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��15�3545 All insuran�e poli�ies and renewals shall be acceptable ta Benefi�iary and sha[I in�lude a standard"mortgage clause" and, where appiicable, '"1Qss payee clause." Trustor sha11 immediately notify Benefi�iary of cancellation or termination vf the insurance.Beneficiary shall ha�e the rig ht to ho l d t he pa licies an d renewals.If Beneficiary requires,Trustor shal�immediately gi�e to Benefi�iary all re�eipts of paid premiums and renewa� nvt�ces.lJpan ivss,Trustor shall gi�e immediate notice to the insurance carrier and BeneficEary. Benefi�iary may make proof of foss if not made immediately byTrustar. Unl�ss otherwise ag�eed in writ�ng,al!�nsurante praceeds shali be applied ta th�restoration or repair of the Praperty o�to the Secure� Debt,whether or not then�ue,at Benefi�iary's op�ion.Any appficatian of prviceeds to principal shall not extend a�postpane the due date of the schedul�d payment nor�hange th� amount flf any payment.Any ex�ess will be paid to th�Grantor.If the Prvperty is acquired by Beneficiary, Trustor's right to any insuran�e policies and pr��eeds resulting from damage ta the Property before the acquisition shal� pass to Beneficiary ta the extent of the Secured Debt immediately before the acquiSit�Qn. 7�. ESCR�IN FqR TAXES AND INSURANCE.Un�ess vtherwise pro�ided in a separat�agreement,Trustor will not be required to pay to Benefi�iary funds fvr taxes and insurance in es�row. �1. FINANCIAL REP�RTS AND ADDlTI�NAL D�CUIIIIENTS.Trustor will pra�ide t�Benefi�iary upon request,any finan�ial statement�r information Benefi�iary may d�em reasonably ne�essary.Trustor agrees to si�n,deli�er,and file any add�tivna!documents or certifi�ations that Beneficiary may consi�er necessary to perfect,�ontinue,and preser�e Grantor's ab�igatinns und�r this Se�urity Instrument and Benefi�iary's lien 5tatus on th�Praperty. �2. J�INT AND lNDIVIDIJAL LlABIL1TY;C�-51GNER5;SUCCESS�RS AND ASSIGNS BUUND.All duties under this S��urity lnstrument are joint and indi�idual.If Trus�vr signs this Security Ins�rument but does nat sig n an e�iden�e of debt,Trustor does so�n�y to mortgage Trustar's i nterest i n the Property to secure payment of the Secured Debt and Trustor d�es not agree to be persona��y liable on the Secured Debt.If this Security Instrum�nt secures a guaranty between Beneficiary and Trust�r,Trustor agrees to wai�e any rights that may pre�ent Beneficiary from bringing any act�an or claim against Trustor or any party indebted under the obligativn.These rights may include,but are nat fimited to,any an�i-defi�iency❑r one-ac�ion laws. Trust�r agrees that Beneficiary and any party to this Se�urity lnstrument may extend,modify ar make any change�n�he terms of this Security instrument or any e�id�nce af debt without Trustor's cansent.Such a change will not rel�ase Trustor from the terms of this Security Instrument.The duties and benefits of this 5e�urity instrum�nt sha11 bind and benefit the success�rs and assigns❑f Trustor and Benefi�Ea1. 23. APPLICABLE LAIN;SEVERABILITY;INTERPRETATI4N.This Security Instrument is go�erned by the�aws of the ju�isdi�tion in which geneficiary is focated,except tn the extent otherw�se requir�d by the laws�f the jurisdi�tion where the Property is located.ThiS 5e�urity Instrument is�omp�ete and fu11y i nteg rated.Th is Secu rity I nstru ment may not be a mended or mod ified by oral agreement.Any section i n this 5ecurity lnstrument,attachments,or any agre�ment related to the S��ured Debt that confli�ts w�th applicable law w�l!nat be effe�ti�e,unless that law expressly or impliedly permits the�ariations by wri�ten agreemen�. If any section of this Se�urity Instrument cannat b�enfor�ed ac�ording to its t�rms,that se�tion wil�be se�ered and will not affe�t the enfor�eabi�ity of the remainder of this Se�urity Instrument.Wh�ne�er used, the singu�ar shail include the plural and the piural the singular.The captions and headings of the sectians af this Security�nstrument are for Con�enien�e only and are nat to�ae used to interpret or define the terms�f this 5��urity�nstrument.Time is of the essence in th�s 5ecurity lnst�ument. 24. SUCCE55�R TRUSTEE. Beneficiary,at Benefi�iary'�option,may from t�me to time remo�e Trustee and appaint a su��essor trustee withflut any other formality than the�esignation in writing.The suc�essor trust�e, without�on�eyan�e of the Praperty,shall succ�ed to al1 the title,p�wer and duties canferred upon Trustee by this Security Instrument and appli�ak�le Eaw. 25. N�T�CE.Unless otherwise required by law,any notice shall be gi�en�y delivering it ar by mailing it by first�Eass mail to the appropriate party's address on page� of this Se�ur�ty Instrument,or to any nther address d�signated in writing.Noti�e to one trustor will�e deemed ta be natice ta all trustors.Trustvr and Beneficiary hereby request a capy of any notice of default,and a capy af any notice af sale thereunder,be mai�ed to each party at the a�dress for su�h party set forth on page 1 of this 5e�urEty Instrument. (pa of 7� �994 Wolters Itluwer Fir�ar��ial Services-Bankers Systems * Form USB-REDT-N�1111 fi12�12