|
- � _ _ __ ___ _ ___ _ _ _
<br /> :�v�r�r :,�o�aeor�eerrrsn�-�,,:. :;,�. .:,. � •
<br />_ '__' +�l�µ. .. ...1..�- . ' .. - --
<br /> . . ,� �(;� • , __.. ..._-_
<br /> • ki.�'�,�„rJ,"��.r• '-•- . .
<br /> - �..' i !. . . ., , . _ --
<br /> .
<br /> : '" - -
<br /> . .. ... ,,�.• .:
<br />_ •�• • • � .
<br /> ...
<br /> . �_ ,.,. .
<br /> .__. t.r�riiY�Ir�IYiY�I __._:, . ...... -
<br /> - --��M,_: - . ------ ----- �
<br /> - �,.��:���.� � �94° lC,��� �
<br /> : � ,. . 'ao!peetoaally litble on the Note or under this Deod of Tcust,aad(e)agrees tha Lender aad any othez Botcorver
<br /> = ..�.,, " hereunder mny agsec to ertend,modityr�forbear,a�e make any othar acoommodat[ons with ngatd to tho terma of thts ,��•�:;:.:_,___,.__._.._..
<br /> ' � { Oted of Trust or the Aiote,without that Bortower'e conseat aad without i+eleaaing that Borrower or modlt�+ing thts Deed
<br /> _ ���. � .. �� �:a�..�:. of Trust as to t1�at Bonowet's iatesrest ln the Fcoperty.
<br /> " _ � �� • 19. NMtoe.Except for auy rtotice e�eguited under applicobte IAw to be glvcu in�uothet maunet.(�1 tny notice to _
<br /> '" ` " "' Borr�wee pcuvided foe ia tdls D�ed of Tivst 6ha116e gtvea by detiveriag it or by mailing iaeh aotlee by certi�ed ma11 ---'
<br /> �t.� �� � addressed to 8�arrnwer�t the Prepeety Addnss or at auch othar addcess os Bori+awer may designtte by notico to I.euder r � __
<br /> . - , °„ ;. � as pravlded herein.�d(Q�)nay aotke to Lendee shall be given by certified mail to LanAor's adde�s ctoted herein or 40 �j :
<br /> _ .. . �"� _ -
<br /> � � auch other�►ddresc u Iander may deaignate by aotico to Borrower ss providcd hereia.My aotire provldcd for in thls �- __
<br />- � Deed of Tru�t shdl be deemed to hnve ban given to Bottawa or Leader when given in the mtaner designated dereln. ;,y�'�--� --
<br /> , �� � 13. tio�antn�LK;SeTee�bWt�.Tde state and loal laas applicable W this Dad of Ttust shall be the l�ws of the `��;�_�r; tl r`�_=
<br /> � jurisdiction ia which tke Property b locat�ed.The foregoing untence sball not lirait the applicabflity of Federal law to r°a�; -*
<br /> this Deed of Trust.In the event that eny provision or clause of tbls Dad of Trust or the Note conElicts with applicable • �"�� ���=,�,_
<br /> law,such contlict shail aot affect other provisions of this Deed of Tcust or the Note whicb caa ba given effeet without the �::;�.:�r����::�':'-�_
<br /> ����'�.�"�:-:
<br /> ,. " oonQictitt$provlsion�aad to tbis end the provislona of this Dad of Trust aad tbe Note ere dcclAted to be severable.Aa r.., ;;' ' ,�yt;
<br /> '` used herein."costs"."e:peases"an�••attoraeys'fces"iaclude all sums to the extent not prohiblted by applicable law or � "� � �
<br /> � " " limltod he[o�a. �.r.�.r���..°...�,si�... -
<br /> ' 14. Ba[owu's Copy.Sorrowee shall be furnished e cwnformed rnpy of the Note and of this Dned of Trust at the . �.::.�h`:i.:_
<br /> ., time of ezecution os aRer e+xordation heerof. ' -= �
<br /> : 1S. Re6t6Wtatian I.aa Ap�eement.Borrower shall fulflll al!of Borrower's obligations under aay home nhabllIta• - �-_-
<br /> �. �,
<br /> � •� tloa,tmpmfrareeat.r��i,�,q;oth�loan agteement�+hich Boiro�+,�er enterr�nto with I.ender.Lender,a!Lender's optton, � °� --
<br /> m�req�e sot�MS�tM�c�aad deliver to Leader,in a form acceptable to Lender. an asslgnmeat of any dghts, �• �-�!�
<br /> claims or defen,se�'vdhi�h Botrower may have aga3nst parties who supply labor,materials or aervices!n coanection with .,•�-
<br /> ,. Improvemeats mad�fli�,`Pl,�eEY• M1'�fµ�T.-
<br /> , .�-
<br /> 16.Truster ot the Property or s BeneticiN Iaterest in B orrower.I f a l l or any part o f t he Property or any interest
<br /> � in it Is sold or transferred(or if a beneficial interest in Bonower is sold or transferred and Bonower ia not a natural � � ��'�''—
<br /> � . '„ person)without Lender's prtor written consent,Lender may, at its option,require immediate payment in full of ell ` _
<br /> '-�� suats secured by this Dced of Trust.However.thls optlon shall not be exerclsed by Lender if exercisc is prohibited by . -
<br /> federal law as of the date of this Dced of Trust. �
<br /> If Lender exercises this optlon� Lender shall give Borrower notice of acceleratlon. 'I'he nottce shall provide a � �y
<br /> pedod of not less than 30 days from the date the notice is delivered or mailed within which Bonower must pay aU sums �
<br /> ' secured by this Deed of Trusi.It'Banawer faiis ta pay these sums pdar to thc cxpiratian af this periad,Lender msy - � '�,
<br /> � invoke sny remedies perrnitted by this Deed of Trust without further nottce or demr�nd un Borrower. j
<br /> NOIV•UNI�ORM�JDVENANTS.Borrower and Lender further covenant and egra as follows: , �
<br /> 17. AcoeleraHon;Remedla.Euept a prodded tn pan�raph 16 benot,apon Bo�owee's bre�c6 oi�oovea�at "
<br /> or�rament of Bossawer tn th4 Deed oiTrort,incladtn;Horeawer•�fWora to psy,by tAe end ot 10 cabnd�r dap�Eter .
<br /> d�.,�y�r�daz� �uy aam¢e:caYCd by tWa B�;.d et Tea�t�Lead;e prlar ta ac�leratian chd!aQve aati�ta @aaca:.:r rs .•� � .
<br /> pro�Jdcd ta p�p612 hea+wl�peettyla�:(1)the bnub;lZ)�utton eeqnircd to can�ncb baae6;(3)a date,not �l� �
<br /> leu tlun ZO da,n trom the dste ihe notloe is m�tled to Borebvrer,by whte6 suc6 breach most be caredi�d(4)d�at • ��^.�"� ,
<br /> failan to cnre snch brac6 oa ar bdora t6e df�te speciSed ia tbe notia may reiWt In ucele.radon oi tbe sams secared by r�
<br /> W4 Deed oi Trmt u�d sde ot the Praperty.T6e notla s6tll tnrtber tnfoem Horrower ai tbe d�6t W eetttttate after '
<br /> . acoeler�tloa iutd the:tqht to brina a ooc�rt sctEon w aaert the noae:4teaa oi s deta�It or any ot6eer detente of Borrower „�;p
<br /> to�ecderatton and ule. I[tbe breac6 b not cond on or before the d�te�peei8ed in the nottoe, Leader,at Leader,� ... • °)c�.
<br /> optlan,ms�3ecl�all oi tbe�um�ucae�ed by t6ia Deed oi Tro�t W ba tmmedtately dae and payable Mrlt6ont fnrtber , •`"�
<br /> d e m a a d a n d m t y I nv o k e t h e p ow e r o f w l e a n d�a�other eemedia p ewttted b y�p pltcable I�w.I,ender�hall be cntltted � .��'���
<br /> w collect all r¢awnsble caa�nd e:pema ineurred W pnrsnin�the remedta peovided tn dils para�apb 17,iadadin�, � •
<br /> bnt aot Itmtted to,reawn�ble�ttomeYs'tea. �
<br /> Ii the power ot�ale b invoked,lYo�tee�lu�U eecord a aotice ot defwdt tn ac6 connh W whtch tbe Propeety or wme
<br /> put t6ereoi Is located md�h�ll mail copia of�ac6 aodce in the manner pracrtbed by appUcable IRw to Borrower md ;
<br /> to tbe otber ponom pracdbed by apPltcable law.After tl�e Iap�e ot sach tlme as may be eeqnlred by apPllcable 4w, �
<br /> T�utee s6a11 gire pn6lic notla of wte W the perroas�ad in the maaner pracdbed by apPllcabb Iww.Tea�tee,Ntd�oat
<br /> dem�ad on Buerower,�hall�eU the Propeety at pnbl[c aucHon to the highat btdder at tbe dme u�d pl�ce and nnder tbe �
<br /> teems deslgnated In t0�e nodoe ot sale in one or more psrceb�nd ta�ach order u Trustet m�y det�eemine.Trmtee may '
<br /> palpone�ale oi dl or way pucd oi t6e Property by pnblte�anoancement at the time and plux of�ny peerio�l� i
<br /> sc6eduled ule.Lenderor Lender9 daignee msr purc6me the Pe�operty at any oale. ;
<br /> Upon rccetpt ot paymeAt of d�e pda btd.Trostce s6�11 deliver w t6e purchaer Tensta'r deed rnnveying the
<br /> Peopertr�old.The rcctewl�ta the Trnatce•e deed rhdl be pdms tacte evidence o�tbe trutb ot t6e etstemenb muk
<br /> tl�reFn.Trustee thaU�pply the proceed�ot the stle la the followtng orders(a)to aJl rcuonsble cat�and e:peeta af the
<br /> _ sale,inctuding,but not Itmited to,Traatee•s[ea utnally tncnrred of not more than °lo of the gros�s�le
<br /> i pda.�nablc aitomey�'Eeea and cosq of title evidenee;Ib►to all�umi eecured by th4 Ueed of Trnst;�nd(c)t�e�•
<br /> . c�,Qmr�W t6e peewn or peeona legally enHtkd thereto. ,
<br /> 18. BoeroMee•s Right to Retnstate. Notwithstanding Lender's acceieration of the sums secured by this Deed of
<br /> Trust,due to Borrower's breach,Borrower shall have the right to have any proceedings begur+ by Lender to enforce this
<br /> Deed of Trust discontinued at any time prior to the earlier to accur of(i)the fifth day before the sale of the Property
<br /> pursuant to the power of sale contained in this Deed of Trust or liif entry of a judgment enforcing this Deed af Trust if:
<br /> ta)Borrower pays I.endee all sums which would be then due under this Deed of Trust and the Note had no acceleratton
<br /> - occurred;tb)Botrower cures all breaches of any othec covenants or agreements of Borrower contained in this Derd of -
<br /> Trust;(c) Borrower pays al! reasonable expenses incurred by I.ender and Trustee in enfoning the covenants and
<br /> agreements of Botrowtr contained in this Deeef of Trust and in entorcing Lender's and Trustee's remedies as provided in
<br /> paragTaph 17 hereof,inctuding,but not limtted to. reasonable attorneys'fees; and(dl Bunower takes such action as
<br /> I.ender may reasonubly require to assure that the lien of this Deed of Trust. Lender's interest in the Property and
<br /> r � � Borrower's obligntion to pay the sums secured by thls Deed of Trust shull continue unimp�ired.Upon such payment and
<br /> cure by Botrower, this Deed of Trust and the obltgations secured hereby shall remain tn full force and effect as if no
<br /> acceteration had occurred.
<br /> • 19. ArfEament of RenEsi Appotntatent ot Receire�= Lende� In Passa�asion. As additional arcurit� hcreundcr,
<br /> Bottowec hereby nssigns to Lender the mnts of the Property.proeided that Bonoaer�hall,prinr to acceleration under
<br /> pAragroph 17 hercof ot abandonment of the W�operty.ha��r thc right a�rulirct and rrtain tiurh rents as they herome dur
<br /> . nnd payubie.
<br /> , � Upon ucceterntion under pa�ngraph 1�hereof ur abandonment of the Propem•.Lrnder,in�xnun. t+�•agem ur b��
<br /> � judiciatly appc�inted receiver�hnll Fn entidcd to cmrr upun.�akr puxrti�i�m uF and managc thc PruFxny and t���ullert
<br /> ,�� i
<br /> - - -
<br /> - -
<br />
|