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<br />)Wass Beneficiary and truster otherwise agree in writing, insurance proceeds all be applied to realer slim, or
<br />repair of the Property damaged if the restoration or repair is ecunomically feasible and Beneficiary's security is
<br />not lessened. If the restoration or repair is not ec an em ice l ly feasible or Beneficiary's security would be lessened.
<br />the insurance proceeds shall be applied to the Secured Debt, whether or not then duo, with any excess paid to
<br />Truster. If Truster abandona the Property, of does not answer within 30 days a notice from Beneficiary that the
<br />insurance carrier has offered to settle a claim, then Beneficiary may collect the insurance proceeds. Beneficiary
<br />may use the proceeds to repair or restore the Property or to pay the Secured Debt whether or net then due. The
<br />30 -day period will begin when the notice is given.
<br />Jnless Beneficiary and Truster otherwise agree in writing, any application of proceeds to principal shall not
<br />extend Or postpone the due date of scheduled payments or change the amount of the payments If the Property
<br />is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the
<br />Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before
<br />the acquisition.
<br />B. Truster agrees to maintain comprehensive general liability insurance naming Beneficiary as an additional insured
<br />in an amount acceptable to Beneficiary, insuring against claims arising from any accident or occurrence in er on
<br />the Property.
<br />C Trustor agrees to maintain rental loss or business interruption insurance, as required by Beneficiary, in an
<br />amount equal to at least coverage of one year's debt service, and required escrow account deposits lit agreed to
<br />separately in writing), under a form of policy acceptable to Beneficiary.
<br />21, NO ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Truster will not he
<br />required to pay to Beneficiary funds for taxes and insurance in escrow.
<br />22. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon request, any financial
<br />statement or information Beneficiary may doom necessary. Trustor warrants that all financial statements and
<br />information Trustor provides to Beneficiary are, or will be, accurate, correct, and complete, Truster agrees to sign,
<br />deliver, and file as Beneficiary may reasonably request any additional documents or certifications that Beneficiary may
<br />consider necessary to perfect, continue, and preserve Trustor's obligations under this Deed of Trust and Beneficiary's
<br />lino status on the Property. If Trustor fails to do so, Beneficiary may sign, deliver, and file such documents or
<br />certificatas in Trrrstor'e name and Trustor hereby irrevocably appoints Beneficiary or Beneficiary's agent es attorney in
<br />fact to do the things necessary to comply with this section.
<br />23. JOINT AND INDIVIDUAL LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Used
<br />of Trust are joint and individual, If Trustor signs this Deed of Trust but does not sign the Evidence of Debt. Trustor
<br />ones so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does
<br />not agree to be personally liable on the Secured Debt Trustor agrees that Beneficiary and any party to this Deed of
<br />Trust may extend, modify or make any change in the terms of this Deed of Trust or the Evidence of Debt without
<br />Trustor's consent. Such a change will not release Trustor from the terms of this Deed of Trust. The duties and
<br />benefits of this Deed of Trust shall bind slid benefit the successors and assigns of Trustor and Beneficiary.
<br />If this Deed Of Trust secures a guaranty between Beneficiary and Trustor and does not directly secure the Ohligation
<br />which is guarantied, Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim
<br />against Trustor or any party indebted under the obligation including, but not limited TO, anti- defirichey or one- action
<br />laws,
<br />24. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Deed of Trust is governed by the laws of the jurisdiction
<br />in which Beneficiary is located, except to the extent otherwise required by the laws Of the jurisdiction where the
<br />Properly is located, This Deed of Trust is complete and fully integrated. This Deed of Trust may not be amended or
<br />modified by oral agreement. Any section or clause in this Deed of Trust, attachments, or any agreement related to the
<br />Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the
<br />variations by written agreement. If any section or clause of this Dead of Trust cannot be. enforced according to its
<br />Terms. that section or clause will be severed and will not affect the enforceability of the remainder of this Deed Of
<br />Trust. Whenever used, the singular shall include tho plural and the plural the singular. The captions and headings of the
<br />sections of this Deed of Trust are for convenience only and are not to be used to interpret or define the terms Of this
<br />Deed Of Trust. Time is of the essence in this Deed of Trust.
<br />25. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and appoint a
<br />successor trustee by an instrument recorded in the county in which this Deed of Trust is recorded. The successor
<br />Trustee, without conveyance of the Property, shall succeed to all the title, power and duties conferred upon the
<br />Trustee by this Deed of trust and applicable law.
<br />26. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class mail
<br />to the appropriate party's address on page 1 of this Decd of Trust, or to any other address designated in writing.
<br />Notice to one truster will be deenhed to be notice to all trusters.
<br />(t ,v 6 of B)
<br />F1dV;1W c ss3, 2001 c.o,- 1,1 —,.- Sv 11-11, Mo Fmm T,ii sas'.E s/h /0000 �� f
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