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2� 1 ��37�8
<br /> Praperty Condition, Alterations and Inspection. Trustor will keep �he Pr�perty in gaad �ondition an�i
<br /> make a11 repairs that are reasanably necessary. Trus�or shall not commit nr allaw any waste, impairment, ar
<br /> de��riorativn of the Prop�rty. Trustor agrees that �he nature of the occupan�y and use wi11 no� substantiat�y
<br /> chang� without Bene�ciary's prior written cansent. TrusC�r wi11 not permit any change in any license,
<br /> restricti�e co�enant or easement without B�neficiary's priar writ�en consent. Trustor wil� notify Beneficiary
<br /> of a��demands, proceedings, claims, and actions ag�inst Trustor, and of any loss or damage tn the Property.
<br /> Beneficiary or Beneficiary's ag�nts may, at Beneficiary's option, enter the Proper�y at any reas�nable time for
<br /> the purpnse af inspecting th� Property. Beneficiary shall gi�e Trustor notice at the time of or before an
<br /> inspection specifying a reasnnable purpos�for the inspection. Any inspection of the Property sha11 be entir��y
<br /> for Benefciary's benefit and Trustor wi�I in no way re�y an Beneficiary's inspection.
<br /> Authority to Perform. If Trustor fails to perform any duty or any of the cavenants contained in this Security
<br /> Instrum�nt, B�nefic�ary may, withaut natice, perform or cause �hem to be performed. Trustor appaints
<br /> Beneficiary as attorney in fact to sign Trustor's name or pay any amount nec�ssary for performa�c�.
<br /> Benefi�iary's right to perform for Trustor sha11 not creat� an obligation to p�rform, and Benefi�iary's fa�lure
<br /> to perform will not preclude B�nefciary from e�ercising any vf Beneficiary's other rights under the law or
<br /> this Security Instrument.
<br /> L�asehold5y �ondominiums; Planned Unit De�elapments. Trustor agrees to comply with the pro�isions of
<br /> any lease if this Security Instrument is on a leaseha��. If the Property in�ludes a unit in a condominium or a
<br /> planned unit development, Trustar wi11 perform aIl of Trustor's duties under the co�enants, by-laws, or
<br /> regulations of the condominium or plann�d unit de�elopment.
<br /> Condemnat�on. Trustar will give B�neficiary prompt noti�e of any pending nr threatened action, by pri�ate
<br /> or public entities to purchase ar take any or a�l of the Proper�y through condemnati�n, eminent domain, or
<br /> any other m�ans. Trustor authorizes Bene�ciary to inter�ene in Trustor's name in any of the abo��described
<br /> actions or �laims. Trustor assigns to Benefic�ary the proceeds of any award or cla�m for damages conn�cted
<br /> with a condemnatian or other taking of all or any part of the Property. Such proc�eds sha11 be considered
<br /> payments and wi11 b� applied as provided in this ��cur�ty Instrument. Th�s assignment vf proceeds i5 subject
<br /> to the terms of any prior mortgage, deed of trust, security agreement or oth�r lien document.
<br /> Insurance. Trustor shai� keep Propert�r insur�d aga�nst loss by fire, flood, �heft and other hazards and risks
<br /> reasonably associated with the Prvperty due to its type and�ocation. This insurance sha11 be rna.intained in the
<br /> amounts and for the periads that Bene�ciary requires. What Beneficiary requires pursuant to the pre�eding
<br /> two sentences �an�hange during the term of the Secured De�t. Th� insurance carrier providing the insurance
<br /> sha11 be chos�n by Trustor subject to Benefi�iary's appro�a�, which sha11 not be unreasonably withhe�d. If
<br /> Trustor fails tn maintain the co�erage described aba�e, Ben�ficiary may, at B�neficiary's option, o�tain
<br /> co�erage to protect Beneficiary's rights in the Property according to the terrns of this S�curity Instrument.
<br /> All insurance policies and renevvals sha11 be acceptable to Beneficiary and shall include a standard "mortgage
<br /> clause" and, where applicabl�, "loss payee clause." Trustor sha11 immediately notify Beneficiary �f
<br /> �ancellat�on ar terrnination of the insurance. Bene�ciary shall have �he right to hold the polic�es and
<br /> renewals. If B�neficiary requires, Trustor sha11 immediately gi�e to Beneficiary a1I receipts of paid premiurns
<br /> and renewa� noti��s. Upon loss, Trustar sha11 gi�e immediate notice to the insurance carrier and Ben�ficiary.
<br /> Beneficiary may make pr�of of Ioss if not made immediately by Trustor.
<br /> Ur�less otherwise agreed in writing, all insuranCe proceeds shall be applied to the restoration or repair of the
<br /> Property or to the Secured Debt, whether or nnt then due, at Beneficiary's option. Any app�ication of
<br /> proceed5 �o principa� sha11 nat ��tend or postpone the du� �ate of �he scheduled payment nor change the
<br /> amount of any payment. Any excess will b� paid to the Trust�r. �f th� Property is acqu�red by Benefrciary,
<br /> Trustor's righ� to any insurance policies and proceeds resulting from damage �� the Property before the
<br /> acquisition shal�pass to Beneficiary ta the extent of the S��ured Debt immedia�ely before the acquisit�on.
<br /> �nancial Reports and Additional Documents. Trustor wi11 pro�ide to Beneficiary upon request, any
<br /> financial statement ar information Beneficiary may deem reasanab�y necessary. Trustor agrees to sign,
<br /> deli�er, and file any additional documents or cer�ifications that Beneficiary may consider necessary to perfe�t,
<br /> continue, and preser�e Trustor's obligations under this Security Instrument and Benefi�iary's lien status on
<br /> the Praper�y.
<br /> 6. WARRANTY �F TITLE. Trustor warran�s that Trustnr is or will be lawfully seized of the estate con�eyed
<br /> by this Security Instrument and has the right to irre�ocably grant, con�ey, and sell the Praperty to Trustee, in
<br /> trus�, with power of sa1e. Trustor also warrants that the Property is unen�umbered, ex�ept for encumbrances
<br /> af record.
<br /> 7. DUE �N SALE. Beneficiary may, at its option, declare the entire �aalance of the Secured Debt to be
<br /> immediately due and payable upon the creation of, or contract for the creation vf, a transfer or sale of a11 nr
<br /> any part af the Property. This right is subject to th� restrictions imp�sed �y federal law �12 C.F.R. 59�}, a.s
<br /> applicable.
<br /> 5ecurity kns#rumsnt-�pen-End-Consumer-NE �CP-REDT-NE 7l212011
<br /> VMP�Bankers 5ystemsr"�' VMP-C4fi5tN�] t11�7yA0
<br /> Wvlters Kluwer Financial 5�r�ices��994,2Q1 1 Page 3 of fi
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