|
<br />83-001~_~{:
<br />
<br />9. Condemnation" The proceeds of any award or claim for damages. direct ,!r consequential. ~n connection wi~ry any
<br />condemnation or other taking of [he Property. or part thereof, or for conveyance in heu of condemnation. are hereby assigned
<br />and shall be paid to Lender,
<br />In the event of a totoltoking of the Property, the proceeds shall he 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 laking of the Property, unless Borrower ond Lender
<br />otherwise agree in writing. there shall he applied to the sums secured by this Deed of Trust such proportion of the proceeds
<br />as is equal to that proportion which tbe amount of the sums secured by this Deed of Trust immediately p,ior 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 !fla~e
<br />an award or settle a -claim for damages, Borrower fails to respond to Lender wi~hjn 30 days after the date such notice IS
<br />mailed. Lender is authorized to coHeet and apply the proceeds. at lender's option. either to restoration or repair of the
<br />Property or to the sums .ccured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not ex.tend
<br />or postpone the due date of the monthly installments referred In 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 />hy this Deed of Trust granted by Lender to' any \ucccssor in interest of Borrower shall not operate to release. in any manner.
<br />the liability of the original Borrower and Borrower's succcssor$ in interest. Lender shall not be required to commence
<br />proceedings against such successor or refuse to extend time for pay~ent or othcf\VlsC modify amortization of the sums
<br />secured by this Deed of Trust by reason of any demand made by Ihe ongmal Borrower and Borrower's successors in interest.
<br />11. Forbearanee by Lender Not a Waiv~r. Any forbearance by Lender In exercising any right or remedy hereunder. or
<br />otherwise afforded. by applicable law, sha.1l not he a waiver of or preclude the ex.ercise of any such right or remedy"
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shaH not be a waiver of Lender's
<br />right to accelerate the maturlry of the mdebtedness SCCUH."ti OJ' thIS Deed of Trust. , . "
<br />12.. Remeclie-s Cumulative. An remedies proVIded Hl thIS Deed l.)f Trust are dl~tmct and cumulative to any other fight
<br />or remedy under this Deed of Trust or ;dforded by iaw or equity. and may Oe exercised concurrently. independently or
<br />~uccessively.
<br />13. StKcesson: and Au_ns Bound; Joint and Se'\'r-raJ l.iability; CaptioD.(j;. The (ovenant5 and agreements herein
<br />contained shall bind. and the rights hereunder :-hall inure In" the n..-spcCllvc successors and assi~ns of Lender and Borrower.
<br />subject to the proviSions of paragraph 17 hereof" All covenants and agreements (If Borrower shall he joint and several.
<br />The captions and headings. of the paragraphs of thl\ Deed 01 Tru\t are for convenience only :Jnd are not to he used to
<br />interpret or define tbe provisions hereof"
<br />J4~ NoticC'4 Except for any noUcc reqUIred under apphcablc law to he gl\'Cn III another manner. ta) any notice to
<br />Borrower pro"-ided for in this Deed of Tru$.t :shall he gl\'cn by mailing such notice hy certified mail addressed to Borrower at
<br />the Propert)' Address or at such other address <t'i Borrower may designate hy notice to Lender as provided herein. and
<br />(b) any notice to Lender shall be given hy certlfied matL relUrn receipt requesled, to Lender's address staled herein or to
<br />\uch other address as Lender may designate by notit.:c to Borrower as pro....ided herein_ Any notice provided for in this
<br />Deed of Trust s.hall be deemed 10 have been ':'I't'cn to B-orrO'Ncr or I ender when given in the manner designated herein.
<br />15. lJniform Defll of Tru:st; GOl'f"rniq Law: Se\'rrabiUt~". [,h,"\ form of deed of' trust combines uniform covenants for
<br />national ~ and non-uniform ('o.....enanls with limited Vaf1atlons hy JunsdlcHon to commute a uniform security instrument
<br />coveri.ng real pr-ope:rt)", TIus- Deed ot Trust sh311 he IWvt'rncd by the law 01 lhe Junsdit.:uC\n In which the Properl)' is located.
<br />In rhe event that any provision or dause of thl"s Deed pi Tru~t (ir the Note (Ontli-(h wtth applicahle law, such cnnftict shall
<br />not a{feer other pro\'lSion~ of this Deed uf Trusl ~lr the NOH.", whIch can 1)(' gIven ctiec[ without the conflicting provision.
<br />and to tbi$ end the provisiOns ot the Deed O'f frust ,HId the Not.., are declared 10 he s.c,,'erablc"
<br />16-. _wv's Copy. Borrower shall he furOl~hed a c,mformcd \:opy of lhl' Note and of thIS Deed l}f Trw-.t al the time
<br />of ex.ecution or after recordation hereof
<br />11. Traufer of 1M Property: A.umpfion. H all \'r ;to;' p:ut of the Propert) pr an interest therem IS -s.old or transferred
<br />hy Borrower without Lender's pnor wntten ....on~..mt. t"\ciUUlOg j.1) the aeatlon of a hen or encumbrance subordinate 10
<br />this Deed or Trust. (h) the creation (If a purch~ m(\fie\- ~c~urlty Interes'l tor h,'u-iC'hoid appliances. t 1".' I a (rander hy devise.
<br />dest-enl or hy operat!:OD of law upon the death ot a J'lInt tenant or {d j the grant \,t Jny leasehold interest ,)t three years or Ie&.'\.
<br />not (\lnlaming an option 10 purchase. 1.ender ma\-, .it l.ent.ier\ uptlon. lil.-c1arc ait the ~ums ,ccurcd hy this Deed of Trust to be
<br />Immediately due and payable. Lende_f s.haH have W31\'cd ~och option h' ~K~eierate if. prior w the ~lc or transfer. Lender
<br />a.nd (be person to whom -,he Property Il. to be sold tlr trarufcrred leach agreemcm In writing that the l:redit of such person
<br />is satist'actory to Lender and that the mterest p,n"ahlc tJ.ft the :\urnx 'S-t."':Cured D\' !his D<<d of Trust ~hall be at such ratc a~
<br />Lende.r shaH request. If Lender has waived the npHon to at.:celerate proVIded in thiS paragraph J 7.. and if 8orrower's successor
<br />in interest has executed a written auumptlon agreement oll...--ce-pled In ..ntln~ hy Lender. Lender shaU release Borrower from
<br />an obligalion. under thi, Deed of Trust and the Note
<br />if l..t-ndcr cxerci-scs ~\K'h option tn accelerate, l.eOikr .,hali mall Horrower nol1t.-e ,')f acceleration in a\."'Cordance with
<br />paragraph 14 hereof- Such nobce shan prOVide a fle'r"ld 01 !1l.lt kss. than __Hl Ja\'s from the date Ihe notice is mailed within
<br />which Borr(lW~r may pay the sums 1.k.~lared doc_ If Borrowef f.lIh 10 pay ~,;,uch ~ums prior to the expirauon of such period.
<br />Lender may. without funhcr notice or demand no Borrower, mV(lk.e any remedies permitted hy paragraph 18 hereoL
<br />NON.L=stFOltM COV';N1\NTS, Borrower aoo Lender fUTlhcf co\"cnant and agree a~ follows:
<br />18, A<<<knllioa. Remeclin. unpl "" pntYilktl in panlltnph 11 heRof, u..... Bono..er', ""'ad. of any <onnul or
<br />.-t of Bo......" in thio Ilfttl ot Trust. ilK'hodiaa the <0..'_ 10 pay' wheD due any....... serured by this DHd
<br />of T.-. Lendft prioI' 10 acttlft'atiott sbalI ...... _ice 10 B........... .. pro,'ickd in ......... 14 heftOf spKifyq: (1) !he
<br />~ l21 doe --. reqooifttI to <Uft ,udl bftwolo; (3) a d*e, _ ..... Il.... 38 dayo fro... !be date lhe notice.. mailed to
<br />........... by ..Ioiclo .udl Iorndo _ be <urN; ..... (41 lhat f...... to <lift sueh bftach .... or before the date specified
<br />i. IIIe _ ..., mnrIt in ac<<V_ o( !be ..._ wcURd by thk l)eed of Trust aad ... of lhe Property. Th. notke
<br />sbalI furthu iaf_ Bono_r of IIIe ....1 t.. ~ at...r M'ttlml..... aad the rif:1II to briDa a <ourt IOdion to _rt
<br />1M .........liokac:e of a def_ or a.. ntloa' def_ of Bo......" 10 attdenotioD ......... If Ihe bnM'h is nol cured
<br />.... or bdore !be dale lipKihd in the 'RCJtl<<. 1..-... at IADlkr', 0pIi0a _y declare all of !be .oms "",..ured by Ihis DHd
<br />of T~ to he ilDlllMialdy tlue and pay...... ..i1_ f_ __ ..... _y in.oIoe the power of ... and any ot..... remedies
<br />pemaitIetl by IIfIIIll<'ahIt Ia... l..ftKkr sbalI lie entltkd to coIle<t all _..... <_ ..... ex_ incurred in punuln1l !be
<br />re--... pro.wed in 1Iois.......... 18.lndnoIitotl. bul _ _ 10. ~ _1" fea.
<br />If 1M ...- of ... k ia........ T_ oIulIllft:onl a _ of dfl....1 in _ eounty in whirb the Property or ...me
<br />p8If ~ .. Iocaktl ....... ...... a>pin of suclo _ i. ttoe maDD<< _ribed by "f'PIieaIoIe Ia.. to Bonower ..... 10 the
<br />ollou ,..... ...-.... by appfkloIIIe...., ""ft" the ..... of ..... Ii_ "" may be ~ by applka" Ia... T_ shall
<br />cw.. paIIIie _ of... to ttoe rer- .... in the _.r pnscri_ by appliralJk iaw, Trustee. withoul demantl on
<br />........... .... RII 1M ~ at paIIIie auc:tiee to ttoe hill_ bMWft' at the ti_ ..... place and under rhe terms desill_ed
<br />iD tile ......... of... ia _ .... -.. ,....,. .... ia 'OKlo _r "" T'-ee may delHmhoe. T_ may _Ipoue ... of all
<br />... ..., paHd of doe ~ by poaWk _, ,....at at tile ti_ .... piau of .... prev"""'y ""hetl_.....,. bnder or
<br />I......... ......- ..., pwdlMe .... ............y at ""Y .... '
<br />t)pM RftiIIf of ,..,.- of tile pritt bioi. T.-w stuIII deli.... 10 !he ~ Tru>ke', deed connvint Ihe Property
<br />...... TIte........ ill I'" T_" deed ..... lie ...- farle niotcton of the _10 of I'" _ats .......Iherein. Trustee
<br />.... .....,. doe ........ of .... ..... .. tile .......... O<der. 'allo all ~ ........ .... "'peRMS of lhe ..Ie, indudltotl. hut
<br />_ ......... T_'. fets of _ _ tlIaoo ~.,. of .... 1"* ... price. ~ aIto"",y'. fees and rom of
<br />:::... ~ ("'10'" _ --"" ..,.1Iois Deetl . .....1<1 t.... ucns. if ...y. In the penon ... pe_ lepIIy .ntided
<br />'9. ..................... to ........... Notwlthttandiftl Lcndec', acceieralioil of the sums \Ccurfd hy ttH'J (k"Co (If r1\\\L
<br />IorfO'W'e:f ...1 havr: the, ft,ftt to have .any pfocccdin~ begun by Lender w enrol"<<' UUl Ikffi l){ Tnl\t dlk:onlll\u\.."ti at
<br />any ~r_ prior to the c-arl.er 10 occur _of it} the fifth day hefOff the yle of the Prt)f'Cny pur,uant tn 1M fX'wer of ,ale ~ont..tfH."d
<br />mttUt DeedofTft_othi)cmry~ 3 ,Ixi,ment rnfon.::-ing Ihl.' 1Je<<i of Tn"t If- fa) 80ffllWer pAY!> I cnder;ail 'wnu wtucn Vo(\Hid
<br />~- theft m. under dl.' Ileed: of rru'\t, the Note and rmtn !l<<:unog f'ltWl'C' _Adl>arn:n. 11 .Joy, had n(} a(.'cdeut:h.m ""l...cmred;
<br />(h) Bor-tO'WC'f cUtes .U ~ t,,' any other cow--nanb. ur <tolrttmenti. ~\f Bor-rower <."ontamed In thu L~d ,-'C' '1 fu'\t:
<br />t.;) fIorru.w<< pay. al~ reatoft.tlblt: e'~W"' tfM..'UtR'd t..v "-eruie, and Tnl'St.tt ,_ in t'-nft:)fong fhe ";lWe"~U1h and agrCC'n\cl\h (It
<br />~ -nwtamcd m thti- Orecd t~ I nn.t and in ('!nlflf~tntl Le:nde~-1;, and 1 fi1,,-t<<'.. n:--m<'\h('.~ 3.'i provllJed m )\<u3gnph 11'1
<br />~f, J:~ but not hmtled (I)" N~.bk attornf'Y \ f~: ...nd (di Rt.\TTt.'tW<<'t tnrt ,,\JCh aeonn ;as l.t'nder Ola\' f(".1l0nahh
<br />fv.qw-~ h~ M"'1lt~ t~ ,he. he.n of thtl {~ or "fU..t, I .effd,c<(" Illte:r1:'\.t tit ehe Pn"ren~' itnd g,\rH'''''t:'f'~ ,,~lift.tt(~t1 fn iU\
<br />
|