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2� 1 ��2582
<br /> Praperty �ondxtion, Alterat�ons an� Inspectian. Trustor wi1� keep the Property in good condit�on and
<br /> make a�� repairs that are reasanably necessary. Trustor shal� not commxt or a.11ow any waste, impairment, ar
<br /> de�er�aration of the Propez�y. Trustor agr�es that the nature of th� o�cupancy and use will not substant�ally
<br /> change w�thout Benefxciary's prior written consent. Trus�ar wi�� no� perm�t any change in any l�cense,
<br /> res�ricti�� covenant ar easement w�thout Beneficiary's priar wri�ten cans�nt. Trus�or will notify Bene�ciary
<br /> of all demands, proceed�ngs, claims, and actions against Trustar, and of any lass or damage to the Praperty.
<br /> B�nef�ciary or Benef�ciary's ag�nts may, at Beneficiary's option, enter the Praperty at any reasanable��me for
<br /> the purpose of inspec�ing the Praper�y. B�neficiary shal� gi�e Trustor not�ce at the time af or b�f�re an
<br /> �nsp�ction spe�ifying a reasanable purpase for th�inspection. Any insp�ctian af the Property shall be ent�rely
<br /> for Beneficiary's benefi� and Trustor will in no vvay rely on Benefzciary's �nsp�ction.
<br /> Autharity ta Perfarm. Zf Trustar fa�Is ta perfarm any duty or any of the covenants canta�ned in this Security
<br /> Ynstrumen�, Beneficiary may, without natzce, perform �r caus� them �o be performed. Trustar appfl�nts
<br /> Beneficiary as attorney �n fact to sign Trustar's nam� or pay any amaunt necessary for perfarmance.
<br /> Beneficiary's rxgh� to perform for Trustor sha11 not create an ohl�gation ta perfarm, and Beneficiary's failure
<br /> to perform will not preclude Beneficiary from ex�r��sxng any �f Ben�fi�xary's vther rights under the Iaw or
<br /> this Securzty �nstrument.
<br /> Leaseholds; Condaminiums; Pxanned UnYt De�eZoprn�nts. Trustor agrees to comply With the provisions of
<br /> any Iease if this Securxty Instrument is fln a leaseh�ld. �f the Praperty inc�udes a unit xn a candaminium or a
<br /> planned un�t de�elopment, Trustor wxl� perfarm all af Trus�or's du�ies under th� covenants, by-�aws, ar
<br /> regu�ations of the condomxnium or pl anned unit dev�lopment.
<br /> Condemnat�an. Trustor will giv� Beneficiary prampt na��ce af any p�ndxng or�hreatened action, by pri�ate
<br /> or public entities ta purchase ar take any or al.l �f�he Property through candemnation, eminent domaxn, �r
<br /> any other m�ans. Trustar authorizes Ben�fxcxary ta int�rv�ene in Trustar's name in any �f the aba�e described
<br /> actians or claims. Trustar assigns to Ben�fx��ary the prac�eds of any award ar c�aim for damages �onnected
<br /> wxth a condemnat�an or other tak�.ng of all ar any gart of the Property. Such praceeds shall be cansidered
<br /> payments and wx�I be applied as provided in this S�curity Instrument. This ass�gnment of proceeds is sub�ect
<br /> ta t�ie�erms of any pr�or mortgage, de�d of trust, security agr�ement or other I�en documen�.
<br /> In.surance. Trustor sha11 keep Property �nsured against �flss by fire, fload, theft and other hazards and risks
<br /> r�asonably associa�ed with th� Property du�to its type and la�atxon. This insurance shat� be mai.ntained in�h�
<br /> amounts and for the per�ads that Benef�cxary requYr��. What B�nef�c�ary requires pursuant to th� preceding
<br /> two sen�ences �an chang� during�he term of the Secured Deb�. The insurance carrier providxng the insurance
<br /> sbal.� �e chos�n by Trust�r subject to Ben�fxcxary's approval, which sha11 not be unreasonabxy withheld. If
<br /> Trus�or fails ta main�ain the �overage descrxbed above, B�nefxciary may, at B�neficiary's opt�on, �btaxn
<br /> ca�erage to protect Beneficiary's righ�s in the Propex�y according ta the terms af th�s Security Instrument.
<br /> A1� insuran�e paxici�s and renev�a�.s sha11 be acceptable to Ben��c�a.ry and shall inc�ude a standard "mor�gage
<br /> c�ause" and, where app�icab�e, "loss payee clause." Trust�r shall immediately no�ify Sene�cia�y of
<br /> cancel�ation or term�na�zan of �he insurance. B�neficzary sha11 have the right to hold the policies and
<br /> renevva�s. �f F3eneficiary requires, Trustor sha11 immedxately gi��to Benef�ciary al� receipts af paid premiums
<br /> and renewal not�ces. Upon loss, Trustor sha11 �ive immedzate no�i�e �a the insurance�arr�er and B�neficiary.
<br /> BeneficYary may make pr�flf of�oss if not made xmmediat�ly by Trustor.
<br /> Unless �therwise agreed �n writ�ng, a11 insurance proceeds sha11 be applied to �he restoratian or repair of th�
<br /> Property ar ta the Secured Deb�, whether or not then due, at B�nefzcxary's option. Any applicat��n of
<br /> proce�ds to principal sha.11 nat ex�end or postpone th� due date �f the scheduied paymen� nor change the
<br /> amount af any payment. Any ex�ess will be paid to th� Trust�r. �f the Property is acquired by Beneficiary,
<br /> Trus�ar's r�ght to any Ynsurance pol�cies and proceeds resulting from damage to the Praperty befor� the
<br /> acquisi�ion sha11 pass ta Beneficiary��the extent of the Secured Debt�mmediately�efore the acquis�tzan.
<br /> Financial R�ports and Additiona� Dacum�nts. Tru�t�r wi11 prov�de to B�nef�ciary upan r�quest, any
<br /> financia.l. stat�ment ar �nformation Bene�cxary may d�em reasanably necessary. Trustor agrees to szgn,
<br /> deliver, and fi�e any additional dacuments or c�rtYfY�atzans that Beneficiary may consider necessaxy to perfect,
<br /> cantinue, and preser�e Trustor's abligation� under this S�curzty �nstrument and Beneficiary's lien status on
<br /> the Praperty.
<br /> 6. VL�' Y �F rI'ITLE. Trustor warrants that Trustor is ar wi11 b� lawfully seized of the �state canv�yed
<br /> by th�s Security Zns�rumen�and has the right to irrevocably grant, convey, and sexl �he Praper�y�o Trustee, in
<br /> Crust, with power af sa.1e. Trustar also warrants that the Prflperty �s unencumbered, �xcept for encumbrances
<br /> af record.
<br /> 7. I]UE �N SALE. Benef��iary may, at �ts option, declare the entire balance af the Secured I3ebt to �e
<br /> immediately due and payable upon the creation of, ar contract far the creation of, a transfer or sa�e of aII or
<br /> any part of the Proper�y. This right is subj ect ta the restrictions xmposed by federal law �12 �.F.R. 59 I}, as
<br /> app���a�Xe.
<br /> 5ecurity lnstrumer�t-�pen-��d-CvnsUmer-NE �CP-R�DT-NE 71�12Q��
<br /> VMPQ Bankers SystemsT�'" VMP-C465�NEy �1��7}.OD
<br /> Wafters Kluwer FinanciaE 5er�i�es��994,2�1 1 Page 3 of 6
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