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84 --~ Q 0 3 t_~ 0 <br />9. CondemaMbo. Tfie proceeds o[ any award ar claim far 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, are hereby assigned <br />and shall tae paid to Lender. <br />In the event of a total taking 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 taking of the Property, unless Borrower and Lender <br />otherwise agree in writing, (here 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 tv [he 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 Burrower. <br />If 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 authorised to collect and apply the proceeds. at Lender's option, either to restoration or repair of the <br />Proprsry ar to flit sums secured lay this Deed of Trost. <br />Unless Lender and Borrower oiherwist agree in writing, any such application of proceeds to principal shalt not extend <br />or postpone the due date of the monthly installments referred to in paragraphs t and Z hereof or change the amount of <br />such instal}menu. <br />lH. Borrower Not Released, Extension of the time fur payment o: modification of amortization of the sums secured <br />by Phis Detd of Trust granted b}' tender to any suocessar in interest of Borrower shall not operate to release, in any manner, <br />the iiabibty of the original Burrower and Horcower i successors in interest. Lender shnB not be required to commence <br />proceedings against such successor ar refuse to extend time foe payment or otherwise modify amortization of the. sums <br />secured by this Deed of Trust by reason of any demnnd made by the anginal Borcower and Borrower`s successors in interest. <br />1I. Forbeantfee by Lender Not a waives Any forbearance by Lender in exercising any right or remedy hereunder,: or <br />otherwise nffortftd by applicable law, shall not bt a waiver of or prertude the exercise of any such right or remedy. <br />The procurement of insurance or the payment of taxes or ether liens ar charges by Lender shall not be a waiver of Lender's <br />right tp aceeietate the maturity of the indebicdness secured by this Deed of Trust. <br />11 Iteafedies Cumfdath~e, Alf remedies pravtdtd m this Deed of Trust are distinct and cumulative to any other right <br />or retnedy under this Ueed of Trust ar afforded by taw ar equhy, and may be exercised concurrently, independently or <br />successively. <br />13. Snccesaors aad alssigns Board; Joint and Several Lfahilly; Capt#orts. The covenants and ag[eements herein <br />comained shall bind, and the ngh4s hereunder shall inure to, the respective sucussors and assigns of Lender snd Borrower, <br />subject to the provisions of paragraph i 7 hereof AU aavenants and agreements of Harrower shall be joint and several. <br />The captions and headings at fhe paragraphs of than IJeed of `t'rust are for convenience onip and are not to tae used to <br />~nzerpret or define the provisions hereof. <br />16. Notice. Except €nr any notice required under applicable law to he given in another manner, (a) any notice m <br />Harrower provided for in this Deed of Trust shall lac given by mailing such notice by certified mail addressed fo Borcower at <br />the Property Address or at such other address as Hormwer may designnte by notice to I_tnder as provided hereto, and <br />! h} anY nonce to Lender shall be given by certified mail, return receipt ret}uested, tv Lender's address stated heroin- or to <br />svcic ether address as Lender may dtsignatc by rfotice to Borrower as provided herein. Any notice provided for in this <br />Decd of Trust shah be deemed to have been given to Harrower or Lendtr when given in the manner dceignated herein. <br />I5. Uttibrm Deed of TrtMt CavernlnA taw; SevenblBly. "fhiz form of deed of trust combines uniform covtnan(s for <br />nataonal use and non-nmform covenants wish limited vanauons by jurisdiction lea constitute n uniform security instrument <br />emrring rcai property. This Dtrd of Trust shall be gavemed by the law of the jurisdietian in which the Property is {nested. <br />to the erem that any provrsian yr clause of flies I?rcai of 17ust ar the Note canf{icts with applicable law. such ean8ict shall <br />root atlas[ other proufsions of ffiis Deed of Trust ar the Noie whaeh can he given ettett without the conflicting provision, <br />and fa this end the provisions at the Deed of `Cruet and the Note arc declared to tae aeverabit. <br />16. Borrower's Copy. Harrower shall he turnrsbed a cantorme[f .apy of the Nate and of this Uted of Trust at the time <br />of exeeauon ar alter rewrdaaoa hereof. <br />t7, Ttatader of the Property; Arsamptba. if all ,ar an}• part cat the Prcaperty or an interest thcrtin is said ur transferred <br />by Burrower witlrout Lendertt prior wruten rnsfstnf, excluding ta) flit creation of a Tien or eneumbranee subordinate to <br />this Deed csf Tntst, tb3 the artatian of a purchase mousy security iotettst for household appplianCCS. (c) s transfer by -devise, <br />dtsceni or by operation of law upon the death of a joint tenant ar td) the grant of any Itasthold interest of three yeses or less <br />scut containing an ap:wn to purchase, i_ender foxy. at Ixnder's option, dtttarc ail the sums secured try this Dted of Trust to bt <br />rrnmrdiately due atttt payable. i.andet shall hove wxty°td such apron ua accelerate if, prior to the salt or transfer, Lendtr <br />atfd the person to wharn the Property *s to br sold ar Cransferred reach sgmemettt in writing that the crodit of such pttxvn <br />u satisfactory in tender nttcl that the interest pa}'able an the sums nrcurtd by this Deed of 'f rust shall be at such rate as <br />tender shag rcgtuit, [f Lender has waived the zafuioo ro act~elerate provided in this paragraph f7, snd if Borrowur`s successor <br />~n mtercxi has exrauted x written assumption sgrttntrnt accepted in w€iting by Lender, Ltndtr shag release Borrower from <br />all obligations under this Ueed of Trust amt t}cr Nate. <br />tf Lender exemiscs such option to accelerate, tender shaiP ;nail Borrower nutlet of af:ctleratian in accordance with <br />paragraph F~# hereof. Such notice shad pnavtdt a ptrrud of oat less than i0 days Pram the date the notict is mailed within <br />which llorrowet may ppaay the sums dertartd due. !f Barnawtr fails to pay such sums prior to the tx.pira#iun of such period. <br />fxndcr may, without tunher notice or demand an Borrower, invoke any- remedies permitted by paragraph Ig hereof. <br />Nnx-ti *+tFVauf Cnveavnx rs. fltarrower and Linder further covenant and agate as follows: <br />t&. AccrkrNtoa; Bemedks. Fxrep[ m provided in parapnph 17 hereof, upon Rarruwer'x bleach of any ravrnant or <br />aRrttment of Borrower in this Ueed of '1'ru44 including flit cvrtoanu to pay whin dui any sums secured by this Detd <br />of TFtrst, Cruder prfur to acctkraiion shall mail nafla^e to Burrower as provided In partq#rapb 14 hereof specifying: f i1 the <br />breach; i'.3 ihr section required to curt such breach; i:)) a data, ntN Itss than 3H days farm the dale the notice H mailed to <br />Borrower, by which such hrrarif must tat .cared; and t4) that failure to curt such bn%4 on nr helore the date specified <br />in tffe notict may result in arrtltratiun of the sums stcurcd by this Deed of 'I'rusf and sale of the Property. 1'fie notice <br />shag further inform Borrower nt the right n> reimtatr afire arrekratirm and flit right to bring a court artiort to assert <br />fhe non-exxsfenct of a defaaH or ayy utiftr defense nt Borruwtr to arcelerotiou and sale. If flit beach is not cured <br />on car before flit dam specified in the modes, Ltndtr of [.rndtr's option may declare aB of the sums secured ley fhis Deed <br />oaf 'E`rfrsf to tat immtdiately due and payabit withaui fnnher dtmar+d and snay invoke the power of Bait and any Wher rtmvvlies <br />txrmfued by appiftaldt law. Ixrader shall ht entitled to collect x11 reasonable rusts and expenses incurred in pursuing ihr <br />rtmellka procidrd in rho paragraph Ig, inrladiaR, but not timittd eu, rctwrnabk attorney's flea. <br />If flit powee of salt is invatetd. TrurYer shalt rtrtard a notice of default in rash county in which the 1'rnptrfy car snort <br />part thereof is hirafed and shall mail copirs of cnr#t nnfirr in the manner presa~rftxd by applicable taw fo Borrower and to the <br />other persrcrs prtscrflstd by applicable law. Af#cr flit iaps~e of such store as may tat rtynired by appikatrle law, 'i'rusttt shall <br />>:ivt politic twtke of salt to fhe prrwas acfd in tot manner prrsrritatd by applicablee law, "frusttt, without dtnaand nn <br />Burrower, slpol sdl the Ptoptrty at pobtie aartiua W ihr hi)lhtsi bidder at the t6cce and place and nndtr the terms dtsigoattd <br />Far flit notice of sale In ant or more parcro oral in sated vrdtr as True#ee Wray dtttrndne. Truscet may postpone salt of all <br />or any parc^tt of lice Prwptrty by pubik anmrunrcnttnt at the lime and piacx of any previously srhtdulyd sale. Lendtr ar <br />i.cruter's dt#iga~ may parchaar the Property of any sale. <br />1,=poN ra^ript aI ~ymw~nt of flit prk~t hid, I'tustet shall deliver to flit purctfaser 'Irftster's field aaufveying the Pnaprrty <br />v+a[d. The; recitals irf tilt Trusttt's field shalt bt prima tacit tvidenrt of the truth of the stalemtnts naadt thtrtin. I'ruaiar <br />sifaii apply tbt prnctcds of flit t~tt fit thv futbwiffR oxdtr; tat ua aB rrasututbk costs and rxptafstis cat the Baia, including, but <br />out tifalftd f:a, Tttits#tt'+ fees oI flat nfut^c than ye of lqr of the rlruss sale price, reasonable attvmey's flea and coals oaf litlt rv-idt~net; <br />fDi en ail sams~tvun•d Ra tJds Ita+cd nf9^rnsl'; atcd lcl the exervs. tf any, to the ptrsucf car perwms tt#lally tndtitri tbtrGo. <br />t4, Braraewrr's Bi[hl fts Ierlaxak, ?votwubstandina2 Lentftr~s acceierattaa a,t Liar soma sc~cural by ttuj Drrd eat lne,r_ <br />&>+rav: err ahaB have ttit right to have any prtxttdinit+,, ta~gun 4+y Lrnrtw tea enforce flits 1}etxi at lrfst drscanua:red at <br />auk ar-a ptuar to flit r,,rl>rr to txcur at i+t 4qe fifth da} t+ufo:a ihr. sale rat flat I'rnptrty pairsuam n+the Mauer of sair~ coman~d <br />eta lisle [~.ed of t r„ar r:: fta) miry oG a jaufganerct tnfraram}, tors Ueed 7t Tttast tf~ (aY Barrcawtr paps l.rnd •~li sum. firth wnu[at <br />tat. thsts dart tara~lCt ~hes IJttd taf 'frost, the Na>ts: and ;at+tex ste;nan}, F-u art :idvancuw, of any. had n. ai.eirr;ati a ~ urrrd; <br />tta# Ilttfrf+a~`r c'teree aft btcacla.~s of any aatitrr tisstnanta sae agret3rtrntz i=) Be'arce+wrr .eaataintd err Chas t}ttd n{ fnsH. <br />ta# Bwxtr tr )ta}a afl rectu,nabk rxpe.os+s vuarrtcl bs f agar anal ir_sttt n -ant a wig t u >v<aanro and agrcrtnem+ of <br />H~.r,A::.a;i' +-cmkatnc:;,t :; flees I7ta..S , . iruk; oust .,; ctafa;i.rr.ip t.;.n;,x., c ?. „s„« y re,.. ± cs _ e~~:tr,i ~n ; aiag;~ph <br />tftxriil.:rtsttsding. hnt,nrn3 irmv#r.i tca+ra~aa,r>taattir aftsat naS-`c )ces, arul f.i) il.:arre'awes rulers sua,h aa.t ~ur:;aa Linder mev _rdv+tv~la <br />amr#a~a,ts eta ara2frt tttrer bias 1~tn at tlox S,br!nd cat; 3'rus;_ Lendtt'n tnrertat €~ :ht F': optrtc anal Barraawrt , ,ibtigsta+:a u= l.:aa <br />