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201209882
<br /> Property Condition, Altecations and Inspection. Trustor will keep the Property in good condition and
<br /> make all repairs that are reasonably necessary. Tnnstor sha11 not commit or allow any waste, impairment, or
<br /> deterioration of rhe Property. Trustor agrees that the nature oP the occupancy and use will not substantially
<br /> change without Beneficiary's prior written consent. Trustor will not permir any change in any license,
<br /> restrictive covenant or easement without Beneficiary's prior written consent. Trustor will notify Beneficiary
<br /> of all demands,proceedings,claims,and actions against Trustor,and of any loss or damage to the Property.
<br /> Beneficiary or Beneficiary's agents may,at Beneficiary's option,enter the Property at any reasonable time for
<br /> the purpose of inspecting the Property. Beneficiary shail give Trustor notice at the rime of or before an
<br /> mspection specifying a reasonable purpose for the inspection.Any inspection of the Property shall be entirely
<br /> for Beneficiary's benefit and Trustor will in no way rely on Beneficiary's inspection.
<br /> Authority to Perform.If Trustor faiis to perform any duty or any of the covenants contained in this Security
<br /> Instrument, Beneficiary may, without notice, perform or causc chem to be performed. Trustor appoints
<br /> Beneficiary as attorney m fact to sign Trustor's name or pay any amount necessary for performance.
<br /> Beneficiary's right to perform for Trustor shall not create an obligation to perform, and Beneficiary's failure
<br /> to perform will not preclude Beneficiary from exercising any of Beneficiary's other rights under the law or
<br /> this Security Tnstrument.
<br /> Leaseholds;Condominiums;Planned Unit Developments.Trustor agrees to comply with the provisions of
<br /> any lease if this Security Instrument is on a leasehold. If the Property includes a unit in a condominium or a
<br /> pianned unit development, Trustor will perform all of Trustor's duties under the covenants, by-laws, or
<br /> regulations of the condominium or planned unit development.
<br /> Condemnation. TrusCor will give Beneficiary prompt notice of any pending or threatened action, by private
<br /> or public enrities to purchase or take any or all ol the Property through condemnaYion, eminent domain, or
<br /> any other means.Trustor authorizes Beneficiary to intervene in Trustor's name in any of the above described
<br /> actions or claims. Trustor assigns to Beneficiary the proceeds of any award or clann for damages connected
<br /> with a condemnation or other taking of all or any part of the Properry. Such proceeds shall be considered
<br /> payments and will be applied as provided in this Security Instrument. This assignment of proceeds is subject
<br /> to the terms of any prior mortgage,deed of trust,security agreement or other lien document.
<br /> Insurance. Tnistor shall keep Property insured against loss by fire, flood, theft and other hazards and risks
<br /> reasonably associated with the Property due to its type and location.This insurance shall be maintained in the
<br /> amounts and for the periods that Beneficiary requires. Whai Beneficiary requires pursuant to the preceding
<br /> two sentences can changc durina the teim of the Secured Debt. The insurance carrier providing the insurance
<br /> shall be chosen by Trustor subject to Bencficiary's approval, which sfiall not be unreasonably withheld. If
<br /> Tcustor fails to maintain the coverage described above, Beneficiary may, at Beneficiary's option, obtain
<br /> coverage to protecc Beneficiary's rigfits in tt�e Property according to the terins of this Seeurity Tnstrument.
<br /> All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standazd "mortgage
<br /> clause" and;' where 'applicable, "loss p2yee olausc." Trustor sha11 immediately notify Beneficiary of
<br /> cancellation or terriiination of the insurance. Beneficiary shall have the right to hold the policies and
<br /> renewals.If Beneficiary requires;Trustor shall immediately give to Beneficiary all receipts of paid premiums
<br /> and renewal`notices. Uponloss,Trustor shall give immediate'notice to the'insurance carrier and Beneficiary.
<br /> Beneficiary may makeproof of loss if not madc inunediately byTrustor.
<br /> Unless otherwisc agreed in writing, all insurance proceeds shal]be applied to the restoration or repair of the
<br /> Property or to the SeGured Debt; whether or not then due, at Beneficiary's option. Any application of
<br /> proceeds to principal shali`not eztend or postpone thc duc'date of the scheduled payment nor change the
<br /> amount of any`payment. Any excess wiil be paid to the Trustor. If the Property is acquircd by BeneTiciary,
<br /> Trustor's right to any insurance policies and proceeds resulting from damage to the Properry before the
<br /> acquisition shall pass to Beneficiary to the extent of the Secured Debt unmediately before the acquisition.
<br /> Financial Reports'and Additional Docnments. Trustor will provide to Beneficiary upon reques[, any
<br /> financial statement or information Bcneficiary may deem reasonably necessary. Trustor agrees to sign,
<br /> deliver;and file any additional docaments or certifications that Beneficiary may consider necessary to perfect,
<br /> continue, and preserve Trustor's obligations under this Security Instrument and Beneficiary's lien status on
<br /> the Property.
<br /> 6. WARRAI\"I'1'OF TITLE.Trustor warrants that Trustor is or will be lawfully seized of the cstate conveyed
<br /> by this Security Instrument and has the right to inevocaUly grant, convey,and sell the Property to Trustee,in
<br /> trust; with power of sale: Trustor also warrants that thc Property is unencumbered, except for encumbrances
<br /> of record.
<br /> 7. DUE ON SALE.Beneficiary may, at its option, declare the entire balance of the Secured Debt zo be
<br /> immediately due and payable upon the creation of, or contract for the creation of, a transfer or sale of all or
<br /> any part of the Property. This righ[is subject to tYie restrictions imposed by federal law(12�F. 5 ), as
<br /> applicable. �,
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<br /> Securitylnstrumenc-Open�End-Consumer-NE 0 P-3EOT-NE /2� 0?7
<br /> VMP�6ankersSystemsTM�� VMP-C4651NE;�[�7�.00
<br /> Wotters Kluv+er F�nancial Servlces'.�1994,2011 Page of 6
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