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2� 1 ��3832
<br /> Praperty Condition, Alterations an� Inspection. Trus�or will keep the Prflperty in good candition an�
<br /> make all repairs that are reasona�iy necessary. Trustor sha11 not comm�t ar allaw any was�e, impairmen�, or
<br /> deteri�ra�ran af th� Property. Trustar agrees that the nature of th� occupancy and us� will not substantiaily
<br /> �hange without geneficiary's prior wri��en consent. Trustar wili not perm�t any change in any lic�nse,
<br /> res�ric�i�e co�enant ar �asement withaut Beneficiary's prior written consent. Trustor wi11 notify Beneficiary
<br /> af al� demands, pro�eedings, claims, and actions against Trustor, and of any loss or damage t�the Property.
<br /> Beneficiary or Beneficiary's agents may, at Beneficiary's apt�on, enter the Praperty at any reasonable time for
<br /> the purpose �f inspecting the Praperty. Benefi�iary sha11 gi�e Trustar notice a� the time of ar before an
<br /> in5pe��ian specifying a reasanable purpose far th� inspectian. Any inspec�ian �f Che Pr�per�y sha11 be entirely
<br /> for Bene�ciary'��enefit and Trustar wiil in no way rely on Beneficiary's inspection.
<br /> Auth�rity ta Perfnrm. If Tru�tor fails to p�rform any duty or any of the co�enants contained in this Security
<br /> Ynstrument, Beneficiary may, with�ut n�tic�, perform or cause t�em t� be performed. Trustar appoints
<br /> Benefi�iary as attorn�y in fac� t❑ s�gn Trustor'S name ar pay any amaunt nec�ssary for p�rfarmance.
<br /> Beneficiary'� right ta perfarm for Trustor shall not create an obligat�an t� perform, and Beneficiary's failure
<br /> ta perf�rm wiii not pre�lude Benefic�a.ry from exercising any of Beneficiary's ath�r right� un�l�r th� 1aw or
<br /> �his Se�uri�y Instrument.
<br /> Leaseholds; Condominiums; Planned []nit De�elopments. Trustor agrees �a comply with �he prnvisions of
<br /> any lease if this Security �nstrument is on a leasehold. If the Prop�rty includes a unit in a cond�minium ar a
<br /> planned unit de�elopment, Trustor vvill perfarm a1i �f Trus�or's duties under th� �o�enan�s, b�-laws, or
<br /> regulat��ns af the condominium ar planned unit de�elopment.
<br /> �ondemnation. Trustar wi11 gi�e B�neficiary prompt notic� af any pend�ng �r threatened action, by pri�ate
<br /> or public entities to purchase or take any or all of the Property thraugh candemnation, eminent domain, or
<br /> any ather m�ans. Trustor authorizes Beneficiary to intervene in Trustor's name in any �f the abo�e describ�d
<br /> actions or claims. Trustor assigns to Seneficiary the praceeds af any award or claim for damages conne�t�d
<br /> with a cond�mnation ar �ther taking of all or any part of the Proper�y. Such proceeds shall be considered
<br /> payments and w�ll b� applied as p�rn�ided in �his Securi�y Instrumen�. This assignment of proceeds is sub�ect
<br /> to the terms of any prior mortgage, de�d af trust, se�urity agr�ement�r other lien document,
<br /> Insurance. 'Trustor sha�I keep Praperty �nsur�d against �oss by fire, fl��d, �heft and other hazards and risks
<br /> reas�nably assaciated with the Property du�t� its typ� and location. This insurance sha11 t�e maintained in the
<br /> amounts and for the p�riods that Beneficiary requires, What Beneficiary requires pursuant ta the preceding
<br /> two sentences can change during th� term �f th� Secured Debt. The insurance �arrier providing �he insurance
<br /> shall b� chasen hy Trustor subject to Beneficiary's appro�al, which sha11 not be unreasonably withh�ld, If
<br /> Trustar fails ta maintain th� co�erage describ�d a�o��, Beneficiary may, at Beneficiary's aption, obtain
<br /> co�erage to protect Beneficzary's rights in the Property ac�ording to the terms nf thi� Security �nstrument.
<br /> A�1 insurance policies and renewa�s shall be acG�ptabl� to Beneficiary and sha11 include a standard "mortgag�
<br /> �Iause" and, vvhere applicabl�, "loss payee clause." Trus�or shall imm��liately notify Beneficiary of
<br /> cancellation or terminatian of the insurance. Benef�ciary shall hav� the right to hold the pali�ies and
<br /> r�newals. If Ben�ficiary requires, Trustor sha11 imm�diately gi�e to Beneficiary all receipts af pa�d prem�ums
<br /> and renewal natices. Upon 1oss, Trustor shail give immediate natic� to the insurance carrier and Beneficiary,
<br /> Beneficiary may make pro�f�f loss if not made immediately by Trustar.
<br /> L]nless otherwise agreed in writ�n�, a�� insurance proceeds shall be applied to the restoratian ar repair ❑f the
<br /> Proper�y ar to the Se�ur�d I]�bt, whe�her or nat then �lue, at Beneficiary's option. Any applicatian of
<br /> pr�ceeds to prin�ipa� shall nat extend or pastpan� the due date of the scheduled payment nor change the
<br /> amount af any payment. Any excess wili be paid to the Trustor, If the Property is acquired by Ben�ficiary,
<br /> Trustor's right to any insuran�e poiicies and pro�eeds resul�ing from damage to the Property befare the
<br /> ac9uisition sha11 pass ta Beneficiary to the e�tent of the S�cured Debt immediatel�before the ac�uisition.
<br /> Financial Reports and Additianal I3ocuments. Trus�or will pr���d� to Ben�fi�iar� upon request, any
<br /> financial statemen� or infornaa�ion Beneficiary may deem reasonably 17�C�55�. Trustor agr��s to sign,
<br /> deli��r, and file any additiona� documents ar��rtificati�ns that Sene�ciary may consider n��e5sary to p�rf���,
<br /> continue, and preser�e Trustar's abligations under �his Security �nstrument and Beneficiary's l�en status an
<br /> the Prop�rty.
<br /> G. WARRANTY UF TITLE. Trustar warrants that Trustor is or wiil be �awfully seized ❑f the estate con�eyed
<br /> by this 5ecur�ty Instrumen� ara.� has the right �o irre�ocably grant, con�ey, and sel� the Property to Trustee., in
<br /> trus�, with power �f sa�e. Trustar a1�o warran�s �hat the Property is unencumber�d, except far encumbrances
<br /> a f recfl rd.
<br /> 7. DUE �3N SALE. Ben�ficiary may, at its �ptian, declare the en�ire balanc� of the Secur�d Deht to be
<br /> imrr�ediately due and payable up�n th� creation ❑f, or contract for the creation of, a transf�r or sale �f all or
<br /> any part of the Property, This right i� subject to th� restri�tions imposed by federal law �1� G.F,R. 591}, as
<br /> appl icable.
<br /> Security Instrument-�p�n-�nd-Cansumer-NE QCP-REDT-NE 71212Q11
<br /> VMP�6ankers Systems�'�^^ VMP-C465tNE] (�107}.OQ
<br /> Walters iCluwer�inancial Ser�ic�s Q7994,2�11 Page 3 oi 6
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