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<br /> ' 8. Condemnatlon.The procPeds n1 any nward or c�n�m for damaQpe,diroc!or coneoAuanUal,In connetsUOr+w11h eny °•`:•"�°�^^^�";�'y;.�_
<br /> • . condemnat�on or other taking of the Property,or pnrl tNoraot,or for convoyonco�n Uou of contlemnOtlon,nro t�erebyetttpnec! •• �� �-
<br /> � � • , and shail be paid to lender. �� ��� _
<br /> ' . In the event ot a total teking c+t the Property.the proceAda shen bo appUod to the sums secured by thie Oeed a1 Tru�t,wllh � +'' r:,_
<br /> - ��, the exceas,if eny,petd to 8orrower.in the event ot a paR�at tok�n�o}the Properry,untes�8orraw�r md I.�ndsr othsrwits .� j
<br /> ag�eslnwrlting,thereshal{beappliadtothesumsaecur�dbyth�s0ee0ofTru816uahpraportlanattReptGCSaia&alac�lt�f ^ '" • -. ,,�- :_�
<br /> � thatproportlonwhichtheamounto}thesumasecuredbythle0ee0ofTruntilmmedltfMtypnortolhedAteotuklnp Mfntolht!
<br /> fair merket vatue of the p►operty fmmed�ateiy pnor to tho dete ot tr�k�ng w+th the bAlBnCe a11he ptoceads p�Wla tkttfu+:teY• ';��.
<br /> . I}the Propery is abandoned by Borrower,or 11,eker not�Ca by Lender to 8orrower tflllt ths Condimrtot oM�t010 m�k��n .;:;,::
<br /> . � � . award or serile a claim for demages,8orrower faua to reapond to lender wnhin 30 daya sfter the dste�uah nntle�b m�il�t. ° „
<br /> � ,: � � Lender�s authorf:ed to cotlect and appty the proceods,at Lender's aptlon,oither to reatoretton or tepalr ot the propetty Ot tn � „
<br /> the suma secured by thls Deed of Truat. •, ""
<br /> i ` UnlesaLenderend8orrowerotherw�seagree�nw��t�ng,anysuchAppucat�onotproaeedetopnnalpalthettnote�tendor h. . '"
<br /> ' . '� ' postpone the due date of the monthly lnstallments referred to�n paraflraphs 1 end 2 heroo}or ahenp9 the emounl ot euOh
<br /> . . . �natatlmente.
<br /> , f0. 8orrowerNotRd��s�d.Extenswnofthetimeforpaymentormod�hcabonofamorifsotlonolthBBUmeieOUrodbyth�0 , _ �, ,"
<br /> � "� Deed of Trust gvanted by Lende�to any successor�n tnterest ol8orrowor ehnll�ot operate to releet�,tn nny m�nntr,fhe ^ . '
<br /> ' liabilityoftheorig�nalBorrowerend8orrower'sauoceaeorsinterest.LenderehellnotbeteqWredtocommencep►oc�edingf ' „�=
<br /> against such successor or refuse to extend tfine tor payment or othorwiae modtly amort�zotlon of the euma seeured by thlri �
<br /> . Deed ot Trust by reason of any demantl mede by the origmet Borrower and 8orrower's succeaeore tn Inter�at. ,
<br /> 11. ForMtnnas b�Lend�e No!�W�iv�r.Any torbeerance by lender in exeraistng any npht or remody hereunder or
<br /> otherwise aflorded by appilcabte law.ahall not be a wawer of or preclude the exeralae ot eny euah ripht or remWy.fhe
<br /> . • procurementotinsuranceofthepaymentoftexesorotherltensorchargesbyLenderehellnotbeewawerofLend�r'��iphtto , �•
<br /> _ . . acceierate the metu►iry of the indebtedness aecured by this Deed ot Trus� ' ~
<br /> ._ �: � , . ._ tZ. Remedtes Cumu�ativs All remed�es provided in this Deed of Trust ere d�stinct end cumu�ative to any othet r1�ht or �,.. `
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<br /> remedyunderthisUeedotTrustorattordedbylaworequity,andmaybeexercisedconcurrenpy,�nqepenaendyoroucceaswo�y. f a
<br /> ' 13. Succe�soesaedAssign�6aund;Jointaod8w�ratWbiNq;Caption�.ThecovenantsandagreementsherolncontaiRed . -
<br /> • � shell bind,and the rights hereunder sha��fnure to.the respective succegsore 8nd ass�gns of Lender end 8or�ower,eub�eot to �
<br /> theprov�sionsofparagraphl7hereof.AllcovenantsandagreementsofBorrowershatlbaJointandaeverat.Theceptionaund ' -
<br /> , ' head�ngs of the paragrephs of th�s Deed of Yrust are tor convenience only and are not to be used to Interpret or detlno thm ' "
<br /> provisiOns hereof. �
<br /> • 14. No11ee.Exceptfor any notice requued under appl�cable Inw to be gwen�n Another mAnner,te)any nottce to 8orrower I
<br /> • prov�ded for in this Oeed of Truat shall be gwen by mad�ng such notice by cert�t�ed moil eddressed to 8orrower at the Proparty ,
<br /> Address or at such other address as Borrower may des�gnate by notice to Lender as prov�ded heretn,and(b)a�y notiCe to •�_
<br /> lender shell be given by certified ma��,retutn�ece�pt requested,to Londer's atldress steted hetein or to euch other add�ees oy �. .
<br /> . Lender may designate by not�ce to BorrOwer as prov�ded herain.Any not�ce provided for tn thi8 Deed of Ttust eheli bed@emed i T. •-
<br /> . � to have been given to Bor►ower or Lender when gwen m the manner des�gneted here�n. � '�
<br /> •1 A.t "Request tor Notice.Trustor and benet�ciary roquea!thet A copy ot any notice ot defautt and notice of aele mede or
<br /> e;�e�utad by the Trustes purs�ar�i ta the�rrov�s�ons t��e�eui bc�yvrii io ir�a Tru�t3r and 8enst�aary a!lhs�s rsspecl:ve me�ling =�
<br /> addressea set torth above." � .
<br /> ' 15. Unitorm Oeed ot Truet; Goveming Law;Severabilify. the torm ot deed ot truat comb�nes umform covenants for
<br /> nat�onal use and non-un�form covenants w�th I�mited vanations by�unad�ct�on to tonatdute a uniform seCUn�y mstrument ! , �
<br /> covering real property.This Oeed of Trust shall be govArnetl by the law of the�unsd�ction�n wh�ch the PropeRy is lOCated.l� i . ,
<br /> the event that any provision or clause of this Oeod of Trust or the Note conft�cts with eppt�cable lew.such cOnfliCt ahall not �
<br /> aHectothetptov�sionsofth�s0eedo}TrustortheNotowh�chconbeg�ve�nettectw�thoutfheconl�tchngptovistons.andtoth�s '
<br /> end the proviston�o!!ha Dcr,d o!Tr�st and tha P:a,a ara 3e�are3 ic he sevorabta. , -"s;�-=-s;
<br /> 18. Botrower's Copy.Borrower shnli be furrnsheA a conformed copy of fhe Not�t And ot this Doed of Trust at the t�me ot
<br /> execution or aker recordation hereot. ' ••'���'
<br /> 17. Transtor ot the Property;Aesumptlon.If all or any p�rt ol th�r proparty�r an mterest there�n�s sold or ttAnaferred by �
<br /> Bortower w�thout Lender's pnor wntten consent,excludmg(�U the creati�n at a I�en or oncumbrance oubordinate toth�a Deed
<br /> ofTrust,(b�thecreationofapurchasemoneysecunry�nterestf�rnousehoidapplinnr,os,(c)atronsfe►by devlsedeacentorby
<br /> operatfon of law upon the death of a�omt tenanf or 1�►the qrnnt ot�ny le�snh<�Id interosbf three yeat6 or less not contam�ng un . ,�
<br /> option to purchase.Lender may,at Lender's opt�on,deciare otl the sums aacured by th�s Oeed of Trust to be�mmedletelydue '
<br /> and payable.Lender shalt have wawed such opt�on to:�cccirrnte d.prior to the s�la or transter.Lender 8nd the pereon to .,
<br /> � whom the Property�s to be sold or transferretl reach aqreeme�nt�n wntmq Ihat the cred�t ot suCh persOn�s s8ti8faCtory to
<br /> Lender and that the mterest payable on the sums socured by th�5 pe��d of Trust shaU beat such rateas Lender sheU request.lf
<br /> Lenderhaswarvedtheopt�ontoacceterateprowaed�ntn�sparayr;�pnt7 anddE�rrowerssuccessor�nmteresthaseaecuted
<br /> a wntten assumption aqreement accepted m wnt�riq bv Londer.londrr sh:au release Borrower from all obligat�ons under Ih�s . _
<br /> Deed of Trust and the Note.
<br /> It Lender exerc�sea such optwn to accQ�erete,l.ondpr shall mad Bonow�r not�ce of nccelerahom m�ccordance wdh
<br /> paBgraph 14 hereof.Such nohca shAll prov�de a per�ud uf nnt lesti thnn 3U days fru�n the dnte the nobCe�8 meded w�thm wh�Gh
<br /> BOrrower may pay the sums tleclared due If Borrower f:�JS to pay snch sums pnor to the exp�tatton o}suCh penod.lendor
<br /> may.WHhOUt further nOhCe or demand On Borrowrr.�nvokn any rPmeq�r.�permiROd by par:tgrnph 1 d hereo�
<br /> NON•UNiFORM COVEiVANTS.Borrower and Lender tuRher cnvenent nnd agree as follows:
<br /> 16. AeCeletetion;Ramedles.Excopt�s provided m p3raqr,�ph +I horeo�.upon flurrower�s brench of any covenant or
<br /> agreementof Borrower in th�s Deed of Trust inciuding me cnvennnts to p:►y wnen eue any sums secured by th�s Oeetlot Trust.
<br /> Lender pnor to accelerat�on shatt ma�l not�c�>to Borrowr•r as prrn�dt•d m p�vaqr.3ph 14 hereuf speCilymg(1►the br@eCh:t21 tho
<br /> action reqwred to cure such breach.131 a d�tP n�t less thnn;1O days Irom thn q�te the�nut�ce�s m�dt�d t0 BotroWer,by which
<br /> suCh breaCh must be curetl:and 14►th:�t tailure to cure such br��:iCh nn�x hntqr�t the�dnte spec�hed m the nohce mny result m
<br /> ��CCelerallon of thesums secured by th�s Doed uf T rust and s.iie r.t�hrf PropNrry Tne not�ce snan lunher�ntorm Borrower ot fhe
<br /> nght to reinstate after 8cceteret�on and the nght to bnnq a court acuon to assNrt tn�r non-ex�stenCe of A detault or eny other
<br /> detenseof Borrower to eccelerat�on and sule II the brearh�s not cured��n nr betore the drfte speC�Aed m the nOtiCN.L@nder nt
<br /> Lender's opt�on may declare ail 01 the sums securecl by th�s Deed of 1���sl to be�mmed�atety due ancl poyr�blu w�thout furthNr
<br /> 5 demand and may mvoke the power of s:�le and any other rnm�dws orrrmtt�A hv nppuc:tble IaW Lendor shell be entitled to
<br /> coliect aU reasonable costs and expenses�ncurred�n puraumq uic�r�m.�d�Nti Grov�ded�n the�parngrnph 18.�nctudmq,but not
<br /> hm�ted to.reasonAbie attorney s fees
<br /> If the power of salQ is�nvoked,Trustet•shaii r��rord.�n��t����ni�f���,iu�i�n��.�cn�uunty in whtch th�Propetty��t SUm�t p;1t1
<br /> � thereof�slocatednndshaltma�ICOp�esutsuchn��I�r.N�ntnr•m,inn����,��rti�r�ne���h�7t�p���.:►bi���r�wtoFiui�ower.�ndtotho�lhNr
<br /> I persons Prescnbocl by appiicnbte I,iw AHer thr IAPSe uf�;i�Gh tune,r,m:�y br rpqunitd hV:ipPl��able IBW.Trustee 9hA11 qtvp
<br /> publ�c not�ce of sale to ihe person5 and�n th��m�nnE+r ptescr�bed hv,�pphcab�a�:►w irustee.withaut doma�A on Borrowe►.
<br /> shall sell the property at publ�c:�ucuon to the n�rynest b�dd�r:��the t�m��.md pk�cF�anh undvt tho term5 tlUStqnuU±d m ihe noUr.tt
<br /> ot sele tn one or more perce�s and in such urdHr as f rustee may detr�rrn�ne ir��stei�m��y postpone st�le of ttu or�ny parcot of
<br /> � the Pronortv bv nubl�c ennouncs►mpnt at thp timp�nA Nar.w nf anv nrnv�n��ci�crhndulnd natw I nndar nr I nndnr's dos�anyo
<br /> ; m8y purchese�the Property at any s�ie � � � �
<br /> Upon receipt ot paymentof ihe?pr�ce b�d.l'rustee shali dehver to th��purchaser Trustee s deed convey�ng the Pr�petty sulq
<br /> The reCdals�n the TrustHe's deed sn:�u be pnm��ac�e ev�clence ot mo truth ot thN statements mn0e therem lrustoo snotl qpp�y
<br /> � the proceeds of the sale in the fol lowmg order �a►to au reasonabic c.o:.cti and expr,nses or tne smo.mciud�ng,but not I�m�tc�d to.
<br /> • Trustee's tees ot not more then ��ro of tne gross sate pn��e.reasonabit•attomev a fees nnd cost�ot t�tle ev�denr.n.
<br /> ' � Ib)to all sums secured by th�s Oeed ui Trust.and Ic1!h�oxr.QSS.d,tny to the por.on or pors�ns lognuy ontdlod thOrnto
<br /> , 19. 8orrower's Rfyht to Relnstate.Notwithstand�ng l.end�.�r s;►cceierat�un of thu aums s�tcurod by Ih�s peed of Tiust.
<br /> , Borrower shell have the nghtto have any oroceed��gs begun by t�nAvr to entorco the O�od ot Truet d�8continuod ntnny t�m�
<br /> pnorto the earher to occur of(q thehkh day betore the saie ol the Pmue►ty pursuant to the power ot sniocontmnod�n tno Doud
<br /> of Trust 1��)entry of a�udgment enlorcing th�s Deed ot Trust�I (o�Hvrrowe�r pt�ya Lund�r au sums wh�ch wauld bo thon du��
<br /> � under this Oeed of Trust,the Note and notes seCUnng Future Advances.d�►ny.nnd n�s►cr.ulert�tion ocGUrtxf Ib)Horrowur
<br /> cures all breaches of eny other covenants or egreements ol Borrower conWmed�n th�s Dued ot Trust IclBorrowur pnyn[�n
<br /> � reasonable expenses�ncurred by Lender and Trustee enforcmg the coverv�ntsantl t�c�reemonts of 8orrowor contt��nod in th�s
<br /> � ; Oeedof 7rust end in enforC�ng Lender'sand Trustee's remedies as prov�d�d m parwgrnph 1 A hotool.�ncludmq,qut not hrmtod
<br /> to,reaeonable attomey's tees:and�d)Borrower t�kes such act�On�s L��nder mny re;�sonr�bly requ�ro to nt�aua�ihot thA I��m qt
<br /> this Deed ot Ttust,Lender's mterest�n the Property and Borrower s obbqnt�on tn pr►y the gum3 v��cuted by 1hr�n�Md ctt Trutit
<br /> � shallconhnue un�mpaued.Upon such peyment and curo by Borrower th�s(7��Nd c�1 1�u�;t��nd thoobi���ntwns�.ai.urnd h�froby
<br /> shail rem8m�n fWl forCR and eKeclBS�I no�cceierntion h;�d occurr��d
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