|
,; _ .
<br /> ,�:�. _. _—
<br /> _ , ,��:�.. ... ..
<br /> #� -� • ,' ~}�;µ..T': ''�� � •� ` :
<br /> •�;�, :� I �!t�t��}:a•r: _
<br /> e�
<br /> _.._..�_.�.___ _ _
<br /> ....._... ._..__�----- —
<br /> — — - ._..__._
<br /> " �fAt : u sv:as,xfi+i� � ' � —
<br /> �vc..
<br /> . �W� __-� �__.---__-` '_
<br /> _— — ��Y.lf/.�.�w�i{/ �4� ����� ...
<br /> ���'•'•�� " -'�� 9. CondNnn�llan.The proceeds ol uny award or dA�m for demagei.direct or cons�pwntial,m conn�Ction wUh�ny `— - -
<br /> . A.,�;�.►b,!q condemnetionorothut�k�npotthoProperry,orpsrtth�rto}.orlorconwyonctin���uoteond�mnaUOn,�nhK�byasWqn�d
<br /> �'��,��;�" and ahall be peid to Lmd�r.
<br /> �' -�'���•�'� In!h�sveM o(�toNi tak►ng of fhe Proporty,the proceeds ahall ba appiisd to th�sums a�cund by thi�Opd of T►ust,with
<br /> the exc�ss.�t�ny,paid to Bormwer.In the�vent ol a paRial takmg of th�Property,unius Borrow�r and L�nd�r otMrwla
<br /> �,a l�' egree in wntin{�,thertahall be applisd to the�ums t�cursd by th�u Dead af Trust�uch propoAion of tht proc�sdeas ls�qual to
<br /> ^* that proport�on wh�chthe amount of the aum�tscured by this Desd o}Tru�t immWi�t�ly pnor to tht d�t�of taklnp b��nto th�
<br /> � ' fau msrket value ot the oroperty fmmed�ately prior to the dilte ot takmg,w�lh the batenee of the proceed�paid to Bnrrowsr.
<br /> . . ;, �� If the Prope�ty�s ab�ndonsd by Borrower,or if,ah�r not�ce by Lender to Borrower that th�condemnor oM�rs to mak�an
<br /> awartl or settle a claim for damagss,Borrower fatla to respond to Lender withtn 30 days aft�r th�date auch notic�is mad�d. _T
<br /> A..� Lendar�a author�ted to cottect end appiy the proceeds,a!L�nder's opt�on.�ith�r to n�toraUOn or►�pau of th�Properry or to -
<br /> �,:•. • . • ��� tne auma secured by thia Deed of Truat �+•
<br /> ����' UnlessLertderand8qrrowerotherw�seagreemwntmg,anyauchapplicationofpraceed�toprmcipal�halinotexlendor � '�:�r�. ---
<br /> - poslpone the due date ot the monthly instaliments reterred to�n parapraphs t end 2 h�r�ot or chanps th�amount of�uch �'.���
<br /> , .•� �nstailments. �:':..---_ ---
<br /> m�f:��i 10. Bonow�r Nol RN����d.Extension of the time for payment or moddication of amortizatfon of the sums tscured by this 6,��.�,,,�,F.,,.
<br /> Deed of Trust granted by Lender to any successor�n mterest of Borrower sheil not operate to reiease,�n any msnnsr,the
<br /> :���- ' liabitity of the onginai Borrower and Borrower's succeasors interest.Lender aheit not be tequired to eommence prxesdingt �
<br /> ;-,;;;r• ageinst such successor or retuse to extend time for paymant or otherwise modiry amortizatton ot the surrts aacund by this �• ��• �
<br /> �'_'-�f` Deed of Trust by reaeon of any demand made by the orlginal Borrower and Borrower'a succe�son in inte�es� _
<br /> � 11. Forb�annc�by L�nd�r Not a Waive.Any torbearance by Lender m exerc�aing any riyht or�emedy h�rou�d�r,or �.-�.�_�-.•:
<br /> -_ othsrwise attorded by epplicable Iaw,shail not be a waiver of or preclude the exerciae of any such riqht or remedy.The
<br /> procurement ot fnsurance of the payment of taxes orother tiens or charges by Lender shall not bt a waiwrof L�nd�r's ripht to � -'�
<br /> accelerate the meturity of the indebtedness secured by this Daed of Trust. ��°.�' =�
<br /> � 12. R�m�din Cumutapv�Alt remediea provided m this Deed ot Trust are d ist inct an d cumu la t iva to any o t her rig h t or �t •
<br /> remedyunderthisDeedofTrustoraffordedbylaworequiry,andmaybeexercisedconcurrently,independendyorsucCessively. =_
<br /> ,�:• � 13. 3ucc�ssassndAs�q�►s8ound;Jatnt�ndSwKaIWbINt�;Captions.Thecovenentsandagreemenbherefncontained --;�:�;i T
<br /> shall bind,and the rlghts hereunder shall inure to,Ihe respective successors and assig�s of Lender and 8orrower,subject to �``�"-
<br /> the provis�ons of paragraph 17 hereof.AII covenantsand ag�eements of Borrower shall be joint end severai.The captions and � �" � °
<br /> headmgs of the paragraphs of th�s Oeed of'�ust are for convenience only and are not to be used to interpret or deflne the � ' _
<br /> provisions horeof. ` ,"'._ _
<br /> 14. Notic�.Exceptioranynot�cereqwredynderappfica6lelawtobegiven�nanothermanne�,(a)anynoticetoBorrower �: --_
<br /> provided for in this Oeed of Trust shall be grvenby ma�Ung such nobceby certd�ed mait addressed to Borrowerat the Property �' � _
<br /> Addresa or at such other address as 8orrower mey des�gnate by notice to Lender es pruv�ded herein,and(b)any notice to - - "
<br /> lender shall be given by certified ma�I,return receipt requested,to Lender's gddress steted herein or to such other address as -•�
<br /> Lender may designate by notice to Borrower as prov�ded herein.Any notice provided tor in this Oeed of Trust shalt be deemed F-_,
<br /> ,. � to have been given to Borrower or Lender when grven�n the manner designated herein. � —
<br /> •14.1 "Request for Notice.Trustor and beneflciery request thet a copy of any not�ce ot default and notice of sale made or
<br /> ezecuted by the Trustee pursuent to the provisions hereof be sent to the Trustor and 8eneficiary at their respeCtwe mailinq ; -
<br /> addresses set forth above."
<br /> 15. UnHorm O��d of Trush,Gov�roinq Law;SwarablNty. The form of deed oi trust combmes urnform covenants for �,•;;;:�';�
<br /> ' ` nationsl use and non•urnform covenants w11h limfted vanations by�unsdiction to conshtute a untlorm secunty Inatrument '
<br /> covenng real property.This Oeed of Trust shatl be governed by the law ot the�urisdiction in whfch the Property�s located.ln f y '''"
<br /> the event that any prov�sion or clause of this Qeed af Trust or the Note conflicts wrth apphceble tew.suCh ConfliCt shall not `
<br /> aHect other provisionsof this Deed of Trust or the Note wh�ch can be given eNect w�thout the conflictinq provisions,and to thia
<br /> end the provisions af the Deed of Trust and the Nate are dectared to be severab�e. ..
<br /> 16. Borrow�r's Copy.Borrower shatl be turrnshed a conformed copy o1 the Note and of this Deed of Trust at the time of � •
<br /> execut�on Or after reCOrdahon hereof.
<br /> 17. Transf�r ot th�Prop�rty;Assumptlon.lt au or any part of the pcopgity Qr an lntere�t there�n is sald or transferred by !- ��
<br /> `� Bo�rowerwithoulLende�spnorwnttenconsent.excluding(a)thecreqyoJwta�t6n'b�rencumbrancesubord�natetoth�sDeed „ =
<br /> of Trust,(b)the creatton of a purchase moneysecunty�nterest for hausehol�i,applian�es.(c)a transfer by devisedescentor by -°`
<br /> � , operation of Iaw upon the death of a�oint tenant or(d►the grant of any leasetioltl intefeatotthree years or Iess not contammg an ,;
<br /> � option to purchese.Lender may,at lender's opt�on,declare all the sums secured by this Deed of Trust to be�mmediately due -
<br /> end peyeble.lender shall have wa�ved such opt�on to aCCeierate�f,pnor to the sale or transfer,Lender and the person to �-'�
<br /> whom the Property�s to be soid or transterred reach agreement m wnnng that the credit of such person is satisfactory to :�'
<br /> Lender and thatthe�nterest payable on the sums secured by th�s Deed oi Trust shell be at such rate as Lender shall request.Ii '
<br /> Lender hes warved the opt�on to accelerate prov�dod m th�s paraqraph 17.�nd�f Borrower's suCCessor in mterest hes executed
<br /> a wntten assumpt�onagreement accepted�n wr�ting by Lender,Lender shall release Borrower trom alI obligationa under this ,-
<br /> Deed oi Trust and the Note.
<br /> � If Lender exerc�ses such option to accelerate.Lender shatl ma�I Borrower not�ce ot acceleration�n accordance with
<br /> I paragraph 14 hereof.Such notice shal�provide a penod af not tessthan 30daystrom the datethe notice is ma�Ied within wh�ch 1
<br /> � Bor►ower may pay the sums declared due If Borrower fa�ls to pay such sums pr�or to the exp�ration of Such penod.Lender
<br /> I may,w�thout tuAher not�ce or demand on Borrower,invoke:�ny remedies permitted by paragraph 18 hereof.
<br /> � NON•UNIFORM COVENANT5.BorrowQr and L�nd�r lurih�r cov�nant and syr�e as follows:
<br /> 18. AceN�ntlon;R�m�df�s.Except as prov�ded�n paragraph 17 hereof.upon Borrower's breach of any covenant or
<br /> agreement of Borrower��th�s Deed of Trust,mclud�ng the covenants to pay when due any sums secured by th�s Deed of Trust.
<br /> , Lender pnorto accelerat�on shall mad not�ce to Rorrowerns prov�ded m paragraph 14 hereof specifY�ng�(t)the breach.(2)the
<br /> aCt�on repu�red to cure such breach,l3)a date.not less than 30 days from Ihe date the not�Ce�s ma�ied to Borrower.by whiCh
<br /> such breach must becured:and(4)that ta�lure to cure such breacn on or before the date spec�f�ed�n the noace may result m
<br /> , � sccelerat�vn of the sums secured by th�s Deetlof Trust and s�ie o1 the Property TtSe notice sh�ll further inform Borrower of the
<br /> nght to re�nstate atter acceleration and the r�ght to bnng a court act�on to assert the non-ex�stence of a default or any other
<br /> � detense ot Borrower to accelerat�on and sale II the breach�s not cured on�r before the date spec�f�ed in the not�ce.Lender at
<br /> � Lender's option may declare aIl of the sums secured by th�s Deed of Trust to be�mmed�ately due and payable wrthout further
<br /> dem�nd and may�nvoke the power o(s:�le and any other remed�es permittPd by appl�cable t�w.Lender shall be ent�tled to
<br /> s co�leCt atl reasonabtecosts and expenses incurred in pursumg the remetlies prov�ded in the paragraph 18.includ�ng,but not
<br /> hm�ted to.reasonnble attorney s lees
<br /> � It the power ol sa�e�s mvoked.Tr�stee shen record a not�ce of detauit�n eacn county m wh�ch the Property or some part
<br /> thereoi is located and shell meit cop�es ot such n�t�ce�n the manner prescnbed by appl�cable law to Borrower and to the other
<br /> . persons prescnbed by appl�cable law ARer Ihe Iapse of such t�me as may be requ�red by appl�cable Iaw.Trustee shalt gwe
<br /> public not�ce of sale to the persons and�n the manner prescr�bed by appi�cable law Trustee,w�thout dema�d on 8orrower.
<br /> ' shall sell fhe PropertyAt public auct�on to the h�qhest b�dder at the t�meand place and under the termsdosignated�nthe not�ce
<br /> ot sale m one or more parcets and�n sucn order as irustee may determ�ne Trustee may postpone sale of all or any parcel of
<br /> � the Property by public announcement at the t�me and place ot any previously scheduled SAIe Lender or Lender's des�gnee
<br /> � may purchase the Properry at any s�ie
<br /> � Upon reCeiptof payment of the pnce b�d.Trusteeshall delrver to the purChaser Trustee's deed conveyino the Property sotd.
<br /> rtie �...�e�. ..�tior..�.e�n.�o.�.��n�utio.,.�,���o��oo....�....�e..���..•....�..��tiee�.,•o...�...�...e..e.tie.�...ir ..�....etieu......�..
<br /> . . _ ....._.�. .. ... __ .... . ....... . ...... ... .............. ... .. . ..rr�7
<br /> � . . ...�....... �..._���'..�.. �. .._..... ....,. . .. .... ........ ...... .......... .�.�.v�..n.�..
<br /> f Ihe proceeds of Ihe sale�n the fol�owmg�rder�a)to au rgasonable costs and expenses of the sale,�nclud�nq,but not I�mited to.
<br /> � , Trustee'steesotnotmorethan �,ottheqrosssatepnce,reasonabieattorney'steesendcostsoft�tteev�dence:
<br /> � Ib1 to att sums secured by th�s Oeed ul Trust.and Icl the excess,�f any.to the person or persons legelly entitled thereto.
<br /> • �� 19. Bonowtr's Rlpht to R�Inst�te.Notw�thstand�ng Lender�s:►cceierat�on vf the sums secured by th�s Deed of Trust
<br /> � � Borrower shell heve Ihe nght to have any proceedmgs begun bY Lender to enforce the Deed Ot TtustdiaCOnt�nued et eny tirtle
<br /> pnor to the earhor to occur ot fn the t�fth day betore iho saie ot Ihr.Prnuurry pursuant to the power ol�ale contained m the Deed
<br /> 1 . of Trust fiU entry ot a�udgment e�torcmg th�s Deed of Trust�f (al8orrower pays Lender all sums which woutd be then due
<br /> }� i under th�s Oeed ot Trust,the Note and notes�acunng Future Adv�nces.�f any.nad no accelerat�on occured�(b)Borrower
<br /> 4 cures el�bteaChes Of eny othet COvenants ot egreements of Borrower conta�ned�n th�s Deed ot Trust:(C)Borrower pays a11
<br /> i reasonab�eexpensesincurred by Lender anc!Trustee enforc�ng the covenantsand agreementsof Borrower Conte�ned�n this
<br /> _ � � Deed of Trust and in entorC�ng Lender'S and Trustee s remPd�es as prov�ded in paragraph 18 hereof,includ�ng,butnot limited
<br /> E to,reasonable attorney's fees.and IdlBorrower t�kes such aCt�on as Lender may reasonably reqwre to assure thatthe I�en ot
<br /> this Deed at Trust,Lender's interest m the Property and Horrower s obl�gation to pay the sums secured by th�s Deed ot Ttust
<br /> r , shatl contmue ummpa�retl Upon such payment:ind cure by Horrower.th�s fleed of Trust and the obl�gat�ons secured hereby
<br /> shsll remam m lull force and eMect�s d��u 1CC�IC�dhOn h:td oCCUrred
<br /> .
<br /> ,
<br /> � _ .. . _ _1.-- -—
<br />
|