|
<br />r
<br />
<br />83--00115,:
<br />
<br />9_ Condemnation. The proceeds of any award or claim for damages. direct or consequential. in connection with- any
<br />condemnalion or Olber taking of tbe Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender,
<br />In the event of a tOlaltaking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust,
<br />with the excess. if any, paid to Borrower, In the event of a partial taking of lbe Property, unless Borrower and Lender
<br />otherwise agree in writing, there shall be applied to the sums secured by this Deed of Trust such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Deed of Trust immediately prior to the date of
<br />taking bears 10 the fair market value of tbe Property immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower, .
<br />If lhe Property is abandoned by Borrower, or if, after notice by Lender to Borrower thaltbe condemnor offers 10 make
<br />an award or seltle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is
<br />malled. Lender is authorized to collect and apply lhe proceeds, at Lender'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 poslpone the due date of the monthly installmenlll referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />10. Borro..u Not Rei......... E>ttension 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 />t/ul liability of the original Borrower and Borrower's successors in interest. Lender shall not be required 10 commence
<br />proceedings againsl such successor or refuse to extend time for payment or otherwise modify amortizalion of the sums
<br />secured by this Deed of Trusl by reason of any demand made by the original Borrower and Borrower's successors in interest,
<br />t t. Forbe........,e by Lender Nol a Wah'er. Any forbearance by Lender in exercising any righl or remedy hereunder, or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy.
<br />Theprocuremenlof insurance or the payment of taxes 0' olher liens or charges by Lender shall not be a waiver of Lender's
<br />righllo accelerale the maturity of the indehledness secured by Ihis Deed of Trust,
<br />11. Remedies Cumulative. All remedies provided in Ihis Deed of Tmst are distinct and cumulative to any other righl
<br />or remedy under Ihis Deed of Trusl or afforded by law or equily. and may be exercised concurrently, independently or
<br />successively,
<br />13. Sw:ceaors IIDd AsoigDs Bound; Joinl IIDd Several Liability; Cap lions. The covenanls and agreements herein
<br />contained shall bind. and the rights hereunder shaH inure 10, the respective successors and assigns of Lender and Borrower.
<br />subject 10 lhe provisions of paragraph 17 hereof. All <""onants and agreements of Borrower shall be joinl and several.
<br />The captions and headings of the paragraphs of this Deed of Trust are for convenience only and are not to be used' to
<br />interpret or define the provisions hereoL
<br />14. Notice. Except for any notice reqUired unJer ilpphcable lu\\: to be given In another manner. (a} any notice 10
<br />Borrower provided for in ,his Deed of TmSl shall he given by mailing such notice by certified mail addressed to Borrower al
<br />Ihe Property Address or at such other address as Borrower may designate by notIce to Lender as provided herein, and
<br />(b) any flotice 10 Lender shall be given by certified mail. return receipt requested, to Lender's address staled herein or to
<br />such otber address as Lender m:ay designate by notice to Borrower as provided herein. Any notice pro\'ided for in this
<br />Deed of Trust shall be deemed to have been given to Borrower ()r l.ender when given in the manner designated herein.
<br />15. Uniform Deed of Trust; GovrrnillR taw; St-\o'erabiUt\,. ThIS form lOf deed of trusl combines uniform covenants for
<br />national use and non.uniCorrn covenants with limited variations hy JUrls.dictlOn 10 ;.:onsritute a uniform security instrument
<br />covering real property, This Deed of Trust shall he governed bv the law of the ;urisdi;;tion in which the Property is. located.
<br />In tbe event that any provision or clause of this need ot Trust or the Sott." ..:onfhcts With apphcable law, such conflict shall
<br />not affect other provisions of this Deed of ~rust or the Note whICh ~,';1Il be given effect wnhollt the conflicting provision.
<br />and to this end the provisions of the Deed -or TruM ilnd the ~otc arc dedared h,\ he severable,
<br />16. Borrower's Copy. !k,rrower shaH be furnIshed a \,'(mformcd nlpy '--Jt the Note and ll( this Dt..~d of Trust at the time
<br />of execulion or after recordation bereof.
<br />17. Tnmsfer of the Property; Assumption. If alll)! ;1O} part ,--,( the Pruperty or an interest therem is sold or transferred
<br />hy Borrower without Leoder.s prior WflTten consent. excludmg i a) the crc3tilln ('It ~t lien or encumhrance subordinate to
<br />this Deed of Trust~ (b) the creation or a purchase money SC-CUfHY interest for household appliances. (C) a lransfcr hy devise.
<br />descent or by ope-ration of Jaw upon the death of a j\.lint tenant or ~A} 1 ;0 1"- . la lln1d '.HUTTt f thrum, lirA II Iii
<br />rr l<iimlniR'l:R i,f711" ia ,lIfihnn Lender may, at Lender'-s 01"0(10, Jeclare ~!I the ~ums secured by this Deed uf Trust to he
<br />immediately due and payable, Lender shall have \\aived such nplH'li1 to a.:ceicrure if. prior to the sale (lr transfer, Lender
<br />and the person to whom -,the Property is (0 he sold l,.l[ transferred re..H:h agrecmem In writmg that the credit of such person
<br />is satisfactory to Lender and that the inter~t payahh: on the sum.. ....-xured hy this Deed (If Trus.t s.hall he at such rale ,I'
<br />Lender Sh3. II request. If Lender has waived the l)ptlon to ;u':i.:clera!t" pn,)\'ldcd in this p~o. ra_p.h 17" ~a ann.~d II if ,n Roorrrroo~w'~e_lr's \uccessor
<br />in interest has executed a written assumption agrcenu:m acceptN ~n \'\-T1Wl'p: r.y l.et~,. u:p:~rower from
<br />all oblipllons under Ihis Dee<l of Trust and Ihe NOle. ..', .' . 0_ .... --.
<br />If Lender exercises such option to accelerah:, Lender ,hajj !l1J.d Hilrnw.-cr notice of acce~ratiOn; in~ac(QI'(j:mr with
<br />paragraph 14 hereof. Such notice shaH prOVide a perlL"ld ~\t not k..... th:.in _hj JJ.~~ from'the--~ the n~tfce~i):~e<twithin
<br />which Borrower may pay the sums declared due. If BtlffOwer Luh b) P,i:\ :-.uch ...urn:'. prior w the cxpirrHion of kUchlperiod.
<br />Lender may, Without turther nOlke: or demaod ,m B.Jrfo\\cr. IO,'-\l}..C ..H'l\ reml~dll~,) ptfmlt1ed tl\' paragraph 18 hereof.
<br />NON-UNIFORM CO\'ENANTS. Borr-ower and. Lender lurther ...:tl\C'n~~nt JIHi ;lgr..-e a~ t(\Il~")ws
<br />18, Acteleratlon; Rem....les. Except as pro.idee! in p&r"llraph 17 hereof. upon Borrower', b",ach of any co.enanl or
<br />...--1 of Bol'1'OWer in Ihb llHcI of Trusl, ineludillll Ih. co'enanb 10 pa, whon due an" sums secured by Ihis Deed
<br />of Trust. lAnder prior 10 acceleration.....1 mail nOlk. 10 Borro\\er .. prmided in panlllraph 14 hereof specifylllll; (lIthe
<br />""""h; (lllho aetioIl requlrod 10 cu'" such bn'aeh: \31 a dale. nol less lhan 30 days front lhe dale lhe nolice Is maDed I..
<br />lIorro_r, by which such breach must be cund; and \41 Ih.1 failure 10 cure such hreach on or before the dal. specified
<br />ill tile notift may "",uIt in accelerallon of lho .,...'" secured by Ihb llHcI of Trust and sale of Ihe Propertl. The nolice
<br />.... fllffher iof_ Borrower of lhe righl 10 ",instale afle' ..."..leration and the rlahl 10 brillll a court action to assert
<br />I.... _-ni.tence of . defaull ur .n. ......r defense of Borrower 10 an..lerallon and sal., If lho bn'ach i. nol cured
<br />.... 01' before lbe date spee1&ed In I'" Ootiee. Lender al untler's option m., dedare all of Ihe sums secured hy Ihb need
<br />of Trut Ie be ImmediaIoly d.... and payable \\ithGUI Further demand and ,oa, in"tke Ihe power of sale and any ...her remed'"
<br />permlIted by appIleabIe law, under shalf be entitled 10 colleet all re....nable nl.l. and ..penses ineurrod in pursui... Ihe
<br />re=;IIes ....."ided m lhis .............. 18. indud;,.. hut not limited 10, reasonable a!tome,-s fees.
<br />If tile po_ of sale Is iII.oked. Trustee shall re<t>n1 a notice nf default in each counly in which Ih. Properly or some
<br />,... Ibereof Is ~d and shall mail <opies of sueh nolice In 'ho manner pr....ribed by applicable 1_ 10 Borrower and 10 Ihe
<br />ot1oer .......- p.-.lhed by .."ue.bIe la.., Afl.r the laP>" of such time as ma, be required b, applic.bI. 1..., Trustee shall
<br />p.o. puIIIk notlee of sale 10 the pe....... ..... in the manner prescribed hy applicable I..., Truslee. \\'ilhool demand on
<br />1Iorro_..... sell the Property at puIIIk aucliun 10 the hitthesl bidder .Ilh. lime and place and under Ihe lerm. des.naled
<br />lathe notlee of .... ill ORe 01' more ......... and in _h or..... "" Tntslee m., d.termine. Truslee m.l poslpone sale of aU
<br />or ..y pIIIftI of lhe Property by puIIIk anAOU...'emeA\ at Ihe lime and pt.c. of .n, prnioltsl, scheduled sal., I,en..... nr
<br />I......,.. doaIpee may ~ the Propert)' .1 ...)' ....,
<br />u,.. IftdpI of JIIl)'- of tlte prke hid, Tretee shall deli> er 10 lhe purehaser Truslee', deed co.....yinR Ihe Property
<br />...... TIie........ tile T_'s .... ..... be prima f.1e ..idenee of ,he lruth of tlte state_nb m_ th.....I... T_
<br />"'1lfIIly ............ . of cbe.... In the foIIo!'iM ~r: {.llo all ",MOnabIe <_ and ..pe_ of lhe sale. lneludl.... but
<br />_......... t_'sr-of_ _t....1/2 of l"'~ of tIleRtoSSsale price, ...._DabIe allom..'. f_.nd c_ of
<br />:.... ~ 00.... _ --'" by tbit Deed of Tm>I~ and Iellhe ex...... if ..y, 10 Ihe pe""" or .......... legally .nlltled
<br />.9, a.n.w.r. ....... to...... Nt)lwllhlulndinl l-ender\ ac,etcraut.'" \It the "tim' ~c('urcd h}' thl\ Deed (l( Trust.
<br />~r Ihall have the ripl to h.ve dny f'r(l(.~jnlJ" ~gun- by Lender ll.l ~nrnr\.:'e tht\ l1et'd of Trust di'lioconnnw:.d at
<br />~ny ~i:me prklf 10 U\C ~.i~tcr to \"l('cur c)f (I) the fifth \1&)' ~h)fe the' "ale \.ll the Pft)p.:rry pursu~u\t h\ the ptlwcr ,--'I sale conlalnt."d
<br />ut-thD 1leedt."5f TrUll ~'tf (-ulentf~!lf a Jt,KI~nt C:ttf<)rdna thi" {'let:d of Tnut If: (it) Borrower pa},> l.endcr all foum", which would
<br />be then due t~ thJS Deed Q' rfu~i. the Note and notn ~Hrmg Future A.dvan-ce:\. If all)'. h.ht no a;;:\'denHlon ,)ci.'urred:
<br />(b~ Borrt.\\fII-<< ~\lfefl AU breacha l)t any ('lher ((1",'tnanh ('If' .l;r<<mcrH\ ,)1' 1:l{~rr\l\\'er l'onlamc-d in tht.. l.k('u ,\f Tnt!\,1;
<br />(d 1kttt(lW1:t p1I:<)''l al~ rea.~mahk e're~" trKurred h)' t("'tRkr "-n-d rru~t-e~ :n enhlfcmg the \:()\-l,,'-HiUlts and '""ttH'('menl!o ..4
<br />80~~ \;~.tmN.t in thu. l)ecd i:~t I ru,,"' ~n\.t ifl ~nforcm, I ,('ndtt\ ;~rni hlJ..h::'~.~ tC"ow,-he, ~l" pnlvid\:d If1 r~r"gnf'h I ~
<br />~. nlCJudjn:,. but f'k" h-nnte-d tt'. rc..,,-mahk nUOT1'M""" h."1:\. .;.tad hll Rur-nioW('t takci. ~!t1.;h ~idl(m ii'\ t J..'nJi.~f Fllit\- rt")I:~nnat1h
<br />~ftJuu~ to ~"tCt thAt t~ lK"-n ~~f th" fMd of 1fm.t 1 f:tlli.kr'", Inl~re"ot In lhe P!fl.pCft\" .tnd l\~'n.p~n'" .lhhgatl~'n fl' p:\\
<br />
|