|
84 ___. OOI t~ 0~.;
<br />ny this Deed of Trust immediately pnor to the date of taking bears to the fats market value of the Property immediately pnor to the date of
<br />taking, wnh the balance of the proceeds paid to Borrower.
<br />If the Property is abandonai by Borrower, or if, after notice by Lender to Borrower that the condemnor vfi'ers to make an award or settle a
<br />cia5m for damages, Barrows fails to respond to Lender within 30 days after the date such notice is mailed, Lender is authorized to collect and
<br />apply the prtteeds, at Lends's option, efths [o restoration or repair of [hc Properly or to the sums secured by [h#s Deed of Trust.
<br />Unless Lends and Borrower otherwise agree to writing, any such application of proceeds to principal shall not extend or postpone the due
<br />date of the monthly installments rrfsred xa m paragraphsc !and 2 hereof or change the amount of such installments.
<br />io. Borrower Not L2ekased. Extension of the time for pa}anent or modification of amortization of the sums secured by this Ihed of Trust
<br />granted by Lender to nay successor to mterrst of Borrower shalt act operate to release, in any marmer, the liabilixy of [he original Borrower and
<br />Borrower`s sucttssars to mescal. !.ender shall not be required [o commence prceeedings against such successor or refuse to extend time for
<br />payment or ethswtse modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower
<br />and Borrower"s surxcssars m meant.
<br />1I. Frrrbeanuce by I.eeder Not a waists. Any fortxarance by Lender m exercising any right or remedy hereunder, or otherwise afforded
<br />by appticabJr Eaw, shall not bt a waiver of ar preclude the rxea-tse vf' any such right or remedy. The proctuemen[ of insurance or the payment of
<br />taxes or other liens or charges by Leader shall trot ere a warver of Lender's right to aece!sate the maturity of the indebtedness secured by this
<br />fJeed of Trust.
<br />12. Reasedio Cumulative AD remedies provideti [n this Deed of Trust are disunct and cumulative to any other right or remedy ands this
<br />[Jett! 05 Trust or afforded by !aw or equity, and may br rxerctsed concurrently, independently er successively.
<br />!3. Saceeswtn and Aasigm Boaad: Iola[ noel Sevens L1abdEty; CrpUonr. The cnvenartts and agreemrnts herein contained shall bind, and
<br />a5tc nghts ttcrrundcr shall +nure to, the resptenvr successr±rs and assigns of Lender and Borrower, subject ro tier provisions of pa[agraph 17
<br />hseaf. Atf r;ovraanis and agrermrnn of Borrower shelf be Joint and several. TJtr captions and htadings of the paragraphs of this Deed of Trust
<br />arc far cvnvrnsrtur Holy and are not to hr used to mterprat or defeat the pravtsinns hereof.
<br />IJ, roikr. Except tar any rtoutt rcgmred under applicable law eo Oe gtvrn in another manner, ia) any notice to Borrower provided for in
<br />this i1 cd of Trust shall be gtrcn by mtulxng such nouce by xntfied mail addressed €v Borrower a[ the Property Addressor at such other address
<br />av tbt'rvws may dcsrgnatr by nvucr m lender as pravrded heron, and tbi any naucr ro Leads snail be given by eertiYi~ snail, refura receipt
<br />rrquesttd, to Lender's address stated listen ar to such oohs address as Leader may drsigrtatt by notice to Borrower az provided hsdn. Any
<br />nexocx prv:"+ded tar m thu Eked of Trust shalt be t5retrea# to have bern given tar Borrower or [xnder when givrn in the meaner designated hsein.
<br />15. L•aliarm t?ccd of Trost; (;Dressing Lave; SevenbUity. flits farm of deed of trust combines uniform mvenaats for national use and
<br />non-tmtform covenant<_ wnh ::meted vartattons by #urrs:iiction to canshtutr a unt5<um securxy instrument covering real property. This Deed of
<br />1 rust shall br governed by the Caw of the funsdhnon m which efts Pre?tterty 3s located. In #hc evem that any provision or clause of this Lhved of
<br />7 rust or the tints 4an#lccts wnh at>phcatrk taw, ;ucn ,under: shay! not afitct other pronsons of this tkcd of Trust or rite Nate which can 6e
<br />grvrn tl fta wuhc ut the eonilrcnng trzo.nlsnm, and to ta.s end the pros-aeons ui the lhxd of Trust and the Nate are dec:lartd to bt srverabie.
<br />fk. IiDrraws's Capt. Llocrowrr stroll he !runt.hrd a u+niarmed copy ai the tiafe and of this Deed of Trust at the ume of execution or
<br />ahr= rtccxdatx3n ttrrxv#
<br />!?. 7'nttafs of the PrapMr; Asansapfiaa. if all or any part of the Propcny yr as interest therein is sold cr transfsred by Borrower
<br />k~sthou: 5_endrr's pnor wrutra a:nsent, rxuudang tar tfrt crrattan ;zf a hen car encumbrance subordinate to [his Peed of Trust, (6) the creation of
<br />a pv*, ctzase nxorcy s ~uretY rnferrs! for havschatd apphaners, ts) a trarrsfrr by devise, descent ar by operation of taw upon the death of a joint
<br />!errant .jr till the gram v7 any trasehald inteeest of there years ns less nor ::ontauttng alt option w purchase, Lends may, at Lends's option,
<br />;Jce!are alt the gums servrN ?:y rhea Herd vt crust a; ,"+r. +ntatrdtalcly dtxt and payable. Lettdrr shall have waived such option to accelerate if,
<br />pour so the sale vt transfer. Lendu and tits pcrsau ;a wtt~tar the Prvprtty a to be said or [ranstsred reach agreement In writing that the creditoY
<br />sucn petsou r> satufadorr to L-seater noel that the rnaerest payaiy}e as our nuns aee.^ured by this C;?ecd of Trust shelf be at such rate as Lends shall
<br />segues[. if L.rndcr has warvrd the apt:on to acrrlcratr peavtdrd in this paragraph t;, and it Borrower's successor is intsest has executed a
<br />-.vrrtten as>umprxan aa;rc+mrnr ac~:cptea m wr;ttrsg is±- lender. Lender small release Btsrrnwer {tent aiS obligations tends leas Deed of Trust and
<br />tht Notr.
<br />lS L.endrz rzrrcrus ±u.h space: tc accelerate, !_rndrr shat! matt Borrower rantu vt accelerauan to acearriance with paragraph !4 hsrnf.
<br />Such notisx shaS3 provadr a extend of a<u less [hart ?t3 days [rum the date the ttauce ts:natled wtthln which Borrows rnaY paY [he soots declared
<br />dDe, if Borrower Carts tv pay .uch wms pear to mr rxptratitm of sorb pernxt, Leader may, wahoui Earths notice yr drtttand on Bottowe4
<br />revoke any rentcdtrs peravttrd by paragaaphh tfi httevt.
<br />V(iN-U;SIFt?fiAi 4t)\`F:NAN7S. Barrows and Lender fnrthrr covenant sad agree as follows a ~ *- ~ ~~ ~ ~`
<br />t.,.,,
<br />Eg, Aa~rkraUDa; iteasedke. Except as prav5dsd to pangtt[ph !' hereof, opts tiortewrtitAlNr1(~~;atry saYganf or~agreeseat o1
<br />Rruruvver ie tlda Eked oC Trmt, iaeAsding else eDreMau ru peg when doe aaY cams secnred~by ltibTk"e~'bT'I'rwt, Leads prier to acrxkntlon
<br />sAstl mrU eariee to Bomtwrr rs pwvidrd in paragraph fi iereof sperifgittg: i 1) the brptei; Q) the action rtyaired to care noel beach; (3) ^
<br />dot, not kss then 38 days from the daft uY notice b malted to Borrows, by wbki saeA brr!aeb moat be rwredt sad (t) lhai ftUnn to can ancY
<br />Arswi Do ar 6rfon the date specified ie tbs nodes maY rrmlt h ttacekratiDe of the sum aawted 6Y lW Deed of Trsst asd ale-ot the t'ropsstr.
<br />Tbs satke sYaut fartYee Worm Uwrrriret of tic right to rr3ealate attar aeceferatios and the Agbt to bring a coast action to amen IYe non-
<br />rsttt~nce Dt a detaait or N7 DtAa defeaae o[ Borrower to acceiern[ioa sad sak, i f tAe 6teach b oat cured on ur iiefon the dale aOed/Af8 b Use
<br />txDetrr, F.snder N tender"s Option mar dtrWe sit Df tAe svm aar:rrad by tAb I)rrd of Trost to be ltnaeedfatelY due tad prynbk wilbeai tastier
<br />desaaarf sad maY iavoite the pDwar of sde sad nag other rcaiedkt permiUtd by appiksbk bw. F.eada aAag 6e srUtk+d to collect nit reaoeabk
<br />e[irb sad saPeaus incwrred Is pantafeg tie reaiedles provided to lib partarapb IR, fndudfn{t, bat no[ limited to, reaeoubk attorney's tree.
<br />it tAe purer Df +ak b iavDAsd, '[raster sAaB retwM • tioticr u# defaak la each counts is wAkA tAt property w some pert thereof b iontsd
<br />awl ebag atoll eop}rs Df srxb notttt in ib[ mataer prsv:Abed bg apWteabk Erw tD BixrDwer sad [o the other pmoes prescribed 6Y rppticabk
<br />lrw. Afux tic tapes Df sacA lime p mug be reVnired by applictbk tare. Trnsfee ahaU iqx pobfM ieatkt of ark tD lie prrwua sad in the maser
<br />prwceibrd AY aplilceiidr law. Tnotre, wilbaat deiaand oa Bonawer, shop sell the Property rt pnbik racefoa iD fir higbeat bidder a[ the Ume
<br />as 3 tfittor asd ttrda tAa rrrau designated is fir aottn o! oars to oar ar mere parreia sad is xucA order as Trwtrr ma> de[era[tar. Truster maY
<br />pOagraae yak of aN ar aa) Detect at !At Property b> sweuc aaaaaaceartar rt tM tftne and place of sng previorWy scbedakd eak. tender ar
<br />F.eadrr`e daifgase aaag pwcbnee tier Protirsg at nag srsk.
<br />15poa rsMRt of payaeeal D{ tie pfics Aid. T»tlee .abet dearer to tAe parcbaar Trustee's drrd coavxging the ProprrtY suW. t'bs rritab la
<br />tAe Tesmae"e dead sArY Ar ptlem Irtlr srWenne of lie troth Df tAs vrrsmrats made tAertia. f'niaics sbrB rpWy tAe proceeds Di tAr oak ra Nor
<br />foiiwtip saga: sal t+a aq eriwwatMe estate sad sattaates tit tbs Bale, friciadLq. Aut oar Bmited [D, Travtee's fees Df oat loose than _ _. '. r=u
<br />Df for gwai saM fake; raaacttr#ik iNtornsY'r has sad caste D} Utk evidsare: fbl to ril sums seeared by tits [)red of Tract: and Irl iht esaYar. !f
<br />nay, rxr liar peraoa ar peraotat iegaliY entitled tbererD.
<br />i$. BtKrwvir~r 11;tgAi in ItMral/ate. i'e7+atwrRha~~ndsng f,arrlrr'x accv°ic: atsva ti the a~urns sresoCil by tA~r t?€~xti of 1'nret, $rxtower .rut[) rents
<br />!P.tR Rtrg1n rc. :Root aAg't§t+arb:lifk$r tlsa[in hY f toilet &'e xisfa[tY t7S13 f,x+'EYt cif Trira3 dtsr:annt=P ged dt as • IKne t`t'K1F' i 7 ;ire Cii'htt is iX CUr e!r rte the
<br />>vFih trey fafv}sr ?at rash of tTt t', a`spvat}- tzvtruasat t& [Etc ;sexes 15 ?.a&t ac,metbrai rr th>x .7tr-d .,Y i r - t - i,i ..e.. r.:=i s +nrlagwns nnfostxnK :fly;
<br />':-1 x.•T it»33 t:' lxJ hn'uatx+rar txggn LEtM3c~ ail sx, ns whys. wacxLd Kr *.he~ar ~kr,ce t;r,lcr etas F>e+-sk or t ,-r.,t_ °Pr ~ u -r+a s~~twa sc, urtnN tut+rrz
<br />
|