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��15�5�55 .. In the e��nt that Ben�ficiary faifs to pro�Ede any r�quired natice of the right of res�ission, Beneficiary wai�es any subsequent se�u�ity interest in the Trustar's prin�ipal dwelling that is created by this Security I nstru m�nt. 5. DEED �F TRUST C�VENANTS. Trustor agrees that the co�enants in this s�ctivn are rnaterial abligatians under the �ecur�d Debt and this Security Instrument. If Trustvr �reaches any cv�enant in this section, Ben�f�ciary may refuse ta make additiona� extensians of credit and reduce the credit limit. By not exercising �ither remedy on Trustor's breach, Beneficiary dves nat wai�e Beneficiary's right t❑ �at�� cansider the event a br�ach if it happens again. Payments. Trustor agrees that all payments under the 5ecured aebt w�ll be paid when due and in ac�v�dance w�th the terms vf the Secur�d Debt and this Security Instrument. Priar 5ecurity Interests. With r�gard ta any other m�rtgage, d�ed vf trust, secur�ty agreement vr ather li�n document that�reated a priar security interest or encurnbranc� vn the Prop�rty, Trustor agrees to make all payrnents when due and t� perform or cornply with ail co�enants. Trustor alsa agrees not ta al�vw any modificati�n �r extensivn of, nor to request any future ad�ances under any n�te vr agreement s�cured by the iten dacurnent without Beneficiary's privr written appro�a�. �laims Agains�Ti�1e. Trustvr will pay all taxes �includin� any tax asses�ed ta this Deed of Trust}, a�s�ssrn�nts, liens, en�umbrances, lease payments, gr�und rents, utilities, and other charges r�lating ta th� Prvperty when due. Beneficiary rnay require Trust�r t� prv�ide t� Benefic�ary copies of all notices that such amvunts are due and the receipts��idencing Trustor's payment. Trustor will deFend titl� to th� Property against any claims that would impair the I��n of this Se�urity lnstrument. Trustor agre�s to assi�n to Beneficiary, as requested by Sen�ficiary, any rights, claims �r defenses Trustor rnay ha�e against parties wha supply labor or materials tv maintain or irnprove th� Property. Praperty�ondition, Alteratians and�nspection. Trustar will keep the Property in gaod c�ndition and rnake al! repairs that are reasvnably nec�ssary. Trustor shall not �omrnit or a!!ow any waste, impairment, or deteriaration �f the Pr�perty. Trustar agrees that the nature vf th�occupancy and use will n�t suk�stantially change withvut Ben�ficiary's p�ior w�itt�n cons�nt. Trustvr will nat permit any change in any license, restrictive ca�enant vr eas�ment without Beneficiary's privr written can�ent. Trustar will notify Beneficiary flf all dernands, p�ticeedings, claims, and acti�ns against Trust�r, and af any loss or damage tv th� Prvperty: nter the Pro ert at an reasanable Beneficiary or Ben�ficiary's agents may, at Benefi�iary's option, e p y y time far the purpose af inspecting the Property. B�neficiary shall give Trustar notice at th�time of vr bef�re an inspection specifying a reasonable purpos�fvr the inspe�tivn. Any inspectian af the Prvperty shall be entirely for Beneficiary's t�enefit and Trustor will �n no way re�y vn Beneficiary's inspectian. Authority to Perfflrm. �f Trustor fails to perf�rm any duty ar any of the co�enants contained �n this Security Instrument, Ben�ficiary may, without notice, perfvrrn vr �ause them to �e performed. T�ustor appoints Beneficiary as attorney in fact tv si�n Trustor's name ar pay any arnount necessary fvr p�rfarrnanc�. B�nefiCiary's �ight tv perfvrm fvr Trustar shall n�t create an obligation tv perfvrm, and Beneficiary's failure to perfvrrn will not preclude Beneficiary f�vm exercising any of Beneficia�y's other rights under the law ar this Security Instrument Leasehalds; �ond�miniums; Pianned Unit De�elopments. Trustar anrees tv com�ly with the pro�isivns ❑f any lease if this 5ecurity lnstrurnent is on a I�aseh�ld. ff the Prvperty inc�udes a unit in a candarniniurn �r a p[anne� unit d��elvpment, Trust�r will perform a�l of T�ustar's duties und�r the co�enants, k�y-laws, or re�ulations of th�condominium or pianned unit de�eivpm�nt. �ondemnation. Trust�r will gi�e B�neficiary prompt notice af any pending or threatened activn, by pri�ate or puk�lic entities to purGhase vr take any ar all of the Praperty thrvugh condemnativn, �minent domain, vr any ather means. Trusto�authorizes Ben�ficiary t� inter�ene in T�ustvr's name in any vf the abv�e described acti�ns �r�laims. Trustor assigns tn Beneficiary the �rviceeds vf any awar� or claim far damages connected with a condemnatian ar other taking of all or any part�f the Property. Such praeeeds shall be �ansidered paym�nts and wilf k�e appfi�d as p�o�ided in this S�curity lnstrurnent. This assignment of prviceeds i� �ubj��t to the terms of any prior martgage, dee�f vf trust, security agreement or other lien docurnent. Insurance. Trustvr shall keep Prvpe�ty insured against I�ss by f�re, flood, theft and other hazards and risks reasonably assaciated with the Praperty due tv its type and Io�ation. This insu�ance shali t�e maintained in the amaunts and for the p�riods that Beneficiary requires. What � �page 3 of 7} _7 994 W�fters ICluwer Financiaf Ser�ices-6ankers 5ystems* Form�Sa�CP-�T-NE"I"I 1161��1�