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by this Deed of Trust immediately prior to the date of taking bears to the fair market value of the Property immediatel
<br />taking, with the Instance of the proceeds paid to Borrower. Y Prior to the date of
<br />s If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a
<br />. clam for damages, Bofrower fails to respond to Lender within 30 days after the date
<br />such notice is mailed, Lender is authorized to collect and
<br />apply the Proceeds, a Lender's option, either to restoration or repair of the Property
<br />or to the sums secured by this Deed of Trust.
<br />Uttlas Lender and Borrower otherwise
<br />date of the month) i agree in writing, any such application of proceeds to principal shall not extend
<br />Y installments
<br />or postpone the due
<br />referred to in paragraphs I and 2 hereof or change the amount of such installments,
<br />1* 1ae►4W 0"I'll Not Extension of the citric for
<br />payment or modification of amortization of the sums secured by this Deed of Trust
<br />t successor
<br />t );ranted by Lender to any sttrxrawr in interest of Borrower shall not operate to release, in any manner, the liability of the original Borrower
<br />Borrower's successors in interest. Lender
<br />and
<br />shall not be required to commence proceedings against such successor or refuse to extend time for
<br />Payment of otherwise modify amortization of the sums secured by this Deed of Trust by
<br />and Borrower's successors in interest.
<br />reason of any demand made by the original Borrower
<br />a 11, Farbataa¢e bY Lowder Not 8 Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded
<br />by applicable law, shall no be a waiver of or preclude the exercise of any such
<br />right or remedy. The procurement of insurance or the payment of
<br />taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness
<br />Deed of Trust.
<br />secured by this
<br />12. Rognin s Catntwhdve. All remedies provided in this Deed of Trust are distinct
<br />acid cumulative to any other right or remedy under this
<br />Dad of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />13. Saaeeaa s and Asrlpa Bomad, join, and Several IiablUly;
<br />Captions. The covenants and agreements herein contained shall bind, and
<br />the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject to the
<br />hereof' All covenants and
<br />provisions of paragraph 17
<br />agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of this Deed
<br />are for convenience only and are not to be used to interpret or define the of Trust
<br />provisions hereof.
<br />14. Notice, Except for any notice required under applicable law to be in
<br />given another manner, (a) any notice to Borrower provided for in
<br />this Deed of Trust shall be given by mailing such notice by certified mail addressed to Borrower at the Property Address
<br />as Borrower may designate by
<br />or at such other address
<br />notice to Lender as provided herein, and (b) any notice to Lender shall be given by certified mail, return receipt
<br />requested, to Lender's address stated herein or to such other address
<br />as Lender may designate by notice to Borrower as provided herein. Any
<br />notice provided for in this Dad of Trust shall be deemed to have been given to Borrower or Lender
<br />1S.
<br />when given in the manner designated herein.
<br />Unifogism Deed of Tram; Governing Law; SeverabiBty This form of deed of trust combines uniform covenants
<br />non- uniform covenants with limited
<br />for national use and
<br />variations by jurisdiction to constitute a uniform security instrument covering real property. This feed of
<br />Trust shat) be ov
<br />g erned by the law of the jurisdiction in which the Property
<br />is located. In the event that any provision or clause of this Deed of
<br />Trust or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Deed of Trust or the Note which
<br />given effect without the conflicting
<br />can be
<br />provision, and to this end the provisions of the Iced of Trust and the Note are declared to be severable.
<br />Iii, Borrower's COPS, Borrower shall be furnished a conformed copy of the Note
<br />and of this Deed of Trust at the time of execution
<br />after recordation hereof. on or
<br />4
<br />17. Transfer, of the Property; Assumption. If all
<br />,
<br />J
<br />or an
<br />without Lender's y part of the Property an interest therein is sold or transferred by Borrower
<br />Prior written consent, excluding (a) the creation of a lien
<br />a in
<br />or encumbrance subordinate to this teed of Trust, (b) the creation of
<br />e
<br />a purchase money security interest for household appliances, (c) a transfer by devise, descent
<br />tenant
<br />or operation of law upon the death
<br />or (d) the grant of any leasehold interest of three years or less ti joint
<br />not containing an option to purchase, Lender may, at Gender's option,
<br />declare all the sums secured by this Deed of Trust to be immediately due
<br />and payable. Lender shall have waived such option to accelerate if,
<br />Prior to the sale or transfer, Lender and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit
<br />such person is satisfactory to Lender and that the interest
<br />of
<br />payable on the sums secured by this Deed of Trust shall be at such rate as Lender shall
<br />request. If Lender has waived the option to accelerate provided in this
<br />paragraph 17, and if Borrower's successor in interest has executed a
<br />written assumption agreement accepted in writing by tender, lender .shall release Borrower from
<br />the Note.
<br />all obligations under this Deed of Trust and
<br />If Leader
<br /><
<br />exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance with
<br />SUCH rWIItY Shag fOVide 8
<br />P period
<br />x
<br />paragraph 14 hereof.
<br />of not less than 30 days from the date the notice is mailed within which Borrower may pay the sums declared
<br />due. If Borrower fails to pay such sums prior to the expiration
<br />of such
<br />invoke any remedies period, Lender may, without further notice or demand on Borrower,
<br />permitted by mdrmgraph 18 hereof.
<br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />18. Acedefatlatp Rfeme", Except ss
<br />Provided is Paragraph 17 hereof, upon Borrower's breach of aav covenant or agreement of
<br />Borrower in tits !Deed of Trust, iachdlug the covenants to pay when due
<br />may sums secured b
<br />SW ttsW aodm to Borrower us Provided In paragraph 14 hereof Y rib Decd of Tent, Leader prior to wcelentiom
<br />specifying: (11 lbc not
<br />breach;
<br />Aare. aol iris Haze 30 days from the daft (2) the action required to cure such breach:
<br />of notice b mail (3) a
<br />to Borrower, by wkkb such broach mast be cured; and (4) that failure to care such
<br />specified the notice may result fa accelentloe of
<br />The aadtt abd farther the sates secured by ibis Deed at Trust mad sale of the Property.
<br />Borrower of the right to reinstate after
<br />acceleration and the ht to bring a court action to assert the Pon-
<br />exhl'kwe d a defa lit or any ether reuse of Borrower to aceekradoa and sale. It
<br />the breach b mot cared on or before tie date
<br />re' Lowder ul Leader's option away glaciate ed of the specified it the
<br />sum secured by lids Deed of Trust to be Immediately due a"
<br />demand and may Invoke the Power of side sad any other remedies Permitted b
<br />payable without farther
<br />s
<br />toad and exPausms i0cl rred ht Imagine the remedies Provided in this rah law. Gender shall collect ey reasonable
<br />If paragraph 1e, including, but
<br />tie Power of side k Invobed, Trustee , toe reason b
<br />not limited to, reasonable attorney's fees.
<br />record a notice of default in each
<br />county in which the
<br />and shall No cap'" of nab Soda V the summer Prescribed by applkable taw to Borrower and to thProperty t persons some purr Thereof located
<br />haw. Ahm the lapse of such Nice Pahe
<br />as am be applicable
<br />p prcm and by a man
<br />Y t'egulrs0 hY MPlkabk law, Trustee shill give public uotitx of sale to the persoas and in the mummer
<br />psoah Ills oi by apple" inw. Trustee, wilbout demand
<br />er
<br />on Borrower, shall sell the Property at Public auction to the highest bidder at the time
<br />and place and taier the dOdWled drsss ht the notke of safe fa ose or more Parcels In
<br />sad
<br />paMPeae sale of err or say Parsei of tba such order as Trustee may determine. Trustee may
<br />Pty by Public announcement at The time and place of any previously
<br />1'�r'a � �y parobase the Property
<br />of m scheduled safe. lender or
<br />a my ogle,
<br />ON r paysuggigg Of He Price bid. Trustee
<br />X11 diver to the Purchaser Trustee's deed caaveying the Property sold. The recirab in
<br />L Taw timet Mbar /sima fade evidence of the truth of the statements trade therein.
<br />Trustee skull epph the Proceeds nt the see in the
<br />e otdrr: (a) N cry reasonable coed sad "Pestssm of the sale, including, bat sot limited to, Trustee's fees of not more
<br />a's a VON k reason" 3 h
<br />. thsa
<br />atterusy's ices gad costs of title evidence; (b) to 811 son" secured by This Deed of Trust, and fro the "Crv%. if
<br />Ht psesoa p ersons kga ft eedded thereto.
<br />Botlowe♦'•s Right to it4hoUk. Notwithstanding t ender'% arceirratton of the sums secured by this I)tvd of Trust, 9orlower shall ha%c
<br />the right to have any proceedings hegun by lender
<br />to cnkncc This Ihcd of 7 rust disconuuued at any tame pn,x 10 the carlfrr r,, IKruf of (;, !hr
<br />fifth day before the ssk of the Property pursuant rn the Power of calr
<br />ccntamed in this I)erd of Trusl or 1111 antes f a ;udkment rnfo:rxlg vies.
<br />Died of lvu%t rf: rot) ltorfOwer Pays Lender all sufn% N'h1('1t w(nllif he !hen dun onkfer thl. Ihcd t•t 11(1%1, Idac Miele
<br />and -, ,q wg I IITI?t!'
<br />
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