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<br /> �,7 106'7'99 ;.;,>.��ti�. , _..
<br /> ��t t -* (Page 4 ot 5) ',�,�;<<�,_y���
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<br /> .� ` ` �' n�"'�:
<br /> Iowner ot the property, (h) a transfer into an inter vivos trust in which the Borrower ia and remains u benetir.inry ns�d � "`
<br /> jwhich does not relate to a transfer of right�of occupancy in the property,or (i) any othsr transfer or di�pasiti�n .
<br /> � described in regulations prescribed by the Fedaral �lome I.oan I3ank I3oard, I3orrower shall causa to be submitced
<br /> infarmetion required by I.ender to evalu�tc tha transferee as it a nev� loan were being mnda to thes tranetaree. Horrowor
<br /> �� will continue to bo obligated under the Note and thie laeed ot'Crust unlsss I,ender relsases Bnrra�vor in writing. : `��'
<br /> • . It I.ender does not agree to such sele or tranefer, I.ender mey declere all of the sums secured by this I�ed ot'I'rust to '�.,:.�`x•.'.
<br /> I ba immedietely due and payable. If Lender exercirxs euch e�ptiun tc> accelerate, l.ender 4hi�ll mail Iiorrower natice ot _,1
<br /> ' j xeceleraticm in uccordance with paregraph 12 hereof.Such noticn ehall provide a prsriod�t not les.9 than 30 daye fram the _ > tij��_
<br /> ,..,,.,.:� date th� n�tice is mailed or delivered within which }3c�rrower may� pay the gume declared due. If Hc�rrower tails to pay , .. . ;e�.�
<br /> " �•► ! such nume prinr to thn expiration ot�uch period, Ixnder mey, without turther notice c�r demand cm liorruwer, invc�ke .:, .+.,: ,
<br /> '..r���S.F'r-�•-••J%'t:•�+ __-
<br /> any remedics permitted by paragraph 17 hereot. . ''?"
<br /> .�y^�v�..M
<br /> � NON-UNIt'ORM COVI:NAN'I'S, Horrc�wer and lxnd�r turthcr covenent nnd agree es folluws: ,��.�;§
<br /> l .-:..,;��._n�__..�n _
<br /> 17. Acceler�tion; Remedie9. f'sxctpt •s provided in pu��nph lb hereof, c�r as oth�rwise requlred by law. .:-•• ,�`r�_rl,�t.
<br /> � upon Hc�rrower's breach of any covenant or •�reemont of Har��wor ia thi� Deed af 'frust, includin� ',•,_,,�,�•_--_ —
<br /> � I Barrower's tailure to pay, by tha end of ten (10) c�lend�r dsya aftet the dste they are dua, say sums secured ���_�--=--
<br /> by this Deed of'trust, I.cnder prior to scceler�tioa shell 6ive notice ta Dorrower as provided in p�ra�nph 12 .;;;-
<br /> t j :. ,�:1`
<br /> (31 a date, not less than 10 days •
<br /> �I hereot specifyin�: (I) the bretch: IZ) tha action required ta cure such breach; : ;;.
<br /> � [rom the dste the notice is msiled to Borrower, by which suc6 bre�ch must bo cured; and (4) that tailure to , t m�
<br /> cure such brench on or before thc date specified ia the notice may result in acceleration of the sums secuted r.,�.�-;_
<br /> �;�'
<br /> ; I by thia Deed ot Trust and sale of th� Property. The notice shall furt her in form Borrower o! tho right to ,, • ,._^, .
<br /> � reinstrte aiter aceeleration and the right to bring conrt action to assert the nonexistence af a default or any ,�,;,�;���
<br /> +��;,��-----
<br /> other defense of Borrower to acceleration and sale. It the brcacl� is not cured on or be�ore the dete specitied ,. ,�,u;:,,
<br /> � ; .,;:�
<br /> in the notice. Lead¢r, at Lender's option, may declare all of the sums secured by thie Deed of Trust to be �..�;,;�;.
<br /> � immediately da� snd p�Yable without furthcr demand and nma} invoke the powcr of sale aad aay othor �r:��j�,,:
<br /> . � remedies permitted by appticabte law. I..euder shall be entitle� to collect�ll coats endt �xpoasas iacurrcd in .�,�;..,
<br /> pursuin�the remedies provided in this paragraph l7 to the exten3 permittcd by applicable law. n=:.
<br /> ;� �'�'.
<br /> If Lender invokes the power oi sale, Lender or Trustee shall �ail copies of� notice of sale in the maaner �;�„.�;,,�.
<br /> ���::. �
<br /> prescribed by appl�ncable lsw to Borrower and to the other persc�ns prescribed by applicablo l�w.Trustee shall ;�':.�.:•
<br /> �� give notice oi s�le by public advertisement for the time and np the msaner prescribed by applic�blo law.
<br /> -- -- Tr��st-e,w±t��ut demand on Borrower, ahall sell the Property at public auction to the highest bidder for cash �
<br /> � � at the time and place and under the terms designeted in the aotice of sate in one ur �iia,-a�=s�!%aad 1�s�!!'h •
<br /> order as Trustee m�y determine. Trustee may postpone sale of all or aay parcel of tho Proporty to �ay l�tor �'
<br /> time on the same date by public annovncement at the time and place of any previously schcduled sale. __ _
<br /> • Lender or Leader's desienee may purchose the Property at any sale. =—
<br /> Trustee shall deliver to the purchaser Trnstee's deed conveyine tho Property so sold witbout�ay coveuat�t =
<br /> or warranty, expressed or implted. The recitals in tho Trustee's deed shall bo prima facie ovidenco of the _
<br />'' ' truth of the at�tements made therein. Trustee shall apply tho proceeds at the salo in the followina order: (a)
<br /> to all reasa�able costs �nd expenses of the salo. including, but not limited to, re�sonable Trusteds fees �ad .t _
<br /> � attoraeys' fees end coste of title ovidence; (b)to�ll sums secured by t6is Deed of Trust; �nd(c)the eYCesa, if __
<br /> . any,to the person or persons legslly aatiticd thoroto. �
<br /> .'.°".. 18. Borrower's Right to Reiast�to. Notwithstanding Lender's acceleration ot the eums secured by thie Dctd of
<br /> � • '^-�� Trust due to Bonow�r's brersch, Borrower shall hava the right to have any proceedings begun by Lender to enforce thia
<br />-' ' � "• Deed oi Trust discontinued at any time prior to the earlier to occur of (i) the fifth day before the sale of the Property
<br />_ � �? � pursuant to the power of sale contained in this Deed ot Trust or (ii)entry of a judgment enforcing this Daed ot Trust if:
<br />� . �?` • (a) Borrower pays Lender all sums which wou3d be then due under thie Deed of Trust and the Note had no acceleration
<br /> � occuned; (b) Borrower cures all breach�s of any other covenants or agreements of Bonower contained in this Deed of
<br /> � ' Truet; (c) Borrower pays all reasonable expenses incurred by Lender and Trustee in enforcing the covonante and
<br />��� �•` ,��. agreements of $orrower contained in this Deed of 'Trust, nnd in enfarcing Lender's and Trustee's remedies ns prov:ded �-a.-��.
<br />_�-•_,•:••, • . in paragraph 17 horeof, including,but not limited to,reasonable attorneys' feas to tho extent permitted by applicable law; —
<br /> �_�,y:�,N���; w� and (d) Borrower takes such action as Lender may reasonably require to assura that the lien of this Deed of Trust,
<br /> y:7� I.ender's intereat in the Property and Borrower's obli�ation to pay the sums sa:ured by this Dxd of Truat shall continue �
<br /> '' unimpairecl. Upon such payment and cure by Borrowar, this Deed of Trust and the obligations sxured hereby shall
<br /> � � " remain in fuil [orce end e[Eect es it no acceleration had occurred. _ _�,
<br /> 19. Assignment of Rents; �►ppointment of Receiver; Lendor in Possession. As additional security hereunder, ;��;
<br /> � ' Borrower hereby assigns to Lender the rents of the Property, provided that Borrower shall,prior to acceleration under �:.,�`
<br /> i� paragraph 17 here�f or abandonment of the Property,have the right to collect and retain such rents as they become due ,Y , �.,�-
<br /> �. and payable. by agent or by i���,�. �:
<br /> , ; Upon acceleretion undor paragraphy 17 hereof or abandonment of the Property, Lender, in person, ,.._.
<br /> :' � judicially appointod receiver,shall be entitled tn enter upon, take possession of and manage the Property and to collect .x���;���a.
<br /> , � the rents of the Property including those past due. All rents collected by Lender or the receiver shalt be applied first to : �_TM
<br /> � payment of thc costs of management of the Property and collection of rents, including, but not limited to, receiver's ��',`�� • ' ��,.;.
<br /> fees, premiums on receiver's bonds and reasonable attorneys' fees, and then to the suma secured by thia Deed of Trust. :,�:,�„,.7�� .-
<br /> •�. :�_ .
<br /> � ' i,ender and the receiver sliall be liable to account only for those rents actually received. .
<br /> ___.—__ 9n Release.Uoon aayment of all sums secured by this Deed o4'I'rust, and, if this Deed of'Trust secures a Revolving
<br /> _ ._ . . . .. -"- ^--� _r•r_..... ... 1... _ __
<br /> I.oan Agreement, Horrow$r requests Lender to release this l�eed of lrust, t,enaer sneu cau� uu� ua.••. _•�• .� �- - - - -
<br /> ' released without charge to Iiorrower. Borro�ver ahall pay all costs of recordation,if any.
<br /> 21. Substitute Trustee. Lender, at I,ender's option, may from time to time appoint a successor trustee to any
<br /> , ; 'I'rustee appointed heeeunder by an instrument recorded in the county in which this Ueed of"Trust is recorded. �'Vithout
<br /> � . ' conveyance of the Property, the successor trustee shall succeed to all the title, power nnd duties conferred upon the
<br /> � j Trustee herein an�i by applicable law.
<br /> . 22. Request for Notices. Iiorrower requests that copies of the notice of default and notice of sale be sent to �
<br /> Borro�ver's address which is the Property Address.
<br /> i OE•30-94 D��d ol Trunt NE �RIOINAI I�II��q�������ul������������ NE0079Z4
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