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2� 1 ��42�5
<br /> Property Conditiony Alterations and Inspect�on. Trustar wi11 k�ep the Prop�rty in g�ad conditian and
<br /> make all repairs tha� are r�as�nably necessary. Trustor sha.�l not �ammit or al�ow any waste, impairment, or
<br /> deterx�rat�an of�he Property. Trustor agre�s that the nature af�he �ccupan�y and use w�ll nat substantially
<br /> �hange withaut Beneficiary's priar writ�en consent. Trustor wi11 nat permit any change in any license,
<br /> restrictive �ovenant ar easement wi�haut Benefic�ary's prior written consent. Trustor wi11 not�fy Beneficiary
<br /> af a11 demands, proceedings, claims, and actions against Trustor, and af any�oss ar damage to the Property.
<br /> Beneficxary flr Beneficiary's agents may, at Beneficiary's aptian, enter the Property at any reasona�l�time for
<br /> the purpos� of inspect�ng the Pr�perty. B�n�fxciary sha11 give Trus�or no�ice at the �ime of or before an
<br /> insp�ction specifying a reas�nable purpose for the�nspectxon. Any inspe�tion of the Property sha�l be entirely
<br /> for Beneficiary's benefit and Trustor wx11 in no way r�ly an Beneficiary's inspe�txon.
<br /> Author�ty to P�rform. If Trustor fai.is to p�rform any duty or any of th��o�enan�s cflntained in this Security
<br /> Instrument, Beneficiary may, withau� not�ce, perform or cause �hem ta b� p�rformed. Trustor appaints
<br /> Beneficiary as att�rney in fact �o sign Trustor's name ar pay any amount necessary far perfvn�anc�,
<br /> Beneficiary's rxght ta perftirm far Trustor sha.�I na� cr�ate an ob�igation to perfarm, and Seneficiary's failure
<br /> to perfarm vvill n�t preclude Beneficiary from exercis�ng any of Beneficiary's o�her rights under the Xaw �r
<br /> this Security Instrument.
<br /> Leaseholdsy Candominxums; Pxann�d Un�t Developrnents. Trus�ar agrees to compiy urith �he provisions of
<br /> any xease �f this Security Ins�rument is on a leasehold. �f�he Praperty includes a unit in a condominium or a
<br /> planned unxt de�elopmen�, Trustor wxll perf�rm a11 of Trustor's du�ies under the cavenants, by-laws, or
<br /> re�u�ations of the condominium ar planned unxt deve�opmen�.
<br /> Condemnatian. Trustar wi11 give S�neficxary prampt n�tice �f any pending or threatened action, by pri�a�e
<br /> or public entities to purchase or take any ar al� of the Prop�rty thraugh �andemna�x�n, eminent doma�n, or
<br /> any o�her means, Trust�r authorizes Beneficiary to inter�en� �n Trustor's name in any of the a�ove described
<br /> act�ons or claims. Trus�or ass�gns to Beneficiary the proceeds of any award or claim for damages conn��ted
<br /> with a condemnati�n or ather �alc�ng af a.�i or any part vf the Prop�rty. Such proceeds sha11 be consid�red
<br /> payments and vv�Xx be applied as provided �n�his Security Instrumen�. Th�s ass�gnment af proceeds is subject
<br /> to the terms of any prior mor�gage, deed af trust, security agreement ar other lien document.
<br /> Insuranc�. Trust�r sha.Il keep Property insured against lass by �re, fload, theft and other hazards and rxsks
<br /> reasonably assac�ated with the Property due�� its type and lacation. This znsurance shall be maxntained in the
<br /> amounts and for the periods that Ben�fxcYary requires. What Beneficxary requires pursuant ta the preced�ng
<br /> two �ent�n��s can change during th�t�rm of the Secured I7ebt. The insurance carrier prov�d�ng th� insuran��
<br /> sha.l� be chosen by Trus�ar sub�e�t to Ben�ficxary'� appro�a.I, whi�h shaI.x not be unrea.��nably wi�hheld. If
<br /> Trustar fails ta maintaYn the caverage descr���d abave, Beneficiary may, at B�nefic�ary's option, o�tain
<br /> ca�erage ta protect Beneficiary's rights in the Prflp�rty accarding to the terms af this Security Znstrument.
<br /> All rnsurance poiicies and renewals shaxx be acceptable t� B�nef�ciary and sha11 rnclude a standard "mnr�gage
<br /> clause" and, where app��cable, "Ioss paye� c�ause." Trustar sha11 zmmediately natify Beneficxary of
<br /> cance��ation or terminat�on of the insurance. Benefic�ary sha�.l have th� rzght to ho�d the polic�es and
<br /> renewaZ.s. �f Ben�ficiary requires, Trustor shai.I immediately g��e ta Bene�ciary all rece�pt� af paid premYums
<br /> and renewal notY��s. Upon Ioss, Trustor shall give immediate no�ice �a �he insurance carrier and B�neficiary.
<br /> Beneficiary may make praaf af loss if nat made immediate�y by Trustor.
<br /> Unless otherwise agreed in wrx��ng, a11 insurance proceeds sha1� be app�ied to the restara�ian ar repair of the
<br /> Prop�rty or to the Secured I7ebt, whether or not �hen due, a� Beneficiary's op�ion. Any app�xcation af
<br /> proceeds �o principal sha11 not extend or po��p�ne the �iue date af �he schedu�ed payment nor change the
<br /> amount af any payment. Any excess will be pa�d �o th� Trustor. If the Prop�rry is acquired by Benefic�ary,
<br /> Trustor's rxght �o any insurance policies and proceeds resulting from damage to �he Prap�rty before the
<br /> acqu��i�ion shal�pass ��Beneficiary�o�he extent af�he Secured Debt immediately before the acquis�txan.
<br /> F�nancxal Reports and AddYtianal Documents. Trustor wYXI provide to Beneficxary upan request, any
<br /> financial statemen� ar information Beneficiary may deem reasonal�Xy ne���sary, Trustor agrees to sign,
<br /> deliver, and file any add��ional documents or certificat�ons�h.a�Benefxciary may�onsid�r necessary �o perfecC,
<br /> continue, and preser�e Trustor's obliga�ions under this S�curity In�trument and B�neficiary's �ien status on
<br /> the Prap erry.
<br /> 5. �W Y �F TITLE, Trus�or warrants that Trustar �s or will be lavvfully s�ized of the estate conveyed
<br /> �y�his Se�urity �nstrument and has the rxght�o irrevocably grant, con�ey, and se1� the Properry ta Trustee, in
<br /> trust, w��h pawer of sa.�e. Trustor also warrants that the Proper�y is unencumbered, excep� far encumbrances
<br /> of record.
<br /> 7. I]iTE �N SALE. Beneficia.ry may, at �ts optYan, declare �he en�ire baiance of �he Se�ur�d Debt to be
<br /> �mmediateiy �ue and payable upan the creat�on of, or contract for the crea�ian af, a transfer or sale of a.II or
<br /> any part of the Propear�y. This right is su�j ect to the restrY�trons imposed by federa� 1aw �I 2 �.F.R. 591}, as
<br /> appliGable.
<br /> 5ecurity lnstrument-Open-End-Consumer-N� DCP-RE�T-N� 712I2Q1'1
<br /> VMP�8ankers Syst�ms�''" VMP-C465�NE) �T 1 Q7}.pp
<br /> Wofters Kluwer Financial Ser�i�es fl1994.20T 1 Page 3 of 6
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