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<br />83-001114
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<br />9. Cotule-mnllltion. The proceeds of any award or claim for damages, direct or t;onsequential. in connection with any
<br />condemnation or other takiog of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall he paid to Lender,
<br />In the event of a total taking of the Property, the proceeds shall he applied to the sums secured by this Deed of Trust,
<br />wilb the excess, if any, paid to Borrowe" In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall he applied to the sums secured by this Deed of Trost such proportion of the proceeds
<br />as is equal to Ibat proportion which the amount of the sums secured by this Deed of Trust immediately prior to the date of
<br />taking bears to the fair market value of the Property immediately 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 by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is authorized to collect and apply the proceeds, at Lende,'s option, either to restoration or repair of the
<br />Property or to the sums secured by this Deed of Trust. .
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the annualinstallments referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments,
<br />10. Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured
<br />by this Deed of Trust granted by Lender to .any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the original Borrower and Borrower's- successors in interest. Lender shalJ not be .required to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the - sums
<br />secured"by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />II. Forbearane~ by {.ender Not a Waiver. Any forbearance by Lender 10 exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy,
<br />The procurement of insurance or the- payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelcrale the maturity of the indebtedness secured by this Deed of Trust.
<br />12. Remedks Cumulative. AIi remedies provided in this Deed of Trust are distinct and cumulative to any other right
<br />or remedy under this Deed of Trust Of afforded by law or equity. and may be exercised concurrently, independently or
<br />successively>
<br />13, Sacce&wrs and Assigns Bound; Joint and Sev~ral Liability; Captions, The covenants and agreements herein
<br />contained s.hall hind, and the rights hereunder shn1t mure to, the respective successors and assigns of Lender and Borrower~
<br />s.ubject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be- joint and several.
<br />The captions and headings. of the paragraphs of this Deed of Trust are for conve-njence only and are not to be used to
<br />interpret or dcline the provisions hereof.
<br />14, Noli<<, Except for any notice reqUired under applicable law to be given m another manner, (a) any notice to
<br />Borrower provided for in this Deed of Trust shall he 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 notice to Lender as provided herein, and
<br />(b) any notice to l.ender shall be given by certified mail, return receipt requested, to l.ender's addnss stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided hereto. Any notice provided for in this
<br />Deed of Trust shall be deemed to have been gi,'en to Borrowe, or Lender when given in the manner designaled herein,
<br />15. lIniform llt'fll of Trust; Gonrnl... Law; SevenblHty, Th" form of deed of trust combines unifonn covenants for
<br />national use and non.uniform covenants wtth limited variations by jurisdiction to conslitute a uniform security instrument
<br />covering real propeny, This Deed of Trust shall he governed by ,he law of the jurisdiction ;n which the Property is located,
<br />In the event that any provision or clause of ,hIS Deed of Trust or lhe Note conflicts with applicable law, such contliel shall
<br />not affect other ,pr~ions of this Deed of Trust or tbe Note whIch can he given effect without the conflicting provision,
<br />and to thisend)hepmvlsiOM of the Deed of Trust and the Not< are declared to be severable,
<br />t6, Borrower's COpy, Borrower shall be fur DIshed a conlormed copy 01 the Note and of this Deed of Trust al the time
<br />of execution or after rccordatlon hereof.
<br />17, T~er of the Property; A_mpdoD. If all or any part of tbe Property or an interest therein is soid or transferred
<br />hy Borrower without Lender's prior written consent. excludin~ (il) the creation of a lien or encumbrance subordinate to
<br />this Deed of Trust, I b) the creation of a purchase money security IDteresl for household appliances, (c) a transfer by devise,
<br />descenl or by operation of law upon the death of a Jomt tenant or (d) the grant of any leasehold interest of three years 0' less
<br />not COntalfiU1g an OptIon to purchase, Lender may, at Lender's opt.on, declare .lItbe sums secured by Ihis Deed of Trust to be
<br />immediately due and payable, L~nder shall have waived such optIOn to accelerate if, prior to lhe sale or transfer, Lender
<br />and lhe person to whom,the Property is to be sold or transferred reach agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the intercst payable on the sums secured by this Deed of Trust shall be at such rate as
<br />Lender shall request, I f Lender has waived lbe "pilon to accelerate provided in this paragraph 17, and if Borrower's successor
<br />in iDterest has executed a written assumption agreement accepted in writing by Lender, Leader shall release Borrower from
<br />all obligations under this Deed o( Trust and the NOlC.
<br />If Lender exercises such option to a(:l."'deratc. Lender shall mati Borrower notice of act..-elerahon in accordance with
<br />paragraph 14 hereof. Such notice shall provide a penod of not less ,han JO days from the dale the notice is mailed within
<br />which Borrower may pay the sums declared due. If Borrower fails to pay such sums prior 10 lhe expiration of such period,
<br />Lender may, without further noIice or demand On Borrower, IDvoke any remedies pennitted by paralraph 18 hereof,
<br />NON,UN'FORM ('OVENANTS. Borrower and L~nder further covenant and apee as follows:
<br />II, Accdenli<Nl; R.--... Eaceplll$ pooYiokot la ........... 17 IIenof, ...... 1IorroWft'. lNaclt of .1Iy co...... GO'
<br />..-- of IloI1uwer la IhIs 0-1 of TnIst, I...... lhe ""....... 10 pIIy whe. d. lIIIy _ RCond by tltls Deed
<br />01 T....... Leader priOt' to acceWratioa sItaIl ..... ~ I. Borrow<< as pro.1ded Ia .......... 14 hereof sp<dI:rtaI: (I) the
<br />lNaclo; (Z) lhe a"'loa ~ to ewe SIKh lItudt; 13) . daI.. .... ... llIu JO daya f... lite daI. lhe DolIce ls JUIIed 10
<br />1Ionower, by wlUdl ooela bfttods _ be c...... .... (41 llIaI failwe 10 c..., ...... .....It 011 or hefore lbe dale specified
<br />Ia llIe auIb ~ rauIl I. acceletalloa 01 file __ ...".,... by this 0-1 01 Tnsl .... sale 01 file Proputy. Tbe IIOlke
<br />.... foufllu iaf_ IIorrowft" oIlhe ..... I. .......... "Ie.- a<<<It<alioa aad lhe riIIol I. ..... a <ou1t action 10 _
<br />tile _...... of . clef... or lIIIy other *"_ 01 IJerIower I. ~ aad sale. If lhe lNacll is not c.....
<br />- ... before tile ..... spedIleoIla lite ~. l.aoIe.- at Lea<Ier'5 optloa _y oIoelsft aD 01 lite ...- secund by Ihls Deed
<br />01 Tntsl to he i.... .1aI.Jy ... ..... .....,.... widoMt fllltloe.- ....... ..... ..,. "'.... file ...._ 01 sale .... ..y olitu ~
<br />.......... by ~.Iaw. l.aoIe.-... be eaddetI to ce8ed aM r-..aIIle c1lIla ..... ...-- lnc:1u'ftd iD P......... lite
<br />....... pI'OYilIM '" I.... .......... II. ~ .... _ lIIalled 10, ..--we _1'5 f_
<br />.f lite ,....,. 01 sale ;........... T...... ..... -.... . IOOdct of clef.... I. adII _y Ia ...... lite I'rapet1y or _
<br />part lheftof Is ........ .... ... ... C<IfIes 01 sado .eke Ia tile _ pracrihe<l hy appIluIIIe 1_ 10 lIorro_r .... to lbe
<br />other ...... ............ hy .........., law. Afte.-lhe a.,. of SlIdI I. as _y be ........ by appIicabI< law, T_ _
<br />1M pIIWk .eke 01 sale Ie fIIe...- ... Ia lite _ pracribed by .......... law. T-. witltolal ..... ....
<br />a..-. .... .. tile ~ at polIIIk _Iioa to lite loiehest ItIdoIe.- .1 llIe 11_ ..... place .... u..... file Ie.... oIesIpat<d
<br />Ia lite .uc.. of ale Ia _ .. _ fIDKds .... Ia _ ...... Il$ ~ ..,........... ~ may ......... sale of aM
<br />... IIIIy paocd of lite ........, ., polIIIk _ ~ ,._ a\ lite .. ... place 01 DII)' prniooudy sdIo4al<d sale. Leader or
<br />LetuIer's........ ..,. ,..a.. lite ~ a\ OIly sale.
<br />u,... ~ 01 JII\7- of lite prift lIW. Tnastft ... .._ I. llIe ,......... 'I'nIIlft', dmI CODftylac the Propmy
<br />..... 1W........ Ia file T........... ... ... be ..... fad.. ~.we.- 01 llIe I",,1t 01 lite __ ...... lIwftla, T_
<br />........, ...,...... of die sale Ia the ........ ..... fa) to .. ~ r_ .... e...- 01 tile .., Iadudllll, but
<br />-.......... T........ r- of _ _.... 3l..l of 1 '110 of file I'" sale prI<<, ~ .ll_y', f_ ..... ...... 01
<br />...~ flit.... ____ It)'... ~ ofT...... ..... Ie} lite u~ If 1lIIy, 10 tIte ......... or .....haally ........
<br />........
<br />t9. ----..... ........... NoIWllhstandin. Lender', ...."<<ler.lIon ollhe sum. secured by thlS Deed of Trust,
<br />--- 1haIl1la... the ..... 10 haw aft)' pracceditlp bqun by L~nder 10 enlOKe this Deed of TnlSl <lisconhnued at
<br />allY t,- prior tome ...mer to _ur 01 Cil lhe Mlh d.y before the ...Ie of tbe Propeny punoanllo lhe power of sale contaIned
<br />i1tdlis IMd oITruot 01 hti CII\ty 01. iuctc-al wore.... Ihis Deed of Tl'UII .C; (a) 8<>rrower pay. Lender all sums whl<:h would
<br />.. fIuIft... ...... this Deed 01 TfUsl, me N.- lIIId .....'" _unne FU'DR ^dvanc:~.. If any, had no a...~leration oc.:urred;
<br />(tot ~ aM'C'l all "'-"" of any otIta "'_anls or a~, of 1I..""..er <""taiRed 10 thi, Oeed "~I Tr"",
<br />Cel ~ ...,.. .II ~ ........... .named b, tender and 'fn..ter in enforri... tllte <""""anI' and ",..,IMt.lS ,.1
<br />~ "....~ '1l1M Deed of Tnnr and .n eot<"ctne tender'. and T,,,,""", ,emedie. ., I'",.lded 'n I'.,.".ph I~
<br />.....,. ~ buI ..... lunded 10, -'* .nor...".', ,_. ."d (<II Borr.._, t.k.. "",h ""t<<'" .. I rnd<, mav ..."....blv
<br />,...... lC) ..~ .'-t ,be he-" t")' tna DIed of l"rmt. I fmWt'\ mternt m 1hc;o Pt-opr:ny and. 8o.-n"'l\ttef'" l~litt.tk.").n to I"'dV
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