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201209560 Property Condition, Alterafions and dnspection. Trustor will keep the Property in good condition and make all repairs that ue reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration ofxhe Property. Trustor agrees that thc nature of the occupancy and use will not substantially change without Beneficiary's prior written consent. Trustor will not permit any change in any license, resCrictive covenant or easement without Beneficiary's prior written consent. Trustor will notify Beneficiary of a11 demands,proceedings,claims, and accions against Trustor,and of any loss or damage to the Properry. Beneficiary or Beneficiary's agents may,at Beneficiary's oprion,enter the Property at any reasonable time for the purpose of inspecting the Propeny. Beneficiary shall give Trustor notice at the rime of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor will in no way rely on Beneficiary's inspection. Authority to Perform.If Trustor fails to perform any duty or any of the covenants contained in this Security Instrument, Beneficiary may, without notice, perform or cause them to;be perfornied. Trustor appoints Beneficiary as attorney in fac[ to sign Trustor's name or pay any amount necessary for performance. Beneficiary's right to perform for Trustor shall not create an obligation to perform, and Beneficiary';s failure to perform will not preclude Beneficiary from exercising any ofBeneficiary's other rights under the law or this Security Instrument. Leaseholds;Condominiums;Planned Unit Developments. Trustor agrees to comply with the provisions of any lease if this Securit��Instnzment is on a leasehold. Tf the Property includes a unit in a condominium or a planned unit flevelopment, Trustor will perform all of Trustor's duties under the covenants, by-laws, or regulations of the condominium or planned unit development. Condemnation.Trustor will give Beneficiary,prompt notice of any pending or threatened acrion, by private or pnblic entiiies to purchase or take any or all of thc Property through condemnation, eminent domain, or any other means. Trustor authorizes Beneficiary to intervene in Trustor's name in any of the above desciibed actions or clauns. Trustor assigns to Seneficiary the proceeds of any award or claim for damages.connected with a condemnation or other taking of all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Securiry Instrument.This assignrnent of proceeds is subject to the terms of any prior mortgage,deed of trust,securiry agreement or other lien document. Insurance: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 insutance shall be maintained in the amounts and for the periods that Beneficiary requires. Wha[Beneficiary requires pursuant to the preceding two sentences can change during the term of the Sccured Debt. The insurance can-ier providing ihe insurance shall be chosen by Trustor snbject to Beneficiary's approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above, Beneficiary'rnay; at Beneficiary's option; obtain coverage'to protect Beneficiary's rights in the Pioperty according to thc terms of this 5ecurity Instrument All insurance policies and renewals sh111 be acceptable to Beneficiary and shall inelude a standard "mortgage clause" and; where applicable,' "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or terniination of the insurance: Beneficiary shall have the right to hold the policies and renewals. If Beneficiary requires;Trustos shall immediately give to Beneficiary all receipts of paid premiums and renewal notices. Upon los5;Trustor shall give immediate notice to the insurance carrier and Beneficiary. Beneficiary may rnake proof of loss if not made immediately by Trustoi. ' Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Properiy or to the Secured Debt, whetfiei or nof'then due, at Beneficiary's'option. Any application of proceeds to principal sha11 no[extend or postpone the due date of the scheduled payment nor chanQe the amount ofany pagment. Any'exces5 will be paid to the Trustor. Tf the Property'is acquired by Beneficiary, Trustor's right Co any insurance poiicies and proceeds resulting from damagc to tlie Froperry before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. Financial Reports and Additional Documents. Trustor will provide'to Beneficiary upon zequest, any fmancial statement or inforniation Beneficiary inay deem reasonably necessary: Trustor agrees to' sign, deliver,and file any additiona]documents or certifications that Beneficiary may consider necessary to perfect, continue; and preserve TrustoY's obligations under this Security Instrument and'Beneficiary's'lien status on the Property. 6. ��TARRANI'Y O�'7['XTLE.Tivscor warrants that Trustor is or wiil be lawfully seized of the estate conveyed by this Security Tnstrument and has the right to irrevocably gra�it;convey,and sell the Property to Trustee,in trust,with power of sale. Trustor also warrants chat the Property is unencumbered;except for encumbrances of record, 7. DiJE ON SALE. Eeneficiary may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of, or contract far the creation of, a transfer or sale of ail or any part of the Properiy. This right is subject to the restrictions unposed by federal law(12 C.F.R. 591), as applicable. � ; �� J�-� Security Insttument-Open-End-Consumer-NE OCP�PEDT-NE 7�2l2011 VMP�Bankers�Systemsn' VMP-C465;NE) �71071.00 1Nolters Kluwer Financiai Services m1994,2011 � P�ge 3 ot 6