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��15��351 r All insurance policies and rene�al�shall be accepta�le to Benefic�ary and shal!include a s�andard"rnortgag� clause" and, �rhere appli�able, "loss payee e�ause." Trust�r s}iall imrnediately notif� Benefic�ary af tan�el�ation or termination of the insuran��.Benefitiary shall ha��th�right to haid the pori�ies and r�newals.If�ene�ciary r�quires,Trustor shall immedia�ely gi�e to B�neficiary a�l receipt�af pa�d premiums and�enewa�notices.l�pon Iass,Trustor sha I I�iv�imrned iate notice to the i nsu ra nce ca rrier a nd Benefi cia r�r. Ben�fieiary may make pra�f of loss if n�t made immedia�ely by Trustar. Un�ess otherwise agreed in wr�ting,all insur�n�e pro�e�ds�h�ll b��pp�ied to th�resto�ati�n or repair of the Praperty or to the S�cured Debt,wheth�r or not then du�,at Benefciary's��t��n,Any ap�licat�on of proceeds t�pri ncipa I sha I I not�xtend or postpone the d ue dat��f the�ch�d u I�d payment nor cha nge the am�unt af any pa�rment.Any�x�ess will�e paid ta the�rantor.If the Propert�r�s acquir�d by 6�nefici�ry, Trust�r's right to any insuran�e policies and proc��ds resulting from damage to the Pr�perty t�efore the ac�uisitian sha11 pass to B�nefi��ar�r to the extent af th�Secured Debt immediat��y before the acquisition. ��. ESCR�W F�R TA]{ES AND�NSURANCE.llnless oth�n�rise pro�rided in a separate agre�ment,Trustor wil!n�t b�re�uired to p�y to Beneficiar�fund�for taxe�and insuran��in es�r�w. �1. F�NANCIAL REPORTS AND A��lTI�NAL Q�CV�VIENTS.Trust�r w�ll pr��►ide ta Benefi�iary upon re�uest,any financia!sta�ement or infarmation Benefi�iary may�eern reasonably necessary.Trustor agrees to sign,deli�er,and fire any additi�nat do�uments or�ertificatians that Benef��iary rnay�ansid�r necessary to perfect,c�ntinu�,and preserr��Grant�r's obligatians under this Security Instrument and 6enefi�iar�r's li�n scarus�n the Property. ��. J�INT AND INDIVIDUAL LIA8tL1TY;t�-S�GNERS;SU�CESSQR5 AN�ASSlGNS B�UND.A!I dut�es und�r this Se�urity Instrument are jo�nt and indi�idual.If Trustor signs thi�Security lnstrument but does n�t sign an e�id�n�e�f debt,Trustar doe�so only to mortgage Trust�r's int�re�t in the Property ta se�u re payment of the Se�u red D�bt a nd Trusto�d�es not agree t�be persona I ly I ia b1e on the Secured Q�bt.If this Security Instrument seeures a guarant}�between Beneficiary and Tru�tor,Trustor agre�s to wai�e any rights that may pr��ent Benefi�iary from bringin�any action or�Eaim against Trustor�r any party indebted under the obligation.These rights may in�lude,but ar�not limited to,any anti-d��cien�y or�ne-action laws, Trustor ag rees tha�Ben�f icia ry a nd a ny party ta thi�Secu rity I nstru ment rna�r extend,madify or make a ny change in the term�of this�ecurity Instrument or any e�idence af debt with�ut Trustor's cons�nt.Such a change wil�not release Trustor from th�terms of�his Se�urity Instrument.The duties and benefits of this Security Instrument�haii bind and benefit the sut�essors and assi�ns�f Trustor and Benefi�ia�. �3, ARPLICABLE LA1rV;SEVERAB1LiTY;INTERPRETAT��N.This Secur�ty Instrument is go�erned by the laws of the jurisdiction in whi�h�eneficiary is Iotated,except to the extent otherwise r�quired by the laws�f the jurisdiction wh�re the Property is located.This Se�ur�ty Instrument is�omplete and fully integrated.This Security Instrument may nat be amend�d�r modifie�by�ral agreem�nt.Any s��tion in this S�curity Instrument,atta�hments,ar any agreement relat�d t�the Se�ured Del�t that��nfli�ts�nrith applicable law will not be effe�ti�e,uniess that law expressly�r impliedl�r permi�s the�ariations b}�vvritten agreement. If any se�tion of this Se�u rity I nstru ment�a nnat be enforted accordi ng to its terms,that sectian wil I b� se�ered and will nat affe�t the enforteabiltty of th�r�r�nainder af this Se�urity Instrument.lNhenever used, the singular shal!includ�the�lural and the plural the singular,The�aptions and head�ngs of the se�ti�ns of this Security�nstrument are for con�enience only and are not to be used to interpret or define the terms af this Se�urit�Instrur�r�ent.Time is of the�s5�nce in this S��urity Instrument. �4. SUCCESS�R TRUSTEE. Benefi�iary,at Beneficiary'�optian,may fr�m time ta time r�mo�e Trust�e and appoint a su��essa�'trustee rr�ithout ar�y oth�r formality th�n the design�tion in r�vriting,Th��u�cessor truste�, without�vnWeyan�e af the Property,shall suc�e�d t�all the title,pow�r and�iuti�s conferred u�an Tru�teQ by this Seturity Instrument and a�plitab�e lav+r. 25. N�TI�E.Un�ess otherwise required by�avr�,an�r notice shall be gi�ren b}r de�i�ering it�r b}�mailing it b}r first class ma�l to the apprapriate party's addres�an page� of this Se�urity Instrum�nt,ar to any ather address designated in writin�.Not�ce to an�trustor will be deemed ta b�notice to a1t trustars,Trust�r and Benefi�iar�hereby r�qu�st a�opy af any n�tiCe of default,and a�opy of any natic�af sa�e thereunder,be mai�ed to each party at the address for such party set forth on page� af this Se�urity lnstrument. (�c+9e 6 of 71 1994 UVolters Kluwer Fsr�ancial ServKes-Banker�5 s�ems ` �vrm USB•REOT•IV��11612�1� � ' _ Y