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��15�35�4 �n the e�ent that�eneficiary fails to pra�ide any required noti�e of the right of r�scission,B�neficiary wai�es any su�sequ�nt se�urity interest in the Trustor's prin�ipal dwelling that is�reat�d by this Se�urity Instrument. 5. PAYMENTS.Trustor ag rQes that al[payments u nder the Se�ured Debt wi I I be pa�d when due a nd i n accardance with th�terms af the Secured Debt and this Security Instrument. 6. 11VARRANTY C]F TITLE.Trustor warrants that Trust�r is or wiil be lawfu�ly seized of the e5tate con�eyed by this Se�urity Instrument and has the right ta irre�oCab�y grant,con�ey,and sell the Property to Trustee,in trust,with pawer of sale.Trustor also warrant�that the Pr�perty is unencumbered,ext�pt far en�umb�an�es of re��rd. 7. PR[�R SECURITY INTERESTS.With regard to any other mortgage,deed of trust,se�urity agreement flr other lien docum�nt that c�eated a priar security interest or encumhran�e on the Praperty,Trustar agrees: A. Ta mak�al� payments when due and to perform or comply with all co�enants. �. To promptly�e�i�er to Benefi�iary any notices that Trustor recei�es from the holder. C. Nat to allaw any modificatian ar extension of,nvr tv request any future ad�ances under any nate or agreement se�ure� by the lien d�cument without B�nefieiary's prior written evnsent. 8. CLAIMS AGAINST TITLE.Trustor wi11 pay a!I taxes,assessments,fiens,en�um�rances,lease payments, g rou nd r�nts,uti I ities,and other eharges relati ng ta the Property when d ue.6enefi�ia ry may req u ire Trustor to pr��ide to Beneficiary�apies af ali n�ti�es that such amaunts are due and the rec�ipts e�idencing Trustar's paymen�.Trustor will defend title tv the Property aga�nst any claims that would impair the lien of thi� 5e�urity Instrument.Trustor agrees to assign to Benefi��ary,as requested by Ben�fi�iary,any rights,claims or�efenses Trustvr may ha�e against parties who supply labor or materia�s ta mainta�n�r impro�e the Property. 9. DUE�N SALE�R ENCUMBRANCE.Beneficiary may,at its opt�on,de�lare the entire balance of the 5ecured Debt to�e immediately due and payable upnn�he c�eati�n of,or contra��far the�rea�ian�f,any 1ien,en�umbrance,transfer or sale of all or any par�of the Property.This right is subject to the restri�tians imposed by federal faw�1�C.F.R.591},as appli�able.This�o�enant shal�run with the Praperty and shal� remain in effe�t until the Se�ured Debt is paid in full and�his 5e�uri�y Instrument is released. 'I�. PR�PERTY C�NDITl�N.ALTERATIC]N5 AND[NSPECTI�N.Trustor wi ll keep the Pr�perty i n good conditian and make all repairs that are r�asonably necessary.Trustor shal� not commit or alfow any waste, impairment,or deterioration vf the Property.Trustor wi�l keep the Prvpe�ty free of noxious weeds and grasses.Trustor agrees that the nature af the accupancy and use wEl�n�t substant�ally change without Ben�ficiary's prior written cnnsent.Trustor will not permit any change in any license,restricti�e co�enant or �asement w�thout Beneficiary's priar written�onsent.Trustor will not�fy Benefi�iary of afl d�mands, praceedings,�laims,and actions against Trustvr,and of any loss or damag�tv the Property. 8enefi�iary or Beneficiary's agents may,at Beneficiary's aption,enterthe Prapertyat any reasonabletimefor the purpase of inspeeting the Praperty.Beneficiary shall gi�e Trustor notice at the time of or before an inspection specifying a reasanable purpose f�r the irtsp�ction.Any insp�ctifln�f the Property sha�l be entirely for Benefic�ary's benefit and Trus�or will in no way rely on B�neficiary's inspection. "I 1. AUTH�RITY T�PERF�RM.If Trustar fails to perform any�uty or any of the co�enants cantained in this Seeur�ty�nstrument,Benefi�iary may,without nvti�e,perform�r�ause them to�e perfarmed.Trustar appoints Beneficiaryas attorney in fa�tto signTrustor's name or payany amount necessaryfor performance. Beneficiary's right to perform for Trustor shal! no�create an�bligati�n t�perform,and Benefi�iary's failure �o perform wili not preClude Benefi�iar-y frvm exer��sing any of 6eneficiary's ather rights under the faw or this Secur�ty instrument.If any�onstru�tian an the Pr�perty is dis��ntinued ar not carr��d an in a reasonable manner,Benefi�iary may take a!�steps necessary to prote�t Beneficiary's security inter�st in the Property, including completion of the construct�on. ! {page 3�f7} _1994 Walters Kluwer�inan�ial 5er�i�es-Bar�kers 5ystems * Form USg-RE�T-NE 1�1161�01� IJ �