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201207469 19. INSiJF2ANCE. Trustor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably associated with the Property due to its type and location. This insurance shall bc maintained in the amounts and for the periods that Beneficiary requires. What Bene�ciary requires pursuant to the preceding two sentences can change during the term of the Secured Debt. The insurance carrier providing the insurance shall be chosen by Trustar subject to Beneficiary's approval, which shall not be unreasonably withheld. If Trustor Pails to maintain the coverage described above, Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Security Instrument. All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and, where applicable, "loss payee clause." Trustor shall iminediately notify Beneficiary of canecllation ar termination of the insurance. Seneficiary shall havc the right to hold the policies and renewals. If Bene�ciary requires, Trustor shall immediately give to Beneficiary all receipts of paid premiums and renewal notices. Upon loss, Trustor shall give immediate notice to the insurance carrier and BenePiciary. Beneficiary may�nake proof of loss if not made immediately 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 applicaLion of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the GranCor. IP the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from daznage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. ESCI20W FOI2 Tt�XES ANYD INSiJI2�NCE. Unless otherwise provided in a separate agreement, Trustor wili not be required to pay to Beneficiary fiznds Por taxes and insurance in escrow. 21. F+'INt�NCIAi. Y2�PORTS AIVI� t�IDDI'I'IONt�.Y. I�OCUlVIEN'I'S. Trustor will provide to Beneficiary upon request, any financial statement or infonnation Seneficiary niay deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional documents or certifications that Seneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Security Instrument and IIeneficiary's lien status on the Property. 22. JOIN'I' ANII3 IlVDYVII2BJAF. LIASIS.I'I'Y; CO-SIGNERS; SUCCESSOIZS AND E4SSiGNS BOiJNI?_ All duties under this Security Instrument are joint and individual. dP Trustor signs this Security Instrument but does not sign an evidence of deUt, Trustor does so only to mortgage Trustor's interest in the Properiy to secure payment of'the 5ecured DeUt and Trustor does not agrcc to be personally liable on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted under the obligation. These rights may include, but are not limited to, any anti-deficicncy or onc-action laws. Trustor agrees that BeneFiciary and any party to this Security Instrument may extend, modify or make any change in the terms of this Security Instrument or any evidence of debt without Trustor's consent. Such a change will not release 'Trustor from thc terms of this Security Instrument. The duties and benefits of this Security Instnzment shall bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICASg.E i,AW; SEV�+d2A&31LI�Y'Y; INT�,I2PKETATION. This Sccurity Instrument is governed by the laws oP the jurisdiction in which Sencficiary is located, except to the extent otherwise required by the la�vs of the jurisdiction where the Property is located. This Security instrument is complete and fully integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicabie law will not be effective, unless that law expressly or impliedly permits the variations by writtcn agrccmcnt. If any seccion of this Security Instrument cannot be cnforced according to its terms, that section will be severed and will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall include the plural and the plural the singular. The captions and headings of the sections of this Securicy Instrument are Yor convcniencc only and are not to be used to interpret or define the terms of this Security lnstrument. Time is of the essence in this Security Instrument. _.. .... 24. SiJCCESSOR 'Y'12UST�E_ Beneficiary, at Beneficiary's option, may froin time to tiine remove Trustee and appoint a successvr Crustee without any other formality than the designation in"writing: The successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applicable law. 25. NOTICE. Unless otherwise required by law, any notice shall Ue given Uy delivcring it or by mailing it by first class mail to the appropriate pazty's address on pagc 1 of this Security Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to be notice to a11 trustors. Trustor and Beneficiary hereby request a copy of any noLice oP default, and a copy of any notice of sale thcreunder, be mailed to each party at the address for such party sct forth on page 1 of this Security Instrument. 26. WAYVEH2S. Except to the extent prohibited by law, Trustor waives all appraiscment and homestead exemption rights relating to the Property. Security Instrument-Consurner-NE RE-�T-NE 7/t/2011 VMPO« Bankers SystemsTM' VMP-C'1651NE) (1107).00 Wokers Kluwer Financial Services�1 994,20'I 1 Page 5 ot 6 �� \