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200303709
<br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property at any reasonable time fur the pwpose of
<br />inspecting the Property. Beneficiary shall give Tmstor notice at the time of or before an inspection specifying a reasonable purpose
<br />for the inspection. Any inspcoti on of the Property shall be entirely for Beneficiary's benefit and Trustor will in noway rely on
<br />Beneficiary's inspection.
<br />Authority to Penton Fri. If Trustor fails to perform any duty or any ofthe covenants contained io this Security Instrument,
<br />Beneficiary may, without notice, perform or cause them to he performed. "Trustor appoints Beneficiary as choosy in fact to sign
<br />Tmstor's name or pay any amount necessary for performance. Beneficiary's right to perform for Trustor shall nut create au
<br />ohligstiom to perform, and Beneficiary's (allure to perform will not preclude Beneficiary from exercising any of Beneficiary's other
<br />rights under the law or this Security Instrument.
<br />Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the provisions of any lease if this
<br />Security Instrument is on a Icaschold. [title Property includes a unit in a condominium or planned unit development, Trustor will
<br />perform all at'Trestor's duties under the covcaunls, by -laws, or regulations ofthe condominium or planned unit development.
<br />Condemnation. Trustor will give Benctieiary prompt notice ofany pending or druaiencd action, by private or public entities to
<br />pu¢hese or tale any or ill of the Property through condemnation, eminent domain, or any other means. Trustor auldrizes
<br />Beneficiary to intervene in Trustor'. name in any ofthe above described actions er claims. 'Trustor assigns to Beneficiary the
<br />proceeds ofany award Or cluini for damages connected with a condemnation or other taking of all or any part ofthe Property. Such
<br />proceeds shall be considered payments and will be applied as provided in this Security Instrument- This assignment of proceeds is
<br />subject to the terms ofany prior mortgage, decd of cost, s'e'L'urily agreement or other lien documnent. 17384
<br />Insm'anee. Trustor shall keep Property insured against loss by fire, flood, theft and other huaards and risks reasa iably associated
<br />with the Property due to its type and location. This insurance shall be maintained in the amounts and for the periods that
<br />Beneficiary requires. The insurance carrier providing the insurance shall be chosen by Trustor subject to Benefinory's approval,
<br />which sill I not be unreasonably withheld. I f Trustor fails to maintain the coverage described above, Beneficiary may, at
<br />Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Properly according to the terns of this Security
<br />Instrument.
<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and, where
<br />applicable, "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or termination of the insurance.
<br />Beneficiary shall have the right to hold the policies and renewals. If beneficiary requires, Trustor shall immediately give to
<br />Beneficiary all receipts of paid premiums and renewal notices Upon loss, Tristan shall give immediate notice to the insurance
<br />call ier and Beneficiary. Beneficiary may make proof of loan if not made immediately by Trustur.
<br />Unless Otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the
<br />Secured Debt, whether or nut than due, at Beneficiary's option. Any application of proceeds to principal shall not extend or
<br />postpone the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Trustor. If
<br />the Property is acquired by Beneficiary, Truster's right to any insurance policies and pracaeds resulting from damage to the
<br />Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition,
<br />Y'tnanuml Reports and Additional Dacaments. Truster will prow ide to Beneficiary upon request, any financial statement or
<br />information Beneficiary may deem reasonably necess'ury. Traitor agrees to sign, deliver, and file any additional documents or
<br />certifications that Beneficiary may consider necessary to perfect, continue, and prcacrvc Trustor's obligulians under this Security
<br />Instrument and Beneficiary's lien status on the Property.
<br />6. WARRANTY OF TITLE. Tmstorwarmnts that Trustor is or will be lawfully seized ofthe estate conveyed by this Security
<br />Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of sale. Trustor also
<br />warrants that the Property is unencumbered, except lur encumbrances of record.
<br />7. DUE ON SALE. Beneficiary may, or ire option, declare the entire balance of the Secured Debt to be immediately due and payable
<br />upon the creation of, or contract for the creation of, a transfer or sale of the Properry. 'Phis right is subject to the restrictions
<br />imposed by federal law (12 C F R 5911, as applicable.
<br />8. DEfi AUL'r. Truster be in default if any of the following occur.
<br />Fraud. Any Consumer Borrower engages in fraud or material misrepresentation in connection with the Sacured Debt (hut is on
<br />open end home equity plan.
<br />Payments. Any Consumer Burrower on any Secured Debt that is an open end home equity plan pails to make a payment when due
<br />CXaClue —.01996 Pankers Systems, lac., Si _ Cloud., SIN Form 1)S60CP- DI -NI! 9/5/2(sol (page3of6)
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