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<br /> � ' NQN-UNIFQRM COVENANTS. Borrower and Lender further covenant and agree as follows: __-
<br /> � 17. Aoodantk�n: Remedia• Bxczpt as providod ia paragraph 16 hereof, upon Borrower's breach of any covenant �_'
<br />" or agreement of Borrower in thle Deed of Trust, [ncluding Bonower's feilure to pay,by che end of 10 caleadur days �,_
<br /> after they are due,any aums securod by this Dad of Ttuat. L.eader prior to acceleretion shsll give nottce to Borrower �_,;
<br />_. as provlded in pxragraph 12 heroof specifying:(1) the breach; (2)die acdon required to cure such breach; (3)u date, ��.
<br /> • not less thaa 20 days from the dkte the noticc is maile�to Bonower. by which such brcach must be curcd; end(4)that �;1
<br /> failure to cuee such bra:act�on or befon th� dste speclfled in the notice may result in acceleration of tbe sums secured �-
<br /> , � by tbis Dad of Trust end sale af the Propert}+• '[he nodce shall further inform Honower of the rigdt ro reinetate after e1
<br /> acceleraeion aud the dght to bdng a court actian to essert the nonexistence of a default or any other defense of �
<br /> ��� Bonower to accrlernttoa and salo. If the breach is not cured oa or before the date specifiect in the notice, L.ender, �_„
<br /> at Lender's option. may dxlare all of the aums secured by this Dced of Trust to be t[nmedlately due aad payable `
<br /> � without further demand and mny invoke the powcr of sale and aay other remedIes permitted by applicable law. L.ender =
<br /> :i' shall be entitled to collect all reasonable costs and expenses incurred ia pureuinB the remodies provlded in diis `
<br /> paragraph 17.including. but not limited co.reasonable attomeys' fees.
<br />- - �� If the power of sale is Invoked, Trustee shall recotd a notice of default ia each couaty ia which the Property or _
<br />' some part thereof Ia located and shall mail copies of such notice in the caanner prescdbed by applicable law to
<br />� � Bortower aud to the oWer peraons prescdbed by applicable law. After the lapse of such time as may be required by _
<br />;,;. ' . applicable law,Trustee shall give public aotice of sale to the persons and in the roanner prescdbed by applicable law. _
<br /> �•= Trustee, without demand on Borrower,shall sell the Property at public auction to the highest bidder at che time and _
<br /> • place and under the tern�s desigaated la the notice of sale in one or more parcels and in such order as Trustee may �^
<br /> detem�ine. Trustee may posgwne sale of all or any parcel of the Property by public announcement at the time and _
<br /> ' place of any previously scheduled sale. I.ender or Lender's designee may purchase the �'roperty ut any sale. ��:-•
<br />�J' Upon receipt of payment of the pdce bid,Trustee shall deliver to the purchaser Trustee's dced conveying the ,
<br /> �,`<:
<br />- � "' , � Property sold. 1he recitals in the Trustee's deed shall be prima facie evidence of the uuth of the statenaents made _
<br />_ s:��;;���:;� �ere�. Trustee shall apply the proceeds of the sele in the foUowing order: (a) to all reasonable costs and expenses
<br /> ., '•r�� of the sale,including,but not 1[mited to, Tcustce's fees actua11y incurral of aot more tha�s 5.0 O 0 96 of
<br />�" ." the gross sale price,reasonable attorneys' fees and costs of tide evidence;(b)to all sucas secured by this Deod of Trust:
<br /> �; and (c) the excess,if aay,co the person or peraons legally entitled thereto.
<br />-�:� 18. BomnMC�r'� RiBht W Rein�a�. Notwithstandiag Lender's acceleradon of the sums secured by thte Deod of
<br /> ;� �.,: :•�. Truat, due to Borcower's breacu.Borrower ahall have the dght to have any proceodi.aBe bagun by Lender to enforce
<br />-�:= + : ��� this ueed oi Tn�ac discNnti�uc� at asy tlme pz!or t4 th� �-�rtier to occur of(i) the tifth day befon eale of the Property
<br /> • ' pursuaat to the power of sale contained in tbis Deed of Trust or(il)entry of a judgment enforcing this Aad of Trutt
<br /> "�J� ' if: (a) Borcower pAys I.euder all swa� which would be then due under thia Doed of Trust and the Note had no
<br />''` !.�'"' ' acceler4tton octurnd; (b) Borrower cures all breaches of eny other coventnte or agrcements of Botrower wnuirted
<br />�•,�-e_•.. ,.�
<br />- -�'""`-`�--- ia tbis Deed of Truat; (c) Borrower prys all reasonable expenaes incurred by Leader nnd Trustec in eaforcing e
<br />�,pr,.,�.,
<br />--F••3,� coveaants aad aRramente of Borrower coatainod Ip this Deed of Trust aad in eafon:ing Lender's aad Truata's
<br /> =`"�Y1�� h 17 he�of, including,but not limited to,reasonable attoraeys' fas;and(d)Borcower
<br />�-;_��. remedies es pmvided in paragrep
<br />-- �"- =""� takes such aetion as Lender m�y reasoaab1Y recluire co ass�� �at the lien of th{s Dad of Trust. Lender's inurest 1n
<br />=°°�'`�""� the Property aad Borrower's obligation co pay the sums seoured bY �his Dee�l of Tivst sbail condnue unimpaired.
<br />--��`p=✓""-�'°'�� Upoa such payment and cure by Borrower, this Deed of Trust aad the obligatioas secured hereby shail remain in ti�11
<br />�wti.�1�Fu 41.��.
<br />�,�� force and effect as if no acceleradon had oecurred•
<br /> -__- 19. A�aiBn�mt of Reab; �PPoid� of Raadva; L�mder in P�don. As additional security henunder,
<br /> � Borrawer henby assigns to Lender the r�nts of the Pcoperty,providal that Borrower shaU.prtor ta acceleration under
<br />�'`'°'�"?� puagraph 17 hereof or abandona�ent of the Property, have the right to collect and retain such rents as tuey become
<br />�;�y„�� , due ancl payable.
<br /> ---- Upon acaleration under paragraph 17 heseof or abandonment of the Property, L.ender� in person. by agent or by
<br /> ��:f judicially appoinud recetver ahall be eatitled to enur upon,take possessioa of and managa the Property and to collect
<br />-- -�-�i� the rents of the Propercy including those past due. All rents collectai by Lender or the receiver shail be applied first
<br />'�"..-�� to payment of the costs of manageaient of the Property and collxdon of rents,includiag,but aot Iimited to,receiver's
<br /> 1`�'""'`�� fee.s,premiumg on receiver's bonds and reasonable attoraeys' fas.end thea to the swns secured bY this Dad of Trust.
<br /> Y -�� I.ender and the recetver shall be liable to account only for those reats uctually rec�ived.
<br /> 'i9°'�-�'�—° Zp, g000nvayanoe. Upon payment of atl swns secured by this Deed of'IYust, Lender shall request Trustee to
<br /> �-°�':k� reconvey the Property and shall surnnder this De.ed of Trust and all notes evidencing indebtedness securod by this
<br /> ` _�'��;�� Dced of Trust to Ttustee. Tmscee shall reconvey the Property without wazranty az►d without charge to the person or
<br /> --:;_x;nt�'r"�.
<br /> _ . p ersons le gally endded thereto. Stich person or persons shall pay all costs of recordation, any.
<br />- 21. S�b�tiwte 'L�uatee• 1.endcr.at Lender's option, may f rom t i me ro t i m e remove T r u s t e e a n d a p p o i n t a s u c c e s s or
<br /> � �. ` trustee to Without t con e�ance of the Property, the successor tru ts ee�shall suecceed tt all the titles pow�er and duties
<br /> - cecorded. Y
<br /> - •� � • coaferced upon the Truatee henin and by applicable law.
<br /> - �' 22. Roqueat for Notioes. Borrower requests that copies of the notice of default and notice of sale be sent to
<br /> _- Borrower's address which is the Property Address. _
<br /> . _� :
<br /> RFQUEST FOR NOTICB OF DBFAULT
<br /> � �,;.,�.� � AND PORECLOSURB UNDER SUPBRIOR _
<br /> .�no�,r_•nRC nA DBBDS OF TRUST _
<br /> �__ ,-- ....,..__.__� - :.
<br /> + Borrower and Lender request the holder of any mortgage, deed of trust or other encumbrance with a lien which
<br /> has priorlty over th[s Deed of Trust to give Notice to Lender, at Lender's address set forth on page one of this Dced
<br /> . of Trust, of any default under the superior eacumbrance and of any sale or other foreclosure action.
<br /> N�RASW-SECOND MOR7'GAUH•U80•S�6A�P� UN��M ��� ibtm 3628
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