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��1 5�7�4� In the e�ent that Beneficiary fails to pro�ide any required r�atice a�the right of rescission,Benefi�iary waive� any subsequent se�urity interest in the Trusta�'s prin��pal dwelling that�s created�y this Se�urity Instrument. 5. PAYIVIENTS.Trustor agrees that a�l paym�nts under the Secu�ed Debt wEil be paid when due and in a��rdance w�th the terms of the Se�ured aebt and this 5ecurity Instrurnent. 5. WARRANTY�F TITLE.Trustar warran�s that Trustor is vr w�ll be lawfully seized of the estate can�eyed by thi5 S�curity 1n5trument and has the right to Erreuo�ably grant,can�ey,and sell the Property tv Trustee,in trust,with power af�ale.TruStor also warrants that the Praperty i5 unencurnbered,exC�pt far�n�umbrances vf record. 7. PRIaR SECLJRITY ENTERESTS.With regard to any other rnortgage,deed of trust,se�urity agreernent or oth�r iien document that�reated a prior se�urity interest�r encurnbrance on the Property,Trustar agrees: A. Ta make all payments when due and to p�rfarm ar comply with all cv�enants. B. To prarnptly deli�er to Beneficiary any noti�es that Trustor recei�es from the hvlder. C. Not to aifow any modification or extension of,nor t❑request any future ad�an�e�under any note or agreement secured by the lien document without Benefic�ary's prior written Cansent. 8. CLaIMS AGAINST TITLE.Trustor will pay all taxes,assessments,liens�encumbrances,fease payrnents, ground rents,ut�lities,and other charg�s relating ta the�roperty when due.B�neficiary may require Trustor to pro�ide to B�nefi�iary copies of af!notices tha�such amounts are due and the reteipts e�idencing Trustor's paymQnt.Trustar will defend title to the Property against any�lairns that wauld impair the lien of thi� Security Instrument.Trustor agree5 to assign ta Beneficiary,as requested by B�nefi�iary,any rights,�laim� ar defenses Trustor may ha��against parties who supply!al�or or material5 to maintain vr impro�e the Property, 9. DUE�N SALE OR EIVCUMBRANCE.Beneficiary may�at its option.declare the entire balance of the Se�ured Debt tv be imrnediately due and payable upon the creation of,�r contract for the creation af,any lien,encumbrance,�ransfer ar sale of al�ar any part❑fthe Prvperty.This right is subje�t to the restrictians imposed by federal�aw{1�C.F.R.591],as applicable.This tovenant shall run with the Property and shall remain in effe�t until the Secured�ebt i�paid in fuff and th�s Security lnstrument is released. 10. PR�PERTY COh1DIT��IV.ALTERATI�IVS AIVD INSPECTI�N.Trustor wi��keep the Property in good condition and make all repairs that are reasonably ne�essary.Trustvr shall not commit or a!!ow any waste, impair�ment,or deteriaratian af the Property.Trustor will keep the Property free of noxivuS weeds and grasses.TruStor agrQes that the nature of the occupancy and use will not subs�antially change without Beneficiary's prior written consent.Trustor will not perrnit any�hange in any li��nse,restri�tive c�venant or easement without Beneficiary's privr wr�tten consent.Trustor wil!notify Beneficiary❑f all dernands, proceedings,�laimS,and actions again5t Trustar,and of any lo�s ar damage tv the Property. Benef�ciary or Beneficiary's agents may,at Beneficiary's aption,enter the Property at any reasanable time for the purpose of i nspecti ng the Property.Beneficiary�hall gi�e Trustor notice at the ti me of or befare an inspection specifying a reasanable purpose for the inspeCtivn.Any inspe�tian vf the Property shali be entirely for Beneficiary's benefit and Tru$tor wi�l in no way rely an Benefi�iary's inspe�ti�n. "I"I. AIJTH�RITY T�PERF�RM.If Trustor fails to p�rForm any duty or any❑f the ca�enants contaEned in this Se�urity Instrument,Beneficiary rnay,without natice,perf�rm or�ause them to be perfarmed.Trustor appaints Ben�fi�iary a$attarney in fa�t to sign Trustor'�name or pay any arnount ne�essary for performanee. Beneficiary's right to perform for Trustar shal!not create an obligation to pertorrn,and Benefi�iary's�ailure �v perform wilf not preclude Benefi�iary from exercising any vf Beneficiary's other r�ghts under the law or this Se�urity Instrument.I�any�onstructivn nn the Proper�y i�discontinued or nat�arried on in a reasonable manner,Beneficiary may take a!!steps ne�e��ary to pratect Beneficiary'�security intere�t in the Praperty, including completion of the �onstruction, (page 3 of 7 _1494 Wolters Kluwer Financia�5ervices-8ankers 5ystem5 * Form USB-REDT-NE�11i fi12012 � �