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86106463
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86106463
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Last modified
10/18/2011 8:41:40 PM
Creation date
3/31/2008 3:28:35 PM
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DEEDS
Inst Number
86106463
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86--r 106463 <br />ie date of taking bears to the fair market value of the Property immediately prior to the date of <br />D Borrower. <br />or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a <br />to Lander within 30 days after the date such notice is mailed, Lender is authorized to collect and <br />w restoration or repair of the Property or to the rams secured by this Deed of "'rust. <br />tree in writing, any such application of proceeds to principal shill not extend or postpone the due <br />Paragraphs I and 2 hereof or change the amount of such instalbnents, <br />if the time for payment or modification of ansomastiat of the sums secured by this Dad or T. am <br />of Borrower shall not operate to rdeare, in any manna, the liability of the original Botso� i *red <br />I{ mot be required to commence proceedings against such successor or refuse to extend time for <br />the sums secured by this Deed of Trust by reason of any demand made by the original Borrower <br />r. Any forbearance by lender in exercising any right or remedy hereunder, or otherwise afforded <br />reclude the exercise of any such right or remedy. The procurement of insuuance or the payment of <br />act be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this <br />provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this <br />d any be exercised concurrently, independently or successively. <br />I and Sward IJahirt ; Capdoa. The covenants and agreements herein contained shall bind, and <br />Live successors and assips of Lender and Borrower, subject to the provisions of paragraph 17 <br />mover shall be joint and several. The captions and headings of the paragraphs of this Deed of Trust <br />to interpret or defunct the provisions hereof. <br />ed under applicable law to be given in another manner, (a) any notice to Borrower provided for in <br />3m notice by certified mail addressed to Borrower at the Property Address or at such other address <br />r in provided herein. and (b) any notice to Lender shall be given by certified mail. return receipt <br />r to such other address as Lender may designate by notice to Borrower as provided herein. Any <br />ye demand to have been given to Borrower or Lender when given in the manna designated herein. <br />Law; SawaYBlty. This form of deed of trust combines uniform covenants for national use and <br />i by jurisdicfitin to constitute a uniform security instrument covering real property. This Dad of <br />diction in which the Property is looted. In the event that any provision or clause of this Decd of <br />v, such conflict shall not affect other provisions of this Deed of Trust or the Note which can be <br />sad to this end the provisions of the Deed of Trust and the Note are declared to be severable. <br />: furanbod a conformed copy of the Note and of this Deed of Trust at the time of execution or <br />ass. If all or any part of the Property or an interest therein is sold or transferred by Borrower <br />* (a) the creation of a lien or encumbrance subordinate to this peed of Trust, (b) the creation of <br />Did appliances, (c) a transfer by devise, descent or by operation of law upon the death of a joint <br />st of three yeah or less not containing an option to purchase, Lender may, at Lender's option, <br />'rest to be instoodiately due and payable. lender shall have waived such option to accelerate if, <br />-son to whom the Property is to be sold or transferred reach agreement in writing that the credit of <br />he interest payable on the sums secured by this Dad of Trust &lull be at such rate as Lender shall <br />cceierste provided in this paragraph 17, and if Borrower's succor in interest has executed a <br />tins by Leader. Lender shall release Borrower from all obligations under this Deed of Trust and <br />ate. Lender shall mail Borrower notice of acceleration in accordance with paragraph 14 hereof. <br />ban 30 days from the date the notice is mailed within which Borrower may pay the sums declared <br />to the expiration of such period, lender may, without further notice or demand on Borrower, <br />I hereof. <br />ier and Lender further covenant and agree as follows: <br />provided in peapeph 17 hereof, upon Borrower's breech of any covenant or agreement of <br />covesa w4 to pay when due any atoms so - by this heed of Tree. Lawler prior to aadaadon <br />■raS l l 14 Merest specifying: (1) the breach; (2) the oet ow respwMad to cum web broach: (3) a <br />Nice Is swelled to Des asset by which such breech must be eased; and (4) thsw faiwre to sae such <br />Nice may rewk is sodas- of the grass se, by this Dead of Trent and oak of the Tnperey. <br />tie r%M So raivataft aftr ecodaw I and the right to being a court sedan to ussat the woe - <br />brienu ft meealefwdmw red ask. U the bnm* k sum cw on er befere the deft specWlad lo die <br />ai of tie auswa samenod by diis Dodd of Trust to be' diateb due and potable wilhuut further <br />NW other f m om poem— I by apI - I I Inn. Lewder shall be awddai to cdae! s! rosaewehk <br />se ilea pewvidai IN this paragraph 18, ieddlq, bet wet Nuked to. reasonable atteraey's fens. <br />CA Mail a anode I of ukfmwk IN each cawwey N which the Property or soma pat thereof Is located <br />near prsar M y applieabie law to Der rower and to the other is s -- preserlbed by appYabk <br />pled by gprnMk law. Tmom sW give pwbW sock - of oak to the persona and in the manner <br />I iii an Desr*win *A aD the F1 "a at pubic Sweden to the Idgbo d bidder at the their <br />K sweet of ale in ewe or ftae parody said in ach at as Trusser may degee>•iwr. Traeger may <br />MY y Pak awwmwweemwt at the data red pines of say prevfeoly achadukd ode. Leader or <br />ii no sale. <br />Ted nisi dawn to die puretbaaa Trumer's deed eowveybmg the Property said. The rischak in <br />W of die &SO of Use shftauwa made therein. Trasare ether apply the proceeds of the ssdp in the <br />empawas of die ok, iadediag, bet soot thNlod to, Tressre's too of wet sae them _.r.� ,' __ - W4 <br />y?, <br />seta asud twat of dde t o Mewre; (h► b M sew u.-ored y tbis Died of Twat; and (c) the mews&, it <br />Arab. <br />rithsuodusS Lender's a"vieration of the sums w—ured by this Deed of Trutt. Borrowet shall have <br />rider to cnton-e this peal of Trots discontinued at any minx prior to the earlier to occur .,ft i3 `hc <br />mmnt to the power of sale contained Lh that Deed of Trust or iti) rntry nr a iu,litmen: rnfozong, ih;, <br />in ssutuu which would tv then due uetdet phi% Decti Of hrust, €pre tithe and tears .eCUWIg !'utatre <br />
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