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201807210 <br />sums resulting from the action or claim. Trustor assigns to Beneficiary the proceeds of any award or <br />claim for damages connected with a condemnation or other taking of all or any part of the Property. <br />Such proceeds shall be considered payments and will be applied as provided in this Deed of Trust. This <br />assignment of proceeds is subject to the terms of any prior security agreement. <br />22. INSURANCE. Trustor agrees to maintain insurance as follows: <br />A. Trustor shall keep the Property insured against loss by fire, theft and other hazards and risks <br />reasonably associated with the Property due to its type and location. Other hazards and risks may <br />include, for example, coverage against loss due to floods or flooding. This insurance shall be <br />maintained in the amounts and for the periods that Beneficiary requires. What Beneficiary requires <br />pursuant to the preceding three sentences can change during the term of the Secured Debt. The <br />insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's <br />approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage <br />described above, Beneficiary may, at Beneficiary's option, obtain coverage to protect <br />Beneficiary's rights in the Property according to the terms of this Deed of Trust. <br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard <br />"mortgage clause" and, where applicable, "beneficiary loss payee clause." Trustor shall <br />immediately notify Beneficiary of cancellation or termination of the insurance. Beneficiary shall <br />have the right to hold the policies and renewals. If Beneficiary requires, Trustor shall immediately <br />give to Beneficiary all receipts of paid premiums and renewal notices. Upon loss, Trustor shall <br />give immediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of <br />loss if not made immediately by Trustor. <br />Unless Beneficiary and Trustor otherwise agree in writing, insurance proceeds shall be applied to <br />restoration or repair of the Property damaged if the restoration or repair is economically feasible <br />and Beneficiary's security is not lessened. If the restoration or repair is not economically feasible <br />or Beneficiary's security would be lessened, the insurance proceeds shall be applied to the <br />Secured Debt, whether or not then due, with any excess paid to Trustor. If Trustor abandons the <br />Property, or does not answer within 30 days a notice from Beneficiary that the insurance carrier <br />has offered to settle a claim, then Beneficiary may collect the insurance proceeds. Beneficiary <br />may use the proceeds to repair or restore the Property or to pay the Secured Debt whether or not <br />then due. The 30 -day period will begin when the notice is given. <br />Unless Beneficiary and Trustor otherwise agree in writing, any application of proceeds to principal <br />shall not extend or postpone the due date of scheduled payments or change the amount of the <br />payments. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and <br />proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to <br />the extent of the Secured Debt immediately before the acquisition. <br />B. Trustor agrees to maintain comprehensive general liability insurance naming Beneficiary as an <br />additional insured in an amount acceptable to Beneficiary, insuring against claims arising from any <br />accident or occurrence in or on the Property. <br />C. Trustor agrees to maintain rental loss or business interruption insurance, as required by <br />Beneficiary, in an amount equal to at least coverage of one year's debt service, and required <br />escrow account deposits (if agreed to separately in writing), under a form of policy acceptable to <br />Beneficiary. <br />23. NO ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, <br />Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. <br />24. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon <br />request, any financial statement or information Beneficiary may deem necessary. Trustor warrants that <br />Agricultural/Commercial Real Estate Security Instrument -NE <br />Bankers Systems TM VMP® <br />Wolters Kluwer Financial Services © 1993, 2011 <br />V MPC595(NE) 117011.00 <br />AGCO-RESI-NE 1/1/2017 <br />Page 9 of 13 <br />