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99109373
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Last modified
3/13/2012 7:27:20 PM
Creation date
10/21/2005 12:49:05 AM
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DEEDS
Inst Number
99109373
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99 1U9373 � <br /> 18. Borrower's Right to Reinstate. Notwithstanding Lender's acceleration of the sums secured by this Deed <br /> of Trust due to Borrower's breach, Borrower shall have the right to have any proceedings begun by Lender to enforce <br /> this Deed of Trust discontinued at any time prior to the earlier to occur of(i) the f�th day before the sale of the Property <br /> pursuant to the power of sale contained in this Deed of Trust or (ii) entry of a judgment enforcing this Deed of Trust <br /> if: (a) Borrower pays Lender all sums which would be then due under this Deed of Trust and the Note had no <br /> acceleration occurred; (b) Borrower cures all breaches of any other covenants or agreements of Borrower contained in <br /> this Deed of Trust; (c) Borrower pays all reasonable eacpenses incurred by Lender and Trustee in enforcing the covenants <br /> and agreements of Borrower contained in this Deed of Trust,and in enforcing Lender's and Trustee's remedies as provided <br /> in paragraph 17 hereof, including, but not limited to, reasonable attorneys' fees; and (d) Borrower takes such action as <br /> Lender may reasonably require to assure that the lien of this Deed of Trust, Lender's interest in the Prop�rty and <br /> Borrower's obligation to pay the sums secured by this Deed of Trust shall continue unimpaired. Upon such payment and <br /> cure by Borrower, this Deed of Trust and the obligations secured hereby shall remain in full force and effect as if no <br /> acceleration had occurred. <br /> 19. Assignment of Rents; Appointment of Receiver; Lender in Possession. As additional security hereunder, <br /> Borrower hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior to acceleration under <br /> paragraph 17 hereof or abandonment of the Property, have the right to collect and retain such rents as they become due <br /> and payable. <br /> Upon acceleration under paragraph 17 hereof or abandonment of the Property, Lender, in person, by agent or <br /> by judicially appointed receiver shall be entitled to enter upon, take possession of and manage the Property and to collect <br /> the rents of the Property including those past due. All rents collected by Lender or the receiver shall be applied first to <br /> payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, <br /> premiums on receiver's bonds and reasonable attorneys'fees, and then to the sums secured by this Deed of Trust. I,ender <br /> and the receiver shall be liable to account only for those rents actually received. <br /> 20. Reconveyance. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to <br /> reconvey the Property and shall surrender this Deed of Trust and all notes evidencing debt secured by this Deed of Trust <br />�, to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally <br /> entitled to it. Such person or persons shall pay any recordation costs. <br /> 21. Substitute Trustee. Lender, at Lender's option, may from time to time remove Trustee and appoint a <br /> successor trustee to any Trustee appointed hereunder by an instrument recorded in the wunty in which this Deed of <br /> Trust is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and <br /> duties conferred upon the Trustee herein and by applicable law. <br /> 22. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's <br /> address which is the Property address. <br /> REQUEST FOR NOTICE OF DEFAULT <br /> AND FORECLOSURE UNDER SUPERIOR <br /> MORTGAGES OR DEEDS OF TRUST <br /> Borrower and Lender request the holder of any mortgage, deed of trust or other encumbrance with a lien which <br /> has priority over this Deed of Trust to give Notice to Lender, at Lender's address set forth on page one of this Deed of <br /> Trust, of any default under the superior encumbrance and of any sale or other foreclosure action. <br /> IN WITNESS WHEREOF, Borrower has executed this Deed of Trust. <br /> ..... .... . .. ......�t.'�..�..'........................ ................. .(Seal) <br /> RI HARD W. CONRAD —eorrower <br /> L, �-b�►�.c�. <br /> .. ...............................................................................(Seal) <br /> DENA L. CONRAD —eorrower <br /> i <br /> I <br /> i <br /> Form 3828 1/80 (Page 4 of 5 Pages) <br />� I <br />
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