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202404817 <br />21. Financial Reports and Additional Documents. Trustor will provide to Beneficiary <br />upon request, any financial statement or information Beneficiary may deem reasonably necessary. <br />Trustor agrees to sign, deliver, and file any additional documents or certifications that Beneficiary <br />may consider necessary to perfect, continue, and preserve Trustor's obligations under this Security <br />Instrument and Beneficiary's lien status on the Property. <br />22. Joint and Individual Liability; Co -Signers; Successors and Assigns Bound. All <br />duties under this Security Instrument are joint and individual. If Trustor signs this Security Instrument <br />but does not sign an evidence of debt, Trustor does so only to mortgage Trustor's interest in the <br />Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable <br />on the Secured Debt. If this Security Instrument secures a guaranty between Beneficiary and Trustor, <br />Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim <br />against Trustor or any party indebted under the obligation. These rights may include, but are not <br />limited to, any anti -deficiency or one -action laws. Trustor agrees that Beneficiary and any party to this <br />Security Instrument may extend, modify or make any change in the terms of this Security Instrument <br />or any evidence of debt without Trustor's consent. Such a change will not release Trustor from the <br />terms of this Security Instrument. The duties and benefits of this Security Instrument shall bind and <br />benefit the successors and assigns of Trustor and Beneficiary. <br />23. Applicable Law; Severability; Interpretation. This Security Instrument shall be governed <br />by Federal law and the law of the jurisdiction in which the Property is located. This Security <br />Instrument is complete and fully integrated. This Security Instrument may not be amended or <br />modified by oral agreement. Any section in this Security Instrument, attachments, or any agreement <br />related to the Secured Debt that conflicts with applicable law will not be effective, unless that law <br />expressly or impliedly permits the variations by written agreement. If any section of this Security <br />Instrument cannot be enforced according to its terms, that section will be severed and will not affect <br />the enforceability of the remainder of this Security Instrument. Whenever used, the singular shall <br />include the plural and the plural the singular. The captions and headings of the sections of this Security <br />Instrument are for convenience only and are not to be used to interpret or define the terms of this <br />Security Instrument. Time is of the essence in this Security Instrument. <br />24. Successor Trustee. Beneficiary, at Beneficiary's option, may from time to time remove Trustee <br />and appoint a successor trustee without any other formality than the designation in writing. The <br />successor trustee, without conveyance of the Property, shall succeed to all the title, power and duties <br />conferred upon Trustee by this Security Instrument and applicable law. <br />25. Notice. Unless otherwise required by law, any notice shall be given by delivering it or by mailing <br />it by first class mail to the appropriate party's address in this Security Instrument, or to any other <br />address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. <br />26. Request for Notices. Trustor and Beneficiary hereby request a copy of any notice of default, <br />and a copy of any notice of sale, be mailed to each party at the address for such party set forth in this <br />Security Instrument. <br />27. Waivers. Except to the extent prohibited by law, Trustor waives all appraisement and homestead <br />exemption rights relating to the Property. <br />28. Other Terms. If checked, the following are applicable to this Security Instrument: <br />El Construction Loan. This Security Instrument secures an obligation incurred for the <br />construction of an improvement on the Property. <br />Deed Of Trust Closed End -NE <br />© 2023 Wolters Kluwer Financial Services, Inc. <br />All rights reserved. <br />07/2024 <br />2024092424.2.0.5916-J20240807Y Page 7 of 11 <br />