Laserfiche WebLink
��������� <br />� � � *x� xv �� wv� <br />In the event that Beneficiary fails to provide any required notice of the right of rescission, <br />8ene0daryweivesanysubsequent*zuriryintenestintheTmsto/sphncipa|dwe|ingthatis <br />created by this Security lnstrurnent. <br />5. DEED OF TRUST COVENANTS. Trustor aqres that the coveflaflts ta this section are material <br />obligations under the Secured Debt and this Security Instrument. If Trustor breaches any covenant in this <br />section, Beneficiary may refuse to make additional extensions of credit and reduce the credit limit. By not <br />exercising either remedy on Trustor's breach, Beneficiary does not waive Beneficiary's right to later consider the <br />event a breach if it happens again. <br />Payments. Trustor agrees that all payments under the Secured Debt will be paid when due and in <br />accordance with the terms of the Secured Deht and this Security lnstrument. <br />Prior Security interests. With reqard to any other mortgage, deed of trust, security agreement or <br />other lien document that created a prior security interest or encumbrance on the Property, Trustor agrees to <br />make all payments when due and to perform or comply with all covenants. Trustor also agrees not to allow any <br />modification or extension of, nor to request any future advances under any note or agreement secured by the <br />tieri document without Beneficiarys prior written approvat. <br />Claims Against Title. Trustor will pay alt taxes (inIudingany tax assessed rothis Deed cfTrus0. <br />assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges <br />relating to the Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of all <br />notices that such amounts are due and the receipts evidencing Trustor's payment. Trustor will defend title to <br />the Property against any claims that would impair the lien of this Security Instrument. Trustor agrees to assign <br />to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who <br />supply tabor or materials to maintain or improve the Property. <br />Property Condition, Alterations and Inspection. Trustor wilt keep the Property in good condition and <br />make all repairs that are reasonably necessary. Trustor shall not cornmit or allow any waste, impairment, or <br />deterioration of the Property. Trustor agrees that the nature of the occupancy and use will not substantially <br />change without Beneficiary's prior written consent. Trustor will not permit any change in any license, restrictive <br />covenant or easement without Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands, <br />proceedings, claims, and actions against Trustor, and of any loss or damage to the Property. <br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the <br />purpose of inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection <br />specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for <br />Beneficiary's benefit and Trustor witl in no way rety on Beneficiary's inspection. <br />Authority to Perform. If Trustor fails to perform any duty or any of the covenants contained in this <br />Security Instrument, Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints <br />Beneficiary as attorney in fact to sign I rustor's name or pay any amount necessary for performance. <br />Beneficiary's right to perform for Trustor shall not create an obligation to perform, and Beneficiary's failure to <br />perform will not preclude Beneficiary from exercising any of Beneficiary's other rights under the law or this <br />Security Instrument <br />Leaseholds; Condom,niums; Pianned Unit Developments. Trustor agreesto comply~ichthep"nvisioro <br />of any lease if this Security Instrument is on a leasehold. If the Property includes a unit in a condominium or a <br />planned unit development, Trustor will perform all of Trustor's duties under the covenants, by-laws, or <br />regulations cf the condorninium or planned unit devetopment. <br />Condemnation. Inistor will give Beneficiary prompt notice of any pending or threatened action, by <br />private or public entities to purchase or take any or all of the Property through condemnation, eminent domain, <br />or any other means. Trustor authorizes Beneficiary to intervene in Trustor's name in any of the above described <br />actions or claims. Trustor assigns to Beneficiary the proceeds of any award or claim for damages connected with a <br />condemnation or other taking of alt or any part of the Property. Such proceeds shall he considered payments and <br />will be applied as provided in this Security Instrument. This assignment of proceeds is subject to the terms of any <br />prior mortgage, deed oftrust, security agreernent or ather lien docurnenc. <br />Insurance. Trustor shall keep Property insured against loss by fire, flood, theft and other hazards arid <br />risks reasonably associated with the Property due to its type and location. This insurance shall be maintained in <br />the amounts and for the periods that Beneficiary requires. What (page 3mn <br />