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Borrower agrees that any conveyance of its interest in the Property shall have the effect of transferring to the grantee all of Borrower's interest in and all its rights to the Fund without further act on the part of Borrower, and that in refunding all or any part of the Fund, the Agency may deal with whomever is represented to be the owner of the Property. The collection by the Agency, pursuant to the terms of this paragraph, of monthly installments to cover taxes, assessments, levies, charges and insurance premiums may be suspended or terminated by the Agency at any time upon written notice sent to the owner of the Property, such collection being solely for the added protection and benefit of the Agency and entailing no responsibility on the Agency's part other than to apply sums actually received by it and to pay interest on sums held by it as provided in the Deed of Trust. 4.5 Payment and Discharge of Liens. Borrower will pay, when due, all claims of every kind and nature which might or could become a lien on the Property or any part thereof and will not at any time create or allow to exist any lien on the Property or any part thereof of any kind or nature other than this Deed of Trust; provided, however, that the following are excepted from this prohibition: (a) liens for taxes and assessments which are not delinquent although by law are given the status of a lien, and (b) such of the above claims as are, and only during the time they are, being contested by Borrower in good faith and by appropriate legal proceedings. Borrower shall post security for the payment of these contested claims as may be requested by the Agency. 4.6 Rights of Agency to Remedy Defaults. If Borrower defaults in payment of any tax, assessment, lien, claim, insurance premium, or any other proper charge, in whole or in part, or defaults in the performance of any of the Secured Obligations, the Agency at any time and from time to time, with or without notice to or demand upon Borrower, may make such payments or perform any such acts required of Borrower, to such extent and in any form or manner deemed expedient by the Agency, and pay any other sums, expenses and charges, including attorney's fees, necessary to protect the Property and the lien of this Deed of Trust, without incurring any obligation so to do or releasing Borrower from any obligations and without waiving or curing any default. The Agency shall be the sole judge of the validity, priority, and amount of any such tax, assessment, lien, premium, claim or charge so paid by it and the necessity for the performance by the Agency of any such obligation which Borrower was required but failed to perform. The Agency, at its option, shall be subrogated to any tax, assessment, lien, premium, claim or charge which it has paid under these provisions and any such subrogation rights shall be additional and cumulative security to those set forth in the Secured Obligations. CHFA 52P 6/1/88 V01642 -5-