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20110�927 19. INSURANCE. Trustor shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably a.ssociated with the Property due to its type and location. This iasnrance shall be maintained in the amounts and for the periods that Beneficiary requires. What Beaeficiary requires pursuant to the preceding two sentences can cha.nge during the term of the Secured Debt. The insurance carrier providing the insurance sha11 be chosen by Trustor subject to Beneficiary's approval, wtuch shall not be unreasona.bly withheld. If Trustor fails to maintain the coverage described above, Beneficiary ma.y, ax Beneficiary's option, obtain coverage to protect Beaeficiary's rights in the Property according to the terms of this Securiry Instrument. All insurance policies a,nd renewals sha11 be acceptable to Beneficiary and sha11 include a standard "mortgage clause" and, where applicable, "loss payee clause." Trustor sha.11 immediately notify Beneficiary of ca.ncellation or termination of the insurance. Beneflciary shall ha.ve the right to hold the policies and renewals. If Beneficia.ry requires, Trustor sha.(I immediately give to Beneficiary a11 receipts of paid premiums and renewal notices. Upon loss, Trustor sha11 give immediate notice to the insurance carrier and Beneficia.ry. Beneficiary may ma.ke proof of loss if not made immediately by Trustor. Unless otherwise agreed in writing, a11 insurance prooeeds sha11 be applied to the restoration or repair o.f the Property or to the Secured Debt, whether or not then due, at 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 Properly is acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage to the Property before the acquisition sha11 pass to Beneficiary to the extent of the Secured Debt immediately before the acquisition. 20. ESCROW FOR TARES AND INS[JRANCE. Unless otherwise provided in a separaxe agreement, Trustor will not be required to pay to Beneficiary funds for taxes and insurance in escrow. 21. FINANCIAL REPORTS AND ADDITIONAL DOCiTMENT5. Trustor will provide to Beneficiary upon request any fina.ncial statement or infoctnation Beneficiary ma.y deem reasonably necessary. Trustor agrees to sign, deliver, and file any additional documents or certif'ications that Beneficiary may consider necessary to perfect, continue, a.nd preserve Gra.ntor's obligations under this Security Instrument and Beneficiary's lien status on the Property. 22. JOINT AND INDIVIDUAL LIABILITY; CO-5IGNERS; SUCCESSORS AND ASSIGNS 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 mortgage Trustor's interest in the Property to secure payment of the Secured Debt and Trustor does not agree to be personally lia.ble on the Secured Debt. If this Securiry Instrument secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any rights tha.t ma.y prevent Beneficiary from bringing any action or claim against Trustor or any parry indebted under the obligation. These rights ma.y include, but are not limited to, any anti-deficiency or one-action laws. Trustor agrees that Beneficiary and any party to this :Securiry Instrument ma.y extend, modify or ma.ke any change in the terms of this Securily Insttument or any evideace 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 sha11 bind and benefit the successors and assigns of Trustor and Beneficiary. 23. APPLICABLE LAW; SEVERABII.ITY; 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 Security Instn�ment is complete and fully integrated. This Security Instrument may not be amended or modif'ied by oral agreement. Any section in this Securiry Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will not be effective, unless that law expressly or impliedly permits the variaiions by written agreement. a.�,,,��i�o��._thi�s.. S��urit� _Instrument cannot be enforced according to its terms, that section will be �srefi t�iil'i'�-�iat'af�ect��he enforcea.bility of the remainder of this Securiry Instrument. Whenever used, the s��'t�af`� sh��' lude tlie .plural and the plural the singular. The ca.ptions and headings of the sections of ' R S�e.��uiaL�;.�ust `�tu��•�arg for convenience only and are not to be used to interpret or define the terms of this Securiry Instrument. Time is of the essence in this Securiry Instrument. 24. Si7CCESSOR 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 designaxion in writing. The successor trustee, without conveyance of the Property, sha11 succeed to all the title, power and duties confened upon Trustee by this Securiry Instrument and applicable 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 party's address on page 1 of this Security Instrument, or to any other address designaied in writing. 1Votice to one trustor wili be deemed to be notice to ail trustors: Trastor and Beneficia.ry hereby request a copy of aay notice of default, and a copy of any notice of sale thereunder, be ma.iled to each party at the address for such party set forth on page 1 of this Securiry Instrument. 26. WAIVERS. Except to the e�ctent prohibited by la.w, Trustor waives a11 appraisement and homestead exemption rights rela.ting to the Property. Security Inatrumerrt-Consumer-NE RE-DT-NE 7/1/2011 VMP� Bankers SystemaTb� VMP-C186(N� (11071.00 Woltere Kluwer Financfal Services OO 1994, 2011 Page 6 of 6