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��14�571�
<br /> Property Cond�t�on, Alteratxons and InspectYon. Trustar wi�� keep the Property in good condition and
<br /> mak� al.� repa�rs that are reasana�ly necessary. Trustor shall na� commit or allaw any waste, impairment, or
<br /> deteriaration af the Properry. Trustar agrees that �he nature of the occupancy and use WiI1 not sub�tant�al�y
<br /> change with�ut Beneficiary's prxar written consent. Trustor will nflt perm�t any change in any �ic�nse,
<br /> restrictive �o�enant or eas�ment without Beneficiaxy's prior wr�tten consent. Trus��r will notxfy Beneficiary
<br /> af aII demands, pr��eedings, ciaims, and actions against Trustor, and of any lass�r damage to�he Property.
<br /> Ben�fi�iary or Beneficiary's agents may, at Benefic�ary's opt��n, enter the Prop�rty at any reasanable time far
<br /> the purpose of �ns�ecting �he Prop�rty, Benef�ciary shall give Trustar not�ce at the time of or before an
<br /> inspect�on specifying a reasanabl�purpase for the�nspe�ti�n. Any inspection of the Property sha11 be entirely
<br /> far Beneficiary's�enefit and Trustor wxlZ xn no way rely on B�neficiary's inspection.
<br /> Authority to Perform. If Trustor faails to perform any duty or any of the c�venants contained in th�s Secu�i�y
<br /> �ns�rument, Benefic�ary may, without no�ice, perfarm or cause them ta �e performed. Trustor appai.nts
<br /> Ben�f�cia�ry as attamey in fact to sxgn Trustar's name or pay any amoun� necessary for perf�rmance.
<br /> Beneficiary's r�ght ta perform for Trus�or sha11 not create an obligat�an ta perform, and Ben�f�c�ary's failur�
<br /> ta p�rform wil� no� pr�Clude Beneficiaxy from exerc�sing any of Benefzciary's other rights under the law or
<br /> this Security Ynstrument.
<br /> Leaseholds; Condamin�ums; P�anned iJnit Developments. Trustor agrees to camply wxth the provisions of
<br /> any lease if th�s 5ecurity Zns�rument is on a leasehold. �f the Proper�y inc�udes a un�t in a condnmi.uuum �r a
<br /> planned unit deve�opm�nt, Trustor wil� perfarm a11 af Trustor's dut�es under �he cov�nants, by-laws, or
<br /> regulations of the�ondom�nium or planned unit d�v��opmen�.
<br /> �vndemnat�on. Trustor w�lx give Beneficiary prompt natice of any pend�ng or threatened act�on, by privat�
<br /> or public �ntities to purchase ar take any ar all of the Pro�ex�y �hrough �ond�mnation, em�n�nt domain, or
<br /> any o�her means. Trustor author�zes Beneficiary to interv�ne in Trustor's name in any of the ab���described
<br /> a�t�ons ar claims. Trustor ass�gns ta Ben�fic�ary the proceeds af any award or c�aim for damages connected
<br /> with a c�ndemnatzon or other taking of all or any part of the Prop�rry. Such praceeds shall b� consxdered
<br /> payments and wixX be appXied as pravid�d in this Se�urity Instrument. This assignm�nt �f pro�e�ds �s sub��c�
<br /> t�the terms of any pr�or martgage, deed flf trust, secur�ty agreement or other�xen dacument.
<br /> Insurance. Trus�or shalX ke�p Properry insured against xass by fxre, flond, thef� and other hazards and risks
<br /> r�asona��y assaciated with the Properry due tfl �ts type and Iocation. Thxs �nsurance shal�be maintain�d�n th�
<br /> amaunts and for the periads that Beneficiary requires. �V`ha� Benefxciary requires pursuant to the preceding
<br /> two sen�ences can�hange dur�ng the�erm of�.i� Secured Debt. The insurance carrxer prov�d�ng th� insurance
<br /> sha.�l �e chosen by Trustar sub�ec� ta Beneficxary's appro�al� v�rhich sha11 not be unreasonab�y w�thh�ld. �f
<br /> Trustor fails to maintain �he co�erage described abo�e, Beneficiary may, at Bene�ciary's opt�on, obtain
<br /> coverage�o pratect S�neficiary's righ�s in the Property according�o the t�rms of�his S�curity �ns�rument.
<br /> All insuran.ce poXicies and renewals shall be acceptab�� to Benef�ciary and shail include a standard "m�rtgag�
<br /> clause" and, where appl�cable, "Ioss payee c�ause." Trustar sha11 �nmed�ately nat�fy S�n�f�cxary of
<br /> canc�llation or ter�minatian of the insurance. Beneficiary shall have the right to hold �he pnlicies and
<br /> renewals. If Beneficiary requires, Trustar shalx zmmedzately give�a Benef�c�a�zy a�.1 receipts of paxd premiums
<br /> and renewal notxces, Ljpon Ioss, Trustor sha11 give xmmedia�e notice to th� znsurance carrier and Bene�c�ary.
<br /> Beneficiary may make proof of loss if not made Ymmedia�ely�y Trustor.
<br /> Unl�ss otherwise agreed in writing, aII insurance prace�ds shall be applied to the restorat�on or repair of�he
<br /> Prop�rty �r to the Secured Debt, whether or nat then due, at �eneficxary's aption, Any applicat�on af
<br /> praceeds to princxpa.� sha�1 not extend or postpone the due date of the s�heduled payment nor change the
<br /> amaunt of any payment. Any excess will be paxd to the Trustar. Yf the Prop�rty �s acquired by Beneficiary,
<br /> Trus�or's right ta any �nsurance po�icies and proceeds resulting from damage to the Property bef�re the
<br /> acqu�sitxon shal�pass t�Beneficxary to the extent of th�Secured Debt immediately before the acquisition.
<br /> Financ�al Reports and Add�t�onal I�ocum�nts. Trustar will provYde to Beneficiary upon requ�st, any
<br /> financial statemen� �r infarmatian Beneficiary may deem reasanably n�cessary. Trustar agr��s to sign,
<br /> del�ver, and f�l�any addi�ional documen�s or certifications that Beneficiary may cansid�r necessary ta perfect,
<br /> continue, and preserve Trustor's obligations under �his Security Instrument and Beneficiary's lzen status on
<br /> the Praperty.
<br /> 6. W Y aF TITLE. Trus�or warrants that Trustor is or wi�l be lawfully s��zed of the estate convey�d
<br /> by this Securi�y xnstrument and has the right to irre�rocab�y grant, convey, and s�ll the Properry ta Trustee, in
<br /> trust, w�th power af sa1e. Trustor also warrants that the Proper�y is unencumbered, except for �n�umbrances
<br /> a f record.
<br /> 7. DUE �N SALE. Benef�ciary may, at its op�ion, declar� the ent�re balance of the Secured Debt to be
<br /> immediate�y due and payable upon the creat�on of, or contract for the creatznn of, a�ransf�r ar sale �f alI or
<br /> any part of the Property. This right �s subj ec� to the restr�cti�ns imposed by federa� Iaw �1� C.F.R,, 5 91}, as
<br /> applicable.
<br /> 5ecurity lnstrument-�per►-End-GorisUmer-NE �CP-REDT-NE 712I2Q11
<br /> VMPO Ba�kers SystemsT"^ VMP-C4fi5(NE� fl 1�7},p0
<br /> Woiters Kl�wer�inancial 5er�ices��994,20�� Page 3 of fi
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