201703274 - Laserfiche WebLink

Browse

201703274 Ir) the event that Benefid&y fails to provide any required notice of the right of Beneficiary waives any subsequent security interest in the Tmytor'oprincipal dwelling that is created by this Security Instrument. 5. DEED OF TRUST COVENANTS. Tiustm agrees that the covenants in this section are material obIgtons under the Secured Debt and this Security Instrument. KTmotor breaches any covenant In this section, Beneficiary may refuse to make additional extensions of credit and reduce the credit limit. By not exercising either remedy onTmmo/s breach, Beneficiary does not waive Beneficlary s right to later cors der the event a breach f it happeris again. Payments. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terrns ofthe Secured Debt and this Security Instrument. Prior Security Interests, With regard to any other mortgage deed o( trust secunty agreement or other lien document that created a prior security interest or encumbrance on the Property Trustor agrees to make alt payments when due and to perform or comply with all covenants Trustor ako agrees not to allow any modification or extension of nor to request any future advances under any note or agreement secured by the lien document without Oenefciarys pror written approvat Claims Against Title. Trustor will pay all taxes (including tax ed to this Deed of Trust). assessments, liens, encumbrances, lease payments, ground rents, utiUties, and other charges relating to the Property when due Beneficiary may require Trustor to provde to 8enefcary copes of aH notices that such amounts are due and the receipts evidencing Trustor's payment. Trustor will defend title to the Property against any claims that would impair the ien of this Security Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who supply Jabor or materlats to maintain or improve the Property Property Condition Alterations and Inspection. Trustor wiU keep the Property n good condition and make all repairs that are reasonabl necessary. Trust h U not commit or af low any waste, impairment, or deterioration ofthe Property Trustor agrees that the riature of the occupancy and use will not substantially thange without Beneficiary s prior written .onsent Trustor wilI not permit any change in license, nesnicthe covenant or easement without Benoficiary s prior written consent Trustor will notify Beneficiary of all demands, proceedings, claims, arxi actions against Trustor, and of any Ioss or damage to the Property. Berieficiary or Beneficsary s agents may at Beneficiary s option onter the Property at any reasonable time for the purpose of inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection specifying a reasonable purpose for the nspection Any nspection of the Property shall be entirely for Beneficiary's benefit and Tms*n, will inpu way rely on Beneficiary's inspection. Authority to Perform. If Trustor fails to perform aoy duty or any of the covenants contained in this Security Instrument, Be 0ci without notice perform or cause them to be performed Trustor appolnts Beneficiary as attorney in fact to sign Trustor s name ar pay ariy amount necessary for rfnma Beneficiary's right to perform for Trustor shall not creato an obligation to perform and Beneficiary failure to perform will not preclude Beneficiary from exercising any of Beneficiary's other rights under the Iaw or this Security Instrument Leaseholds; °' any lease " this Security instrument lnstrument i' on a leasehold if the Property nc)udes a unit in a condominium nvo planned unit development, Trustor will perform all of Trustor's duties under the covenants, by-laws, or reguiations of the condomiriiuni or planned unit development. Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Trustor authorizes f3eneficiary to intervene in Trustor's name in any of the above descrbed actions nr claims. Tros»ur assigns tnBeneficiary the proceeds of any award ar dam for damages connected with condemnaton or other taking of all or ary part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreemern or other lien documert. Insurance. Trustor shall keep Property insured inst loss by fire, fire, flood, theft and other haz,ards and risks reasonably associated with the Property due to Its type and Iocation. This nsurarce shall e maintained in the amounts ad�rnm�a�hx,°no that .°= What �� .--— periods * .—` '°, -~. °" ~-� --.