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<br /> 19. INSURANCE. Trustnr shail keep Property insured against lass by �ire, flood, theft and ather hazards and
<br /> risks reasonably assaciated with the Property due to its type and location. This insuran�e shall be maintain�d -
<br /> in the amounts and for the periods that Beneficiary requires. What Beneficiary requires pursuan� �o irhe
<br /> preceding two sentiences �an change during the term af the Secured Deht. Th� insurance �arrier providing
<br /> the insurance shall be chosen by Trustor subject tio B�neficiary's apprv�al, which shall not be unreas�nably
<br /> withheld. If Trustor fails to maintain the caverage described above, Beneficiary may, at Benefi�iary's option,
<br /> obtain co�erage to protect B�neficiary's rights in �he Property according to the terms of this Security
<br /> Instrument. -
<br /> All insurance pvlicies a.nd renewals shall be acceptab�e to Bene�ciar�r and shall include a standard "mortgage
<br /> clause" and, where applicable, "loss payee cl�us�." Trustor shall immediate�y notify BeneficYary of
<br /> cance�IatYon or termination of t�e insurance. �ene�'iciary sha11 have the right to �ald the policies and -
<br /> renewals. If Beneficiary requ'ires, Trustor shall immediately give to Beneficiary all receipts of paid premiums
<br /> and renewal natices. Up�n �oss, Trustor shall give immediate notice to the insurance carrier and B�neficiary.
<br /> Beneficiary may make pro�f of loss if not made immediately by Trustor.
<br /> Unless otherwise agreed in writing, all insurance proce��s shall be applied to the restoratian vr repair af the
<br /> Praperty or tv the Secured Debt, whether or nat then due, at Beneficiary's vpt�on. Any application of
<br /> proceeds t� principal shall not extend or postpone the du� date ❑f the scheduled payment nor change the
<br /> amaunt of any paymen�. Any e�cCess will be paid to th� Grantor. If the Property is acquired by B�neficiary,
<br /> Trustor's right t� any insurance pol�cies and proceeds resulting from damage to the Praperty before the
<br /> acquisition sha11 pass ta Benefic�ary to the extent�f the Secured Debt immediately before the acquisition.
<br /> 2�. ESCROW FflR TAXES AND INSLTRANCE. Unless othervWxse provided in a separate agreem�nt, Trustar
<br /> wi�I no�he required to pay to Beneficiary funds for taxes and insurance�n escrow.
<br /> Z1. FINANCIAL REPURTS AND ADDITI�NAL DQ�UIV�NTS. Trustor wi11 provide ta Beneficiary upnn
<br /> request, any financial sta�ement or information Benef�ciary may deem reasona�Iy n�cessary. Trustor agrees to
<br /> sign, deli�er, and file any additional documents or certif�catxons that Beneficiary may consider necessary to
<br /> perfect, continue, and preser�e Grantor's obligations under this 5��urity Instrument and Ben�ficiary's �ien
<br /> status on the Property.
<br /> �Z. J�INT AND INDIVIDUAL LIABILITY; ��-SIGNERS; SLTC�ESS�RS AND ASSI�NS B�UND. All .
<br /> duties un�er this Security Instrument are joint an� i�ndividual. If Trustor signs this 5ecurity Instrumen� but
<br /> does not sign an evidence vf debt, Trustar does so only to mortgage Trust�r's interest in the Property to
<br /> secure payment of the Secured Debt and Trustor does not agree to be personally liahle on the Secured Debt. If
<br /> this Security Instrument secur�s a guaranty between Beneficiary and Trustor, Trustor agrees to waive any
<br /> r�ghts that may prevent Beneficiar� from bringing any action or claim against Trustor or any party indebted
<br /> under the obligation. These rights may xn��ude, but are not limited to, any anti-deficiency or one-ac�ion Iaws. ._
<br /> Trustor agrees that Ben�f�ciary and any party to this Security Instrument may ext�nd, modify vr make any
<br /> change in the terms of this Security Instnxment or any evidence of debt withnut Trustar's consent. Such a
<br /> �hange wil� not release Trustor from �he terms vf this Security Instrument. The duties and benefits of this
<br /> 5ecurity Instrum�nt shall bind a.nd benefit the suc�essors and assigns of Trustor and B�neficiary.
<br /> 23. APPLICABLE LA�; SEVERABILITY; INTERPRETATIQN. This Security Instrument is go�emed by
<br /> the laws af the jurisdic�ion in which B�nefi�iary is lacated, except �o the extent otherwxse r�quir�d by the
<br /> laws of the jurisdiction where the Property is located. This Security Instrument is complete and fully
<br /> integrated. This 5ecurity Instrument may nat be amended or modified by ora� agreement. Any sectivn in this _
<br /> Security Instrument, attachments, or any agreement related to the Secured Debt �hat canflicts v�ith applica�le
<br /> law wiil nat be effective, unless that law expressly or impliedly permits �he variations by written agreemen�.
<br /> If any section of this Security Instrument cannot be enforced according to its terms, that section wi11 be
<br /> severed and wi11 not afFect the enforceability of th� remaii��er�of����s-`�.��cuu�y,.In�,'�rument� Whenever u�ed,
<br /> the singular shall include the plural and the plural the singuiar.;r The,�cap�ion�: and headings��af the sectivns of
<br /> this 5ecurity Instru.ment are for convenience only and are not�Ca��be us�d't�irite�,��%or����n� �he terms of this
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<br /> Security Instxument. Time is of the essence in this Security Iristrument.
<br /> 24. SUCCESS�R TRUSTEE. Beneficiary, at Beneficiary's opt�on, may from tim� ta time remove Trust�e and ___
<br /> appoint a successor trustee wit�iout any other formality than the designation in writing. The su�cessor trustee,
<br /> withvut con�eyance vf the Property, shall succeed to a1�the title, power and du�ies �onferred upan Trustee by
<br /> this Security Instrumen�and applicable lav�.
<br /> Z5. N�TI�E. Unl�ss otherwise required by law, any notice shall be given by de�iWering it or �y mailing it by
<br /> first class mail ta the apprapriate party's address on pag� 1 of t�iis Security Instrument, or ta any other
<br /> address designated in writing. Notice to one trustor wi11 be deemed ta �e notice to all trustors. Trust�r and
<br /> Beneficiary hereby request a copy nf any notice af default, and a copy of any notice of sale thereunder, be
<br /> mailed�o eaCh party at the address for such part►y set forth an page 1 of th�s Security Instrument.
<br /> 26. WAIVERS. Except to the ext�nt prohibited b� law, Trustor waives all appraisement and homestead
<br /> �xemptxon rights relating to th�Property.
<br /> 5ecuri#y Instrument-Consumer-NE RE-�T-NE 2/1/2013
<br /> VMP�Bankers 5ystemsrM VMP-C165tNE� �1302y.��
<br /> Walters Kluwer Financ�al Ser�ices D1994,2�11 Page 5 af fi
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