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��1 5�7�4� . Ali insurance polities and renewals shali be acceptable to Benefi�iary and shall in�lude a s�andard"martgage clause" and, where applicable, "loss payee ciause." Trustor shall immediately natify Benef�ciary of �an�ellativn vr terminativn af the insu�an��,Beneficiary shall have the right to h�ld the pvlicies and renewals.If Beneficiary requires,Trustor shall immediately gi�e ta Beneficiary all receipts ot paid prerniums and renewal n�ti�es.�pon loss,Trustor shafl give�mmediate notice ta the insurance carr�er and Beneficiary. Beneficiary may make praof af Ioss if nat made immediately by Trustor. Unless otherwise agreed in writing,all in�uranee proceeds$hail be applied to the re$taratian or repair of the Property or to the Secured Debt,whether ar not then due,at Benefi�iary's op#ion,Any appliCation of prviceeds to principal shaEl no�extend or pv�tpane th�due date of the scheduled payment nor change the amount o€any payment.Any ex�ess will be paEd tv the Grantar.If the Praperty is atquired by Beneficiary, Trustar's right to any insurance polieies and proceeds r�5ulting frvm damage�o the Property befvre th� acquisition shall pass ta Benef�eiary to the extent�f the Se�ured Debt imrnediately before the acquisition. 2�. ESCRaW F�R TAXES AND INSURANCE.Un�ess otherwise pro�ided in a sepa�ate agreement,Tru�tar will nat be required ta pay ta Beneficiary funds for taxes and�n5urance in es�r�w. 21. FINAN�IAL REP�RTS ANa ADDlTIQNAL DD�UMENTS.Trustor will pra�ide to Beneficiary upon reque�t,any financial statement or inforrnation Ben�ficiary may deem reasanably necessary,T�ustar agrees ta sign,deli�er,and fi�e any additiona!docurnents or certifi�ations that Ben�ficiary may�onsider necessary ta perfect,�ontinue,and preser�e Grantor's obligations und�r this Security Instrument and Benef'reiary's I�en status vn the Property. ��. J�INT AND INDlVIDUAL LfABILITY;CU-SIGNERS;SUC�E554R5 ANi]A551GN5 B�UND.All duties under this Se�urity Instrument are joint and individual.If Trust�r signs this 5e�urity Instrument but does nat sign an e�idence�f debt,Trustor daes so only to mortgage Trustor's interest in the Property t� se�ure paymen#�f the Secured Debt and TruStor does nat agree to be personally liakafe on the Se�ure�Debt.If thi�5ecurity Instrument secure�a guaranty between BenQficiary and Trustar,Trustor agrees ta waive any rights that may pre�ent Beneficiary frorn�rEnging any a�tian or elaim a�ainst Trustvr or any party indebted under the obligation.The�e rights may include,but are not�imited tv,any anti-deficienty or one-action laws. Trust�r agrees that Benefi��ary and any party to thfs Security Instrurnent rnay exter�d,rnadify or make any change in the terms of this Security Instrument❑r any e�idence of debt with�ut Trustor'S consent.Such a change will nat rplease Tru�t�r from the terms of this Se�urity fn5trument.The duti�s and benefits of this Se�urity Instrument shalf bind and benefit the 5uecessvrs and assigns of Trustor and Beneficial, �3. APPLICABLE LAW;SEVERABILlTI�;INTERPRETATI�N.This 5e�urity Instrurnent is go�erned by the laws of the jurisdiction in which S�neficiary is lacated,Qxcept to the extent otherwise required by the laws vf the ju�isdiction where the Property is laca�ed.This Security lnstrurnent�s�ompl�te and fully integrated,This Se�urity Instrument rnay not be amended or modified hy oral agreement.Any��ction in this Security lnstrument,attarhments,❑r any agreement related ta the Secured Debt that canfliCts with appli�able law will nat be efFecti�e,unless that faw expressly or implied�y permits the�ar�ations by written agreernent. If any section�f this 5ecurity Instrument�annot be enforced a�cording to its terms,that se�tivn w'rf I be severed and will n�t affeet the enfor�eability of the remainder of this Security Instrument.Whenever used, the singular shall includ�the plural and the plural the 5ingular.The�aptians and headings of the sectian�of this Se�urity Instrument are for e�n�enience anly and are not to�e u�ed to interpret or define the terms af this Seeurity In�trument.Time is of the essenCe in this Security lnstrument. �4. SUCCESS�R TRUSTEE. Ben�fi�iary,at Benefic�ary's optivn,rnay frorn time to time rerno�e Trustee and appaint a su�eess�r trus�ee without any ather forma lity than the designation in writing,The su�cessor trustee, without canveyance of the Property,shall succeed to alf the title,power and duties�onferred upon Tru�tee�y this Security Instrument and applieable Eaw. �5. N�T10E,Un�ess otherwise required by iaw,any noti�e shal!be given by delivering it vr by mai�ing it by first class mail ta the appropriate party's address on page 1 vf this Se�urity Instrurnent,ar to any athe� addr�ss designated in wri�ing.Notice ta ane trustor will be deemed to be nat�ce tv a!I trustars.Trustor and Beneficiary hereby request a capy❑f any notice vf default,and a copy of any notiee of sale thereunder,be mailed to each party at the address for su�h party set forth on page] vf this Se�urity Instrument, �page 6 o�T} _�994 Wolters Kluwer Finan�ial 5ervires-Banker5 5ystems * Farm L15B-REaT•NE 11/16/201�