|
}. .�,. ;:�_: r�•�.c'���w�..,.7 „L i<':7,
<br /> ."' . , �,• , .. . -,...y�.,a.•�rf�+.,n,q. .. . . .�'�t•1 ,"�di,_.__ . -
<br /> � � '.... .nat:r:4�{i�^ 1�} „Ji sy�,a _ .._
<br /> '�.:�-.•, �ietr{�,�i_'�FS• t�'��'�7L:ir� s:i.uwa�
<br /> _ ''' Y^?A.-PL��K�y}..,, q, ... ,L . �=- - ' _ . . . -
<br /> i-e S7lp `c�ss�c^•.
<br /> . .: • s . �: .`r . � _.
<br /> ... �...
<br /> ' .�.. " . . i(;R ' r .., .., � �. � ,�.�.
<br /> . ��J�k+F,.iO�'�1i '.1.....,......_..�,...............i-'-.."---__.___.._.__...�_..1......t,.1 -- ..�.. -•-- -
<br /> �_e,.�� � w
<br /> � ;{ : ..:.� , �� �4� sass�s — - -
<br /> " ., �� 9.Condemnation. Thu procoedt�ol nny award or c�a�m for domapes,di�ect or conavquentiel,in conrtectiqn with eny �""�:""' ' '" �, ��
<br /> . �ondemnat�on or alhor tnkln4 ot ffl�f�roporty,or p��rHheraot,or for conveyance m liou of conq�mnniton,ure hpre6yesslpned
<br /> -- , nnd ehpil0a paia to Lendor. �
<br /> ., in the�avont of o total taking of Ih�Proparty,th4 procoeds shnll bo appitod to the sums deGUred by thiy Oeed of Trust,with ,<<;;,�•
<br /> the exceas.if ony,pald to BurrowRr.in tho ovent�i a paAlel toking ot Ihe Property,unleas Honower end Lender othsvwiao . ��:+.�'�=
<br /> , . a�reemwnung,therenhellAaeppliedtothesumseecuredbyfhlsOeedofTruatauchFroporiionotthsproceedsasis�quaito � �•��.
<br /> Y •• thatproportlonwhlchtheamourttoftheeumaeecuredbythiaDoedolT►usllmmediAtelyprlortothedatsnttslcingbearstoths t•'
<br /> "i . fAlr market value of the uropeAy Immedintelq prlor to Ihe date o}tak�ng,w+ih the betartce ot the praceede psf4 to Borrower. . ' �, �r..��x'T�;-
<br /> � •. If the Property�s absndaned Dy Borrower,or if,o8er notice by Lender ta Bor�ower that the condemnoroltere to make an "" -
<br /> `. _ . �e�aPo or sottlo a clnim for damngo3.Borrot�or 1o�t�to raapond to Londar w�ih►o 30 dayo att�v ttto dato auch noticolo mailsG, � � -
<br />—� � Londer�s authorized io collect und apply the proceeda,et Lender's optlon,etthmrto reatoretlon or repeir otthe PropRrry or to � ;",
<br /> , , the sums aecured by thia Deed of Trus�
<br /> UntessLende�and8orrowerotherwiseagreamw��ting,anysuchappifcationotproceodetoprincipalehallnotextendor •�
<br /> � . postpone the due dato of the monthly mstellments reterred to In paragrephe 1 and 2 heraAf or Change the amount of euch
<br /> .• msta��ment�
<br /> �� 10. Bonaw�rNotliNess�d.Extens�onofthetimetorpaymentormodlticetic�ufamortlsationotthesumsaecuredlsythfs �
<br /> • • Oeed of Trust granted by Lentler to any succeasor in intorest of 8orrower ahall not o�erate to releaae,in any manrrar,the
<br /> . • Iiabitllyoftheorig�nalBorroworond9�orrawar'ssuacessorsinterost.Lenderehallnotberuqu�rotltocommenceproceedinga
<br /> � agelnat such auocessor or refuse to extend time tor payment or otherwfse modly amortlzarion ot ttfe suma eecured by thie
<br />�l Deed of Trust by reason ot any demand made by the origmai 8orrower and Borrower's sueceaaors in interest
<br /> 11. Forbararte�br Rleda Nol a Watwr.A�y forbearence by Lender In exercising any rlght or remedy hereurtder,or •
<br /> , othetwise aHaded by applicable law,shal��ot be e wawer of or preciude the exerciae ot any such nght or remedy The
<br /> procurement of fnaurance of the payment ottaxes or other Itens or charges by Lendershall not bea waivorof Lender'a rightto
<br /> . � accelerate the matunty ot the Indebtedness secured by this Deed of Trust
<br /> " 1�. RerttRdl�s Cumutatir�Ait remedies provided in this Deed of Trust are distinct and cumutative to any other right or . ,
<br /> remaiyuncterlhfsDeedofTrustoraftordedbylaworequiry,andmaybeexercisedconcu►rendy.independentlyorsuccessively. ,..� �.. .
<br /> 13. Succatoes�redAs*qns8ound;Jof�andSweatUabWtr:Cap�ons.Thecovenantsandagreementshereincor�ined
<br /> ' . , shal�bind,�ndtherightshereundershellinureto.thereapectivesuccessoraendessignaofLenderand8orrower,subjectto
<br /> „ the provR9ioaspf paregtaph 17 hereof.A�I covenants and egreeme�ts ot Borrower shall bejointand several.The ceprionsand •
<br /> ° headings of Me paregraphs of this Deed of T►ust are for convenie�ce only and are not to be used to interpret or deflne the • .
<br /> provielons fiereof. ' .1 ; �
<br /> 1�. Notice.Exceptforanynoticerequiredunderappltcabielawtobegiven�nanothermenner.(a)anynoticeto8orrower �
<br /> providedlo�inthisDaedofTrustshalttlegrvenbymaiG�gsuchnot�cebycertifledmeiladdresaedto8orrowerattheProperty • �
<br /> -�.����,. ,. Address or at such othar address as Borrower may designete by notice to Lender as provlded hereln,and(b)any notfce to �, �
<br /> `�•� lendershallbegivenbyceetifiedma�l.returnreceiptrequested.toLender'saddressstatedhereirtortosuchotheraddressas
<br /> ' ' Lender may deeignate by notice to BoROwer es prov�ded herein.Any noUCeprovided tor�n thfs Oeed of Tru9t shall bedeemed ��-
<br /> " to h&ve been given to Bonower or lender when gwen in the manner designated herein. I �� ' {
<br /> '14.1 "Requestto�Notice.Trustor and beneficiary requeat that a copy of any notice of detaultand notice o}sale made or � :;; 'i
<br /> • ,. executetl by the Trustee pursuant to the proviaions hereof be sent to the Trustor and 8eneticiery at thei�respective mailing
<br /> addressea set torth above." �� _ � ;
<br />_ -------- !9. !!s�lams!?r.s!at Tnsat;flavsm�sg Larr: �avsFaislt{i}r. Tiie�i8�lii 8i d88if vi tiiiSt G�7riiiNR85 UTiiiDii�i GOvbfiB�iifi 10i =
<br /> national use and non-undorm covenants with Ilmited vanadons by�unsdiction to constitute e uniform secunty instrument
<br /> covenng reel property.This Oeed of trust Shalt be govemed by the law of!he jurisdicdan in which the Property is Ioceted.In ��•�� �
<br /> . the event thatany provision or clausa of th�s Oeed of Trust ar the Note conflicts w�th epplicable law,auch conflict shall not �.,;t� ,
<br /> affeCtother provisions of this Oeed of Trust or the Note which can be given etteatwithout the Conflicting prov�siqns,and tothis
<br /> '. , " end the provi�ons of the Deed of Tn,st and the Note a�e declared to be severable. ;�:'�;
<br /> 1E. Botrower's Copy.Borrower shall be furmshed a conformed copy of the Note and of this Deed of Trust at the time of i .�,.:y�.�
<br /> ~',.� execudon orafter recordation hereof. .- _. ��<- • •� " . �-
<br /> � 17. Ttanster ot tqe Propo�ty;Assumptlon.If atl or any peA�y-l�ie p?d��' d��n interest therem is sold or transferred�y ! ���;r`�,1
<br /> � Borrower without Lender's prior written consent,excluding(a)th�i��fid��jte1� �e�cumbrance subordinate to this Deed �;:�'�'...,,�,
<br /> � , ofTrust,(b}thecreatio�ofapurchesemoneysecuntyinterestfOrlia�keNott7s}f�311dr��es,(cletransferbydevisedescentorby �� ��'��"���'° .
<br />_ operatlon of law upon thedeath of a�ointtenantor(d�the grant�tany leasehotd interestofthreeyears or Iessnotconmining an ���'�'��''�
<br />- optlon to purchase,Lender may,at Lentler's option,dectareatl the sums secured by this Deed of Trustto be immedletelydue � -
<br /> y end payable.Lender sha�l heve wa�ved such option to aCCelerate if,pnor to the sale or transler,Lender and the person to � • �
<br /> ., whom the Properiy�s to be aold or transterred reach agreement m wnting that the credit of such person is sadsfactory to � ;. ��"�`
<br /> ' Lender ac►d thettheinterest payable on the sums secured by this Deedof Trust shatl be at such rate es Le�der shall reques�It I �,;;_,��: ��
<br /> .+ Lender has walvedthe option to acceterate provided�n this paragraph t 7,and�t 8orrower'ssuccesaor m interest hasexecuted i . .
<br /> , a wr itten assumpt�on agreement accepted m wnting by Lender,Lender shall rolease Borrower from eII oblfgatlons undor this
<br /> � Deed ot 7rust and the Note. I
<br /> ' It Lender exe�cises such option to accelerate, lender shatl mail Borrower notice of acceleratlon in accordance with
<br /> . par8graph 14 her�of.Such notice shall provide a penod of notless than 30 days lrom the datethe notiCeis mailed w�thin which � , �_
<br /> 9orrower may pey fAe sums declared due.li Borrower tails to pay such sums prior to the expiration of such penod.Lender � �
<br /> � � may,w�thout further notice or demand on Borrower,mvoke any remediee permitted by paragraph 18 hereof. � �,�.,. �
<br /> � NON-tDNIFORM COVENANT3.Borrower and Lender turther covenent end ag�ee aa followe: � ••;`:.,.+'
<br /> .. � , 18. Acceluatton;Fi�metlles.ExCept as provided in parag�aph 17 hereof,upon Borrower's breach of any covenant or
<br /> � agreementof8orrowe�fnthieDeedotTrust,�ncludingthecovenantstopeywhendueanysumssecuredbythis0eedotTrust � �
<br /> Lender prior toaccelerat�on shall mail notico to Borroweras provided in paragraph 14 hereof speciNing:(1)the breach:(2)the • �
<br /> action required to cure such breach;(3)a date,not Iess than 30 days from the date the notice�s mfliied to 8orrower,by wh�ch � ,
<br /> such breach must be cured;and(4)thet faiture to cure such breach on or before the date specdied in the�ot�ce may resuft in .
<br /> " �acceleretiorrofthesumssecuredbythis0eedofTrustandsaleottheProperry.TNenoticeshallturtherinform8orroweroftfie ' . �
<br /> < � right to remstate after acceleration and the right to bring a court action to assert the non-ex�stence of a defautt or any othar ' '
<br /> , ' detenee o}Borrowet to ecceteration and sale.lf the breach is not cured on or betore the date speci8ed in the notice.Lendar at
<br /> . L i Lender's optfon may declare alt of the suma secured by th�s Deed of Trust to be immediatel due and payable without further
<br /> � demand and may invoke the power of sale and any other remedfes perm�tted by applicab�e law.Lender shall be entiNed to � �,;',•
<br />-•. collectell reasonade costs and expenses�ncurred in pursuing the remed�esprov�ded in the paragreph 18.mcluding,but not .,IJ%`.''
<br /> . , limlted to.rea9oneble alforney's fees.
<br /> If the powar ot sale Is Invoked,Trustee shall record a notice oi dofault in each caunty in whieh the Property or some part � '
<br /> thereot is Iocated end shat�mai!cop�es of such noUce�n the manner prescribed byapplfcablo taw to Borrower and to the other � �
<br /> � persons prescrlbed by app�icable Iaw.After the lapse of such tfine as may be requued by appllceble law,Trustee ahall give ,��.
<br /> '. • • public notice of sale to the persona and in the manner prescnbed by applicable lew.Trustee,wlthout demand on Borrower.
<br /> , sha11se11thePropert/atpubllcauctfontothehigh�stbidderatthetimeanapleceandunderthetermsdesignat�d�nthenot�ce . '
<br /> � of s81e in one or more parc�ts end!n such order as Trustee may determine.Trustee may poatpone sale of aIl or any parcel of
<br />, . ;(• the Property by public announcement at the t�me and place of any prevfously scheduled sale.Lender or Lender's des�gnea
<br /> ;; . , may purChase the Properly at any sale.
<br /> ---: �' Uuonrecemtnlmvmantnfthann�abid Tnmemotiouad�,.e.•...tie..........�...r.....�..�..a_-._.,-••__--...-n----�.__.� ..
<br />.----. - .. pv.v..uw...vuwv e voov�.v...v�... u w��vym a�an V. ---
<br /> : Therec�talsintheTruatee'sdeedshaltbepnmatac�eev�denceofthetruthofthestatementsmaGetherein. rusteesh8llapply
<br /> ; ' ,j theproceedsofthesalp�nthefoltowinqorder:�a►toallreasonablecostsandexpensesofthesale,mcludfng,butnotllmitedto, '
<br /> '� � . Trustee's foesof not more than_ gb ot thegross sale price,reasonable attorney's feesa�d cosb of tftle svidence: �
<br /> �• (b)to all sums secured by thts Deed ot Trus�and(c)the excess,H any,to the person or persona legelly entftled thereto.
<br /> 18. Bonow�r's Ripht to Rsindate.Notwithstandfng Lender's acceteration of the sums secured by thia Deed of Trus�
<br /> �, 8orroworshafl havethe rightto have any proceedinga begun by lenderto enforce Me Deed of Trust disconHnued at anytlme
<br /> prfor to the earlier toxcur of(i)the tiRh dey before thesate of the Properly pursuant to thepowerof salecontgined In the 0eed
<br /> � • ot Trust(if)entry of a�udgment enforcmg this Oeed of Trust�t:(a)8orrower pays�ender alI suma whlch would be then due
<br /> ;� under thia Deed ot Trust the Note and notes securing Future Advences,if any,had no accelereHOn xcured:{b)Borrower
<br /> curea alf bteaches of any other covena�ts or agreements ot 8orrower contamed In thfa Oeed of Trust(c1 Borrower pays ell
<br /> � � • reasonabt8expeneesincurredbyLenderandTrusteeenforctngthecovenantsandagreementsof8pnowercontafnedfnthfa
<br /> Deedot T�ustand m entorcing Lender's and Trustee's remed�os as prov�ded�n paregraph 18 hereot,inCluding,butno!Ilmited
<br /> , to,reasonab�eettorney's tees:end td)Bor�owertakes such act�on as Lender may reasonebly�equlre toessure thatthe Iten ot
<br /> " this Oeed of Trust,Lender's fnterest tn the Property and 8orrower's obligation to pay the sums secured by this Deed of Truat
<br /> .� shell condnueummpeired.Upon such payme�tand cure by Borrower,th�s Oeedof Trustand Meabtfgations secured hereby
<br /> shall rematn�n 1uH force and eBect as d no accelerarion had oceurred. �
<br />
|