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��15��835 . All insurance poii�ies and renewals shall be aeceptable to genefi�iary and shall in��ude a 5tandard"rnortgage elause" and, �vhere applicable, "loss payee clause." Trustor shall immediately r�fltif�r F3eneficiary o�' caneellati�n or terminatian af the in�urance.Beneficiary�hall ha�e the right to hold the policie�and �enewals.If Benef�ciary requires,Trustar shall immediately gi�e to Seneficiary all re�eipts of paid premiurns and renewal notices.Upon Ioss,Trust�r shall gi�e imrnediate noti�e to the insuran�e carrier and Beneficiary. Benefi�iary may make proof of fass if n�t rnade imrnediately by Trustor. Unless otherwise agreed in writing,a!!insurance prviceeds shal!be applied to the restoration or repair of the Property or to the Secured Debt,wh�ther or not then due,at Beneficiary's optian.Any application of proceeds to principa�shall n�t extend or postpone the due date of the scheduled payment nor change the amaunt af any paymen�.Any�x�ess►rvill�e paid t�the Grantor.If the Property i5 acquired by Beneficiary, Trustor's right to any insurance paii�ies and pra�eed�resulting�rvrn darnage to the Property before the a�quisitian shall pass to Beneficiary ta the extent of the Secured Debt immediat�ly before the acquisition. ��. ESCR�W F�R TAxE514ND INSURANCE.Unless otherwise pro�ided in a separate agreement,Trustar will nvt be required ta pay to Benef��iary funds for taxe�and insuranee�n escrow. ��. FiNANCIAL REP�RTS AND ADDlTI�NAL D4CUMEIVTS.Trustar w��l pro�ide to Beneficiary up�n request,any financial statement or infarmation Beneficiary may deem reasonably ne�essary.T�uStor agrees to sign,deliver,and file any additianaf documen�s❑r certifications that Beneficiary may cansider necessary to perfe�t,continue,and pre�er�e Grantvr'�obligatians under this Seeuri�y Inst�urnent and Beneficiary's lien status vn the Property. �2. J�INT AN�INDIVIDUAL LIASILITY;Ca-SIGNERS;SUCCESS�RS AND ASSIGNS B�UND.All duties under this Se�urity Instrurnent are joint and indi�idual.if Trustar signs thi�Se�urity lnstrument but doe�nat sign an e�Edence of debt,TruStor da�s so only to rnor�gage Trustor'�interest in the Property�o secure payment of the Secured❑ebt and Trustor daes not agree to be personally liabie an the Secured De�t.If this Security instrument secure�a guaranty between Benefi�iary and Trust�r,Trustor agree$to wai�e any rights that may pre�ent Bene�iciary from bringing any action o�claRrn against Trustor or any party indebted under the obligation.These rights may�n�lude,but are not lirn�ted t�,any an�i-deficiency ar oneTact��n laws. Trustor agrees that Benefic�ary and any party to this Security lnstrument may ext�nd,modify or make any change�n the xerms o�this Security�nstrurnent or any e�iden�e of�ebt without Trustor's consent.Su�h a change wi!!not relea�e Trust�r frorn the te�ms of thi�Secu�ity Instrurnent.The duties and benefits ofthis Seeurity lnstrument shall bind and benef��the success�rs and assigns af Trustvr and Beneficial. �3. APPLICaBLE LAW;SEVERABILITY;INTERPRETIo►TIQN.This Security Instrum�nt is go�erned by the laws of the juri5di�tion in which Beneficiary is lacated,except to�he extent otherwise required by the laws of the jurisdiction where the Property is Io�ated.This Security Instrument is cvrnplete and fufly integrated.This 5ecurity Instrument may n�t be amended or modified by oral agreement.Any se�tion in this Se�urity InStrument,atta�hments,ar any agreement rela�ed ta the Se�ured Debt that conflicts with applicab�e law wi11 not be�ffecti�e,unle�s that 1aw expressly❑r impliedly permits the variations by written agreernent. I�any section of this Security Instrument cannat be enforced accarding t�its terms,that section will be se�ered and wiil nat affectthe enf�rceability afthe remaind�r�f this Security Instrument.Whene�er used, th��ingular$hall En�iude the plural and the plurai the singular.The captions and headings of the se�tions of this 5e�urity Instrument are for con�enience anly and are not to be used to interpret vr define the term�af this Se�urity Instrument.Time i5 vf the essen��in thi�Se�urity lnstrument. �4. SUCCE55�R TRUSTEE. Benefi�iary,at Beneficiary's vption,rnay from time to time remo�e Trustee and appain�a suc�essor trustee without any vther formality than the designation in vvriting.The�u�cessor trustee, without con�eyance of the Property,shall succeed to all the title,power and dutie�conferred upon Trustee hy thi$Seeurity fnstrurnent and appiicable law. Z5, N�TICE.Unless❑�her►rvise required by�aw,any nflt��e sha11 be gi�en by deli�ering it ar by mailing it by first�lass mail to the appr�priate party's address❑n page 1 0�this Seeurity instrument,or to any�ther addre5s designated in writ�ng.Not��e to ane trustor will be deemed�a be nv�i�e to all trustors.Trustor and Beneficiary hereby reque5t a cvpy af any n��i�e of default,and a�opy of any nvtice of sale thereunder,be mailed to each party at the address for such party��t forth on page 1 of this Security Instrument. � ; (page 6 a 7 _1994 Wofters I{iuwer financial 5ervice5-Bankers 5ystems +� Form USE3-REDT-IVE�71�fi12��12 '�