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200210625 L. Notwithstanding any of the language contained in this Deed of Trust to the contrary, the terms of Nis section shall survive any foreclosure or satisfaction of this Deed of Trost regardless of any passage of title to Beneficiary or any disposition by Beneficiary of any or all of the Properly. 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 mcaus. Trustor further agrees to notify Beneficiary of any proceedings instituted for the establishment of any sewer, water, conservation, ditch, drainage, or other district relating to or binding upon the Property or any part of it. 'Tmstor authorizes Beneficiary to intervene in Trustee's name in any of the above described actions or claims and In 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 condemnation or other taking of all or any part of the Property. Such proceeds shall be considered payments and will he applied as provided in Nis Decd of Trust. This assignment of proceeds is subject to the terms of any prior security agreement. 21. INSURANCE. Truster agrees to maintain insurance as follows: A. 'Trustor shall keep the Properly insured against loss by fire, theft and other hazards and risks reasonably associated with the Property due to its type and location. Olhrr 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 that Beneficiary requires. The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval, which shall not be unreasonably withheld. If Truslor 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 We terms of this Deed of Trust. All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and, where applicable, "beneficiary loss payee clause." '1'tuslor shall immediately notify Beneficiary of cancellation or termination of We insurance. Beneficiary shall have the right to hold the policies and renewals. If Beneficiary requires, Trustor shall immediately 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 out made immediately by Trustor. Unless Beneficiary and Trustor otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged if the restoration or repair is economically feasible and Beneficiary's security is not lessened. If the restoration or repair is not economically feasible or Beneficiary's security would be lessened, the insurance proceeds shall be applied In the Secured Debt, whether or not then due, with any excess paid to Trustor. If Truster abandons the Property, or does not answer within 30 days a notice from Beneficiary that the insurance carrier has offered to settle a claw, then Beneficiary may collect the insurance proceeds. Beneficiary may use the proceeds to repair or restore the Property or 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, Trusmr's right to any insurance policies and procceds resulting from dmnage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. B. Trusmr agrees to maintain 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 interruption insurance, as required by Beneficiary, in an 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 form of policy acceptable to Beneficiary . 22. NO ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, 'Tmstor will net be required to pay io Beneficiary funds for taxes and insurance in escrow. 23. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. 'Tmstor will provide to Beneficiary upon request, any financial sWtunent or information Beneficiary may deem necessary . 'Tmstor warrants that all financial statements and information Trustor provides to Beneficiary are, or will be, accurate, correct, and complete. Trustor agrees to sign, deliver, and file as Beneficiary may reasonably request any additional documents or cerlificuimus that Beneficiary may crosidcr necessary to perfect, continue, and preserve 'Crosier's obligations under this Deed of '''rust and Beneficiary's lien status on the Property_ If Truslor fails to du sec, Beneficiary may sign, deliver, and file such documents or certificates in Trsstor's came and Truster hereby irrevocably appoints Beneficiary or Beneficiary's agent as attorney in fact to do the things necessary to comply with this section. 24. JOINT AND INDIVIDUAL. LIABILITY; CO- SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All duties under this Deed of 'Trust are joint and individual. If Trustor signs this Decd of Trust but does not sign the Evidence of Debt, Trustor does so only to mortgage 'Truster's taerest in the Property to secure payment of the Secured Debt and Trustor does nut agree to be personally liable on the Secured Debt. Truslor agrees that Beneficiary and any party to this Deed of Trust may extend, modify car make any change in the terms of this Deed of Trust or the Evidence of Debt without 'I'msmr's consent. Such a change will not release Trustor from the terms of this Deed of Trust. The duties and benefits of this Deed of Trust shall bind 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 claim against Trustor or any party indebted under the obligation including, but not limited to, anti - deficiency or one - action laws. 25. APPLICABLE LAW; SEVERABIITY; INTERPRETATION. This Deed of Trust is governed by the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the laws of the jurisdiction where the Property is located. 'This Deed of Trust is complete and fully integrated. This Deed of Trust may not be amended or modified by oral agreement. Any section or clause in this Deed of Trust, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will nut he effective, unless that law expressly or implu dly pennils the variations by written agreement . If any section or clause of this Deed of Trust cannot he enforced according to its terms, that section or clause will be severed and will not affect the enforceability of the remainder of this Deed of 'Trust. Whenever used, tine singular shall include the plural and the plural the singular. The captions and headings of the sections of this Deed of Trust are for convenience only and are not to he used to interpret or define the terms of this Deed of Trust - '1'ime is of the essence in this Teed of Trust F (emu rCe 1) 19 s,o— Inc.. st Claud No Point N. c0 rTN1 c.1/ osl