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200206925 18. CONDEMNATION. Tmstor will give Beneficiary prompt notice ol'atv pending or druatened action by private or public entities to purchase or Take any or all of die Property through condeniummir current domain, or any other means. Tristan a formcs Bmnefictaq to innerene in 'limper s name in any of the above described actions or claims. Truster assigns to Beinefieiary the proceeds of anv awad or cl.unt for damages connected with a coadenmation of other taking of all or any pan of the Property. Suds procccds shall be considered pavincnts andnwill be applied as provided to tths Security Insrnment. This assignment of procccds is subject to Nc terms of am prior mortgage, deed of trust, security agreement or other lien document 19. INSURANCE. Tmstor shall keep Property Insured against loss by fire, hood, theft and other havards and risks reasonably associated with the Property due to its type and location. This insurance shall be maintained in the amounts and for the pcno is that Beneficiary requires The Insurance carrier providing die Insurance shall be chosen by Toaster subject to Beneficiary -s approval. which slwll not be unreasonably outfield. IfTmstor fails to maintain the coverage described above, Beneficiary may, at Beneficiary `s optical . obtain coverage to protect Renefci2ri S rights in the Property according to the terms of this Seeumv Instrument All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard `mortgage clause" and, where applicable "loss payee clause." Tmstor slWl tnuneditneiv potty B ore fciary of cancellation or termination of the Insurance Beaefieiers shall have the right to hold me policies and rinowals If Beneficury requires, Tmstor Shall immediately give to Beneficiary all receipts of paid premiums and renewal notices. Upon loss, 'I'rustor anal give immediate notice to the insurance career and Beneficiary. Beneficiary may make proofof loss it not etude unniedtately by Truster. Emless otherwise agreed in writing all insurance proceeds shall be applied to the restoration or repair of the Property or to die Secured Debt, whether or not then due, at Beneficiary's opuon. Any application of proceeds to principal shall riot extend or postpone the due date of me scheduled paramour nor charge the amount of any payment Any excess will be paid to die Tmstor. If the Property is acquired by Beneficiary Trusm2s right to runs insurance policies and proceeds msolaing from damage to (be Property before the acquisition shall pass to Beneficiary to the extent of the Sxarcd Debt immediaely before the acquisition. 20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise providnd in a separate agivenhent Truster will not be required to pay to Beneficiary kinds for taxes and insurance in escrow_ 21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Tmstor will provide to Beneficiary upon request, any financial statement or informalimh Beneficiary may deem reasonably necessary. Tmstor agrees to sum, deliver, and file arp additional documents or comficatlons Nat Beneficiary may consider necessary to perfect, continue, and preserve Tmstors obligations under Nis Sconnts Inatrumenl had Beneficiary's lien status on me Pm kits 22. JOINT AND LNDWIDUAL LIABILITY; CO- SIGNERS; SLCCESSORS AND ASSIGNS BOUND. All duties under thus Secretly instrument am joint and individual B Tmstor signs this Security Instrument but does not sign at evidence of debt Tmstor does so cuts to transfer, mortgage and convey Trustor's interest in Wo Property to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Sear¢d Debt. If tux Security Instrm¢nt secures a guaranty behvicen Benefcian and Tmstor, Torsion agrees to wairm any right that may prevent Beneficiary from bringing any action or claim against Triton or any party indebbd under die obligation_ These rights may include, but are not limited lo, any anti - deficiency or Our- action laws. Truster agrees awl Deneficiary and anv parr to BPS Security Instmmcnt may extend, modify or make any change in the terns of this Security Instmmcnt or any evidence of debt without Trustor's consent. Such a dwnge will Out release Tmstor Gum the Icnns of this Scrams, Instmmem. The duties arid benefits of this Security instnuncm shall bind mid benefit are successors aid assigns of Tmslor and Bene6daiv 23. APPLICABLE LAW; SEVERABIIJTV; INTERPRE'FA'1'ION_ This Seamus Instrument is governed by the lays of the jurisdiction in which Benefcaryy is located except to the extent orheroise required by the laws of the jurisdiction where the Property is located Ibis Securis Instrument is complete and fulls integrated. This Security hhstmment nay not be amended or niodifad by oral agreement Any section in dos Security instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly o r hmph m variations edly peots the by written agreement If any section of (]us Security Instrument carrot be enforced according to its terms not section will be severed and will nor all 'ect the cnforoeatudox of the rranainder of this Security Instrument Whenever used ate singular shall include the plural and the pl u it the singular _ The captions and headings of the sections at this Scc city Inxtrwnera are for convenience PON and are not to be used to nnorpmt or define die terim of phis Security Instillment 'fline is of Weessence in this Seceity Instrument In the event any section in this Security hstnumenl directy conflicts with any section of If certain Home Equiiv Closing Handbook which contains the Bquiblnum Account Agreement Terms and Conditions (as applicable). Fixed Role note Terms had Conditions (as applicable), the Arbitration Agreement. aid the Agreement to Provide IBoobboperty Insurance all of which Tmstar Igrccv to by signing this Scopus Instrument the focus of hit home Pquity Closing Handbook shall control. 21. SUCCESSOR TRUSTEE.. Beneficiary, at Beneficiary's option, may from more to time remove Trustees and appoint a successor trustee without any other formality than the designation in Orifing . The successor notice, without convosance of (lie Property, shall succeed to all the rule. power and duties conferred upon Trustee by his Security Instrument and applicable Iay. 25. NOTICE. Unless mWerwise required by law, any notice shall be given bs delivering it or by railing it by firs( class mail to Nn apprimme parry's address on page I of this Sccnnty Instrument, or to any other address designated in nmitinq Notice to one Imsmrwill be deemed to be Police to all Tuitions - EQI?- 1(0420011