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��14�45��
<br /> Property Con�ition, AXterations and Inspection. Trustor wil� k��p the Property �n good c�ndi�ion and
<br /> make a11 repairs that are reasonab�y nec�ssar�. Trustor sha.l� not commrt or allavv any waste, impa�.rment, or
<br /> deteriaratxon af the Proper�y. Trustor agrees �hat the nature of�he accupancy and use wil� na� substantially
<br /> change withaut Benef�ciary's prior written consent. Trustor wxil not permit any �hange in any Iicense,
<br /> res�rictive ca��nant ar easement w�thaut Benef�ciary's prior wrxtten cansent. Trustor wi11 notify Bene�ciary
<br /> of ail demands, proce�dings, claims, and actxons against Trust�r, and of any loss or damage to the Property.
<br /> Beneficxary or B�nef�ciary's agents may, at B�neficxary's aption, enter the Property a� any r�asonable tirr�e far
<br /> the purpose of inspecting the Praperty. B�n�ficiary sha.11 giv� Trustar natice at the trm� of ar before an
<br /> insp��tion specifying a reasonable purpase far�he inspec�ian. Any xnspec�ion of the Property shall be entirely
<br /> far Beneficiary's ben�fit and Trust�r will in no wa�rely on Ben�fYciary's inspection.
<br /> Authorxty ta Perform. �f Trustar fai�s �o perform any duty or any of�h.e cavenants contained in thxs Security
<br /> Instrument, B�neficiary may, vvithau� no�ic�, perfarm ar �ause �hem to be performed. Trustor appoints
<br /> Beneficiary as attorney in fact to sign Trustor's name or pay any amount necessary for performance.
<br /> Beneficiary's rxght to perform for Trustor sha�� nat �reat� an a�ligation to perform, and B�ne�ciary"s fai�ure
<br /> to perform will not preclude Beneficiary fram ex�rcxsYng any of Benefic�ary's �th�r rx�hts under the �aw or
<br /> thx� Security Instrumen�.
<br /> Leas�holds; Candom�niums; Planned Uriit Developments. Trustar agrees ta comply with the provisions of
<br /> any lease if�his Security Instrument is on a leasehald. Yf the Property inciudes a un�t in a condominium ar a
<br /> planned unit development, Trus�or will perform a11 of Trustor's duties under �he covenants, by�laws, or
<br /> regulations of the condominium�r p�anned unxt de�eXapment.
<br /> Condemnat��n, Trus�or will gi�e Beneficzary promp� notice of any pend�ng or threatened action, by pri�at�
<br /> or pu��zc entities to purchase ar take any ar a11 of the Property through condemna�ion, eminent domain, flr
<br /> any oth�r means. Trustor authorxzes Benef�c�ary to inter�vene in Trustor's name �n any of th� abo�e descrxbed
<br /> actians or cXaims. Trustor assigns to Benefic�ary the proceeds of any award ar claim for damages connect�d
<br /> wi�h a cflndemnatxan ar other takrng of a11 ar any part of the Praperty. Such praceeds shall be cans�der�d
<br /> payments and wi�� be applied as pravided in th�s Security Instrument. This assxgnment of proceeds is subject
<br /> to the t�rms of any prior mor�gage, deed of trus�, security agreement or other�Yen document.
<br /> Insuran�e. Trustar sha11 keep Proper�y �nsured agains� Xass by fire, flaad, th�ft and ather hazards and risks
<br /> reasanab�y assaciated wz�h the Proper�y due ta its type and locatian. This insurance shall be main�ained rn the
<br /> amounts and far the per�ods that Benefxciary requires. What Beneficiary requrres pursuant to the prec�ding
<br /> twa sent�nces can change during the term af the Secured Debt. The insuranc�carrier praviding the znsurance
<br /> shall be chasen by Trus�or subj ect ta geneficiary's appro�al, which shall not be unreasonab�y withh�ld. �f
<br /> Trustor fails to maintain the co�erage desGrYbed abo�e, Beneficiary may, at Ben�ficiary's ap��on, obtain
<br /> co�erage to protect Benef�cxary's rrghts rn the Property according to the terms of thxs Security Ynstrumen�.
<br /> All insurance poXicies and renewals sha11 be accep�able to Benefic�ary and sha�� include a standard "mortgage
<br /> clause" and, where applicable, "Ioss payee clause." Trustor shall immediat�ly natify Ben�ficiary af
<br /> cance�lation or termination of the insuran�e. Ben�ficiary shall ha�e the right to hold �he policies and
<br /> renewal.s. If Benef�ciary requ�res, Trus�or shall xmm�diately gx�e to Bene���ary a�� r��erpts af paid prem�ums
<br /> and renewa.� notices. Upon lass, Trustar sha�l give imm�drate no�ice to the insuranc� carrier and Beneficiary.
<br /> Beneficiary may make prot�f of lass if not mad�immedzately by Trus�or.
<br /> Un�ess ath�rwxse agreed in wr�ting, a.11 insurance pro�eeds sha.11 be appl�ed ta th� restoratian or repair of the
<br /> Proper�y or �o the Secur�d Debt, Whether or nat then due, at Benefic�ary's opt�on. Any appli�atxon of
<br /> pr�ce�ds ta principal sha�� nat extend or postpone the due date of the scheduled payment nor change the
<br /> amount af any payment. Any excess will be paid ta the Trustor. �f the Property is acqu�red by Beneficiary,
<br /> Trustor's righ� to any insurance pa�i�i�s and proc��ds resulting from damage to the Property befflre th�
<br /> acquisition shal�pass to B�neficiary ta the ex�ent of the Secured Deb�immedxately before the acquis���on.
<br /> Financia� Reports and Additionax I3ocu�ments. Trus�or wi1l provide �o Beneficiary upon request, any
<br /> f�nancial statem�n� or infarmat�on B�nefrcxary may deem reasonabl� necessa.ry. Trustar agr�es ta sign,
<br /> del��er, and f��e any addit�onal docum�nts or certificat�ons that Beneficiary may cons�der necessary ta p�rf�ct,
<br /> continue, and pres�rve Trustar's obligations under th�s Security Instr�xment and B�neficiary's �ien status on
<br /> the Proper�y.
<br /> 6. W Y �F TITIlE. Trus�or warrants that Trustar is ar will be Iawfully se�zed af the es�a�e con��y�d
<br /> by this Security Ins�rument and has the r�ght to irre�rocably gran�, con�ey, and se11 the Property ta Trus�ee, in
<br /> trust, with power of sale. Trustor a.lso warrants that the Property is unencumbered, except for encumbrances
<br /> of record.
<br /> 7. DUE �N SA�E. Beneficiary may, at its option, declare the entire balance of the Secured Debt ta be
<br /> immedxat�ly due and payabie upon the creation of, vr �ontract far �he creation of, a�ransfer or saie af a�� or
<br /> any part of the Praperty. This right is subj ect to �h� restr�ctians imposed �y federal law �1.2 C.F.R. Sg��, as
<br /> applxca�le.
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<br /> Wvlters l�iuwer�inar�cial 5er�ices C�Z 994,201 1 �age 3 of 6
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