|
<br />88-
<br />
<br />104821
<br />
<br />9. Condemn. lion. The proceeds 01 any .1wnn1 01 claim lor dnmages, duect or conscquenlml. In connection with ony
<br />condamnallon or othor laking 0' the Property. 01 porI thereof, Of lor conveyance in 1I0u of condemnotlon, orc hereby assigned
<br />and shall be pmd to Lender.
<br />In the event 01 0 lo1BIlnklng at ,no Property, tho proceeds shall be applied to the sums secured by this Deed or Trust. with
<br />tho excess. il any. paid to Borrower. In the clIonl of a portIO! taking of the Property, unless Borrower and Lender otherwise
<br />agree in wnting, theroshall be applied to the sums secured by this Oeedal Trust such proportion of the proceeds as is equal to
<br />
<br />:~~t~~~e~~~~rU:~lf1~~~r:~~~:::~:'~~I~~ ~~~o~r~od1~~ 1~~~~~~~::~~:11:~~:t:::~t:I~{t~~~~g~:~~~~~~~ge~~~o~~~
<br />lithe Property IS abandoned by Borrower, or If, atter notice by lender 10 Borrower thai the condemnor offers to make an
<br />award a:r seUle a claim for damages, Borrower falla 10 respond 10 lender within 30 days aher the date such notice Is mailed,
<br />Lender IS authOrized to collect and apply Ihe proceeds, at Lender's option, either to restoration or repair of the Property orto
<br />the sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherWise agree In wrll1ng, any such application of proceeds to principal shall not extend or
<br />postpone tho due date oltha monthly lOstnllmenls referred 10 In paragraphs 1 and 2 hereol or change the amount 01 such
<br />Installments.
<br />10. Borrow.rNot R....aed. ExtenSion 01 Ihe lIme for payment or modllicatlon 01 amortization 01 the sums secured by this
<br />Deed 01 Trust granted by Lender to any successor In interest of Borrower shall not operate to release, in any manner, the
<br />liability of the orlglOal Borrower and Borrower's successors interest Lender shall not be required to commence proceedings
<br />agamst such successor or reruso to extend time lor payment 01 otherwise modify amorUzation of the sums secured by this
<br />Deed 01 Trust by roason 01 any demand mode by Ihe ongmal Borrower and Borrower's successors in interest
<br />11. Forbear.nee by lender Nol . Waiver. Any lorbearance by Lender In u.xerclslng any right or remedy hereunder, or
<br />otherwise afforded by applicable law. shall nol be a .....alver of or preclude tt1t~ cxerclse 01 any such nght or remedy. The
<br />procuremenl 01 Insurance 01 the payment of 1axes or other liens or charges by LenOer shall nol be a waiver of Lender's right 10
<br />accelerate Iho matuflty of Ihe Indebtedness secured by thiS Deed 01 Trust
<br />12. Remedl.. Cumul.Uve All remodles prOVIded 11" ttus Deed of Tru!>t are tJIsllnct Rnd cumulative to any other right or
<br />remedy under Ihls Deed 01 Trust 01 aHorded bv law or eqUity, and may be e.erCIsed concurrenlly, independently or
<br />succesSIVely
<br />13. Succeuors .nd Aulgns Bound; Joint and Several Lillbllity; Captions, The covenants and agreements herein
<br />contained sholl bind. and the nghls hereunder shnlllrlure 10. the respectIve successors and assigns 01 Lendei and Borrower,
<br />subJecl to Ihe provISions 01 paragraph 17 hereal All co....enants and agr8emenls of Borrower shall be joint and several. The
<br />captions and headIngs of!ne paragraphs 01 thIS Deed 01 Truslare 101 ;:on~'erHe"ce only and are not 10 be used to interpret or
<br />defIne the prOVISIons hereof
<br />14. Notice, Except for any nollce reQUired under applicable law 10 be given In another manner. (a) any notice to Borrower
<br />prOVided lcar In thiS De9d of Trust Shall be given by mailing such nollce by certllled mall addressed to Borrower atthe Property
<br />Address or at such other address as Borrower may designate by notice 10 Lender as prOVided herein, and (b) any notice to
<br />lender shall be gIven by certified mall. return receipt reQuested, to Lender's address staled herein or 10 such other address BS
<br />Lender may deSignate by notice 10 Borrower as prOVIded herelfl Any notice prOVided far In this Deeet of Trust shall be deemed
<br />10 have been given 10 Borrower or Lende, whon given 10 the manner deslgnaled herOin
<br />15. UnHorm Deed 01 Trust; Gov.rnlng L..; Sev.r.bUlIy. The form 01 deed of Irusl combines uniform covenants ror
<br />~~~:~~I.~...a~C~o".~~:~~r~~~ :~~~II~~I~~~:~~~~I~~~h~YI~~I~?:~::~~r:~d~~~Os~I~~I~~i~~~~~~r~~~~~si:::~~~:::rr~
<br />
<br />the ''lie ,~on ~ Qrf.J~S8JJIII'HS Deed 01 Trusl or tho Noto conlllclS With applicable law. such ,conflict shall nol
<br />aN I r,., l\Io(~ TrUST or tho Note whiCh can bu given elfecl without the conflicting prOVISions, and tothls
<br />end tho provi6i~)n! 0' the DeeGi:ifJ"tu,1 And the r-lole .lff" declmod 10 b~ se....erable
<br />
<br />1e, BorrO..f'. Copy. Borrower shall be IlJlnlSheod i1 conformod copy 01 !he Note and 01 this Deed 01 Trust althe time of
<br />e.ecutlon or aher recorda11on nereaf
<br />
<br />17, '\"r.n.ler 01 the Proper1y; A..umptlon I' nil or Hnt plnl nllh~ proptH1) Of Hn mlorosl theretn 19 sold or transterred by
<br />Borrower without Lender's PUOl wflt1un l.unsont uXCludmg 10) the creilllrJO 01 a lIon or encumbrance subordlOate lothls Deed
<br />01 Trust (bl the Cfustlon 01 a purchS5c mone)' lWcunty mtercstlor housuhold appliances, (c) a transter bydevise deacentor by
<br />operation 01 law upon tnedeatn of 1l101nllonant or (dl the glanl olany leasehold Intersstol three years or less not containing an
<br />option to purchase. Lender may. al Lender's opllon, declare alllhe sums sucured by Ihls Deed 01 Trust to be Immediately due
<br />and payable Lender shall have walvud such option to accelerate If, prior to the sale or transter. Lender and the person to
<br />whom the Property IS 10 be sold or Iranslerred reach agreement In writIng thai the credit 01 such person is satisfactory to
<br />Lende, and thallne Interest payable on tho sums secured by thl! Deed of Trus1 shaH be at such rate as Lender shall request. It
<br />Lender has walvell ltIe option 10 acceletl1te prOVided In Ihls paragraph 17, and If Borrower's successor In interest has
<br />executed a Wflnen assumptIOn agreement acc.eplod In writIng by U~ndRr ltmdAr sholl release Borrower from all obligations
<br />under thiS Oeed 01 Trusl and the N~le
<br />I' Lender exercises such option 10 acculelale_ lender shnU mall Borruwer notice 01 acceleration In accordance with
<br />paragraph 14 hereof SUCh notice sholl p,ovlde a perlOd 01 nol les.s than 30 days from lhe date Ihe noUce is mailed within which
<br />Borrower may pay the sums declared due II Borrower lOllS 10 pay suct1 sums pnor to the expiration of such period,lender
<br />may, without further notIce or demand on Borrower anVOk(> I\ny r{Wll~dleS permlnod by paragraph 18 hereof.
<br />
<br />NON-UNIFORM COVENANTS. Borrower 8nd Lend., 'ur1h.r covenant and agrn aI lollows:
<br />
<br />18_ Accel....tlon; Hamedl... ExcepT as prOVIded In paragraph 17 hereof, upon Borrower's breach 01 any covenant or
<br />agreement 01 Borrower In thiS Deed 01 Trust. IncludIng Ihe covenants 10 pay when due any sums secured by thiS Deed ctTrust,
<br />Lender pnor 10 accelernllon shall mall notice 10 Borrower as proVided tn paragraph 14 hereof specIfying: (1) the breach; (21 the
<br />action reQulfell to cure SuCh broach, (3) a dale, not loss than 30 days Irom Ihe dale the notice is mOIled to Borrower, by which
<br />such breach musl be cured: and (4) Ihal failure 10 cure such brench on 0' before the dale specitied In the notice may result In
<br />acceleration 01 Ihesums secured by thiS Deed of r'usl and sale of the Property The nollce shall further mform Borrower orthe
<br />right to reln~tate aher accelerabon and the nghl10 bring a court action 10 asserl the non.exlslence of a delault or any other
<br />delense o' Borrower toaccolel .!tion and sale_ Uthe breach is nol curcd on or belore the date specified in the notice. Lender at
<br />
<br />~~~~~s :~~lO:a~~~v~e:"I~~: ~~~~~fs~~: :~~~~~ ~t~':"~.?::~I~~ 1~~:~~e ~~n~pe;:~~redl~~~~ri::r8:~:I~:~~\:t~:~~
<br />
<br />collect all reasonable costs and expenses Incurred In pursuing fhe remedies prOVided In the paragraph 18. including, but not
<br />
<br />llm\':'::a~oiu~:::>~r:~e ~~~:~':J~~uSlee shall recorel a notICe! of dolauU In eac.h counl)' an whIch the Property or some part
<br />thereof IS located and shall mall copIes of such nobce In the manner prescnbed by app!lc.able laIN to Borrower and 10 the other
<br />
<br />~J~~~J~:~i~~ ~~ ::f:~~~~~a~.d~~~~~~~,fnS:r ~r~~~~=eb~sa~~r.~eb~:~~~~r~~t:~~~~~~~II~:;"~~d~~ :;~;~~:~
<br />
<br />shall -:11 the Property atpubhc auction to the highest bidder at the time and place and under the terms designated In the notice
<br />of sale In one or more parcels and In such order as Trustee may determme, Trustee may postpone sale 01 ail or any parcel of
<br />the Property by public announcement at the time and place ot any preViously scheduled sale_ Lender or Lender's designee
<br />may purchase the Property at any sale.
<br />
<br />The~:C~~::i~~~!f~:::~~~~:r :~~il~i~'rJ~Sf~::~~~~~:~~~~~~~~~7~~:~~~~e:~~d~~f;:r~r~~~~~:t~~O~heB7raS:~?y
<br />
<br />the proceeds of tflfJ sale in the 'ollowing order: (8) to all reasonable costs and expenses 01 the sale, Including, but not limited to,
<br />Trustee's tees of n01 mor.athan % orthe gross sale price, reasonable attorney's fees and costs 01 title evidence;
<br />lb) to an ..urns MC\Jred by this Deed of Trust; and Ie) the excess, if anV, fo the person or persons legally entitled thereto
<br />11. Bonower', RIght. to ReinalIte, Notwithstanding lender's acceleration 01 the sums secured by thllll Deed 01 Trust,
<br />Borrower shall have the fight to have any proceedlOgsbegun by Lender 10 enforce the Deed 01 Trus1disconlinued at anytime
<br />pno, to th~ earlier 10 occur ot (I) the filth day before the sale 01 the Property pursuant to the power of sale contained In the Deed
<br />ot Trult (II) entry o' a judgment enforCing Ihls. Deed of 1ruslll: (0) Borrower pays Lender all sum::. which would be then due
<br />under this Deed 0' Trusllhe Note and notes securing Future Advances. II any. had no Bccelerellun occured:(b) Borrower
<br />curB all brellc~s ot any other covonants or ag,eements of Borrcwer contained In lhls Deed of Trust- (c) Bonower p.l!lys all
<br />'eason.~e e.penseto Incurred by lender and Truslf:1e on'orclng the covenolnls ond agreemonts 01 Borrower contamed JO Ihls
<br />Deed of 1 ru..' nnd In enfo'Clng Lena,,1 ~ And Tru.loo'~ ,omodles BS ptOV'ldod In parograph , 6 homol Inclut1lng. bul nolllmlted
<br />to reasonable IIno,"o9V' 1001 And ldllloflowor ~"El' s.uchachon 85 Lund~r ""8'1 ''ll'nsonnbly rnQUltf~ 10 I\SSUI(O Ihnllho hen 01
<br />tn." 0ee<J ot Y''.J&I lrondtt' ~ 1"'1en~!lolln Inn Pfopnrty and Borrow,,'!! obhgat.'On 10 pa., 'hit ~"rn~ !>NtJ't~<1..J~ 111,0; n(~d 01 I rusT
<br />,.haU COf"lllT"lUe ..J,..mp.nf!'d Upon ,,"UC'1 p.It__mt.~f1t IIr.(j (.ure bV 80"0*0' Ihl' O{loO at T qJ'!'o1 iln'l !tH' nllh'lI,I, " '. ....\ utl-If h,.tttto~
<br />"hAll r~I" ,r tllll IrJI(.'" IlIInd ""PI:I "'I II ne IIl:.L"lorohon hnd occunO'd
<br />
|