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the Property. The books, records, contracts, Leases and other instruments shall be subject to
<br /> examination and inspection by Beneficiary at any reasonable time following two business days
<br /> prior notice. The books, records, contracts, Leases, records, documents,and other
<br /> instrumentssubject to examination and inspection as described herein shall be,to the fullest
<br /> extent permitted by law, exempt from public disclosure.
<br /> 7.8 Charges, Liens, Taxes and Assessments. Trustor shall pay before delinquency all
<br /> taxes, levies, assessments and other charges affecting the Property that are (or if not paid may
<br /> become) a lien on all or part of the Property. Trustor may, at Trustor's expense, contest the
<br /> validity or application of any tax, levy, assessment or charge affecting the Property by
<br /> appropriate legal proceedings promptly initiated and conducted in good faith and with due
<br /> diligence,provided that(i)Beneficiary is reasonably satisfied that neither the Property nor any
<br /> part thereof or interest therein will be in danger of being sold, forfeited, or lost as a result of such
<br /> contest, and (ii) Trustor shall have posted a bond or furnished other security as may reasonably
<br /> be required from time to time by Beneficiary; and provided further that Trustor shall timely
<br /> make any payment necessary to prevent a lien foreclosure, sale, forfeiture or loss of the Property.
<br /> Trustor shall immediately discharge or cause to be discharged any lien on the Property
<br /> (other than encumbrances approved by Beneficiary as of the date hereof in writing). Trustor
<br /> shall pay when due each obligation secured by or reducible to a lien, charge or encumbrance
<br /> which now does or later may encumber or appear to encumber all or part of the Property or any
<br /> interest in it,whether or not such lien, charge or encumbrance is or would be senior or
<br /> subordinate to this Deed of Trust. Trustor shall not be required to pay any tax, levy, charge or
<br /> assessment so long as its validity is being actively contested in good faith and by appropriate
<br /> actions and/or proceedings.
<br /> 7.9 Subrogation. Beneficiary shall be subrogated to the liens of all encumbrances,
<br /> whether released of record or not,which are discharged in whole or in part by Beneficiary in
<br /> accordance with this Deed of Trust.
<br /> 7.10 Hazard, Liability and Workers' Compensation Insurance. At all times during the
<br /> term hereof, Trustor shall at Trustor's expense, maintain insurance policies in accordance with
<br /> the requirements set forth in the Loan Documents. Trustor shall file with Beneficiary prior to the
<br /> commencement of the term hereof, certificates (or such other proof as Beneficiary may
<br /> reasonably require, including without limitation copies of the required insurance policies)
<br /> evidencing each of the insurance policies and endorsements thereto as required pursuant to the
<br /> Loan Documents, and such certificates (or policies) shall provide that at least thirty(30)days'
<br /> prior written notice shall be provided to Beneficiary prior to the expiration, cancellation or
<br /> change in coverage under each such policy. If any insurance policy required pursuant to the
<br /> Loan Documents is canceled or the coverage provided thereunder is reduced, Trustor shall,
<br /> within ten (10) days after receipt of written notice of such cancellation or reduction in coverage,
<br /> but in no event later than the effective date of cancellation or reduction, file with Beneficiary a
<br /> certificate showing that the required insurance has been reinstated or provided through another
<br /> insurance company or companies. Upon failure to so file such certificate, Beneficiary may,
<br /> without further notice and at its option,procure such insurance coverage at Trustor's expense,
<br /> and Trustor shall promptly reimburse Beneficiary for such expense upon receipt of billing from
<br /> Beneficiary.
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