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��15�5�5� Afl insurance poli�ie�and renewafs shall be a��eptable to Beneficiary and�hafl include a standard"mortgage �lause" and,where applicable, "loss payee clause." Trustor shall irnm�diat�ly notify Beneficiary of �an�ellation ar termination af the insurance.Bene�ciary shall have the right to hold the palicies and renewals.�f Benefitiary requires,Trustar shall immediately gi�e ta Beneficiary at�r��eipt�of paid premiums and renewal notices.Upon lass,Trustar shall gi�e imrnediate natice ta the insurance carrier and Benefi�iary. Beneficiary may make proo�vf loss if not made imrnediateiy by Trustor. LJnless otherwise agreed in writing,all insuran�e pr��eeds shal�be appiied to the restarati�n or repair of the Property or tv the Secured Debt,whether ar nat then due,at Beneficiary's vption.Any applicativn❑t pro�eeds t�principal shali nat extend ar pastpone the due date of the scheduled payment nar change the amount vf any�ayment.Any excess will�e paid to th�Grantvr.If the Property is acquired by Benefi�iary, Trustor's right to any insuran�e po�icies and praceeds resulting frvrn damage to the Praperty before the acquisition 5hall pass to Benef�ciary to the extent of the Setured Debt imrnedia�eiy be�ore the a�quisit��n. Z0. ES[R�W F�R TAxES AND ENSURANCE.Unless otherwise pro�id�d in a�eparate agreement,Trustor will na�be requirQd to pay tv Benefi�iary funds for taxes and insuran�e in es�row. Z1. FINANCIAL REPaRTS AIVD ADO�TI�NAL[]�CUMENTS.Trustar will pro�ide to Beneficiary upon request,any f�nanCiai statement ar infvrrnativn Beneficiary may deem reasvnabiy necessary.Trustor agrees to s�gn,deliver,and file any additi�nal do�uments or certifi�ations that Beneficiary may�onsider necessarytv perfect,continue,and preser�e Grantar's ob�igatians under this Security Instrument and Benefieiary's i�en statu�on the Prope�ty. 22. J��NT AND INDIVIDUAL LIABIL[TY;C�-SIGNERS;SUC�E55�R5 AND ASSIGNS B�UND.A11 duties under this Se�uri�y In�trument are joint and individual.If Trust�r signs thi�5�eurity Instrument but daes not sign an e�iden�e of debt,TruStar does so only ta martgage Trustor's interest in the Property to se�ure payment of the Secured Debt and Trustar dops not agree to be personally I ialale an the Se�ured Deht.If this 5ecurity Instrument secures a guaranty between Beneficiary and Trustor,Trustvr agrees to waive any rights that rnay pre�ent Benefic'rary from bringing any a�tion or claim against Trust�r or any party indebted under�he abfigation.These rights may include,but are not limited ta,any anti-defieieney ar one-actian laws. Trustar agre�s that Beneficiary and any party�o this Security Instrument may extend,m�dify or make any change in the term5 of#his 5ecurity InStrument or any e�iden�e vf debt without Trustor's con5ent.Such a ehange will nat release Trustor from the terms o�this Se�urity[nstrument.The dutEes and benefits of this Se�urity Instrument$hall bind and benefit the su��essor�and assigns of Trust�r and Beneficial. �3. APPL�CABLE LAW;SEVERABILITIf;INTERPRETATI�N.This Se�urity lns�rurnent is go�erned by th�laws of the�urisdiction in which Benef�ciary is located,except to the extent otherwi$e required by th� laws afthe jurisdi�tion where the Pr�perty is located.This Se�urity In�trument is�nmplete and fully integrated.This Se�urity Instrument may nvt�e amended or rnadified by aral agreernent.Any sectian in�his Security Instrument,atta�hments,or any agreement related ta the Secured❑eb�that confli�t5 with applicable law will not be effective,unless that[aw expressly or�mpliedly permits the�ariations by written agreernent. If any section af thi�SeCurity lnstrument cannot be enforced a��ording to its terms,that sectian will be severed and will nat affect�he enforceability af the rernainder af this Security Instrurnent.V1lhenever used, the singular sha11 inrlude the p�ural and the plural the singu�ar.The eaptions and headings vf the sections❑f this Security In�trurnent are far can�eniente nnly and are not to be used t�interpret or define the term$of this Se�urity lnstrument,Tirne iS af the essence in this 5�curity Instrument. Z4. SUCCE55�R TRUSTEE. Beneficiary,at Bene�iciary'�vption,may fr�m time tfl time remo�e Trustee and appoint a su�cessnr trustee without any ath�r formality than the designation in writing.The suteessor trus�ee, withau��on�eyan�e vf the Property,sha11 5u��eed ta all the title,power and dut�es conferred upan Trustee by this Security�nstrurnent and app�icable law. �5. IVaTICE.llnless atherwis�re�uired hy law,any natice shall be gi�en by de�i�ering it or�y rnailing it by first�lass mail#o the appropriate party's address on page� of this Security Instrument,ar to any other address de�ignated in writing.Notice to one tru�tor wii�be deemed�o be notice t❑all trustors.Tru�tor and Beneficiary hereby request a cvpy of any natiee of default,and a copy of any nvtice�f sa�e thereunder,be mai�ed ta ea�h party at the address for such party set�orth on page 1 of this Security lnstrument. (page 6 f 7} W � � _1994 Wolters IC�uwer Financial 5ervi�es-8ankers Systerns Farrn L15B-RE[]T-N�111161�01�