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20�20G44� 19. INSURANCE. Tzvstor s1�aI1 keep Property insured against Eoss by fire, flood, theft and other hazaxds and risks reasonably associated with the Progerty due to its type and location. Tb.is insurance shall be maintained in the amounts and for the periods ihat Beneficiary requires. What Beneficiary requires pursuant to the preceding two sentences can change during klie term of tixe Secured Debt. Tlie insurance carzier providing the insurance shall be chosen by Trustor subject Eo Bene�ciary's approval, which shall not be unreasonably withheld. If Trustor fails to mazntain ihe coverage described above, Beneficiary may, at Bene�ciary's option, obtain caverage to protect Beneficiary's rights in the Praperty according to the terms of this Security Instrument. All insurance poiicies and renewafs sbrall be acceptable to Beneficiary and shall include a standard "mortgage clause" and, where applicable, "loss payee clause." Trustor shall i�znmediately notify Beneficiary of cancellation or termination of the insurance. Benefciary shatl have tlte right to hold the poFicies and renewals. If Beneficiary requires, Trustor shall unmediately give to Beneficiary all receipts of paid premiums and zenewal notiees. Upon loss, Trustor sha11 give immediate notice Eo the insurance carrier and Beneficiacy. Beneficiazy may make proaf of loss if not made immediately by Trustor. Unless otl�erwise agreed in writing, all insurance pzoceeds shall be applied to the restoratian or repair of the Praperty or io the Securecl Debt, whethez ox not then due, at $eneficiary's option. Any application of praceeds to principal shall not extend or postpone the due daCe of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the Property befare the acquisition shall pass to Beneficiary to the extezit of the Secured Debt immediately before the acquisidon. 20. ESCROW FOR TAXES AND INSURA,NCE. Uriless otherwise provided in a separate agreement, Trustor will not be required to pay to Benefciary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDTTIQNAL DOCUMEN'TS. Truseor will provide to Bena�ciary upon request, any financial statement or intformation Beneficiary may deem reasonably necessaxy. Trustor agrees ta sigzt, deliver, and file any addidonal documents or certifications that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and Beneficiary's Iien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; S�JCCESSORS AND ASSIGNS BUUND. All duties under this Security Instrument are join,t and individual. If Trustor sigms this Security Instrument but does not sign an evidence of debt, Trustar does so only to mortgage Tzvstor's interest in the Propecry to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. Tf this Security Instrument secures a guaranty between Beneficiary and Trustor, Ttvstor agrees to waive any rigiits that may prevent Beneficiary from hringing any actian or claim against TrusYOr or any party indebted under the obligation. These rights may inelude, but.aze not limited to, any anti-de�iciency or one-action laws. Trustor agrees that Beneficiary and any party to this SecuriYy Instrument may extend, modify or make any change in tb.e terms of this Security Insttvment or any evidence of debt without TrusEOr's consent. Such a change will not release Trustor from the terms of this Security Instrument. The duties and bene�its of this Security Insirument shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICAI3LE LAW; SEVERABILITY; INTERPRETATION. This Security Instrurnent is governed by the laws of lhe jurisdiction in which Beneficiary is located, except to the exCeni otherwise required by the laws of the jurisdiction where the Property is located. This Securiry Insirument is complete and fully integrated. This Securiry Instrument may not be amended or modified by oral agreement. Any section 'vn this Security Instrument, attachments, or any agzeement related to the Secured Debt that conflicts with applicable law wiil not be effective, unless that law expressly or implierily pernnits the variations by written agreement. If any section of this Security Instrument cannot be enforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Securiry Instrument. Whenevez used, the singular shall include the pluzal and the plurai the singalar. The captions and headings of ihe see�ions of this Security Instrument are faz convenience only and are not to be used to interpret or define the terms of ttzi.s Security Instrument. Tune is of the essence in this Security Instrument. 24. SUCCESSOR TRUSTEE. Beneflciary, at Beneficiary's option, may fram time to time remove Trustee and appoint a successor trustee wid�out any other formality than the designation in writing. The successor trustee, withovt conveyance of the Property, shall succeed to ail the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTIC�. Uniess atherwise required by law, any notice shali be given by deliverin$ it or by mailing it by first class mail to the appropriate party's acldress on page 1 of this Security Instrumems, or to any other address designated in writin.g. NoCice to one trustor wiII be deemed to be notice to all trustors. Trustor and Beneficiary hereby request a copy of any notice of default, and a copy of any no[ice of sale thereunder, be mailed to each garry at the address for such party set forth on page 1 of this Secwriry Instr+uuent. 26. WAIVEERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Properry. Security InstrumenFConsumar-NE VMP� Bankats Systems� Wolters Kluwe� Ffnanclal Serviees �1984, 2011 RE-DT-NE 7/7(2071 VMP-C16btNE} �t1071.00 Page 6 of 6 �