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20110943� 19. INSURANCE. Trustor shall keep Property insured against loss by fire, flood theft and ott►er hazards and risks reasonabty associated with the Progerty due to its type and locacion. This insurance shall be maintained in the amounu and for the periods that Beneficiary requires. What Beneficiary requires pursuant to the preceding two aente�es can change during the temi of the Secured I?ebt. The insurance carrier providing the insurance shall be chosen by Trusror subject to Beneficiary's approval, which shall not bE unreasonably withheld. If Trustor tails to malntain the coverage described above, Beneficiary may, at Beneficiary's optioa, obtain covenge to protect Beneficiary's rights in the Property according to the terms of this Security IIIB[CUnIC/1t. All insurancc policies and renewals shall be acceptable to Beneflciary a�l shall include a standazd "mortgage clause" and, where applicable, °losa gayee clause." Trustor shall immediately notify Beaeficiary of cancellation or termination of the inaurance. BeaeSciary shall have the night to hold the policies and renewals. If BeneSciary requires, Trustor ahall immediately give to Beneflciary all receipts of paid premiums and renewal notices. Upon loss, Trustor shall give immediate notice to the insurance carrier and Beneficiary. Beaeficiary may make proof of loss if not made immediately by Trustor. Unless otherwise agreed in writing, all inaurazue proceeds shall be appFied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's opdon. Any application of proceeds to principal shall not extead or postpone the due date of the scheduled payiuent nor change the aznount oF any payment. Any excess will be paid to the Grantor. If the Properry. is acquired by HeneSciary, Trustor's right to any ins�rance policias and procceds resulting from damage to the Properiy before the acquisition shall pasa to Heneficiary to the extent of the Secured Debt immediately before rhe acquisidan. 20. ESCROW FOR TAXES A1VD INSURANCE. Unless otherwise provided 'm a separate agrecment, Trustor will not be required to pay W Beneflciary fimds for taxes and insurance in escrow. 21. FINANCIAL REPORT3 AND ADDITIONAL DOCI7MEN'PS. Trusror will provide to Beneficiary upon request, any financial statement or information Beneflciary may deem reasonably necessary. Trustor agrees w sign, deliver, and file any additional documents or certi5cations that Heneficiary tnay consider necessary to petfect, continue, and preserve, Grantor's obHgattons under this Security Instrument sud Bene6ciary's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABII.ITY; CO-SIGNERS; SUCCESSOlt3 AND ASSIGNS BOl1ND. All duNes under this Securiry Insuument are joint and 'mdivldual. If Trustor signs this Securiry Instrument but daes not sign an evidence of debt, Tn�.ctor does so only to mor[gage Trustor's interest in the Property to secure gayment of the Secured Debt and Trusror does not agree to be personally liable on the Secured Uebt. If Uris Sexurity Instrument secures a guaranty between Beneficiary and Trustor, Troswr agrees to waive any rights that may prevent Beneficiary from bringiag any action or claim against Tn�stor or any party 9ndebted under the obligation. These righta may include, but are not limited to, any anti-deficiency or one-acuon laws. Trustor agr� that Beneficisry aad any party to this Seauity Instrument may extend, modify or make any change in the terms of this Security Insmiment or azry evidence of debt withouc Trustor's consen[. Such a change will not release Trustor from the tenns of chis Security Instntment. The duties a� benefits of this Security Iastrument shall bind ami benefit the successors and assigns of Trnstor end Beneftciary. 23. APPI.ICABLE T.AW; SEVERABILITY; INTERPRETATION. This Sec�rity Instrument is governed by the laws of the jurisdicdon in which BeneHciary is located, except to the extent otherwise required by t6e laws of the jurlsdiction where the Properry is located. This Securiry Instrumem is complete and fully integnted. This S�urity Inauvment may not be av►e�ied or modified by oral agree;ment. Any section in this Security Instrument, aaachments, or any agreement related to the Secured Debt that conflicts w3th applicable law will not be eff�tive, unlesa fl�at law expressly or impliedly permits the variations by written agreement. If any section of this Security Instnunent cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Inshument. Whenever used, the sing►ilar shall include the plural and the plural the aingulaz. The c�ptions and headings of the sections of this Security Instrumeat are for convenience only and are not to be used to incerpret or define the terms of this Security Instrument. Time is of the essence ia this 3ecurity Instrument. 2d. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's opdon, atay from time to time remove Trustee a�l appoint a successor trustee without atry other formaliry tb.an the designadon in writing. The successor trustee, without conveyance of the Property, shall aucceed to all the title, power and duties conferred upon Tn�stee by this Security Insuvment and appflcabla law. 25. NOTICE. Unless otherwise required by law, any notice shall be given by deliverimg it or by mail'mg it by first class mail to the appropriate party's address on page 1 of this Security Inatrument, or to any other address designated in writing. Notice to one uvator will be deem� w be nottce to all uustors. Trustor and Beneficiary hereby r�uest a copy of any nodce of default, and a copy of any notice of sale thereunder, be mailed to each party at the addr�s for auch party set forth on page 1 of this Security Insuvment. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement az�d homestead exemption rights relating w the Property. VMp��Bankmtr�s Blret�n,wfe+mar•NE Wcitera Itluwer Flnanaiai 8ervlaes �1994. 20i1 REAT•NE 711Y1011 VMP-CI BBINEI 111071.� Page 8 016 �