|
. i
<br /> :;r.: *
<br /> -+w+A „
<br /> '';7i � , ...�: . ,
<br /> � '- . ..�. ..ia.. �
<br /> ...��YwAtfllN,�.. � ' .. ... . .. � .
<br /> � vs�n �►s c�w�xTr 97�• 10648� z�6io�. 09/06l1997 . _ i
<br /> � . ,�,��.
<br /> .:�:�;r:._�
<br /> 9.Condemnallon.The proceeds of aay awud or claim for dsu�ges, dlm:t ar con�equeatid, in conncctiaa wttle say =,:.�::,,:��
<br /> thereof, or for conveyancc in lieu af coodeau�adoa. rue heceby '�"`��
<br /> condetan�don ar other takin� of the Property. or put ;,..;
<br /> �ssigued nnd stu11 bc pAld to L.ender, subject to tlK tcrn�s of any mortg�►ge. deed of trust or other sa:uriry a�rcement witt►� .
<br /> � lien whicb das ptiority aver this Deed of Tn►st. l� Na • �,ydver. Extenslon oti the dn�e for payment or
<br /> 10. Borrowar Na Relasedt Forbair�nce By
<br /> ' awdlficadon of unottindon of the sums secured by this Deat of Trust gruued by Lender to nny su�c��x in intercsc of
<br /> � Bonower shall uot uperate to nelease. la �tny nnuner. the liability of tl�e udgin�l Soraciwer aiul Bum+wer's successors in _
<br /> I iaterest. I.ender stWl aot be re9uind to com►net►ce p�uccedia�s a�al�ut such successor ur refuse to ratentl dtt�fac{�tYment • , '
<br /> . � or otderwise modify unorcirndon of tix suntis secured by this Aeed of Tmst by re�.son af�ny demand msde by the odginsl
<br /> ' Borrower and 13�rrower's successors iu interest.Any forbearance by L.ender in exercising xny dght or remody hereunder.
<br /> , or cxherwise�fforded by�PPlicable law,stull not be A wa�ver of or prc:clucic the exerci�C any��8 ���y�nin ' . . ;��
<br /> � I 11.Succaeor's�nd A�eip�Boundi Jotnt and Sevent!Uability;Co-s��a�a. I �
<br /> �' � coauined s6ill blud,nnd tbe r�ghu hereuuder shall inure to.the respecdve successors aud assigns of Le�er aand Borrower, j . ' .��ri�,_. .
<br /> subjxt to the provisions of paragtaph 16 heeeof. All covenmcs and a8reemeats of Borrower shsll be joiat and s�weral. .,,: ..,...,, .
<br /> � pny Aorcower who casigns this Deed of Trust,but does aot execute the Noce.(a)is co-signing this Deed of Tntst only to �.��;�.;�.
<br /> I grant and convey that Borrower's interest in the Pmperry ro Ttustee uader tlx terms of this Deed of Trust. (b) is not . ,-:�i;��;
<br /> � personally liable on the Nae or under tlus Deed of Trust. aad (c)aSrees that Lender aud aay ottxr Bonower herew�der . �_��,,M:-----"
<br /> . may ngm to extend,modify,fotbear,or niake uiy osher�ccommodarioas with regud to the tern�s of this Deed of Tntst or .F�� — ..�
<br /> . . the Note.without that Borrower's cons�nt and wlthout releasiug that Borrower or uadifying thls Iked of Tntst as to tlutt «:�:
<br /> � Botrower's intecest in the Property.
<br /> ; '; 12. Notkt. Gxce�t for any aodce required under appQcable law ro be given in another n�nner. (l� All}� a0I1CG IO , '.v^__
<br /> ,;:x�.
<br /> � go��t p�vided&,r in this Deed of Tcust shall be given by delivering it or by maillu8 such ���ecto L nde� �����e�
<br /> ! addressed to Bornower at thr.FropectY Address ar at such ot6er atddress as Bc�Trower may desigmtte Y
<br /> � provided herein, and(b)anY no�ce to Lender s6a11 be given by certified mail to Lender's address stual henfn or to such • ��:_
<br /> other addrec�as L.en�er may designate by rwdce to Borrower as pmvidai herein. Any notice providod for in this Dced of =;,�.
<br /> � ''-�.�h
<br /> �; � Txusi shall be dcemecl to Yiave been giveu to Borrower or Lender when given in the manner designated hentn. ;,
<br /> i . 13.Go�a'n[nf Law.Se�eribtlitr.The state wd local laws ippllcable to this Dad of Tn�ct s6s11 6e tbe laws of ttx ,i�,�.•
<br /> . jurisdicdon in which tt�e PropenY is locstted. The foregoiug senttnce shalt not limit the aPPlicseil�ry of Fecie�al law to ttus ,��,i_,.
<br /> �� Dad of Tnut In the evtnt thu any provision or clause of tius Deed of Ttust or ths Note conflicts with spplicable law. _,��G
<br /> ,� such conflict shall uoc affxt otder provisions of this Deed of Ttust or the Note which can be given effect without tbe �
<br /> conflicting provision.wd w t61s end the Provisions of tbis Deed of Tnut and the Note ue dx�al to b����nbi�o �;y,;=::'�r,t._•
<br /> � used ixrein, 'costs'. "expeases'w u d"�t t orne y s' f o e s" i n c l u d e a U s u� t o t h e e x t e n t n o t p r o h i b i t e d Y�p p ��,��--
<br /> limited haein. ��
<br /> � - 14.lwrrowa's i.vj�3• ��� °���-'a'-`h'"� ?�"nformed copy of the Note and of tLis Dad of Tcust u the =_ _
<br /> time of execudon or�iter rxorduion hercof.
<br /> �;;� 1S. RehaWlit�tloa lrain Ap�t. B°n'°wer s6all fu1fi11 s�ll of Borrower's obfigadons under any hoax ��
<br /> . �:: � reh�biliUtion.ImProvement. repair or otber lo�n igrament which Borrower enters into wlth Lender. Lender.at��'y --
<br /> . opdon. msY ralulce Borrower to execute and deliver to Leader, in a fo�m acceptable to I.e�r,an usigtus� �:,.
<br /> ,;�'' , I dghts.cld�or defen5es which Bvrro�er may luv�agaimt parties who supply idwr,mtterWs or seivices ia conaecdon ��
<br /> ��.o
<br /> ;:` with improvetn�nts made to the PcopertY• ���
<br /> 16.'['rans[a ot tbe PropatY or a Bene�icid Lnta+e�t in Borrowar. If�il or any Put of We Propecty►or sny intenst
<br /> - in it ts sold or a�f�crod (or if a beaficial interest in Bocrower is sold or axngferttd and Borr����of�� i—��_
<br /> ' persnn)without Leoder's prior wrltten consent. lxnder miy. at its opdon, require immaliate PaYme
<br /> secured by this Deed of Tn�st.However, this opcion shall not be exe�cised by I.ender if eaetei�sse is pmh#bttod by federal
<br />- Iaw as of thc date of this Deed of Tcust.
<br /> ,};;;°., If Lend�r exerctses this q�aon. L.ender slull Bive Bonower naice of accel�ndon.The notice stvll provide a pedod
<br /> � of not less tt�.w 30 days from tUe date tve notic�is delivetal or mailod witbin which Borrower must paY a11 su�secu�
<br /> e
<br />- , ` ;: by this Deed of Trust. If Borrower fails to piy thtse snm5 Prtor to the expinaon of tlus period.Lender m�y�dCe iIly
<br /> nmedies pecmitted by this Dad of Tnut witho�ut further nodce or demand on Bonrower.
<br /> � � �,,� � NON-UMFORM COVENAN7'S. Borrower and I.encler fiuther covenwt and agra�s follo����b �� � �
<br /> '.�', � 17. Ace�er�t R�. Excep4 +�s M'o�ided In parapaph 16 6ereot, uPon
<br /> • .'���•" co�emnt ar a�ot Borrowe+r In tl�s Dad ot Tnnt.Includin� Borro�a''s fdlure to pay,by the ead ot 10 _
<br /> " • I pilendar d�ys after tl�er sc+e due,any suns sec�d b�t61s Deed t�t Tnet• I�de�'prlo� to�1on s6�11 the
<br /> .:"•�;�, �' � notia to Bonnwa'a�pro•ided in p�ra�xph 12 hereot spa�fyins: (1) the bre�cht (2)the�ctlon reqWred t�h
<br />-: � -���o � auch bnd�eht (3)a clwte,not less than ZO daye firom tt�e date the notke Is maikd to Bo�mwahe eot� result 1n - ----
<br /> .� >,, muet De ciaed3 tnd (4)tbst failure to cure such bn�ch on or 6dore tl�e d�te spa�tl�d - - _
<br /> I aoceldr�tion ot the sums secuired by this Dced ot Tnnt and s�k ot tbe Peo�erty.The notioe s�ll turtbar fda�m "����q
<br /> ,,�::
<br /> '�,+•� Borrower ot ct�e dsht to reirotate�ltar accekratlon�uod the d=ht co brin�a caut�ctlon to a�eart ehe noor�6tena of ,��.,
<br /> > g t de�ault or anT ot6ec ddaae o[Borrowdr to acceleratbn and sile.If the breach ts not curM on oe beiare the d�te `;,�`"
<br /> � . .. � specltkd In tt�e nodoe,I.eoder+ u i.e�d��s option,aury declu�all o[tl�e suns secwtid by thls Deed ot'Pn�t W be • ..�:t.:.
<br /> ' ' Immedtatdy due and payabk witleont furtNar dem�u�d and way tnroke ttx powa oi sile ued�ny atba�ranedks .�'"S:".. �....
<br /> . L.�,1'�;!'.vi'•�:.*;�
<br /> .i -� .� _��:+Jr,�x. .
<br /> : permitted by applicabk law. L�eader sh�ll be entftled to rnliect �Il raisonabk coets and e�rPe�es inc�� ° . , >,.,,;��
<br /> , .� ,r...•�,.: .
<br /> pursuin�the remcdles Prn�tded In thB para�reph 17,includin�.but not Iimited to,reawnsDk aitormeys [ees. .>��,+:,,.,.,
<br /> . � It the powar of s�k Ls in�oked,T►vstee shail mard a notia of defiult tn a�ch rnuety M wNch tAe Propa�t7 or . ,: 'S.~!'
<br /> Ikabk lsw to '• �'�`
<br /> � eome part tt�ereo[b located and ah�li aWl oopks ot such natla In ttie tnamn'P�bed b]�PP .
<br /> Borrower u�d to the otber per�oro Pr�+cdb�d bY RPP��bk lRw.A[ter the I�pse ot s�ch time as may be requlred by
<br />; � �tppllcabk law�Truuee atWl Qf�e publk notiue ot s�le to the persoRS u�d le t6e mtn�er pre�cdbed b7'�PP��
<br /> ._� T - ..,:.�......�....,�en Borrown�.shall x11 the PropatY at pubtk auctbn to the hid�e�t btdder at t6e time
<br />�., _-=�==- �.... ....�:.,.. ......-�_ - - __
<br /> � and place and wKkr the tertns desl�ted In the notia of s�ie In one or more parcels and in suen vrda��i n�Q ---
<br /> mq determtne.Tnastee m�,1 P�P�sale of all or u►y parcel ot tde Propa�ty by publlc Announcaneat at tbe t4ne
<br /> m
<br />- and Plac�of+�nl P�'���7���stk.l.ender or[.enda's desip�ee ma7 Purch�sC the Propaty at aW' .
<br /> Upon recdpt ot Wyment ot tt�e pria bld• Trustee sh�ll ddlver to the purch�ser Tn�stee's deed conveyln�tt�e
<br /> pro�xrty so�d.The recitsb in the Tnsta'�deed stW►be Pr[cnz facte evidmce ot the t�vtd of the statements made
<br /> thp�dn.Tnntee sh�ll apply the praced�of the sale In the followin�order:(�)to all rea4on�ble msts�nd expenxs o�f
<br /> the s�le,includint, but not limlted to,Tnntee's fces�ctnally Incun+ed of not more tlun S 96 of the�ross ssk pe�ice•
<br /> r�a�annbk attorneys' fees u�d costs of title e�idaKei (b)to tll sums secured b7 thlS Iked ot TnM; and (c)the
<br /> pcce�, i[�ny�to the person or persom iegally entitled tha�eto.
<br /> � Ncen.k.2ae7e-3 7ro7 Oriqinal(R�cord�d) Copy(8raach) Copy(��toa�r) P,ge 3 ot s �
<br /> �
<br />
|