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202201147 19. Insurance. Trustor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably associated with the Property due to its type and location. This insurance shall be maintained in the amounts and for the periods that Beneficiary requires. What Beneficiary requires pursuant to the preceding two sentences can change during the term of the Secured Debt. The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above, Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Security Instrument. Trustor acknowledges and agrees that Beneficiary or one of Beneficiary's affiliates may receive commissions on purchase of this insurance. All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and, where applicable, "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or termination of the insurance. Beneficiary shall have the right to hold the policies and renewals. If Beneficiary requires, Trustor shall immediately give to Beneficiary all receipts of paid premiums and renewal notices. Upon loss, Trustor shall give immediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately by Trustor. Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Trustor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. Escrow for Taxes and Insurance. Trustor will pay to Beneficiary amounts for (a) yearly taxes and assessments on the Property which under the law may be superior to this Security Instrument, (b) yearly leasehold payments or ground rents (if any), (c) yearly premiums for hazard or property insurance, (d) yearly premiums for flood insurance (if any), and (e) yearly premiums for mortgage insurance (if any). Trustor will pay those amounts to Beneficiary unless Beneficiary tells Trustor, in writing, that Trustor does not have to do so, or unless the law requires otherwise. Trustor will make those payments at the times required by Beneficiary. Beneficiary will estimate from time to time Trustor's yearly taxes, assessments, leasehold payments or ground rents and insurance premiums, which will be called the "Escrow Items ". Beneficiary will use existing assessments and bills and reasonable estimates of future assessments and bills. The amounts that Trustor pays to Beneficiary for Escrow Items under this section will be called the "Funds ". Beneficiary will collect and hold Funds in an amount not to exceed the maximum amount a Beneficiary for a federally related mortgage loan may require for Trustor's escrow account under the federal Real Estate Settlement Procedures Act of 1974 (as amended), unless another law that applies to the Funds sets a lesser amount. If so, Beneficiary will collect and hold Funds in the lesser amount. Beneficiary will keep the Funds in a savings or banking institution which has its deposits or accounts insured or guaranteed by a federal or state agency. If Beneficiary is such an institution, Beneficiary may hold the Funds. Beneficiary will use the Funds to pay the Escrow Items. Beneficiary will give Trustor, without charge, an annual accounting of the Funds. That accounting must show all additions to and deductions from the Funds and the reason for each deduction. Beneficiary may not charge Trustor for holding or keeping the Funds, for using the Funds to pay Escrow Items, for analyzing Trustor's payments of Funds, or for receiving, verifying and totaling assessments and bills. However, Beneficiary may charge Trustor for these services if Beneficiary pays Trustor interest on the Funds and if the law permits Beneficiary to make such a charge. Beneficiary may require Trustor to pay a one-time charge for an independent real estate tax reporting service used by Beneficiary in accordance with the Secured Debts, unless applicable law provides otherwise. Beneficiary will not be required to pay Trustor any interest or earnings on the Funds unless either (i) Beneficiary and Trustor agree in writing, at the time Trustor signed this Security Instrument, that Beneficiary will pay interest on the Funds; or (ii) the law requires Beneficiary to pay interest on the Funds. If the Funds held by Beneficiary exceed the amounts permitted to be held by applicable law, Beneficiary will account to borrower for the excess Funds in accordance with the requirements of applicable law. If the amount of the funds held by Beneficiary at any time is not sufficient to pay the Escrow Items when due, Beneficiary may notify borrower in writing, and, in such case, borrower will pay to Beneficiary the amount necessary to make up the shortage or deficiency. Borrower shall make up the shortage or deficiency as Beneficiary directs, subject to the requirements of applicable law. If, by reason of any default under this Security Instrument, Beneficiary declares all Secured Debts due and payable, Beneficiary may then apply any Funds against the Secured Debts. Deed Of Trust Closed End -NE © 2020 Wolters Kluwer Financial Services, Inc. 03/2021 All rights reserved. 21.2.0.4024-J20211122N Page 5 of 7