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<br /> - L. Notwithstanding aay of the language canta[ned in this Deed of Truet to th�onntrary,the terms of this sectton shall
<br /> . di postti nYby Beneficiary oftany or all t'the PropertyTAny claims and defensep.9�to the coa�trary are hereby waived.
<br /> Z0.CONDE11�1A'Y'IONt. Trustor witl givc Beneflciary prompc notfce of any ection,�ceal o�r�e�e �b�Y c��od�P� '�
<br /> enddes to pucchase or tatce any or all of the Property. includin�any easements.
<br /> . or aay otber aceaas.Trustor fucther agrees to notify Beneficisry of any pioceedin8s inst{tuted far the establishrnent of aay '��
<br /> ;.:�,ti'; sewer,water. conservatlon.ditch. draloaSe, or other district relating to or binding upon the Property or any part of it.
<br /> � • Trustor suthorfzes Beneficiary to intervene ia Tn�stor'8 Aazn�in a�Y of the above descdred actions or claims and to collect
<br /> "" and receive all sums�esulting f�oN th��1��oA qr,clajjn.Tiustor asslgas to Beneficiary the procecds of any award or clatm
<br /> h� �Q art of the Property. Such proceede shall be
<br /> for dnntages cflnnecteQ wlth a c8hd e-�n�iwn or,other lalcing of all or anY P ..
<br /> � � considered payments aad wlll.�e e�tPlIed as�►tavid.cd ia tbis Deed of Truet. This assignment of proceeds is subject to the _
<br /> „ , tercns of any prior se�urlty agmemen�• •
<br /> j 21.IIIdS�JRANCE.Tcustor agrees to maintain inswaACe as followa: �
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<br /> A. Trustor ahall keep che Praperty insareci a8einat loss bY F�re�d'ek and other hrizzards anid dsks reaROnably associated 4,.
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<br /> with the Property due to its eype ancl loeation.Other hazards and ruslcs maY inelude.for e:c�mplc,wverage agaiaxt , .,
<br /> ;',,;;;:;�;,,';:(;• ��, loss due to floods ar tlooding. 'Igiis insurance ahall be maintalned in the s�nouats Ancl for the p;.riads that =
<br /> _�,.:i�„s;:;`1'�,''�... Beneficituy requires. The ins�uauce carrier providing the insurance shall be chosen by Trustor aubject w •�i
<br /> ' �'r r Beneficiary's approval, which shall not be w�reasonabiy wlthheid. If Trustar fails to raaintaln the wveraqe
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<br /> • desetlbed above, Beaeticiery may. ac Beneficlary's option, obtafa coverage to procect Beneflciary's dgUte ia the ��'_`'
<br /> ', Property according to We terms of thta Dced of Trust.
<br /> � " ��' viala shali be acceptable to Beaaficiary and shnll inctude a standard "mortB88e �,__
<br /> All insuraase policies and rene �-
<br /> clnuse" and. where applicuble, "beneficiury loss payee clause."'I'cuscor ehall immediately notify Beneficlary o
<br /> � �.�1 cancellatlon or terminudoa of the insurartce. Beneticlary ahall have the dght to hold the palicles end renewuls.IY �:::_
<br /> Beneftcinryrequfma. Tivstor ehell immedlately giv� to Beneficlory NI ceceipts of paid premlums end rcnewni �
<br /> p�odces. Upan lons,Tcusror shall give immedinte notice to the ineurnace enrrter nnd Beneficiury. Beneficiary muy Ex_
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<br /> � m�ice prouf oY losa if not made imrt►ediately by Tcusror. !�_��
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<br /> � .�' Unlesa Beneflctnry and�'ruet�orlf ehe r tora�o�n or rep�[r gs economicaUy fe.�asible aad gcaeflciury a scrurtty�ie nut -
<br /> �cpalr uf ilte t'lolsers� d�n'--g-- ,,
<br /> • lessened.If the teatoratiott or mpatr iR not economically feasible or Fseueftciary'a aa;+�fty wautd!�2�.�
<br />` �� insurance proce�da shall be applied to We Secured Debt� whether or not then due.with aay excess paid to Trustor.
<br /> if Tcustor abandoaa the Propeny.or does not aaswer withinllect thye Wsuran procePds• BeneSc�iatY r�'Y s��
<br /> canier hus offered to settle a claim,then BeneRciary may
<br />�:'i : :. ". pmceeds to repair or reatore the Property or to pay the Secured Debt whether nr aot then due. The 30-day pe�iod _
<br />_�, . w W b e IIisi when tho aotice is given.
<br /> �~ .� . . '. Untess Bsnefictary aad Tcustor othenvise agree in wdting.e�ry ePPHcatton of proceeds to principat shell aot eatend
<br /> ';_. ,�;;1,�� or postpone the due date of scheduled payments or change the amouat of the payments. If the Property ie b�ed
<br /> by Bsneflciary.Trustor's r[ght to any tasuraace policles aad procceds resnlHnB from dmm��e to the Property
<br /> ��„_,;� •�, the acquisitfon ahaU pass co Beueflciary w the eatent of the Securod Debt immsdi�►tely before the acquisltion•
<br />�-;,"'#,:�:,�,;., B. Tivawr agrec�to maiataiu compreheasive generuQ liability inaurance nn�nin�Heneflciary us en additional ineured in
<br /> "'�'r"''"'' an amaunt acceptable w Beneflciary.insuring against claims arlaing from any accldent or occurrence in or an the
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<br />;,,z�..�;.m PcopPriy.
<br />-��z�:,� C. Truator agrees to mair►tein rentallosa or busiaess tnterruption insurance�ea m9uired by BEneficiary�ia en amount
<br /> .��, equul to at least coverage of one year's debt service,and required escrow�c�ouat deposits(iY agreed to sepxrately
<br /> z':'�'�?_'�;°�'yz►� in writing).under a form of policy aoceptable to Beneficiary.
<br /> -y� ':.. . 22.N�O��Do pa�o��� afu ds fo�eNs aud nourance ine eseco v�vtded in a separate a8reement.Truetor will not -
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<br /> •'�.':' _ . 23.FI�+iANCIAL AEPORTS ANA AIDATI'IONAL DOCUMEN'1'S.Trustor wiU provide to Bene�f'iclary upon cequest,anY --
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<br />�=-:p�::�:�r� finnncial statement or iaformnflon 8enefloiary may deem aecessarY. TtUBtO!WSR811t8 thIlt BIl fl111811C1S1 BtBtCJl1CIIt8 Aa
<br /> ��`��r� �fnttnaHon Ttusior Qrovl�le4 te Heneficiary are, or will be, accurute. correcc� and cor�nplete. Tntstor agc�.,w to sign. _
<br /> �'� leltvcr. :.ud ffle as Beaeficlery�nay reaaonably request any addiGuxiel daauncat�ar ccrtificati+�ns tE�at�*�'Ac�y�Y ��
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<br />�a�h;;,,� ,:„ consider nc�essary to perfect,continuc,swd preserve TruaWr's obli aUoas uador this Dced of Truat aud�u�:flcfary's ttcn
<br />?. � :� etatus on the Property If Trustor fails w do so.Beneticiary may e�9►�deliver.end file auch docuraents or certifieates ln
<br /> ���• . ' `��� ' Tivstor's naaie aa- d Truetar hereby irrevocably appa�nte Beaeficiary or Beneflciary's agent as auomey in fact to do the
<br /> .,. . �, thinge necessM'w�mP1Y with this section.
<br />-' ' . � 24.SOINT AND INDIVIDUAL LIABILITY;C�,SIGNERS, 5[JCCE6SOEtS AND ASSIQIINrS BOIJND. AU dudes uader _
<br /> ���. this Deed of Trust ere Joint and indiv[dual. If Tcustor aigns this Deed of T'rust but does f oi�sisgn��BDvi b ne�O�f�De�t=
<br /> �• 'IYustor does so only to atortgage Truewr's interest in thc Progerty to secure paymen � �this Oe�of —,
<br /> s' does aot agtce w be personally liable on the Secured Debt.Tcustor agc+ees Hiat Benefici and any pu�tY
<br /> ' Truet may e�end, modify or r�uike any chan8c in the terms of this Deed of T�ust or the Evidence of Debt without
<br />- : ¢ Trustor's consent.��1 bind a�nd beneRt ttte successorstaad essigna of Trustorlend�eRciary..�e duties and beneflta of —
<br /> : �, this Deed of'I'n_at --
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<br /> .. ..__�_�..,_.a.r.....e.,o�,.o,�nw n�r�crn Beneficiarv and Tcustor and does not directly secure the obligadon whlch -
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<br /> � -� ---- lI IIIItI YGCU w a a..o.o........�.�o---. --� �_'— � _
<br /> is guaranded�Tn�stor a�cees to wutve any rights that may�prevens Benetieiary from orin�iaB any acuon��e���.a8�: _
<br /> ' , • Trustor or any party+iadebted uader the obtigation including.but not Ifmited to,ant{-deRciency or one-action lawa. -
<br /> _ ' ��: 2S.APPLICABL� LAW; SEVEIdASIIILITYi ���TAT�ON. 'Chia Deed of Tivst �S govemed by the iaws of the =
<br />-- �,!F, �W'�St�CtI011 Ll WiIIC�I BCIIC�CIiIl�/ 19�OCBtCd.except to the eatent othecwtse rcquired by the Ittwa of the jwisdiction where �
<br /> �:•''' the Propecty is loceted.'Im1s Deed af Truat is complete and thlly integrated.'Chis Deecl of 7'rust mny not be araended or E
<br /> �; �;`%F��"�' � ���`, ntod3Sed by oral u}Sreement. Amy section or clause in this Deed of Trust, attactuaents� or any agreement related to the �
<br /> - s�,.. , unless thnt law expressly or impliedly permits the �
<br /> ���" �•• Sdcured Debt that conflicts withapplicable law will not be effecdve,
<br /> variationa by wdtten agrcemeat. If any sectlon or clr�uuse of thia Deed of Trust cannot be enforced sccording to its tem�s.
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<br /> �'�''� that s�xtion or clause wfll be severccl nnd wilt not affect the enforceability of the remAinder of this De�d of Tnist•
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<br />- ���; Whenever used.the singular ahall include the plural und the plural the singular. 'Ihe captions And headings of the sesttons .
<br /> �� of this Deed of Trust are for convenience only and are not to be used to interpret or define the terms of this Deed of Tmat. ,
<br /> - • `�t''�� Time is of the essence in this Dead of Trust. pago e oi e
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<br /> - . m 1883 Oauorn 6yncma,lnc..6t.dou0.MN It-006•3�7d3411 Form AOMO•DT•NE 1Q�J097
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