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001578
<br />85-
<br />t1 0. t nndemnNinr. the p""C'. 1, 111 an% .,ward tar clam 1„r danr,'grs direr •, .,nr•qn•r:I�al n ,.i nneition 111h an%
<br />, nndfnmatn.n tit other taking of the Prnf,:rty, or part thereof, tar for
<br />lonv" ancr �n bcu of r nndemnanon, are hereby assigned
<br />and shall be paid to lender
<br />In the event of a total raking of the Property, the proceed. %hall he .•pphrd I,, Ihr .lion scuufd M this l)cfd of Trust
<br />with the aces, d any, paid to Rarrower. In the event of a tak�og
<br />partial r,t the p,r,peny, unless Borrower and lender
<br />otherwise agree m writing, there shall he applied ti, the sums secured by Ihn f recd r.l T not such lc%% nrrrn of the proceeds
<br />as n equal ro that proportion which the amount of the
<br />turns secured Ply this 1)rcd of ! rust rmmedi.rtely prior to the date of
<br />taking bears to the fair market value of the Property immediately prior In the Date of taking, with the balance of the proceeds
<br />paid to Borrower
<br />It Ih: "-I prrty .•.'•:mdonrd by it ....... rr .'fuel 11.,c by I cod, t.. Ih•rnn%. dl.,i ter , ondenmor offers to mnkc
<br />an award In %elite .r tl.om rite Janraltc. Ihvowct Lull to tt•spnld to Lc
<br />udw wlhm iii d•ry% JIrcr Ilse date such nottsc n
<br />mated. Lender n authotred n" Inflect and apply The proceeds. at Lender's option, either Tn restoration or repair of the
<br />Property of to the sums secured by it, Iced of Trust.
<br />Unless I ender and Borrower otherwise agree to writing .Inc such application of proceeds r1Y principal shall not extend
<br />Of pnttpone the due date of the monthly installments referred to in paragraphs I and ? hereM
<br />such
<br />trtahllmenta. or change the amount of
<br />)0. Borrower Not Released. Extension of the time for payment or modification at amortrralron of the sums secured
<br />by this Deed of Trust granted by I ender to
<br />any successor in interest of Rnrrower %hall nut operate to release• to any manner.
<br />the liability of the original Borrower and Borrower's successors
<br />in interest. 1 ender %hall no( be required to commence
<br />proceedings against such successor or refuse to extend lime for payment or otherwise modify amortization of the sums
<br />secured by this Deed of Trust by reason demand
<br />of any made by the original Borrower and Ronnwer's successors in Inleresr
<br />It. Forbeersnce by teenier Not a Waiver. Any forbearance by render in exercising
<br />an tight or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise v any such tight re remedy
<br />The procurement of mturance or the payment of taxes or other bens or
<br />charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the nsatunts' of the mdchiednes% %retired by this ►)eed of Trust
<br />to
<br />or remedypunderltfi s flied ofrT use remedies lownor Iego equity, and may abe exercised
<br />concurrently.
<br />independently of successively
<br />IJ. SVrffeMfS and Anigms Bound: Joins and Several t.lability; Capoorm The covenants and agreements herein
<br />contained shall bond, and the rrghn hernmder shall Inure tn. the rf%pecnve
<br />since %sort and assigns of Lender and Borrower
<br />subject to the provisions of paragraph R hereof All covenant and agreements of Borrower shall be (rant and several
<br />the captions and headings of the paragraphs
<br />of ems Deed of trust are for convenience only and are not to be used to
<br />inferpret or Jefine the provisions hereof
<br />14. Notice. Except for any notice required under appplicable law to be given In another manner. (a) any noinc
<br />Borrower provided for in this Deed of Trust shall he
<br />in
<br />given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate by
<br />notice to 1 ender as provided hereon, anti
<br />Ili) any notice to Lender shall be given by certified mail, return receipt requested, to Lender's address stated herein
<br />such other addfees as Lender may designate by
<br />or to
<br />notice to Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust shall he deemed to have been given to Borrower or Lender when
<br />given n, the manner designated herein
<br />15. Uniform Deed of Tryst; Governing Law; SevtmbNNy. This form of deed of trust combines uniform covenants rot
<br />nalional we and nonuniform covenants with limited
<br />variations by jurisdiction to constitute a uniform security ontrument
<br />covering ml property. This Deed of Trust shall be governed by the law of the jurisdiction tar which
<br />In the event that any
<br />the Property Is located
<br />prOyiNOe Of clause of this Deed of Trust or the Note conflicts with applicable law. such conflict shall
<br />"of affect other ��rreewaions of this Deed of Trust or the Note which can he given effect without the conflicting
<br />and In this end the provyiorss of the Deed Trust
<br />of provision
<br />and the Note are declared in be severable
<br />16. Bwrower'e COPY. Borrower shall be furnished a conformed
<br />Of execution OF site, recordation hereof
<br />copy of the Note and of this Deed of trust at the time
<br />17. Transfer of the Properly; AssumPaon. It all or any parr of the Property car an interest thereon Is sold
<br />by Borrower without Lender's poor
<br />or Iran %ferret
<br />f .1pur consent, excluding (a) the creation of a lien or encumbrance subordinate ti,
<br />rhos Deed of Truss, flit the creation of a purehue money security interest for hrnochold appliances. (c) a transfer
<br />descent or by nperabnn of law upon the death
<br />by revue
<br />of it pant lenant or (it) the grant of any IMehold interest of three )'ears or less
<br />nor containing an option M ruchase. Lender may, at Lender's optlnn, declare all the sums
<br />nmmedrblely due
<br />secured by this Deed cal Trust to Ir
<br />and pays Lender shall have waived such opt-on to accelerate if, prior In ilia salt or transfer, I ender
<br />and the person to whom the Property is In tic sold or transferred reach agreement m wntiog
<br />is satisfactory to Lender
<br />that ilia credo of such person
<br />ant that the interest payable on the sums secured by this Deed of Trust shag he o such rate
<br />I.Crider sfiall rr,lnest. If Lender has waived the option to accelerate
<br />as
<br />procured in this paragraph 17, and if Borrower's successor
<br />al Interest has tinder this a written assumption agreement accepted n writing by Lender. Lender shall release Borrower
<br />all oMigabnns under this Decd of Trust Bred the Note.
<br />from
<br />If Lender exercises such option to accelerate. I ender shall mad Borrower notice of acceleration in accordance with
<br />pati rsish 14 hereof. Such notice shall provide a riod of not less than lU days from the date the notice is
<br />which borrower may pay the sums declared If
<br />cove. mailed within
<br />80rrowet fails 10 pay such sums prior to the expiration of such period.
<br />Lander may. without further notice car demand on Borrower, invoke any remedies
<br />permitted by paragraph lg hereof.
<br />Nrnt•Urvtrtestxs t'VytNAMI'S Borrower and Lender further covenant
<br />and agree as follows
<br />age - efteet Acceleration: in [)red of lrns provided
<br />inel fn paragraph 17 hereof. ,Poo Borrower's breach of any roveneN or
<br />of Trust, I antler Prior to acceleration sha8 snuff mMku e� Sorrowcr a Provided to pay In " dot ` yl Bums Se specifying: ; this Deed
<br />Meech; artlosl rove such broach;
<br />re
<br />r. y IJI a date, tier tats teen !tl days from the date fee ewke b maied le
<br />a-h h
<br />In The of by which sash Mach mole" be eves; alyd 1 a date ftot le to fen arch breech th or before
<br />In the rasher may rnBo hr accef M Is
<br />lice doe called
<br />the sums secured by fhb More of Trust ant sate of Ike Property. The notice
<br />the r
<br />sMB further inform Borrower n/ the light to ro1Rogge offer acceleration and the right to hang a court
<br />Me namtsaMtect of a defwH of any degrees
<br />offer Wien to awri
<br />M Borrower to acceleration and sate. It the broach b not errs
<br />on or before the dot Specified In Ike no&*. Lender o Lender's oPrkn m.y dtclbrt W of the
<br />of
<br />M Trot in be irmmed{Nely date
<br />sumo uevrod by bred
<br />and payable withoof ftrrhktr demand and may invoke the ewer o' sec and any Nicer remarks
<br />MrmlNd by apPerahit kw. Lender shall be ratified Ice foeeer all a
<br />herer m in
<br />reasonable costs and tapeesee gecud
<br />rnrdka P#Q%Wd is rich Puragrafeh IR, IachW ell ben we" emits Its. re M
<br />If fee /ewer M stile Trruftt IM" reeerd
<br />_ sMeeks.
<br />b'Wke of defooft each comely In -filch Ike pr
<br />sMa Perna pfruAbed h * ems M sveb wNfet M &a mummer Prracrfbs by aPNkaMe low to Beeviewer and ro be
<br />able low. After hen Inputs of Such time
<br />-ebee
<br />Rate notice M reek t a may his fegsr{rd by applicable law. Trustee shm"
<br />BlMrisrtr, a1nv ate for F P"**" WW be 'be O1annef ForwriMd by apPlksbk law. Trustee . webart demand on
<br />M Nut ^fifty N PrbMe erellsm N like bltkaLt bidder
<br />N the tense bed
<br />notice o1 mk M err of mum Pa rcets and M Such Soda as Trustee may deserting". Trustee may Pa place ant ender lice lernr designated
<br />of any Paco M the Pr.Peey by faYgt uwmamceeaewl gg Ibis t' postpone, Lek er
<br />ill
<br />lime and Isle" N all
<br />�( of �y PorMae Nla PfSPertl N ray atW. an) My ►Ia" sehdtdd sake. Lender of
<br />" sac
<br />of PSYMM of *0 roost slaty Jeerer Is ten
<br />troll Tkg
<br />rut M Ibis Ttrstra drtsdPfk AM M Prreheaer Trrester's died conreylry the Property
<br />shah Mly, lM pacted% M eM sbk M use foNew Prisnb lark evidence Of IM truth of hhe slafemtsnsa mbde therein. Truster
<br />Is date W
<br />mat BmIIS! I, Trtrlet'g
<br />fsga 91 00 mart Ittar o M rags rvNa cad rsPrmes Of Ike oak. Including. hI
<br />�'Ibperi (N N ant g"M SHWId by"Deed g Nice• reasonable attorney's
<br />of Tor/ fees gold costs of
<br />i tend (tl ten ace,. N bay, to the
<br />Perris er footwear kgWy entitled
<br />11' Mroewte're N%M to Rtslrelor
<br />Notwithstanding l errder's areeleraunn of 'he sums uturcd by this Decd of Iniu
<br />Iktrrower She{I have the right c ewe any proceeding begun by Lender to enforce this feed of fnnl dOtortmotd at
<br />any ems prior to the ruler to occur of pl the filth day before she tale of the Property pursuant to the power M sift: contained
<br />In this peed of Trust or pit entry S1 a juidgment enlorcing this teed of True
<br />hit than due 'trust,
<br />tinder this Deed of of (e) Borrower pays Lender all $unit which woold
<br />the Note and notes
<br />tit} Borrower
<br />tr
<br />Securing Future Advances, If any, had no scceltration occurred.
<br />curer NI breaches of any Other covenants or agreements
<br />ice Borrower Borrower
<br />9
<br />of contained rn this Deed of Trull.
<br />pays all reasonable aspanset irRurred by Lender and Trustee rn entnrcmg the covenants
<br />Bourn -er contained on this flied of ira$t and tit
<br />end agreement of
<br />enlrsremg l andtr s and I ru.tre s remtdres as provided in lintel irsrhrdmt. Plot no( hmned In rtnonable dtorney'$ lees end fife trmrawu I�Mrt eonb
<br />regteero to assure real the Iron of this 1'Red W
<br />cal f full I. ender', .ntereol m rho P.ke, a. n..n at I ender r.,aY reA rnnetrlY
<br />end "", a, Ier'd r ",.V u o ,rbpay
<br />Vl Fi
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