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��1 5�687�
<br /> 1'roperty Cond�t�on, Ai�era��.ons and Inspection. Trustar wiXl keep the Praperty zn good condi�ion and
<br /> make all repairs �hat are rea�anabiy necessar�. Trustar shall nat cnmrnit ar allow any waste, zmpairment, ar
<br /> deter�ora�ion of the Property. Trustnr agrees tha� the nature of the occupancy and use vu�ll nat su�stan�ially
<br /> change v�ri�haut Beneficiary's prior writ�en consent. Trustar wi11 not perm�t an� change in any license,
<br /> restricti�e coWenant or easement ���haut $eneficiary's prior wri�ten consent. Trustor will natzfy Benefi�iary
<br /> of all demands, proceedzngs, �Iaims, and actions against Trustor, and�f any loss ar damage to the Prapert�r.
<br /> Bene�ciary ar Bene�ciary's ag�nts may, at Bene�ciary's op�ion, enter the Property a�an� reasanabl�time for
<br /> the purpose of inspecting the Property. Benefi�iar� shal� give Trustor notic� at the t�me of or before an
<br /> insp�cti�n spe�ifying a reas�nab�e purpflse for the inspe�tian. An�r inspect�on of the Property shall b�entirely
<br /> for Beneficiar�'s benefit and Trustor vc�ill in no v�ay r�ly on Beneficiary's inspectian.
<br /> Authority to Perform. If Trustor fail� to perfarm any duty� or any af th�coWenan�s conta�ned �n thi� Security
<br /> Instrument, Beneficiary may, wi�hQut noti�e, perform or cause th�m to be performed. Trustor appoints
<br /> Benef�ciary as attarney in fac� to sign Trustor'� name �r pay any amount nec��sary far performance.
<br /> Benef�ciary's right to perform far Trustor �hal� nat create an obl�gat��n to perform, and Beneficiary'� failure
<br /> to perforn� wii� not pre�lude Ben��"i�iary frflm exer�ising any of Beneficiary's other rights unde� th� 1aw or
<br /> thz s Security �nstrument,
<br /> Leaseha�ds; �ondomxn�ums; Planned Unit Developm�nts. Trustvr agree� ta comp�y with the pro�is�an� of
<br /> any lease if this SecuritW rnstrum�nt is �n a I�asehalci. Yf the Froperty includes a unit �n a condaminium or a
<br /> planned unit d�vel�pment, Trus�or �ili perfarm a11 of Trustar's duties under �he co�enan�s, by-Iaws, ar
<br /> regulatxons af the condominium or p�anned unit de�velopment.
<br /> Cnndemnation. Trus�or w�II gx�e Seneficiary prompt notice of any pend�ng or threatened a�tion, by pri�ate
<br /> or pubiic entities tn purchase ❑r take any or a�� of the Property through �an�i�mnat�on, eminent domain, or
<br /> any a�her mean�� Trustar autharizes Beneficiar� t� int�rven� in Trustor's name �n any of the above d�scrzbed
<br /> ac�ions or claims. Trustor assi�ns t� Benefxciary �he pr�ceeds of any award or �lairn f�r damages eannected
<br /> with a condem.nation or a�her taking of al.l or any par� of�he Property. Such proceeds shall be Gonsid�red
<br /> payments and will b� app�ied as provided in�his Securzty Instrument. This assignm�nt �f pr�ceeds is su�ject
<br /> �o the terms of any pr�or mortgage, deed af trust, securit�agr��ment or other lien da�ument.
<br /> Insurance. Trustor �hall keep Prapert� Ynsured against Ioss by fir�, flaod, theft and ather hazards and r�sks
<br /> reasona�ly assoczated vvi�h the Property due ta its t�pe and Xocation. This insuran�e shall be maintained in the
<br /> amounts and for the p�riads that Beneficrary requires. 'V�hat Ben�ficiary requires pursuant to the pr�cedzng
<br /> two sentences �an change during�he term of the Secured I]ebt. The insurance �arri�r pr��rzdYng the insuranc�
<br /> shall be chosen by Trustor subje�t to B�nefieiary's apprflval, which shall nat �� unreasonably wi�hheld. If
<br /> Trus��� fa�ls to maintain the c��erage d�scribed ab�ve, Bene�ciar� may, at B�n�ficiary's aption, �btarn
<br /> coverage ta pr�te�t Beneficiary's raghts in th� Prop�r�y ac�nrding ta the t�rms af�h�s Security Instrument.
<br /> AII ins�rance polici�s and renewals �hall be acceptabie t� �en�ficiary and shall �nclude a standard "mortga�e
<br /> clause" an�, vvhere appixcable, "lo�s payee c�ause." Trustor shail immediately nat�fy Beneficiary of
<br /> �ance�lation or terminatian of the in�urance. Beneficiary shall ha�e the right to hold the po�i�ies and
<br /> renewa�s. Zf Beneficiar� requires� Trustor sha11 immediately give ta Beneficiary all receipts of paxd premium�
<br /> and renewa� natices. Upon loss, Trustor�hall give irnmediate notice to the insuran�e �arrier and��nefi�iary.
<br /> Benefi�iary may make pro�f af lass�f nat made immediatel�r b�Trustor.
<br /> Unless otherwise agreed in writxng, all insuran�e pr�c�eds shalX b� applied to th� restoration or repair of the
<br /> Property or to the S�cured Debt, whether ar not then due, at Beneficzary's aption. Any appli�a�ion of
<br /> proceeds to principal sha�I not e�tend ar pastpone the due date af the scheduled payrnent nor �hanbe th�
<br /> amaunt af any payment. Any exce�s w�l� be paid t� the Trustar. Yf the Property is aGqu�red by Seneficiary,
<br /> Trustor's right to any insuran�e policies and pr�ceeds resu�Cin� from dama�� ta the Pr�perty �efore the
<br /> acquisi�ion shall pass ta Beneficiary to th��xtent�f the Secured Debt immed�ately before the acquisi�ian.
<br /> Financral Reports and Addxtxonal �]vcuments. Trust�r wiii pro�ride to Benef�ciary upan request, any
<br /> financYal statement or informat�on Bene�ciary may deem reasonably ne��ssary. Trust�r agree� to �ign,
<br /> delx�rer, and file an�additi�nal documents or certrfi�ations tha�Beneficiary ma��onsider necessary to perfect,
<br /> cant�nue, and preserve Trustar's vbligatians under this Securi�y �nstrumen� and B�neficiary's 1�en status �n
<br /> the Praperty.
<br /> �. �'AI�1tA�TY QF'�"ITI�E, Trustor v�arran�s that Trustar xs or will be lawfully seized of the es�ate Gonveyed
<br /> by this S�cur��y�nstrument and has Che right to irrevacably grant, �onvey, and s�li �he Praper�y t� Trustee, in
<br /> trust, vvith power af sa1e. Trustor a�so warrant� that the Proper�� is unencum�ered, ex�ept f�r encumbrances
<br /> o f reco rd.
<br /> 7. DUE OI� SALE. B�n�fi�iary may, a� xts op�ion, d�clar� the ent�re balance ❑f the Secuared I7�bt ta be
<br /> zmmediately due and payab�� ugan the creation of, �r contract far the cr�atian of, a transf�r or sal�of all or
<br /> any par� af�he Prop�rty. This righ� is subject ta the restric��ans imposed by federal Xaw (12 �.F.R. 591�, as
<br /> applicable.
<br /> Security Inst��ment-apsn-End-Cansumer-NE �CP-REDT-N� 712!2D�1
<br /> VMPD�ankers 5ystemslM VMP-C4E5�N�y �1 107y.44
<br /> Wolters Kluwer Finan�ial 5er�ices�1994,2011 page 3 af�
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