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<br /> . . ° � L. Norarithstanding anY oFthe langtiage coatained in this Dced of Trnst m the cont:ary,the temac of[his section shall � �.
<br /> ' � survive atry forec2os�re or satisfaaion of this Deed of Tn�st regard2ess af any passaSe of ride to Benefcciary or any .`� a .
<br /> .. , j disposition by Beneficiary of any or all of the Praperty.Any claims and defenses to the contraty are hereby waived. • �' ` , ; .
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<br /> �---- - ,-=-�--� i8.C�('i�i'ifE�in►"'+iE1TLa'3N.T.-ustar s�itt �B�fuiacy PzomF��ice Qf a*sy �ioa. re?1 or threatened.by private ar public _— _ -
<br /> Y�� entities w purchase or take any or all of the Property,including any easements,throu�h condemnation, eminenc domain. �
<br /> � � . , a� �r as►y other means.Tnrswr fncther ap�ees to notify B�efrciary of any pmceedings lnstituted for the es[ablishment of any �;
<br /> �� � • sewer.waier. conservation,ditch, dtainage, or other d�stricc relatmg to or nm�ng�on me Fmprny vr ar�y paci�f it.
<br /> Tnutor authorizes Beneficiary to intervene in Ts�swr�s name m anY of the above described astions or claims and w collacx
<br /> - and receave ail snms res�lcing fmm the.�uao=�laim.'Tnlstor assigns ta Beneficiary the proceeds Qf any award or ctaim _
<br /> � for damages connected with�conde�naSbii ASr'other takigg of a11 or any part of the Property. Such proceeds shall be • "
<br /> � r,onsideted paymeuts anfi w11P be'app�ie�as•ptovr3ded ia*ffl�Daed of Tnist.This assignmeat of proceeds is subject w the . ,
<br /> - terms of aay prior sacnrity ageenaent• ; . , �t: t`:, :
<br /> ` . 21.INSUItANCE.Tn�swr agrees w maintam insuzaace as Yoltows: -_ :°.:�: �r�•':
<br /> -�� A. Tnutor shall kcep the P[operty ias�red against loss by fue.theft aud other ba7ards and risks masonably assucIated -:�p i,``�.
<br /> ' " •` with the PmpertY due to iu tppe and Iocation.Other ha7ards aad n�sks may include.for example.coverage against - f°.`_,�;;.�_-- ,
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<br /> �. :. t loss due w floods or flooding. Tbis insurance shall be maintained in the amounts and for We periods that �. � : .
<br /> :;� Beneficiary requires. The insurance cartier pmviding the insurance shall be chosen by Tnuu�r subject to r .� -
<br /> . . Benefciary's appmval, which shall not be unreasonably arithheld. If Tn�stor fails to maintaia the coverage �• �_ __
<br /> ' descn'bed above, Beneficiary may, at Eene�ciuY'g QPrion. o b t a i n cov e r a g e t o p m t e c i B e n e fi c i a ry's ri g hts in the _
<br /> ', �P�Y�OT�g to the term5 of this Deed of Trast. � �_ �._---
<br /> ' All insurance Policies and renewals shaU he accegtable to Beneficiazy and shall include a standard "IL10I[gd'gC • -_�,•r �'«-
<br /> ' � ctause" and, where applicable, "beaeficiary loss payee clause.° TTUSror shaU immediately notify Beneficiary of �. _�-_�-
<br /> � cancellation or termination of the insutance. Beneficiary shall have the right to hold the policies and reaewals• If h �•-�
<br /> . • � • Beneficiacy requires, Tnistor sl�all i,,,me.hArPIY g�ve to Beaefciary all receipts of paid premiums amd renewal r __,� -_--
<br /> . . , � � notioes. Upon loss,Tmstor shall give�mediatP noiccc to the ins�rance carrier and Beneficiary. Beneficiary may 'r:�,.-:�� __.—.
<br /> . � make proof of toss if not made imu�ediazely by Tn�swr. . � _-
<br />".� � _ Unless Beneficiary and Trnstor othera+ise agree in writing, insurancs prncceds shall be applied to restoration or ` ,�._
<br /> �' . repair of the PcoPerty damaged if the restosation or repair is econonucaUy feasible and Beaeficlary's security is aot �
<br />' � ' :�` lessened, If the restoration or repa�r is not�conomically feasible or Beaeficiary's security would be lesseaed, the �_
<br />- { insurance proceeds sha11 be applied to the Secured De6t.wi�ether or not then due.with any excess paid to Tmstor. �: , _____
<br /> If Trustor abandons the Property,or does not answer within 30 days a norice from BeaeSciary that the insur�nce �" � __ ---
<br /> '��.. f. canier has offered to settle a claim.then Beneficiary may collect the ins�rance groceeds.Beneftciary may use the � - - �--
<br /> • proceeds w repair or rescore tf►e Froperty or to pay the Serured Debt whether or not then due.The 30-day period ,� .'. __
<br /> . - will begin when the nouce is given. �. � �,--��;
<br /> �.�rs:
<br /> . �.'� . . .
<br /> • Unless Beneficiary aud Trustor otherwise agree in writing.anY aPPlication of pmcee�s to principal shall not eatend ��'{,� -
<br /> or postpone the due date of schedoled paymeIIts or change the amonnt of t�e payments.If the Property ls acquired -,-„_-
<br /> � • - �- by Benef ciar5+,Trustor's right to any insurance policies and proceeds msutting from darnage to the persperty before � -�• '.,_'�a::_
<br /> the acquisition shall pass to Beaeficiary to the e�ent of the Secured Debt iunnediately before the acqtrisition. ;, ;;;.� ,.
<br /> . • B. Tmstor agrees to maintain comprehen,sive general liability in�„*ance naming Beneficiary as an additional insured in . .;�:.-_-:
<br /> . . • an amount acceptable to Beaeficiary.insuring against claims arising from any accident or occurrence in or oa the � .���•.T:_
<br /> . . . • C. T�rustor agraes to maintain reatal loss or business interruption insurance, as required by Beneficiary, in an amouat . ,.,.+.`�-_
<br /> � equal to at least coverage of one year's debt service, and required escrow account depos�ts(if agreed to separately .
<br /> , � ; , in writing),uader a form of policy acceptabte to Beneficiary. • - - .
<br /> � ?,2.NO ESCROW FOR TAXES AND INSURANCE. Unless othervdse provided in a separate agreement.7'rustor will not f . .,� :^�`'
<br /> � be required to pay to Beneficiary funds for ta�ces and insurance in escrow. : 3'.. �:
<br /> � 23.FIIVANCIAL REPORTS AND ADDITIONAL DOCIJMENT5. Tn�stor will provide to Beaefictary upon request, any �
<br /> � financial statement or information Beneficiary may deem necessary. Trostor warrants that all financial statementa and �
<br /> � • inforn�ation Trustos provides to Beneficiary are, or wUl be, accurate, conect, and complete. Trustor agrees to sign, _
<br /> � deliver, and file as Beneficiary may reasonably request any additional docaments or certifcations that Beneficiary may •. . .
<br /> � ' consider necessary to perfea,continue,and preserve Tnistor's obligations under Wis Deed of Tn�st and Ben�ficiary's lien . _, •
<br /> , , status on the Property. If Tnutor fails to do so.Beneficiary may sign. deliver. and file such documents or certificates in � . �
<br /> • ' Trustor's name and Trustor hereby irrevacably appoints Beneficiary or Beneficiary's agent as attomey in fact to do the
<br /> . things necessary ro comply with this section. � ..
<br /> ''' � SiJCCESSORS AND AS5IGN5 BOIJND.All duties under ,' °
<br /> . 1A.JOINT AND INDIVIDUAL LYABILI'1'Y:COSIGNERS: - . . .
<br /> . Wis Deed of Trust aze joint and individual. If Trustor signs this Deed of Tmst but does not sign the Evidencc of Debt, .
<br /> Trustor does so only to mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor , ,. . .
<br /> does not agree to be personally liable on the Secured Debt.Trustor agrees that Beneficiary and any party to this Deed of
<br /> � � Trust may extend, modify or make any change in the tem�s of this Dced of Trust or the Evidence of Debt without .
<br /> � Trustor's consent. Such a change will not release Trustor from the terms of ihis Dced of Trust.The duties and benefits of
<br /> � � this Deed of Trust shall bind and benefit the successors and assigns of Trustor and Beneficiary. •
<br /> • , ' j If this Deed of Trust secures a guaranty between Beneficiary and Trustor and does not directly secure the obligation whirh � �
<br /> ° is guarantied.Trustor agrees to waive any rights that may prevent Beneficiary from bringing any action or claim against . .
<br /> •• Trustor or any party indebted under the obligation inrluding,but not lim3ted to,anti-deficiency or one-action laws. .
<br /> Z5.APPLICABLE LAW; SEVERABILI7'Y: INTERPRETA7'[ON. This Dced of Trust is govemed by the laws of the •
<br /> • jurisdiction in which Beneficiary is located,except to the extent othenvise required by the la�vs of the jurisdiction where
<br /> the Property is lacated. This Deed of Trust is complete and fully integrated. 77�is Deed of Trust may not be amended or . ,
<br /> ' • , modified by oral agrcemc�nt. Any section or clause in this D�rd of Trust. attachmenu, or any agreement related to the i •
<br /> — . � Sc�cured Debt that conilicts with applicable law wiil nut br e[l��:tive, unless that law cxpressfy or impliexlly permits the ;
<br /> � variations by written agreement. If any section or dause of this Ueed af Trust cannot be enforced according to its terms. ;� ,
<br /> that section or clause �vi11 be severed and will not affeet the enforceability of the remainder of this Deed of Trust.
<br /> . .5 ' Whc�never used,the singular shall include the plural and the plural the smgular. 'The captions and headings of the sections ;
<br /> . ��f this Derd of Trust are for convenience only and are not to be used to interpret or define the terms of this Deed,qf�'tust.
<br /> � Time is of the essence in this Deed of Trust. a�vo s o►6
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