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2� 17� 1723 19. INSURANCE. Trustor shall keep Prap�rty insured against loss by fxre, flaad, theft and other hazards and risks reasonably associated w�th. the l�rap�rty due to its type and Xoca��on. Th�s insuran�e shail be ma�ntained in the amounts and for the periods that Beneficiary re�uires. What Senef�ciary requires pursuant t� the preceding two sentences can change dur�ng the term of�he S�cured Debt. The insurance carrier pro�iding the xnsurance shall be ch�sen by Trustor subject to Seneficiary's appraval, wh�ch sha11 not��unreasonabXy withheld. �f Trustor fails to mainta�n the coverage descr�bed above, Ben�fi�iary may, at Benefi�iary's aptYan, obtaxn caverage to prnt�ct B�nefxc�ary's rights in the Property accarding �o the terms af this S�curity Instrument. A11 �nsurance policies and ren�wals sha11 be accep�abie �o Beneficxar� and sha�.X inc�ude a standard "mortgage clause"' and, where applxca��e, "loss pay�� Iause." Trustor sha11 Ymm�diate�y notify Beneficiary af cancella��on or �ermination af the insuranc�. B�neficiary sha1� ha�e the right to ho�d �he p�lici�s and renewals. Zf Beneficiary r�quires, Trus�or shaJ.l zmmedia�ely give to �3eneficiary all rec�ipts of pa�d premiums and renewal noti�e�. Upfln lass, Trustor shall gx�re immediate notice ta the �nsurance carrier and Ben�fi�iary. Beneficiary may make proaf of loss if not made zmmediateiy by Trus�or. Uniess atherwYse agreed in writ�ng, ai1 insurance praceeds sha.�� be appiied ta the res�aratzon or repair af�he Praperry or to the Secured Deb�, u�hether �r not then du�, at Benefi�iary's option. Any application of proce�ds ta prxnc�pal shall not extend ar postpone �he du� date flf th� scheduled payment nflr change the amount of any payment. Any �xcess will be paid to th� Gran�or. �f the Property is acquired by Benefic�ary, Trustor's ri�ht ta any insuran�� poli�ies an�i proceeds resu�trng fram daxn.age to the Praperty befare the a�quisition shall pass to B�neficiary t� �h��xtent�f the Secured Debt imm�diate�y before the acquisitian. 2�. ESCR�'W F�R TA�ES AND INSYTRANCE. �Tnless otherwzse provided in a separate agreement, Trustor wi11 not be required to pay�a Beneficiary funds f�r taxes and insuran�e xn escrow. 21. F`INANCIAL REPaRTS A�ND ADDITI�NAL I�UCUMENTS. Trustor wxll pro�ide to Beneficxary u�on request, any finan�ial statemen� or information Benefic�ary nlay deen� reasonably necessary. Trustor agrees to sign, de�iver, and frle any additional documents or cer�ificatians that Benef�ciary may consider necessary ta perfect, continue, a.nd preser�e Grantor's obl�gati�ns under this Security Ins�rument and Benefic�ary's Iien status on�ie Prflp�r�y. 2Z. J�INT AN17 INDIVIDUAL LIABI�ITY; ��SIGN�RS; SUCCESS�RS AND ASSIGNS S�UND. AII duCies und�r this Security Instrument are j aint and �nd��xdua�.. �f Trustor signs this 5e�urity �ns�rument but daes nat sign an evidence �f deb�, Trustor does so only to mor�g�.ge Trustar's interest �n the Property to secure payment of the Secured Debt and Trust�r do�s not agree t�be personally 1iable an th�Secured Debt. �f thxs Secur�ty Znstrumen� secures a guaxan�y between Benefxciary and Trustor, Trustar agrees ta waive any righ�s that may prevent B�neficiary from brxngxng any act�on or claim aga�nst Trustor or any party indebted � under the�bligation. These r�ghts may include, bu� are not limited to, any anti-defici�n�y or one-actian laws. Trus�or a�rees that Benefxciazy and any party ta this Security 7nstr�ment may extend, modify or make any change in the t�rms af thYs Security �nstrument �r any e�idence of debt v`rxthout Trustor's cansent. Such a change wiXl nnt rel�ase Trustor from the t�rms of thxs Security Ynstrument. The duties and benefits of thzs Secur�ty Instrument sha11 bind and benefYt the su��essors and assigns�f Trustor and�enefxciary. �3. APPLI�ABLE LAVV; S�VERA�3ILITY; INTERPRETATIC]N, This Secur�ty �nstrument is gov�rned by the �av�s of the jurisdYct�on in which Benefic�ary rs l��ated, exce�t to �he extent otherwx�e required by the laws of the jurisdiction where the Property is lo�ated. This Security Ins�runzent is compl�te and ful�y �ntegrated. This S�curYty �ns�rum�nt xna� nat be amended or modified by aral agreement. Any se�tion �n this 5�curi�y �nstrument, attachments, �r any agreement related ta the Se�ured Debt that conflicts wxth appl�cable law wx�i nat b� effect�ve, unless that Iav� expressly or implied�y permits the �rarxations by writt�n agr�ement. If any sectian af th�s Security �nstrument cannat be enfarced according �o z�s terms, that sectian vvill be se�ered and w�1X nat affect the enforceabxlity of the remainder of this Security �ns�rument. �VYien�ver used, �h� srngular shal� include the plural and the p�ural �he singular. The captions and head�ngs af the sections af this Secur�ty Instrumen�are for conveni�nc�on�y and are no��o be used to int�rpret�r define the terms af this Secur�ty Instrument. Time is of the essence in this Security rns�rument. 24. SUC�ESS�R TRUSTE�. BeneficYary, at Beneficiary's option, may from trme to tim� remo�e Trustee and appoint a successor trus�ee wi�haut any other f�rmali�y than�he deszgnation in writing. The successar trustee, withvut can�eyanc�flf�he Property, sha11 su�ceed t� a.li the title, po�vver and dut��s canferred upon Truste�by this Security rnstrum�nt and applica�le law. �5. ��TICE. Unless otherwise required �y Iaw, any not�ce shal� b� given by deli�ering it or by mailing z� by first c�ass ma�1 ta the appropria�e pa.rty's address an page 1 of this Securi�y �nstrument, or to any other addr�ss des�gnated in writing. No�ice �o one trus�or wi11 be deemed tfl be natic� ta aII trustars. Trust�r and Bene��ia.ry hereby re�u�st a copy of any notice of default, and a c�py of any no�ice of sale thereunder, be maxled to each pa.r�y a��he address for such party set forth on page 1 of this Securrty Instrument. �6. 'VL�AIVERS. Ex�ept to �he extent prahrbYted by Iaw, Trustar waives all appraisement and homestead exemp�ion rights relat�ng ta the Pr�perty. S�curity Instrument-Gonsumer-N� RE-DT-NE �1112D 13 VMP�Bankers SystemsT"" VMP-C1�5�N�� (33{72).OQ Wolters�luwer Finan�iai Ser�ices Q1994,��1� Page 5 of 5