|
~~ i C.r
<br />9. Condemnation. The I?raeecri, of an} .tr+ard or , farm fta- damst;c,. d+rs:ci ar cnnsequcnuai, ut cnnncctirnt with anv
<br />condemnation or ether taking of iha Properly, nr }tart thereof or for conveyance u1 lieu of condemnation, are hereby assigned
<br />and shall be paid to Leader.
<br />In the event of a iota! taking of the Property, du prrx:ecds shaft Ire applied to the scans secured by this [aced of Trust.
<br />with the excess, if any, paid to Borrower. Lt the event of a partial caking of the Prapeay, unless Borrower and Lender
<br />ntherwisa agree in writing, there shaft be applied to the roans secured h}' this peed of Trust such proportion of the proceeds
<br />;rs is equal to drat praportian which the amount ctt the sutrts Secured try this Daad of Trust immediately prior to the dart of
<br />taking bears to the fair market +'elue of the Property immed€a[ety prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If rho Property is abandoned by Borro~ser, or if, after notice by Lender to Borrower that the condemnor offers to make
<br />an award tsr settle a eiaim for damages. Borrower Faits tct restland to Lerdv'r wnhin 30 days after the dace such notice is
<br />mailed. Lender is authorized to caileei and apply the pray-eels, at Lender's spoon, enher to -restoration or repair of the
<br />Property ar to the rams secured by this V}eed of 'T'rust.
<br />Unless tender and Borrower othenvtse agree in wrumg_ any such appticauan of proceeds to principal sh:dl oat extend
<br />or postpone the due daze of the manthty ulstatlntems refarrcd to in paragraphs t :md Z hereof or change the amount -of
<br />such installments.
<br />10. Borrnwer Rat Released. Exterstnn of the uma far payment or mudiflcarien of amortization of the snms secured
<br />b}' this Laced of 'Lrcxst granted by t ender ur autp successor ;n nnerest tit Borrower shall not operate to release, in anv manner,
<br />the Lability of the anginal Barrowrr sod Boercnva:'s successors in. murrst. Lender shah rtat Ere required -ta commence
<br />proceedings against such sucesssar ar refuse to extend tune tin' payment nr otherwise modify arnortizatinn n{ the sums
<br />.ecured by this peed of Tntst by reas:rn of an~r drmand made fsy~ the nrsginat Borrrnver and Borrawar successors in irtteresf
<br />i t. Forbearance 6t' f xnder Rnt a YYaiver. Ana te~rbearatrce by Lendar in ezereising any tight ar remedy horatsniler,~ or
<br />at hetwise afLaided txv appticabic law, chart not be r waiver of ar pecaludc !fie cxercix: of any such sight ar remedy.
<br />i`he procurement of insurance ur the pacrnrnt c>t razes or other hens or charges by t..crnier shalt nett 11e a waiver of Lender's
<br />right to arxe[erata tlla rrtamnty ut the ~stdeh€ednecs ,cured by the pat~3 of Trust.
<br />12. Remedies C.mxutatire. .-~tl rcmcciees prnv~,!ed na this Deed or 'frost era disunct and cutmdatiwe to any other- right
<br />or remedy under arts Thad of Trtu[ e. afforded by I~u• c+r equuy. and may tx exercisers concurrentty, independen[ty ar
<br />saecessively_
<br />l3. Sucrtsxnn acid Assigns Bound; Joint and Srvaraf Liability; Captions. ~f'Itc ;:avenan[s and agrcemanis herein
<br />eanutined shaft bind, acrd itta rights hcrersndrt sba71 inarr to, +he respcrtira sucec±sors and assigns of tender and Banawer.
<br />subject to t11a provissans of paragraph t7 hare:>t Atl eavcnams a;aei agreements .±f Bestrew°er shall he join[ and sevarsl.
<br />Fbe captions and bcadtngs of the ptrragraphi ,+t €htn !)ee-ct tai t-rust are for ennvenienre unip and :ue not to tx used to
<br />,nterpret nr dafina the provisions heraat.
<br />t-0. t.Votic~. Fxcrpt Cor any natt.e ;~qu:,ed under apphsabte Ia u- r:, to p;n°cn cn mother manner. ta) any notice to
<br />Borrower pravtded Tor m thin peed of Tnrst chair l+e u+ven n}` n;aaFiag +uraa .antics bg cert Lrtad mail addrassect to Borrower at
<br />the Praperry Addrasi or :.' such arbor ;r.i.!ress .as Borrct+ver urar ,3es~grate by notate to Lender ss pravidad heroin, and
<br />ibt any nozrce to t.eader xha8 t~ gcvan hr <ernhuY3 etas, return rccetpr re4uce¢ed, to Landar's address stated herein or to
<br />Ouch [+ttler address as Lendar msy dasrg.tr:a;e hr- nctttce t<= 6ctn>,ccr as prcntdcd hereto Any notice provided fry in this
<br />feed of Tnrat shall t+e dramcd to have t~.co g;vera m Lhs+'r c,w-cr .,r t crdcr when krven an thr manner designated herein.
<br />t5. uniform [)eed of Trost; f;n>:rtnixtg Iowa Sec rrabBff}_ tn,~ is+rm .~f deed of trust rambines uniform cavanan[s far
<br />nattr?oat rtxc sad Wen-eniiorm atveaarm,- a-,¢h !urn ~i e.rt,,,a:a=r„ t,; _;, nsd+acc.rt a, eansrrtutc a undonn security insnument
<br />tnvermg real pna~rn. rhts F)c~i of -Lnsst sh.~s, rev- ~3,vcrned s+? she Lcu at chn yur,eateur?n ^a :vhirh the Property ie tuaatad.
<br />In the eveai that ant prorsuan or riuuse of tha~, 7 teed ,=7 7 rt.~,t or aixc N,n;:.c>nihct, wnh opt?l+cahte caw, such cc'ruBiet shall
<br />net onset other prav€~ons ut rhos t)et~i .rt l,u; ,~r ttsc leer ah+,h _ar: !, citen effect wnhnut the c+~n(ficting provision.
<br />and to this end the t'rror'ts:o[u ,+. .:• Ftecei .. ~s±c \;rte sec <.ccir reel ? ~ he u-aatitttic.
<br />16, borrower's Cop}-, lk>rEOwcr ++tall tic !~~::,s~i,zd a :,?ni<u,nU=ai .,+py .,t tt:.~ tirttx anG at situ per:d .3( Trust-at the time
<br />of cxeeutian nr af¢cr recordat¢on hereof
<br />t7. Transfer of thr Property: Axomptian, i¢ a<tt .,r sn, p;ut of !tic Pfopt:Yt =er ;,n interest therera is sold oe-±ransfcrred
<br />by Barmwer w}[hoot Ls-elder's prof u~:,teen dcrn,eat. c>chtd,ayt t.; f Ufa r:reairorx of ._ tiro e:r enu~ttalhranca subordinate-te
<br />this lased of Trust, t!r) the crrcxtxan at a parrahave .:cane} 'i.3•srtry° tnteY2it trzr h<=usehotd sppiiances, ic1 :1 reansfrr=-bye devise.
<br />descent or by aperatiazn of caw wp.~n Wr death art :, ~ ram [cream ,zr.
<br />- t-vndrz may t I ends r pir ~,n- ,let ..tc at3 the runts se~•ured b}' Chts Lhed af. TYUSt:ta be
<br />immediately duo and payable Lenoe shad ha ,err;; ,~eh ,.ptic+n r sa,^v4erarte +f. prior tea the ssdc ar transfer. f.endet
<br />:red the persoxt €a wttatrt the Prc:parv ss €e, i?e- d - a:: [ - s =.:a. a ~agrrsemcr t tit writirlg Ihaz the credit of such person
<br />s ws6sfacfaw t<r s.~xlde- .tw that ahg nua.rst prs.r-sie en t s -. unsx >~~,n cd 5= th s f)cer3 at Trust shark be at sects rate as
<br />t.eadrr shasi request. It Ceeder!zas asatvrd the ,,;ctrl=r, tc, „~ccf, r.ttr prexr.ded m this rtaragraph k 7, end it 'Borrower's suer:rssor
<br />in tntarrst has r.xacuted :e wrnren ^nsnnatrt,on agrezmrtu ac~~pted ra ai nrmb hr t ctr eter. Lender shat! release Barzowar from
<br />aU oh[igatrom €tildar tFas L2~~,+f eri 'it se - 2-z ,~ a; . ~ a •r-,.~ ~, iota
<br />Ii f_enrkr s-sareisas su<.h r.pnrn t ~k-cak.. ef,. tender h saaari iic,rrcaa~cr nose ref-~areeit:ratiou itt acrdsoCa w14h
<br />F'aaPh lA hamti. ~a it atricce xhar p a of a ~- s# s t _ - '^~t ". d;r}s Rata-the ss:ue rhens++ce xs maid wnhin
<br />wttictt Barrz+wer nxay prry t4c sums dct:a~~o sue t+. B.,er€ c;<, t-,,ts t. ~ ,t> .uci1 .;netts prior t.t the atipirat~„n op Strct7 period,
<br />Lender stay, without further notrca r=r drmand ~,n F3ors.r;o~rt- ~~+s _. r:+e ,t;rs re;z,edtas pcrnutSa hY paragraph t H herCOf,
<br />Vert-1; 4traaat i. srvr;ww~'rs. Basrawar .and t tatter cart bar t„w^aan[ :end agrac as follows: -
<br />l8. Acrekrstiurra Remadir±« Fxe^ept as provided ire paeagraph i7 trrreof, upon Bartuwrr's broach of anY cavenmior+.
<br />agrecmear of lorrower to fhb thad of Trust, ineludi~ ihr. c;rrenants n1 prey when doe any ruins secured by this Aeed'<
<br />r+f Trt~1, Leader prior to ure~eierafitm sha0 marl ttorice to Borrnwrr as provided in paragrapiy lS baraoE specifyitrg: {lp tbe,
<br />breach, t21 chn actfoa required to cure srrcb brrarlr; tat a datr, not tu`9a than 3t7 days from the daft the notice fs tnaiteil la
<br />BrNrosver, by which sorb brrucp must im cured; and tAi [hat €ailurr trx Burr ucb brraah on ar ltcfore the-date-specified--
<br />in the ttutice may rrsutt in accrleratian uC the sums vararrd by this C)eed of 'Trust and sate of the Properly, The naliec~
<br />sYal1; Forther inform ~rrrawer rrf thr right to reinstmr afar acceleration and the right (o bring a court action to assert
<br />tAt rruo~exFateace of a default or say atbrr dafeose of Burrower to acr~ricration anJ safe. if the breach is nuf cured
<br />at#or before lire Mile specified in rite notice, tender at f.elyder`s apfian n1a} dettare aB of the sums secured by This befvf
<br />of Ttaa# to he imau'diatel} due sari payable a itboat fortber demand and may invoke Itxe poe=er of sale and any other rcmediea
<br />Psrt,til#rd Lt' applicable taw• Lendar shalt !-re rn¢z#fa~d ur eetiart sit roesann6ie c+zsts and ~vpantes incurred in pursuing the
<br />traaedies,pprxided in this paraRryph 1S, snriuditgt, hot not tirnited ia, raasonabfe attorney's tees
<br />Ef fba power of sate h Involved, Trustee stroll reeeud n Warier of default in each toasty in which the Property or some
<br />ptvt thatcatf fs located and shalt mail copies o#' +ucb nu8ee in for meaner prcsrribrd by appficnbla law to Borrower acrd to the
<br />ndNer tu-raarui Pressdbed by apPiirablc taw. ~.fter the iap_e of such Nme a3 mag txe required b) uppiicntda tavY, Trustee shag
<br />gorse Pafrbc aotiee of saR to the prcwns and fn the manrcer presrribad by appficaMa law, ~Trrxstee. without demand oa
<br />Saatsv.er, shab,aeN the~Fropertr at pantie aoc#irm to the higMbrat bidder at else time and place nt€d corder the terms designated
<br />is roc E;wiiNte of aair.ta atre or more porters axxt Fu such order as Truster matt' derrrmine. 7'rusice nta,Y postpone race of all
<br />or say ppcet of the Propary by public aaaouncemenl ar trio time and place of any precious!}° crhrduled sate_ Corder or
<br />f..ewdtit AeatRrree ma}• pmcirasa t~ Proper#y ai any rata.
<br />f:Pptnr meipt of prlrtnea; of the price bfd, 'Trustee studs tkiirer to #he -pnrclrasrr Trostee`s deed eoareying the Properly
<br />srr W, 'fAe recital in rlrc'Ttrefee',v ditt$ stwN 6e prfnta I~cia et^idrut'e of [hC truth of the xtatetttEgfs miwfo fitereia, 1'tnctee
<br />siraY apply the [rroereds of the sakYo the P p~ xvrder: (a) to alt. rrasanuWe assts and esperurex of-the sak, fneludirrg, but
<br />ry+# Ihriild tu, Trwtce's fns of sot more than-~~" ~ i3~ 1 ~ of the groar-safe price, rcasona6la.attortrty's fras~awd roata of
<br />the to aB sulrts secured bS #his l)aed of'Tflrst; and (et lira esctvtsr if any, to tbepersoa or pe#xa#as legafiy entftkd.
<br />l9. Mrrrowrr's Rick( to Reirr.5ttrle. RnrwitFtst;drl¢#rrag Leactar~s eece#er:d»ut ,af the rant}v ser~urad by than pacd c?f `L'rtts4
<br />Be+rrowrr +ha4; hoar the rig,4t ¢o base vny prrcoedingg tte~*rux r:y Lander €u en(ce~e [his laced ref Trust diskattuntted at
<br />any tetra p,:.c: the r.,rt r r sxr.•rnEtii ttrc t}fth day i~rc-rre this. sah>e of the Pr~u.rty putsa:rru r~ t}ru~ psrwcr s,i watrc:-xntained
<br />m the fh'r4 c•{ ?ns, c•r h.,? ens rY i,f a jvrd;tittrnt eoatrr~tittg this lk"eYt red-TrtaSt if- {a} Bear rr,>wet I+ava t..cttder ail sruri4 wh€tth wrxttd
<br />lx then .3..c , ~. s,r Irv, A... ~{ ;nc~st_ the hate azt+! ne>ics serarr'srsg, 6'rnurc .atdvan,es. cf sup Psd n:± as:zterasrcn r+cctorrsL
<br />,t e
<br />tot H.,ar,,.., _ i t .. •-t any uYlxtr -,~=,rraset,. ~rt a~raeme,zts .~ t#arrawzr c.u?€aattrd ,n rifts 1):~d „t -Cr'ttsz~
<br />4tr fl e.. r- + r-- s. 'c csses. ?sc-x i?xsam2i :n~ 3 n Err an,t T - _?ax tr _• r - [,'g `!'a - _ a J - ..:,c...r :.t
<br />'€ r =r ,:m,t to ~. 1 t , , -. ; c r .,-..i ~ -crsrl, f ttx secs ;xv t€arste 1rv-Ju: {x ~. t d a prira},r-p t1 dM
<br />'~, rr, +.~..t,,, : e I+cf4 ra," t ~ v,aa. +;dtk [ .c„'tt f vx, _ osf #ati tJ:=rri~act t•ahcr ss; i, a, tr ~ ~. trracfr.t .oar rc avc ably
<br />_ ~ ~ ~ friar t+r .. - ai :..-. f.1~,.te-,# a,"s ! t r=<,. 1 t•,€~s&.a -, ,,,ur;= t .., _:_~ 'tr ,g~,tar' rnr,,in F~?nrr~,~e r . <=-lcgaarc*s, [n p;rv
<br />
|