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89106890
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Last modified
3/7/2012 4:26:11 PM
Creation date
10/20/2005 10:26:44 PM
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DEEDS
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89106890
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=::. <br />-- 1 � <br /> : RE•RECDRDED <br /> : <br /> gg.-=. �.Q�89(� �4 -._ Q056$5 <br /> by this Dced oi Trust immcdiatcly priar to thc date af taking beus to the fair muket value of thc Property immediaeely prior to the dAte of <br /> tnking,with the�atance oP the proceeds pitid to Botrower. <br /> � Ii the Praperty is abandoned by Eiar�ower.or if.aiter notice by I.ender to Borrawer th�t ihe couder�inor ofi'e;s ta mak�an award nr stltle a <br /> cl�im for da�naRes,Botrowtr falts to cespond to Lendcr within 30 dsys after the d�te aueh notice is maikd,Lender is authorized to coUtct aail <br /> ap9�Y��Procads,at l.ender's option,either to restorauon or repair of the Property or to the auma secured by this Deod of Trust. <br /> UNas Lender and Bortower otherwise�rx in writiry�any such ap�licxtian af proceeds to principal shall noi eutend or pastpoae the due <br /> date of the mantlily instattmenu reforred to in pua�r�phs 1 and 2 herrnf or ch�e the�iou�t of auch ias�enu. <br /> 10. Dorrowa NM Rek�ei.Eatension of the time for payment or modlflcadon af amoniution of the�ums secured by this Deed of'IYust <br /> �ranted by Lender to any suocasor in interat of Borrower ahall not apetate to rdeue,in any manner,the liabiUty of the orlslnal Borrowe�and <br /> , Horrower's succasoro in interat. l.enda ahall not be raquirod to wmmence proaedit�yaiaft such suocessor or rtfuse to eata�d time for <br /> �ymeat ar oNerwlse modlfy amArtindoa of the sums secured by this Dad of Ttust by rwon nf any demand madc by tdc orl�inal Borrower <br /> and Ho�rower's suoasson in intaat. <br /> 11. Forre�ea�ee�r I.e�der NW a Wd�es.My forbarance by Lender in e�acisin��ny djht ar remedy hereunder,or otherwlse ifforded <br /> by appllcable law.shall not be a waiver of or preclude the eaercise of any such tight or remedy.The procurement of in~wana ar the payment of <br /> taxes or othcr tiens or chuges by Lender shall not be a waiver of l.ender's right to stcoeterau the mAturity of the indebtedness secwed b3r this <br /> Deed of Trust. <br /> !2. Re�Nia t1�a�btive.All remedies provlded in this Deed of Trust ue dlstinct and cumuladve to any other right or remedy under this <br /> ikrd af Trust or affardod bv law or eauitv.and may be eaorcised concuneatly�iadependendy or sucassivdy. <br /> 13. S�cc�on aa�A�y Bo�N:Joi�t ud Se�eal ILWIit�;G�dod.The oovenants and ajreemena bereia contaiued shall blad,aad <br /> the ri�hu hereunde*shaU inure to.ths respective successora and assigns of Lender and Boaower.subject to the Drovleiom of paryraph 17 <br /> txreof.All covenants and aareemvnts of Horrower stWl be Jolnt and aeveral.The captlons and headin�s of the paraQrspbs of thb Deed of 7Yust <br /> are for conven9aroe only and are not to be used to intarpret or deftae the provlaiuna haeof. <br /> U. NoUoe.Bxapt for u�y notice requ9red under appilcable law to be Qivea in another manner.(a)any aotia to Honower provided for in <br /> this Deed of Trnst shall be g3ven by mailins auch notioe by artifiod m�il addrased to Borrower at the ProDerty Addreu or at such otha�ddra� <br /> as Bonowet may daipute by aotia ta Leadu as providod hereln.and(b)any notice to Lender stsall be�iven by ardfied mail.rewrn naipt <br /> rcquestod.to Lender's addras atated hcrein or to such othe�address u Lenda may designate by notice to Borrowa as provldod hereln.Any <br /> notia provided for in this Deed of Trust ahaU be deaned to have been Qiven to Bonower or Lender when pvm in the ntanaer daiputed here�a. <br /> 1S. Udtorm Dad of Tro�1;Go�enl�Lw;SerenMYtY.'Ihis form of dad of trust wmhiaa un9form ooveaaat�for aatlonal ase and , <br /> nan-unlform coven�nts with limitod variations by jurisdiction to constitnte a uniform aecurity instnuaeat rnvering ral property.'Il�is Dad of � <br /> Trust sdW be govemed by the law of the juriadlction in which tho Property 3s located.ln the eveat that sny provision or elause of thi�Doed of <br /> 7Yust or the Note conflicts with applicable law,such conflict shall no4 affect other provisions of this Dood of Trust or the Nou which esn be <br /> givrn effect without the conllicting provIsion,and to this end the provisions of the Deed of Trust uid the Note ue declared to be severabk. � � <br /> - =- : '_ <br /> 16. Sonower's Copy.Bonower sltall be lumishsd a conformed copy of the Note And of this Deed of Trust at the time of raceCUUOn ar •-_ –. <br /> � <br /> after�ecardation hereof. <br /> ]7. Tnrler oi tre Property;A�wsptlo�.If all or any part of the Property or an interest therein is sold or uansferred by Borrower ` � <br /> K�thout Lender's prior writtem m�sent,excludiag(a)the creation of a lien or encumbrance subordInate to this Deed of Trust,(b)the creation of ' ____ <br /> a purchase money security interest for household appllanas.(c)a transfer by devise,desaat or by operation of taw upon the death of a joint ,_ <br /> tenanf or(d)the gant of any leasehold interest of thra years or less not couwining an option to purct�se.Lender may.at Lendu'e option, ; — <br /> declue all the sums secured by this Dad of Trust to be immedintely due and payal+le. L,ender shall luive waived such optioa to aoalerate if, '� <br /> i� <br /> prior to the sale or transfer.l.ender and the person to whom the Property is to be sold or ur�nsferred rach a�rament ia wrldru that the credit of <br /> � such person is satisfactory to Leader and that the interat payable on the sums secured by this Dood of Trust shall be at such rate ss L.ender ahall <br /> request. if Lender has waived the option to accelerate provided in this pua�raph 17,and if Borrower's succsssor in interest has eaecuted a j <br /> written assumption agrament accepted in writing by Lender, Leader shall rele�se Borrower from all obligations under tltis Deod of Trwt and { _ <br /> the Note. . " <br /> lf Lender exercises such option to accelerate,Lender shaU mall Bonower nutice of aoceleration in accordance with paragraph 14 hereof. �' <br /> Suth not�a shall provide a period of not less than 30 days from the date the notia is mailed within which Borrower msy psy the sums declued <br /> due. If Borrower faiLs to pay such sums prior to the eapiraUan of such period. Lender may,without further notia or demsuid on Borrower, �".��� <br /> invoke any remedies permitted by puagraph 18 heteof. � � ' <br /> NON-UNIFORM CUV�NANTS.Borrower�nd i.ender further covenant and agree as follows: . <br /> ls. Accelersdo�;Resedies.Faocpt s pro�We� t�p�npf�Y l7 hereof.apoe BorrowePs Me�e� ot ur cm�eaut or�t oi <br /> Horrower i�tM�Dai of Tr�st,ind�di�tre eo�e�s�b to p�y wtic�d�e aay sami sec�red h tW�Deed of Trrt.IRMer lelor to�cedasdw <br /> alu0 eH wdoe to Sorrower�u provided 1�p�r�api 11 Yereoi roedf�i�:(I)tt�e brac�;[2)t�e sctloe reqoired to are scb bre�ert(3)t <br /> dste.ao!le�Wu 30 day�lrom tlie d�te of wUce b m�lkd to aorrower�by w�d sach bre�ma�i 6e car=d;sad(q Umt iai�+e to cu�e e�cli <br /> boaeU o�or refore drc+�te s�edfk0 i�the�otloe aq r+adt i�s�eekrado�ot Ue s��s�ee�red bY ttik Deed ot 7Y�t a�d ale o(t�e tno�ty. <br /> 11��otke�MII tvt�er Wor�so�rower ot the ti�t w relrlate dter accelentlo�ud t�e e�Yt to brly s eo�rt acUo�to aMert t�e w�- <br /> aike�oe ot�dela�it or uy otler iKere ot Dorrower to�ooekratlo�ud�le.I1 tie breaeY i��ot c�re�o�or befo�e t�e ite�dtleA i�tLe <br /> �otice.I,e�der at Le�der's o�tlo��q dechre�ot tre wrs�ee�t�N by tiik Deei o!Teat to be IoeiMitd7��e�Y p�labk wllb�t trtltier <br /> desasd ud may io�oice tYe power ot uk t�d uy otrer reserlea ptrmitted by spptlabk Isw.Lesder s�all be e�tltkd to colket aU reasoeabk <br /> costs��d ex�ciues i�crrred is p�rs�t�tre resedks provlded la t�H p�ra�rap�is,iuindls�,bni aot Umited to.rwonbk attotaey's tea. <br /> if tre'ower o1 aie is i��ated,Trrsta sw0 recor�a wtloe ot detta7i i�e�c1 cor�tp Is wlkY tle PmOerty or w�e pul t�ereo!b loc�ted ,_- --, -__ <br />. atd sratl�sN to�les of soc�wtice i�tUe su�er prescrlbed b���pable law�to Botrower�nd to tbe otler peesor praedbed br�PP��� • <br /> hw.Atter t�c 1�/�e af wc6 Wme ti m�y be rtqrirtd br s�pYeabk hw�.Trtitee sbu dre prW1c�otla oi ak to tre oerw�a�d i�ttie su�er <br /> pre�cdYeA ry��/YeaMe hw.Trdke.wit�ost de��sd w Rotrower,s�W�ell tre PropertY it pabiic��etlo�to tlie rf�est 6idder�I tYe ti�e <br /> u��bce ud�Mer t�e terau deaipaled U Ue�oHce ot de I�ose or more parab�ed is ncb order a�Trrsta s�y deter�l�e.TnsLa�sy ' <br /> postpoet sale of aN ar�sy parcel ot tre Fwocrry by p�61k uw��cemed tt the tlme snd place of�ny prertorsiy ecred�led�ak. I,eeder or <br /> t,e�Qer'e Qesl�e�Ay p�+rcYase[re Pro�erty n fey eak. � <br /> LU�o�recel�l 01 Nf�est of trt Prlet Wd.Tratee r6ail dell�er to Nt p�rcha�er Trnstee'e dttd conveyis=tbe Property sotd.7be reNWs In <br /> tbe Trutee's Oeed e�all be Prtiss f�cie evldtsce of tbe tntb ol tYe eLteeeet�mtde tberele.Tnulee eAdl�pply tAe proceed�of tse ede fe the <br /> foilowie�oMtr:(�)to�0 re�w��bk cosb trd expee�es of t1e eale.incl�dlet,but eot Ilmited to.Tr�+tee'�iees ot eot more tA�e __3__�b ti <br /> oi ll�Rro�s u1r�fce.rruoe�bie�ttoney'e fets anA cosv oi tiile evldeece;(b)to dl sums secured by IAb i?eed ot'I'rash and(cl tbe excess,it � <br /> �ny,to 1Aie persos or oerxoro lctally eetlikd lbereto. ' ;°� <br /> ' 19. l�otroKer's(tiRht to Reidttatt.►Votwithsta�ding I.cnder's ac�elerauun of the sumti srcuied by this Deed of l ru�t. Horroµcr shall ha�c - • -� <br /> : the r�whs tc�ha�e any Trncce�fing:he�un hv{ ender tc+enfurcr Ihi4 I)teJ nf Tru�t di�,.�mtinued a�:�ny�ume pn��r te.she eatlrer to orrur i�f lil the <br /> I�trh da�hrfare ihe sale ut tMe Prnt►crtv pur�uant te�ahr puwer�f tiAle u�nrunc�i�n this t)ec:t i.f'Iruti���r Uii cr�!n ol a�udgment cnfurcing th�� <br /> i>rPd�.I iiu*.� if 1;�)Hn�ruv�cr �r.i��• 1 rr�dcr aU �.wi„uhrch wuutd hc �hen Aue undrr rh�, I)cr�i e,t In�tit �hf• N�+te anJ ni,te� �c�unhR }ut��rc <br /> . .___.J <br />
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