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2� 1 ��5995
<br /> Praperty Condition, Alteratians and Inspectian. Trustor wi1l keep the Propexrty in gaod cand�tion and
<br /> make a1� repairs that are reasanab�y necessary. Trustar shal� not commit or a11ow an.y wa.ste, impa�rment, or
<br /> deterioration of the Property. Trustar agr�es that �he nature of�he occupancy a.n.d use wi11 no� substantially
<br /> change without Ben�fic�ary's pr�or written consent. Trustar wi11 not permxt any change in any license,
<br /> r�stri�ti�e co�enant �r easement wxth,aut Benef�ciary's priar wrxtt�n consent. Trustor wi.�1 notify Beneficiary
<br /> af a�I demands, prflceedings, claims, and actions agaznst Trustor, and of any x�ss�r damag�t�the Praper�y.
<br /> Beneficxary or B�neficiary's agents may, at Benef�ciary'��pti�n, �nt�r th.e Praperty at any r�asonable time far
<br /> the purpose of �nspecting the Property. Benefxc�ary sha11 g��e Trus�or notice at the tim� of ar before an
<br /> inspectron sp�cxfyxng a reasonable purpase for�he in.spectian. Any insp�ctifln of the Property shal.�be entirely
<br /> for Ben�fi�iary's benefz�and Trustor will in no way rely on Ben�fi�iary's insp�ction.
<br /> Auth�ri.ty to Perform, If Trustar fai.�s ta perform any duty or any of�he covenan�s conta.ined in this Security
<br /> Instrumen�, Beneficiary may, withou� notice, perform or cause them �o �e performed. Trustor appaints
<br /> Beneficiary as attorn�y �n fact to sign Trustor's name ar pay any amount necessary for perfarmance.
<br /> Beneficiary's right to p�rform for Trustor shal� not create an obligatian to p�rfarm, and Benefxciary's failure
<br /> t� perfornn w�ll n�t preclude Benef�ciary from ex�rcxsing any of Benef�ciary's other rights under �he 1aw or
<br /> this Security Instrumen�.
<br /> Leaseholds; Condaminxrums; P�anned T..jrut De�e�apments. Trust�r agr��s �o comply with th�prov�sions of
<br /> any lease �f this Secur�ty Instrument is on a Ieaseha�d. If th.e Pr�perty includes a unit in a condomi.nium or a
<br /> _ p�anned unit development, Trustar vvil� perform aI1 af Trustor's duties under the co�enan�s, by�-laws, or
<br /> regula�i�ns of�he condaminium or p�anned uni�de�elopment.
<br /> Cond�mnat�on. Trustor will give Bene�ciary promp�natic� of any pending or�hreatened ac�ion, by private
<br /> or public entities to purchase ar take an�r ar a�l af the Proper�y through condemnatian, eminent domain, or
<br /> an.y o�her means. Trust�r authar�zes Bene�ciar3r to intervene in Trus�or's name in any of�he abave descrxbed
<br /> actions or claims. Trustar assigns ta Beneficiary the proc��ds of any award ar c�ai.m far damages connected
<br /> with a condemnati�n or a�her �akin.g af all or any part of the Proper�y. �uch proceeds shaii be consxder�d
<br /> payments and wi11 �e applied as provided in this Secur�ty Instrument. This assxgnment of proceeds is subj�ct
<br /> to the terms of any prxar mortga��, deed of trust, security agreement or nther lien dacument.
<br /> Insuranc�. Trustor sha11 keep Prflperty xnsured against loss by fxre, f�oad, theft and oth�r hazards and r�sks
<br /> reasonably associated with the Property due to its�yp� and location. This insuran.c�shall be maintained xn the
<br /> amaunts and for the periods that Beneficiary requir�s. �Vhat Benef�ciary requir�s pursuant �o the preceding
<br /> twa sen�ences can chang� during�he�erm of the Secured D�b�. The xnsuran.�e carrier pro�idxn��.b.e insuran�e
<br /> shall be chosen by Trustflr subj��t ta Benefxciary's approval, which sha11 not be unreasonably withheid. Yf
<br /> Trus�or fails to maintain �.he coverage described above, Beneficiary may, at Benef�c�ary's option, �b�ain
<br /> cflverage ta protect B�nefi�iary's r�gh�s in the Property according to�he terms of this Secur�ty Ins�rument.
<br /> AI� insurance policies and renewals sha11�e acceptable to B�neficiary and sha11 include a sta.ndard "mor�gage
<br /> c�ause" and, where applicable, "loss payee cxause." Trustor sha11 immedxatexy natify Beneficiary of
<br /> cancexlation �r termination of the �nsuranc�. Benefxciary shall ha�e the right to ha�d the policies and
<br /> renewals. If B�n�fxcxary requzres, Trustor sha11 �mm�d�atexy gzve to Benefrciary a11 receipts of pai.d premiums
<br /> and renewal n�tices. TJpon��ss, Trustor shall give immedia�e notice to the insurance carrier and Benefi�iary.
<br /> Bene�crary may ma�e pr�of of�ass xf no�made immediately by Trustar.
<br /> Unl.ess o�.herv�rise agreed �n writing, a].� xnsurance proceeds sha11 be applied to the restaration flr repair of the
<br /> Proper�y or ta the Secured I]ebt, whether or not �hen due, at Beneficiary's aption. Any application of
<br /> proceeds to princrpal sha1� not ex�end or postpone t�e due da�e of the scheduled payment nar change the
<br /> am.oun� af any payment. Any excess w�ll be paid to th.e Trustor. �f the Properry is acquired�y Benef�ciary,
<br /> Trustor's right to any insurance pa�icies and praceeds resu�ting from damage to the Praper�y befare the
<br /> acquisit�on sha11 pass ta�ene�crary to the extent af�he Secured Debt immed�ately before the acquisition.
<br /> Fainanc�ai Reports and AddYti�ana� Do�uments. Trustor wrll prov�de to Bene�czary upon reques�, any
<br /> financ�al statement or infarmatian Benef�ciary may d�em reasanably necessaxy. Trustor agrees �o sign,
<br /> del�ver, and file any additional documents or certi.f�cat�ons�hat Bene�Zczary may consid�r necessary to perfect,
<br /> cantznue, and preserve Trustor's o��igations under this Security Instrument and Ben�ficiary's lien status on
<br /> th�Prop erty.
<br /> 6, W Y �F TITI1E. Trustar warran�s that Trustor is or�iII be�awfully se�zed of the es�ate cnnve�red
<br /> by this 5ecur�ty Instrum�n�and has the r�ght ta irrevocably granti, convey, and sell the Property ta Trust�e, �n
<br /> trust, u�ith pow�r of sal�. Trustor als� warran�s that the Praper�y �s unencumbered, except for encumbrances
<br /> of record.
<br /> 7. DiTE �N SALE. Beneficiary may, at its option, declar� the �nt�r� balan�� �f the Secured Debt ta be
<br /> xmmediate�y due and payab�e upon the creation of, or cfln�ract fflr the creatinn of, a transfer or sale of aI1 flr
<br /> any par� �f the Property. Thxs r�ght �s subj ect �o the restric�ions imposed�y federal iaW (12 �.F,R. 59 T�}, as
<br /> app��cab�e.
<br /> 5ecurity lnstrum�nt-�pen-�nd-Consumer-NE DCP-R�OT-N� 7I212D��
<br /> VMP�Bankers SystemsT'� VMP-C4�5�NE) �1�07}A❑
<br /> Walters KIuwer FinanGial 5er�i�es m�994,2�'1� Pag�3 of 6
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