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201108�07 19. INSURANCE. Trustor shall keep Properry insured against loss by fue, flood, theft and other haza.tds and : risks reasona.bly associaxed with the Property due to its rype and location. This insurance shall be ma.intained � the amounts a.nd �for the periods that Beneficiary requires. What Beneficiary requires pursuant to the preceding ,�two sentences can change during the term of the Secured Debt. The insurance carrier providing the 'insurance :,. sha11 be al�osen by Trustor subject to Beneficiary's approval, wiuch sha11 not be unr'easonably withheld. If Tntstor fails to mainta.in the coverage described above, Beneficiary ma.y, at Beneficiary's bption, obtain coverage to, protect Bene�'iciary's rights in the Property according to the' terms of this Security Instrument. All insurance policies and renewals shall be acceptab(e to Beneficiary and shall include a sta.ndard "moRgage clause" and, where applicable, "loss payee clause." Trustor sha11 immediately notify Beneficiary of cancellation or termination of the insurance. Beneficia.ry sha11 ha.ve the right to hold the policies a.ad renewals. If Beneficiary requires, Trustor shall immediately give to Beneficiary a11 receipts of paid premiums a.nd renewal notices. Upon loss, Trustor shall give immediate notice to the insurance carrier and Beneficia.ry. Beneficiary ma.y make proof of loss if not made immediaxely by Trustor. Unless otherwise agreed in writing, a11 insurance proceeds shall be applied to the restoration or repair of the Properly or to the Secured Debt, whether or not then due, at Beneficia.ry's option. Any application of proceeds to principa:� � sha11 not extend or postpone the due date of the scheduled payment nor . change the amount of any payment. Any excess will be paid to the Grantor. If the Property is acquired by Beneficia.ry, Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TAXES AND IN3URANCE. Unless otherwise provided in a separate agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCiJMENT5. Trustor will provide to Beneficiary upon request, any fina.ncial statement or information Beneficiary may deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional documents or ceRif'ications thax Beneficiary ma.y consider necessa.ry to perfect, conEinue, and presetve Grantor's� obligations under this Securiry Instrument and Bengficiary's lien stafus' on the ProPert3' • . 22. JOINT AND 1NDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND A55IGN5 BOUND. All duties under this Securiry Instrument are joint and individual. If Trustor signs this Security Instrument but does not sign an evidence of debt, Trustor does so only to moftgage Ttustor's interest in the Property to secure paymeut of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Security Instrument secures a gua.ranry between Beneficiary and Trustor, Trustor agrees to waive any rights tha.t may prevent Beneficiary from bringing any action or cla.im against Trustor or any parry indebted under the obligation. These rights may include, but are not limited to, any anti-deficiency or one-action laws. Trustor agrees that Beneficiary and any paRy to this Securiry Instrument ma.y extend, modify or make any change in the temis of this Security Instrument or aay evidence of debt without Trustor's consent. Such a change will not release Trustor from the terms of this Securiry Instrument. The duties and benefits of this Securiry Instrument shall bind aad 6enefit the successbrs and acsigns of Trustor and•�eaeficiary. - 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Securiry Instrument is govemed 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 Securiry Instrument is complete and fully integrated. This Security Instrument ma.y not be amended or modif'ied by oral agreement. Any section in this Security Instrument, auachments, or any agteement related to the Secured Debt that conflicts with applica.ble law will not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any section of this Securiry InsCrument cannot be e �.��` section will be � � � � �a,: . " .� ' severed and will not affect the enforceabiliry of the r in�e��ls ��st�me . Whenever used, � the singular shall include the plural and the plural the s' g�,$&�,�.��a�nc��i�g of tlie sections of 'this Securiry.. InstrumenC are for convenience only and are no to e usec�"to�i et�'t�°'o"�c1�ne the terms of this Securiry Instrument. Time is of the essence in this Securiry Instrument. 24. SUCCE5SOR TRUSTEE. Beneficiary at Beneficiary's option may from time to time remove Trustee and appoint a successor trustee without any other formaliry tha.n the designation in writing. The successor trustee, without conveyance of the Properry, sha11 succeed to all the title, power and duties conferred upon Trustee by this Security Instrument and applica.ble law. 25. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by first class ma.il to the appropriate parry's address on page 1 of this Security Instrument, or to any other address designaied in writing. Notice to one trustor will be deemed to be notice to a11 trustors. Trustor and Beneficiary hereby request a copy of any notice of default, and a copy of any notice of sale thereunder, be ma.ilect to ea.ch party at the address for such party set forth on page 1 of this Securiry Instrument. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the Properiy. Security Irmtrumerrt-Consumer-NE RE-DT-NE 7/1/2011 VMP� BankersSyatema7M VMP-C165(N� (1707).00 Wolters�Kluwer Financial Services OO 1994, 2011 ' �' � � PaBe 5 of 6