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<br /> - . , :, , „° .;� 9. Condomna4fonFilhe pro� da of ony nward or ctalm for damagea,dfrect or concsquentlal,in connectlon wilh any
<br /> . .-� condemnat�on or oth8rtaki�p of�e Proparty.orpartthereot,or for conveyance in lieu of condemnetion,ete hsrebyatsipnsd
<br /> •'.•r.' � ' � etld ehell be peid t0 Lendef.
<br /> .,� In the event ot a total taking ot the Property,the proceeda shall ba apptled to the sums secured by thfe Deed o!Trust,wlth
<br />_ �.�'r: • ;� the excesa,if any,paid to Borrower.In the event af e paAial taking ot the Properry,unlets BOr�owet and I.�ndK otM►wise =___ __
<br /> � �' agreeinwriting,MereahalibeappUedtothesumseecuredbythlsDeQdofTrusteuchpropcnionoftheproceedsasisequdto
<br /> �.;.. _ . .-
<br /> " thetpro ortlonvrhichth6amounto4thesums�ocutedbythls0eadofTruatimmediatotypflortothodnteottnkinpbaerotothe �---------- --
<br /> 4 � � ' ;^ fgir ma et value of the prope�ty immediately prlor to the dete of taking,with the balance of the proceeda paid to 8otrower. —
<br /> if the Property ts abandoned by 8or►ower.or iR alter�otice by Lender to�orrower that the condemnor oHero to make en
<br /> �� �• aw.•rd or settie a c�aim for demagea,8o�rowe►tailato�eapond to Lender withfn 30 days after the date euoh nottce is mafled. ___- _-__
<br /> � Lender�s authorlxed to colleat and apply the proceeds,at L�nder's opti�n,elther to restoration or repalr of the Properly or to
<br /> � the sums secured by thls Oeed o}Truat. _..::._
<br /> � UnlesaLenderandBorrowerotherwisoagreeinwriting,anysuchapplicetionofproceedstoprinclpalaheltrtoteMendor "��:•-
<br /> • poatpone the duo dete ot the monthiy inatellments refened to in paragraphs 1 and 2 hereof or ahanpe the amount ot euch ��;:�::� _�_
<br /> i�steltments. ' =
<br /> 10. Bor�owerNotRd�astd.ExtenaionoftheUmetorpaymentormodifloatfonofamortizadonofthesumasecuredbythia ';';f.
<br /> ' Deed of Trust granted by LencJer to any suCCessor in interest ot Borrowe�shall not operate to releaee,in any ma�ner,the = - . __
<br /> IiabllftyoftheoNginal8orrowerand8prrower'asuccessorslnterestLenderahailnotberequlredtocommencepraeeedings ' " � ,�;_.az
<br /> ' • " agalnst such succeasor or retuse to extend time fa payment or otherwiae modHy amortlzeUon of the aums aecured by this . e�fi_ ��'�--�=
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<br /> Deed of Trust by reason of any demand made by the origi�a�Borrower and Borrower's successora In Interest .:����q�;a�;:==-
<br /> ;� 11. Forb��rancs by Ltnda Not a W�iv�r.Any to►bearance by l.ender In exeraising any right or remedy he�eunder or • �- ,,•_.,�o•i,�,�
<br /> otherwlse allorded by appticable law,shall�ot be a walver of or preclude the exercise ot eny such►ight or remedy.'�he � ���� �'•=�';�:��-
<br /> • :, procurementofinsuranceotthepaymentottaxesorothorlienaorchargesbyLendershallnotbeawaiverofLender'srightto .. '..�;«iz:��am:
<br /> � � accelerate the maturiry ot the Indebtedness secured by this Oeed ot Trust ' TM ` "'"� `.:_
<br /> _- -,- � - S2. °srrsr�lsy Camuk�iva Att remadtas pravided in this Dssd at Tros!ara dt�tinc!and cumulative!o sny ottter dght os -_.. . .: � �
<br /> remedy underthis0eedotTrustor eHordedby law orequiry,and may beexercisedconcurrently,indepandendyorsuccessively. �"�""'��
<br /> 13. SucceaonandAssiqnsBound;Jofntaad8evereiUabiNry;Captions.Thecovenantsandagreementsherelnconffiined •� �'z`:�:'"""
<br /> shall bind,and the rights hereunder shell Inu�e to,the�espective euccessora and essigna ot Lenderand 8orrower,eubjecttu
<br /> theprovisionsofparagraphl7hereof.Allr,ovenentsandagreementsof8orrowershaltbe�ointandseveral.Theceptionsand .. �� � r�'%��!tY�.
<br /> headings of the peragraphs of this Deed ot Trust ere tor convenience only and are not to be used to interpret or define the • � ,;
<br /> , „ , provlsions hereot �� � . • •a,�.
<br /> � � 14. NoNce.Excepttor any notice required underapplicabie law to be given in enother manner.(a)any notice to 8orrowe� '•�?r�' • '
<br /> + � provided tor In this Oeed of Trust shall be given by maifing such notice by certified mati addressed to Borrowerat the Propery � �, '���
<br /> Address or at such other address as Borrower may designate by notice to Lender as provfded herein,and(b)any notice to ;:-, � -
<br /> lendersha�ibegivenby certitledmaiLretumrecetptrequested.toLender'saddreasstetedhereinortosuchotheraddressas l � • � ;�rxr�
<br /> Lender may deaignate by not�ce to Borrower as pronded herein.Any notice provided for in this Deed otT�ust shali be deemed � � �±�� �
<br /> to have been given to Qorrower or Lenqer when given in the manner designated herein. I +�;���,�,���
<br /> - . ... . •14.� "R64UHA1}O►NQtICH TfUA1Af Alld bRllRflQiAl�I/Hf�t,(Hg}fI1Af A C(1�fY O}A�1Y t10}ICB O�d8}BUIt 8fld flOtICB O}38I6 fl18d8 O� � _ ___ _.i.y1 _
<br /> executed by the 7rustee pursuant to the prov�sions hereof be sent to the Trustor and Beneflciary at their respective meiUng ; � . 4.
<br /> addresses set fortn above." " '. „ �
<br /> 16. UnMorm Oeed ot T�uet;Governing Law;Severability. The form of deed of trust combinea uniform c�venanta to� �' �� �,';
<br /> national use and non-umtorm covenents w�th Ilmlted var�adons by�unsdiction to conshtute a unrform secu►�ty instrument . ;
<br /> covering real property.This Deed of Trust shalt be governed by the law of the jurisdiction in which the Propetty is�ocated.In ; `� g
<br /> the event that eny prov�sion or clause of thls Deed of Trust or the Note contlicta with appl�cabte Iaw,such conf8ct aht+ll not � �;� �
<br /> aifect other provisionsaf thfs Oeed of Trustor the Note wh�ch can be given eHect without the con}�icdng proviei0ns,end to this � „: ' �
<br /> end the provisions ot the Deed of Trust and the Note are declared to be severabte. i � . � .- (
<br /> 18. Bonowsr's Copy.8orrower shall be furmshed a conformed copy ot the Note and of this Oeed of Truat at the t�me of ; . !' 0�t
<br /> exeCUtion Or efter reCOrdetiqn hereof. �
<br /> 17. Tra�ster ot the Properly;Assumptton.If aU or any part of the property or an�nterest therein�s sold or transferred by . �_���
<br /> BorrowerwithoutLender'spnorwnttenconsent,excludmg(a►thecreat�onofalienorencumbrancesubord�natetothis0eed • r
<br /> ofTrust.(b)theCreetionofapurChasemoneysecunty�nterQSlforhouseholdappUanr,es.lc)atransferbydev�sedeacentorby ;
<br /> � . operaqonoflawuponthedeathofa�omttenantor(dlthegrantofanyleasehold�nterestofthreeyearaorlessnotconteimngan � ��•
<br /> ' option to purchase,Lender may.at Lender's opt�on,declare alt the sums secured by this Deed of Trustto be immediatelydue ' '.,,J4?�
<br /> ' a�d payabte.lender shal�have wawed such opt�on to acceterate�f,pr�or to the sale or transter.Lender and the person to � •
<br /> whom the Property is to be sold or transferred reach agreement�n wntmg that the cred�t of such person is satlsfactory to �
<br /> Lender and thet the interest payabte on the sums secured by th�s Deed oi Trust shall be et such rate as Lendar shall request,tf , �
<br /> Lende►hes waived the opUon to accelerate prov�ded in this paragraph 17,and�t Borrower's suCCessor�n mterest hes executed
<br /> . �. a w��ttan assumpt�on agreementacceptod�n wrinng by Lander.Lander shall retease Borrowe•from all obligatlons undar this ,
<br /> Deed of Trust and the Note.
<br /> If lender exerases such opt�on to accelerate,l.ender .,helt ma�l Borrower not�ce o(acceleretion tn accordance with •
<br /> paragraph 14 hereof.SuCh not�ce shall prov�de apenod of not less than 30days from the date the notice is mailed w�thin wh�Ch
<br /> liorrower may pay the sums declared due.It Borrower fa�ls to pay such sums pnor to the exp�ration ot such penoci.Lender
<br /> may.w�thout turther nohce or demand on Borrower,�nvoks any remed�ea permitted by paragraph 18 hereo�
<br /> NON•UNIFORM COVENANTS.Bor�ower end lender tuRher aovenanl and agree ea tollows:
<br /> 18. Aceelerallon:Remedfes.Except as proaded m paragraph t 7 hereot.upon Borrower's breach of any covenent or
<br /> agreement of Borrower in this peed of Trust�ncludmg the covenants to pay when dueany sums sACUred by this Deed ot Trust.
<br /> Lender prior toacCeleration Shall mad notice to 8orrower�s prov�ded�n paragraph 14 hereof speCi}ymg�(t)the breaCh:(2)the
<br /> action requ�red to cure such breach;131 a date.not less th;�n 30 dnys from the date the notice�s matied to Borrower,by which
<br /> such breaCh must be Cured:antl(d)that fa�lure to cure such broacn on or before Ihe dete spec�fied fn the not�ce may result in
<br /> - �accelerat�orrof thesums secured by th�s Deed of Trust and sale of the Properry TRe notice shall futfher inform 8orrower otthe
<br />_ r�ght to re�nstate atter acceterat�on and the r�ght to bnng a court act�on to assert the non•ex�stence of a default or any other
<br /> , detenseof Borrower to accelerat�on and sale If the breacn is not Cured on or before the date speafied�n the not�ce,lender at
<br /> � Lender's option mey deClare all of the sums ser_ured by th�s Deed of Trust to be�mmed�ately due and peyable w�thout turther
<br /> demend and may mvoke the power of s:�le and any other remed�es perm�tted by appl�cable law.Lender shall be ent�tled to
<br /> colleCt all reasonable costs and ezpenses mc��rred�n purs�nnq the rvmed�es prov�ded m Ihe peragraph 1$.�ncludmg,but not
<br /> hmited to,reasonabte attorney s 1ees.
<br /> � If the power ot sale�s�nvoked,Trustee shai�record n not�ce ot�fetault�n eacn county m wh�ch the Properry or sorne part
<br /> : thereof is located and shall ma�l cop�esut such not�ce�n the menner prescribed by apphcabte�aw to Borrower and to theothe�
<br /> persons prescnbed by appt�cable law Afler tho lapse ot sucn t�me as may be required by appl�cable law.Trusteo shall grve
<br /> publ�c not�Ce of sale to the persons and�n the manner prescnbed by appucable lew Trustee,without demand on Borrower,
<br /> shall sell the Property atpublic auct�on to the h�gnestb�dder at the time and placeand under theterms designated�n the notice
<br /> oi sele in one or more parcels and�n such orderas irustee may determ�ne.Trustee may postpone sale of all or any parCel of
<br /> � i�e rroperty oy puoiic announcement at tne nme ano ptace ot any ptev�ousiy seneoutc3a snie.�ender or�enoer's designee -
<br /> � may purchase the Property at any saie.
<br /> Upon receipt o}payment ot the pnce b�d.Trusleeshali delrver to the purchaser Trustee's deed conveymg the Property sold.
<br /> The rea�tals�n the Trustee's deed shau be pnma 1ac�eev�dence ot the truth of the statementa mede there�n.Trustee shall apply
<br /> � IheproCeedsofthesaleinthetollowingorder ca1loeilreasonabtecostsandezpensesotthesale.includ�ng,butnot4mdedto, -
<br /> � Trustee's fees of not more than °%of the gross sale pnce,reasonable attorney s fees and costs ot htle evidence:
<br /> , , � ' Ib)to all sums secured by this Deed ot Trust, and Ic►the excess.�f any,to the person or persons legally ent�tled thereto.
<br /> , � 19. Bonower'e Riqht to Retnstato.Notwethstand�ng Lender's accelerat�on of the sums secured by th�s Oeed ot Trust.
<br /> j � Borrower shatl have the nght to have any proceed�ngs begun by Lender to enforce the Deed of Trust discont�nued at Any t�me
<br /> ' pnor to the earl�er to occur ot(�)the f�tth day betore the sate ot the Property pursuant to the power of sate conte�ned�n the Oeed
<br /> ot TruSt(ip entry of a�udgment entorcmg th�s Deed ot Trust�f (a)8orrower pays Lender all sums wh�ch would be then due
<br /> ' under this Oeed of Trust,the Note and�otes seCUnng f uture Advances.�f any,had no accelerflt�on occured�tb�Borrowe�
<br /> curea at�breaches of any other covRnants or agruements ot 8orrower contamed�n th�s Oeed ot TrusY.tc)8orrower pays all
<br /> • reasoneble expenses cncurrecf by Lender end Truatee enforcmy the covenants and agreements ot Borrower conta�ned in th�s
<br /> Deed ot Trust end in entorc�ng Lender's and Tr ustee's remedies as prov�ded�n paragraph 18 hereot,fnc�udfng,but not Ilm�tcad
<br /> , to,reasonab�e attorney's fees.and Id)Borrower takes such act�on as Lender mey reasonably reqwre to assure that the tien of
<br /> � {{ thia Deed of Trust,Lender's�nterest m the Property and 8�rrower�s obhgat�on to pay the sums secured by th�s Deed of Trust
<br /> � I shall cont�nue un�mpauod Upon such payment nnd�ure by 8orrower.th�s Deed of Trust and the obl�gations secured hereby
<br /> Ishall remam�n tull torce�nd etfect:�s�f ��o:�eceteret�on h�d ocr,urred
<br /> I �
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