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K. covers all improvements for their full insurable value as detennined whan the policy h-, <br />issued and renewed, unless; Beneficiary approves a smaller amount in writing-, <br />b. contains an 80% coinsurance clause; <br />c, provides fire and extended coverage, including windstorm coverage.; <br />d. protects Beneficiary with a standard mortgage clause; <br />e. provides flood insurance at any time the property is in a flood hazard area; and <br />f contains such other coverage as Beneficiary may reasonably require. <br />5. Comply at all times with the requirements of the 80% coinsurance clause. <br />6. Deliver the insurance policy to Beneficiary and deliver renewals to Beneficiary at least ten days <br />before expiration. <br />If this is not a first lien, pay all prior lien notes that Grantor is personally liable to pay and abide by <br />all prior lien instruments. <br />hotficia 's Rj hts. <br />1. Beneficiary may appoint in writing a substitute or successor trustee, succeeding to all rights and <br />responsibilities of Trustee. <br />1 If the proceeds of the Note are used to pay any debt secured by prior liens, Beneficiary is <br />subrogated to all of the rights and liens of the holders of any debt so paid. <br />3. Beneficiary may apply any proceeds received under the insurance policy either to reduce the <br />Note or to repair or replace damaged or destroyed improvements covered by the policy. <br />4If Grantor fails to perform any of Grantor's obligations, Beneficiary may perform those <br />4iVVZ#W,d,t2OW&fft&A!,W-eiI W)6Qnz%Y.&AiJernand at the place where the Note is 91U, able for any sums so <br />paid, 'including attorney's fees, plus interest on those sums from the date of payment at the rate stated in the <br />Note for matured, unpaid amounts. The sum to be reimbursed shall be secured by this Deed of Trust <br />5. If Grantor defaults on the Note or fails to perform any of Grantor's obligations, or if default <br />occurs on a prior lien note or other instrument and the default continues after Beneficiary gives Grantor <br />notice of the default and the time within which it must be cured as may be required by law or by written <br />agreement, then Beneficiary may: <br />Deed of Trust <br />Page 3 <br />