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<br /> Y < �� ,ihe pmceeds shali he ap9lted to the su�secured by this Deed of Tnui. -� �:E t .
<br /> � �`"" s' tn the eveni uf a to�i�g o�the PropenY -
<br /> j-; tatcmg ot the ProDertY.unless Barower end lender b , ' � , �
<br /> ti�{Y it enY.P8€d to Batrower. tr►the eveni of a parNal ;€�� <i� �
<br /> �g �:�:�`�� .,.� o��e e�iri writ�n g.tttete Sh2D bA SP01iBd to the Sprt1S SBCUr@d Dy itu3 Deed af Tmst SuCh RfOpORi0t101 ih8 O�aC�eds - _r .
<br /> •�T;� ��`-. as is��1 to that Oraportlon wt�tch the amoum of t�mmedi�s t�.t V�ed bit e�da�te of�kin�with Me ba�lar►�o the proc�eeds L a ,� , " :
<br /> 6ears W the ta'v msr�et�uadie of the p roDenY '�,�- �-y � ,�
<br /> Y � '� i�n�: �Boncwer. � -
<br /> ` ��;� �` �f�proy�y is abandoned Iry Barrower.at ff,ener notice by Lender to Banower that the condemnor offe�s to mate t ,^ r� <
<br /> F an awaN or settfe a daim tor damages,Bortuwer fa�s to resAond to lender withEn 30 days aitei t�e date s�+�^ob��s ` ° ` zr `z '.,�`
<br />_-c_c ` . r .Gw . . .
<br /> �_�-• the proceeds.at Lender's option,either to restorat+on or repair of tAe Q �r �i.;
<br /> • rt a i l e d.L e n d e r i s a u t h o r a e d t o c o l l e c t and a p p l y, �
<br /> • propc3rty or to the sums secured bY this OQed i f�nut- I�cation of proceeds to principai shall nat extend
<br /> �� Wdess Lender and Boaower otherwise ag ee in writin g.anY suct�aA0� ;
<br /> F:.-�-�-�-�� or pnstpane the due date ot the mu r�h l Y a u��r e f e r r e d t o i n Q e r a g r a phs 1 and 2 hereof or change the amauni ot such f .S = �,� t�
<br /> .�'� instailmerns. � �r y :� �
<br /> �, fiz�- �-f j0, got[ow�Not Released. Extensian o f t he t i m e f o r p a V m e r�t o r m o d i fi c a ti o n o i a m o rt i a a Uon of the surr+s serured - ��.. s y
<br /> '`� °' F , by ttns Deed Of TNSL gTe!tted bll��toar�y su�ssw io isiteresc of Borrower shatl not operats to release,in e�syt manner. �F �
<br /> t _, the liabitity ot the ongmaf Borcower and Borrowe�`s successors u+teresc• �e�ae►shaU not be requ'ued to commence � , �
<br /> , .� proceedings against such§uccessor or refuse to extend drnE far paym 8orrov�end Ba�rod'wela's su�ars inm ter�t. ��* . < -�,
<br /> � ,L.� : � tlds Deed of Tmst b51��of arry demand made by the orig�nai ri At or remefil hereunder.or �. r :
<br /> ��by Lender�yot a Waiver. Arry forb,earance by Lender in exerasin9 anll 9
<br /> r -}; r4.`��. o��e afforded by appttcabte law,sha11 not be a wa�ver of or prechide the exercise af any suct►r!8ht or rem n►e ��,� Y�K r � F ..
<br /> . } :; ;,�_ pmcuremerrt of insurance of the payn►ent of taues or other�iens or charges by t-ender shafl not be a wa�ver of Lend�s cight .�{ . �s M-1f
<br /> _s�z _.�, to accelerate the mamrity of the indebtedness secured by tfiis Deed of l'nisi. �, L _. �°: L ` .
<br /> ..,,. �.}-.. 72 Reme�ee C�unuiativa. AO remedies provided in this Deed of Trust are distinct and cumulative t�peo��90 f , G
<br /> ` " or rerr�edy under tfiis Deed of uust or afforde0 by Iaw or equitY,end may be exercised concurrer�tN, it . 4
<br /> { o-: successivety. ans. The eavenarns and a eme�rts herein �; � ��T
<br /> r _ 13. Sucoessas snd Ass�s B�t�%JNttt ar+d Sene►al Lta6itit1/'CeDB of Len er and Bom�wer, '
<br /> � r cur►tained shaA hfiQ and the dghcs hereunder stiall irwre to,ihe respect�ve eirts�af Bano��shall�De joint errd sev�al. The r •` �r �:
<br /> � , :; s�pj�t tn ttte Provisior�s of paragtapb 17 heteof. All covenalrts end egteert► �' `'`°�'`"'�`'�'`
<br /> `�`-�: �.-. ceptions and headin�s of the paragrap�s of this Deed of Tn,st are for convenience onty and are not to be used tn int�rOret f r
<br /> ot deftne thepcavisions hereof. '� �`` � � '
<br /> ��'� '=:� 14. Notice. E�ep t� for arry notke re4iared under applicabte law to be given in.another marmer,let anY notice to ,�, . r � h : t,:
<br /> � % � ; x� garto,Np,r provided tor in tlds Oeed of Trust shaU be g�ven by maTmg sc�ch notice bVi cerulied mal addressed to Bonower at `_ ,�T �Y�
<br /> �. .� � the Pco�pertt►AQ�s or at sucF►otfier address as BorrowPx�I designate by notice to Lender as psavided herein,and lbi �� ^ ,,�}_-
<br /> �� y�' t 1 0 Q08 LO LBMBI Sh811 b@ Q�V811 by CBtt��6d f�81�.feUlm t2C61�i f@QUBSt�.20 l.8fld8�s 8dQ(8S8 S[8L@d hSfBIR Of t0 SUC�t f' � _Y.41- ��
<br /> _ tii�,:��' ��eQaress as Lender may designate bV no U c e t o B o r r o w e r a s O ro v i d e d h e r e t n. A n Y n o t l c e ptovided tm in this Deed of r .: � _. ,��.
<br /> r,.. Tn�st shafl6e deemed to have bean given to Bonower or Len�at a c�o p�yof a�ncti�ce of defa�uit and notice of sate made � � ;,� '�
<br /> ' r ` •1 4.1'R e q u e s t b r N o t i c e. T n�s t o r a n d benefi a a r y l�� �pr en d Bene flciary e t t h$�r r e s p e c t i v e m a i l i n g ; f« �
<br /> �<' or exeaited b1/the Tn�stee Pursuant to the DrovLions hereo#be sent to the T �` :
<br /> ' ,� A -� addresses set forth a6uve.' ., �'���3�z�'
<br /> ` ?° = 15. Unffarm�eed ot Trus�Qovemte�Law:SsverebiQtll• The torm ot deeQ of uust Combines uetfomn covenants fur ...�.....:u.-.
<br /> �., ,� r :; national use and norwTh���o���ll be�ovVe ed b the Iaw of�e iu�risdieti�on�in wNcb the PropeR is tocat�ed• ,� ` ���t
<br /> . ` r•"�-.-:«`"�;. ����p��' visfon or dause of this Oeed of 7rust m tt�a Note conflic[s wtth appticaDi818w.such eoniGet sha{I. H — �- '�. ,,`
<br /> In the svent that eny pro�
<br /> �+� `• not affect oMer provtstonss of this Oeed of TQUSt or the Note whicb can be gtven effect without Me canfiiciing provJsions, y ' �'� �
<br /> aad to this ead the D�n�is�ons of the Deed a�Tn�st and the Note ate dectered to be severabie. �. '"�4 r
<br /> � � ~ 16. B m r o w ds C a p y. Borrow e r s h a i l b e t u m i s fisd e confortned copY afi the Nate and ct tl�fs Oe�ot Tnut at the time f S T ��f��, �
<br /> J � of execution or atter recordation hereoL : - t� ,.
<br /> � �' 17. T�s fa o f t he�e R Y A s s u�D�� �f a 0 o r a r►y O a R o f t h e p r o p e R y o r a n i m er e s t therein is aoid or uansferred ��� � �
<br /> ,..,�� ,..
<br /> �, p � � b y gprrpwet widwut lende s pnor w�tten consent,exclu din g(a)the creation of a lten ot encumbrance su bor dinate to t h is �� �, 4��;
<br /> - � °���= DeeO of Ttust,(bl the creation o t a pu r c hase m o n e y s e c u n t y i n t e r e s t�f a s�s s�ef t�t�,eas�irK�of�tl►r�eeyea�s or `"�i:�3�_'� :'�. ?_ i+
<br /> F descerR or by operation of law upon the aeath of a jaiM tenant or.tdt� a11 me�����d tiv t�s pegd of Tntst �
<br /> ` "� less not cor�irun9 sn aPtron to urd�ase.Lender may,at Lendets opti� � LenQer ° � �
<br /> � �•� to be immeCiace11l due end 08�1e. Lender shaU iiave waived such oA�3� ate if,pe�For to tha sete or uanster, .
<br /> .�. . .. -?�' ..
<br /> '' '�•� ��J'` end th�gperson to whom the oDen11�to be sold ot ttansteaea reach Bt�t in writing that the Credit of such petson ,,•, _-;. 4'
<br /> °�.:�`,` .s;L� • is satisTactory to Lender and that tha iMer�t DaYabte an the sums seaued by this Oeed ot Tcust shall he at sueb rate as
<br /> . � �':"`f Lendet shafi request. If Leader has walved the option tu auefetate provided in this paregrapb 17,and if BorrowePa � � ����-.
<br /> �� succeasor in interest has executed a writteo essumptton agreemsM accepted in writing by Lender,LenQer.shafl reteese � � • *�,� r r;�
<br /> ' � r`°= Bottower from a0 obligations under this Ceed of Ttust and the Note. .
<br /> ��
<br /> N Lender exercisea sucfr oAtlon to ecceferate,l.ender shall mail Bonower notice of acceteration in accordance with ` ,� }�s� —
<br /> ' + , r °,.;s � paragrapn ta nereor. Such noilce shai!provi�e e Pe►iad of not tess than 3a daYs iram the 0ate the notica�s mailed wtthtn n =
<br /> ; , ,f, yVhir�Borrpwer may pey the sums declared due. If Borrower tai{s to paY����P�or to tAe expi►etion oi 5uch period, , " �
<br /> �: , .-...;:•. - Lender may,wiihout iwther nottce or demaad on Boaower,iavoke arry remeQies Permitted bY 0�9�Dfi 18 hereof. + '�•,��r
<br /> `'� '' �i'-•' NOMdlNtiOAM COV6YANTS. Bomow�aM LenQ�turtlser covenant and agree ea foQows: ��., .��-�
<br /> � • � t:_:' ,..�;
<br /> . : �g�p�pe;Etemedtes, Except as Dravlde0 in pa►agrapb!?hereof upon Bortawers breach ot 8ny Covenant or f�+.
<br /> 1 �: 'y� agreemern of 6orrower in this CeeA of Twst,inciuding the�covenartts w DaY when due efil sums Secure0 by Ws Oeea of ,'�� �Z�a�-
<br /> ; � ` Tnrst.Len6et prtm to acceteretton st�all mait rtoUce to BoROwer as providea in paragraDh 14 hereof BAecifylng•(11 the breaeh: ; �y�r �.-
<br /> T.:',, . ,. ;'1; (2)the actton requke0 to eure sucb breaeh;(3 a date not tess than 30 daye irom the date the aotiee i8 maite0 to Borrower, . ,
<br /> by which such breach must be cured;an0 i�1 that faiture to cure such breach on or betore the date apecitted in the nottce � � � ��•
<br /> , a '" ` ;;;:� may�esu�t in ecceteration of the sums secured U1►�Oeed of Tn�st an0 sate of the Proper►y. The notice shall tuRher�►farm : '.•*�.':
<br /> ��°-��°'��--��� Boaower of the right to te�nstate after acceteretion and the dght to bring a couR action to asseR the non�existence oi a �.., .P, _:, �•
<br /> ` �•'� Qefautt or a�ry other defense ot Bortower to acceteretion and sate. tt the breact►is not cured on or betote the date specilied ; -�
<br /> .A•. i n t��t ice,L E n A�e t t e n 4 e f s o p t i u n m a V d�lace aU of the sums sec�med by this Ceed of Trust t�b�lmmediateptwyn`due,e^n0
<br /> - * .' 7lWYIAWW� � t �'4 f' �,N'15i .
<br /> • f�:;: payabte without turther demand and may invoke the power ot sate enA a�ry ather remedies p e rt r�t t e 0 b Y eA0 ; �.�, ,
<br /> ' Lender shali be entitted to cottect a11 teasonabte costs anA expenses IrtcuneA in pursuing the remeQles p:avided in the ' �
<br /> �::. - paragreDh 78,inctuding but not limited to,reaeonable attomey's feea. �,,..,,
<br /> j..-
<br /> �� (t thB power of safe�s imroked Tn�stee shatl recard a notice of Oefautt in each couMV in wh3ct�the PropeRy or some paR ,.
<br /> - �" thereo!is(icated and aha0 mail copies of suot�notice tn the maroiet D�esc�bed by ep0licabte taw�tro�bte IawBT u�sdtee shall g e <` _
<br /> � persons prescribed by applicab�e law. Atter the lapse ot such tlme as mey be required by appf .
<br /> .I r::.�i Q u p t i c n o U e e o f s e t e t o U f e p e�s a n s a n d i n t h e m a n n e i p r e s c ri b e d b y a p D�icabte law. Trustee,with4ut Qemand on Borrowe�, � r .
<br /> ` �t, shatt sell the Praperty at pubtie aueUon to the higl�est biQdet at tho tlme an0 p�ace and un Qer t he terms d e s ig n a t e d 1 n t h a
<br /> �•� mtlae ot se t e i n one or more pa r c e l s an d in such order as?rustee may Qetermine. Trustee may post�one sate o1 atl or arry : � .
<br /> _ . .:•. s parcel ot the Property by public armouncement at the time and ptace ol amr previausiy sche Q u leO sa e. L�ender or I.snQer's ;�.�. ,
<br /> �:.� Aesignee may purchase the Praperiy at eny sale.
<br /> �_' Upo�nreoeipt ot psyment ot the priee bid.Trustee ahail deUver to the purchaser Tnistee's deed eomeying the Prapeny _
<br /> �' � sald. The�eate191n the Trustee's dead shail be prima facie evidence of the truth ot the statements maee therein. T�ustee
<br /> ' ' shail ap�ty the proceeQs of the sate ln the toitowing otder.ie)to ali teasartabte costs an��fe�1�a f�e�es en��n ,
<br /> _,� _ ;r but not limited to,Trustee's feea o!not more than %of the grass sate Pnce•
<br /> -::, of Ntfe evidence;lb1 to ell sums secured by this Oe o ►ust;and lc)the excess.if any,to the pe�son or persons tegalry
<br /> r entitled thereto. , �
<br /> 19. Bonowe►'s itlgAt to Relnstate. Notwithstanding Lender's ecceleration o!the sums secured by thia Oeed of Tnist,
<br /> Borrower shall ha+re the right to have arry prooeedings begw►by Lender to enforce the Desd of Trust discor�tinue�ae any time �i. �
<br /> � dar to the eartier to occur of(�?the fifth day before the sate of the Property pursuant to the power of sate contained in the +
<br /> ,. ; rrower
<br /> �eeA ot Tru.t Gi)entry ot e�udgment enforcing this Deed ot Tn,st if: IaI eo pays Lende�aii sums whlch wou10 be then
<br /> °? ��� � due under tNa Deed ol T`�ust,the Note and notes securing Futwe Advances.ii amt.had no acceleration occurred: (b) _.� _ _T _•.
<br /> ^;`.;
<br /> ��� : , Bortawe�a�re.9 ell breaches of eny othe►covenants or agreements o!Borrower conteined in this Oeed of Trust: (c)Bottower , , �
<br /> t ° • peye eU reesonebte expenses incutred by lender and Tnistee enforcing the eovenanta and egreemertts o!Borrawer cont8ined •;
<br /> in this Oeed of Tnut an0 in eMordng LeMera end Tnistee's remedies as provided in paragrapA 18 hereof,lnciuding,but not �,, :
<br />_ .• .� ,.�:� ' . flmited to,reasonabte attomay's tees;and (d!Bonower takes such action as Lender may reasonably require to assure that �
<br /> - � � ' the tien of this Oeed of Trust,LenQers interest in the Property an0 Banower's obiigation to pay the sums secured by this �_..,.� �'�,;
<br /> ` � ���.: Deed of Trust she0 eorair�ue uNmpaired. Upan such payment and cwe by Borrower.this Deed of Trust an0 the obtigations •�.. •• ,
<br /> � secure0 hereby shail�emaln in tutl force and effect as it no acceleretlan hed occurred.
<br /> . . ,;� cc toa3 te�es� 3 .i,� • . . -
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