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20110892C 19. INSURANCE. Trustor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasona.bly associated with the Property due to its rype and locaxion. This insurance shall be ma.inta.ined in the amounts and for the periods that Beneficiary requires. What Beneficiary requires pursuant to the preceding two senCences can change during the term of the Secured Debt. The insurance carrier providing the insurance §halt be chosen by Trustor subject to Beneficiary's approval, which shall not be unreasonably withheld. If Trustor fails to ma.intain the coverage described above, Beneficia.ry ma.y, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Securiry Instrument. All insurance policies and renewals shall be acceptable to Beneficiary and shall include a sta.ndard "moRgage clause" and, where applica.ble, "loss payee clause." Trustor sha11 immediately notify Beaeficiary of cancellation or tetmination of the insurance. Beneficiary shall have the right to hold the policies and renewals. If Beneficiary requires, Trustor shall immediaxely give to Beneficiary a11 receipts of paid premiums and renewal notices. Upon loss, Trustor sha11 give immediate notice to the insurance carrier and Beneficiary. Beneficiary may ma.ke proof of loss if not ma.de immediately by Trustor. Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoraxion or repair of the Property or to the' Secured Debt, whether or not then due, ax Beneficiary's option. Any application of proceeds to principal shall 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 Beneficiary, 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. E5CROW FOR TAXE5 AND IN5URANCE. 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 DOCUMENTS. Trustor will provide to Beneficiary upon request, any fina.ncial statement or infotmation Beneficiary ma.y deem reasona.bly necessary. Trustor agrees to sign, deliver, and file any additional documents or certifica.tions that Beneficiary may consider necessary to perfect, continue, and preserve Grantor's obligations under this Securiry Instrument and Beneficiary's lien status on the Property. 22. JOINT AND INDiVIDUAL LIABILITY; CO-SIGNER5; SUCCESSORS AND ASSIGNS BOUND. All duties under this Securiry Instruanent are joint and individual. If Trustor signs this Securiry Instnunent but does not sign an evidence of debt, Trustor does so only to mortgage Trustor's interest in the Properiy to secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If this Securiry Instrument secures a gua.ranty between Beneficiary and Trustor, Trustor agrees to waive any rights thax may prevent Beneficiary from bringing aay action or claim against Trustor or any parly indebted under the obligaxion. These rights ma.y include, but are not limited to, any anti-deficiency or one-actioa laws. Trustor agrees that Beaeficiary and any pa.rty to this Securiry Instrument may extend, modify or make any cha.nge in the terms o� this Security Instruamet� or any evidence: of debt without�� Tn�stor`s aotisent: 8uch a change will not release Trustor from the terms of this Security Instrument. The duties and benefits of this Securiry Instrument sha11 bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABILITY; INTERPRETATION. This Securiry Instrument is govemed by the laws of the jurisdiction in which Beneficiary is located, except to the e�ctent otherwise required by the laws of the jurisdiction where the Properiy is located. This Security Instrument is complete and fully integrated. This Securiry Instrument ma.y not be amended or modif'ied by oral agreement. Any section in this Securiry Instrument, atta.chxnents, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless thax la,w expressly or impliedly petmits the variations by written agreement. If any section of this ' Securiry Instrument cannot be enforced according to its terms, tha.t section will be severed and will not affect the enforcea.biliry of the remainder of this Securiry Instncment. Whenever used, �.n_._. __ th� s,bpgulax stiall Enclu�� glural �nd the plural the singular. The captions and headings of the sections of th Secutrt�y��I�Struuyent are fo� conv�nience only and are not to be used to interpret or define the terms of this Se�urit��,'Tnsttv��.a�"iY�.e is�of the:;es,sence in this Securiry Instrument. 24. SiJCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, ma.y from time to time remove Trustee and appoint a successor trustee without any other formaliry than the designation in writing. The successor trustee, without conveyance of the Property, shall succeed to a11 the title, power and duties conferred upon Trustee by this Security Instrnment and applica.ble law. 25. NOTICE. Unless otherwise required by law, any notice sha11 be given by delivering it or by mailing it by first class mail to the appropriate parly's address on page 1 of this Securiry Instrument, or to any other address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. Trustor and Beneficiary hereby request a copy of any notice of default, and a copy of any aotice of sale thereunder, be mailed to ea.ch party at the address for such party set forth on page 1 of this Securiry Instru.meat. 26. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead exemption rights relating to the PropeRy. Security InstrumerR-Cor�amer-NE ' RE-DT-NE 7I1/2011 VMP�BankersSystemeT� VMP-C1651NE) �1107).00 Woltere Kluwer Financial Services OO 1994, 2011 ` Page 5 of 6