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(the "Loan Proceeds") solely for purposes authorized by the City Documents Trustor <br /> covenants that it shall keep the Land and Improvements in good repair and condition, <br /> and from time to time shall make necessary repairs, renewals and replacements thereto <br /> so that the Property shall be preserved and maintained Trustor covenants that it shall <br /> comply with all federal, state and local laws, regulations, ordinances and rules <br /> applicable to the Property and the Project, including without limitation all applicable <br /> requirements of state and local building codes and regulations, all applicable Prevailing <br /> Wage Laws, and all applicable statutes and regulations relating to accessibility for the <br /> disabled Trustor shall not remove, demolish or materially alter any Improvement <br /> without Beneficiary's consent, shall complete or restore promptly and in good and <br /> workmanlike manner any building, fixture or other improvement which may be <br /> constructed, damaged, or destroyed thereon, and shall pay when due all claims for <br /> labor performed and materials furnished therefor Trustor shall use the Land and the <br /> Improvements solely for purposes authorized by the City Documents and the Ground <br /> Lease, shall not commit or allow waste of the Property, and shall not commit or allow <br /> any act upon or use of the Property which would violate any applicable law or order of <br /> 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 City Documents or the Ground Lease. <br /> 7 6 Restrictions on Conveyance and Encumbrance, Acceleration It shall be <br /> an Event of Default hereunder if the Property or the Improvements, or any part thereof <br /> or interest therein is sold, assigned, conveyed, transferred, hypothecated, leased, <br /> licensed, or encumbered in violation of the City Documents or the Ground Lease or if <br /> any other Transfer (as defined in the Loan Agreement) occurs in violation of the City <br /> Documents or the Ground Lease If any such Transfer shall occur in violation of such <br /> requirements, without limiting the provisions of Section 8 hereof, all obligations secured <br /> by this Deed of Trust, irrespective of the maturity dates of such obligations, shall at the <br /> option of Beneficiary, and without demand, immediately become due and payable, <br /> subject to any applicable cure period <br /> 7.7 Inspections: Books and Records Beneficiary and its agents and <br /> representatives shall have the right at any reasonable time upon reasonable notice to <br /> enter upon the Land and inspect the Property to ensure compliance with the City <br /> Documents Trustor shall maintain complete and accurate books of account and other <br /> records (including copies of supporting bills and invoices) adequate to document the <br /> use of the Loan Proceeds and the operation of the Property, together with copies of all <br /> written contracts, Leases and other instruments which affect the Property. The books, <br /> records, contracts, Leases and other instruments shall be subject to examination and <br /> inspection by Beneficiary at any reasonable time following at least two business days <br /> prior notice <br /> 7 8 Charges, Liens, Taxes and Assessments. Trustor shall pay before <br /> delinquency all taxes, levies, assessments and other charges affecting the Property that <br /> are (or if not paid may become) a lien on all or part of the Property Trustor may, at <br /> Trustor's expense, contest the validity or application of any tax, levy, assessment or <br /> 7 <br /> OAK #4847-7399-4286 v5 <br />