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<br /> above described actions or claims. Grantor assigns to Lender the proceeds af any award or claim for �
<br /> i darnages cannected wlth a condemnatlon or other taking of all or any part of the Property. Such •�
<br /> i proceeds shall be considered payments and will beapplied as provlded in th(s Security Instrument.This =
<br /> I assignment of proceeds is subJect to the terrns of any prior mortgage, deed of trust, security I �„�
<br /> � agreemem�r other Ilen document. �
<br /> 19. INSURANCE. Grantor shall keep Property Insured agalnst loss by fire flood, theft and other hazards �.
<br /> and rlsks reasonably associated with the Property due to its type and jocatfon. Thfs insurance shall be • -
<br /> ma(ntained in the amounts and for the periods that Lender requlres. The Insurance carrier providing - �„ .�.��'-
<br /> the insurance shall be chosen by Grantor subJect ro Lender's approval,which shall not be unreasonably - ����
<br /> withheld. If Grantor fails to maintain the coverage described above, Lender may, at Lender's uption, ��'-'W-.�
<br /> obtaln coverage to protect Lender's rights in the Property according to the terms of this Security ,;;;�-:�>-__.___
<br /> Instrument. `.,,,i��
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard I � ���.
<br /> "mnrtgage clause" and, where applicable,"loss payee clause." Grantor shall immediately notify Lender
<br /> of cancellation or termfnation of the insurance. Lehder shall have the right to hold the policies and �
<br /> renewals.If Lender requires,Grantor shall Immedlately give to Lender all receipts of pafd premlums and ---
<br /> renewal notices. Upon loss, Grantor shall give immedlate notice to the Insurance carrier and Lender. _
<br /> Lender may rnake proof of loss if not made immediately by Grantor. -
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<br /> Unless othen�vise agreed in writing, all insurance proceeds shall be applled to the restoration ar repalr -�
<br /> of the Properry or to the Secured Debt, whether or not then due, at Lender's option.Any applicatfon of
<br /> +,. proceeds to prirncipal shall not extend or postpone the due date of the scheduled payment nor change �-
<br /> the amount of any payment. Any excess wilf be pald to the Grantor. If the Property Is acquired by '��- -
<br /> Lender, Grantor's right to any insurance policles an�!proceeds resulting from damage to the Property ' �""-�
<br /> before the acquisition shall pass to Lender to the extent of the Setured Debt immediately before the
<br /> � acquisition.
<br /> � 20. ESCROW FOR TAXES AND INSURANCE.Unless otherwise provided in a separate agreement, Grantor �— - �
<br /> will not be required to pay to Lender funds for taxes and insurance in escrow. �, ,
<br /> � 21. FINANCIAL REPORTS AND ADDITIDNAL DOCUMENTS.Grantor will provide to Lender upon request, �
<br /> any flnancial scatement or Inforrnation Lender may deern reasonabiy necessary. Grantor agrees to sign, ;�;
<br /> deliver, and flle any addit(onal documents or certiflcatlons that Lender may consider necessary ta :..:.
<br /> perfect, continue, and preserve Grantor's obligatlons under this Security Instrument and Lender's Ifen �•:;�:�:;, �
<br /> status on the Property. �';'�'�
<br /> 22. JOINT AND INDIVIDUAL LIABILITY; CO•SIGNEAS; SUCCESSORS AND ASSIGNS BOUND. All duties �;�`�=
<br /> under this Securlty Instrument are�ofnt and Indiv(dual. If Grantor signs this Security Instrument but �;� ' '
<br /> does not sign an evidence of debt, rantor does so only to morCgage Grantor's fnterest In the Property _.,��,.�;__.
<br /> to secure payment of the Secured Debt and Grantor does not agree to be personally liable on the ;�,�; ___
<br /> Secured Debt. If this Sewrlty Instrument secures a guaranty between Lender and Grantor, Grantor ,,,�� ,. ��.
<br /> . agrees to waive any rights that may prever�t Lender from bringlng any action or claim against Grantor ��;t�� �-
<br /> or any party indebted under the obligation. These rights may include, but are not Iimited to, any �� �..
<br /> anti•deficiency or one-action laws. Grantor agrees that l.ender and any party to this Security Instrument ��
<br /> may extend, modify or make any change in the terms of this Security Instrument or any evidence of -' ��
<br /> debt without Grantor's consent.Such a change will not release Grantor from the terms of this Security ., ��
<br /> Instrument. The duties and benefits of this Secudty Instrument shall bind and beneflt the successors .� k:
<br /> and assigns of Grantor and Lender. `�'=
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<br /> 23. APPI.ICABLE LAW; SEVERABILITY; INTERPRETATI�N.This Security Instrument (s governed by the laws �';'�:
<br /> of the Jurisdiction in which Lender is located,except to the extent otherwise required by the laws of the �'r:;:�.:,
<br /> � �urisdiction where the Property is located. This Seeurity Instrument is complete and fully Integrated. � ��•
<br /> his Security Instrument rnay not be amended or modified by oral agreement. Any section In this �
<br /> � Security Instrurnent, attachments, or any agreement related to the Secured Debt that conflicts with ti., ;,
<br /> ! appIicable law will not be effective, unless that law expressly or impliedly permits the variations by ,
<br /> written agreement. if any section of this Seeurity Instrument cannot be enforced according to its terms, „
<br /> � that section will be severed and wfll not affect the enforceability of the remainder of this Security
<br /> Instrument. Whenever used, the sfngular shall inelude the plural and the plural the singular. The ��
<br /> ' captfons and headings of the sections of this Security Instrument are for convenience only and are not
<br /> �. , to be used to interpret or deflne the terms of this Security Instrument. Time is of the essence in this
<br /> . Security Instrurnent.
<br /> � 24.SUCCESSOR TRUSTEE.Lender, at Lender's option, rnay from time to time remove Trustee and appoint I
<br /> a successor trustee without any other formality than the designation in writing. The successor trustee,
<br />- � without conveyance of the Property, shall succeed to all the title, power and dutfes conferred upon
<br /> Trustee by this Seeurity Instrument and applicable law.
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