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��15�35�4 AI�insurance policies and renewals shall�e a��eptab�e t�Benefi�iary and shall in�iud�a standard"mortgage clause" and, where app�i�able, "loss payee clause." Trustor shal� immediately notify Benefi�iary af can�ellati�n or termina�ion of the insurance.Beneficiary shail ha�e the rEght to hold the poli�ies and renewals.If Beneficiary requir�s,Trustor shall immediately gi�e ta Beneficiary all recei�ts af paid premiums and renewal noti��s.Upan Ioss,Trustor shal!gi�e immediate not��e�a the insuran�e�arrier and 6enefi�iary. Beneficiary may make proaf of Ioss if not made immediately by Trustor. Un[ess atherwise agreed in writing,al�insuran�e�roceeds shall b�applied ta the�estoration or repair of the Property or to the 5ecu�ed Debt,whether or not th�n due,at Beneficiary's option.Any appli�ation af pro�e�ds to principal shall not extend o�postpone the due date of the scheduled payment nor�hange the amount of any payment.Any excess will be paid t❑the Gran�or.If the Prop�rty is acquired by Beneficiary, Trustar's right to arty insuran�e p�li�ies and proceeds resulting from damag�to the Pr�perty before the a�quisition shall pass to Benefi�iary to the extent af the Se�ured Debt immediately bef�re the acqu�sition. Z�. ESCRC3W F�R TAXES AND INSU�ANCE.Unl�ss atherwise pro�ided in a separate agreement,Trustor will not be required ta pay to 6enefic�ary funds for taxes and�nsurance in escraw. 21. FINANCIAL REP�RTS AND ADDITI�NAL D4CUMENTS.Trustar wil�pro�ide ta Beneficiary upon request,any finan�ial statement or information Benef��iary may deem reasonably necessary.Trustor agrees to sign,deli�er,and file any additiana�documents�r�ertifications that Benefi�iary may consid�r ne�essary tv perfe�t,�ontinue,and preser�e Gran�or's vbligati�ns under this Security Instrumen�and Seneficiary's lien status an the Property. �Z. J�INT AND tNDIVlDUAL LIABILlTY;C�-51GNER5;SUCCESS�RS AND ASSIGNS B�UND.Ail duties under thi�Se�urity Instrument are joint and indi��dual.If Trustor signs this Se�urity Instrument but does not sign an e�idenc�of debt,Trustar d�es so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and T�ustor daes not agree ta be persanally liabf�an the Secured Debt.lf �his Security Instrument secures a guaranty between Benef�eiary and Trustor,Trustor agrees to wai�e any r�ghts that may pre�ent Benefic�ary from bringing any a�tion or ciaim agains�Trustar ar any party tndebted under the obligation.These rights may in�lude,but are nat limited to,any anti-deficien�y ar one-action laws. Trustor agrees that Beneficiary and any party ta this 5ecurity Instrument may extend,modify ar make any change in the terms af�his Security Enstrument or any e�idence of del�t with�ut Trustor's consent.5uch a �hange will not re�ease Trust�r f�am the terms of this Security Instrument.The duties and benefits af this Security�nstrument shall�ind and benefit the suecessors and assigns af Trustar and Benefi�ial. Z3. APPLICABLE LAW;SEVERABILITY;INTERPRETATI�N.This 5ecurity Instrument is go�erned by the laws of the jurisdiction in which Ben�fi�iary is Ivcated,ex�ept tv the extent otherwis�r�quired by the faws of the jurisdictinn where the Property is Eocated.This Se�urity lnstrument is complete and ful�y integrated.This Se�urity lnstrument may not be amended ar mvdifi�d by oral agreement.Any secti�n in this 5ecurity�nstrument,atta�hments,or any agreement r�lated to the 5e�ured Debt that conflicts with applicable law w�ll not be effe�ti��,unless that law expressly or impliedly permits the�a�iations by written agreement. �f any section af this Security Instrument cannot be enfor�ed aceord�ng to its terms,that se�tion will�e s��ered and will nat affect the enforceability of the remainder af this Se�urity Instrument.Vllherte�er used, the singular shall include the plural and th�plural the singular.The�apti�ns and headings of the se��ions of this Security lnstrument are for con�enience oniy and are nat ta�e used to interpret ar define the term�af this 5ecurity Instrument.T�me is of the essence in this 5eeurity Instrument. 24. SUCCESS�RTRUSTEE. B�neficiary,at Ben�ficiary's o�tion,mayfrom tim�to time remo�eTruste�and appoint a successor trustee without any ather farmality than the designation in writing.The su�cessor trustee, without con�eyan�e of the Property,shall succeed ta a!f the title,pawer and duties conferred upon Tru�tee by �his Security lnstrument and appli�abfe law. 25. N�TICE.Unless atherwise requ�red by law,any nvtice shali�e gi�en by deli�ering it or by mailing�t by f�rst elass mail ta the appropriate party's address on page 1 vf this Se�urity lnstrument,or to any other address designated in wrrting.Noti�e to one trustar will be deemed to be noti�e t�all trustars.Trustar and Beneficiary hereby request a copy of any notice�f default,and a copy of any nntice of sale thereun�e�,be maiied ta each party at the address for such party set fvrth on page 1 of this 5�curity I nstru ment. �page 6 of 7} 1994 Wolters Kluwer Finar►tiai Servi��5-Banker5 System5 * Form USg-REDT-NE"i'111512�"I� � �