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2023 CDBG Subrecipient Agreement <br />Deed of Trust <br />Exhibit “E” <br /> <br />Page 2 of 7 <br /> <br /> <br /> <br />encumbrances impairing the security of this Deed of Trust, subject to the Grantor’s right to <br />contest such taxes, assessments, and other charges in good faith. <br /> <br />3. To keep all buildings now or hereafter erected on the Property described herein continuously <br />insured against loss by fire or other hazards in an amount not less than the total debt secured by <br />this Deed of Trust. All policies shall be held by the Beneficiary and be in such companies as the <br />Beneficiary may approve and have loss payable first to the Beneficiary, as its interest may appear, <br />and then to the Grantor. Subject the amount collected under any insurance policy may be applied <br />upon any indebtedness hereby secured in such order as the Beneficiary shall determine. Such <br />application by the Beneficiary shall not cause discontinuance of any proceedings to foreclose this <br />Deed of Trust. In the event of foreclosure, all rights of the Grantor in insurance policies then in <br />force shall pass to the purchaser at the foreclosure sale. <br /> <br />4. To defend any action or proceeding purporting to affect the security hereof or the rights or powers <br />of Beneficiary or Trustee, and to pay all costs and expenses, including cost of title search and <br />attorneys’ fees in a reasonable amount, in any such action or proceeding, and in any suit brought <br />by Beneficiary to foreclose this Deed of Trust. <br /> <br />5. To pay all costs, fees and expenses in connection with this Deed of Trust, including the expenses <br />of the Trustee incurred in enforcing the obligation secured hereby and Trustee’s and attorneys’ <br />fees actually incurred, as provided by statute. <br /> <br />6. Should Grantor fail to pay when due any taxes, assessments, insurance premiums, liens, <br />encumbrances or other charges against the Property hereinabove described, Beneficiary may pay <br />the same, and the amount so paid, with interest at the rate set forth in the Note secured hereby, <br />shall be added to and become a part of the debt secured in this Deed of Trust. <br /> <br />IT IS MUTUALLY AGREED THAT: <br /> <br />1. Except as otherwise set forth in the Loan Agreement or the Note, in the event any portion of the <br />Property is taken or damaged in an eminent domain proceeding, the entire amount of the award <br />or such portion as may be necessary to fully satisfy the obligation secured hereby, shall be paid <br />to Beneficiary to be applied to said obligation. <br /> <br />2. By accepting payment of any sum secured hereby after its due date, Beneficiary does not waive <br />its right to require prompt payment when due of all other sums so secured or to declare default <br />for failure to so pay. <br /> <br />3. The Trustee shall reconvey all or any part of the Property covered by this Deed of Trust to the <br />person entitled thereto on written request of the Grantor and the Beneficiary, or upon <br />satisfaction of the obligation secured and written request for reconveyance made by the <br />Beneficiary or the person entitled thereto. <br /> <br />4. Upon the occurrence of default by Grantor in the payment of any indebtedness secured hereby <br />or in the performance of any agreement contained herein, all sums secured hereby shall, at the