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. 2� 1 �� 1544 In th� e�ent that Ben�ficiary fails ta pro�ide any required notice of the right vf r�scission, BenefEciary wai�es any subsequent secur�ty interest in the T�ustvr's principal dwelling that is created by this Security Instrum�nt. 5. DEED �F TRUST �[]VENANTS. Trustor agrees that the co�enants in this section are material obligations under the S��ur�d a�bt and this S�curity Instrument. If Trustar breaches any ca�enant in this section, Ben�ficiary may refuse t� mak� additional extensians of credit and reduce th� credit limit. By not exer�ising either remedy �n Trustor's br�ach, Beneficiary does nat wai�e Ben�ficiary's right tv later c�nsid�r the e�ent a br�ach if�t happens again, Payments. Trustor agrees that all paym�nts under the Secured C7ebt w�ll be paid when due and in accordance with the terms �f the S�cured Debt and this S�curity Instrument. Prior Security Interests. With regard to any other mortgage, deed af trust, security agreem�nt or oth�r lien dncument that creat�d a pri�r security interest or en�umbrance on the Property, Trustor agrees ta make afl payments when due and to perform ar comply with all co�enants. Trustor alsa agrees nat tv aliow any modificati�n or extensian of, nor to request any future ad�ances under any note ar agreement secured by the lien dvcument with�ut B�nefi�iary's prior wr�tt�n appra�al. C�aims Against Title. Trustor will pay ali taxes �including any tax assessed to this Deed of Trust�, assessm�nts, liens, encumbrances, lease payments, ground rents, utilities, and other charges re�ating to the P�aperty wh�n due. Benefic�ary may require Trustar to pro�ide tv Beneficiary capies of all nvtic�s that su�h amounts are due and the re�eipts e�iden�ing Trustor's payment. Trustar wil! defend title to the Praperty against any claims that wvuld impair the �ien vf this S�curity Instrument. Trustvr agrees to assign ta Beneficiary, as requested by Beneficiary, any rights, c�aims vr defenses Trustvr may ha�� against parties whv supply labvr or mat�rials tv maintain or impra�e the Property. Prop�rty Conditi�n, Alterations and Inspectian. Trustar wi11 keep the Praperty �n good candition and make all repairs that are reasonak�ly ne�essary. Trustvr shall not cvmmit or allvw any waste, impairm�nt, ar d�teriorat�an of the Prvperty. Trust�r agr�es that the nature vf the occupancy and use wii� n�t substantially change wtthvut Ben�ficiary's prior written consent. Trustar will not permit any change in any �icense, restricti�e c��enant or easement with�ut Beneficiary's pri�r writt�n consent. Trustor will notify 6�neficiary af all demands, proceedings, claims, and actions against Trustor, and of any loss or damage to the Property. 6enefi��ary or Beneficiary's agents may, at Beneficiary's �ptivn, ent�r th� Praperty at any r�asonabl� time for the purpose af inspecting the Prvp�rty. B�neficiary shall gi�e Trustar notice at the time af or befor� an inspecti�n specifying a reasonable purpase for the inspectian. Any inspection flf the Prvperty shal� b� entir�ly for Ben�ficiary's benefEt and Trustor will in no way r�ly on Ben�ficiary's inspection. Au#hority to Perf�rm. �f Trustar fails tv perform any duty ar any vf the c��enants C�ntained in this Security lnstrument, Beneficiary may, without notice, perform ❑r cause them to be performed. Trustar appoints Beneficiary as attorn�y in fact to sign Trustar's name or pay any amount necessary fvr performance. Beneficiary's right tv perform for Trust�r sha�l n�t create an ab�igativn t❑ perfvrm, and 6enefi�iary's fai�ure to perfnrm will not preclude Beneficiary from exercising any of Beneficiary's other rights under the law or this 5ecurity lnstrument Leasehalds; Cvndominiums; Planned Unit De►relvpments. Trustar agrees to com ply with the pr��isions of any I�ase if this Security Ir�strument is on a f�asehold. lf the Property includes a unit in a condominium or a planned unit de�elopment, Trustvr wi�l perfarm al! af Trustor's duties under the co�enants, by-laws, or regu�ativns af the c�ndominium or plann�d unit de�elopment. �ondemnativn. Trustor wiil gi�e Beneficiary prampt natice �f any pending vr threatened action, by pr��ate or public entities to purchase or take any �r all ❑f the Property thraugh c�ndemnation, eminent domain, or any ather means. Trustor authorizes Beneficiary tv inter�ene �n Trustor's name in any of the abo�e descrit�ed act�ons or claims. Trustvr assigns to Beneficiary the proce�ds af any awa�d or claim far damages conneeted with a condemnation or other taking vf all or any part of the Property. Such proceeds shali be consider�d payments and will b� applied as pro�ided in this Secur�ty Instrument. This assignment of praceeds is subject t❑ the terms of any prior martgage, deed of trust, security agre�ment or ather li�n document. Insurance. Trustor shall k�ep Property insured against I�ss k�y fire, flood, theft and other hazards and risks reasona�ly associated with the Property du� to its type and lacation. This insurance shalE be maintain�d �n the amounts and f�r the periods that Beneficiary r�quires. INhat (page 3 of 7} �.1994 Wolters I{iuwer Fit�ancial 5er�ices-6ankers 5ystems� Form USBaCP-i]T-NE 171�612�12