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2� 15�81 ��
<br /> Prop�rty Condition, A�terations and Ins�ection. Trustor wiil k�ep the Froperty in ��4C� condi�ion and
<br /> make a11 repa�rs that are reasonably necessary. Trustor shall not commit or alxow any was�e, impaxrm�nt, or
<br /> d�teriorat�on af the Praperty. Trustar agrees �hat the nature of the accupancy and use will not substantia��y
<br /> chang� without Benefxciary's pr�ar written consent. Trustor urill not permit any �hange in any license,
<br /> restrictive cov�nant or easement without B�n��cxary's prior written consent. Trustor wxl� notify Ben�ficiary
<br /> of a11 demands, proceed�ngs, claims, and act�ons against Trustar, and of any Ioss or damage to the Property.
<br /> Benefic�ary ar BenefiGiary's agen�s may, at Benef�ciary's optian, enter th�PrflperCy at any reasonable time for
<br /> the purpase of �nspec��ng the Prop�rty. Beneficialy shal.� give Trustor noti�e at the t�me af or �efore an
<br /> inspe�tion specifying a reasanable purpos�for the inspecti�n. Any inspection �f the Praperty sha��b� entirely
<br /> for B�nefi�iary's benefrt and Trus�ar wil� in no way rely an Beneficiary's inspectian.
<br /> Authority to Perform. If Trus�ar fa�ls to perform any duty or any of th� co�enants contained in this S�curYty
<br /> Instrument, Benefie�ary may, without notice, perfarm or cause th�m ta be performed. Trustor appain�s
<br /> Benefxciary as attorney �n fact to sign Trustor's name or pay any amaunt necessary far performance.
<br /> B�nefz�iary's right to perform for Trustor shaX� not create an obligatian �o perfarm, and Benefi�iary's failur�
<br /> to perform v�ilX not preclude Beneficiary from exercising any of Beneficiary's other r�gh�s under the law ar
<br /> this Security Ins�rument.
<br /> Leaseho�ds; �ondom�nYums; Pianned Unxt De�elopments. Trustor agrees �v camply with the pra�isions of
<br /> any �ease if th�s Security Instrument �s on a�easehold. xf the Property includes a un�� in a candomYnium or a
<br /> planned unzt development, Trustar w�ll perform alX of Trustor's duties under the covenants, by-laws, or
<br /> regulations of the Condominium ar planned un�t de�e�opment.
<br /> �ondemnation. Trustor wiii give Bene�c�ary prompt notice of any p�ndin� or threaten�d action, by pri�ate
<br /> or publi� entities ta purchase ar �ake any or a11 of the Property through condemnatian, emxnen� domain, or
<br /> any oth�r means. Trustor autharizes S�neficiary to Ynter,vene in Trustor's name in any af the abov� describ�d
<br /> ac�ion� or claxms. Trustor ass�gns ta Beneficiary the prac�eds af any award or claxm for damages �onnected
<br /> with a �andemnatYon or other tak�ng of a�l or any part of the Property. Such proceeds shall be consider�d
<br /> payments and w�lX be applied as provided in this Securi�y 7nstrument. This assignment of praceeds is su��ect
<br /> ta the terms of any prior mortgage, deed of trust, securi�y agreement or other Iien dacumen�.
<br /> Insurance. Trust�r sha�� ke�p Proper�y insured against Ioss by fire, flood, theft and other hazards and rxsks
<br /> r�asanably associat�d wYth the Praperty du�ta its type and Iocation. ThYs Ynsurance sha.i.x be mainta�ned in the
<br /> amounts and for th� p�rYods that Benefx�xary requzres. Wha� Benefic�ary requires pursuant ta the preceding
<br /> �vvo sentences can change durxng the term of�h� Secured Debt. The insurance carrxer praviding�h� insurance
<br /> shal.� be chosen by Trustar sub�ect to Bene�ciaz-�'s apprava.l, which shall not be unreasonably withheld. �f
<br /> Trustar fails ta main�ain the ca�erage described aba�e, Beneficiary may, at Beneficiary's aptxon, obtain
<br /> co�erag�ta prate�t Benefic�ary's rights �n the Praperty a��ardin�to �he terms of th�s Security �nstrum�n�.
<br /> All �nsurance paiicies and renewals shall be acceptab�e to Beneficiary and sha],I include a standard "mar�gage
<br /> clause" and, where appli��ble, "loss payee claus�." Trustar shall immediately notzfy Beneficiary of
<br /> �an�ellation or terminatian of the insurance. Benefi�iary shall have the right to hold the pfllicxe� and
<br /> reneWals. If B�neficiary requires, Trus�ar shall immediately gi�e to Beneficiary a�� receip�s of paxd premiums
<br /> an� renewal notices. �C]'pan �oss, Trustar shali give �mmedia�e notice ta the insuranc��arrier and Ben�f�crary.
<br /> Ben�ficxary may make proof of�oss xf no�made immediately by Trustor.
<br /> Unless o�herwise agreed in writing, all �nsuran�e pro��eds shall be appli�d t� �he r�staration ar repair �f the
<br /> Property or to the 5ecured Deb�, whether ar na� then due, at Beneficiary's option. Any appl�cation of
<br /> proceeds to principal shall not ex�end or postpane the due da�e of the scheduied payment nor change �h�
<br /> amoun� af any �aymen�. Any �xc�ss will be pa�d ta the Trustor. If the Properry is acquired by Benef�ciary,
<br /> Trus�or's righ� �o any insurance poli�i�s and proceeds resulting from damage to th� Prap�rty b�fore the
<br /> acquxsition sha.11 pass to Beneficiary to the extent of the Secured Debt immediately before the acqu��ition.
<br /> Frnanc�ai Report5 and Additional Documents. Trustor wx�l prov�de to Beneficiary upan reques�, any
<br /> financial statement or infarmatian B�nef�c�ary may deem reasanab�y necessary. Trustar agrees to sign,
<br /> deliver, and f�Ie any addi�xonal d�cuments or certYfi�ations that Benefrciary may c�nsider necessary to p�rf��t,
<br /> continue, and preserve Trustor's abliga�ions under this Security Ynstrument and �eneficiary'� �i�n s�a�us on
<br /> the Property.
<br /> 6. �W TY a�TITLE. Trust�r warrants that Trustor �s ar wii� be lawfully se�zed af the �state cflnveyed
<br /> by th�s Security Instrument and has the right ta irrevacably grant, c�nvey, and sell the Property t� �rustee, in
<br /> trust, with pflw�r flf sale. Trustor a.I�o warrants that �he Proper�y is unen�umbered, ex�ept for �n�umbrances
<br /> af r�cord.
<br /> 7. DUE �N SALE. Bene�c�ary may, at its op�ion, declare th� entire balance of the Se�ured Debt to be
<br /> immediately due and pa�able upon the creation af, or cantract for the creation of, a transfer ar sale Qf a1X or
<br /> any part of the Property. This right is sub�ect to the restrictions rmposed by federal law (12 C.F.R. 59�}, as
<br /> applicable.
<br /> Security fnstrument-�pen-�nd-Consumer-NE O�P-RE�T-N� 712120��
<br /> VMP�Bank�rs 5ystemsT�" VMP-C465fNE) (11Q7}.�D
<br /> Wvlters Kiuwer�inancial 5er�ices Q1994,201 1 Pag�3�f 6
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