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��15�58�� . A�I insuran�e poli�ies and renewals shai!be aeeeptable to Beneficiary and shall in�lude a standard"rnortgag� clause" and, where app�ica�1�, "lass payee ciause."Trustar shall immediate�y notify Beneficiary af cancellativn or termination of the insuran�e.Beneficiary shal!ha�e the right to hold the poliCies and renewals.If Benefi�iary requires,Trustar shall immediately give to Beneficiary all re�eipts of paid premiums and renewal notices.�p�n loss,Trustor shall gi�e imrnediate notice to the insurance�arrier and Ben�ficiary. Benefi�iary may make proaf vf Ivss if n�t made imrnediately by Trustor. UnEe�s otherwise agreed in writing,all insuran�e pro�eeds shall be applied to the restaratian or repair af#h� Praperty ar to the Setured Debt,whether or n�t then due,at Beneficiary's apt�an.Any appli�atian of p�viceeds to principal shall not extend�r postpane the due date of the scheduled payment nar�hange the arnount af any payment.Any ex�ess wilf be paid to the Grantor.If the Property is a�quired by 6eneficiary, Trustor's righ�to any insuran�e pali�ies and proceeds resulting frorn damage to the Property before the acquisiti�n shall pass to Benefi�iary to the exten�of the Se�ur�d Debt immediatefy before the a�qui�ition, ��. ESCR�W FDR TAXES AND 1NSURANCE.Unles�vtherwise pro�ided in a separate agreernent,Trustor will nvt be required to pay ta Beneficiary funds�or taxes and insurance in es�raw. �'!. FINANClAL REP�RTS AND AaDITI�NAL D4�UIV�ENTS.Trustvr will pro�ide to Benefi�iary upan requ��t,any financial�tatement ar inforrnation geneficiary may deem r�asonably necessary.Trustor agre��to sign,deliver,and file any additianal doeuments�r certifi�atian�that Benefi�iary may ean5ider necessar�to perfect,continue,and pre�er�e Grantor's obligation�under this Security Instrument and Benef�ciary's lien status on the Property. ��. J�INT AND INDEVIDUaL LIABILITY;C�-S[GNERS;SU�CE55�R5 AIVD ASSIGNS B�UND.All duties under this Seeurity�nstrument are joint and indi�idual.�f Trustor signs this Se�urity InStrumen�but daes not sign an evidence of debt,Trustar does so only ta mar�gage Trustar's interes#in the Praperty to �e�ure payment ofthe Secured Debt and Trustvr dves not agree to be persanaliy liabie vn the 5ecured Debt.If this S�curity In�trurnent�ecures a guaranty be�ween Benefi�iary and Trustvr,Trustvr agrees to wai�e any rights that rnay pre�ent Beneficiary frvrn bringing any a�tion vr Claim against Trustar ar any party indebted under the ob[Egatian.These rights may include,but are not limited to,any anti-deficiency or�ne-action laws. Trustor agrees that 8enefic�ary and any party to this 5ecurity Instrument may ext�nd,madify vr make any �hange in the terms af this Security Instrument ar any evidenCe af deb�without Trustor's consent.Such a change w�C�not re[ea�e Trustor from�he terms of this Security Instrument.The duties and benefits of this 5ecurity Instrument shall bind and benefit the suc�essors and assigns of Trustor and Beneficial. 23. APPLICABLE LI4W;SEVERABILITY;INTERPRETAT��N.This Se�urity InStrurnent is go�erned by the laws af the�urisdi�tion in wh�ch Beneficiary is located,except to the extent otherwise required by th� laws of the juri�diction where the Property is Iocated.This Security In�trument is�amplete and fuily integrated.Thi�Se�urity In�trument may nat be amended❑�rnodified by vrai agreernent.Any sectian in thi5 Security Instrument,attachments,or any agreement related to the Se�ured Debt that confli�t5 with applicabfe law will not�e effective,unless that law expre��ly ar impliedCy permits the�ariations by written agreement. If any section of this Security Instrurnent cannot be enfor�ed a�cording to�ts terms,that se�tion will be se�ered and will not affect the enfar�eability of the remainder vf this Se�urity In�trurnent.Whenever used, the singular shall include the plural and the plural the singular.The�apti�ns and headings of the sections o� this 5ecurity Instrument are for�an�enienee vnly and are not ta be used t�interpret or define the terms of this Seeurity Instrument.Time is of the essence in this 5�curity Instrurnen�. �4. SUC�E55DR TRUSTEE. Benefi�iary,at Benef�ciary'�option,may frflrn time ta time remave Trustee and appoint a succ�55ar trustee without any�ther formality than the de5ignatian in w�i�ing.The successor trustee, withnut con�eyanee of the Property,shall succeed ta all th�title,pawer and duties�onferred upan Trustee by th�s Security In�trumen#and app�icable law. Z5. N�TICE.UnEess❑therwise required by law,any nati�e shaff be given by deEivering it or by mailing it by �irst class mail to the approp�iate party's addre5s on page� af this Security instrument,ar ta any other address designated in writing.Notice t��ne trustor will k�e deemed ta be natice ta all trustors.Trustar and Bene�iciary hereby request a cvpy of any notice of default,and a copy of any notice of sale thereunder,be mailed ta each party at the addres�f�r such party set�orth on page 1 vf this SeCurity lnstrument. (page 6 af 7) _1994 Wolter�}Cluwer Financiat 5er�ices-Bankers Systerns � Forrn U5B-i�Ef]7-IVE 1111 fi1201 Z �