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<br />88-104575
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<br />9. Condemnation. The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance In lieu at condemnation, are hereby assigned
<br />and shall be paid 10 Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by Ihls Deed of Trust with
<br />the excess, il any, paid 10 Borrower. In the event 01 a partiel taking of the Property, unless Borrower and Lender otherwise
<br />agree In Writing, there shall be applied to the sums secured by this Deed of Trust such proportion olthe proceeds as is equal to
<br />that proportion which the amount of the sums secured by this Deed of Trust immedlalelyprlor tOlhedate of taking bears 10 the
<br />fair market value of the property immedialely prior to the date of taking. with the balance of the proceeds paid 10 Borrower.
<br />lithe Property is abandoned by Borrower, or ii, after nolice by Lender to Borrower that the condemnor offers 10 make an
<br />award or settle a claim for damages, Borrower falls to respond to Lender within 30 days after the date such notice is mailed,
<br />Lender is authorized 10 collect and apply the proceeds, at Lender's option. either to restoralion or repair of the Properly or to
<br />the sums secured by this Deed. of Trust
<br />Unless Lender and Borrower otherwise agree in Writing, any suCh application of proceeds to principal shall nalextend or
<br />postpone the due date of the monthly installments referred to in paragraphs' and 2 hereof or change the amount of such
<br />installments.
<br />10. Borrower Nol Released. Extension of the time for payment or modification of amortization of the sums secured by this
<br />Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate to release. in any manner, the
<br />liability of the original Borrower and Borrower's successors interest Lender shall not be required to commence proceedings
<br />against such successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this
<br />Deed 01 Trust by reason Of any demand made by the origlnsl Borrower and Borrower's successors In interest
<br />11. Forbe.rance bY' lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law. shall not be a waiver of or preclude the exercise at any such nght or remedy. The
<br />procurement of Insurance of the payment of taxes or other liens or charges by Lender shall not boa waiver of Lender's right to
<br />accelerate the maturity of the Indebtedness secured by this Deed of Trust
<br />12. Remedi.. Cumul.tlve All remedies provided 10 thIS Deed at Trust are distinct nnd cumulatIve to any other right or
<br />remedy undor Ihls Deed of Trust or afforded by law or eqUity, and may be exercIsed concurrently, Independently or
<br />successlyely
<br />13. Succ".Orl. and A..lgn. Bound; Joint and Severat Uabillty; Caption., Tt18 covenants and agreements herein
<br />contlJlned sholl bmd, and the rights hereunder shall Inure la, the respectIve successors Bnd assigns of Lender and Borrower,
<br />sublect to the proVIsions 01 paragraph' 1 hereof All c.ovonants ..lnd agrt;umenls 01 Borrower shall be 10lnt and s~veral. The
<br />capllons nnd headings of 1he paragraptls ollhlS Deed of Trust Rle 101 con\ienlence only' and am not to be used fo Intert)reror
<br />rj"'ln6 tho prOYUlIono hereot
<br />,.. NoUc.. e.cept tor BnV nollce reqUired under applicable low (0 bu glyen 10 ano1her manner, (0) any notice to Borrower
<br />provided for In thiS Deed 01 Trust shall be given by mBlhn$J 6uch nohce by cer1Jfied mall add,essed 10 Borrower atthe Property
<br />Addrel' or at luch other address os Borrower may de~lIgn8te by notice to Lender 85 provided herem, and (b) any notice to
<br />lender shall be gIven by cel1lfled mOil. relurn recelp1 requested, to Lender's address s1ated nerein or to such ather address as
<br />Lender may d8~lIgna1e bv nolleo to Borrower as provided herein Any no11ce provided for In Ihls Deed a' Trust shall be deemed
<br />'0 hovo been gIven 10 Borrowel or Lande! when given in the manner deslgna1ed herein
<br />IS. UnHorm OMd of Tru.t; Gov.".lnll ~w: S.v...bIMIV. The lorm 01 deed ottruSI combmes Uniform covenants lor
<br />nollonol use and non. Uniform COyennnl5 with limited vortstions by JUrlsdlC110n to constl1ute 8 uOIform security Instrumen'
<br />covenng fonl propu"V ThiS O~od of T I ust shall be governed b~ 1he law of Ihe IUrlsdlctlon In which the Property IS located. In
<br />tho event that .ny p.OvlDlon or clouse 01 thiS Deed 01 Trust or tha Note conflicts With eppllcable IB~, such conflict shall n01
<br />affecl other provlllon.ot thiS Deed of T rusl or the Note which can be given eNecl without the conllictlOg provlsions,and tothis
<br />end the provl..ons 01 the Deed of Trust and the Note Drc declared to be severnble
<br />11. Iona..,'. Cop,. Borrower sholl be rurnlBhed 0 conlormed copy of the Note and of 1hlS Deed of Trust at the time at
<br />e.aculion or (1"e, recordation hereo'
<br />17. lr.n.t., o. the Propefl)l; Auumpllon.1f till 01 iHlt ~i.lrt uf lhl: ~rv~\~II~ or 1"Ul 1"1l!rO';it ttlortJllllS sold OIlransfelfed by
<br />Bortow., Wlttloullcnde,'s prior written consont, u.cludlng l3J 1htJ crtJu110n of 0 lien or oncumbronce subordlOa1etotnll Deec::J
<br />or Trult. (b) the cle.tlon 01 a purchase money security mterest .OJ househOld appllanctr'~ (C) 8 tfansfer by devlae dncentor by
<br />oporatlon 01 law upon the doalh of a JOint lenant or (d) the grant 01 any leasehold Intorest of three years 0,1811 not containing an
<br />oplion to purchase, Londer mey, at Lender's option, declare all the sums 5ucurfJd bV thiS Deed of Tru9t to be Immediately du&
<br />Bnd pay_bitt Lender shall have walyed such option to accelor81e II. prIor 10 the sale or 'ronsler, lender and the person 10
<br />*hom the P,operty II to be sold or transferred r8ach agreement In writing 1hallhe credit 01 such porson 1$ sati.ractory to
<br />Lender and thallho IOterest payable on tho sums secured bv Ihls Datta 01 T lust snail be al such fate 8slender shall request If
<br />Lender has wDI'IIod the op110n 10 accelerate pro'lllded In thiS paragr aph , 1 and 11 Borrower's successor 10 '"teres1 has
<br />CUJCu1ed a wot1el1 assump110n agreemen1ltCcep1ed 11'"1 wrltlng by I I.nd~' . ~"dAr "ihnll rIt16n~~ Borrower 'rom nil obligations
<br />under thll Deed 01 Trust and the Note
<br />If Londer e;llorClses such option to accelerate, lendor shall mdtl Borrower nollc~ 0' acceleration In accordance WI1h
<br />poragraph 14 hereof Such notice shall prOVIde a penod of no1 le~sthan 30 days from the dale the nollce IS mailed within which
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<br />~~r:.o~f~o~~ru~~e~h~o~~~~~~~~~e,,~ ~ne ~~~~~~~.~6~~ ~,,~dr~~~~e5,U;,~~~~~t~~J';8~=~~~a~~~ :~:~;~f.penOd, Lender
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<br />NON. UNIFORM COVENANTS. Borrower .nd Lend.. 1Uf1h., cov.n.n' .nd .11'" .. followa:
<br />'I. Acceleration: HamMI'I, Except 85 gro....lded In paragraph' 7 hereof, upon Borrower's breach or any covenant or
<br />6g'oement or Borrower," tnls Deed of Trust, inCluding the COlfcnan15 to pay when due-any 3Ums SecUfed by this DeeCJ ofTrUSl
<br />lender prior 10 accelClfUlon shall mall notice to Borrower as pro~IC.10CS In paragraph 14 hfl.eof 5peclf~tng: (1) rhe breach. (2) the
<br />:~~~~~:~~~~u1~ b~r6uSr~~~ ~~~~~~'~;~ ?a~~~~ :'oO~~~~Ss~~~ ;~~~~~~oo~ ~~~o~:~~~h~~~t~~~~~l~::,i:~~~~ ~~I~eW~~:;e:~I~~~
<br />acceleration 01 the sums secured by thiS Deed 01 Trust and sale 01 tne Property The notice shalllurther Inform Borrower ofthe
<br />right to reinstate aher acceleration and the fight to bring a court actIOn to assert the non .exlstence 01 a default or any other
<br />deleose ot Borrower to acceleration and sale. lithe breach IS not cured on or belore the do1e spec1fied in the notice. Lender at
<br />Lender's opuon may declare all of the sums secured by thiS Deed of Trust 10 be Immocllately due and payable without further
<br />demand .nd ma~ mvoke the power of sale and on~ other remedIes perm,ned by apphe>>ble law. Lender shall be entided 10
<br />collect aU realonablecosts and e.lpenses incurred In pursumg the remedies prOVided in the paragraph' B, including, but not
<br />hmil':'::.~oPor:~la:re~=~:~r:C:,~~stee shall record a notice of defaul1ln each county In which the Property or some part
<br />thereof II located and shall mall copies of such notice In the mannel preSCribed by applicable Jaw to Borrower and to the other
<br />persons prescribed by applicable law. Aher the lapse of such time as mar. be reqUIred by applicable law, Trustee shall give
<br />public notice 01 sale to the persons and 10 the manner prescribed by app lcable law Trustee. wlthoul demand on Borrower,
<br />.hailtelllha Properly at public.uclion to Ihe highest bidder at the lime and place and under Ihe lerms designated in the notic<!
<br />of sale in one or more parcels and in such order as Trustee ma)' determine, Trustee may postpone sale or all or any parcel of
<br />the Property by public announcemen1 at the lime and place of any preViously scheduled sale lender or Lender's designee
<br />m.y purchase the Property at .ny sale.
<br />Upon receipt of payment 01 the price bid, Trustee: shall deliver to the purchaser Trustee's deed conve~ng the Property sold.
<br />The recitals in the Trustee's deed shall be prima tacleeyldence at the truth of Ihe statements made 1herem Trustee shall apply
<br />the proceeds ollhaale in \he following order: (a) to all reasonable coslSand expenses olthe sale. Including. but not limited to.
<br />Trul..... f... of not more than % or the gross sale price, reasonable attorney's fees and co~ts of title evidence;
<br />(b) 10 all aums aecurad by \hIs Deed 01 Trust and Ie) the excess, If any. 10 the person or persons legally enUlled therelo.
<br />11. 1Iono.... RIght 10 R-..-. Notwithstanding Lender's acceleration of Ihe sums secured. by Ihi.S Deed 01 Trust
<br />Borrower shall have \he rlllhllo h.ve any proceedings begun by Lender to enforce the Deed 01 Trust discontinued at anytime
<br />prtor to the earUer to occur Of (i) the fifth day before the sale of the Property purlS-uant 10 the power of sale contained in the 0eecI
<br />01 Trusl (11) antry 01 ajudgmenlenlorcmg this Deed 01 Trust if. la) Borrower pays Lender all sums whIch would be then due
<br />unCler thi. Deed of Trult the Note and notes !l6curing Future Adyances, if any, had no acceleration occured:{bl Borrower
<br />curM 811 brHches or any other covenants or agreements of Borrower contained 11'1 thiS Deed of Trus1 Ie) Bonower pays all
<br />re..onable a.penses Incurred by Lender and Trustee enforcing the covenanls nnd agroemonts 01 Borrower contOlned In Ihls
<br />Deed 01 Tru,tBnd In enforCing lender's and Trus1&e's remedies as prOVided In pllfogrBph 18 hemof I"cludlng. bu1 1'101 limited
<br />to, reasonable :-tnorney's f&O~. and (dl Borrowar takes.uchachon os lendef may reosonab1y 'r~QUlre!o us:wre thai the h~n 01
<br />Ihl' Doed or Trust Lender's Interesttn Ihe Property and Borrowm'a obligOhon 10 pay tho ..urn!'o ~flC urnd by Ihl!. Of.~tJ 01 T tU!'Io1
<br />,hall contmlJ8 unlmpalr.m Upon such paymonl nnd cure by Borrower. 1hls Oo~d 01 T 'us! .11111 IntI (lhhontllln.. SI~nlJf"r1 ~wlnby
<br />",nail fum31n In lull 'orce and offec1 RS If no Dccoleratlon hod occurred
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