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and /or the City u,..er this Deed of Trust, and that certain document entitled "California Housing Finance Agency, Regulatory Agreement, CHFA Development No. 87- 007 -N: (the "Regulatory Agreement ") executed between the Borrower and the Agency and imposed on the Property and all the Loan Documents as such term is defined in such Regulatory Agreement (all of which are the "Secured Obligations "). 4. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, BORROWER AND THE CITY AGREE: 4.1 Maintenance of the Property. (a) To keep the Property in a decent, safe, sanitary, rentable and tenantable condition and repair and permit no waste thereof; (b) not to commit or suffer to be done or exist on or about the Property any condition causing the Property to become less valuable; (c) not to construct any buildings or improvements on the Property, other than the buildings and improvements contemplated in the Loan Documents or add to, remove, demolish or structurally alter any buildings and improvements now or hereinafter located on the Property; (d) to repair, restore or rebuild promptly any buildings or improvements on the Property that may become damaged or be destroyed while subject to the lien of this Deed of Trust; (e) to comply with all applicable laws, ordinances and governmental regulations affecting the Property or requiring any alteration or improvement thereof, and not to suffer or permit any violations of any such law, ordinance or governmental regulation, nor of any covenant, condition or restriction affecting the Property; (f) not to initiate or acquiesce in any change in any zoning or other land use or legal classification which affects any of the Property without the Agency's prior written consent; and (g) not to alter the use of all or any part of the Property without the prior written consent of the Agency. 4.2 Insurance. To keep the Property insured, with loss payable to the Agency, against loss or damage by fire and such other hazards, casualties and contingencies and by such companies, on such forms and in such amounts as the Agency may from time to time require, and to deliver the original of all such policies to the Agency, together with receipts satisfactory to the Agency evidencing payment of the premiums. All such policies shall provide that the Agency shall be given thirty (30) days' advance written notice of the cancellation, expiration or termination of any such policy or any material change in the coverage afforded by it. Renewal policies and any replacement policies, together with premium receipts satisfactory to the Agency, shall be delivered to the Agency at least thirty (30) days prior to the expiration of existing policies. Neither Trustee nor the Agency shall by reason of accepting, rejecting, approving or obtaining insurance incur any liability for the existence, nonexistence, form or legal sufficiency of such insurance, or solvency of any insurer for payment of losses. CHFA 52P(RIDGE VIEW /SECOND) -3- 12/19/89 Q02253