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2� 1 ��3393
<br /> Praperty Condition, Alt�rations and Inspection. Trustor will keep the Property in good c�nditivn and
<br /> make a11 repairs that ar� reasonab�y necessary. Trustor shali not Gommit or al��w any waste, impairment, or
<br /> d��eriaration of the Praperty. Trustor agrees that the nature af the occupancy and use will nat substantially
<br /> change without Beneficiary's privr written �onsent. Trustor vvill not permit any change in any lzcense,
<br /> restrictive �ovenant or easem�nt without Ben�ficiary's prior writ�en c�nsent. Trus�or will notify Ben�ficiary
<br /> af a11 d�mands, prviceedings, claims, and a�ti�n5 against Trustor, and of any loss ar damage to the Property.
<br /> Beneficiary or Beneficiary's agents may, at Bene�ciary's option, enter the Property at any reasonable time for
<br /> the purpose of inspe�ting the Praperty. Beneficiary shall gi�e Trustor natice at the time of �r before an
<br /> insp�ction specifying a reasonable purpose for the �nspect�on. Any inspectivn of th� Praperty shall b�entirely
<br /> for Beneficiary's benefit and Trustor will in no way rely an B�ne�ciary's inspection.
<br /> Autharity to Perf�rm, If Trustor fails to perfarm any duty ar any of the c��enants contain�d in this Security
<br /> Instrument, Beneficiary may, withaut notice, perform �r �ause them to be perf�rmed. Trust�r app�ints
<br /> Beneficiary as attarney in fac� to sign Trustor's nam� ar pay any amaunt necessary for p�rfonmance.
<br /> Beneficiary's right to perform for Trustor sha11 nvt cr�ate an abligatian to perfarm, and Beneficiary's failure
<br /> to perform will nat pre��ude Beneficiary from exercising any of Beneficiary's other rights under the law or
<br /> this Securi�y Instrument. �
<br /> Leasehnlds; �andaminiums; Planned Unit De►velopments. Trustor agre�s to c�mp�y with the pro�isions of
<br /> any �ease if this Security Instrument is on a leasehald. If the Property includes a unit in a condominium or a
<br /> planned unit de�elopment, Trustor wi11 perform al� of Trustor's duti�s under the cv�enants, by-laws, or
<br /> regu�ations of th�candominium or planned unit de�e�opment.
<br /> Condemnation, Trustor will gi�e Beneficiary prampt notice of any pending or�hreatened action, by pri�ate
<br /> or publ�c entities to purchase or take any or all of the Property throu�h �andemnati�n, eminent domain, or
<br /> any other means. Trustar autharizes Beneficiary ta inter�ene in Trustar's name in any af the abo�e described
<br /> actians ar claims. Trustor assigns ta Beneficiary the proceeds of any award or claim far damages cannected
<br /> with a Condemnatian ar ather taking af a11 or any part of the Property. Such proceeds shall be Cansidered
<br /> payments an�i will be applied as pro�ided in this S�curity �nstrument. This assignment af proceeds is subj ect
<br /> to the terms�f any prior mortgage, deed of trust, security agreement ar other li�n document.
<br /> Insurance. Trustor sha11 ke�p Praper�y insured against �oss by fire, flo�d, theft and a�her hazards and risks
<br /> reasonably associated wi�h the Froperty due t� its type and location, This insurance shall �e main�ained in the
<br /> amaunts and for the p�riods that Benef�ciary require5. What �3eneficiary r�quires pursuant to the preceding
<br /> two sent�nces can Change during the t�rm af the 5e�ured Debt. The insuranc� carrier pro�iding the insuranc�
<br /> shall be chosen by Trustar subject to Beneficiary's appro�al, whi�h shall no� b� unreasonab�y withheld. If
<br /> Tru.star fails to maintain �he co�erage describ�d abo�e, Beneficiary may, at Beneficiary's optian, abtain
<br /> co�erage to prote�t Bene�ciary'S rights in the Property according ta the t�rms of this �ecurity �nstrument.
<br /> A�l insurance palicies and renewals shall be acceptal�le �o Beneficiary and shall inc�ude a standard "mvrtgage
<br /> c�ause" and, where applicable, "�ass payee clause." Trustor sha�� immediately natify Beneficiary of
<br /> cancellat�an or termination af the insurance. Ben��ciary sha�� ha�e the righ� to h�ld th� policies and
<br /> renewals. If Beneficiary r�quires, Tr•ustar shall �mmediately give to Beneficiary a�l receipts of paid premiums
<br /> and renewai notices. Upan loss, Trustar shall g��e irnmediate notic� to the insurance carrier and Beneficiary.
<br /> Beneficiary may make proof of loss if no�made immediately by Trus�ar.
<br /> Unless atherwise agreed �n writing, a11 insurance proceeds shall be app�ied to th� restoration ar repair af the
<br /> Property or ta �he 5ecured Debt, whether ❑r no� then due, at Beneficiary's option. Any appli�ativn of
<br /> prviceeds to principal sha11 not ex�end or pastpane the due date af the s�heduled payment nor change the
<br /> amount of any payment. Any excess wil� be pa�d to the Trustor. If the Praperty is acquired by Beneficiary,
<br /> Trus�or's right ta any xnsuran�e palicies at�d proc�eds resulting fram damage t❑ the Praperty befare the
<br /> acquisition shall pass to Benefi�iary t�the e�tent of th� S�cured Debt immediately befare the acquisition.
<br /> Financ�al Reports and Additional Documents. Trustar will pro�ide to Benef�c�ary upon request, any
<br /> financial s�atement or informa�ion Beneficxary may de�m reasonably necessary. Trustor agrees to sign,
<br /> deliver, and file any additional documents or c�rtificatinns that Benef�ciary may can5ider ne�essary ta perfe�t,
<br /> cont�nue, and pr�ser�e Trustor's obligativns under this Security Ynstrument and Beneficiary's lien status �n
<br /> the Property.
<br /> 5, W Y �F TITLE. Trustor warrants that Trustar is or will be lawfully seized of th� estate conWeyed
<br /> by this Security Instrument and has the right t4 irre�ocably grant, con�ey, and sell the Property to Trustee, in
<br /> trust, with pawer of sa1e. Trustor also warrants tha� the Pr�perty is unencumbered, �xcept far encumbrances
<br /> of record.
<br /> 7. DUE (�N SALE. Beneficiary may, at its apti�n, declare the entire �alance of the S��ured Debt t� be
<br /> immediate�y due and payable upan the creation af, or �ontra�t for the �reation of, a transfer or sale vf all or
<br /> any part of the Praper�y. This right is subject �o �he restricti�ns imposed Uy federal 1aw �1� �.F.R. 591}, as
<br /> applica�le.
<br /> 5e�urity Instrument-Open-�nd-Cansumer-NE �CP-R�DT-NE 71�1201 1
<br /> VMP@ 8ankers 5ystemsT"" VMP-C4fi5[NE} (1107f.0�
<br /> Wvlters Kluwer Financial Ser�ices C�i 994,2Q7"f Page 3 of 6
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