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200200556 <br />B. All future advances from Beneficiary to Trustor or other future o ligation of Trustor to Beneficiary, under any <br />pmnussory note, contract, guaranty, or other evidence of debt executed by Tmstor in favor of Beneficiary <br />executed after this Security Instrument whether or not this Security Intmment is specifically referenced. If more <br />than one person signs this Security Instrument, each 'I'rostor agrees ihat this Security Inlrmnent will secure all <br />future advances and future obligation that are given to or incurred by any one or more Trustor, or any one or <br />more Tmstor and others. All future ad,.. and rder future obligation are secured by this Security Instrument <br />even though all or part may rut yet be advanced. All future advances mud other future obligations are secured as if <br />made on the date of thus Security Irroommem. Nothing in this Security Intmment shall constitute a cmrmutrnent m <br />make additional or into= loans or advances in any arIIUUII Any sac commitment must be agreed to in a separate <br />writing. <br />C All other obligation Tmsmr owes to Beneficiary, which Wray, later miss, to the extent not prohibited by law, <br />including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Trustor <br />and Beneficiary. <br />D. All additional suits advanced and expenses incurred by Beneficiary for inuring, preserving or otherwise <br />Protecting rite Properly mid its value and any other suits incurred ts advanced and expenses i by Beneficiary under the <br />terns of this Security Instrument. <br />In the event full Beneficiary fails to provide may necessary notice of [Ile right of rescission with respect to arty additional <br />indebtedness secured under paragraph B of this Section, Beneficiary waives any subsequent security interest in We <br />Trusior'9 principal dwelling that is created by this Security Instrument (but does not waive the security interest for the <br />debts referenced in paragraph A of this .S'eetloll). <br />5. DEED OF TRUST COVENANTS. Truster agrees that ftte covenants in this section are material obligations under the <br />Secured Debt and this Security Intmment If Trustor breaches any caveman in this section, Beneficiary may refuse to <br />make additional exlensmns of credit mid reduce the credit limit. By not exercising either remedy on Tmstor's breach, <br />Beneficiary does not waive Beneficiary's right to later consider the event a breach if it happen again. <br />Pnyments. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the <br />terms of the Secured Debt and this Security Instrument. <br />Prior Security Interests. With regard to arry other mortgage, deed of trust, security agreement or other lien document <br />that created a prior security interest or encumbrance on the Property, Truster agrees to make all payments when due mid <br />to perform or comply with all covenants. Trustor also agrees not to allow any modification or extension of, nor to <br />request any future advances under any note or agreement secured by the lien document without Beneficiary's prior <br />written approval. <br />Claims Against Title. Trustor will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens, <br />encumbrances, lease payments, ground rents, utilities, and other charges relating to the Prnperly when due. Beneficiary <br />now require Truster to provide to Beneficiary copies of all notices that such amounts me due and the receipts evidencing <br />Trustor s paymct. Trustor will defend title to the Property against arty claims that would impair the lien of this <br />Security Instrument. Tmstor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses <br />Trustor may have against parties who supply labor or materials to maintain or improve the Property. <br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all <br />repairs that are reasonably necessary. Truster shall not commit or allow any waste, nupzinient, or deterioration of the <br />Property. Truster agrees that the nature of the occupancy and use will not substantially change without Beneficiary's <br />prior written cement. Trustor will not permit any change in any license, restrictive Invention or easement without <br />Beneficiary's prior written cement. Truster will notify Beneficiary of all demands, proceedings, claims, and action <br />against Trustor, and of any loss or damage to the Property . <br />Beneficiary or Beneficiary's agents may, at Beneficiary's option, enter the Property a any reasonable time for the <br />purpose of inpec[in� the Property- Beneficiary shall give Tmstor notice at the time of or before an inspection <br />specifying a reasonable purpose for the inspection. Any inspection of fire Property shall be entirely for Beneficiary's <br />benefit and'fmstor will in no way rely on Beneficiary's inspection. <br />Authority it, Perform. If Trustor fails to perform any duty or Lary of the covenants contained in this Security <br />Intrunent, Beneficiary may, without notice, perform or cause them to be peritimicd. Truster appoints Beneficiary as <br />attorney in fact to sign Trustor's name or pay any amo cal. necessary for performance. Beneficiary's right to perform for <br />Tmstor shall rut create an obligation to perform, and Beneficiary s failure m perform will not preclude Beneficiary <br />from exercising any of Beneficiary's other rights tinder the law or thus Security Intrumem. <br />Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the provisions of any lease <br />if this Security Instrument is on a leasehold. If the Properly includes a unit in a condominium or a planned wit <br />development, Truster will perform all of Trustor's duties under the covenants, by -laws, or regulation of the <br />condonrhuwn or planned null development. <br />Condemnation. Truster will give Beneficiary prompt notice of any pending or threatened action, by private or public <br />entities to purchase or take airy or all of the Property through cmndnmatmn, moment domvn, or any other nears. <br />Trustor authorizes Beneficiary to inlenven a Or Tnistoi s name in any of the above described actions or claims. Trustor <br />assigns to Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of <br />all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this <br />Security Instrument. This assignment of proceeds is subject to the terns of any prior mortgage, deed of trust, security <br />agreement or other lien document. <br />Insurance. Trustor shall keep Property, insured against loss by fire, flood, theft and other hazards mid risks reasonably <br />associated with the Property due to its type and location. "this insurance shall be maintained in the amounts and for the <br />periods flat Beneficiary requires. The insurance carrier providing the insurance shall be chosen by Tmstor subject to <br />Beneficiary's approval, which shall not be unreasonably withheld. if Trustor fails to maintain the coverage described <br />above, Beneficiary may, at Beneficiary's Option, obtain coverage to protect Beneficiary's rights in the Property <br />according to the terms of this Security Instrument, <br />All insurance policies mid renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause' <br />and, where applicable, "loss payee clause." 'Pmstor shall nmnediately notify Beneficiary of cancellation or termination <br />of the insurance. Beneficiary shall have the right in hold the policies and renewals. If Beneficiary requires, Trustor shall <br />immediately give to Benefictary all receipts of paid preimunis and renewal notices. Upon loss, Trusmr shall give <br />immediate notice tin the innrance carrier and Beneficiary. Beeficiary army make proof of loss if not made inunediately <br />by Trustor. <br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Properly or <br />to Iho Secured Debt, whether or not then due at Beneficiary's option. Any application of proceeds to principal shall net <br />extend or postpone the due date of lbc scheduled payment nor change the amount of arw payment. Any excess will be <br />paid to the Tmsmr_ If the Properly is ae rued by Beneficiary, Tmstor's right to any insurance policies mid proceeds <br />resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt <br />immediately before the acquisition. I� fpege <br />ao"a, ury rmm ocP- aeon -mr vwae <br />®- C48 atNE) teeort <br />