|
�.rm . _ ___.._ .__. . -�T'��.-�.. •-
<br /> . �-14:t'���U•rt j�i .�-.P�f i'nr•..�
<br /> ''� ' ._ . ...'��"�'rt:.�:.�.�..�..-, .�i. i
<br /> t W�J.'.r:;..
<br /> y p...
<br /> 'Sn . -f,(I�J����...1.Y
<br /> -•,r1r �.�WU7i
<br /> . .J�\:14{�tl�/{Y[J, . � .. .r. .. ....._.—:.-_ ---
<br /> -.TT_.
<br /> .�.4 �...4�'.i+tuiY��.�. .J.e_u.=__.,
<br />.__..�_rwr'J' _ . . .A. _.=[1L_:�f�— 'i_: �r:f__:h'-'u._Y[„_—
<br /> ..���...1��...n ._����u��r' _ v-7i'h�-���-`�'_'__:dri.t4u-.�,.-
<br /> � (E�+��C�� t)� s�
<br /> ; ��� 'd
<br /> 7ai�
<br /> aw�ner nt the property, � tnnder into an inter viva truet in Mhich the}iormwe�ie�nd nmaine a bencficiuy �nd
<br /> which doee n�t rol�te to a trander ot ri�hte ot a;cupancy in the praperty,ar (i)�ny other trurferor dispoeition
<br /> deecribed in ro�ul�tione preecribed by the Pederal Homo I,wn H�nk Bwrd, Borrower ehdl nuse to be submitted
<br /> inform�tion required by Lender t�evnluntc the trensferee ae ii e ncw lonn were bein� mede to the tr�n;ferce. Ik�rmwer
<br /> will condnue ta be obli�ated under the Note u�d thie D�eed at Truet unloee[.ander rolaaea I�omoNer in writin�,
<br /> 1l Lender doee not��ee to such eale or tr�rater,Lenda m�y declaro all of the aume ex�araJ by thie I?eed of'Cruet to
<br /> be immediately due and pay�ble. Ii I.ender execcieoe euch option to �ccxlente, I.ender ehall tt��il �3orro►ver notice ot
<br /> scaleration in�ccordance with p�r��nph 12 herec�t. Such notice sl►dl provide a periocl ot not less than 30 d�ya trom the
<br /> dau tho notice ie mailed or delivered �ithin which BormMer m�y p�y the eums declared dua Yf Aorrower failA to p�y
<br /> such sume prior to the expiratian o[euch period, Lender may, without further notice or dem�nd on Bormwar,iz�veke
<br /> any romediea permitted by p�n�r�ph 17 hereaf.
<br /> NON-UNIFORM COVENANTS.BorroMer and I.ender turther covenant and a�ree�s follows;
<br /> 17. Accelentioa; Remediei. Except aa provlded in par�rraph l6 hereof, or s�ather�ite requirad by law,
<br /> upan $orrower'e brwch ot any coven�at or a�roement o� Borrowor in thie Dad ot Truat, iacludia�
<br /> Bonower's f�ilure to pay, by tho ead of tea (10)ulendar days after the date they are due,aay �umi recured
<br /> by thi�Deed ot Truit, I.ender prior to�cceleration�h�ll tivo notice to Borropet�s pro�id�d in p�ra�raph 12
<br /> hereo[�pecityia�: (!)tho breach; (2)the sction raquirad to cure xuch braac6; (3)�d�te, aat kw t6an�dayr
<br /> trom the date the aotioe is mailed to Bonower� by which�uch breach must be curad;a�d(�►t�t f�ilure to
<br /> cun sneh breaeh oa or betore the d�te�pecitied ia the aotice may ra�ult in�oceleratiors ot tAe srrn�reeurad
<br /> by thi� Deed of 'frwt aad rale oi the Property. The notice �hdl turR6er in[prm SorroNer of tho ritht to
<br /> reia�tate after sc�eler�tion �nd the rijht to brin=court action to sa�ert the non�:isknce oC �defru�t oc anq
<br /> ot6er deten�e of Hortower to acceler�ttnn and sale. It tho bnach ii not cund a�or be[+ate tbc d�te spocitied
<br /> in t6e notioe, Lender, ,�t Lender'a option, m�y declare all �f the aumi �ured by this Dcad oi Trwt to be
<br /> immedl�tely due and p�yabte withaut further dernand �ad may invore the power oi wte�nd aay otber
<br /> ron�edia permitted by appiicable I�w, Lender�6�11 be entitled ta collect �11 cats ud apenrea incurred in
<br /> punutn�the remediea provided in this pararnp6 17 to the estent permitted by appliublel�w.
<br /> It Lender invokea the power of rale� Londer or Tru�tea ihall mail copies ot �notia ot�ale ia the mannec
<br /> ore�cribed by annlic�hl�I�e te gz+rr���e_*•�a!� +.ltL O*�!�!��.,^'S�glC�..�"!'!�'��y agFl:^��(C���. T!'.L.�Z.,:..�i'.i: ,
<br /> jive aotioe of iale by public adverti�ement tor the time and in the in�qaer prescribed by�pplicable law. •. ,
<br /> Trwtee, w�thout demmd oa Borrower��hall�e11 the Property at publiG�uction to the hR�he�t biddex tor c�eh �;
<br /> at t6e time and place and under the terrn�deaita�ted ia the aotice o!pale ia one oc moce�i�toels tpid in erp►
<br /> order u Ttro�tee may determine„�A'�ustee m�y paartpoqe.wle of all or any p�rcei of tha I'roperty to �py: �l�ter
<br /> tlrne oa.t�e ume date by public �ranounoement at th�e.9ome �nd pl�ce of �n'y prev�owly�cbeduled w1e.
<br /> . •,I.eader�or�Lender'�desiteec may putcha�i the Property at any sale.
<br /> ��.Trwtee shall deliver to tbe purchaier Trusioo's doed conveyin�the Propetty �o sold without any covenant
<br /> �� r�or w�mnty, e=pr�ased or implied. The rucitals in the Truitee's deed shall be prinu l�cie evidence ot t6e
<br /> ttnth ot tho itatementa made therein. Trwtee i6s(1 apply the proceeda of the sale ir the tollowin� order: (a)
<br /> to tll ra�soa�bk cwta �nd eYpen�es oi the rale, includia�, but aot limitod to. rwsoe�bk Trostee's teea�ad '
<br /> sttarney�'fee�aad corts oi title evidence; (b)to all�uma�ecorod by thi�Daed o[Tswt; ud (c) the eiceu. J
<br /> nay,to tYe perwn or perwn�Ieplly entitled thereto.
<br /> 1�. Horrower'� Ri�ht to Aeinitate. Notwithetanding I,oader's acceler��ion oi the sunne eecurod by thea Deed ot
<br /> Trurt due,�ci.:BorroNer'e brach,BorcoMer shall have the right.�ta have�nj�Prooeedings'be�sn by Lenda to enf�roe thie
<br /> Deed of Tr�nt di�oontinued at�ny dme prior to the aulier fo'�oocur of(I)':the fifth dn�boforo the aale pf thq'iptopart�
<br /> ,.�nt to�Yhe power ot eale oontaiacd in thie Deed of Truet or(ii)enuy�ot a jud�ment�cafo�cing thi9.Aeod of Trt�t it:
<br /> ;,,�'a�l Harrowec paye I,ender�II aums Nhich Mould be then due under thie Deed of Tnist and ttie Nofe tx�d no�relention
<br /> •'�:�oa:un+ed; (b) Bormper curos dl braehas of any other covenanta or a�reementa of BorroWar corfiuin�d in this Deed ot
<br /> Trt�et; (e) Borrower pys dl rwonable �pec�eas incucred by Lander and Trueoec in eatarcin�the oove:uncs and
<br /> aptiomeata of Horrawer oontaiaad in thie Deed ot Trust, and in a�torcin�Laxler's uK1..Tnsetee's mrraediee�'�arvided
<br /> in praanph 17 hereof,includin�,'but not limited w,raronable attonuys'fees to the extad pamitued br applir,�bi+e lap;
<br /> and (d) Bocrower takee auch �etion aa I.ender may rasonably roquin to �ure thit the liea ot ttxie Ue�d d Tn�t,
<br /> I.ender'e interast ia the�Property and.Borcower's obliQadon to p�y tt►�eume sxured by thia Deed otT�rt alull caatiaue
<br /> unimpaie+ed..Upon euch p�yma�t;uia1•cure by Borrowra, thie,Deed of Trust and the obligsporaA eecurod hereby ehall
<br /> rom�in in fu]�toroe and eftxt�e if a�acaleration had occurrod[.
<br /> 1.9.Aui�nmeut of Rents; AppQiyi��iuent ot Reoeiver, I:tader in Poaes�ion. As edditiozuJ eiexuriri ha+amdec,
<br /> Borrower hereby�esiene to Lenckr ihe'rentx of the PropertY, provided thst Bosrower st►ill. prio�to:�cxlexation under
<br /> �ara�raph 17 hereot or abandonment of the Proper.ty, htvo tho riQht to colloct and retain auch rc�atsAS they become due
<br /> and peyable.
<br /> Upo»acceleration under psr�tnphy 17 heroot or aMndonment of the Proporty, Lrnder. inpaeo si,by��ent or by
<br /> judici�liy appointed receiver� bh�11 bc entitled to enter upon,tako poeeeesion of u►d muu� the P' �n�srtr and to oollect
<br /> the renta of the Property includin�thoee p�et due.All rents oollocted by I,ender or the reoeiva s2ull Ue applied[irst to
<br /> p�yment of the ooeter o! muu�ement ot the Property �nd cnilection of rente, including,but not licrzited to, cwoeiver'a
<br /> toes,promiume on rxaver's bonde aud reaeonible attnmeve'[eee.and then to the sums eecurod br thie Deed ot Tniet.
<br /> I.ender and the receiver stutl be liable to account only for thane rents actuelly reaived.
<br /> 20.Relesse. Upon payment ot all sume sxured by this Deed of Truet,and,it thie Doed oi Truet exuree�RevolvinE
<br /> Loan A�roement, BorroMer requesta Lendcr to relaee thia Doad ot Tn�st. Lender elull uuee this Dead ot Tru�t.to be
<br /> releaeed without chuQe to Borrower.Borrower shall pay�ll caete of rocordation.it any.
<br /> Zl.Sub�titute T�u�tea. I,ender, at Lender'e option, may irom time to time �ppoint �auccaedor truetee to �ny
<br /> Truetee �ppointed hereunder by an instrument cecorded in the couttty in which thie Dood of Trust u c-aoorded. Without
<br /> conveyance of the Property, tho suxeesor trustee ahall sucoeed to all the title, power �nd dutiee conkrred upun the
<br /> Truetee ha�ein�nd by applicable I�w.
<br /> 21.Request [or rlotica�. BorroMCr requeets that copiee of the nntico of default u►d notice o�ealo be eent tn
<br /> Iiorrower's addreee which ie tha Property Address.
<br /> �,�`
<br /> 0�'�0•M GN of Trwt IM. ORIOiW11. I���,������,"���'���� ?�t4
<br /> V
<br />
|