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2� 15�7525 <br /> �n�he e�ent that Benefi�iary fail�ta pro�ide any�equired noti�e of the right of rescission,Benef�ciary wai�es <br /> any subs�quent se�urity inter�st in the Tru�tor's prir��ipa1 dwelling that�s creat�d by this 5ecurity <br /> lnstrument. <br /> 5. PAYMENTS.Trustvr agrees that al!payments under the Se�ured Debt wil�be paid when due and in <br /> accordance wi�h the terrns of the Secured Debt and this Security <br /> Ins�rument. <br /> 6. 1NARRANTY�F TiTLE.Trustor warrants that Trustor is or wi�!be lawfully se�zed af the estate ean�eyed <br /> by this Se�urity�nstrument and has the right tv irrevocably grant,con��y,and sell the Property to Trustee,in <br /> trust,with power of sale.TruStar afso warrants that the Property is unen�umhered,except for en�umhranees <br /> of re�o�d. <br /> 7. PRI�R SEtURITY INTERE5T5.INith regard tv any other mor#gage,deed of trust,security agreement or <br /> vther fien documentthat ereated a prior seeurity interest orencumbranCe an the Prvperty,Trustora��ees: <br /> A, To mak�aff payments when due and ta perfarm or comply with all co�enants. <br /> B. To promptly deli�er tv Beneficiary any nvtices that Trustor recei�es from the holder. <br /> C. Not to allow any modifi�ation o�extension of,nor�o reque�t any future ad�ances under any note ar <br /> agreement secured bythe lien documentwithout Beneficiary's privrwritten consent. <br /> 8. CLAIMS AGAINST TITLE.Trustor wi!!pay all taxes,assessments,liens,encurnbranees,lease paymentS, <br /> ground rents,utilities,and other�harges relating tflthe Prvp�rtywhen due.Beneficiarymay requireTrustor <br /> to pro�ide to Benefi�iary�opies of all noti�es that suth amount�are due and the re�eipts e�iden�ing Trustor's <br /> payment.Trustar will defend title to the P�vperty against any elaims that would impair the�ien of�his <br /> Security lnstrument.Trustor agrees ta assign to Beneficiary,as requested by Beneficiary,any rights,�laims <br /> or defenses Trustvr may ha�e against parties who supply labor or materials ta maintain or impra�e the <br /> Property. <br /> 9. DUE�N SALE�R ENCUNtBRANCE.Benefieiary may,at its option,de�iare the entire balan�e of the <br /> Secured Debt to be imm�diately due and payable upon the creatton vf,or contrac�for the creation af,any <br /> lien,encumbrance,transf�r or saEe af all or any part ofthe Prvperty.This right is su�ject to the restrictions <br /> impased by federal�aw�12 C.F.R.591�,as appl��abfe.ThEs�o�enant shall run wi�h the Property and�hall <br /> remain in effect until the Secured Debt is paid in fuf I and this Security instrument is re�eased. <br /> 14. PR�PERTY C�NDITI�N,ALTERATIaNS AND tNSPECTI�N.Trustor will keep the Property in gaod <br /> conditian and rnake af!repairs that are reasonably ne�essary.Trust�r shaE!not commit ar allow any wa�te, <br /> impairment,vr deterioration of the Property.Trustor wiil keep the Property free of nvxious weeds and <br /> grasses.Trustor agrees that the nature of�he occupancy and use will not substantially�hange w�thout <br /> Beneficiary's prior written consent.Trustor will not permit any change in any license,restrictive cavenant❑r <br /> easement without Beneficiary's privr written cvnsent.Trustor will notify Beneficiary of all demands, <br /> proteedings,�laims,and a�tion5 against Trustar,and af any lo�s ar damage to the Property. <br /> BenefiCiary or Beneficiary's agents may,at Bene�i�iary's option,enter the Praper�y at any reasvnable time for <br /> the purpo�e of inspecting the Property.Benef��iary�ha11 gi�e Trustar nvtice at the time of or befare an <br /> inspeetion spec�fying a reasvnable purpose for the in�pection.Any inspe�tion of the Prvperty shall be entirely <br /> far Benefi�iary`s benefit and Trustarwill in noway rely on Benef�ciary's inspe�tion. <br /> 11. AUTH�RITY TCf PERFDRM.If Trustor fails ta per�arr�any duty or any of the�a�enants c�ntained in <br /> this Se�urity fnstrum�nt,Benefi�iary may,without notice,perform or cause them to be perfarmed.Tru�tor <br /> appoints Beneficiaryas attorney in factta signTrustor's namear pay anyamaunt necessaryfor performan�e. <br /> Beneficiary's right to perform for Trustor shall not c�eate an obligation to perform,and Beneficiary's failure <br /> to per�orm will nvt preelude Beneficiary from exercising any of Benefi�iary's vther rights under the Iaw or <br /> thi5 Se�urity Instrument.If any�anstru�tion an the Prvperty is dis�ontinued or not�arried on in a�easonable <br /> manner,�enefieiary may take alI steps necessary tv prvtect Beneficiary's security interest in the Property, <br /> including camp�etion of the <br /> ��nstruction. <br /> �page 3 of 7} <br /> _1994 Wolters K�uwer Finan�ial 5ervites-Bankers 5ystems * FQrm USS-REDT-NE 1111 C12D12 � <br />