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<br /> _i.===--=-T� .� � . -. .; � ` . ; . ._; �. �. : �4-- i4� � � � � �
<br /> — - — � �!. Co�W�sfion.Tfro proceeds of any dw8rtl er Cla�m br darriages.direct or con�tial,i�cpnrncfbn y�iM�my
<br /> - _ condemRaUOnoroMertakingolthePropeny,orp�rtthereel.ortortonveyaneemlieudton�mnsiior�ar�MnbyaWipn�d
<br /> '� antl f1�at1 De paid to Lender. �
<br /> �T;-���.r. tn the event of a totat qking ot the Properry.the praeeeds sha�l beapplfetlto thesums�C�uW by this t1N0 otTnq�wilA � --Y-
<br /> :��:w-�s t,�, tne excess,d any.D�iO ta Borrowar.tn the event ot a pt�ckat taicing of!hs Proparry.unl�s�Barrow�r�nd L�KNr otl�rwia� �_�:g�—_
<br /> ==�� ��.��::; ',•��.�.� agreeinwn4ng.thereshallEeappli�dtofhesumsascuradbyMisOeedofT►ustsuchpraportionoHMproce�ari�pwlb �.F =
<br /> : �.:� �•:,„ thatproportiortwhichlhasmouMOtthesumsaecuredbythis0esdofTtuatimmadfaMypriortotlf�daNOfLYdrq6MflID1FM ��.,a.x.,:_,..=-
<br /> -- �.F°=r;�-:Y�; fair marke�velue otlhe AtDpe�ty i�ttmeQiatety prul�to the date a!tAking.wtth the balsnCe 01 ffie OrOCNds prid 10 BOrtows� � -:u
<br /> `•=-.,:--=x
<br /> . �:--•. •:.,..-.;^-_..�� If ine Properry isabfndoned by 8onower.or�L after noUCe Oy Lender to Borcowe►thatthe condMn�wro(krsq makfan = .y�:��,_.
<br /> award or settle a claim for dsmage�,Bdrrower lsiis to rospond to lender wdhln 3Q days atler fAe dN�suCh notic�is tn�Nd. _,°.;�_-
<br /> "-`, ' � Le�der�sauthorizedtocollectandapptytheproceeds.etlent�er'SOpbon.eithertorestontionarep�irofU�ePropsrryarto, :.��
<br /> • .:.t' the sums secuced by th�Deed ot Trust �
<br /> �.:_` �- • - r-. :-a UnlessLaidetantJBorrawerotherwiseagree�nwritinp,anysuchapplicationofprorxedstoprinCipslsh�ltnote�dor � -
<br /> � � - `-'��`� ""' � . postpone the due date of Me monfh! insfa8ments referred to in
<br /> -�z� V �� Y paragraphs 1 and 2 heraot or chanpe tAe amaurri of�uch . -
<br /> � it�3filltt�er►ts. - .
<br /> _ ;;. � � 10. dorro�rsrNotltNawd.ExtensionofthetimetorpaymentamodificationofamoAitabonoifMssumsaacuredbytMs - �
<br /> t,� ` - . Oeed ot Trust granted by lender to any successo►m interest of Bonower shall not operale to rska�in any rt�qn�r,th�
<br /> •.'�. :� . ` Iia6itiryoftheonginatBorrowerandRorrower'ssuccessorsinterestLendershapaotberequitedtocommenceprocs�dinga 1 . ,
<br /> ' �� , '. ,• against sucR wccessor or retuse to exeend dme tor payment or otherwise madity amatinUon of the sums secu�sd by Ihfs . ..
<br /> � - ' Oeed of Trust by rcason ot any demand ma�e by Q�e originaf 8orrower antl Borrower's succas�ora in inlsraL �.:: '�`; .�-•.
<br /> `�' � � � it. For�ano�bY L�neNr Ne!a Walwr.Arry torbearance by tender in exerci3ing any ripht or remedy heraunder,or �
<br /> . �- , _ ,..
<br /> �• �_ . othe�w�se afto%d by applicabte taw,shatt.not be a waiver of or preclude the exercise of any sucA ri�ht a�emsdx The
<br /> . _ . . procurert�rltofinswanceofthepaymentoitaxesorotherGensorchargesbyLendershallnotbeawai�ofLenOerstpMto �' �
<br /> . . -� .
<br /> : , _ - , accelerate the maturity of the indebtedness secured Dy MIs Deed af Tiust � - � .
<br /> . .,;,`:::: _:�..�.,.:.y, : . �,: . � 6vetoanya�Mernghtor .
<br /> 12- RMMdNs Cuaw�Yw All remedies provided in this Deed of Trust ate disdnCt and cumula' �
<br /> • eir�edyun0erthisOeeOofT�ustaraffordedbylawarequity.andmay6eeuercisedconcurrently.independer�Myor a�vely.
<br /> '• "'f:'=���- '. 1�.Su�c�orsandA�Ip�sea�d:JairnandSwrrd a�aementshe�eincon�irbd �.._ ._•`-.:;
<br /> - �•;��•r._. L(slJi�ly;Cs{Wa�s.Thecovenanbend
<br /> ;. • -_•.:�:,�:.;�.:.. .,. E r :
<br /> . shallhind.andtherightshereundershallinu�eto,MerespectivesuccessarsandassignsotLenderandBonower.auDjectto � s , :;
<br /> >:>�,,,.,.: , de
<br /> t theprovisionsotparagtaph17he�eotA1lCOVenanlsandagreementsofBonowe►sha11bejointandseverebTt1ecapfionsand f ... .�
<br /> � ,: • � hesdings of the paragraphs of this peed of Trust are tor convenience only aod are not to be uaed to interpret or define the t�- `'
<br /> , �. ' ,:; Pmvisions hereo� ' . :
<br /> � � t1. NM1e�.Exceptfor8nynoUcerequiredundetapplrCabtelawtobegiveninanothermanner.(a)anynodcetoBonowe� ;' . :r��„`-. `
<br /> _ _ providedforinthis0eedo(Trustshatlbegivenbymailingsuchnoticebycerti}iedmailaddres9edtoBorroweratthePmperty •
<br /> � ''- � ' Address or at such othe►address as Boaower may designate by notice to lender as provided herein,and(b)any nodce to � �� �::;:.;�"`.'
<br /> � ,_ tendershaltbegivenbycertifiedmad.�etumreceiptrequested.toLen�er'saddressstatedhereinartt�suchoMe►addressas ' ' ``�''�"
<br /> , • Lendermayde�ignatebynoficetoBonowerasprov�de0hereirt.AnynoticeprovidedforinlhisDeedofTrustshattbedeemed � "f�-�.�;'`� l
<br /> . . to have been given to 8orrawer or Lender when given m the manner designated herein. -
<br /> ___--.. - ,--- ��� - __- - ' -- '?4�"�teQaesit�!td�t�ee-Tr�starand�er.etirJacyce�uesithatacopyofanynnticeoidefauftandnot►eeotsatemadeor - —
<br /> , � . executed by the trustee pursuant to the provisions hereof be sent to the Trustor and Bene(iciary atthei�►espective mailing � • '•
<br /> , � .. ;;';,,.:: ' ° addresses aet forth above." i ��;�.:;;;�' ..
<br /> '"��•+• : �� �+ 15. Ueilonn�eM ot Tnrst:Gov�ming Law;S�v�►sbiNt�r.The torm of deed ot trust�pmbines unitorm covenants for _::: �:;:-:,._;
<br />___ _ _--._,-_:, .;_��:, nat�onaf u�a and nan-un�t��;�ti��,;vnnants with fimi�ed vananons by�ur�sa�ceon to ca�4s*.:tute a unitortn secu�it�r Instrument �'��'';:'`
<br /> . . • ' . •�'•+ covering real property.This Oeed ot Trustsha0 be governed by thelaw of the juriscbcaon in which the Property�s IoCated.In � �
<br /> ' ` � ` the event that an rowsion or clause ot this Oeed of Trust or the Note conflicts with applicebfe taw,such conilict shalt not
<br /> . � , ,s ,
<br /> - , -----�--���- •:4�-'���-.:1!' atTectotherprov'�ionsoflhisDeedofTrustortheNatewhichcanbegiveneNectw�thouttheconftictingprovisio�s,andtothis ' � � � �
<br />� . � end the prwisions o1 the Deed o!T�ust and the Note are dectared to be severabte. • •
<br /> _. +,;::�: _' 16. Ba►owN's Copr.Borrawer sha0 be fum�shed a contormed copy of the Note and of this Deed of Trust at the hme o!
<br /> � execution or atter recordation hereof. •
<br /> � , , 17. TnniNr ollh�PropeAy:AssumpUon.If atl or any part of the property or an inte�est therein is sold ortransterred by '
<br /> • . BoROwerwithoutLender'spnorwrittenconsent.excluding�althecreafionot�lienorencumbrancesubordirratetothisDeed
<br /> ofTrust,(b)thecrea6onotapurchasemoneysecunrymteresttorhousefioldapplianF�s,(c)ahansterbydevisedescentorby
<br /> � • operation of law uportthedeath ota joimtenantor(d►4hegrantot anyieasehold irfterestoffhree yearsorfess notcontainingan
<br /> i ' • ;,, • option to purchase.Le�der may,at Lender's opt�on,declare all the sums secured 6ythis Deed of Trustto be�mmediatelydU9
<br /> �`� •::�:•:,.�;�� and payabte_l.c�der shall Aave warved such apUan to acce�erate d,pnor to the sate or transter.Lender and the person to � •
<br /> whom the P►Operty rs to bo sotd or transferred reach agreement m wr�ting that the cred�t of such person is satistactory to • ,
<br /> �-� ; ', tenderandthattheintarestpayabteonthesumssecuredbythis0eeaotTrustshatlbeatsuch�ateaslendershallrequestlt
<br /> :. • '��:',;', , . Lenderh8swaivedtheoptiontoacCelerateprovidedinthisparac�raphl7.anddBorrawer'ssuccesso�inmteresihegexecuted • �
<br /> � . . � a wiitten assumption agreementaccepted��e wnt,ng by lender.Lender sha11 retease Horrower trom atl obllgatfons underthis
<br /> ;, � �i , , Oeed Of T►ust and the Note. �
<br /> - � . . • If Lende►exercises suCb opt�on to acceterate,Lendef shatl mail Borrowe►notrce of acceferation m accordaRCe with � '
<br /> ' , ' pa►agraphl4hereof.SuChnoticeshatfprowdeapenodotnotlessthan30daysfromthedatethenoticeismaitedw�tts;nwhiCh
<br /> ,, •, ... ,
<br /> .._,... _.;;i,.! . ,� Borrower may pay the sums decl8red due.!f 9orrower}aQS to Day such sums pnor to the expuation ot such pe�rod.Lender •
<br /> � , , may,w�thout fuAher notiCe or demantl on Borrower,mvoke any remedies permitted by paragraph 18 hereot.
<br /> ' '��� .'�- ' NW�t•UN1f0RM COYENANTS.Borrower and Lender tuAh�r covensnt and agres�s follows: '
<br /> 70. AceNKatlon;R�di�s.Except as prnvided in paragrapb 17 hereof,upon Borrower's breaoh of any covenant or
<br /> , � agreementolBorrowe►inthiSDeetlofTrusL�ncludmgtnecovenantstopaywhendueanysumssecuredbythisDeedofTrust. ,
<br /> • . Lende►priortoaccelerati0nshallmaiMoticetoBorrowerasprovided�nparagraphl4hereolspecitying:(1)thebreacA:{2�the � �
<br /> ; : ::�,�:.,,• � • actionrequiredtocuresuchbreach:�3)adate.notlesslhan30Aaysfromthedatethenot�ceismailedtoBonower.bywhich
<br /> = suchbreachmustbecured:and(4)thatfa�luretacuresucnbreachonorbeforethedatespec+fiedinthenot�cemayresulUn • '
<br /> •ar�celeration•o1 the sums secured by th�s Deed ot Trust and sale ot the Property.7ne not�ce shatl turther intorm Borrower olthe ��".
<br /> � . .. nght to relnstate atter acceteration and fhe right to br�ng a court action to assert the non-existence asf a default or eny other
<br /> , . , defenseolBorrowertoacceferationandsale.�#thebreaCh�snotcuredonorbetorethedate9peCifiestinthenOtice,Lenderat '
<br /> �,� :_ Lender's option may declare all of the sums secured by th�s Oeed o1 Trust to be�mmediately due a^.c!payabte without turther � ,
<br /> ;� demand and may�nvoke the power of sate and any otAer remed�es perm�red by applicable law.Lender sh811 be en5tted to
<br /> • �, collecla0reasonabtecostsau��expensesmcurredinpu►sa�rtgtheremed�esprov�ded+�theparagrapbl8.including.butnot ' '�
<br /> -. _.. .� , lim�ted t0.reasonabte attomey"s tees.
<br /> 1•'7";;` ��� � H the power ot sale is invoked,Trustee shau record a nobce of Aelault in each counry in wfiich tt�6 Properry or some part �
<br /> � � thereoftslocatedandshatlmaQcop�vsatsuchnohceinthemannerprescnbedbyapphcabtelawtal3vaowerandtotheother
<br /> _ . �. • " ' , peraons prescribed by appticab►e taw.Afte►the lapse ol such t�me as may be reqaired by appticab:e�aw.Trustee shall giv� �
<br /> _ _ , ;�': ., pubpc notice oi sate to the persons and in the manner prescribed by applicable law.Trustee,wlthoutdemand on Bo►rower, �
<br /> - • 4��< � .. � sha11se11theProperryatpubbcauctiontotheh�ghestbidder�tthetimeandptaceandunderthetermsdesign8tedinthe�ottce
<br /> — ..:.,:��..,,: .
<br /> ',��;-'.,��,:•;r;�^ -.,-s�.., ot eele in one or more parceta and in such order as Tru�tee may delemttne.7rustee may postpane sate of at1 or a�yparcel ot � .
<br /> ���;,; ;:•_ the Property by public announcement at the t�me and pface o1 any previously sct►eduled aale.Lender or Lender's deaignee
<br /> >t may purchase Me Property at any aale. �
<br /> .7°��_ : .. Uponreceiptolpaymentofthepncebid,T�usteeshatldelivertofhepurchaserTrustee'sdeedcanveyinglhePraperysold.
<br /> � � Therecitat9intheTrustee'sdeedshaltbepnmafacieevidenceotthetrutho}thestatementsmadetherein.Trusteeshell8pply
<br /> �"1= �rwM��.�-��:'; theproceedsoiMesaleinthetoltowingorder.(a)toati�easonablecostsandexpensesoltheaale.inCluQing,butnollimite0to. �
<br /> .� '�` :;?;.• Trustee'steesofnotmorethan �siofthegrosssateprice.reaaonabtealtorney'sfeesandeo�bottWeavldence:
<br /> F� - ;� (b)to all sums aeeurcd by thiy peed ot TrusC and(c)the excess.d any,to Me person or peroon�Iegelly entitled therete, �
<br /> 1f.sonow�'�NIOM b RNMfat�.Notwithstanding Lander'a acceieraticn of the suma securad by this Oeed ot Truat�
<br /> �n.+ -- BonowarohallhaveMierlghttohaveanyproceedingsbegunbylendertoentorcethsDeedMTaatdi�tcontlnuedaturytlmc .� ' ��•
<br /> - . cl�u t(j entry o!a udg eaf elorc ng�Si lor�a TwsU�)rBotp iower pays ttLeM�er�sumsr�ihlch w�oub bet�en d� .
<br /> . � under Ihi�CeeO of'freist,the Nob and notes seaurtng Fu[ure Advances,i1 any,fiad no aceetaradon oceurad:(d)Borrower '
<br /> �-- eurq all brsaches of any other covenant�or agr�ements ot 8onower confalnad!n this ONd otTrust(c�8orrowa pays�II
<br /> `�, re��on�bl�e�cp�n�esincuRedbyLenderand Trusf�eniorcingthecovenantsandagrsemsnb W 8orrowercontain�dlnthis
<br /> �; �e�dMTrustand in eMOrting Lender'aand Truateee reme�fiesasprovjdedin puagnph 18ffK�ol,including,butnofthniled
<br /> �� , to.rwonablaatforna�r'sfaexand(d)BorrowerfakessucbacUonaslendermayraalonab�yrrqWroto�swrfthatthstienof � .
<br /> this ONd M Trust,��ndsYsinterest in the Properry and 8orruwer'a obligallon lo pay the sums aecuredby fhia p�p}Truat •
<br /> _ shallconNnueunUnpdred.Upon aueAPaymentandcurebY�rcower.fhis QeeOof Tn,standtheohllgafipnssecurod hereby
<br />_ - . . atwN rNnaiA in tuH to►ce and ellect a!il no aeeelenUon had accurred. � '
<br />
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