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201206788 18. CQNBEI�NAT`ION. Trustor will give i�enefici�ry prompt notice of any pending ar threatened acYion, by private or public en#ifies to purchase or take any ur 31f nf lhe Property throtegh condemnatian, cminent domain, or any othcr means. Trustar authorizes$eneficiary to uitervcne in'l�rusi�r's na�ne in any of tlie abuve described actions or claims. Trustor assigns to Beneficiary the proceeds o�any award ot�claitn for daniages cotu�ectcel wilh a condemnatian ar other taking of all or any paz�t of tlie Progerty. Such proceeiis shall be coaisidered�ayx��ents and wafl bc appfied as provided in this Security Insti-i��ienY. Tl�is assignrnent of proceeds is subject ta the terms of any prior mart�age, deed ot�treist, security agreeinent or other lien docuxnent. 19. 11VSUItANE:E. Trustor shal[ keep 1'raperty insured against loss by�re, flood, theft as�d ather ha'ards and risks reasnnahly assnciatecf v�itit the Yroperty due.to its type and location. This insurance shall be rnaintained in the amounts and for the�eriods thaT.Rene�xciary reqiures. What Bene�ciary requires pursuant to the preceding two sentences ean change during the term of�he Secuxeci Debt. The insivance carrier prov�ding#hc insurance shall b�chosen by Trustor subject to Beaieficiary's apprc3val, which sh;�[1 not bc unrcasnnably��thheld. Ef Trusior fails to xnaintaixi thc wv�rage described above, Beneficiary may, at$ene�ciary's option, abtain cc�verage to protect F3eneficiary's ri�hts in the I'roperYy according ta tkte tertr�c of this 5ecurity Instruuient. All inaura2ice policies aaid reriewals shall be acceptable to$ene#iciary and shall include a standard "mortgagc clause" and, c�here appIicable, "Ioss payee clau5c." 'lruslor shall i�ninediately notify Beneficiary of cancellation or terminatian of the insurance. Reneficrary shal.l have the right Yo hold the policies and renewaIs. IfBenefceiary requires, Trustor shall irr�t�iedaately give to Beneficiary all receirst� ofpaid premium� and renew�l notices. LT�son loss, Tr�stor shalE give inunediate notice to Yhe ii�surance can-ier and Se�ieficiaty_ Bcticfic€ary mdy rnake�rrne�f nf loss if not made i�n�3tcdiatcly by Trustor. Unless otherwise agreed in v�Yiting, all i�suz-ance proceeds shal] he a�plied tn the restc�r�tion ar repair of th.e Properiy or to the Secured Debt, uuhether or not then due, at Beneficiary's optiart. As�y ag�Eicatinn af groceeds to�rinci}�al �hal l nnk extenc� car postpone the duc date of the scheduled payment i�or chauge tl�e ainoun#of any pay�ne�xt. Atiy excess rviFt he pxid tn the Crr�ntar. If the Property is acquircd by Beneficsary, Trustor's right to auy i�isw�ance policies az�d pruceecls resulting from damage to the Property before the acquisition shall pass to Beneficiary fo the extent of tl�e Secured Debt in�mceiiatcly belore ti�e accfuisi Lion. 20. E$CItOW FOR TAXES AN� iNSLIR.A,NCE. LTnless otherw�isc providcci in a separate agreement, Trustor will not be required#o pay to ge€�e�ciary huicls Ivr idxes and insurance in escrow. 21. NINANCIAL IiEPORTS AND.aiDBETI0I�FAL DOCUIV�EN'TS. Trustor ��i[1 pro�icle Co$eneliciary upun requext, xny fin�.ncial statemettt or in£orn�ation Sencficiary may deenl reasonably necessary. Trustc�r agrees Yo sigs, deli��et', atid file ar�y:ui�litionscl dncuments or certifications that E3encficiary may consider necessary to perfect, continue, and preserve Gra��tor's oF�ligatiuris unclCr lhis Security Instrutnent and E3eneficiary's lien status on the Property_ 22- JOINT AND iN7)NTDUAL LT.4BILITY; CO-SIGNERS; SUCC�SSORS AND ASSIGNS BQU�3. All duties unde3-t11is Security Instr�cr�exrt are joint a�ed individual. If Trustor signs ihis Security Instrument but does not sign an cvidcnec of debt, Trustor does so only to inortga�e'I'rustar's ia�terest in the Property tp secuce paytnetit of the�eiured Debt and Trustar does not agrec to be personally Eiable on the 5eeured Dcbt. If this Security Instrument seeures a guaranty betvween l3enc�ciary�ncl Trustor, Trustor agrees tu waivc any ri�ls Lhat may prevent Benefciary from bringizxg any aciion or claim against Tzustor or any party indebted under the obligation. '1'hese ri�hts may include, buE are not limited fo, a�1y auti-de�cie�icy or une-ac[iun ]aws- 'i'rustar a�rees that Bcncficiary and any party to this 5ecurity Tnstntment may cxtcnd, modify or make any change in the terr3ts u#this 5ecurily InSlrument or any evidence of debt without'1'rutilar's�nGent. Such a ch2�nge will nat rcicase Truswr fram the ternis of tl�is Security Instrument. Thc duties and benefits of this Security 7cxstrutnent sfiall bincI anil benetiL the successors axid assigixs uf'1'rus[or and Benefeiary_ 23. APPLICABLE LAW; SEVERASiI,TTY; INTERPIZETATION. This 5ecurity Instr��rnent is governed by thc laws of the jurisdiciion in wl-�icl�Beneficiary is]uwlecl, exc:ePt tn#he e�ctent otherwise required by tl�e laws ci�iheji�risdiction v,�here Yhc Property es located. This Security Instrumen#is u'a��plete atid iixlly inEe�rated. Tlzis Security Ii�strua�iet�T atx�y ii�i be amendect or modiflecl by oral a,grecmenE_ Any section in Lhiti Sectrrity Instrtiment, attachmcnts, ar any agreement rela#ed to flie Secured IJebt ihai c:unl7ic;ts with agplicaUle law will uot Ue effcctive, unless Lhat law expressly or implicdiy permits the variaiions by written agreement. If any section of Chis Security Instrwi�ent caauiat be enfurcc�i ac;coriiis�� Co ils lerms, that section will be set°erecl and will not affecx the enforeeab�liEy of the remainder of tk�is Security Inslrument. �Vhenever used, rhe singular shall include the plw-a] and the�Eiiral the singu[ar. '1'he captions and headings of the sections of this Sec�rrity Instrument are for convenience only and are not to be used ta interpret or define the terrr�s of tt�is Security iris[rtvnent Time is of the essence in this Security Tn stn�ment. szzaes "ecurity InstrumenF-Consumer-NE RE-0T-ME 711/2E311 VMP[� BankersRyalPm.crM VMPCRfiS(NE7(11n7} Wa€ters KFuwe�F�nancial Services c01994,2Qt 7 :�, '� Page 5 oF 5 �