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��15�58�7 In th� e�ent that Benefi�iary fails to prv�ide any required natice vf th� right of r�scissian, ' B�neficiary wai�es any subsequent security interest in the Trusto�'s prin�ipa! dwell�ng that is created by this Security I nstrument. 5. DEED �F TRUST C�VENANTS. Tr�ustar a�rees that the co�enants in this section are material �bligations unde�the Secur�d Debt and this Security lnstrum�nt. !f Trustvr br�a�hes any co�enant in this sect�an, Benefi�iary may refuse ta make additional ext�nsions of Credit and reduce the credit limit. By nat exercising either remedy on Trusto�'s breach, Benefi�iary does not wai�e Beneficiary's right to later consider the e�ent a brea�h if it hap�ens again. Payments. Trust�r agrees that all payments under the Secured De�t will be paid when due and in accordance with the terms of the Secured Debt and this Se�urity Instrument. Prior Security Interests. With regard to any�ther rnartgage, deed vf trust, security agreement vr vther lien document that created a priar security interest or encumbrance vn the Praperty, Trustor a�r�es to make a11 payrnents when due and ta �erfarm �r comply with a�i �o�enants. Trustor alsv ag�ees nat t� a11aw any mvdification or ext�nsion of, nor to request any future ad�anc�s under any note ar agreement secured by the lien document without Benefi�iary's priar Written appro�al. Claims AgaYnst Title. Trustvr wil! pay al1 taxes �including any tax assessed to this De�d of Trust}, assessments, liens, en�umbran�es, lease payments, ground rents, uti�ities, and �ther charges relating to the Praperty when due. Beneficiary may require Trustvr to pro�id�to Beneficiary copies of a11 notices that such amounts are due and the receipts e�idencing T�ustar'� paym�nt. Trust�r will defend titfe t�th� Property against any elaims that would impair the lien af this Security Instrument. Trustvr agrees tv assign tv Benef�ciary, a� requested hy Beneficiary, any rights, clairns ��defenses Trustor rnay ha�e a�ainst parti�s who supply labvr or materials to maintain �r impra�e the Praperty. Property Candition, Alterati�ns and Inspectian. Trustor w�ll ke�p the Property in good condition and make al� r�pairs that are reasanably necessary. Trustor shall nat carnm�t or allow any waste, impairment, Qr deteri�ration ❑f the Property. Trustar agrees that the nature of the o�cupancy and use will not substantially change withvut Benefi�iary's prior written consent. Trustvr will nvt perrnit any �hange in any license, restricti�e co�enant or�asement without Beneficiary's prior writt�n cvnsent. Trustor wili notify Benef�ciary of af[ demands, proceedings, claims, and actians against Trustor, and ❑f any loss ❑r darnage tv the Property: � rt at an reasonable Beneficiary �r Ben�f�ciary's agent� may, at B�nefic�ary's vpti�n, ent�r the P ope y y tirne fvr the purpase of inspecting the Property. Beneficiary shall gi�e Tru�tar natice at the time of or before an inspectivn speGifying a reasanable purpose for the inspectivn. Any inspect��n af the Property shall �e entEreiy for B�neficiary's benefit and Trustar wi�1 in na v�ay rely on Beneficiary's inspectian. Autharity tv Perform. If Trustar fails to perfarm any duty �r any af the c��enants contained in this Security Instrument, Seneficiary may, with�ut n�tice, perform ar cause them ta be performed. Trustor appoints Benefi�iary as attorney in fact ta sign Trustor's name a� pay any amount necessary For perf�rman�e. Beneficiary's rrght to p�rform fvr Trust�r shall not create an obligativn to perf�rm, and Beneficiary's failure t� perform will nat preclude Beneficiary frvrn exercis�ng any of Beneficia�y's other rights under the law or this Security Instrum�nt Leasehvlds; Cond�miniums; Planned Unit Developrnents, Trustor agrees to comply with the prov�sivns af any lease if this Security Instrurnent is vn a leasehold. If the Prflperty includes a unit in a cvndominium or a planned unit de�elopment, TrustQ�will perform all nf Trustar's duties under the co�enants, by-laws, or r�gulat�vns af the condaminium ar planned unit development. Condemnation. Trustor will �i�e Beneficiary prvmpt natice of any pending or threatened activn, by private or public entities to purchase ❑r take any or all af the Property thraugh condemnation, eminent d�main, �r any other means. Trust�r authori�es Benefi�iary to inter��ne in Trusto�'S name in any of the aba�e descrihed activns or claims. Trustvr assigns to Beneficiary the pro�eeds of any award or claim f�r damages Cannected with a candemnativn �r ather taking af all ar any part af the Prape�ty. Such praceeds sha�l b� consider�d payrnents and wif! be applied as provided in this Security Instrument. This assignment of proceeds is subject to the terrns of any prior rnort�ag�, deed of trust, se�urity agreement or other lien dvcument. Insurance. Trustar shall keep Property insured against Ivss by fire, flovd, th�ft and ❑ther hazards and risks reasonably assaciated with the Prvperty due to its type and I�cation. This insur � shall be maintained in the amounts and for the periads that B�neficEary requir�s. What page 3❑f 7� _�994 WQEters I{fuwer Fin�nr_ial 5ervices-Bankers 5ystems Form USBD�P-DT-N�111�5J20'12