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200200653 L.. Notwi trilanding any of the language conained in this Decd of Trust to the contrary, the terms of this section shall survive any foreclosure or satisfaction of this Decd of Trust regardless of any passage of title in Beneficiary or any disposition by Beneficiary of any or all of the Property. Any claims and defenses to the contrary are hereby waived. 20. CONDEMNATION. Trustor will give Beneficiary prompt notice of any action, real or threatened, by private or public entities to purchase or take any or all of the Property, including any easements, through condemnation, eminent domain, or any other means. Trustor further agrees to notify Beneficiary of any proceedings instituted for the estahlishment of any sewer, water, conservation, ditch, drainage, or other district relating to or binding upon the Property or any parr of it. 'Foust... authorizes Beneficiary to intervene in Truant's name in any of the above described actions or claims and to collect and receive all sums resulting from the action or claim. Trustor assigns to Beneficiary the proceeds of any award or claim for damages connected with a conhannatiou or other taking of all or any part of the Property. Such proceeds shall be considered payments and will he applied as provided in this Deed of Trust. This assiga to of of proceeds is subject to the terms of any prior security agreement. 21. INSURANCE. Trustor agrees to maintain insurance as follows: A. Trustor shall keep the Property insured against loss by fire, theft and other hazards and risks reasonably associated with the Property due to its type and location. Other hazards and rusks may include, for example, coverage against loss due to floods or flooding. This insurance shall be maintained in the amounts and for the periods drat Beneficiary requires. The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval, which shall Rot 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 lames of this Deed of Trust. All insurance politics and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and, where applicable, "beneficiary loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or termination of the insurance. Beneficiary shall have the right to hold the policies and renewals. If Beneficiary requires, Trustor shall inuncelialely 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 Beneficiary and Ttuslor otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property donaged if the restoration or repair is economically fcasihle and Beneficiary's security is not lessened_ If the restoration or repair is not rennomically feasihle or Beneficiary's security would be lessened, the insurance proceeds shall he applied to the Secured Debt, whether or not then due, with any excess paid to Truster. if'I'castor abandons the Property, or does not answer within 30 days a notice from Beneficiary that the insurance carrier has offered to settle a. claim, then Beneficiary may collect the insurance proceeds. Beneficiary troy use the proceeds to repair or restore the Property nr to pay the Secured Debt whether or not then due. The 30-day period will begin when the notice is given. Unless Beneficiary and Trustor otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of scheduled payments or change the amount of the payments. If the Property is acquired by Beneficiary, Tmstor's right to any insurance policies and proceeds resulting from damage In the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. B. Trustor agrees to maimpor comprehensive general liability insurance naming Beneficiary as an additional insured in an amount acceptable to Beneficiary, insuring against claims arising from any accident or occurrence in or on the Property. C. Trustor agrees to maintain rental loss or business intermpfion . insurance, as required by Beneficiary, in au amount equal to at least coverage of one year's debt service, and required escrow account deposits (if agreed to separately in writing), under a loan of policy acceptable In Beneficiary _ 22. NO ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustur will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 23. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial statement or information Beneficiary may deem necessary. Trustor warrants that all financial statements and information Trustor provides to Beneficiary arc, or will be, accurate, correct, and complete_ Trustor agrees to sign, deliver, and file m Beneficiary may reas..nahly request any additional documents or certifications (flat Beneficiary may consider necessary to perfect, continue, and preserve 'I ruslor's obligations under this Deed of Trust and Beneficiary's lien status or the Property- it'rmsror fails to do so, Beneficiary may sign, deliver, and file such documents or certificates in I ner is name and Trustor hereby irrevocably appoints Beneficiary or Benefidarv's agent as attorney in fact to do the things necessary to comply with this section. 24..fOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS{ SUCCESSORS AND ASSIGNS BOUND. All duties under this Deed of Trust are joint and individual. If Trustor signs this Deed of Trust but does not sign the Evidence of Debt, Trustor does so only to mortgage Tmslor's interest in the Property to secure payment of the Secured I1ebt and 'I castor does not agree to be personally liable on the Secured Debt. Trustor agrees that Beneficiary and any patty to this Deed of Trust may extend, modify car make any change in the term of this Deed of Trust or the Evidence of Debt without 'frusmr's ...sent. Such a change will not release Trustor from the terms of this Deed of Trust. The duties and benefits of (his Deed of Trust shall hind and benefit the successors and assigns of Trustor and Beneficiary . If this Deed of Trust secures a guaranty between Beneficiary and 'Trustor and does not directly secure the obligation which is guarantied, 'Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or dauir against Trustor or any party mdebwd under the obligation including, but not limited to, anti- deficiency or our- action laws. 25. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. this Deed of 'trust is governed by the laws of the jurisdiction to which Beneficiary Is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located - 'Phis Deed of 'Trust is complete and fully integrated. 'this Deed of Trust may cot be amended or modified by oral agreement Any sedion i clause in this Deed of Tmst, attachments, or any agreenuem related to the Secured Debt that conflicts with applicable law will not be etfecove, unless that law expressly or implicitly permits the variations by written agreement. If any section or clause of this Deed of Trust cannot be enforced according to its terns, that section or clause will be severed and will not affect the enforceability of the remainder of this Deed of Trust. Wherever, used, the singular shall include the plural and the plural the singular. The captions and bcadings of the sections of this Deed N Trust are for convenience only and are not to he used to interpret or define the terms of this Deed of Trust. 'fame is of the essence in this Deed of Trust. �� ease s of s Vii; 0 ,vela w "s.osra.m,, i "_,.,, v " "1 . mm ro.m w.. o.or 11 sm,mm �—