|
._ . .�. . T. � .
<br /> �
<br /> •-a �, �s::.w.�.�ve�.yq57��� �IMIRM��1lAr3M�7Jx»ta�h-+yYfOW4� � ' -----
<br /> "' " ,._ .� a.,..-..�...- ��r6�wi a.x:.,->>.r,,., , � -
<br /> ,. .. .. . ._.. - -
<br /> � ;.. � , . . , ..,__
<br /> . . � ,� 't.i�R.�aP:(s�.,. . . ..f•;.!� •I il� q'--:.-
<br /> - � • •' .."T•. . . . ,. . . .. t�lS�.a'iF - J ... __ _ .
<br /> 1 `4 n
<br /> � ,
<br /> ` . . • : ' . � '_----._--
<br /> � . :;r h�WitrMM�wT'•rlW+n�.l� .
<br /> _ ' � `
<br /> _"' "__.__ .' ' "
<br /> i. . . . . .. ...""_ �_. .
<br /> � '_'...'" ' _- __ _ ' "_"W�_"'_"'"'.."' '.u�.�...r'_".._..�+.---_ -- ...
<br /> � QaxataurnoN sKUnmr i►m�usr --
<br /> ' •�,.� �,3;:,'!�h�!• ` • v�� /��y 11f1�A¢rMm�nt ncuraJ 4n obitpolon whleh M� Truata�.
<br /> f�.. �� „ .,..r ���i!/ O�btO�(etutt�d kr Ih�vuroou ot makinp ImDrov�mom� -�.`_._-- -
<br /> .�._,��,u...�.. ..; �„ ._. -�� �a�•��� �n tir Rat fst+t� !n whfch �M CamfroeMan iuurur - --
<br />- ��t . � 9. Condemnaf�on.The�'r'oceeds of any awerd or a1a�m tor damages,�E��t�eQuontial,in oonneCtion witb any �`' '��: . _-�.-_,,,_
<br /> � • condemnation orofher teking otthe Property,or part thereof,or tor conveyance m lieu of condemnatlon,are h9rebyasslgned -,-° -=-_--
<br /> {, - -, ...°'f�:.''::`:;a. .:
<br /> and shalt 0e pafd to Lender. �'-��
<br /> � '� ° " • ° In thA event of e totel takinn of the Property,the proceeds ahall be appiied tn the aums eecured by this Oeed of Trust,with `'°`'��";_=--
<br /> •, the excess,If any,paid to Bo awer.In the event of a parual taking of the Properly,unlead Borrower artd I.tmder othenvise """�'^==-_-
<br /> _:; •ry.,.-:�..'__
<br /> ' agreeinwrlting,the�eshallbeapplfedtoth�sumsaeauredbythtsDeedofT�uatauchproportionotthaproceedaeslsequslto f > ,�=��.�
<br /> •-t,' thatproportionwhichtheamountoftheaumssecuredbythls0eedo}T�uatimmediatetypriortothedeteoftakingbea►etothe -••�r s;.s:m'_a�'-_�'_�'-_—
<br /> ' tair market value ot the property immedlately prlor to the date ot taking,w�th the balance of the proceeda peld to Bonower. „d"''`°���i;rt ,. .
<br /> ` if the PropeAy is Qbandoned by Barrower,or if,aNer notice by Lendor to 8orrowe�that the condemnor offera to make en �•=`
<br /> - .. .. .,.-,::<<
<br /> „• " award or settle a claim for dameges,Borrower talls to respond to Lender w�thin 30 days 8fter the dete such rtoNoe is malled. ,,`.at;„�,�.�.:,�--
<br /> • Lender�s authorized t�cottect and apply the proceeds,at Lender's option,elther to restoradon or�epair of the Property or to •�y �s;,�-�;
<br /> � the sums secured by this Deed of Trusl ,
<br /> ' Unless Lenderend 8orroworotherwise agree�n wrfting,any such appQcation of proceeds top►fncfpal ahall notextend or :�"
<br /> � postpone the due date ot the monthiy fnstallmenta refer►ed to In paragraphs t and 2 hereot or CPtange the 8mount ot such �
<br /> , �nataliments. .� -_
<br /> ,. , 10. Banower Not ReletsM.Extensian of thetimetor payment or modificetion otemortization of the sums secured bythis , "
<br /> . , Deed of Trust granted by Lender to any succeasor m interest of Borrower shalt not operate to reiease,in any manner,the • , __
<br /> � tiebilityoftheorlginal8orrowerand8orrower'sauccessorsmterestLenderahal�notberequiredtocommenceptoceeding8 .`�• ° `-
<br /> +� against auch suecesaor or refuse to extend time tor payment or otherwise modi(y amortfzation of the sums aecured by thls �
<br /> ;' Deed of Trust by reason of any demand made by the originai Borrower end Borrower's euccessors in intereat � ,
<br /> • 11.Forb�aance by Lend�r Not a Waiv�r.Any torbearance by Lend�r in exercising any right or�emedy hereunder,or �
<br /> otherwise aftorded by appifcable Iaw,shall not be a waiver ot or preclude the exerclse of any Such ngh!or remedy.The ° '�
<br /> procurementof insurance of the peyment of taxes or other Iiens or charges by Lender sha1�not bea waiverot lender's rightto
<br /> accelerate the maturity of the indebtednesa secured by this Raed of Truat ` -��
<br /> � 12.Remedles Cumutaq�e All remedies provided in thls Oeed of 7rust are distinct and cumulative to any other rl ht or �
<br /> '-:_ .�
<br /> , ...,,
<br /> � �,-
<br /> '• . ... ... ._ remedyunderthlsDeeclofTrustorettordedbyiaworequiry,andmaybeexerasedconcurrenUy,independantivorsuccess ly. ='-�`- -��=- �
<br /> " 13.SuceessonandMNgnaBound;Jolntand8everalUabiAyr;Capttnns.Thecovenantsandagreementshereincontelned - �- - -�" �^�
<br /> shell bind,and the rights hereunder shalt inure to.the respective succeasors end assigns ot Lenderend Bor�ower,sub�ectt0 �
<br /> the provtsions of paragraph t 7 hereof.All covenants and agreements of Borrower sha�rbe ioint and severel.The captfona and „ �� ��
<br /> , headings of the paragraphs of this Deed of Trust are tor convenlence only and are not to be used to interpret or define the .
<br /> . provisions hereof. ' ' -
<br /> U. Notiae.Exceptforanynot�cerequtredunderappticablelawtobegivenmanothermsnner,(a)anynoticeto8orrower •� �"
<br /> ' provlded for in th�s 0eed of Trust shell be given by mading such notice by certif ied mail addressetl to 8orrower at the Properly �.
<br /> Addtess or at such other address as Borrower may designate by not�ce to Lender as prnvided herein,and(b�any notiCe to � ,�..�
<br /> tender ahal�be given by certified mail,retum receipt requested,to Lender's addrsss stated herein orto such otheraddreas as ��=
<br /> Lender may designate by notice to Borrower as prov�ded herein.Any notice provided for in this Oeed ot Trost shalt be deemed _.
<br /> to have been given to Borrower or Lende�when grven in the manner designated herein. :r.� - -
<br /> •1 b.t "Request tor Notice.Trustor and beneficiary request that e copy of any notfce of default and notice of sa�e made or �
<br /> ' executed by the Trustee pursuant to the prov�s�ons hereof be sent to the Trustor and 8eneficiary at thelr respective mailing ,, � �
<br /> addresses set torth above." � ` �
<br /> 1S. UnHorm Deed of Truat;(ioveming Law;Severebllity. The form ot deed of trust combinea uni}orm covenants tor
<br /> national use and non-uniform covenants with Iimited vanat�ons by�unsdicho�to Const�tute a uni(orm seCUn�InBtrument . � �; �
<br /> covenng real properly.This Oeed of Trust shall be governed by the taw of the jurisdictiun�n which the Property s loCated.In '
<br /> the event that any provision or clause of this Deed of Trust or the Note conHicts wrth apphcable�aw,such conflict shalt not , .� �
<br /> aflect other provisions of this Oeed ot Trust or the Note which can be gwen eftect wdhout the contlicting provisions,and tothis 4
<br /> �.,
<br /> end the provisions of the Oeed of Trust and the Note are declared to be severab�e. �•
<br /> 16. Borrower'�Copy.Bor�ower shall be furmshed a conformed copy ot the Note and of this Oeed of Trust at the t�me o} ,;�.�� �
<br /> execution or aRer recordation hereof. ,/��'
<br /> 17.Traotfer ot the P�operty;Atsumptlon.lf alI or any part of the property or an�nterest therem is sold or transferred by ;�`�"'�
<br /> Borrowerw�thoutle�der'apnorwnttenconsent.exctud�ng(a)thecreationolatienorencumbrancesubord�natetoth�s0eed � f
<br /> of TrusG(b)the creebon ot a purChese money seCUnr�r�nterest tor household appl�anr,es,(c)a transfer by devise descent or by
<br /> operetion of Iaw upon the death of a�o�nt tenant or ld1 the grant of any teasehotd mterest of three years or less not contaimng an
<br /> optfontopurchase,Lender may,at Lender'sopt�on,declare at1 the sums secured by th�s Deed ofTrust to be�mmedfatelydue �-
<br /> end pey8ble.Lender Shell heve wawed such option to aCCe�erete�f.pnOr to the sa�e or transfer,Lender and the person to • !,�f�;-
<br /> • whom the Property�s to be soid or transt�rred reach agreement in wntmg that the cred�t ot such person is setis(actory to � •-�`-' �`
<br /> • Lender and thatthe interest payable on the sums secured by th�s Oeed ot Trust shau be at such rate as Lender shell request.If �`�"`. �,
<br /> Lender has waived the opt�on to acce�erate prov�ded m th�s paragraph t 7.and d Borrower s successor m�nterest hasexecuted '
<br /> a written assumption agreement accepted in wnting by Lender,Lender shall release Borrowertrom alt obligationsu�derthis � .i,�++
<br /> Deed of Trust and the Note. :••+
<br /> It�ender exercises such option to accelerate. Lender shall mad Borrower notice ot acCeleration�n aCCOrdanCe wdh `
<br /> paregraph 14 hereot.Such�otice shall prov�de e penod of not tess than 30 days from the date thenot�Ce�s maQed wrthin wh�ch '�'.�
<br /> Borrower may pay tfie sums dectared due.I}8orrower ta�ts to pay such sums pnor to the ezp�ration of suCh penotl.Lender y
<br /> may,w�thout fuAher notice or demand on Borrower.mvoke�ny remedies perm�ttod by paragraph 18 hereof " .
<br /> � NON•UNIFORM COVENANTS.8orrower and Lender tu�lher covenent end agree as tollows: �
<br /> I 18. Acee�eratlon;Remedlee.Except as prowded in paragraph t 7 hereof.upon Borrower's breaCh of any covenant or
<br /> agreement of Bortower m this Deed of Trust.mctud�ng the covenants to pay when tlue any sums secured by th�s Deed ot Trust,
<br /> Lenderpriorto acceleration shall ma�l not�ceto Borroweras prowded�n paragraph 14 hereot spec�fymg:(t)thebreach;(2)the
<br /> action requued tocure such breach;{31a date not less than 30 Aays from the date the not�ce is maded to Borrower.by wh�ch .'
<br /> such breach mustbe cured:anq(4)1h»t ta�Iure tocure such br�ach on or before the date specd�ed m the not�ce may result�n
<br /> acceleration of Ihesums secured by this l�eed ot Trust and s.Ne of the Propeny The not�ce shaU turther�ntorm Borrower of the t
<br /> nght to roinstate atter acceleration and the nght to bnng a court act�on to assert the non-ez�stence of a detault or any other
<br /> detense af 8orrower to acceleration and sale It the breacn�s not cured on or before the date speC�f�ed m the not�ce.Lender at �
<br /> ; Lender's option may declare au of thP sums securetl by th�s Oeed of Trust to be�mmed�ately duea�d payable without further
<br /> demend and may invoke the power ot sale and anv other remed�es permitted by appliCable taw Lender Shall be ent�tled to
<br /> collectall reasonable costs and expenses incurred m pursu�ng the romed�es provided�n the paragraph 18,�nclud�ng,but not
<br /> t�mrted to,reason�ble attomey s tees
<br /> If the power ot sale is�nvoked,Trustee shail record a nohcf���f delauit�n Pach county m wh�Ch the Propetty or Some pArt
<br /> thereol�slocated and sha11 ma�1 cop�es u�such nr�UCp�n the marn�r prescnbed by�pplicable�awto BorrOwer end tOtheother
<br /> porsonS prescnbed by applicpb�e Iew After the lapse of such t�rt�e as may be requ�red by apputeble Iaw.Trustee ShBt�gwe �
<br /> pub��C nohce ot Sale to the petsons ehd�n the manner ptescnbPd by appl�cable law Trustee.w�thout demand on Borrower.
<br /> � Shell S@II thg Property af pUb��C�uCUOn 10 the h�gheSt b�ddr.r at the t�me and place and under theterms des�gnated m the not�Ce
<br /> ot Sele i�one or more parcels and m sucn order as Trustee may deterrtunR Trustee mey postpone salEt of a11 or any parcel of
<br /> , the Property by public announcement at the t�me antl place ot any prev�ousiy schetluled sale lender or Lender s des�gnee
<br /> m8y purcha9e the Property et any s:�ie
<br /> = iipun rnce�pi oi paymeni oi ine pnceo�o.i rustee snan aeuver to ine purenaset i rustee s aee0convey�ng me►'roperty soto
<br /> Therec�talsmtheTrustee'sdeeasnanbepnmatac�eev�denceoltnefrutnotthestatementsmadetherein Trusteeshattapply
<br /> ' i theproCeedsotthesale�nthetollow�ngorde� taltoaurQasonablecostsandezpensesotthesaie.�nciudmg.butnotl�m�tedto.
<br /> � Trustee's tees af not more than ��ot tne gross saie pr�ce.reasonab�e attorney�s fees and costs of t�tle evidence: •
<br /> • : Ibl to alI sums secured by th�s Deed of irust and(cl the excess.�I�ny to the person or persons legally entitted thereto.
<br /> i ' + 79. 8orrower't Rtpht to Relnstate.Notw�thstand�ng Lender's ac,ceieration ot the sums secured by th�s Oeed ot Trust,
<br /> - ,i� � BorrowerShBtlhav�thenghttohaveanyproceeA�ngsbegunbylendertoenforcetheDeedofTrustd�aCOnt�nuedetenytime
<br /> pnor tothe earher to occur ot(�►the I�Rh Aay beforethesate ot the Property pursuant to the powerof sale conta�ned m Me Deed
<br /> � ot Trust Up entry of a�udgment enforc�ng th�s Deed ol Tr��st�f (a)Horrower pays Lender a�l sums which would be then due
<br /> � under th�s Oeed of Trust.the Note end notos secur�ng future Advances.�t any.had no accetetat�on occured�(b)Bortowet
<br /> cures elI breeches of any othar covenants or agreements ot Borrower conta�ned�n tn�s Deed of Trust:(c)Borrower pay8 all
<br /> reeeonable expenses�ncurrerf by Lender and Trustee enforc�ng the covenants and ngreementsof Borrower Contamed in th�s
<br /> Oe9d ot Trust and�n entorcmg Lender s a�d Trustee's remed�es as prov�ded in peragreph 18 hereOt,�ncfud�ng,but not I+m�ted
<br /> to.�easoneble aporney's fees,and tdl8orrower takes such act�on�s Lender may reasonably requ�re to assure that the t�en ot
<br /> th�a Oeed of 1 rust.lentler's mterest m IhC Property and 8orrower s obngat�on to pay 1hC sumS SeCUred by th�s 0@ed 01 TruSt
<br /> , Shell COntinu0 ummpeuetf Upon such payment end turp by Borrower.thr;nee�d Af T r u4t t1nC thC�obligAti0n5 9@CUtetl hetRby
<br /> i shell reme.n m lull forcn and eNect as�f n�•acce�erauon h,�d ocrur•Nq
<br /> . ; I
<br /> •� �
<br /> _ --- -- -- _ ___I
<br />
|