested to produce a full and complete record of the documentation <br />subordinating this Deed of Trust and the Promissory Note secured hereby as may be <br />within the possession of or obtainable by the Lender. <br /> <br />5. Hazard or Property Insurance. Borrower shall keep the improvements <br />now existing or hereafter erected on the Property insured against loss by fire, hazards <br /> <br />Mission Bell Retrofit <br />Deed of Trust <br />July 24, 1997 <br /> <br />Page 3 of 10 <br />