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2� 1 ��3392
<br /> Pro�erty Conditifln, Alteratians and Inspection. Trustor will keep th� Proper�y in gvod condition and
<br /> make all repairs that are reasanabiy necessary. Trustor shall not c�mmit or a11ow any waste, impairm�nr, or
<br /> det�riorati�n of the Property. Trustor agrees that the nature of th� accupancy and use w�ll nat subs�ant�ally
<br /> �hange without Beneficiary's prior written cansent. Trustar will not permit any change in any 1ic�nse,
<br /> restri�tiv� cavenan� ar easemen� withnut Beneficiary's prior written consent. Trus�or will notify Beneficiary
<br /> of all demands, praceedings, �laims, and actions against Trustar, and of any lass or damage to the Froperty.
<br /> Beneficiary or Beneficiary's agents may, at Bene�ciary's aption, enter the Property at any reasanable time for
<br /> the purpose of inspecting Che Prop�rty. Beneficiary shall g�ve Trustor notice at tl�e time of or b�fore an
<br /> inspection specifying a reasonable purpose f�r the inspection. Any inspection of the Property sha11 b� entirely
<br /> for Beneficiary's benefit and Trustor wi11 in no way rely vn Beneficiary's inspe�tion.
<br /> Authority to Perfvrm. If Trustar fai�s to perform any duty or any�f�he co�enants cantained in this Security
<br /> Instrument, Beneficiary may, with�ut n�tice, perform or cause them to be perforrned. Trustnr appoints
<br /> Beneficiary as attarney in fact t� sign Trustor's name ar pay any amount necessary f�r performanc�.
<br /> Benefi�iary's right t� perform for Trust�r shall not create an obligatian to p�rform, and Beneficiary'� failure
<br /> to perforrn wi11 nat preclude Seneficiary frvm exercis�ng any of Beneficiary's other rights under the 1aw or
<br /> this Security Instrument.
<br /> L�asehald5; Condominiums; Planned [Jnit D��elopments. Trustor agrees t� comply with the pro�isions of
<br /> any lease if this 5ecurity Instrument �s on a leasehold, If the Prap�rty inCludes a unit in a condominium or a
<br /> planned unit de�el�pment, Trustor will perform a1l of Trustor's duties under the co�enants, by--laws, or
<br /> regulatians of the condominium ar plann�d unit de�elopment.
<br /> Cond�mnation. Trustnr wil� gi�e Beneficiary promp� notice of any p�nding or threatened action, by pri�ate
<br /> or pub�ic entities to purchase or take any �r all of the Property through condem.nation, eminent damain, ❑r
<br /> any a�her means. Trustor authorizes Beneficiary ta inter�ene in Trustnr's name in any of the above describ�d
<br /> ac�ions or �laims. Trustor assigns ta Ben�fi�iary the proceeds of any award or claim for damages connected
<br /> with a candemnati�n or other taking flf all or any part of the Pr�perty. Such proceeds shal� b� cansidered
<br /> payments and will b� applied as provided in this Security �nstrument. This assignm�nt af proce�ds is subject
<br /> tn the terms af any prior martgage, deed of�rust, security agreement or�ther lien do�ument.
<br /> Insurance. Trustnr shall keep Proper�y insured against loss �y fire, flaod, theft and ather hazards and risks
<br /> reasanably associated with the Prop�rty due to its type and locarion. This insurance shal� be maintained in the
<br /> amounts and f�r the periods that Beneficiary requir�s. What Beneficiary requires pursuant ta the preceding
<br /> two sentences can change during the term af the 5ecured DebC. The insurance carri�r pro�iding the insurance
<br /> shall be chflsen by Trustar subje�t �a Bene�ciary's appra�al, whi�h shall not be unreasona�ly withheld. �f
<br /> Trustor fai�s tn maintain the co�erage described aba�e, Beneficiary may, at Ben�ficiary's op�i�n, obtain
<br /> �v�erage�o pr�t�ct Beneficiary's rights in the Property according to t�e terms of this Security Instrument.
<br /> All insuran�e pfl�icies and renewals shall be acceptable to Benefi�iary and shall in�tude a standard "martgage
<br /> ciause" and, where applicabl�, "�oss payee clause." Trustar shal� immedia�ely natify Benefi�iary ❑f
<br /> cancellati�n or termination of the insurance. �ene�ciary shali ha�e the righ� to hold the pvlicies and
<br /> renewals. If Seneficiary requires, Trust�r sha11 imm�diately gi�e to B�ne�ciary all receipts of paid premiums
<br /> and renewal notices, C�pan loss, Trustar sha11 give immediate notice �a the insurance carrier and Beneficiary.
<br /> Beneficiary may make pr�of of loss if not made imm�diately by Trustor.
<br /> Unless otherwise agreed in writing, a11 insuranc� proce�ds sha�i be applied ta the restoration or repair of the
<br /> Property or to the Secured D�bt, whether or nat then due, at Beneficiary's option. Any application af
<br /> pr�ceeds to principal sha11 nat �xtend or postpone the due date of the scheduled payment nor change the
<br /> amount of any payment. Any �xcess will be paid ta the Trust�r. If�he Property is acquired by Beneficiary,
<br /> Trustor's right to any insurance palicies and proceeds resulting from damage ta the Praperty before the
<br /> acquisition sha11 pass to Beneficiary tv the extent of the Secur�d Debt immediately befare the acquisition.
<br /> Financial Reparts and Additional Documents. Trustor wil� pr�vide to Beneficiary upan request, any
<br /> financia� statement ar information �eneficiary may deem reasonably ne�essary. Trustor agrees to sign,
<br /> deliver, and file any add�tional dflcumen�s or certifications that Beneficiary may consider necessary t�perfect,
<br /> continu�, and preserve Tru�tar's ob�igatians under this 5ecuriCy Instrum�nt and Beneficiary's lien sta�u5 on
<br /> the Prop�rty.
<br /> 6. WARRANTY C3F TITLE. Trustar warrants that Trustor is ar wi11 be lawfu��y seized of the estate can�eyed
<br /> by this Security Instrument and has the righ� tv irre�acably grant, �onvey, and sell the Property ta Trustee, in
<br /> trust, with power of sale. Trustor a�so warrants �ha� the Property is un�n�um��red, ex�ept for en�umbrances
<br /> �f record.
<br /> 7. I�UE UN SALE. Benefi�iary may, at its optivn, declare the �ntire �a�ance of th� Secured Debt ta be
<br /> immediately due and payable upon the creati�n of, or contract far the crea�ian of, a transf�r ar sa�� of ali or
<br /> any par� of the Proper�y. This right is subject �a the restrictians imposed by federal law (12 C.F.R. 591}, as
<br /> applicahle.
<br /> Security Instrument-�pen-End-Consumer-NE DCP-REl7T-N� 7121��11
<br /> VMP�Bankers SystemsT"" VMP-C465�NE� R1 1�7y.��
<br /> Wolters Kluwer Finan�iaf 5erv�ces C�1994�2Q11 Page 3 vi fi
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