|
<br />84 -~•.e t - ti 12 01
<br />9. CoadeweMbo. Tht proceeds of any award or claim (or damages. direct or consequential, in connection with any
<br />condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, arc hereby assigned
<br />and shsH be paid to Lender.
<br />in the cvmt o[ a fatal taking of the Property, the proceeds shall be applied to the sums secured by [his 1]eed of Trust.
<br />with the excess, if any, paid to $orrower. In the event of a patriot taking of the Propcrtc, unless Borrower and Lendtr
<br />otherwise: agree in writing.: there sha}i be app}led m the sums secured by this Dced of Trust such proportion of the- prtxeeds
<br />asis equal to that proportion which the smounf of the sums secured by this Decd of Trust immcdintely gri4r to the date-of-
<br />taking hears to the 1;air market value of the Propeny immediate}y priorie the date of taking, with the 6a{ance of iht:proeerds
<br />paid to Burrower.
<br />1f the Property is abandoned by Hormwer, or it, after rtatir:e 6y Lender to Barrowtr that the condemnor aNets to make
<br />an award or settle a c}arm for damages, Harrower fails to resprsnd ro Lendtr within 36 Bays after the date such natirx- is.
<br />mai#ed, Lender is authorized to collect and apply the proceeds. at Lender's option, either to rtstoratlan or repaii of-the
<br />Property or to the sums secured 6y this S1ced of Trust.
<br />Unless Lender and Horrawtr atherwisa agree in writing, any such application of proceeds to principal shat) not extend
<br />or postpone the due date of the monthly instattments referred to in paragraphs }and 2 hereof or change the. amount of
<br />such insnitmcata_
<br />19. aorrower Not Rrkased. Extension a( the time far payment or madifieation of amartizatian of the. sums secured
<br />by this IJeed of Trust granted by f_endrt to any successor itz snferest a( Borrower shall oat operate ro release, in any manner,
<br />the liability of the onginai Borrower and Burrawtr's successors in interest. Lender xhal{ oat be required eta mmmenec
<br />proceedings agairJSi such successor ar refuse txr extend [ime far payment ar aiherwise modify amarrizntion ai the sums
<br />secured by this Deed of Tout br reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />t i. FarAevanet hY Lender Net a si°airer. Any forbearanet by fender in exercising any right or remedy hereunder, ur
<br />otherwise afforded 6y appbcabfe law, sfiai! not bt a waiver of or preclude the exercise of any such rGhi ar remedy.
<br />Tht pra;urtment at insurance or the paymtnz o£ taxes or other liens or charges by Lender shall not he a waiver of i.cndcr :s
<br />right to acctierate the maturity of the itx#ehirdness secured by this f?ced aF Trust.
<br />li Remedks CusadNtve. .A}} rtmedies prcn•rctcd in this C?ted of '1"rust are disunct and eumuiative to any other right
<br />ar remedy under this Deed of '}'rust ur aiiorded by taw or equity, and shay he: exercised eoncurrentty, independtntty or
<br />successivelyy.
<br />13. Srccmors and A~aa 6orad: Jednt and Scrotal Liability; Captiotu. The covenants and agretmen!s herein
<br />+:onJained shaii bract, and the rights hcretrrxitr shaii more na, the rtspect(vr sarcesxars and assigns of Lendtr and Borrower.
<br />sub!eci to the provisions of paragraph 1? horn,! At! covttusnts and agrtenxents of Borrower shat) be point and several.
<br />}?zt capirons and headings of tht paragraphs of thss Dced of Trust are for convtnitrtce unl}• and art not to he erstd to
<br />interpret ar define the provisraeu hereof.
<br />li, Notira. Except for any natcc ergmred andtr apphrablc !aw to hr given ~n mtutiter manna, fat anv nctttet to
<br />Borrower pmvtdcd fur in thn f3ea1 at Trust shag #ze gn•en by matting such honer by certrEtd mail addressed to i2orrow€r st
<br />the Prapcny Address rrt at srteh other address as Harruwtr Wray descgnate by natter to Lertdrr as provided hrrein, and
<br />ihf any notice to Ltndtr sha#J he given hr cerhfad marl. rttvrn receipt regvcsted, to Lender's address stored herein or to
<br />such rather address as t.tnder may dtxrgrrate by nonce to Harrower as pnrvidtd heron. Any hotter provided far irz t!tts
<br />i3ttd of Trust shah Ee deemed to have bttn gzvrn u? Barrowtr or Lender when given in J}It manner desigaattd hrrein.
<br />IS. L[nifetm hoed of '1"rmY t:errrniatR law; Severafttlily. 1-has form czf deed of trust combines undarm covenants fort
<br />nutionaf use a»d Wan-a»riorm .svtnantx with !imatecJ vanatinns by lurisdi::tlon to eonstiuJte a unzfe?rm security instrnmtnt
<br />eavtring trot property 'lieu Derd at T`nui xF:ail #+r _4ov€rned by the law aS !fro }urvsdrenvn in which the Property is hxaied
<br />in the tv~nt that asy gratixsiare at ciatsat u[ this }hard at Trust or the Na#e rattfleas wlCh sppln:.tkast taw. Butte confiie-t sha}t
<br />oat affect athtr ppmv+sians i'sf tars Dted of '?'rust ax the Hatt which can }x given effect without ±hc canf#ictiag pravasio»,
<br />and to rtes oral the provzsiora of the [Jtcd cat Trust acrd the A'ate are r#tclart<f to bt sevtrah#t.
<br />!6. iarrawer's Capy. Borrower shaii he lvrntstted a confarmtd ropy at the Nate atut of this I7ced of Trust at the tinzt
<br />of txccutian or after rewrdation ttetmf.
<br />l7. TtaraJer of tAt may; Aasasptlaa. 3E aft or any pan of the PraprrJ} ar an interest thereto ss sold or transfcrrcd
<br />by Harrower without Lt»dva poor written cattsrnt, txctxtdrag tat she creauan of a fitn or enettmbrance sttbaidinatt to
<br />ibis Drcd of Trust, f b) tAc erratian of a fxrrchast uraney security interest for hausthvld 3ppphancts, {c } a transfer by devise.
<br />descent or by operation of law vparr the death of a taint tenant vt (d} the gram of any keasehaW inttrrst of three tars or }rss
<br />not c-r+ntalnin an option to purcha~ fcndrr cony, at }-t»dtr s rsptt_`rtt, declare a}1 ihr Bunts secured #ty this Daxd at Trust to bt
<br />immtxtiateiy ~tu and payahte. fender shaii have watvtd srx:te aptron to acct#tratt iL prior to the salt at traruttr, Lender
<br />and stet ptrsoa to wham,the Property is to hr sirlcl c+r :rarnsferrcd reach agreement an writing that the ertdit at such person
<br />is satiafaetotY to Ltndtr attd titer t#x interest payahtt <n tttt sums serureeS by this [)~ci of Toast «haEl br at such tale as
<br />{.ttrdar shalt request. Ef under has waevtei Iht ahttan to actcteratt provtdtd rn this paragraph }?, and if Borrower's succta'sar
<br />in mterdt Aas rsectHtd a written assumption agrccmart aeccpitd iu wrong by Lendtr, t_tnder shaiE repast Barrciw€t tram
<br />a}} obligations utJda thu t}ecrl of Trust avd t#Je Nota_
<br />#f Lttulee cxttriats such option to accticratt. t.ettder steal! r»azJ Barrawtr non€c of accelaranon in actordatacr with
<br />paragrrgph td hereof- Such hotter shat} provide n periaci of rzot test tha» 3tt days tram the dart the notice is matlyd within
<br />wh~h Borrower tray pay cite Bunn doctored due, if Barcawer faits to paY such Boras prior to the expirarian of such Ftricx}.
<br />lserder may, wi#haut further nottcc ar demand an Barrowtr, irrvakc any rtmedies permnttd by paragraph t $ hereof.
<br />Nati-L't+trwut Covt»werts. Borrower arzd t.tndex furf)tcr covenant and egret as foBaws:
<br />18. Ateelrratiaa; Remedies, F.xcepl w prerlded is praRtapit 17 Atxeot, upon Mrrowers brcaci nt aey covenant ur
<br />aRteeaarat of Harrower is iii ihed of T'rsf, iaeladiaR fir roreaaab fe pay wfaea- dre soy sums secured by tfiis i)erd
<br />o(Trrai, leader prior to ax~edrrratiaa sAttM mat artke to Borrower as prewided is para{rttpi li hereof specifying: (t) the
<br />6restrir C21' tie attiiaa rcywed to ewe Batt 6rearlq fJ) • date, wt Ipa alum 38 days [tom the date fhe trotter Is maBed ro
<br />rano.rer. by wttiri strcA ireaci sari }e cared;. aa1 (i) IItN faRare Po cure Bradt trench oa or before tfie date specified
<br />is the woNl't stay reaaN-. in »cetleeariaw at lit suer aeeortd- by ilia lked- of ttttat sad Bak of ttx Pntperty. TAc teWice
<br />sAa4 fAAier iedorm Barrawtr d rAe ridiq b reirtpale attest aceskratiaet trod tAe right to hriaR a court ~~Nan to assert
<br />tic aoa.eelsMace et a detaaM or nay otter defense et iarrwwer to rcceieratiow aai sale. It tAc brtacA is not cured
<br />as oc -ttrue tie date apreiied ie tAr wsOCC, larttder ri txrtder's option amy declue ad d lfie suss srrurrd Ap this Decd
<br />d "1'raw+1 to Ir iotratiWely doe aai pyaiie wit-aW~ tartAer deraaad trod may iaroit the power of sale and any other remedies
<br />pearailted iY appiieaik law. (..coder siaY ire eMitkd to coYat all rtaaowaile toMa anal expeastt i»rurred in pursuing the
<br />restadiea pwcHsd iw tits parut<rapi Iai, iadaditiR, Ant asl Ataiaad ta, retuoaaAle adlwaeY'a tees.
<br />N pIG pwN of sale i irYaiei. Trtrtte a`iall rei'erd # aaliee d detaaB iw tacM eoowty is wiicA the Property or same
<br />paA aMtrco[ is Ip~tafd amd sAYi mail copies of s~urh tmaice iu the maaw prescribed iY ap'IitaNe law to Borrower acrd to tAe
<br />outer tets>ws t~a'ied AY appBeaik law. ARer the taper or sacA rime as may be re~airsd by appiiea6lt law, trertee shalt
<br />' r prAtie aaeice d aair M fie peasaas sad in rfat ararmer prescribed by ttpplkafds law, trtateq wNipat detaaad on
<br />er, sttaY sell lire -r#MtEtAY M~pel4ic trot{isw to the AitRFeat 6iUer ae iir titwe-rsd pLcs and ender-tie recant desittrtated
<br />sa tie notice cal aak,ia eat or aswe ~reeY sad-4 sucA order s trtr&t may dtteratiae. truster maY postpone sale et aB
<br />or aaY /arcri d t4 tioperlY 4y pa~Yt• attaoaaceweai a/ t4 riare sad piACt of asy preriotriy se~ANaird aair. Lendtr or
<br />l:tader: dr++aaua Bar -arthaor:~ rraptrty-at awY sta.
<br />1.'pow rrrript d payarai ad Ma price bit, Trtrreeateati deliver to the partleaxr trrster's dead cowreyieyt the Prrrpeny
<br />srtld. `tAe recitalr iw 4ie TnwetSa decd si> Ye pr3rr titfde eriieace d tAe lradA of IAe tlalewteots malt thereto. "T'rnstee
<br />sra~..ppty tAe pracerds d ~eyale iatAaAitMarevnR order. laI ra atM eesaawaAk touts tats expetlr+rs of IAe uk, iaelociiaR. Ant
<br />a!rt IImWd ta, "trrrree's toss of sal eaott Ntaa 5. f2 "~ of tie !roar ante prier, nrraaaalek attorney's tent and costa of
<br />Nttr rridrwsr: tN N rer:eaar.stceaed AY tAte /l)enl et trratt turd fc) Nee tartar, i[ nay. M tic Ptrsoa w peruows i4CapY tat8lyd
<br />tAaasirt.
<br />f!. ittarrawer's Rtf1iM. in RatiMaalt, tgot++~+thstamfing Lender`s accctctatiun of the runts sC€uts^d by thrs f}ttd of "Man:.
<br />Barr'+wrr s}rNf ha+.r, the rigitJ tp hart anv pracxtCtirap htgun by t.endcr to enforce this t]x:td of 1"ntst tiiseomuuted at
<br />any tithe prn'ix r. the ~.,rirer Jo .cwcsu of fkl tJtt fifth day frcTurc fire sofa-of the Praptrty pvrsvant in the power of salt crantamed
<br />in tttn UcsxJ of T re.,r t,r t.+i corr. tda jtailR'rttttst tnf~tcnxg this #-ttd Cat Trtest tf; fa) Bor'rawtr pays ftndtr a3t Burns which would
<br />rte sMtn iiu c:ndrr :Air lltee,f +~~f '~'rrJ{t, the 1!i,.•xit a»d-EitJtrrt stfvftrtg Put„rt .Advantcs, if axs¢ tend era a~ etrranan +t<x'utred-
<br />tibr Br;xnswtt c~un ;tl1 brt:uhrs is any saEAer iovrns:nts, err ay[rxtrJStttts pf Borrciw¢r i:an€aiatd in ttzts 1~#trd of 'Truce.
<br />Sc:l Ikxra 1 pas, a r.^A4Mia'lte e-ptnstt trN'.uric+l t!Y L.Fnikr and Trtnitr as H.nf€tti Pn~ Pitt cavvnhnis ans# agrt4.Iitx ftts c+t
<br />13aero.~r x,tatru-d ~ +zs Ckod of 'i [u+t ~!vd to acct, re net JsntJtry and 'fr c'. rtsF+ ditx as ttrtrvrdtd :a tinrapr>.tiV+ Itt
<br />t+ttsut, sm t. rbxtg_ E>u! own irns..d te, ; r.rsrx+a}att atl€x rrcr (c .zred id'# tktrrcxwtr t. ic. s+,~i+ ae+uwa a~s Letz~; orate rvssc>nalaty
<br />eryuirr a, avant shit spe .te-r t*C +hts }krd ixt l~.nr~ i renln-v t:,vr<r. st re tL+r Prnt><'+tt- a~,d fft [-ton'er's tzkrhgat+«=fl ti+ 3 aw.
<br />
|