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<br /> " .. ,� .r ;; �TAY �P 4QOODffi�i ELZZAHB'CH Ci ?�OODffi3
<br /> 2515361 01/lI/1999 �,o `..tir:
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<br /> ,; •S. -- ,. , 9.Condem�tfon.The p:voeeds of suyr award or clsirn for damages.din�:t ur romequential.in cuns�ctioa with any '. �4� :_ `:
<br /> �. < .�•�r.�:,; ���afln uj other taking of the Property. or part thete�f. or for conveyance in licu of condemnatiau.ar� hr.nby � �
<br /> -- ' ` ass;pted aud shall be paid to I�euder.subject to the terms of aay morc�sge.drxd of tctut nr athar ser:urity a��at wi t h a � r 4`
<br /> �;,�` ' � �°'� lien whish l�as pr�osity over this Aeed of Tcust. '� �<. ":�
<br /> T ��a�` ' . ` 10. B�r�n�' Piot Retetised: Fosbesranae gY 1.eader Nat a Waivec. Extensiun of the teme for paya�at or � •�-,`:�:.,• :
<br /> r�: �:� Y, • '4 � y � �,, ` ''
<br /> _-:4:. ��:: �;;. mo�on af amortitation of ths sums sec�rred by this Deed oi Tsust ranted by Lxnder w an SUCCCSSOt 1t1 tA[CTeSt OF � ; �.z,`
<br /> -_ �-::1�� .s . .. , 1<?'t;.:_':._. .
<br /> Borrower shaU not operate to release. iR suY man�e�•��liabfliry of thr oeiginal&mower and Burruwrc's succasson iu _�;;., _, _�
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<br /> �� � ... •; interest.lender sLaU not be required to comatence proceedings against such su�sor ur Kfuse co exteud•cim�tuc paymnnt Q -�, �V, `,
<br /> � :< < os otherwise modify amnrtimtion of the swns secund by the De�d of Trust by rea�on of any�iemand made by die origiaal k�sa?
<br /> -: M�-`( ;.._
<br /> - � l; ; Bormwer and Borrower`s successors in iatarst.Any forbes�ice by L,cK�der in rxtirc:ising acry right ur remuiy l�ceuuJrr. � _ __
<br /> ` ' ��-~-°"�``' or otherwise affatcted hY$PP�le law.sl�ail not be a waivac of or preclude tLe exercise uf suy such rigfie ur rcmrdy. � ' � � � _
<br /> �` �^. .' il.Sueoessors and Assigt�s Boand;toint and Severat Llabllily;C�-stguers• Thc rnvruauc.anJ u�nxmenes knrein ,. �
<br /> , -�,. . .. ..t ,r . ��
<br /> 3?`'_ . . cot�tained shaU biad.aad the ri�he�eunder shall imue w.the res�ctive successars and assigas of L�ader and Bocmwer,
<br /> �`� snbject to the pmvisions of paiag[aph 16 hereof. AtI COYC118IIE4 8II�8�It7CIlt�'IILS Of BOItbwC[SbBU IfC jnUil 8IW SCYCCBI. 4.`��
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<br /> e:��':•. � ' p goaawer arho�-sigas this Deed of Tnut,but daes mt execute thc Nute,(a>is co-signiug tt�is D�!uf Tn�st onty to •
<br /> r - ;' uy ,� ,:
<br /> `�f• ' g�ant aud oonvey tlmt Bormwec's interest in the Prapetry to Tiustee ander the tarms of this QeeJ of Tcust. (b)is nat ,
<br /> ; _ `,� pe�soaaUy liabte on the Note or onder this Deed of Trust,and(c1 agre�s that l.ender and a�r athrr Borrower Ieeauadrr ' '`'1'
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<br /> a may agcee to extend.mndify foibear,or make any ather accommodations wi�h regard w[he temu uf this D�ecd of Tnut ar
<br /> t . _ ,- - the IJote,without that Bornnwer's coacent and wiBeout releasing�hat Borrower or rnndifying this Dc�ed of Tnut as to thai ,, x S �. .--
<br /> ' Bo�rower's inserest ia��Pen3►- � .^(�.
<br /> r'- , � 1�,11io@oe, Eacept for siry notice mqu'ved under applicable law w be given in aaother manner.(a)anY uoti.x to - -
<br /> _. � g��y�e�provided for in this Deed of Tnut shall be given by delivering it ar by mailing snch notice by certified mail _ * r{_`
<br /> '�_�r addres.ged to Borrowet at the P r o p erty Ad�ic�sc or at such ather address as Bornawer may designate by pntiee to Lendu as
<br /> u.: :-....:.,•:. � _` pmvided heretu,and(b)an3+notice to Lender shall be givea by certifitd mail ca Lendcr's address stated henin ar to su.:h ' �.�� ,
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<br /> ": �';Y , other address as Leuder may designate by notice to Boaawar as pmvided Urrrin.Auy�uxice prnvided for ia this Ika!uf __ . _.
<br /> �4:."..,.. •. Ttnst sLail be deemed to have treen giveu w Borrower ar I.cadet when given in the mam�er designated herein• • j '�
<br />;.., r: ' . . �.Gpo�g La�v;$eyetabllity.l7te srate and lacal laws applicabte w this Deed of Ttnst shall t�tbe laws af the �� : _.+ :
<br /> .:� C^�� `•; jurisdict[oa in whieh the Property is located. The foiegaiag seutence shall unt limit the applicab�7ity of Federal law to[his , . �
<br /> �•.-,:.,...°_:_. �;�.,�, D e e d o f T t o s t. I n t h e e v e n t t h a t s u y pmvisiou or clause of this Deed af Tn�st or the Nate conflicts wlth appfica6lo law. '�.
<br /> -- , . ,� given effect without ttte - --;�-�:.
<br /> _ ,. . • _., ;;z, ���lJict$f�U Aot affece other pruvlsions of this Deed of Ttust or the Note whic6 can be .. %,.
<br /> �' ';.ti; oag of thia Deed of Tcnst and the Note are deciared to be severable. As M�`�',.
<br /> . ;�" � ' ��8 Pm��ami w tLis ead the provisi �'�.�.
<br /> ��,� •t , `,�' used heceiu. 'costs',°eapeases� and��O1�Ys' fees' �nctnde all sums w the exteiu noi pmWbited by applicsbte law or �; :�._
<br /> lf �' ' limitedhenein. :k '
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<br /> ' .., 4 14.Bos[ower's Copy.Barrowet shaU be fiunished a conformed capy of the Nou aud of this Deed of Trast at tlte ; .
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<br />-�.y���. .: . ; time of eaecutioa or after reoordation henwf. �,;'':,
<br /> :�;'���'.: � '�" % 1S. Reda6illtatton I.oan Agreement. Borrower shsll fulfill all of Borrower's obligations uuder any hoava , . .•.,,,•,
<br />---�:,�;�; : . - :;.; rehab�Itation,imPmvemeat,sepait or otlter taan agceemeat wLich Borcower eaters into with l.ender.Lender.at Lender's ~`:��;:'':;°-�;�
<br /> _, .. . . n,�Y�N�Sorrovrer w execute and deliver to Lender. iu a form acceptable to Lender.aa assigaaren[of any �f:` .."..:..,-
<br /> •.::s+::'•�_ ` .. optto
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<br /> r��: `:s rlgbta.clsims ot defenses whIch Hortower may have against partics who supply tabor.materials ar sCivi�s in co�nectian ,
<br /> .�,. _�'� � ... with improveaaeatn made to the Property ,,:._
<br /> ..K;. ':. �. 16.'Psaruf�of ttte Psoperiy or a Beneiicial Ittterest in Borrower. lf all or any part of the Properry or any iacetest : . ,:_,
<br /> � t ' • � in it is sold or�ansfe�ed (or if a benefcc'�al interesc 1n Botrowe: is sold or ua�ferred and Borrower is not a natu:al �`�:
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<br />. .��.,:•. • , ���.: pe�soa)witt:ont Lender's prior wrlaen caaseat.L.euder may.at its option,recluire immediate payment in full of all suu�s ° ;..s, '
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<br /> _ :`:•�; � gecu�d by this Deed of Trust.Hoaever,this apdon s4aU not be rxercised by l.endar if exenise is pmhibited by federal . •"`�" • . •`,•��
<br /> . .i '�. F•' �•: ���1-�
<br /> . .°; !aw as of tLe date of this Deed of Tnu� ;,...' .: :.^>�
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<br /> , lf l.ender exer�ises this option,Lender shall give Botruwer aotice of acceleration.'Phe nadce s1�a11 piuvide a period . . .
<br /> . of nat tess thaa 30 daya from the date the notice is delivered or ma�ed�vithin whicb Borrower must pay all sums saused �a'.'.,._.�-
<br /> '�'�` : ' • . �,`' ��a by this Deed of T:nst.If Boirower faily to pay thesa sums pttor ta the expiration of this period,lxudar may invoke auy : `.
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<br /> •';:�: �: _ remedies petmitted by tLis Deed of Tn�st withoat ftuther no�ice or demand on Bormwer. , ; �.,;,__
<br /> .v;• -�:;� � . �• . . NON-UNIFORM COV8NAN7'S. Bottower and Leadet futther cove�t aad agree as fallows:
<br /> ;•��4s! . . 17. Aaoe[eradom Remedies. Except as provided W para�r�h 16 hereoY. upon Borro�ver's breadi of auy . ...
<br /> i:,,;':: � . aavc�aat or agreement of Borrower tn ihls Deed of Tnisf,la�otuding Borrower's PaUure to pay, Dy the end of 10 .
<br /> . .,. .<� • . . . _ .
<br /> �,�,; ° • catp.adar days after tttey are due,anY svms s�vr�by Wig Dred ot Trust,l.ender prior to aoce�eratlon sl�all give .
<br /> notiee w Borrower as pmvlded in paragrapb 12 hereof specifying: (l)the breach; (2f the action req�ilred to cure
<br /> :` c,._' . . ..
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<br /> :..�.� ;,. . �breach;(3)a date.not less tlean 20 days from the date the aotice ls maited to Horro�ver.by which sucA 6re�eb . .
<br /> ' mtut De aued;and (�that failure to cuse sach breach on or b�fore the date spedt�ed in the nutloe may result in
<br /> ��`�"'`.+ .� � ' � aoce2eratton of the sums sectrred by thfs Deed of Trust and sate oP the Property. The notice shaD further inPorm . �
<br /> Y�;•. .� . - ' .
<br /> '' ` ' " Borrower of the slght to rEtnstate after aoceleration and the dght to bring a cozvt action to assert the noneadstemce of
<br /> . ��• '� ...
<br /> ' a defaWt or aay other defease o8 Borrawer to aooelerat�on and sale. It the breach is no1 au�ed on or bePore tde date
<br /> •R , • . ; �. specitied In the nodce.Lender,at Lender's op@on.may dedase all of the sums smu�ed by this Deed oY Tnut to be
<br /> � fi : . Unmediatdy due and payabte without iurther dernand aud may imoke the power of saie and any other reatedieg
<br /> �.�: .:_. .. .. .
<br /> ;. ' . permjtted by app�cabte lativ. LentIIer shaf! De entltted to colleci all reasonabte costs and expenses iacurred in
<br /> ;:`";;� p�sutng�he remedies pmvided ln thi4 paragraph 17,including,but noi Umlte�i to.reawnab te attorneys' fees. .
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<br /> � IP the power of sate Ls invoked,Trustee shall record a notice oF default 1n each co�mty in�vfiich the Praperty or
<br /> �`';:�:...•: .. , some part theseof� located and sball mail coPles of sush notice in the manner prescribed by applIcable taw to ,: •
<br /> �::>'��� ' gorrp�v�and to the other persons presadbed by appitcabte law.After the lapse oY saub time as may be req�ired Dy ��: :
<br /> �; ., �'
<br /> ���: � -, ` � applicabte Iaw. Tn�stee shall glve puDlic notice af sale to the pessons and in the mannes pres�ribed by appliqble �
<br /> � l,..•.,•�� . � . � .
<br /> �, , .�, law.Tn�stee,without demand on Borro�ver.shall sell the Properry at public auction to the highest Di�tder at the time
<br /> , � and place and under the terats desigmted in the notice oP sale in one or more parcets and in such ord�r as Trustee E ;
<br /> '���5' � .: _ . � may detesmine. Tnistee rtray postpone sate of afl or any parcei of the Property by puDllc announcement at the�ime �
<br /> .. , and place of anp previou�ly scheduied sa�e• Lertder or Lender's designee may pt�rchace the Property at any sale. � �� ��•
<br /> '��. , • � ` Upfln receipt oP payment oP the price b[d. Trustee shali �teltver ro the purrhaser Trustee's deed mnvering the
<br /> .y '. ;
<br /> :�,: .,. .� � . Property sold. The recitals 7n the Tn�stee's deecf slrall De prima facte evidence of the tnith of the statements n�ade ;
<br /> therein. Trustee sRail apply the proceeds oP the sale in the Yotio�ring arder. lal to ali rcasonable costs and erprrurs oP
<br /> . - '�`•`' • � the sale.including. Dt�t not limitecl to. Tnutee's feec actiwlly incar�etl of rtot mot�e than 5`/o of the gross sale price.
<br /> ----- �� - � 1,�:, !i� �l�.i nf TnKt: :lltti Ic) the
<br /> • . � reasonable nttorneys' Pees and costs oi n[ie evidencr: i'ui �� a�� -s.s's ��.•... ..
<br /> . . ; excess, if any,to the person or persorts 1ega��y entitleil thereto.
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<br /> '��'-:,; � ' • _ . � E�,�i : i; � ' . .
<br /> . ;`°� _ ve�n�R� 'hx~tis ; �i Oriqinal(Kecorded) Copy(�rgnchl Copy(Customer)
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