|
'� • ���,,.� . ' . -_:
<br /> •ti... ` ,�€,_�_..-
<br /> , ,
<br /> , .. . �. :.��:�:---•-
<br /> . ..� . . . ,t.�
<br /> . . ._ _._ _.
<br /> ._. ____ ..__..___._..:�. _.
<br /> . a�:�Y_1 , , - - -�,R�„�:r..,..,;..•• .- � .. .�____
<br /> �_�_.. _....
<br /> -
<br /> ,rriau��tl�4��s�,1.�.� . • . .Y.�
<br /> . _ ._.__.-
<br /> �. tv., . . . • ..
<br /> ...- . - -
<br /> -- . .,.. ��
<br /> ,.;�...
<br /> i(.`.�an•[�'��
<br /> � ~ �
<br /> ,� �r
<br /> ,. � ARTICI.E lI . 87�-+���I� _
<br /> � �;,-
<br /> r�,� NON-UNIFORM COVENANTS. Borrowcr nnd Lcndcr further covenant:md ngree us follows: _.
<br /> �•.._
<br /> �. _
<br /> �;W�:}�� � l6. Accelenttio�; Remedl�. Upon Sorrower'�s breach ot any covenant or agreement of Aorrower in thls Decd -
<br /> ot Trust, Including witlaaut limitatlon the covenants to pay when due any sums under the Note secured by this
<br /> � Deed ot Trust. I.ender, at Lender's opdun,subject to the[ollowing sentence.may dcxlare all of the sums secured _
<br /> , by this Deed of Trust to be immedlsttely due and payable wtthaut demAnd or noticc and may Invoke the power
<br />' +� of sale,and any other remedies petm[tted by applicable law. Prior to recording any notice ot default Lender shall
<br /> .� give Borrower notice of detsult as required by law and, in the event of a default consisting only ot Borrower's '
<br /> Y , tailure to make a requ[red puyment,Borrower shall oncc,As provided by law,ha��e twenty (20)days atter such
<br /> * notice is glven to cure such defaWt by tendering the amount due at the time of the tender, without accelernhon,
<br /> plus any unpaid charges. Ai'ter recording a notice of default,Lender shail be entftled t�collect ta such proceeding
<br /> all expenses of[oreclasure� includIng, but nat Itmited to,reasoins�ble attorneys' [ees or trugtee's an�costs ot
<br /> • dacumentary evid�nce, abstrscts nnd title reports. _
<br /> lf the power of sale is invoked,Trustec shall record a notice of defanit in each county in which any part of the Property
<br /> is located and shall mail coples of such notice in the manner prescribed by applicable law to Bonower and ta the other
<br /> persons prescribed by applicable law. After the time required by applicable law,Trustee shall give public notice of sale
<br /> y to the persons and in the manner prescribed by applicable law. Tn�stee. without demand on Borrower, shall sell the
<br /> Property at public auction io the highest bidder at the cime and place and under che terms designated in the notice of sale
<br /> . ia one or more pazcels and in any order Trustee deternunes. Trustee may postpone sale of all or any parcel of the
<br /> ' Property by public anuouncement at the time and place of any previously scheduled sale. L.ender of its designee may
<br /> � �:t'� purohase the Property aL any sale.
<br /> ��-,• Trustee shall apply the sale proceeds, first,to the costs and expenses of exercising the power of sale and of the sale,
<br /> :i�.:;a� including the payment of the Trustee's fees actually incurred not to eaceed fifteen percent(15%)of the gross sale price,
<br />_�:;,;u 4 - second, io payiaerd �f t�c �blisstion secur?! by thi� l�eed of Trust, third, to the payment of junior crust deeds,
<br />-'���.�a p�
<br /> mortgages or other lienholders,and the balancc, if any,to the person or persons legally entitled thereto.
<br /> ?"FF:::v
<br /> ��,it.''� 17. Assignment of Rents; Appointment af Recetver. As additional security hereunder, Barrower hereby assigns to
<br /> �"""�� l.endcr the rents of the Property, providod that Borrower shall,prior to acceleration under puragraph 16 hereof or
<br /> ''���'-`�` � abandonment of the Property,have the ri�ht to collect and retnin sucl�rents as they become due and payable.
<br /> -_'s�t
<br /> ����n��
<br /> —�=°F� Upon acceleration under paragraph 16 hereof or abandonment uf the Propeny,Lender shall be entitled to have a receiver
<br /> _�^��� appoiated by a couYc ro enter upon,take possession of and mauagc the Property:+nd to collect thc rents of the Property
<br /> .,-�,�
<br />—;.;-.�k�-�r including those past due.All rents collected by the recelver shall be applied first to payment of the wsts o magagemen
<br />=�:-�;�.a�.,��i of the Property and colieaion of rents,including,but not limited to receiver's fees,premiums on receiver's bonds and
<br /> reasonable attomeys'fees,and then to the sums secumd by this Deed of Trust. The receiver shall be liable to account
<br /> ' only for those rcnts actually received.
<br /> ---- -- 18. LoAn Charges. If�he loan secured by this Deed of Trust is subject to a law which sets ma�cimum loan charges,
<br />�;;;;'-� and that law is finally lntetpreted so that the interest or ather loan chazges collected or to be collected in cormection with
<br /> a':s;:':� the loan excad permitted limits,then: (1)any such loan charges ahall be reduced by the amount neassary to reduce
<br /> __ �—-�� the charge to the permitted limit;and(2) any sums already collec�ed from Borrower which exceeded permitted limits
<br /> ..=�,4,�s will be refunded to Bormwer.
<br /> ;,��;�� 19. LegLslation. If,a�'ter tl�e date hereof,enactment or expiration of applicable laws have the effect either of rendering
<br />—�•��-�� the provisions of the Note, the Deed of Trust or any Rider,unenforceable according to their t�erms. or all or any parc
<br /> � a"�'w�� of the aums secured henby uncollectible.as othervvise provided in this Deed of Trust or the Note, or of diminishing
<br /> -u-cna•�G:.i"�:�.�
<br /> — the value of Lender's securiry, then Lender,at I.ender's option.may declare all sums secured by the Deed o rust to
<br /> ���"1� be immediately due and payable.
<br /> :a,-.t;�,�Y'i�:. '
<br /> -_ • 20. Release. Upon payment of all sums secured by this Deed of Trust,this Deed of Trust shall become mdl and void
<br /> and Lender or Trustee shall release this Deed of Trust without charge to Borrower. If Tr�stee is requested to release
<br /> ' c this Deed of Trust,all instruments evidencing satisfaction of the indebtedness secured by tl�is Deed of Trust shall be
<br /> surrendered to Trustee. Borrower shall pay all costs of rewrdation,if any. l.cnder, at Lender's option,may allow a
<br /> partial release of the Property on terms acccptable to Lender und I..cnder may charge a release fee. -
<br /> r" 21. Waiver of Homestead. Botrower hereby waives ull rights of homestead exemption in the Property.
<br /> ..,�-:�.. �
<br /> , �r
<br /> �-'- ---- %-- __ » . .._ �._.��___� n...«.......oholl nnt raucA nr»CTrtlit t}IC DlCSCi1CC.USC.(�ISpOS3�,storagc,or mlease of any
<br /> _. _.,.____.._..E� - LL. 11BZHIUVO�.7YV�awtn.w. w.•v..... ....._..'_"__" ' • '
<br /> ' '� " � Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting .
<br /> ' thc Property that is in violation of any Environmental Law. The preccding two sentenccs shaU not apply to the presence,
<br /> use, or storage on the Property of small quantities ot' Hazarduus Substances that are gener�lly recognized to he
<br /> appropriate to normal residcntial uses:uid to maintenance of the Pcoperty.
<br /> �.'
<br /> �
<br /> V
<br /> �2An7t lRrr lk1 1'ape�of 3 �It IUIJl11 R' KINUI�
<br /> , �
<br /> . I . .. . -. _wl��.l...�:..Ye4�_. ....r...�Ali��w4.�hC1_. .a ._._
<br />
|