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19. INSURANCE, Trustor shall. keep Property •insured against loss by, fire, flood, theft and other hazards and
<br />risks reasonably associated •with the Property due; io its tYpe and location. This insurance shall be maintained
<br />in the amounts and for the periods that. Beuefittary requires. :What Beneficiary require•• pursuant to • the
<br />preceding two sentences can Change during the .terra of the Secured• Debt. The insurance •carrier providing
<br />the insurance • shall be chosen by Trustor subject to •Beneficiary,'s aiproval, Which shall not be unreasonably
<br />Withheld. • If Trustor fails to maintain the coverage described above, Beneficiary • stay, at • Beneficiary's option,
<br />obtain coverage to protect Beneficiary's rights; in the Property according to the terms •of this Security
<br />Instrument.
<br />All insurance policies. and: renewals shall be acceptable to Beneficiary. and shall include a standard "mortgage
<br />Clause" and, where .applicable, "loss .payee Clause." 'Trustor shall immediately 'notify Beneficiary of
<br />cancellation or .termination of the insurance. Beneficiary shall have the right to hold • the policies and
<br />renewals. If Beneficiary requires, Trustor -shall iniiinediately give to Beneficiary all receipts of paid premiums
<br />and renewal notices. •Upon loss, Truster .shall. give immediate notice. to.the insurance carrier and Beneficiary..
<br />Beneficiary may wake proof of loss if•not made inunediately by Trustor.
<br />Unless otherwise agreed jin.writiug, alt"insurauce proceeds shall be .applied to the restoration or repair of the
<br />Property or. to the Secured Debt, whether or • not then due, at Beneficiary's option. Any application of
<br />proceeds to priiu:ipal sh d1 not extend • or postpone the due date of the •scheduled payment nor change the
<br />amount of :any payment. ;;Any excess will be :paid. to the Grantor. If.the Property is acquired by Beneficiary,
<br />Trustor's right • to any insurance policies and proceeds resulting from damage to the •Property • before the
<br />acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition.
<br />20. ESCROW •FO* :TAXES • AND INSURANCE... 'unless otherwise provided in a separate agreement, Trustor
<br />will not be requited to pay to Beneficiary: funds for; taxes and: insurance in.escrow.
<br />21...TINANCIAL REPORTS • AND ADDITIONAL DOCUMENTS. Truster will provide Ito Beneficiary upon
<br />request, any financial .statement or information Beneficiary• ntay deem reasonably necessary. Trustor agrees to
<br />sign, deliver, and file any additional documents; or certifications that Beneficiary may consider necessary to
<br />perfect, -- continue, and preserve Grantor's obligations under • this • Security Instrument and Beneficiary's lien
<br />status on the Property.
<br />22. JOINT AND INDIVIDUAL LIABILITY;. COrSIGNERRS; SUCCL+'SSORS AND ASSIGNS BOUND. All
<br />•duties .under this Security .lnstrunent are joint affil individual. If Truster signs this • Security Instrument but
<br />does not sign an evidence of debt, Trustor does so only to mortgilge Trustor's interest in the •Property to
<br />secure payment of the Secured Debt and Truster !does not agree..to b4/personally liable on the Secured Debt. If
<br />.this Security InStrutnenty secures a guaranty,: between Beneficiary • apd Trustor, Trustor agrees to waive any
<br />•rights• that may iprevent Beneficiary from bringing any action or claiin against Trustor. or any party indebted
<br />under the obligation. These rights may include, .hut are not limited te, any anti - deficiency or one - action laws.
<br />Trustor agrees. that Beneficiary, and any party to. this Security Instrument may extend, modify or make any
<br />change in the :terms of this Security Instrument or any evidence of debt without. Trustor's consent. Such a
<br />change will not release hT rustor from the ,terms: of this Security Instrument. The duties and benefits of this
<br />• Security. Instrument shall bind and benefit the successors and assigns of Trustor and. Beneficiary.
<br />23. APPLICABLE; LAW; iSEVERABILJTY; INTEEPRETATION: This Security Instrument is governed by
<br />the laws of the jurisdiction in which Beneficiary; .is 'located, except to the extent otherwise required by the
<br />laws of the jurisdiction where the .Property is located. This Security Instrument is complete and fully
<br />integrated. This Security. Instrument may. not be :amended or modified by oral agreement. Any section in this
<br />;Security Instruttient, attachments, or any agreement related to the Secured Debt than conflicts with applicable
<br />law will not be; effective, :unless that law expressly or impliedly permits the variations by written agreement.
<br />If any section of this a'ecurity Instrument cannot be enforced according to its. terms, that ':section will be
<br />severed and will not affect the enforceability..of the remainder of this Security Instruuent. Whenever used,
<br />the singular shad include the plural and -the. plural the singular. The captions and headings' -of the sections of
<br />this Security Instrument, are for convenience only;and are not to be•.used to interpret or define the terms of this
<br />Security Instrument: Time is of the essence in this •Security Instrument.
<br />24. -. SUCCESSOR ;TRUSTEE. Beneficiary, at Beneficiary's option, linty from time to time remove Trustee and
<br />appoint a successor trustee without any other fortuality than the. designation in writing. The successor trustee,
<br />without • conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by
<br />.. this Security Instrument!and applicable law.
<br />25. NOTICE. Unless otherwise required by :law, any notice shall •be .given by delivering it or by mailing it by
<br />first crass mall ' to the appropriate .. party's address on page I .of this Security Instrument, or to any other
<br />address designated in. writing.. Notice. to one truster will be deemed to be notice to all :trusters. Trustor and
<br />Beneficiary hereby request 'a copy of - any. notice: of default, and a .e of any notice of sale thereunder, be
<br />mailed. to each at the address for such party set forth on page 1 Of this Security Instrument:
<br />•a •
<br />26.. WAIVERS. • Except to the -extent. .prohibited ..by law, Trustor naives • all appraisement and homestead
<br />exemption. rights relating to the Property. • s" •
<br />Security Instrument - Consumer -NE
<br />VMPID Bankers SystemeTM
<br />Wolters Kluwer Financial Seivices 01994, 2011
<br />201400737
<br />RE -DT -NE 2/1/2013
<br />VMP-C166(NE) (13021.00
<br />Page 6of6
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