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<br /> Pro�erty �andition, Alterations and Inspection. Trustor wi11 keep the Praperty in good condition and
<br /> ma1�e aII repairs that are reasanably neCessary. Trustar shall nat commit or allaw any waste, impairment, ar
<br /> deterioratian of�he Property. Trustor agrees that th� nature of the occupancy and use will not suhstantially
<br /> change with�ut Beneficiary's pri�r written consent. Trustar wi11 not permit any change in any license,
<br /> restric�i�e cov�nant ar easement with�ut Benefi�iar�'s prior written cansent. Trustor will notify Bene�ciary
<br /> of a11 demands, praceedings, claims, and actions against Trustar, and of any l�ss or damage to the Prop�rty.
<br /> Beneficiary or B�n�fi�iary's agents may, at Beneficiary'��ption, enter the Prop�rty a�any r�asonable t�me for
<br /> the purpose af inspecting the Property. Ben��ciary shail gi�� Trustar natice aC the time of or before an
<br /> inspe�tian spe�ifyin�a reasgna�le purpase for the inspecti�n. Any�nsp�ctivn of the Prap�rty shall be entir�ly
<br /> for Beneficiar�'s benefit an�Trustor wi11 in na way rely on Benefic�ary's inspection.
<br /> Autharity to Perfarm, If Trustvr fails ta p�rform a�y duty or any of the cv�enants containe�in this Security
<br /> Instrument, Ben�ficiary may, without natice, perform or cause them to be perfarmed. Trustor appaints
<br /> Beneficiary as attorn�y in fa�t ta sign Trustor's name or pay any amount nec�ssary far performance.
<br /> Ben�ficiary's right tv perfarm for Trustar shall not crea�e an obliga�ion to perform, and Ben�f�ciary's failure
<br /> t� perform will not preclude Beneficiary from exercising any �f Beneficiary's ath�r rights under the law or
<br /> this Securi�y Instrument.
<br /> L�aseholds; �on�lominiumsy Planned Unit Developments. Trustvr agrees tv comply vvith the prv�isions of
<br /> any �ea�e if this Security Instrument is on a leasehold, If�he Proper�y includes a unit in a cand�minium or a
<br /> planned unit deWelapment, Trustor wi11 perform all flf Trustur's duties under the co�enants, b�-laws, or
<br /> regu�atians of the condaminium or pl anned unit de��lopment.
<br /> Condemnation. Trustar will �i�e Beneficiary promp�nvtice of any pending or threat�n�d a�tian, by priWate
<br /> or public entities to purchase ar tak� any ar a11 of the Property thraugh condernnation, eminent d�main, or
<br /> any other means. Trustar autharizes Beneficiary ta inter�ene in Trustar'�name in any of th� above de�cribed
<br /> actions ar claims. Tru�tor assigns ta Seneficiary the praceeds �f any av�ard or c�aim for damages c�ru�ected
<br /> with a condemna�ion ar other takxng of al� ar any part of the Property. 5uch praceeds sha�� be cans�dered
<br /> payments and will be applied as pro�ided in this Security Instrument. This assignment of proc�eds is subject
<br /> to the terms of any prior rnar�gage, deed of trust, security agreement or ather lien��cument.
<br /> Insurance. Trustar sha11 keep Property insured a�ainst ioss by �re, flaod, theft and ather hazards and risks
<br /> reasonably associated with the Property due to its type and lacatian. This insurance sha11 b�maintained in the
<br /> amaunts and for the periods that Beneficiary requ�res. �hat Beneficiary requires pursuant t� the pre�eding
<br /> two sentences can change during the term of the Secured Debt. The insurance carrier pro�iding the insurance
<br /> shall be chas�n by Trustar su�j�ct to B�neficiary's appro�al, which shall not he unreasonably withheld. If
<br /> Trust�r fails to maintain the cover�ge described abo�e, Senefi�iary may, at Beneficiary's option, ahtain
<br /> coverage ta protect Beneficiary's rights in the Property ac�ording ta th�terms of this Security Instrument.
<br /> A11 in�urance p�licies and renewais shall be accepta�le�o Bene�ciary and sha.l� include a standard "mortgage
<br /> clause" and, where applicable, "lvss payee clause." Trustor shall imm�diately natify Beneficiary of
<br /> canc�lta�ion or termination �f the insuran�e. Beneficiary shall have �he ri�ht t� hold the policies and
<br /> r�n�wals. If Beneficiary requires, Trustor shall imm�diate�y gi�e to Beneficiary all re�eipts af paid premiums
<br /> and renewal nvtices. Upon��ss, Trustar shali give imrnediate natice to�he insurance carrier and Beneficiary.
<br /> Beneficiary may make praaf of loss if not made imrnediately by Trus�or.
<br /> Unless atherwise agreed in�vriting, a1.1 insurance praceeds �hall be applied t❑�h� restaratian or repair of the
<br /> � Proper�y or ta the 5ecured Debt, whether or not th�n due, at Beneficiary's option. Any applicatian of
<br /> pro�eeds ta prin�ipal sha11 nvt extend or postpone the due date af the scheduled payment nor change the
<br /> am�unt of any payment. Any �xcess wil� be paid to the Trustnr. �f the Property is acquired hy Beneficiary,
<br /> Trustar's right to any insurance policies and proceeds r�sulting from damage ta the Property befare the
<br /> a�quisitian shall pass to Beneficrary to the extent of the Secured Debt immediately�ef�re the acquisitian.
<br /> �n�n�ial Reports and Additiona� I)ocuments. Trustor wi11 pr��ide to Beneficiary upnn request, any
<br /> financial statement ar information Beneficiary rnay deem reas4nably necessary. Trustor agrees to 51�I1y
<br /> deliver, and file any additinnal documents ar certi�ications�hat Beneficiary may consider ne�essary ta perfect,
<br /> c�ntinue, and preserve Trustor's obligations under this Security Instrument and Beneficiary's lien status on
<br /> the Pr4perty.
<br /> 5. WARRANTY �F TITLE. Trustar warranrs tha� Trustor is or will be lawfu��y seized of the estate convey�d
<br /> by this Security Instrument and has the right to irrevacably grant, c�nvey, and seil the Property t❑Trustee, in
<br /> trust, with power of sale. Trus�or also warran�s that the Property is unencum�ered, except for encumbrance�
<br /> of record.
<br /> 7. DiJE Q� SALE. Benefi�iary may, at i�s optian, declar� the entire balance of the Secured Debt tn be
<br /> immediately due and payable upon the creativn af, �r contract for the creation of, a transfer vr sa�e of a11 or
<br /> any part of the Frap�rty. This right is subject to the restrictians impased by federal iaw �12 C.F.R. 591}, as
<br /> appli�able.
<br /> 5ecurity�nstrument-Open-End-Consumer-NE ❑CP-REDT-NE 7�212�i 1
<br /> VMP�6ankers SystemsT� VMP-�465INE1 I1 1071.00
<br /> Walters Kluwer Financial Ser�ices C�1984.2Q11 Page 3�f 6
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