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200304744
<br />Beneficiary or Beret icrary 's agents may, at Beneficiary's option, enter the Property it any reasonable time for the purpose of
<br />inryectug the Property. Beneficiary shall give'fresmr notice ut the tune afar before an Inspection specifying a reasonable purpose
<br />for the inspection Any inspection of the Property shall be entirely fur Beneficiary's benefit and Tnrst., will is nn may rely on
<br />Bcnefieiury's Inspection.
<br />Authority to Perform. IfTnAur fails to perform any duty or any of the covenants contained in this Security Inshumcnt.
<br />Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as attorney in fact to sign
<br />Tmstor's name or pay any amount ncccs'sary for performance. Beneficiary's right to perform for '1'rusmr shall not create an
<br />obligation to perform, and Beneficiary's failure to perform will nut preclude Beneficiary from exercising any of Ilbneliciary's other
<br />rights under the law or this Security Instrument.
<br />Leaseholds; Condominium; Planned Unit Developments. Truster agrees to comply with the provisions of any ]case if this
<br />.Security Instrument is on a leasehold. If Ilre Property Includes a unit in a condominium or planned unit development, Trustor will
<br />perform all ofTrustor's duties under the coverunw, by -laws, or regulations of the condominium or planned unit development.
<br />Condemnation. Truster will give Beneficiary prompt notice ofany pending or threatened action, by private or public entities to
<br />parchuse ur take any or all of the Property through condemnation, eminent domain, or any uthcr means. Trustor authorizes
<br />Beneficiary to inlervenc in Trustor's nomc in any of the above described actions or claims. Tms(or i ssigne to Beneficur y the
<br />proceeds i f any award or claim for damages connected with a condemnation archer taking of all or any part of the Property. Such
<br />proceeds shall he considered payments and will be applied as provided in this Security Instrument- This isslgnmarr apraceeds is
<br />subject to the terms ofany prior mortgage, deed oftfust, security agreement archer lien doeutntmtt 17384
<br />Insurance. TmACr shall keep Property insured against loss by fire, flood, theft and other hazards and risks reaatnubly assoCItUd
<br />with the Property due to its type and location. This imane"Ce shall be maintained i n the amounts and for the periods (hat
<br />Beneficiary requirea- The insurance carrier providing the insumnce shall be chosen by Trustor subject to Beneficiary's approval,
<br />which shall not be unreasonably withheld. It trust., Paris to main... the coverage described above, Beneficiary may, at
<br />Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according lu the terraria of this Security
<br />Instrument.
<br />All insurance policies and renewals shall be acceptable to Beneficiary and shell include a standard "mortgage clause" and, what
<br />applicable, "loss payee clause" 'I 'order shall immediately notify Beneficiary of cancellation or attraction of the insurance.
<br />Beneficiary shall have the right o hold the policies and renewals, Ifbcncficiary requires, Trusbar high inrrnediately give to
<br />Beneficiary all receipts ofpaid premiums and renewal notices. Upon loss, 'I fusion shall give i marainte notice to the i temante
<br />carricrand Beneficiary. Beneficiary may are proofof loss Trot made immediately by'I'rustor.
<br />Unless otherwise agreed in writing, all insumnce proceeds shell be applied to the restoration or repair of the Property or to the
<br />Secured Debt, whether or not then due, at Beneficiary's option. Any application of proceeds to principal shall not extend or
<br />postpone the due date ofthe scheduled payment nor change the amount ofany payment Any assess will be paid to the Ti aster If
<br />the Property is acquired by Beneftciei y, Truster's right to any insurance policies and proceeds resulting from damage to the
<br />Properly before the acquisition shelf pass to Beneficiary to the extant of the Secured Debt immediately before the acquisition.
<br />Financial Reports and Additional Documents. Trustor will provide to Beneficiary upon request, any financial statement or
<br />information Beneficiary may deem reasonably necessary. Truster ugrees to sign, deliver, and file any additional documents or
<br />cercificanons that Beneficiary may eproacer necessary to perfect, continue, and preserve Trus'lor's obligurerv, under (his Security
<br />Instrument and Beneficiary's lien status on the Property.
<br />6. \VARRANTY OF TITLE. Trustorw,Piants that -Dealer is or will be lawfully seized ofihe estate conveyed by this Security
<br />Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in [rust, with power of sale. Truster also
<br />warrants that the Property is unencumbered, except for encumbrances of record,
<br />7. DUE ONSALE. Beneficiary may, at its option, declare the brute balance ofth, Secured Debt to be immediately due and payable
<br />upon the creation of or cornet/ for the creation of, a transfer of sale of the Property- This right is subject to the restrictions
<br />imposed by federal law (12 C.P.M. 591), as applicable.
<br />8. DEFAULT. Trustor will be in default :Pony ofthe following occur.
<br />Fraud. Any Consumer Borrower engages in faced or material misrepresentation in connection with the Secured Debt that is an
<br />open end home equity plan.
<br />Payments. Any Consumer Borrower on any Secured Debt that is an upon end hums equity plan fails (o nrure a payment when due
<br />F.p,clr. P1994 flanker, Sysmnm, Inc, Sr Cloud, MN Tom, USBOCP -DT -NF 9/5 /2001 (page) of 6)
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