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200303372 B. All future advances from Beneficiary to Trustor nr other future obligations of Trustor to Beneficiary under any promissory note, contract, guaranty, or other evidence of debt executed by Trustor in from of Beneficiary executed after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs this Sccurily Instrmnent, each Trustor agrees that this Security Instrument will secure all future Avancos and future obligations that are given to or incurred by any one or more Toaster, or any one or more 'Ifrustor and others. All future advances and other future obligations are secured by this Security Instrument even though all or part may not yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment must be agreed to in a separate writing. C. All other obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law. including, but not limited to, liabilities for overdrafts relating to any deposit account agreement beIWCCII 'I'rus'tor and Beneficiary. D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the terms of this Security Instrument. In the event that Beneficiary fails to provide any necessary notice of [tic right of rescission with respect to any additional indebtedness secured order paragraph B of [his Section, Beneficiary waives any subsequent security interest in the Trustur's principal dwelling that is created by this Security Instrument (but does not waive the security ialeresl for the debts referenced in paragraph A of this Section). DEED OF TRUST COVENANTS. Trustor ngrcos [hat (tic uwcnams in this section are nmte6al obligations under the Secured Debt and this Security Instrumcnl. If Trustor breaches any covenant in this section, Beneficiary may refuse to make additional extensions of credit and reduce the credit limit. By not exercising either remedy on Trustor's broach, Bencl'iciary dues not waive Beneficiary's right to later consider the event a breach it it happens again. Payments. Trustor agrees that all payments under the Secured Debt will be paid when Line and in accordance with the terms of the Secured Debt and This Security lastrumcnl. Prior Security Interests. With regard to any other mortgage, decd of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property, Trustor agrees to make all payments when due and to perform or comply with all covenants. Trustor also agrees no( to allow any modification or extension of, nor to request any future advances under any role or agreement secured by the 6n document without Beneficiary's prior written approval. Claims Against Title. 'Trustor will pav all taxes (including any tax assessed to this Deed of Trust), as's'essments, liens, encumbrances, lease payments. ground rents, utilities, and other charges relating to the Property when duc. Beneficiary may require Trustor to provide to Beneficiary copies of all notices That such amounLS arc due and [tic receipts evidencing Trustor's payment. TrllxloT will defend Lille to the Property against env claims that would impair the lien of this Security Instrumcnl. Truslnr agrees to assign to Beneficiarv, as requested by Beneficiarv, any rights, claims or defenses Truslnr may have against parties who supply labor or materials to maintain or improve the Properly. Property Conditions Alterations and Inspection. Trustor will kce the Properly in good cemditiou and make all repairs that are reasonably necessary. Trustor shall not commit or al ow any waste, impairment, or deterioration of the Property. Trustor agrees that the nature of the occuparev and use will nut Substantially change without Beneficiarv's prior wra(ca consent- Truslnr Will not permit any change in any license, restrictive covenant or easement without Beneficiary's prior wrihcn ennscnl. Trustor will notify Beneficiary of all demands, proceedings, claims. and actions against Truslor, and of any loss or damage to the Property. Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time for the purpose of inspecting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and 'I roster will in no way rely on Beneficiary's inspection. Authority to Perform. It Trustor tails to perform any duty or anv of the covenants contained in this Security Instrument, Beneficiary may, without notice, perform or cause them to be performed .'I roster appoints Beneficiary as attorney in fact to sign 'I raster's name or pay any amount necessary for performance. Beneficiary's right to perform to,_ I'LLIStor shall not create an obligation to perform, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of Beneficiary's other rights under the law or this Security Instrument. Leaseholds; Condominiums; Planned Unit Developments.'lroster agrees to comply with the provisions of any lease if this Security Instrument is on a leasehold. It the Property includes a unit in a condominium or a planned unit development, 'Trustor will perform all of'I'roster's duties under the covenants, hV -laws. or regulations of the condominium or planned unit development. Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, bV private or public entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Trustor authorizes Beneficiary to intervene in Truster's name in any of the above described actions or claims. Trustor assigns to Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security Instrument. this assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement or other lien document. Insurance. Trustor shall keep Property insured against loss by tire, flood. theft and other hazards and risks reasonably associated with the Property due to its type and location.' I' his insurance shall be maintained in the amounts and for the periods that Beneficiary requires. 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 Securitv Instrument. All insurance; policies and renewals shall be acceptable to Beneficiary and shall include a standard "mort ag ge clause" and, where applicable "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or termination of Lire 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 duc dale of the scheduled paym r ent no change the amount of any payment. Any excess will be paid to the Truslnr. If the Pntlwrty 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 Semrod Debt i ninedimely before the acquisition. (page 2 0/ 4) (91M4s- k— ay,1,,- Inn., 5!. Clwd NN F& CCPAECT-NE 1113,BB