|
2� 15�7597
<br /> Property �andition, Alteratians and �n��ection. Trustor �i11 ke�p the Prap�r�y in �ood �andition and
<br /> make all r�pairs that are reasonably necessary. Trus�ar shall not commit ar allow any was�e! impairment, or
<br /> de��rioration of�he Property. Trustor agrees that the nature of the oc�upancy and use will not subsCantially
<br /> �hange vuith�ut Seneficiary's pri�r written �ansent. Trustor will not permit any change in any license,
<br /> restrictive �ovenant or ea�emen� wiChout Sen�ficiary's pr�or written consent. Trustor will no�ify B�neficiary
<br /> of all deman�s, proceedings, claims, and actior�s against Trustar, ar�d af any 1�ss �r damag� to �he Property.
<br /> Seneficiary or Beneficiary's agents may, at Beneficiary's aption, �nter the Property at any reasanable time for
<br /> the purpase of inspecting the Property. Benefi�iary shall give Trustar na�ice a� �he time of ar before an
<br /> inspection specifying a reas�nable purpose for the inspection, �ny inspection af the Property shal� be en�irely
<br /> for Beneficiary's benefit and Trustor wi�l in n� way r�ly on Beneficiary's inspection,
<br /> Author�ty to Perfarm. If Trus�tar fails to perform any �uty or any af the co�enan�s �ontained in this Security
<br /> Instrum�nt, BenefiGiary may, with�ut no�i�e, p�rform ar cau�e them to be perfarmed. Trustar appoints
<br /> �3en�ficiary as attorney ir� fact ta �ign Trust�r'� name or pay any amaunt �ec�ssary for performance.
<br /> �eneficiary's righ� t� p�rf�rm �or Trust�r shall no� cr�at� an obligation to perfarm, and �eneficiary's failure
<br /> to perfarm will not prec�ude Beneficiary from exercising any of B�neficiary's other rxghts under �he law or
<br /> this Security Instrum�rat.
<br /> Leasehalds; Condominiums; Planned I,�nit D��e�opments. Trustor agrees to camply with the pro�isions �f
<br /> any lease if this Se�urity �nstrument is on a leasehald. If�he Praperty includes a unit in a condom�nium or a
<br /> planned unit de�eloprr�ent, Trustar wil� p�rform all of Trustar's duties under the c���nants, b�-laws, �r
<br /> regulations af th�condQminium�r planned unit develapment.
<br /> �andemnation. Trustor will gi�e Beneficiary prompt notice of any pending or threatened action, by p�-i�ate
<br /> or public entities ta purchase or take any or all af the Property �hrough condemnatian, eminent damain, or
<br /> any ❑ther means. Trust�r auth�rizes B�neficiary to int�r�en� in Trustor's na.me in any of the a���e described
<br /> actions ar claims. Trustor assigns to Beneficiary the proc�eds of any award or claim f�r damages c�nnect�d
<br /> with a condemnation or other taking of a�l or any part of the Property. Such pr�ceeds shall be considered
<br /> paym�nts and wi�� be applied as pra�ided in this Security Instrument. This assignment 4f prace�ds is subj�ct
<br /> to the terms �f any priar mortga�e, deed of trust, se�urity agreement or other lien document.
<br /> Insurance. Trustor shall keep Property �nsured against loss �y fire, flood, thef� and other hazards and risks
<br /> reasonabty associated with the Pr�perty due to its type and�o�ation. This insurance shall be mainta�ned in the
<br /> amounts and for the periods that Beneficiary re�uir�s. What B�neficiary requires pursua.n� to the prec�ding
<br /> tw❑ sentenc�s can chan�e durin� �he term of the S�cured D��t. The insurance carrier pr�viding th� insurance
<br /> shall be chosen �y Trustar subj�ct ta B�n�ficiary's appra�val, which shall nat be unr�asonably withheld, Zf
<br /> Trustor fails t� �nai�tain the coverage described ab�ve, Beneficiary may, at Beneficiary's optian, obtain
<br /> co��rage to prot�ct Beneficiary's rights in the Praperty a�:cording to the t�rms of this ��curity InsCrument,
<br /> All insuran�e poli�ies and r�newals shall be aGcepta�l� to Ben�ficiary and shall include a standard "m�rtgage
<br /> clause" and, where app�icable, "loss paye� claus�." Tru�tar shall immediately notxfy Beneficiar�r of
<br /> cance��a�ion ar termina�ion of the insurance. Beneficiary shall ha�e the right to hold the p��icies and
<br /> renewals. If B�n�ficiary r�quire�, Trustar shall immediate�y gi�e to Beneficiary all receipts of pa�d premiums
<br /> and renewal notices. [�pon �ass, Trustor sha11 gi�e immediate n�tice to the in�uranc� carrier an� Benefi�iary.
<br /> Beneficiary may make proof of loss if not made immediately by Trustor.
<br /> [Jnless otherwise agreed in wr�t�n�, a11 insurance prfl��eds shal� be applied ta the restoration or repair of the
<br /> Prop�rty or to the Secured Debt, whether or not then due, at Beneficiary'S aption. An� application �f
<br /> pr��eeds to prin�ipal shall not extend �r postpane the due date of the schedul�d payment nor change the
<br /> amaunt of any payment. Any ex�ess will be paid to the Trustor. If the Proper�y is acquired by Beneficiarya
<br /> Trus�or's r�ght �a any in�urance palicies and praceed� result�ng from danlage to the Property b�f�re the
<br /> acquisition shall pas� t� Beneficiary to the extent af the S�cured Debt imrriediately before the acquisition.
<br /> Finan�ial Reports and Additional �ocuments. Tru�tor wi�l pro�id� �o Benefic�ary upan requ�st, any
<br /> financial statement �r information �eneficiary may deem reasonably nece�sary. Trustar agre�s ta sign,
<br /> deliver, and file any additional dacuments or certifications that Beneficiary may consider n�cessary to p�rfect,
<br /> cantinue, and preserve Trustar's ob�igati�ns un�er this Security xnstrumen� and Beneficiary's lien �tatus on
<br /> the Property.
<br /> 6, WARRANTY �]F T��LE, Trustor warrants that TrusCor is ar wi11 be lawfully seized af Che estate con�eyed
<br /> by this Securi�y Instrument an� has the ri�ht ta irre�ocably grant, �onvey, and sell th� Praperty to Tru���e, in
<br /> trust, with power a�sa.le. Tr�st�r also warrant� that �h� Property is unencumbered, exc�pt for en�umbrances
<br /> of record.
<br /> "l. D[JE (3N SAL,E. Beneficiary may, at its ap�ian, declare the �n�ire balanc� of th� Secured Debt to b�
<br /> immediately due and payabl� up�n the creatian af, or cantra�t for th� cr�atian �f, a tran�f�r or sale of all �r
<br /> any part of the Proper�y. This right is subject to the restrictions imposed �y federal law �12 C.F.R. 591}, as
<br /> app�icable.
<br /> Security Insirument-Open-End-C�nsumer-N� OCP-R�[7T-fV� 7/2/2011
<br /> VMPCR7 Banke�s 5ystemsT"" VMP-C465fNE) t�707y.�0
<br /> Wniters Kluwer Financial Services Q1 994,�01 1 Page 3 af�
<br />
|