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<br />19. INSURANCE. Trustor shall ke�p Property insured against loss'by f�re, flood, theft and other hazards and
<br />risks reasonably associated with the Property due to its type and �oca 'on. lfiis insurauce shall be maintained
<br />in the amounts and for the periods that Beneficiary reqiures. .�VVha� Beneficiary requires pursuant to the
<br />preceding two sentences can change during the term of the Secured Debt. The insurance carrier providing
<br />the insurance shall be chosett by Trustor subject to Beneficiary'� app,coval, which shall not be unreasonably
<br />withheld. If Trustor fails to maintain the coverage described above, Beneficiary may, at Beneficiary's option,
<br />obtain coverage to protect Beneficiary's rights in the �ropert� ac�ording to the terms of this Security
<br />Instrument.
<br />All insurance policies and renewals shall be acceptable to �eneficiary�and sha(I include a standard "mortgage
<br />clause" and, where applicable, "Ioss payee clause." �rustorl shall immediately notify Beneficiary of
<br />cancellation or termination of the insurance. Beneficiary shall have the right to hold the policies and
<br />renewals. If Beneficiary requires, Trustor shall immediately give 'to Beneficiary all receipts of paid premiums
<br />and renewal notices. Upon loss, Trustor shall give immedi�te not�ce t� the insurance carrier and Beneficiary.
<br />Beneficiary may make proof of loss if not made immediately by Tnistor.�
<br />Unless otherwise agreed in writing, all insurance proceeds shall lje applied to the restoration or repair of the
<br />Progerty or to the Secured Debt, whether or not then due, a� Be�ieficiary's option. Any application of
<br />proceeds to principal shall not extend or postpone the due dat� of the scheduled payment nor change the
<br />amount of any payment. Any excess will be paid to the Gtantor.l If tl#�e Property is acquired by Beneficiary,
<br />Trustor's right to any insurance policies and proceeds r�sulting frolm damage to the Property before the
<br />acquisition shall pass to Beneficiary to the extent of the Secuked Debt iminediately before the acquisition.
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<br />20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise prot�ided in a sepazate agreement, Trustor
<br />will not be required to pay to Beneficiary funds for taxes an� insurance ih escrow.
<br />Zl. FINANCIAL REPORTS AND ADDITIONAL DOCUNCENTS. Triistor will provide to Beneficiary upon
<br />request, any financial statement or information Beneficiary: may deem �reasonably necessary. Trustor agrees to
<br />sign, deliver, and file any additional documents or certifiCations I that i Beneficiary may consider necessary to
<br />perfect, continue, and preserve Grantor's obligations under this, Security Instrument and Beneficiary's lien
<br />status on the Property. ;
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<br />22. JOINT AND INllIVIDUAL LIABII.ITY; CO-SIGNERS; SU�CE AND ASSIGNS BOUND. All
<br />duties under this Security Instrument are joint and indivi$ual. If Tr�istor signs this Security Instrument but
<br />does not sign an evidence of debt, Trustor does so only� to moirtgage Trustor's interest in the Property to
<br />secure payment of the Secured Debt and Trustoz does not agree td be personaliy liable on the Secured Debt. If
<br />this Security Instivment secures a guaranty between Beneficiary and� Trustor, Trustor agrees to waive any
<br />rights that may prevent Beneficiary from bringing any actfon or !clai� against Trustor or any party indebted
<br />under the obligation. These rights may include, but aze nof limited to,! any anti-deficiency or one-action laws.
<br />Trustor agrees that Beneficiary and any party to this Seci�rity Instru�ent may extend, modify or make any
<br />change in the terms of this Security Instrument or any evidenc� of ,¢ebt without Trustor's consent. Such a
<br />change will not release Trustor from the terms of this S�curity , Instrument. The dudes and benefits of this
<br />Security Instrument shall bind and benefit the successors and assigus of Trustor and Beneficiary.
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<br />23. APPLICABLE LAW; SEVERABII.ITY; INTERPRET�ITION. T�is Security Instrument is govemed by
<br />the laws of the jurisdiction in which Beneficiary is locat�d, ex�ept �,o the extent otherwise required by the
<br />laws of ihe jurisdiction where the Property is located,' This ;Secu�'ity Instrument is complete and fully
<br />integrated. This Security Instrument may not be amended or modifiedl by oral agreement. Any section in this
<br />Security Instrument, attachments, or any agreement related to tbe Sec+ured Debt that conflicts with applicable
<br />law will not be effective, unless that law expressly or impliedly pezmits the variations by written agreement.
<br />If any section of this Security Instrument cannot be enfbrced accor,ding to its terms, that section will be
<br />severed and will not af.Fect the enforceabitity of the remainder qf thi� Security Instrument. Whenever used,
<br />the singulaz shall include the plural and the plural the singular. '�he �aptions and headings of the sections of
<br />this Security Instrument are for convenience only and are not to be us�d to interpret or define the terms of this
<br />Security Instrument. Time is of the essence in this Security Instrunnent.
<br />24. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's �ption,i ma}� from time to time remove Trustee and
<br />appoint a successor trustee without any other formality than the c�esigtiadon in writing. The successor trustee,
<br />without conveyance of the Property, shall succeed to all the title, � power and duties conferred ugon Trustee by
<br />this Security Instrument and applicable law.
<br />25. NOTICE. Unless otherwise required by law, any notice ''shall lie giuen by delivering it or by mailing it by
<br />first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other
<br />address designated in writing. Notice to one trustor will be dee;ned to be notice to all trustors. Trustor and
<br />Beneficiary hereby request a copy of any notice of defauIt, and a copy of any notice of saie thereunder, be
<br />mailed to each party at the address for such party set forth on page �� 1 of this Security Instrument.
<br />26. WAIVERS. Except to the extent prohibited by law, i Trustqr w�ives all appraisement and homestead
<br />exemption rights relating to the Property. ' '
<br />Security Instrument-Consumar-NE � flE-DT-NE 711/201 t
<br />VMP�BenkeraSyatemsTM VMP-C1861NE) (17071.�0
<br />Woltera Kluwer Finencial Servicea OO 1994, 2011 , Pega 6 of 8
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