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86- 100374
<br />4. Comfamnation. l he proLecd, of ally award o1 rlann tut d.unagcs. drect of cunscyuenual. In connection with any
<br />condemnation or other taking of the Property, or part ihercol, or for conveyance lit lieu of condenutariou, are hereby :u%igned
<br />and shall lx: paid to Lender.
<br />In the event of a total taking of the Property, the proceed, ,hall he applied to the suns secured by this Used of Trust.
<br />with be excess, if any, paid to Borrower. In the event of s partial taking of the Property, unless Borrower and Lender
<br />olherwisc agree in writing, there shall he applied a, the storm secured by this Dccd of 'I nest Such piorlimion of the proceeds
<br />as is equal to that proportion which the amount of the sums ,ceurCd by till% DCCd of I ust unn)cdiatcty prior Ill the (lute of
<br />taking bears to the fair market value of the Property unmcdtatcl) prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice b) Lender to Borremer that file condemnor offers to make
<br />an award or settle a claim lilt' damage-,, Bollowel Tait, it, le,p nld II, I coder Within .111 dai, :after the date ,tech notice is
<br />mailed. Lendcr is authorized to collect and apply the proceeds. of Lender's option, either to restoration or repair of the
<br />Property or to she seems secured by this heed of Trust.
<br />Unless Lender and Borrower otherwise agree lie wrung. :illy ,u,:h application o1 proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred its tut paragraphs I .tilt] 2 hereof or change the amount of
<br />such installments.
<br />10. Borrower Not Released. E'%ten,eon tit the tittle list p.gmmrit ter nu,Ibfteation of annuuration of the suns, Necurcd
<br />by this Deed of'Trust granted by I ender 1t, ;uty successor ill interest uI hot lower Shall not ,peiaie it) release. In tnty manner,
<br />the liability of the original Borrower and Borrower's Successor% In interest Lender shall not be required to commence
<br />proceedings against such successor or rcluSC to extend tittle fist payment or otherwise u! .lift' amortization of the suns%
<br />secured by this Decd of Trust fly reason of any demand made by the original Botr%wer and liornlwer'% successors in interest.
<br />11. Forbcurance by Lender Not a Waiver. Any forbearance by I_cndei n1 c%ercising any right or remedy hereunder. all
<br />otherwise afforded by applicable law, shall not he it waiver of or preclude the cxeici%e of any such right or remedy
<br />The procurement of insurance or the payment of taxes Ili other liens or charges by Isndcr ,hall not be a waiver of Lender's
<br />right to accelerate the nlafeunty of the indebtedness securrd by this Decd of Trust
<br />12. Remedies Cumulative. All remedeeN provided t.: this Deed of '1 rust are dl%rinct and cuinulativc to any other right
<br />or remedy under this Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or
<br />successively.
<br />13. Successors and Assigns Bound; Joint and Several Liability; Caplioll%. the .menanls and agreements herein
<br />contained shall hind, and the rights hereunder ,hall Inure n,, the Iespecrive %ucce „ors and assign% of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereol All c,ncnanls :Ind agreement, of Borower ,hall he joint and Several
<br />the captions :md heading, of the paragraphs of 1111% Decd of I rust are for con%enlencC I:nly and are later tl he used to
<br />interpret or define the provisions hereof.
<br />14. Notice. Except for any notice Icquucd undo apphcahlc jaw w he gl%cu col another manner, (a) any licorice tie
<br />Borrower provided for in this Deed of Trust shall be ga%'en by nlailulg such noucc by Ixrtified mail addre%sed to Borrower :n
<br />the Property Address or at such other address as Borrower may dcSVgnaIC M' nonce to Lender ;n provided herein, and
<br />(b) any notice to Lender shall be given by certified mall. action Ie.clfei icgtle,led, to Lcuder's addreas stated herein or lll
<br />such other address as Lender may designate by noucc to liunowei Its poo,Iilcd herein Any notice provided ror in this
<br />Deed of Trust shall be deemed to have been given w Borrower or I ender When gnu, toe the manner designated herein.
<br />IS. Uniform Deed of Trust; Governing; Last; Se%erabilil). I hl, form Ill decd ,I n u,l ronihenc% uniform covenants for
<br />national use and non - uniform covenants will) hlaleted %at-I:uton, Ily lun,dlcomi to con%ntule a uniform security instrument
<br />covering real property. This Deed of Trust shall he go,clncd i,% dw law It the )Ili ]Skill little In which the Property is located
<br />In the event that any provision or clause of this I)CCd o1 I rust III the flax .onlh,I, will) .glphcahlC 13W, such Loullrct shall
<br />not affect other provisions of this DCC1i Of Trust or the 'sole ,.rich ,.col 11, la%en ellect wllh,all the contllchng pros'ision.
<br />and to this end the provisions of the Decd ter 7 rust old the Note .tic dc,l.ued u, he ,evewhlc
<br />16. Borrower's Copy. Borrower shall bC lumMicd it ,milotincil ,op% of the Note :aid ill Ilus Deed of Trust :u the dme
<br />of execution or after recordation hereof.
<br />17. Transfer of the Properly; Assumption. II ,ill oI 4411% 11.411 of the 1'rop,lly of all micie,t. Iheiun Is %old or transferred
<br />by Borrower without Lender s prior written consent. c,I:hatling I..) the ueli1011 of .1 lien or cncuothrance subordinate to
<br />this Deed of Trust, (h) the creation of it Pat rchaSc Moue, sccurtn Iis tcIc,I IIIr hou%ehoW ,lppl tit lccs, Ice a iraresIcr hp devi%e.
<br />descent or by operation of law upon the death of a loin, icn;un ,I New-
<br />•' leasoobw Lender nia%, it I ender'. opu,nl. Jc.l.oe all the nun, Secured h} the% DCed of Trust to be
<br />immediately due and payable. Lender shall bane % +.u%rJ ,u, It pt —o to a,l Clrl.,lr .t. poor Ite the ,.dc or ll :unlCr. I.cnt]u
<br />u.
<br />and the person to whom the Properly e% Ill be Sorel ,u I an,IcalcJ Ir.I,h derccmk:m it wnnng that the credit of such person
<br />1s satisfactory it) Lender and th.il the interest li.i .abl, I,n the ,u m, .,; Iur11 l,\ Iii. IACII P1 I nnI .hall Ili' .11 Such rate its
<br />Lender shall rC 4 ts"i. II ICndei lea waived rile o 1n, nI II .I, ..ehI.ilr lumide.l 411 this l,.0 .Ili .I;,h 1 7 .Ind It H11 tIIU CI „us c%v,t
<br />In Interest has CXCC ICd it WIIIIell a StAIIt1p111111 agec011,'III .,eeellte,l III N1111111: I,% I ender, I ciulii di.,;l Icka,e Iloirower trout
<br />all obligations under this Decd of Tnnt ;noel the N,,ic
<br />If Lender exercise% such .,pion to aexclela(V, I I'ildcl ,ILIiI ni.rJ It,,II, „CI IIIIn.r .d ,L, I IcI,Iu.In ui .L,I,Ida lac wish
<br />paragraph 14 hereof. Such ounce %hall 1)r41%'111e A pen,nl Ia u,,l 11 S. iIkOl Ill d.IS% Moil the 11.11r the 1111t!,e 11 nl.illCd Withui
<br />which Borrower may pay the sums declared due 11 Bommcl I h I, I,.r, u:h %inn pasty io the :Iptratioii of such period.
<br />Lender may, without further noucc or demand on Bulm%%cl . , oc .,ilt .en edit, permiii,J Is% paragraph IR hereof.
<br />NoN- UNIFORM COVENANIN 111) 111 1Wl'f and I C I I I I C I IUrIIII:I ,II%cn.Inl .1 ill ,IgICC II, it II j,Iw,
<br />'
<br />18. Acceleration; Remedies. Except as provided in paragraph !7 ;(,'r•( f. up(nt Bornmel s breach (If art) cotenant or
<br />agreement of Borrower in Ihk% Deed of Trust, including du• ru,enanss go par "title due :ton sisters secured b) this Deed
<br />of Trust, bender prior to &acceleration shall mail notice to Borrower as provided in paragraph 14 htrc•1)1 Specifying: (I) the
<br />breach; (2) the action required to cure such breach; 131 a date, tool le- Ill-lit N) days from file dale the relative is invited to
<br />Borrower, by which xoch breach Introit tie cured: used (41 Ibul failure- to tore Such breach nn ter before the date specified
<br />In the notice may result ht acceleration of the %urns secured by this Deed of 7?u%f and ,ale of the Property. The notice
<br />shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert
<br />Ike nun- exisfence tit a default nr any other deferw of Burrower lie acceleration and Safe. If the breach is nut cured
<br />on or before the date specified in the notice, Lender at Lender', opfiuo nta) (let lure all elf the suns set tired In Ibis Deed
<br />of Trust to be immediately due and payable without further demand :laid allay in%oke Ilse po %,cr of sale anti all, other remedies
<br />permitted by applicable law. Lender shall he entillard tie collect all elva%onahlc lusts and c%pense•s incurred in pursuing; the
<br />remedies provided in this paragraph 18, including;, Inn 11411 limned tie, rea%orutble atturucy', let%.
<br />If the prover of sale is imokrd, Trustee %hall record w notice 41f default en each Iuunl% in %%high the Property ter Sonic
<br />part thtrese is located and shall mail copies of Suet# notice in the manner pre %i ribed lot applicable law to Borrfwer 'anti lu the
<br />tither perso% prescribed by applicable low. After flit• laps col ,lath Kure a% .,lay be n•yuirrd b) •glplicable law, 'Trustee %hall
<br />give public- notice of sale to the persune. and in file mwuter lorwriln•d by applicable law frustec, %%ilhuol demand on
<br />Borrower, shall soil the Property at public auction to the highest hicider col the time and place :start under rile terms de %ignated
<br />in the notice of sale in one or nmre parcels :Ind in such order as 1 ruder area) dclrnniur. It mice area) pusgtonc sale of all
<br />or any parcel of the Property by public uuuuuarencenl :n fire liter ;trial place laf :Ili) prevoul) ., he(luled %ale. Lender or
<br />l,eader'a designee may purchase the Property N any sale.
<br />U receipt of payrnenl of the price bN, Trustee shall deli%cr a;, the purchaser 7'rmtee's lived conveying( the Properi)
<br />sold. The recftells in the'TruNee's deed shall be facie esidence of fire (rush of the '1•ruslte
<br />prima stagetnenls nude therein.
<br />shad apply the pprroceeds of the sale in Ilse folio i ty order: {{ 1, lu all reasonable ousts and expenses of the sale, including, but
<br />aot Blurted to, Trwtet's fees of met more than 1 % Z O f 1 ', of the fee%
<br />gross sale price, reasonable aUUroey's and costs of
<br />Ikk eviltlenceg (b) to all sums secured by thls Deed of 'trust: wild let the exce%%, if ton). fu the person or persons legally entitled
<br />lb"**.
<br />l. BlKrower'st Right Ito Reinstate. Nolwrth,lao'llog I Indel a,.,LI Boni of Ih, Ina, .r"in"d h1 Ih,, Deed of IfIl'i
<br />•.,'
<br />Borrower shall have the right to have any pro,cednlg, hcgun 1,% 1 "1.&1 i,, cnit,l.l Ill, Ure,l id Iruse Ih%eontuulcJ at
<br />anytime prior Ill IhC earlier to oee'ur of II) atic filill dal helot, Ili, .arc o1 the Ihllpcn% I,ur,u.ur1 h- ill,• 1 „Iw1I it ,.11c .onnuncd
<br />tp
<br />in this Decd of Tnf%t or tat rimy of a lodgment color, nlg 1111, last d III 11r 1 .I tau BII11,Iw,'1 1, I%, 1 I ndcl .dl Sinn %011,11 h would
<br />fly
<br />he after due oodcr this Ucrd of lit„ I. lilt- Note and null, ,rl lnnll I W' 111, .1 .,n. h � I 1 , .I rL•I.�nnn ,ull.l
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<br />(h) 111117 r,wCl Lofc% ill ills dlllcS „1 a11Y nlllt'r UhtI11111 ill it'll, InI , Ii, Il li,v\ ! , .. .,. ,I 1 1141, I)I,.I „I I:InI
<br />re'l 1b1r111%C1 gray, ,11111'.I111I1.II11C "I'Crl,l, IIII.III"'I I„ I,'ll, 111 .,.J ll .1., I. II.i 1. i,l, 'II, \, i,,l I'll I
<br />hoffl.w,'t e1,Ili,,IntJ 1,1 Ili, 111', d , I 1111,1 ,VIII ,11 I III, ,
<br />hI oot Io, I ... h111t tall•„I I ....... . I„ Il.l'- �,,11.II,I. .: II„Ifi, 1, i� .I It, i ,.,,
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<br />n:qurrc t” ay.uft liar the In a ..I Ili, 1)rr,l If 11,I I , I„I, , ,. , I„ I•, ,. „ ...I is .. ..,.
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