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, •:I' A �� ' •. �r`M1• . •,t' t`'�'1 -__�_ � _ _-__
<br /> . 94,
<br /> - �.�.��.� ' 1b�.i�4
<br /> Y. CondMnnalioe. The proceWo ol any�w�rd or cla�m for dam�lqes,duect or consfqwnt�al.In Conn�cdon wdh�ny
<br /> cond�mnrhon a olhK tak�nq ol th�Property,or p�nthK�of,or fo►convtydnq�m li�u of Cond�mn�qon.a►�hM�by a�slpMd
<br /> md sh�il bt p��d to LMWr.
<br /> - In the�wnt ol a tolat Nkinq oi lhs Propnty,th�procs�dt sh�11 be appUSd ta ths fum�s�cund by fhl�DMd of Tn�N,with
<br /> , Ih��xas�,l!any,p�id lo Barow�r.tn the w�nt ol��arual taklnq ol th�Proprrty,unt�ss Borrow�r�nd I,�n�t tAhKwlw
<br /> - � .�•-_. aprNinwriun9,thenshallM�ppu�dtoMNSUm�s�cundbythls0�sdofTru�tsuchproportlonMMt�p►ocMd�ul��qwiW -
<br /> •3�`'• � " ' " lhatpraportianwhlchth��mountollh�aums��cur�dbylhiaDNdnlTrustfmm�di�tNypriortoth�datsolt�klnpbNnto�
<br /> . �' ''°'• IaU m�rk�t vaius of Ih4 prop�Ay fmmW i�iNy pda ro Ms daf�of U1kNtp,w�th th�b��anC�of the procNdt pald to 8ottowK.
<br /> . aJ,,�.;.:,,�,, • If tM Propeny is�D�ndon�d by Horrow�►,or if,aM�r not�c�by L�nd�r to Borrow�►th�t th�cond�mnor ofNrs ta mak�an
<br /> � +w::'•-.�:_- .�. award or sHtl�a claim fa danu�q��,6orrow�r I��is to nspond to Lsnd�►wrthln 30 days aflN the daN wCh noHCS Is m�iNd.
<br /> " �;-' �' °•;� lsnder�a authonzed to coltect and apply the proceWs.at L�nd�►'s ophon.dthK to rytonuon or►�palr of th�Propsrty ato
<br /> ,. ' '�..,;,;�f�,��.:� thr sums s�cunc7 by this DMd ot Trust.
<br /> � - Unl�ss Lend�r and Borrow�r otharw�se aqr�e in wnting,any such appticaUOn ot prxs�d�to pnncipal shali not�xbnd or -_.
<br /> _ .�Y� �- po�tpone th�du�dri�of fhe monMly in�blim�nta rNarnd to in panyraphs t and 2 hK�of or chanqe th�amount ot such ���
<br /> �-� ;, ., mttsllmenta
<br /> --�_,�„�.�;�.,,, . .;�� .,, 10. Boaow�►No1RN�as�d.Extena�onofthsUmeforpaymentormoddicat�onofamortizetionofthssumsfscur�dbythis
<br /> --�_n� Deed of Truat qra�tsd by Lend�r to eny auccessor in Interett of Borrower shell not opents to release,in eny manner.Ms
<br /> ---_-"^Y`�~'�'�_'� • liabillty of 1he orlginai 8orrowsr an�Bor�ow�r a�uccessors�nterost Lender sh�ll not be reqwred to commence procMdings ---__ _�_ ._ _
<br /> - "►"'�°"" '�"' '" ay�inat such suc�euor or rofuse to�xtend time for payment or otherwlss modify amortlz�tlon of the sums s�cur�d by Mia --
<br /> �=•• !�"' �" �• . • •• W W of Trust by re�w�of any demand made by th�orfyinai Borrower and Bor�owaYs suce�uora in inMrKt �
<br /> ��, . 11. Forb�ua�c�by L�ndw No!a Waiwr.Any iorbearance by Lender in exercisin�any riyht or remedy h�reund�r,or
<br /> � otherwisa attorded by applicabl�Iew,shall not be a wawer of or prectude the exercise of any such ripht or remsdy.Th� �+�.w�-�--�-
<br /> ;;�`'~ . . .�i• prxuromentotfnsuranceofthepaymentoftaxesoroth�rlienaorchargesbylendsrshall�otb�awaiv�►ofL�nd�r't�lphtto �
<br /> accelerate ths matW�y ot the mdebtedness secured by thfa Deed of Trust `a�:_e.,,
<br /> 1�. R�m�dhs Cw�wlaMw►AII rsmedies provlded in thla Oeed o1 Trust are distinct and cumuletive to any other ripht or �"�''4`'
<br /> ,,.': • ` remedyunderthisDeedofTruatoraBordedbyleworequiry.andmaybaexercisedconcurrendy,ind�pendendyorsucceselvely. �;��..
<br /> 13.Stue�s�ors�nd�0ound;JoiMa�fSw�ralWblMl�;Csptlw�s.Thecovenantsandagr�mentshereincantained �-��,+___
<br /> shall bind,and the riphts hereunder shall fnure to,the respective succeasors and assigns of Lender and Borrower,subJect to ,., ,s=�_
<br /> the prov�sions of paregraph 17 hereof.AII covenants end 4yreements of 8orrower shall be jointand several.Thecaptions and '��M_ ;i:.
<br /> • headings of the paraq�aphs of this DeQd of Tru�t aro for convenience only end a�e not to be uaed ta interprot or define the -- ��-„z. � —
<br /> provisions hereof. �_
<br /> 14. Notic�.Exce t tar an nolice ra uued under a t�cable Iaw to be �ven m another manner,a)an not�ce to Borrower "'�-
<br /> P Y 4 PP 9� ( Y � .':ta:
<br /> prov�ded for in this Oeed af Trust shall be given by mailing such notice by cert�fied mail addressed to Borrowet at the Property `�_
<br /> Address or et such other address as Borrower may designate by notice to Lender as prov�ded herein,and(b)any notice to --•----
<br /> lender ahelt be given by certified maU,retum receipt requested.to Lender'saddresa stated herein or to auch other addreaaas ► .L''R'" -
<br /> Lender may desiqnate by notice to Borrower as prowded herem.Any not�ce provided for in this Dead of Trutt sha�t be deamed ���<«Y.:: -� "—`-
<br /> to have been given to Borrower or Lender when g�ven in the menner designated herein. •� �'�
<br /> •14.1 "Request for Notice.Trusbr and beneficiary request that a copy of any nohce of default and notfce ot sale made or 'A ' �
<br /> executed by the Trustee pursuant to the provisions hereof be sent to the Trustor and Benefic�ary at their respactive madiny '��=
<br /> addresses set foRh ebove." -7`�'`�
<br /> 18. UnNorm DNd of T�uN; Gov�reinq Law;S�wnblNty.The form of deed ot trust combinea urntorm covenants for , T • —
<br /> nat�onal use and non-umform covenants w�th Iimited vanetions by�unsdiction to constitute a unitorm secunty Instrument j. ,, • �"
<br /> covenng real properry.This Deed of Trust shall be governed by the Iaw of the�unsdiction�n which the Property is Iqcated.tn f ���.
<br /> the event Ihat any provision or clause of this Deed of Trust or the Note conil�cts with applicable law,such canfl�ct shall not F ' - �:
<br /> afteCtotherprovis�onsoflhisDeedof7rustortheNotewhichcanbegiveneHectwithouttheconflictinqprowsions.andtoth�s t '—:
<br /> end the prov�s�ons of the Deed of Trust and the Note are declered to be severab�e. � `
<br /> 18. 8otrow�r's Copy.Borrower shall be furmshed a conformed copy ot the Note and of this Deed of Trust at the t�me of t *'
<br /> exeCUtion or afler recordaUon hereot. �
<br /> , 17. Tr�nsl�r of th�Prop�rtr;AssumpNon.If aII or any part ot the property or an mterest therein�s sold or transferred by
<br /> Borrower without Lender's pnor wr�tten consent,excludmg 1a)the creatton of a lie�orencumb�ance subordin3te to this Deed
<br /> ; of Trust.(b)the creation of a purchase money secunry�nterest for househotdapplianr,@s.(c)a transfer by devise descent or by
<br /> operation of law upon thedeath of a jo�nt tenant or�d)the grant ol anyIeasehold�nt6rest of three years or Iess not contam�ng an �
<br /> ) � option to purchase.Lender may,at Lendor's option,declare all the sums secured by this Oeed of Trust to be�mmediately due
<br /> , � and payable.Lender shall have wawed such option fo acce�erate�1,pnor to the sale or transter.Lender end the person to
<br /> whom the Property�s to be soid or transferred reach agreement�n wnt�ng that the cred�t ot such person�s sat�sfactory to
<br /> Lender and that the interest peyable on the sums secured by th�s DePd of Trust shall be at suCh rate as Lender shall request.If
<br /> lender has wawed the option to acceterate prov�tlRd m this paragraph 17.;�nd�t Borrower's successor m�nterest hes executed
<br /> a wr�tten assumpt�on agreement accepted�n wr�tmg by Lender.Lender shnll release Borrower trom alI obl�gat�one under this
<br /> Oeed of Trust and the Note.
<br /> If Lender exerc�ses such opt�on to accelerate, Lender Shall rr�a�l Borrower notice of aCCelerat�on m acCOrdanCe with
<br /> paragraph tb hereof.5uch not�ce shall prov�dP a penod ot not less than 30days from the datethe notice�s ma�led wrthin wnich
<br /> . Bo�rower may pay the sums dec�ared due If Borrower fa�ts to pay such sums pnor to the exp�ration of such per�od,lender
<br /> ���dy. wdho��IuAher nohCe or demand on Borrower,�nvoke any temed�es permitted by paragraph 18 hereof
<br /> NON-UN�FORM COVENANTS.Borrow�r�nd Lender lurth��c•ov�nant and aqne as followr.
<br /> 18. Acctl�nNon;R�m�dl�s.Except as prov�ded�n paragraph t 7 hereof.upon Borrower's breach of any Covenant or
<br /> � agreementof Borrower in this Deed ot Trust,mclud�ng the covenants to pay when dueany sums secured by this Oeed ot Trust,
<br /> Lender prior to acceleration shal l m��1 notice to BorrowPr:�s prov�ded�n parngraph 14 hereot spec�fy�ng:(t�the breach;(2)Ihe
<br /> action roqwred to cure such breach:(3)�dnte.not less than 30 days from the date the not�ce is maded to Borrower,by which
<br /> such breach must be cured:anA�4)thAt ta�lure to cure such breach on or belore the date spec�f�ed in the�ot�ce may result�n
<br /> �accelerat�an of the sums secured by th�s Deed of Trusta�d s.Ne of the Property TtSe notice shall turther�nform 8otrower otthe
<br /> . r�ght to reinstate atter accelerat�on and the nght to bnnq a court action to assert the non-existence of a default or any other
<br /> • detense of Borrower to ecceiernt�on end sale II the breach�s not cured on or hefore the date specif�ed�n the notice.l.ender at
<br /> Lender's opt�on mHy declare all of the sums secured by th�s Deed ot Trust to be�mmediately due end payable w�thout further
<br /> ` demilnd and may tnvoke the power of s:ile and:iny othBr rt±medies p@rmiflPd hy�ppllcable IAw.Lender sha11 be entltled to
<br /> collect aIt reasonable costs antl expenses�ncurred m pursu�ng the r�mehies prov�ded�n the paragraph 18.�ncludmg,but not
<br /> � hm�ted to.reesonable attorney s fees
<br /> � If the power of sale�s�nvoked.Trustee sh�lll record�noUCe of dnla���t m�ach county�n wh�ch the Property or some p�rt
<br /> • thereof�s located�nd shall mad cop�es vf such not�ce m the m�nn�r prescnbed 6y�ppl�cable law to Borrower and to fheother
<br /> ' persons prescnbed by appt�cable law Atter the Inpse of such t�me as may be reqwred by appl�cable law.Trustee shall g�ve
<br /> • public not�ce of sale to tlie pers�ns and�n the manner prescnbetl by appl�cable law Trustee.w�tliout demand on Borrower.
<br /> shal!sell the Propertyat public�uction to the highest b�dder et the hme and place and under the terms designated m the notice
<br /> of sale in one or more parcets and�n sucn order as Trustee may determine.Trugtee may postpone sale of a�I or any parcel of
<br /> the Propert/by public announcement at the t�me and place ot eny previously scheduled sale Lender or Lender's designee
<br /> + may purchase the Property at any saie.
<br /> ' Upon receipt of payment of Ihe pnce b�d.Trustee shall delwer to the purchaser Trustee's deed conveym�the Property soltl.
<br /> _ �:. . Thn��ndnl��n�Mn Tn.e�ua'e i1nuN chou�...n......,�.............�....___�.�_.....�_..�_""'_'_.. ...... .� ... . .. .. .
<br /> ..._.�_.._..,....._ ..__._______..........�.......................��...c..�����uuo�v�u�«aiu�cu�e��iamavainnra�n.�ruyttlC�nauaPV�Y
<br /> ' • Iheproceedsofthesale�nthefoflow�ngorder laltoallreasonablecostsandexpensesotthesale,includmg,butnotlim�tedto,
<br /> : Trustee'sfeesotnotmorethan �totthegrosssatepnce.reaso�ableattorney'sfAesandcostsottitleevidence:
<br /> Ib)to aIl sums secured by th�s Deed�t Trust.���d Icl the excess.�f any,to the person or perso�s tpgally ent�tled thereto.
<br /> • 19. BonowK's Rlpht to R�InsUte. Notwithstandmg l.ender's accelerat�on ot the sums secured by th�s Deed of Trust.
<br /> , Borrower shal I have the nght to have any proceed�ngs bequn by Lender to entorce the Oeed of Trust dfscont�nued at any time
<br /> i pnor to the eart�er to uccur of I�I lhe I�Rh d:�y before the sate of the Property pursuant to the power of sale conta�ned�n the Deed
<br /> of Trust 1��1 entry of a�udgment entorc�ng th�s Oeed ot Trust�I (a)Borrower pays Lender all sums wh�Ch would be then due
<br /> �" under th�s Deed of Trust,the Note and notes secunng Future AdvanCes,�t any,had no acceleret�on occured:lb)Borrower
<br /> k cures elt breaches of any other covenants or agreements of Borrower conta�ned�n th�s Deed ot Ttusr(C)BOrrower payaall
<br /> r reaaonableexpensesmcurredbylenderancf TrusteeenforcmgthecovenantsandagreemantsofBorrowerCOntBmedmthis
<br /> � Deed ot Trust end�n enforCmg Lentler's and Trustee's remed�es as provided in paragraph 18 hereof,including,but not lim�ted
<br /> to,reasonable attorney s lees,and(d)Borrower takes such act�on as Lencfer may reasonablv reqwre to assure that the lien of
<br /> ` thiR�eed of Trust,Lender's mterest in the Prc�perty hnd Eiorr�wer�s obliqat�on to pay the gums secured by th�s Deed of Trust
<br /> shall cont�nue un�mparced.Upon such paymentand cure by 8orrower,th�s Oeed of Trust and theobl�gations secured he�eby
<br /> - � shel�remam�n fut�force and eHect as�f no acceierat�on hatl occurred
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