|
<br />83- 00lf.W'7
<br />
<br />,. c............ The proceeds of any award or claim tor damages, direct or conlequential. in connection wit~ any
<br />coademaation or Olher lakiDl of lhe Property, or pert lhereof, or for conveyance in lieu of condemnalion, are hereby assIgned
<br />aIId IbaII be paid 10 LeIIcIer, .,
<br />In the evenl of a lotalraking of lhe Property, the proceeds shall be applied to the sums secured by thIS Deed of Trusl,
<br />wilh the ellCCU, if any, paid to Borrower, In the event of a panial takin!! of the Property, unless Borrowe, and Lender
<br />Olhenorisc apec in wrilin&. tberc shall be applied 10 the .ums secured by thIS Deed of Trusl such p,ropor\lon of the proceeds
<br />as is cqualto thaI proportion which Ihe amount of the sums secured by thIS Deed of Trust Im,medlately pnor 10 lhe date of
<br />lakin, bears 10 the fair market value of the Property immedIately prior to Ihe dale of lakong, wllh the balance of the proceeds
<br />paid 10 Borrower,
<br />It the Property is abandoned by Borrower. or if, after nOlice by Lender to Borrower Ihal the condemnor offers 10 make
<br />an award or seWe a claim for damages, Borrower fails to respond to Lender within 30 days after the date such ,nollce IS
<br />maiIcd, Lendcr is authorized 10 collcel and apply Ihe proceeds, at Lender's option, eilher to resloralion or repair of lhe
<br />Property or 10 the sums secured by Ihis Deed of Trusl, . ,
<br />Unless Lendcr and Borrower otherwise agree in writing, any such applicalion of proceeds to pnnclpal shall nol e'lend
<br />or postpone lhe due date of the monthly inslallments referred to in paragraphs I and 2 hereof or cbange the amount of
<br />such installments,
<br />1... .......wer Not R..... Extension of the time for payment or modification of amortization of the sums secured
<br />by Ihis Deed of Trusl granled by Lender to any successor in interest of Borrower shall not operate 10 release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in Interest. Lender, shall n~l be req.ul~ to commence
<br />proceedinp apinsl such successor or refuse to extend time for payme.Dt or otherwise modify amprttzatlOn of. t~ sums
<br />secunid by this Deed of Trusl by reason of any demand made by the origlOal Borrower and Borrower s succcsso", 10 IOlerest,
<br />11. Fo"""""e by Le"r Not. Waiver. Any forhearance by Lender in e.ereising any righl or remedy hereundc" or
<br />otherwise afforded by applicable law, shall not be a waiver of or preclude the e.ercise of any such ri!lht or remed~,
<br />The procurement of insurance or the payment of ta.es or other liens or charges by Lender shall nol be a waIver of Lender s
<br />riallllo accelerate the maturity of lhe indebtedness secured by this Deed of Trust,. . . .
<br />U. Re..... ell.lllatIve. All remedies provided in this Deed of Trust arc d,stlOct and cumulallve to any other nght
<br />or remedy under Ihis Deed of Trust or afforded by law or equity. and may be e.erciscd concurrently, independenlly or
<br />succcaively .
<br />13. Sooc:~ aM A...... Bollnd; Joinl aad Several LlabiIIly; Caplio.... The covenants and agreements herein
<br />conlllined shall bind, and the rights hereunder shall inure to, the respecllve successors and assigns of Lende~ and Borrower,
<br />subjecl to lhe provisions of paralraph 17 hereof. All covenanlS and agreements of Borrower shall be JOint and several.
<br />The captions and beadin.. of the paragraphs of this Deed of Trust are for convenience only and are not to be used 10
<br />interpret or dcfillC the provisions hereof, .. ,
<br />14. Notke. Excepl for any notice required under applicable law 10 be gIven in anolher manner, (a) any nollce to
<br />Borrower provided fnr .n lhis Deed of Trust shall he given by mailing such nOlice by cenified mail addressed to Borrower at
<br />the Property Address or al such other address as Borrower may designate by notice to Lender as provided herein. and
<br />(b) any notice 10 Lender shall he given by certified mail. return receipt requested, 10 Lender's ad'!ress stated herem or to
<br />such other address as Leader may des.ianate by notice (0 Borrower as prOVided herelo. Any notice prOVided for 10 thiS
<br />Deed of Trusl shall be dccmcd to have been given to Borrower or Lender when given in the manner designaled herein,
<br />15. Valfo.. DeeoI of Tnool; GoyeRI.. La...; Severability, This form of deed of trust combines uniform covenants for
<br />national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument
<br />cov~rinl real propeny, This Deed of Trust shall he governed by lhe law of the Jurisdiction in which Ihe Property is located.
<br />In the evenllhat any provision or clause of this Deed of Trust or the Note conflicts with applicahle law, such conflicl shall
<br />not alleel other provisions of this Deed of Trust or the Note which can be given effecl withoul the conflicting provision,
<br />and 10 this end the provisions of the Deed of Trusl and lhe NolC arc deelared to he severable,
<br />16. ............. Copy, Borrower shall be furnished a conformed copy of lhe Note and of this Deed of Trusl at Ihe lime
<br />of cucution or afler recordation hereof,
<br />17. -rr-fer of die ~y; "-......... If all or any pan of the Property or an interestlherein is sold or transferred
<br />by Borrower wilhoul Lenders prior written consenl, e.cluding (a) the creation of a lien or encumbrance subordinate to
<br />1M Deed of Trust, (b) lhe creation of a purehase money security interest for household appliances. (c) a transfer by devise,
<br />cIcacenl or by operation of law upon the death of a joint lenanl or (d) the granl of any leasehold inleresl of three yea", or less
<br />not coolaioin, an option to purchase, Lender may. at Lender's option, declare all the ...-~redby'lhisnccd of Trusl to be
<br />immediately due and payable. LeIIcIer sbaIl have waived such option 10 accelerale 1~....liliIll'or>t",nsfer, Lender
<br />aad the penon to whom.,he Property is 10 be sold or Iransferred reach agreement i. writlll'lfi,IhaI\ tki <:redil of such person
<br />iI oatiafKlory to Leader and that the inlerest payable on the sums secured by this QMIIl .~ ~uball,..be::at such rale as
<br />LeIIcIer shall rcqllClll. If Lender has waived the option 10 accelerate provided in Ihis panrgl'llfllH'h..nd if Borrower's successor
<br />in interesl has executed a wrillcn aasumption agreement accepted in wriling by Lender, Lender shall release Borrower from
<br />all obliptions under thil Deed of Trusl and the Note,
<br />If Lender ex~ such option 10 accelerate. Lender shall mail Borrower notice of acceleration in accordance with
<br />paraaraph 14 hereof. Such notice shall provide a period of not less than 30 days from the date lhe notice is mailed wilhin
<br />wbich Borrower may pay the sums declared due, If Borrower fails to pay such sums prior to the expiration of such period,
<br />LeIIcIer may. wilhout further notice or demand on Borrower, invoke any remedies permiued by paraaraph 18 hereof,
<br />NON-UNIFORM COVENANTS, Borrower and Lender further cOVCDllnt and agree as follows:
<br />II. Aeeelenllolo; Re...... Exceft.. provided in panarapIo 17 bueof. upoa Bono...u', brae.. of .ny cove_ or
<br />.-. of ........... bo I" Dee4 of TI'IIIl, lndtodiIta lhe cove_ 10 pay ...lIen due any ._ _....... by Ihia Deed
<br />.. T..... l.n4Mr prior 10 acceIenIIe. ...... ..... nolke 10 B........... .. ,ro.ided bo ........... 14 hereof .peclfy",: (I) Ihe
<br />.......; (1) lIIe ..,Iian ""lIiM 10 ewe na bradr; (l) a dale. _ _ than JO da,ys f...... lhe dale lhe nolke Is mailed 10
<br />.......... by ...1Ik.. ..c.. 11ft..,.. m.. he c......; ... (4) ..... fallnre 10 Clift ."".. bl'elldl o. or before Ihe date specllled
<br />.. tile nolke IDIQ' ..... In ncceIeralioa of die ..._ _urN by I" Deed of T..... .... .. of lhe Property, The nolke
<br />..... flll1M, inf_ Bone...... of llIe ....I 10 ~ afler acceIeralion and lhe riPC 10 brine a court adIoa 10 _rt
<br />die _lIiItuce of . dcf.... or a.y otlter ~ of Bono...er 10 ..,CeIenIlOn ....... If Ihe brenc" io not cured
<br />on or before IIIe dale opedlielI in IIIe notice. LeIIlIer .1 Le........ oplion mny ded..e aD of the ._ _ured by Ibis Deed
<br />01 T_llo he I...........y .. .... payallle ...it...... f1Utller dem.... aIId may bo.oke the po...er of aaIe aIId ..yother rcmedIa
<br />........... by IfflIcaWe law. LeIIlIer...... be elllille4 10 ....tIed aD _1UIIIle c_ .... e.- I'""'""'" Ia ,........ the
<br />....... pro.... ..I............. 11.1ndtoIIlnc..... _ limited 10. ..-.aWe lIII_y', fea.
<br />~~...er of sale Ia ........ TnoIUe ..... ncont a notice of defaull In encIt couaty In wlllc" llIe Property or _
<br />... . Ia loca&elI .... ..... ..... ~ of SlIdl notice In die _r pICIICIiIIM "y ....,IkaIIle law 10 .....ro..er .... to Ihe
<br />........ ..- ,-nlIe4 by ........ law. After lhe .... of """h Ii_ as ....y be ......... by applkaIIle Ia.... ~ ......
<br />..... ,....c ....eke 01 .. 10 lIIe ..... ... In lhe _ner pnscrilled by ....ic8llle law, T....ee. ...itIIoul de.... 0..
<br />.......... ..... aollllle ........, at ,....., _lioIIto die hilllont ...... allhe t1_ .... pIKe .... u.... lbe le~ ......ed
<br />In lIIe MIIce of sale In _ 01' _ pnIftlI .... In IlK" order as T_ mny delennlne. T_ may ...-- aaIe of all
<br />... MY JIDIcel .. lIIe hopedy II, ..... _.te__ 811 llIe "- and pIKe of III)' pnvioMlly acW.... sale. LeIIlIer or
<br />Le.Ier. ...... .., ,.m... die ........y at IIIIY ...
<br />u,.. ...... 01 pay.... of die price IIW, T_ sIIaIl delIvet' 10 the pllm..e< TnIIlee', deed conveyl... the p.......rty
<br />...... n. ~ In lIIe T_'a .... IIIallIle ..... f..,1e nldellce of lhe lnotII of die slsIl_ m" tbenl.. Tnoslee
<br />.... ...., lIIe --.. of lIIe sale In die f......... order: (.) 10 all ..-.aWe c-. aM e.- of lhe ... boc:.......... bul
<br />............ TnItee'a f_..... _..... ,OS'll> of die 1m...... price. ~ 8111_y's f_ and c-. of
<br />... ~ ....... - --- II, !WI DeeoI of TIWII; and (e) die u~ If ..,. '0 die ..... 01' pe_ IeJaIl1 entidetl
<br />......
<br />I'. ---.........,10.......... NOlwithsta'!dina Lender's acceleration of Ihe sums secured by Ihis Deed of Trust,
<br />lInr.-r '!WI have I..., nahl to have any proceedlDls beaun by Lender to enforce this Deed of Trust discontinued at
<br />~y ~- ...- 10 lhe ean'e<to oc<:ur ,of li) lhe fifth day before lhe sale of lhe Propeny pursuant to the power of sale contaIned
<br />lothiaDeiDdofTrUlt ~(")entryof aJudamont enfon:in,lhis Deed of Trust If: (a) Borrower pays Lender aU sums which would
<br />': ~ under thIS Deed of Trust. the NOle and nolCli 5Cl:U""I Future Advances, If .ny, had no acceleratIon occurred:
<br />( ) _.u_ cu_ all breachea of any other covenants or alreements of Borrower contained 10 thIS Deed 01 Trust:
<br />~~~ Pll;ys a~ ~ ............ IncU~n>d by Lender and TnJltcc in enforcllll the covenants and agreements "I
<br />-........ eon,lalned In Ih.. Deed of Trust and In entor,clD, Lender', and Trustee's remedies as ProVIded 10 par8llraph I H
<br />~.lsldosdlt.t. but nutlitNt&d to, r........... attorney, fees;, and (dl Borrower takes such acllon as Lender may rea."nably
<br />........ to - I.... I"" 1_ of IhlS Deed of Truot. tender I Inlerest 10 the Propcny and Borro...er'. obIi,alion 10 pay
<br />
|