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<br /> - �ONSTRUCTION SFCURITY IHTEREST
<br /> - _,.,_..a.,...�...i.�li ' • Thl� Apr�mmt �eunf en obN�apon whleh Iho Truslo•
<br /> - - ---�- �0���� Dobtor incuROd tar fhs purpord of msklnp lmarovrner.,:
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<br /> . .r:�.-..y;. �. � t��iel#ttita ►n whlti► t1u Conuruc�lon Sauruy
<br /> �-�;,�.:,�h:.„. 4 J�w i,o�Y.�. _� __... �--
<br /> :y�.'i,..,; :.; r '� 9. Londemnaqon. Tho proceods ot nny uward or cla�m tor dameges,d�rect�r consequentiel,in connBCtfon wlth any �y��,.�, .::m-.-�_.-
<br /> condemnaf�on or ather teking of the P►operty,or partthereof,or forconveyance in tieu of condemnallon,are herebyaasfpned �,.; —
<br /> :.. �°�� ��• and dhall be pald to Lender. _
<br /> � Y'� In the event of a totttl teking ot ihe Property,tho proceeda shall be applied ro the auma securod 0ythla Oeed of TrusR wlth �-
<br /> '''""�2�'•��`�'''" � the excesa,If any,patd t�Bor�ower.In the evsnt ot a partlel teking of the PropeAy,unleas 8onower and Landsr othsrwlae —�
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<br /> pgreeinwrltln ,the�eshatlbeappIfediothesumaascurndbythis0eedofTruatguchproportlonofthep�ecsedsub u�lto
<br /> - , r���,: thatproportfonwhlchtheamountofthesumeaecuredbythisDeedofTNStimmediatelyprlo�tothsdttsoffrkfnqbsan�othe d�^=,__
<br /> ,r _, ' ° fnlr market value of the oroperty Immedtetety pnor to the date of taklng,with the balance of the proeeeda patd W Bo�rower. • •,;;�_
<br /> � ;� • � • ., " If the Property is abartdoned by Bonower.or it,aker notice by lertder to Borrower that the condemnor oftera lo meke an �• . -
<br /> ��'��:-.;�" . :��` award or seltle e clalm for damages,Borrower falla to reapond to Lender withtn 30 deya etter the date suoh nottca i�mellsd, ,f:.ig._._ _ __._..
<br /> Lender�s authorized to cotlect and apply the proceeds,at Lender's option,olthe�ta�eatoraUOn a►epalr ot the Property or to �
<br /> , - the sums secured by thie Deed ot TrusG ~�'�__
<br /> � ° UnlesaLenderandSorrowerotherwlaeagreefnw�iting.enysuohepplicatio�olprxeedstoprinclpalehal�notextendor .;,�`�.;, _
<br /> .ti postpone the due date of the monthly installments retorred to in puragrephs t and 2 heteot or change the amount of suah
<br /> instaltments. . .;;►'.;:._
<br /> ° 10. 8or►owtrNotRN���d.Extenaionotthetimetorpaymentormodlficatlonotamortlt8donotthesumaaecuredbythia ,:•"��_'
<br /> ' Oeed of Trust granted by Lender to any successor m interest oT 8orrower shafl not opetate to reteeee,In eny menner,the .��: °
<br /> �,• ` • Iiebillryoftheorlglna►BorrowerandBorrower'ssucceasorsinterestLendershallnotberequlredtocomme�ceproeeedlnge ,.�,�.'.;�:
<br /> � against such sueceasor or refuse to extend time tor payment or otherwlse modlty amortizadon ot the suma aecured by thla -- ---
<br /> "� . Deed ot Trust by reason of eny demand made by the o►Iglnal Borrower and 8onower's successors in interest `�����,����•-�
<br /> �• 11. ForMaancs by Ltndn Not�Walv�►.Any forbearance by Lende►In exerclsing any�Ipht or remedy hereunder,or , "-��=
<br /> othenvlse aftorded by appticable law,shall not be a walver ot or preclude the exerclse o}any such rtght or remedy.The ��-=r�•--
<br /> � • proeurementofinauranceofthepeymentoftaxesorotherlienaorchargesbyLendersh�IlnotbeawalverofLende�'s�lghtto ,��4==
<br /> _ eccelerate the meturlry of the indetrtednesa secured by this Oee�of Trust �'" -
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<br /> ' 12. R�m�dt�s Cumulattvs All remedles provided in this Deed o!Trust are dfstlnct and cumulative to eny other rlght or "---
<br /> , ,.r....
<br /> -� �� •� � � - , remerJyundermfsOeeO�fTrustorattordedbylaworequrty.endmaybeexercise0concurrandy.IndCpCnuwii�yLibUZi,vb51'r8{y. �—---� '��--
<br /> � 13. 8uceestasuidAs�ipm8ouod;JointandS�v�ralUabllit�►;CapUona.Thecovenantsandeg�eementahereincontalned •?�'--
<br /> shall bind,and the ri hts hereunder shell inure to,the res ctive successors and assigns of Lende►and BoROwer,sub ectto ., • t":`'r�=
<br /> 9 Pe i �.. � ,x�,;
<br /> • " theprov�sionsofparag►aphl7hereof.Allcovenflntsandagreementsot8orrowershallbejolntandseveral.Thecepdonsend - _
<br /> � headfngs o4 Me paregraphs of this Oeed of Trust are for conveNence onty and are aot to be uaed ro lnterpret or deflne the � � ` '���
<br /> ' provlsions hereoi. ,',,:�"`-:�'��
<br /> ' t�. Notice.Exceptforanynotice�equ�redunderapplicabletawtobegivenlnanothermenner,(aanynoticetoBorrower ���.�
<br /> provided for in this Oeed of Trust shall be given by mai►ing auch�otice by certified mail addr3ssed to�rroweratth8 Propetiy t:
<br /> Addtess or et such other address as Borrower may designate by notice to Lender as provided hereln,and(b)any notice to :n� �_..
<br /> lender shall begiven by cprtlfled mad,tetum recelpt�equeated.to Lender's address ateted hereinortosuch other address es ,�:��-
<br /> LendermaydesignetebynoticetoBorrowerasprov�dedherein.Anynoticeprovldedtorinthis0eedofT�uatshatlbedeemed ��' __ .
<br /> , to have been gtven to Borrower or Lender when gwen in the manner desfgnated herein. ,,1 G ,�
<br /> , •14.1 "Request for Notice.Trustor and beneflciary request that a copy of any notice of defaurt end notice oi sale made or
<br /> � executed by the T�ustee pursuant to the prov�sions hereof be sent to the Trustor and Beneficiary at their respective mailing , " � ��'f�� �
<br /> -------_--__-_�--- acfdress�essettoRtiebove." -
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