|
��:
<br /> I �
<br /> � 90-- i00265
<br /> 8. Cond�mnaHon. The proceeds of any award or claim for damages,d�rect or consequential,�in connect�an with any
<br /> condemnation orother teking ol the Property,or partthereoi,or for convayance in lieu o1 condemna4ion,are herzby assignad
<br /> �nd shall be paid to lender.
<br /> ^ I�tho svant ot a tatal taking of the property,the proceed9 shall be apptied to tha sur►is secured by th�s Deeai of Trus1,with
<br /> 1 the exces�,if any,paid to eo�rower.ln the event of a partial taking ot the Praperty,unless Bar�4wer and�ender otherw�se
<br /> � agrae tn writing,thereahai!be epplied to thesum�secured by this Deed otT�ual euch proportion af the prviceeds as is equal to
<br /> that proponioR whlch the emount of the suma aecursd by this Oeed of T�ust imm9diately p�io�to the date oltaking bears to the
<br /> tair metrke�value o/the Or �mmediately prinr tr�thA d�te c+!tsk��{�,�ttt�th*k+s►ance ot the�+ro�!+�!�v�►�td tc►Ei!+►m�re►
<br /> If the Property is abandon by Borrawe�.o�if,after notice by Le�de�to�fo��ower that the condemnor oflers to make an
<br /> award or settie a ctaim tor demese�,Bo�rower tella to reapond to Lender rvlthin 30 daya atter the dete such notice i�mailed,
<br /> lender ls authoNzed to Collect and apply the p�xeeds.at Lende�'s option,either to restsretion or repair o1 the Property or ta
<br /> � the sums aecured by thi��eed of T�us�
<br /> Unl�a Lender a�d Bor�ower othArwiseagree in w�lting.any such appUcation of proceeds to principal s1-a11 not extend or
<br /> Qoatpo�e the due dats of the monthly inatallments reterred to in paragraphs 1 and 2 hereaf o�change the amount ot such
<br /> = mataliments.
<br /> 10. �ortowKNofR�NasW.Exte�sionofthetimeforpaymentormodificatiOnofamortizationotthesumssecuredbythis
<br /> Oeed of Trust�ranted by Lender to any successor in inte�est of Rar�ower shall not operate to retease,ln any manner,the
<br /> liebillty of the original Borrowe�end Borrower's euccesso►s lnte�est.Lende►ahall not be required to commence proceedi�gs
<br /> againat such auccas�or or�etuse to extend tima for payme�t o►othe►wise modiy amoRizatlon of the suma secured by this
<br /> Oeed of Trust by reaso�of any demand made by the original Bor�ower and Bor�ower's successors in interest
<br /> 11. Forb�aranc�by L�r Not a WatvK.Any forbearance by Lende�in exercising any�ight or remedy hereur�der,or
<br /> otherwise eHo�ded by appUcable law,shall not be a waiver of or preclude the exercise of any such right or remedy.The
<br /> prxurement of insurance of the payment of taxes o�othe�Uens o�charQes by Lender shall not be a waiver of Lender's right to
<br /> accelerate the maturity o}the lndebted�ess secured by this Deed of Trust
<br /> 12. R�madb�Cumul�ttw All remedies p�ovided in this Deed of Trust are distinct and cumutetive to any other�ight or
<br /> remedy unde�this Oeed of Trust or afforded by law or equity, and may be exeraised concu►rentiy, independe�tly or
<br /> successively.
<br /> 13. Suec�sson snd��s Elound; Joint and S�v�nl Uabiliiy; Caption�. The covenants and ag�eernents herein
<br /> contained shall bind,and the�ghts hereunde�shall inure to,the respective successo�a and assigns of Lender and Borrower,
<br /> subject to the provisions of paragraph 17 hereof.All covenants and agreements of Borrower shall be joint and seve�al.The
<br /> captionsand headinga olthe paragraphs of this Deed oiTrustare Por co�venience only and are not to be used to interpret or
<br /> derne the provisions hereoi.
<br /> 9 i. Notk�.Exceptforany�otice�equi�ed unde�app�icable law to be given in another manner,(a)any notice to Bor�ower
<br /> provlded tor in thia Oesd of Trust shall be given by mailing such notice by certitied mail addressed to 8orrower at the P�operty
<br /> Address or at such other address as Borrower may designate by notice to Lende�as provided herein,and(b)any notice to
<br /> lender shall be piven by certifled mail.return receipt requested,to Lender'saddress stated herein or to such other address as
<br /> Lender may designate by notice to Bor�ower aa provlded he�ein.Any notice provided tor in this Deed of Trust shall be deemed �
<br /> to have been�iven to 8orrower or Lender when given in the manne�designated herein. ;
<br /> 1S. UMlonn DMd of Tnnt;GownN�I.�w;S�vKaWMly.The form oi deed of trust combines uniform covenants for .
<br /> natlonal use and non-unlform covenants wlth limited variations by jurisdiction to constitute a unitorm securit�r instrument , �
<br /> � cove�in�real property.This Deed of T�ust shaU be governed by the law of the jurisdiction in which the Property is located.I� , , _
<br /> the eveni that any pravisio�or ciausa oi this Deed ofi i rust or th�Note co�ri�cts wlth applicable law,such conilict shall not ?
<br /> affectothergrovlsionsnf�ianaarf�t��►ctni;�,glyn�..u.h��►.�,�rw���g�gN�l:�!l.��rsltb��.^.i3ic!i.^.yr:asiriCn�,�n�lCl:::s '- --
<br /> � end the provlsions of the Qeed of T�ust and the Nate a�e dectared to be severable. -
<br /> 16. BoROw�r's Copy.Borrower shall be Turnished a conformed copy of the Note and of this Deed oi T�ust at the time ot •
<br /> execution or aRer recordation hereof. �
<br /> 17. TrsnsNr M th�Prop�tr;As�umptlon.If all or any part of the property or an interest therein is sold or t►ansterred by '
<br /> 8orrower without Lender's prior wrliten cortsent excluding(�)the creation of a lien or encumbrance subordinate tothis Deed • '�
<br /> oiTrusL(b)ths creaUon ota purcha'se�m�nejr security interestfor household appliances,(c)a transfer by devise descent or by • ���=�-
<br /> operation of law upon thedeath of a jotnt ter�ant or(d)the grantof any leasehold interestof three years or less not containing an •: �
<br /> option to purchase,Lender may,at L9Rder'�option,declare all the sums secured by this Deed of Trust to be immediately due ;
<br /> and payable.Lende�shall have waived such option to accele�ate if,prior to the sate or transter,Lender and the person to
<br /> whom the Property is to be sold or transferred reach agreement in writing that the credit of such pers�n is satisiactory to
<br /> Lender and that the intereat payable on the sums secured by this Deed oi Trust shall ba at such rate as Lender shall request.lf
<br /> Lender has waived the option to accelerate provided in this paragraph 17,and ii Borrower's successor in interest has ;
<br /> executed a written a3sumption agreement accepted in writing by Lender,Lender shal!release Borrower irom all obNgations � �
<br /> under this Deed ot Truat and the Note. .
<br /> If Lender exercises soch option to accelerate. Lender shall mail Borrower notice ot acceleration in accord�nce with ,� �
<br /> paregraph 14 hereoL Such notice shall provlde a period of not less than 30 days from the date the�otice is mailed within which !�
<br /> Bor�ower may pay the sums dectared due.lf Borrower fails to pay such sums prior to the expiration oi such period,Lender - .
<br /> may,without turther notice or demanQ on Borrower,invoke any remedies permitted by paragraph 1 S hereof. � .
<br /> NON-UNIFORM COVENANTS.Borrow�and L�ndK fueth�r cov�nant arx�a�re�as totlows: i.
<br /> tA. AccNKatlon;R�m�dln.Except as provided in paragraph 17 hereof,upon Borrower's breach ot any covenant or
<br /> agreement oi Bo�rower in this Deed o!Trust,including the covenants to pay when due any sums secured by this Deed of Trust,
<br /> LenderpriortoaccelerationshallmailnoticetoBorrowerasprovidedinparagr8ph14hereofspecitying:(1)thebreach;(2)the
<br /> action�equired to cure such breach;(3)a date,not less than 30 days irom the date the notice Is maiied to 8orrower,by which
<br /> such breach must be cured:and(4)that faiture to cure such breach on or before the date specified in the notice may result in
<br /> acceleration otthesums secured by this Deed of Trustand sale of the Properry.The notice shall turther intorm Borrower of the
<br /> right to reinatate atter acceleration and the right to bring a couR action to assen the non-existence of a default or any other
<br /> detense of 8orrower to acceleratlon and sale.If the breach is not cured on or before the date specifled in the notice.Lender at
<br /> LendePs op�an may dectare all ot the sums secured by this Osed af Trustto be immediatety due and payable without lurther
<br /> demand and may invoke the power et sate and any other remedies permitted by appllcabte law.Lertder shall be entitled to
<br /> collectall reasonablacosts and expenses incurred in pursuing the remedies provided in the paragraph 18,including,but not
<br /> limited to,reasonabfe attorney s fees.
<br /> If the power of sele is invoked,Trustee shall record�notice of default in each county m which the Property or some part
<br /> thereof is tocated and ahall mail copies of such notice in the manner prescribed by applicabte law to Borrower and ta the other
<br /> persons preaCribed by appliceble law.Aiter the lapse of such time as may be required by applicable law,Trustee shall give
<br /> public notice of sale to the petsons and in the manner prescribed by applicable law.Trustee,without demand on Borrower,
<br /> shall sell the Property at public auction ta the highest bidderatthe time and place and under the terms designated in the notice
<br /> ot sale in ona or more parcets and in such order as 7rustee may determi�e.Trustee may postpone sale ot all or any parcef of .--_---
<br /> the Property by pubtic announcement at the time and place of any previously scheduled sale.Lender or Lender's designee •
<br /> may purchase the Propery at any sale.
<br /> Upon receipt of payment olthe price bid,Trustee shall deliNerto the purchaser Trustee's deed conveying the Property sold.
<br /> _ The recitala in theTruatbe's deed shall be prima faGie evidence o}the truth of the statements made therein.Trustee shall apply
<br /> the proceeds of the sale in the lollowiny order.(a)to a II reasonable cos3s and expenses of the sale,inctuding,but not I imited to. �
<br /> �� Trustee's tees of not morethan 96 01 the gross sale price,reasoneble attorney's fees and costs of title evidence: �
<br /> (b)to all sums secured by tfiia Deed ot Trus�and(c)the e�ccess,if any,to the person or persons legally entit�ed thereto.
<br /> �� �s. Qorrow�r's aqnt to t�nsiaN.Notw�instBnGing LenGer's accsleration ot the sums secured by this Deed of Trust, '�
<br /> — - � Borrowet shsll have the rignt to haveeny ptoceedings begun by Lendet to enforce the Deed of Trust discontinued at any time
<br /> prior tothe earlie�to occurot(i)the fifth day befc,re thesa:e o1 the Property pursuant to the power of sale contained in the Deed .,��
<br /> r o1 Trust(ii)entry of a judflment entorcing this Oeed ot Trust if:(a)Borrower pays Lender all sums which would be then due �
<br /> unde�this Deed o}Trust the Note and note5 securing Future Advances.if any,had no acceleration occured:(b)Borrower ���
<br /> � curea ell breeChes ot enyothar Covenant9 or 8gresments of Borrower Contained in this Oeed of Trust:(c)Bor�ower pays all �
<br /> �: reasonable expanses incurred by Lender and Trustee enforcing the covenants end agre�ments ct 8orrotifa�contamsd�n th�s ,�,�
<br /> -����'. Oeed o1 Trustandln enforcing Lender's end Truste�'s remed�ases providod m paragraph 18 heteof.includmg,but not limited '
<br /> - - �, to,reaaonable ettorrtey'sfees;and(d)Borrower lekes suchacfion as Lender may reasonsbly reQu�re to assure th�t the i�en of " '
<br /> �'i'��, fhis beed o1 Trus�LAnder's�nterest m Ihe Propo►ty and gorrower's obligatior,to�ay the sums securc�d Gy Ih�s Dced nl T r ust
<br /> � R,j�: shel!eontmue un�mpa�rad Upon Such paymentand cureby Borrawer,th�s Ue�<�d nf Tr��st��nd thc•obl�r�;�hc,����,E��„re�e1 he•rE�h•�
<br /> �kr• shall rQmein�n tull fprt�Flnd aHact as�}no aGCCfttsr�l�Un h;ia o�curred
<br /> � ,�
<br /> ��i�
<br /> L�
<br /> '��',.�r. �
<br /> .��;t�
<br /> t. �.r
<br /> . .
<br />
|