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� 201201058 <br /> 19. INSURANCE. Trustor shall keep Property insured against loss by ffre, flood, theft and other haz�rds and <br /> risks reasonably associated rvith the Property due to its rype and location.This insutance shall be maintained <br /> in the amounis and for the periods thaE Beneficiary requires. What Becreficiary requires pursuant to tke <br /> preceding rivo sentences can change duriag the term of the Secured Debt. The insura�e carrier providing <br /> the insurance shall be chosen by Trustor subject to Beneficaary's approval, wluch shail not be unreasonably <br /> withheld. If Trustor fails to maintain the coverage described abave,Beneficiazy u�ay,at Beneficiary's option, <br /> obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Secarity <br /> Inshwnent. <br /> All insurance poJicies and renewals shall be acoeptable to Beneficiary and shall include a standard "mortgage <br /> clause" and, where applicable, "Ioss payee clause." Trustor shall immediately nadfy Ben�ciary of <br /> Cancellation or tcrmiqation of the insurance. Beneficiary shall have the right to hold the policies and <br /> renewaIs. If Beneficiary requires,Trustor shall immediatety give to Beneficiary all receipts of paid premiums <br /> and renewal notices. Upon lass,Trustor shall give immediate notice to the insurance carrier and Beneficiary. <br /> BeneSciary may make proof of loss if not made immediately by Trustor. <br /> Unless atherwise agteed in writing,all insurance proceeds shall be'applied to the restoration or repair of the � <br /> Property or to the Secured Debt, wbether or not tlten due, at Bene6ciary's opiion. Any application of <br /> proceeds to principal shall not extend or postpone the due date of the scheduled payment t�or change the <br /> annount of any payment. Any excess will k,e paid to the Grantor. If the Property is acquired by Beneficiary, <br /> Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the <br /> acquisition sball pass to Bene�iciary to the extent of tfie Secured Debt itnmediately before the acquisition. <br /> 20. �SC120W FOR TAXES AND INSiJRANCE. Unless otherwise provzdai in a.separate agreement, Trustor <br /> will not be required to pay to Bene�iciary funds for taJCes and insurance in escrow. <br /> 21. FINAIVCIAL REPORTS AND ADDTP[ONAL DOCtIME1VTS. Trustor will pxovide to Bepeficiary upon <br /> request,any financial statement or informatioa Hen�ciary may deem teasonably necessary.Trustor agrees to <br /> sign, deliver,and 51e any addstionai dcewnents or certificarions that Beneficiary nnay consider necessary to <br /> perfect, continue, and preserve Grantor's obligations under this Securiry Instrument and Beneficiary's lien <br /> status on the Property. <br /> 22. JOINT AND INDT'VIDUAL LIABILII'Y; Ca-SIGNERS; SUCCFS50RS AND ASSIGNS 80UND. All <br /> dudes under this Security Inskvment aze joint and individual. If Trustoz signs this Security Instrument but <br /> does not siga an evidence of debt, Trustor dces so only to mortgage Trustor's interest in the Property m <br /> secure payment of the Secured Debt and Trustor does not agree to be personally liable oti the Seew[ed Debt.If <br /> this Security Instrunttent aecures a guaranty between Heneficiary and Trustor, Trustor agrees to waive any <br /> rights ihat may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted <br /> undcr the obligation. These rights may include,but aze not limited to,any anti-de�iciency or one-action laws. <br /> Trustor agrees that Beneficiary and any party to this Securiry Instivment may exiend, modify or make any <br /> change in the terms of this Security Instrument or any evidence of debt without Trustor's consent. Such a <br /> change will not release Trustor &om the tezms of this Security Instrument. The duties and benefits of tivs <br /> 5ecuriry Instrument shall bind and benefit the successors and assigns of Trustor and BeneSciary. <br /> 23. APPLICABLL� LAW; SEVEitABIL1T1'; TNTERPI2ETA7TQN. This Securiry Insuvment is governed by <br /> the laws of the jurisdiction in wluch Beneficiary is located, excepf Lo the extent othezwise requircd by the <br /> laws of the jurisdicdon where the Property is located. This Security Instrument is complete and fully <br /> integrated. This Security Tnstrument may not be amended or modified by ora3 agreement. Any seciion in this <br /> Security Instrument, attachmenrs, or any agreement related to the Secured Debt that confliets with applica6le <br /> law will not be effective, tuiless that law expressly or impliedly perrnits Ihe variations by writien agreernent. <br /> If any section of this Security Instrument cannot be enforced according to its terms, that section will be <br /> severed and will not affect the enforceabiliey of the remainder of this Security Instrument. Whenever used, <br /> the singulaz shall include the plural and the plural the singular. The capdons and headings of the sections of <br /> this Security Insawnent are for convenience only and aze not to be used to interpret or defi�the terms of this <br /> Security Instrument.Time is of ihe essence in this Security Ins[rumetrt. <br /> 24. SUCCESSOR TRUSTEE. Beneficiary, at BeneSciary's option,may from time to time remove Trustee and <br /> appoint a successoz trustee without any other formality than rhe designaticm in writing.The successor trustee, <br /> without conveyance of the Property,shall succeed to all the title,power and duties confeired upon Trustee by <br /> this Security Insuvment and applicable law. <br /> 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by <br /> first elass maii to the appmpriate party's address on page 1 of this Securiry Instrumeot, or to any other <br /> address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. Trustor and <br /> Beneficiary hereby request a copy of any notice of default, and a copy of any notice of sale thereunder, be <br /> mailed to each party at the address for such party set fnrth on page 1 of this Security Instrument. <br /> 26. WAIVERS. F.lccept to the axtent prohibited by law, Trustor waives all appraisement a� homesiead <br /> exemption rights relating to the Propetty. <br /> SecurkvinstrumenaCansumer•NE RE-DT-NE 7/7/2011 <br /> YMP�Bankern SyatamsTM � VMP-Ct 66INE1 11107I,90 <br /> weNen puwer Financsl5ervices�7994,2017 Pape 5 of 8 <br /> �� <br /> � <br />