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201204019 18. CONDEMNATION. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public entities to purchase or take any or- all of the Property through condemnation, eminent donini.n, or any other means. Trustor authorizes Beneficiary to intervene. in Trustor's name in any of the above described actions or claims. Trustor assigns to Beneficiary the proceeds of any award or claim for dmnages connected with a cGrider elation or othcr taking of all or any part of the Properly. ,Such proceeds shall be considered payments and will fie applied as provided in this Security Inst€-untent. '1'Iris assignment of proceeds is subject to the terms of any prior mortgage, decd of trust, security agreeniont or other lien document. 19. INSURANCE. Trustor shalt keep Property insured against loss by fire, flood, theft and other hazards arid risks reasonably associated with the. Property due to its type and location. This insurance shall be maintained in the amounts and for the periods that Beneficiary requires, VUliat Beneficiary requires pursuant to the pi ucedirlg; two sentences can change during the term of the Secured Debt:. The insurance carrier providing the insurance shall be chosen by'I'ntstOF subject to Beneficiary's approval, which shaft not be unreasonably withheld. IfTrustor fails to maintain the coverage described above, Beneliciary may, at Beneliciary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Security .Instntment_ All insurance policies and renewals shall be acceptable to Beneficiary arid shall include a standard "rnortgage clause" and, where applicable, "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or termination of the insurance_ Beneficiary shall have the right to hold the policies and renewals. If Dene:fic.iary requires, Trustor shall immediately give to Beneficiary all receipts ofpaid prentitn€rs and renewal notices. Upon loss, Trustor shall give immediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss it' not made irnmcdiatety by Trustor. Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application cul proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the arnowit of any payment. Any excess will he paid to the Grantor. fr the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt inlinediately_ before the acquisition - 20. ESCROW FOR TAXES AND INSURANCE. unless otherwise provided in a separate agreem,2111, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21.. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary UpOn request, any financial statement or infotniation Beneficiary may deem reasonably necessary- Trustor agrees to sign, deliver, and file any ndditinnal docturttells or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary's lien status on the Property_ 22. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Security tnstrunteilt ar-e joint ants individual. IfTrustor signs this Security Instrr€men.t but does not sign an evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to secure payment of Eltc Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. if this Security Instrument secures a guaranty between Beneficiary arid Trustor, Tr-1€Stor agrees to waive any rights that rna_y prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. Theserights may include, but are not limited to, any anti -deficiency or one -action laves. Trustor agrees that Beneficiary and any patty to this Security Instrument may extend, modify or snake any change in the terms of this Security Instrument or arty evidence of debt without TrnS[OF' S consent. Such a change will not release Trustor front the terms of this Security Inslru:hent. The. duties and benefits Of this Security Instrument shall hind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Security Instrument is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. This Security Insu-nment is cnmpletc and fully inlegrated. "I his Security Instrun-tent may not be amended or modified by oral agreement- Any section in this Security Instrument, attachntenls, or- ally agreement related to the Secured Debt that conflicts with applicable taw will not be efrective, unless that law expressly or impliedly permits the variations by written agreement_ If any section of this Security instrument cannot be enforced according to its terms, that section will be severecl and will not af3:ect the enforceability of the remainder of'this Security t.n.strumcnt. "iVhcncver used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Secilrity lush talent are for convenience only and are not to be used I0 interpret or define the terms of this Security Instrument. Tin -€e is of the essence in this Security Instrument. cec u,ty €nsrEunienl-Corsnmar-NF RE -DT -NE ?i11201 llMP� Bankers Systeme21'% n.n VMPCICE(N Bet51 5 Wcit ea Kluwer Financial Services iD1994. 2011