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REttr -WRwr, 200208563 200208397 B. All future advances front Beneficiary to Trustor or other future obligations of Imador to Mieficiay under any promissory note. contract, guaranty, or other evidence of debt executed by Trustor in favor of R,mrriciary executed after this Security Instrument whether or not this Security Instrument is specifically referenced. If more Ilan one person signs this Security Instrument, each Truslor agrees that this Security Instrument will secure all future advances and untrue obligations that are given to or incurred by any one in more Truslor, or any one or more Truslor and others. All future advances aid other future obligations are secured by this Security Inatnmtent even though all or part may not yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security TrOniment Nothing in this Security Instrument shall constitute a commitment to make ahlilinnal or future loans or advances in oily amount. Any such commitment must be agreed to in a separate writing. C. All other obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law, including, but not limited to, liabilities for overdrafts whiting lo,a y deposit account agreement between Trustor and Beneficiary. ,. D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting the Properly and its value aid any other stuns advanced mid expenses incurred by Beneficiary under the terms of this Security Instrument In [lie event that Beneficiary fails to provide any necessary notice of the right of rescission with respect to any additional indebtedness Secured under paragraph B of this Section, Beneficiary waives any .subsequent security interest in the Truslor x principal dwelling fl d is created by this Security Instrument (bill does not waive the sec,auy interest for the debts referenced in paragraph A ofthis Section)_ 5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section are material obligations under the Secured Debt and this Security histrament If Trustor breaches any covenant in fl) is section, Rene fic iary may rc fuse to make additional cxtorsions of credit aid reduce the credit Iran By not exercising either remedy on 7ltilstor's breach, Beneficiary does not waive Beneficiary's right to later consider the event a In if it happens again Payments. Tnustm agrees that all payments under the Secured Debt will be paid when due aid in accordance with the lei ils of the Secured Debt and this Security Instrument, Prior Security Interests. With regard to any other mortgage, deed of trust, seem ity agreement or other lien docmmcnI that creel ed a prior .,enmity interest or cncanbraacc on the Property, Truster mccen to make all payments when due and to petf min on comply with all covenants. Trustor also agrees not to allow any modification or extension of, not to request any future advances under any note or agreement secured by the lien document without Beneficiary's prior written approval. Claims Against Title. - ❑nslor will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens, corn... brances, lease payments, ground rents, utilities, and other charges totaling to the Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of ull notices than such amounts are due and the receipts evidencing Truslor s payment. Trustot will defend title to the Property against any claims that would impair the lien of flux Security Instilment I mstor agrees to assign to Beneficiary, as requested by Bene Ociary, any rights, claims e' defenses Truslor may lee against parties who supply labor or materials In maintain or improve Lbe Property. Property Condition, Alterations and inspection. Truslor will keep the Property in good condition and make all repairs that me reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration of the Property. Trustor agrees -that the nature of the occupancy and use will not substantially change without Beneficiary's prior written consent. Trustor will not permit any change in any license, restrictive covenant or easement without Beneficiary's pion wrillen consent Trustor will notify Beneficiary of all demands, proceedings, claims, and action, against hustor, and of any loss or damage to the Property_ Beneficiary or Beneficiary's agents may, at Beneficiary" option, enter the Property at any leasmuldle time for the purpose of impacting the Property. Beneficiary shall give Trustor notice at the time of or before an inspection specifying a reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and I lustor will in no way rely on Benefmiary'., inspection Authority to Perform. If Trustor fails to perform any duty or any of the covenants contained in this Security Instrument, Beneficiary may, without notice, perform or cause them to be performed. Trustor appoints Beneficiary as attorney in fact to sign Trustor' a name or pay any amount necessary for perforrmance . Brncficim y's right to perform fur Tilstcr shall not create au obligation to pel'form, and Beneficiary's failure to perform will not preclude Beneficiary from exercising any of Beneliciay's other rights under the law or this Security Instrument Leaseholds; Condominiums; Planned Unit Developments. Truslor agrees to comply will) the provisions of any lease if this Security Instrument is on a leasehold If the Properly includes a unit in a condominium or a planned unit development, Tiustoi will perform all of Trustols duties, under the covenants, by -haws, or regulations of the condominium or planned unit development Condemnation. Trustor will give Bei eficiay prompt notice of any pending or threatened action, by private or public entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Trustor aniho'17e9 Beneficiary to intervene i.. Trustor'., name i.. any of the above described actions or claims Trustor assigna to Beneficiary the procceda of any award or claim for damages emnhected with a condenunatio.. or other taking of all or any part of the Property. Such proceeds shall be considered payments and will be applied a, provided in Ibis security Instrument This assignment of proceeds is subject (n the im'ms of any prior mortgage, deed of bust. s.unly agreement nr other Lien document. Insurance. 'l instor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably associated will the Property due to its type and location. This insurance shall be maintained in the amounts and for the periods that Beneficiary requires. The insurance carrier providing the insurance ,hall be chosen by Trustor Subject to Beneficiary's approval, which shall not be unreasonably withheld_ If Trustor fails to maintain the coTa descri had above, Rcncfioary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in lYle Properly according to the terms of this Security Instrument All insurance policies and renewals shall he acceptable to Beneficiary and shall include a standard "mortgage louse" aid, where applicable, "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or temtination of the insurance. Beneficiary shall have the right to hold the policies and renewals. If Beneficiary requires, Trustor shall immediately give to Beneficiary all reccipla of paid premiums and renewal notices. Upon loss, Trustor shall give immediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of boss if not made immediately by T,nam'. Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to the Seemed Debt, whether or not then due, at Benefieia'y's option. Any application of proceeds to principal shall not extend or pn.Upnne the due date of the scheduled payment nor change the amount of any payment. Any excess will be paid to the Trustor. If the Property is acquired by Beneficiary, Tiusmr's right m ally insurance policies and proceeds reselling, from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition / (page q( 4) ©inns sa"ums aYS� " ^s. mo si lY "ud. M u r "im owAmo sr 1111199 T't'Y'''] - c465INE) (9902)01 m