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<br /> J. ��ocl�'r���e:L'ni�.Thn prncccda ol any ae�ard or clnlm f�r dmm�gea,dirccl or caRS,n,u:.nU�l,in co�9nCCElon r�it�i nny
<br /> . can9omnnt�on��oth�rialE�np o11ho Proporry,or partlh�raot,or for ccnvoyonc�m Ilauof con:lcmnG4on,Croh�rG�;�nc:�iy�ncc�
<br />- - -_-----.= nn�l.�.nn Itnnats4lnlJtedcr. ..,_ r.� e�....a��v. � �ith �-__-
<br /> � � In tho ovenl 0lol�1nll�akmc�of ti�c�Properiy,the procc�da chan ao nppii�d io in��u���:,oB::u��,d;t...o s,�,.•,..:;e.,::.... _
<br /> !h�ouca�s.d nny,pa�d io Qo►vov�or.ln Iho ovont ot o purtial tnkinp o1 tho F'rapotry,unles3 F.�oirowar arts!4encier othcrwisa � .
<br /> ngtceinwritlnp,thorc�ehnllboapp{fedt4ihaQUmrast�curadhylhf�DcedofY�uctauchp�o�SO�4fonU}tito RlOGe�.'C3a1918F3CJl1PI�fl ��
<br /> - � . �hrlproportlon�uhichlneemoumollhAeumseecuredbythiapaedo}Yrustimmedlatelyprlortothedmtoott�kingbea�etoc►ia �_';<.._::�
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<br /> lair markot valuo ol li�u pPOpoot��Irtnmcdiatcly prinr to iho dnto of takinp,wlth tht�balanca o9 lHa procsQds peid t'��r�o�o�.
<br /> it the i�ropor4y s at�enc9oneci b F3o��towc�6,or ir,ufi:;r nc,:lco�y Lcnd�f tp��3CfOC��cr th�f tq�r.on�fAmn�r afta�i�to c��Ak�r�n �`Y ._
<br /> . � y :w,.-___-
<br /> -�•� " ° !� 3v;erd ur se�tle»claf�nlor demeg�,8orrowertaile to rgspond to l.encter within 30�eye etter tho dets auCh notice iy mailed.
<br /> _ �� �:^� Londer�s authoaised Socollecti and epply the procoeds,at L.ender's aptlon,elther to r�staretf on or ro�ir�ef the Property ar to �;-, ,__
<br /> -- Ihoeumsaecurodby thfs Qcedof Trust. ���•��''1-
<br /> � ' '"'��� : UnlassLondarandBortowerotherwiseagreeinwriting,anysuchepplicaUonofproceedstoprinci�alsheU�otoxtendor 6�:��a�'-�'
<br /> �. � � pc�t�onv the duo daSeof the monthly installmenis rotarred ro in par�igraphs 1 and 2 hereof or change tha amauet of auch ��
<br /> ry�.�_—
<br /> . in�tellments.
<br /> „ 10. BorrowarNolN�iea��d.Extensionofthetimotorpaymoe�4ormodffi�ai�ur��iemortl�.!.:.�ofthesurnasdeuredbythis itti�-`::=-
<br /> Doed ot 7rust granted by Lendor to nny successo�in Intorc�t ol Barro+.7er shall not operate tn release,I�eny m9tnner,th9 '�'�=---�'"Y�-
<br /> ' Iiabflttyotthaor�gmal8orrowerend dorrowar'sauccesaorslnterost Lenderehallnotba�eQulredtoco�nmencepraceedirtgs
<br /> against such successor orro+luse to extend time for paymant�r oiherwise madlty emortlzatlun of the aumt�aacurnd by this
<br /> :� Oesd o1 Trusl by rcason ot e�y demend made by the orlginal gorrower and Borrower's euacestsoro i�Intareat _��
<br /> ' �� 11. ForlH�nnc�hy L�n�ar�lot a Wr-,iv�r.Any forbeamnco by Lender in exercl9ing eny ripht or remedy hereunder,or ^�
<br /> - otherwise�11or�ed by nppilcable luw,shnll not 6e a weiver of or preclude thn exercls�of eny ouch riflht os ramsdy.The —.
<br /> procurementof insuranceolti�epaymentoftaxssorotherliensarchargesbyLendershellnfllbeawalveroflendersrigt►tto
<br /> �°'' accelerata the metur+ry of IhQ indsbtedness aecured by this De�d of Trust
<br />� 12. Rem�d3e�Cuni�statlu�All remedles provfded in thia Oead et Trust�re distinct and cumulative to any qther right or
<br />��' . � remedyunderihis0�edofTrustoraffordedbylaworequlry,andmaybaexorcisedca�cu��ds�y.ind�r%ar!'Y►�yor��c..�.�lvel;t. ��.'
<br /> ��� � � 13. Suce�sonandRsqn�Bound�JolnUndB�v�alLlabliVl�r;CspUo�s•Thacovenantsanclagreecn�nbherelncont�in�d
<br /> ' shall bind,and the dghts hereunder shall inure to,the r89p�ctfve succe9soB and e�ssignsof Lenderend ea�rrower,subjeat to FS�Y
<br /> ., . theprovisionsoiparagraphl7hereof.AllcovenantsendagreomentsotBc►rrowar�hellbe�ointendseveral.Thecaptlonsand�
<br /> heedinqs ot tho paragrep fls o f t h�s�ee d o f Trus t are(or c onvanlenca onl y artd ara nat to bc3 used to intsrpret or detin�the ��,`'
<br /> • . � provlsions hereot. �=
<br /> 1�. Noticm. Excep►lorenynoticerequiredurtder�pplfaabtelawtobeplven(nanathermanner.(a)any�oticetoElorrower t�
<br /> "' rovidedfarinthlsDesdotTrustehalibeflivenbymailtngsuchnoticebycertitiedmalladdr�ssedto8orroweratlhaPro{ra►ry `.�"'`"'
<br /> y . ��� Address or at such other addreas as Borrower may designate by notice to Lender a9 provided herein,anA(b)any notice to �;��?„-,
<br /> • � '�" lendershallbegi��enbp cedifiedmail,retumroceiptrequested.tpLender'seddressstetc�dhereinorrosuchotheraddr�saas
<br /> ° Lendermaydes�ynatedynoticataBorrowe�asprowdedhorein.AnynottceprovldedlorinthisDeedafTrustshallbe�deernad �,__
<br /> ' to have baen{�iven ta Borrower or Lender when iven In the manrter desi neted hersia. ^
<br /> � •14.1 "Rea►uest tor Notice.Trustor and beneficlary reQuest thut e copy of any notice of�etault end notice a1 sale made or �--���A
<br /> - r...��.,,..,,.d..s..•...�tio�.,.��.�i.,na r+o�p�r nQ aent to the Tru�tor and 6eneficiary at thofr respective mailin� �'�;
<br /> _. .---�-=i nwccuibu'u�ii�c �...,,,.. �.,.� .._...._..._� _.._
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<br /> . . . .. tlUUIC79Q�O��si�1 o�iv� .
<br /> - 15. Unitorm Deed of Truat;GowrMlq Law;Saverabitity.The form of deed of trust combines uniform c:ovenants for �_
<br /> national use and non•unilorm covenants w�th Iimited vanatians by j�risdiction to constitute e uniform security instrumont ;=-
<br /> covering reai properry.T�Is�eed of Trust snail be govemed by the lew ot the iurisdiction in wMCh the Property is locatod.Y� ,�€-;•',.
<br /> ' the event ihat any provision orclause of this Daed of T�•ust or the Note conflicts wlth aaplicable iaw,such confBCt shall not �,�•,,.,y
<br /> " " aftectothorprovislonsofthisOeedotTrustortheNotewhiChcan6�givenettectwithouttheconflictingproasions,andtotNis �:,,_.:
<br /> � ° end tho prqvisions of Ihe Oeed of Trust end the Note are declered to be severAble. *;__
<br /> ' " 18. BonowK'�Capy.Borrower shall be furnished e conformed copy o1 the Note and ot this Deed o}Trust atthe timo of .,�'>.
<br /> :. execution or after mcordatlon hereot. • �..
<br /> •� 17. Tran�}araf th�Praperty;Aasumptton.If all or any pan of the property or an interest therein is sotd or t►ansferred by ;i:�..
<br /> 8orrower without lender'sprior written consen�excluding(a)the creation ot�Uen ar encpmbrance subordinate to this Deed � ��
<br /> • ofTrust,(b)the creationotnpurchasemaneysecurirylnteresttorhou$ehotdappflanc�x'(C)atrensferbydevisedescentorby ,
<br /> �� oper4tlon otla�uponlhc�death of e�oint tenant or(d)the grant otenyl8asehoidinterdst of threeyearsor less not co�talning an
<br /> � ' optiontopurChase,Londermey,atlender'soption,declarealltF►esumss�CUid�Yb}�thlsbeedoTYrusttobeimmedietelyduo
<br /> ' � and payable.Lender ahall have warvod such option to accelerete iF;�irior t6tfle sAla or transler.Lender end the pE�rSOn to
<br /> � whom the Propbrtyr is to be sold or translerred reach agreemenY in writing that the credlt a}such person is seti8factory to
<br /> �� Lender end thaUhe iNerestpayable on the sums securod by this Deed o4 Trust shafl ba at such rate as Lender�hail request.lt
<br /> • Lender has wa ived 8i�eoption to accelerate provided in this paragreph 17,and if Borrower's successor in interest hes executod '
<br /> „ o w�itton assumptionagreement accepted in writing by Lender.Lender sha11 release Borrowerfrom all obligationa underthls
<br /> .. Deed of Trust and tt�e Note.
<br />, " ;�.,�..;t I(LQRder�xercisos such option to accelerate,Le�der shall meil Borrower notice of acceteratton in accordance with
<br /> ;, ,,;•� paragrephl4hereof.Sui;hnoticeshallprovideaperiodofnotlessthan30daysfromthedatethenoticeismailedwithinwhich ,
<br /> Borrower may pay the sums declared due.If Borrower fails to pay such sums prior to the expiration ot such period,tendar
<br /> ,;��'.�,�c��%�,�'s•, ��'� may,without turther notice or demand on 8orrower,invoke any remodies permitted by paragraph 18 ho►eof.
<br /> •� "` ►YON-UNIFORM COVENAN�S.Borrower en�l Lender tuRher covanant and apree a�tollowa:
<br /> �.��� 1 18. Accel�r�tlon;Rem�alles.Except as provided In paragraph 17 hereof,upon Borro�ver's breach of ony covenant or
<br /> , � agreems�tof�orrmwerinthisO6edofTrust,fncludingthecovenantstopaywhendueanysu��ssacuredbythis0eedotTrus� `�
<br /> Lender prlorto ecc�lora4fon shell mail notice to Borrower as provided in paragraph 14 hereof sposi7ying:(1►the breach;(2)tho
<br /> action raquirad to cure such brQach;(3)o dato,not less than 30 daysfrom the date the notiCe Is mailed to Barrower,by which f
<br /> such breaCh must becu�ed;and(4)that faf lure to cure such breach on or before the date spaciffed In the notice may rosult in
<br /> , acceleretfon of the sums secured by this Dead ot Trustand sele o}tho Property.Th8 notice shell further inform Borrowerot tne
<br /> . right to reinstate after acculeretian end the rlght to bring a court action to essert the non-exfatence of e defa��lt or any othor
<br />- detsns�ot Borrowar Io accetara�ion end sale.It tho b�oach is not cured on or beforo the dete specitied in the notic�,Londor at
<br /> " •- • Lender'o option maydeclare all of the sums securad by this Deed ot Trustto be immediately due and payabla wlthout furtNer
<br /> domand and rney invoke tho powor o1 sale flnd any other remedies psrmitted by epplicable lew.Lender shall be entitlod to
<br /> collQCt all rensonablecosls und exponsos incurred in pursuing the remedles provided fn the paragraph 18,including,but not
<br /> limited to,reasonableat4omey's fees.
<br />- ' If the powar of sato is invoked,7rustee shall record a notice of detault in each county f��vhlch the Property or some pert `.,�:
<br /> thereolls located endshall mail copies ot such notice in ttre manner prescribed by apR��cable lew to 8orrower esnd to the other
<br /> persons proscribeci by applic�+bte Inw.Atter thR lapse of such tima as may be requirod by appiicable lew.Trus4ee shall glve I .
<br /> ` public notice olsatelo!he persons and in the manner prescribed by applicable law.T�ustee,wi2hout demond on Borrower,
<br /> shall se11 the Prapeatyet public auction to 4he high0st bldder at the tlmu and place ond under the4�rms designated in the notice
<br />_ of sele in one or mora parcels end in such order es Trustee may determine.Trustee may pastpono sale ot all or any parcel ot �
<br /> the Property bypumllC annauncement at the time�nd place ot any previously schedulad sale.Lender or Lender's desfgnoo �
<br />. .._ .._-------_.. mou n.ur�Haca fh�Drnnnrtv at anu A01e. �-
<br /> . - ..._>�-._..�_"' ' ' _ _ _...
<br /> � Uponrece�ptof paymen4ottbepricebid.TrusteeshalldelfvartothepurchaserTrusteu'sdeedconveyingthePropartysolu.
<br /> The recitals in Ihe'C'rustoo's daed shall ba prlma feCta evidQnca ot tho truth of tho:,tatpments madotherein.Trustee shatl epply
<br />- �� theproceedsotthesalointhefoilowingorder.(a►toallreasonablecostsandeupensosofthesale,includfng,butnotllmitedto.
<br /> Trustse'sfeosofnotmo►othan_ _ 46otthegrosssaleprice.reasonableettorney'sfeesandcostsoftitleAVidonce:
<br /> � (b)to all sums securc�l by this need ot Trust and(c)the excess,it any,to the person or persons legally entitled t4�ereto.
<br />-- 19. f3orr�wer'e t{I�ht to RNnstato.Nohifthatanding Lender's accqleretian ot the sums secured by thls Doed ot Trus� i.
<br /> -.� BorroworshallhavolherigP�ttohavenny proceedingsbegunbyLendertoenforcatho0eedofTrustdlscontinuedetany4ime !
<br /> _ pnortotheeadiertaoccurotp►tholikhdaybetorethesaleofthePropertypurauanttothepnwerofsalecontainedfn4heDeed I
<br />- ' of Tru�t(ii)entry of a�udgment enforcing thfs Deed of Trust ii:(a)9orrower peys Lander all sums whlch would be then due
<br /> A under this Deed of TrusL the Note end n�tvs secu�mg Future Advances.if eny,had no acceteretlon occured:(b)gorrower i
<br />� '' '., . curos all breache�al a�y o4har covenants or agreements ot Borrower contain$d In thfs Daed ot 7rust(c)Borrowar p�yo all
<br />;;.. . remsonebleQxponsesincur►odbyLandarandTrusteeentorcingthecovenantsandagreementsotBonowercontalnedfnthls
<br /> - " DaedotTrostand�nontorcingl.onder'sandTrustee'sremediosssprovided'anparograph t8horeof,fncludinc�,butnaillmftod �
<br /> � to,reasarableattornny's IQes;ond(d)Borrower takes such action as Lender mvy reasonably rnqufro to assu�o that tho Ifen ot
<br /> •.+� - � thls OQed ot Trus�Londer s intnrest m the Property and 8orrower's obligntion to pay tho sums securad by this Deod of Trust I
<br />� . �• shallcontinueunirnpairod.Uponsuchpaymentendcureby8orrower,thisOeedof7rustandtheobligstfonssecuredhereby �
<br /> � � shall remain in lull lorce and oN�ct as i1 no accelaration hnd accurred. �
<br /> � I
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