Laserfiche WebLink
r ' <br /> or pending condemnation, eminent domain, or similar proceedings affecting the Land or <br /> any portion thereof; (iv) Trustor has not received any notice from any insurer of defects <br /> of the Property which have not been corrected; (v) there are no natural or artificial <br /> conditions upon the Land or any part thereof that could result in a material and adverse <br /> change in the condition of the Land; (vi) all information that Trustor has delivered to <br /> Beneficiary, either directly or through Trustor's agents, is accurate and complete; and <br /> (vii) Trustor or Trustor's agents have disclosed to Beneficiary all material facts <br /> concerning the Property. <br /> 7.3 Authority. Trustor represents and warrants that this Deed of Trust and all <br /> other documents delivered or to be delivered by Trustor in connection herewith: (a) <br /> have been duly authorized, executed, and delivered by Trustor; (b) are binding <br /> obligations of Trustor; and (c) do not violate the provisions of any agreement to which <br /> Trustor is a party or which affects the Property. Trustor further represents and warrants <br /> that there are no pending, or to Trustor's knowledge, threatened actions or proceedings <br /> before any court or administrative agency which may adversely affect Trustor's <br /> ownership of the Property. <br /> 7.4 Payment and Performance of Secured Obligations. Trustor shall <br /> promptly pay and perform all obligations of Trustor arising in connection with the <br /> Secured Obligations in accordance with the respective terms thereof. <br /> 7.5 Use of Loan Proceeds; Preservation and Maintenance of Property; <br /> Compliance with Laws. Trustor covenants that it shall use the Loan Proceeds solely for <br /> purpose of financing the Project in accordance with the Loan Agreement. Trustor shall <br /> keep the Land and Improvements in good repair and condition, and from time to time <br /> shall make necessary repairs, renewals and replacements thereto so that the Property <br /> shall be preserved and maintained. Trustor covenants to comply with all federal, state <br /> and local laws, regulations, ordinances and rules applicable to the Property and the <br /> Project, including without limitation all applicable requirements of state and local <br /> building codes and regulations, Prevailing Wage Laws, and all applicable statutes and <br /> regulations relating to accessibility for the disabled. Trustor shall not remove, demolish <br /> or materially alter any Improvement without Beneficiary's consent, shall complete or <br /> restore promptly and in good and workmanlike manner any building, fixture or other <br /> improvement which may be constructed, damaged, or destroyed thereon, and shall pay <br /> when due all claims for labor performed and materials furnished therefor. Trustor shall <br /> use the Land and Improvements solely for purposes authorized by the Loan <br /> Documents, shall not commit or allow waste of the Property, and shall not commit or <br /> allow any act upon or use of the Property which would violate any applicable law or <br /> order of any governmental authority, nor shall Trustor bring on or keep any article on the <br /> Property or cause or allow any condition to exist thereon which could invalidate or which <br /> would be prohibited by any insurance coverage required to be maintained on the <br /> Property pursuant to the Loan Documents. <br /> 7.6 Reserved. <br /> 7.7 Inspections; Books and Records. Beneficiary and its agents and <br /> 1177360-0 6 <br />