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<br />I <br /> <br />83-o012~>~ <br /> <br />9~ CODdemnation.. The proceeds of any award or claim for damages. direct or consequential. in connection wit~ any <br />condemnation Of other taking of the 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 total taking of the Property, Ihe proceeds shall be applied to the sums secured by th,s Deed of Trust, <br />with the excess, if any. paid to Borrower. In the event of a partial takin.g of the Property, unless BO:Tower 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 />laking bears to the fair market value of the Property immediately prior to the date of laking. with the balance of the proceeds <br />paid to Borrower. <br />It 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 lhe proceeds, al Lender's oplion, either to restoration or repair of the <br />Property or 10 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 monthly installments referred [0 in paragraphs I and 2 hereof or change the amount of <br />such installments, <br />10. Borrower Not Rekased. Extens.ion 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 O! Borrower shall not oj')Cratc to relc3:se. in any manner, <br />the liability of the original Borrower and Borrower's successors in IOrcrest. Lcnder shall not be reqUired to commence <br />proceedings against such successor or refuse 10 extend time for pay~ent or otherwise modify amortization of the sums <br />secured by this Deed of Trust by rcason of any demand made by the onginal Borrower and Borrower's successors in interest, <br />11. Forbearance by unMr Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder. or <br />otherwise afforded by applicable law, s.hall not he a waiver of O! 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 accelerate the maturity of the indebtedness secured hy this Deed of Trust. <br />12. Re.mNies Cumulative. All remedies provided in this Deed of Trust arc distinct and cumulative to any other right <br />or remedy under this Deed of Trust or afforded by law or equity. and may he exercised concurrently, independently or <br />successively. <br />13. Successors and Assigns Bound: Joint and Several Liability; Captions. The covenants and agreements herein <br />contained shall bind, and the rights hereunder shall inure to, the respective SllCCCS-'iOrs and assigns of Lender and Borrower. <br />subject to the provisions of paragraph 17 hereof. All covenants and agrecmcnrs of Borrower shall he joint and several. <br />Tbe captions and headings of the paragraphs of this Deed t\f Trust are for com'cnience only and are not to he used to <br />interpret or define the provisions hereof, <br />)4~ Notict'. Except for any notice reqUired under apphcable law h1 be given In another manner. (a) any notice to <br />Borrower provided for in this Deed of Trust shaH he gl\'cn by mailing such notice hy certified mail addressed to Borrower at <br />the Property Address or at such other address ~s Borrower may designate loy notice to Lender as provided herein. and <br />(b) any notice to Lender shall he given hy certified mail. return receipt requested. It") Lender's address staled herein or to <br />such other address as Lender may designate by notu:c to Borrower as provided herein. Any notice provided for in this <br />Deed of Trust shall be deemed to have been given 10 Borrower or Lender when given in the manner designated herein. <br />15. Uhifonn Deflt of Trust: Go't't'rmRJ: Law; Sel'erabilit)-. -nw-. form of deed \}( tru~( n)mbincs uniform covenants for <br />national use and non.uniform covenants with limited variations hy ,!unsdicllon to constitute a uniform security instrument <br />covering real propert)', This Deed ol Trust "hall he governed by the law ot the Junsdiction in which the Property is located. <br />In the event that an}' provision or clause of this D-ct.-d 01 Trust or the Notc i.:onfli!.:b. with ~lpplicahle law. such. l"lmftict ,shall <br />not affect o~ provisions-of this Deed of Trust or the Nore whIch can he gwen etfect wlthollt the conflictlng prOVision. <br />and to this end the provisions of the Deed of Tru~t and the Note arc declared hl he severable. <br />t'. Borrower"s Copy. Boriower shan rn: furmshed: a contonncd l:Opy of lhe Note and of this Deed of Trust <it Ihe time <br />of execution or after recordation hereof, <br />17. TrwIsfer of tbe Property: AssumptioD. If all tlr any pan ("If the Property or an interest therem is sold or transferred <br />by Borrower without Lender's prior wntten consent. c:\duding I a) the acatll..lll of a hen or encumbrance subordinate 10 <br />this Deed. of Trust, lh) the creation of a purchase money ~t.~unty interest for household appltances, Ii.:) a transfer by devise. <br />descent or by operation of law upon the death of a 10101 tenant or (d) the grant of J.ny leasehold interest of three years or less <br />not containing an option to purchase. Lender may. at Lender'~ option. declare all the sums. secured hy this Oeed of Trust to be <br />immediately due and payable. Lender shall have waived such option h) accelerate if. prior 10 the sale or transfer. Lender <br />and the person to whom Jhe Property is to be sold ...\r trans.ferred reach agreement 10 writing that the credit of such persOIl <br />is S41isfaclOry 10 Lender and that the interest payah-Ic on the sum-s ~x:ured hy [his Deed of Trust shall he at such rale as <br />Lender shall request. If Lender has waived the option 1\_1 accelerale prOVIded in this paragraph 17, and if Borrower's successor <br />in inleresl has executed a written assumption agreement at.:cepted in wflung ~y Lender, Lender shall release Borrower from <br />all obligations under Ihis Deed of Trusl and the Note <br />If Lender exercises such option to accder;ttc. Lender ,hat! m;ul Rt)rrt.lwer nohce {If acceleration in accordance wuh <br />paragraph 14 hereof. Such notice shall prOVide a perino t,t not ks.s th3n .'0 da~'s from the date lhe notice is mailed within <br />which Borrower may pay lhe SU~S declared due, If Borrowe~ (ails. h) pay ~uch sums pnor to the expiralion of such period. <br />Lender may. without further nollce \1r demand on Horrower. !n\'o~e .m)' remed!t.~ pe-rmiued by paragraph 18 hereof, <br />NON-UNIFORM CO\'ENAi'ns. Borrower and L~nder further ,'ovenanl and agTtt as t'ollows: <br />18, Accdftalioe; Remedies. Euepl as ......icIed in pananlpIa 17 hereof, u_ Borrower'. breacb uf any cu.enaal nr <br />1IlIt__t of Bonower in this need of Trusl. inda4ina tlw <on_ to plOy wlwn due any .-ums secured by this Deed <br />of TnasI, Le.... prior to a<<aeralion sIuoII mniI notice 10 BorroWft' as pnnided in ........... 14 Iwreof speclfyinlt: (I) the <br />br'I!nch: (1) the nction reqllired 10 cure sudI breach; (3) a <ble, DOl \as lhan 30 da}. fl'Olll lbe date IIw notice is rnaiJed 10 <br />Bonower, by wllkb .ucla breach m... be cured: and (4) t..... fail.... to cure SlKb breach on or before the dale specified <br />in tlw I14Jtift mal result in aceelentioa of tlw 50_ secured b)' this Il<ed of T nasi and snIe of the Propeny. The noli<< <br />sIuoII furdler infonn Borrower uf tlw richt to ~~ afler K<deratioe and the ricllt 10 brinJ: a roun action to .....rt <br />II." non-ellilteDce of a defnult or any oIhu defense of Borrower 10 lKcelerntion and sale. If tlw brenc:h is nol cured <br />on or before I.... date specified "' tlw ~, l..ender at Le....'s option IDa)' declare all of the sums ""cored by lhis Deed <br />01 TfUfit to be i.......lnIdy d_ and pIOyn\oIe wit....... furtloer demand and ma)' in.oke the po_r of snIe and any oIlwr remedies <br />pnmitm\ by 8pplic1o\JIe law. \.e.... shall be entitled 10 collect all ~ c_ and e_ incurred in Pursuillll the <br />~ provilled in Ibis........... I&. indlOllinlt. ..... _ limited to. ..-nnbIe anonoey's f-. <br />If the pow<< 01 .. is in........, T_ sIuoII reronI a nofic:e of default io ado counly in ..lIkh tlw Property 0' some <br />port tbeftof is IocnIed and shall __ <opies of ....... ~ in the _ner pmocriloed by applic:abIe la.. to BorroWft' and to tlw <br />0I11H.-- pnsrriloed by appIialWe law. After IIw InpR of ....,h ti_ as may be required by applicable law, T.-ee slutIl <br />p plOWk ~ 01 .. to the ....- and i. IIw ...-r pmocribed by applicabk law, Trustee, wilhoul demnod on <br />1Iomower, shall sell the Pnopaty at ,.... __lion 10 the b~_ bidder at IIw Ii_ and place and under IIw Ie..... dn~nated <br />In the RoIke of .. in one or ....., plIR'eh and "' ...... onIer as T.....ee mn} determine. Trustee may postpo"" .. of all <br />.... .y ptIKd of tbe l'mperI} .,. ....... __ at t.... :'_ and place 01 any l'ft"iotosIy scheduled snIe. Lender or <br />Le...... desIc- _y ,..mo- the Pnopmy .. .y ... <br />u,.. reftipl of pny- of the pri<< bid, T_ shall deIi.er 10 tlw purd.tier T_'s deed ronwyi"l IIw Properh <br />...... 1ltto reribk in the T_'. olftd shall .... prima facie evidence of tlw truth of tlw sta_ made Ilwrein. Tnm~ <br />..... toppI)' the proceeds of tile sale la the folIowlaR order: (al to all re-we COOls and e_ of the .., includi"l, but <br />..... ......... T.-'s r- 01_ ...., tIoan . 05 % of tlw 1:- snIe price, re....... alto.....y's f.,... and costs of <br />:..... ~ (10) Ie nil _ -.red Ioy IIols Deed of T......: and Ic) IIw UC'elOO, if a.y. to IIw pe..... or persons Iqally entitled <br />'9.. .......... JU&ItC 10 ......... Noi:withstandinlll.c-ntkr', accek:rattOfl 01 tht" sum.,. ~(:urcd hv lOt.. (ked of rrm,(. <br />~r s~ have the_ rilht to have any prm."C'Cd1nl\ hegun hy l.emkr w (""force (his Deed HI 'l'Hl'\t t1!S\;ouunut.'lI at <br />any ~unc poor 10- the: c-arber 10 O<<tIt .tlt' (It lhe fifth day before the uk of the PTtJpt""V pursuant lu the rower tlt \ale l'ontamt"d <br />tn thi\ Deed of Tn.. or (ul ~nlry-o~ 11 JudFnct" enfornng1hh f>eat (J,( TntSl tf: fa) Borrower pays l.cnder alt UII"' which wnuhJ <br />be then due under Ih.. Deed o' 'I nlM, the Nok' Jlnd I'K)I~ securing Future Ad\!alh.'""'t"i. If any, had no ac,'('\CfaIlOn ..)C('urn:d: <br />(b) 8ar1'lWtCf CURS JaU bfCkbes of any othe-r ("i:wmanb or ag-rec:menh \1" 8orrower ,-'ontained III thl~ I~d {,t Trll:\L <br />(.;:) Born'lWCt" .....Y' .U r~bk e'~ incur~ by '-en~r and Tru~1ee in cnforcmt{ the nw'C"nanh ~n-d a~f<<n\('nh \'1 <br />~ (.~.med in Ibtl Deed of 1.flftt :t.nd In e-nfon:-j;n, I.:nder'j dOO Tn.,tre'''l rf'mNies ,"oi provu.:ted 10 paraguph 1 S <br />hetcof. u.:;ludHIt~ but m.lt hautc'd l1;J, fC"tiOOabIe .Untnry', t~; ..nd hI) Bo-r<<""''(!f t:l_ke& s-lKh lie-two a~ I cnder ma,' ft"Jl'>\\nahl" <br />f~~ to ~ t...., the hen (If thlA lltcd of I'nt"-" t endef\ flHef',="l lf1 fhe P;n~pr-n" ,HId O-f'ffO\\ct", (,>hhMaHt}O In 1'.\\ <br />