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<br />200903893
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<br />Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or dcfenses Trustor
<br />may have against parties who supply labor or materials to maintain or improve the Property.
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<br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all repairs
<br />that arc reasonably neecssary. Trustor shall not commit or allow any waste, impairment, or deterioration of the Property.
<br />Trustor agrees that thc nature of the occupancy and use will not substantially changc without Benel1ciary's prior wrillen
<br />consent. Trustor will not permit any change in any license, restrictive covenant or casement without Beneficiary's prior
<br />written consent. Trustor will notify Beneficiary of all demand'!, proceedings, claims, and actions against Trustor, and of
<br />any loss or damage to the Property.
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<br />Beneficiary or Bencficiary's agents may, at Benel1ciary's option, entcr the Property at any reasonable time for the purposc
<br />of inspecting the Property. Benel1ciary shall give Trustor notice at the time of or before an inspection specifying a
<br />reasonable purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and
<br />Trustor will in no way rely on Beneficiary's inspection.
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<br />Authority to Perform. If Trustor fails to perfOrtll any duty or any of the covenants contained in this Sccurity Instrument,
<br />Beneficiary may, without notice, perfonn or cause them to be perfoffiled. Trustor appoints Bencficiary as attorncy in fact
<br />to sign Trustor's name or pay any amount necessary for perfonnance. Beneficiary's right to perfonn for Trustor shall not
<br />create an obligation to perfonn, and Beneficiary's failure to perfonn will not preclude Beneficiary from exercising any of
<br />Benel1ciary's other rights under the law or this Security Instrument.
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<br />Leaseholds; Condominiums; Planned Unit Developments. Trustor agrees to comply with the provisions of any lease if
<br />this Security Instrument is on a leasehold. If the Property includes a unit in a condominiwll or a plmmed unit devclopment,
<br />Trustor will perfonn all of Trustor's duties under the covenants, by-laws, or rcgulations of the condominium or plalU1ed
<br />unit developmcnt.
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<br />Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action, by privatc or public
<br />entities to purchase or take any or all of the Property through condemnation, eminent domain, or any other means. Trustor
<br />authorizes Beneficiary to intervene in Trustor's name in any of the above described actions or claims. Trustor assigns to
<br />Beneficiary the proceeds of any award or claim for damages connccted with a condemnation or other taking of all or any
<br />part of the Property. Such proceeds shall be considered payments and will be applied as provided in tllis Security
<br />Instrument. ll1is assignment of proceeds is subject to the tenns of any prior mortgage, deed of trust, security agrecmcnt or
<br />other lien document.
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<br />Insurance. Trustor shall keep Property insured against loss by tire, Hood, theft and othcr hazards and risks reasonably
<br />associated with the Property due to its type and location. Tllis insurance shall bc maintained in the amounts and for the
<br />periods that Beneficiary requires. What Bencficiary requires pursuant to the preceding two sentences can Change during the
<br />tenn of lhe Secured Debt. The insurance carricr providing the insurance shall be chosen hy Trustor subject to Bcneticiary' s
<br />approval, which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described ahove, Benctleiary
<br />may, at Beneficiary's option, obtain coverage to protect Bcneticiary's rights in the Property according to the terms of tllis
<br />Sccurity Instrument.
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<br />All insurance policies and renewals shall he acceptable to Beneficiary and shall include a standard "mortgage clause" and,
<br />where applicable, "loss payee clause." Trustor shall immediately notify Beneficiary of cancellation or tennination of the
<br />insurance. Bencficiary shall have thc right to hold the policies and renewals. If Beneticiary requires, Trustor shall
<br />immediately give to Beneticiary all receipts of paid premiums and renewal notices. Upon loss, Trustor shall give
<br />immediate notice to the insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately by
<br />Trustor.
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<br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the Property or to
<br />the Secured Debt, whether or not then dUe, at Beneficiary's option. Any application of proceeds to principal shall not
<br />extend or postpone the due date of the scheduled payment nor chmlge the amount of any payment. Any excess will be paid
<br />t.o the Trustor. If the Property is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting
<br />from damage to the Property before the acquisition shaH pass to Beneficiary to the extent of the Secured Debt immediately
<br />before the acquisition.
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<br />Fi~~cial ~eports an_d .Addltional Documents. Trustor will provide to Beneficiary upon request, any financial statement
<br />or uUormatlOn HenehClary may deem reasonably necessary. Trustor agrees to sign, delivcr, and file any additional
<br />documents ,or c~rtifieations that Benefic!.al}' may.consider necessary to perfect, continue, and preserve Trustor's obligations
<br />under tins Secuflty Instrument and BenefiCIary's hen status on the Property.
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<br />6. W ~y OF TITLE. Tru~tor w~rrallts that Trustor is or wiII be lawfully seized of the cstate conveyed by this
<br />Seeu~l~ Instrument and has the fight to me.voeahly grant, convey, and sell the Property to Trustee, in trust, with power of
<br />sale. I rustor also warrants that the Property 1S unencumbered, except for encumbrances of record.
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<br />(fl)1994 Wolters Kluwer Financial Services. Bankers SystemsI'M Form USBOCP-DT.NE 8/24/2006
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