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<br />201i08533
<br />19. INSURANCE: Trustor shall keep Property insured against loss by fire, flood, theft and other hazards and '
<br />risks reasonably associated with the Property due to its type and location. This insurance shall be maintained
<br />! in the amounts and for the' periods that Beneficiary requires. What Beneficiary requires pursuant to the
<br />preceding two sentences can change during the term of the Secured Debt. The insurance carrier providing
<br />the insurance shatl be chosen by Trustor subject to Beneficiary's approval, which shall not be unreasonably
<br />withheld. If Trustor fails to maintain the coverage described above, Beneficiary may, at Beneficiary`s option,
<br />: obtain coverage to protect Beneficiary's rights in the Property according to `the terms of this Security
<br />Instrument. :
<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage
<br />clause" and, where applicable, "loss payee clause. ° Trustor sfiall immecliately notify Beneficiary of
<br />cancellation or termination of the insurance. Beneficiary shall have the right to hold the policies and
<br />renewals. If Beneficiary requires, Trustor shall immediately give to Beneficiary all receipts of paid premiums
<br />and renewal notices. Upon loss, Trustor shall give immediate notice to the insurance carrier and Beneficiary.
<br />Beneficiary may make proof of loss if not made immediately by Trustor.
<br />' Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or repair of the
<br />Property or to the Secured Debt, whether or not then due, at Beneficiary's option Any application of
<br />proceeds to principal shall not extend or postpone the due dafie of the scheduled payment nor change the
<br />amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficiary,
<br />Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the
<br />acquisition shall pass to $eneficiary to the extent of the Secured Debt immediately before the acquisition.
<br />20. ESCROW FOR TAXES AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor
<br />will not be required to pay to Beneficiary funds for taxes and insurance in escrow.
<br />21. FINANCIAL REPORTS AND ADDITIONAL DOCUMENTS. Trustor will provide to Beneficiary upon '
<br />request, any financial statement ar information Beneficiary may deem reasonably necessary. Trustor agrees to
<br />sign, deliver, and file any additional ;documents or cefti�cations xhat Beneficiary, may consider necessary to
<br />perfect,, continue, and; preserve Grantor's obligations under this Security Instrument and Beneficiary's lien
<br />status on the Property. '
<br />22. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All
<br />duties under this Security Instrument are joint and individuaL If Trustor signs this Security Instrument but
<br />does not sign an evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to
<br />secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt, If
<br />this Security Instrument secures a guaranty between Beneficiary and Trustor Trustor agrees to waive any
<br />rights that may prevent $eneficiary from bringing any action or claim against.Trustor or any party indebted
<br />under the obligation. These rights may include, but are not limited to, any anti-deficiency or one-action laws.
<br />Trustor agrees that Beneficiary and any party to this Security Instrument may extend, modify or make any
<br />change in the terms of this ` Security Instrument or any evidence of deht without Trustor's consent. Such a
<br />change will not release Trustor from the terms of this Securiry Instrument. The duties and benefits of this
<br />Security Instrument shall bind and benefit the successors and assigns of Trustor and Beneficiary.
<br />23. APPLICABLE LAW; SEVERABTLITY; INTERPRETATION. This Security Instrument is governed by
<br />the laws of the jurisdiction in which Beneficiary is located, except to the extent otherwise required by the
<br />laws of the' jurisdiction where the Property is located. This Security Instrument is complete and fully
<br />integrated. This Security Instrument may not be amended or modified by oral agreement. Any section in this '
<br />Security Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable
<br />' law will not be effective, unless that 1aw expressly or impliedly permits the variations by written agreement.
<br />If any `section: of this Secuiity Instrument cannot be enforced according` to its teims; that section will be
<br />severed' and will not affect the enforceability of `the remainder of this Security Tnstrument. Whenever used, ``
<br />the singular shall include the plural and the plural the singular. The captions and headings of the sections of
<br />this Security Instrument are for convenience only and are not to be used to interpret or define the terms of this '
<br />Securiry Instruiment. Time is of the essence in this Security Instrument. :
<br />24. SUCCESSOR TRUSTEE, Beneficiary, atBeneficiary's option, may from time to time remove Trustee and
<br />appoint 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 duties conferred upon Trustee by
<br />this Security Instrument and applicable law.
<br />25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by
<br />first class mail to the appropriate party's address on page 1 of this Security Instrument, or to any other -
<br />address,designaF�d in writing. Notice ta.one.trustor will be deemed to be notice to all trustors: Tru�tor and
<br />Beneficiary hereby request a copy of any notice of default, and a copy of any notice of sale thereunder, be
<br />mailed to each party at the address for such party set forth on page 1 of this Security Inst,rument.
<br />26. WAIVERS. Except to the extent prohibited by law, Trustor waives all apprai'�ement and homestead
<br />, exemption rig'�ts relating to the Property. �
<br />Securitylnstrument-Consumer-NE RE-DT-NE 7/1/2011
<br />VMP� Bankers SystemsiM VMP-C1651NE1 111071.00
<br />. � � . � Woiters Kluwer�Financial Services OO 1994, 2011 � � . . � Page 5 of:6 � . . . �� .
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