|
~4=-- OQ1451
<br />9. Cotrdemnation. 'the proceeds ,>( any award nr <laam for damages, direct or consequential, in cannection with any
<br />condemnation or other taking of the Pro¢erty, or pan thereof. or far conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Crater.
<br />to the event of a rotas taking of the Property, the proceeds shalt br applied to the sums secured by this Deed of Trust.
<br />with the excess, it any, paid to Borrower In the event oC a partial taking of the Property, unless Bprrower and Lender
<br />otherwise agree in writing, there shall fee applied u, the sums eccured 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 to the date of
<br />taking liars to the fair market value of the Property immediately prior to the date of takiug, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned b}• Borrower, or if, afar notice by Lender to Rarrower that the condemnor offers to make
<br />an award or settle a claim far damages, Borrower tails t<+ respond ro !,ender u~rthin lQ days after the date such notice is
<br />mailed. Lendrr is authorixtd to collect and a¢ply the proceeds. at (.,enders option, tither to restoration or repair of the
<br />Proptrt}` ar to khc sums secured by this Deed of Tntst_
<br />Unless Lender and Burrower oiherwrsr agree m writing, any such applicauon of pracreds to principal shall not extend
<br />or pastprrnt the due date of the monthly mstaliments referred tom ¢aragraphs I and 2 hereof or change the amount of
<br />such instatfinents.
<br />10. Borrower hat Rekaud. Exttnsi,>n of the nmc far papment or modification of amanizatron of the sums secured
<br />6y this Deed of Trust granted by !.ender to an}' sutcesstu rn mterest of Burrower shall not aperate to release, in any manner,
<br />the liability of the original Borrower and Barmwer's successors m rnterest. Lender shall not be required to commence
<br />proceedings against such suctessor or refuse to exierd ume tar payment ar atherxise modify amortization of the sums
<br />secured by this Deed of Truer by reasor. of nnv dernand made h}' the original Borrower xnd P,orrower's successors in interest.
<br />1 i. Forbeanner by I•eerder tior a waiver. Any torbtarance try Ltnder an txercising any right ar remedy hereunder, ar
<br />othtrwise atfarded by a¢plicable law, shall not he a waicrr e>f or preriudr tht extrcise a( any sttth right or remedy.
<br />The procurement at +nsurance or the payment of taxes or other hens or charges by Lender shad not Fee a waiver of Lender's
<br />right to accekratc the maturity of the vutthtedness zecurtd by thu Deed of Trust.
<br />12. RemrQies Comuiafive. A^ remedies prondrd m th+s f?ted of Trust art dtsunci and atmulativt to any other right
<br />or :crnecfy under this L)eed of 'Trust ar of#orded by law or rgwty. and may tee rxtrersed nrncurrrnity, independently or
<br />successively.
<br />13. Surcearars and AssiRas Bnnnd; Joim and Several [:fabitiry; C'aptiarxs. T'he tavenants and agreements herein
<br />contained shall hind, and the :ighis hereunder ehall inure t.+. stir respechvt successors and assig»s of Lendrr and Borrower,
<br />subtru to the provistaru of paragraph t' here<+t tiff covenants and agreements of Borrow=er shall tee joint and several.
<br />The captions and htadinrTs of the ¢aragraphs r>t rhos Deed of Trust are for -,onvrnience only and arc not to tee used to
<br />interpret ar define the pnwastons trertof.
<br />l4. '.lorire. Except Car env nonce rtqutttd under apphcobtc taw to be green rn another manner. tai any notice to
<br />Borcower provided for ut this ih:eil of Trust shalt t,e a[vtn by usartang such norm by cettiRtd mail addressed Ee Borrawer at
<br />trio Pro¢erty Address or at such other address ns Harrower naay desrgnatr by outset to t. ender as provided herein, and
<br />t b) any trcHttt to Leader shag tst green t>y certtfitd mail, return rrcrtpt rrqutsttd, to Lendefs address stated herein or to
<br />sueir ocher address as Ltnder may drsagnatt by ounce ro Borrower as [rrovrdtd herein_ Any nntict provided far in this
<br />Decd of Trust shaft Fee deemrrtf ao have !Teen gavtn to Bore>wer of !.ender when given in the manner dtsigna[ed herein.
<br />F5. IFO#form Deed of Truer; f;overntnR (.aw; Sr•enbility. Thrs form of deed of trust combines uaifarm covenants for
<br />nattanal use and non-umfarm revenants wn~ limned vartauoas by rutisdraun to constitute a uniform securih• instrument
<br />roverint7 rest prupeno This Decd of Trust skald he gc+eernrd trv thr•law ,ar the iunsdreuon rn which the Proptrty is lacated.
<br />In the cvtnt that env provrsaon or ."!suet of trine fh-ed of 1 rust or the A'ote confhits wtth apphcahle law. such conflict shall
<br />oat nttect other provrztans a( rhea tyccd ~+f True or itre Nate whtch cart he green effect wtthnut the conBieting provisian,
<br />and to this end tht ¢rovisions of the Deed of Trust and the !~otc arc dtdar'ed to Per srvorabte.
<br />16. Borrowrr's Copy. Borrower shall he tar nrsixcd a ~crntormed ,. opy „t the Note anti of this Deed of Trust al tht time
<br />of extruuan or afire xtcvniauan tierce!.
<br />17. Ttrrmfer of the Property; Araumplfon. (f af! or xny pact of the Property or an inttrest thceein is sold ar transfcrrtd
<br />by Bofrowr€ wkhoa Leader's prior written corrscnt, cxcluchng fa} the ereataen of a Lien of tneumbrsnce subardinaic to
<br />this Dttd of Trust, stir the cttauon c>f a pu€chast money security uxecrtst far hottstfioid apphanttx, [c} a trartsier by devise,
<br />dtseent or by oprratiatx of taw upon the drarh of a torn( tenana nr {ri ; the grant cot any leasehold interest of three stars or less
<br />oat zontatuing an optian to purchase. 1 saxitr mag_ .tt 1 rnder'e cep{usr,. declare atI Nt tortes see-tired key this Deed of Trust to I+t
<br />mtmtdiatety dot and payah#t, Ltnder sha24 have wsa•+cd such opuart to acctltrafc ii, prior to the sett or irartsftr, (.entire
<br />xnd tttt patsan to whom tht Properly as to fit said or transferred reach agrttmcnt era writing that the crtdit of such presort
<br />is satisfsttary to t.ttxier and (!tat the utiertst ¢-;gable rvn ttrn tools rareured by sties 33zrd of T~ntst shah br ai such rato as
<br />L.tndcr shag rcgerest. tf lender bas warred the e,ptaan ro acceteraer provrdrd in tuts paragraph f 7, and if florrrrwer's sueetssar
<br />rn iarertsi bas extruttd a written assumptian agretrntut acctpted ns wrrung by tender, t.tndtr shalt rescuer Bacrawer from
<br />elf obhgaliam outer this Dttd nt 't'rust and tht Nott.
<br />tf i.ondtr rxercists each optian to accefrrate_ !,ender shah ma;3 Harrower +xxvct of atcxteration in aceardance with
<br />paragraph i+} htrcaf. Sw:h noire shat{ ¢rov,t{t a prrf~rl e# n;x Irss than 90 zfays arum {he ilate the reaGet is maittd-within
<br />whlrh Herrtxwc€ may pap the sty-acs deelatxnf Jur. Sz Bo,esrwet feria t>, pay such snau ¢rior to the expiration of surfi ptriod,
<br />Ltndtr may. without artier tteficr or demand c>n Borrower, rneake ant rcm+siits pernaittrd by paragraph i g htrtaf.
<br />Nan-Ur,•traa at C'oven.rtts. Barrowu and t.rniler further cavtuam and akttt as (allows.
<br />Ig. Accrkwiwn; t'trmcdirs, Except as provided in paragraph 17 hereof, apart Bwwwrr's btettrh of aay rovrnant ur
<br />ugrttmeat of Harrower im fhb Ilktd of T'rwt, iercladttrg [fie covtnants Ht guy when due aqy sums-secured by This Decd
<br />of Trust, fender prior ua acctleration shall ntait notfrt to Borrower as provided in paragraph 14 hereof sprcityhrg; (1) the
<br />irrtacb, (21 the attioa r'eyuired to curt such hreach; i3) x dart. nW less rhea 3Q days from the dale the notice B mailed la
<br />Borrower, by which such beach cotta br eared; aced {4f that failure ro rare tarp breath on or ixfore the date specified
<br />in Ihr rratirr may rrsulf En arceieration of the sums secured by fhb [wed of Trust nod sate of the Property. 'I"be nalicr
<br />+htdi further iafarm 8orrowtr of the rfghi !o reinstalr after arreleratfon sat stir right to bring a court action fn assert
<br />Ihr tam-rxistracr of a default or any ether defenst at Barrowrr to arcgkratina eat sate. iC the breach is nut cured
<br />an or before the date specified is the twtice, Lendrr at Cinder's aptian may declare nil of the sums secured by this ilred
<br />o['frusf to bt immediately tine and paya6lr without furthtr drrnand and may invoke the power of sale aad any other reteredlrs
<br />permit4d by appikaldr taw, Lendrr shalt far rndtltd to coflrrt aft reasanal>>c costs aad exptaces incurred in pursuing the
<br />remrdfrs provided fn fhb ptragraph !M, iachtditgt, trot mN 3imiled ta, reusoitablt atlorney's fees.
<br />Cf the power rd sale is insokrd, Truster shag ruard a Holier of defauU is esrh county in which the Property nr same
<br />putt thereof ix healed aad shalt marl copies of such reuticr in the manner presrrfbed by applkabk law to lforrawer acrd to the
<br />other peewee prtscrihed fry appiicaMe taw. After the lapse of suc4 time as Huy be rcyuirod by applfcaWe law, Truster shrB
<br />give pubmc anike of sale 2p the perswos anti in fbt maptrrr prescribed by applicaltk taw. TrusYrt, without drtruad an
<br />Borrower. shag uB the PropeNy al puWir attriion to the frighest t»ddrr at the trine and place and under the terms designated
<br />is the ntNire at sale is oar or more parcels anti ]n such artier as 'I"roster may drunuiac. T'rustce Huy postpone safe aF all
<br />w aay panel of the Property by pubik annuurerrrtwnt at the time aced place of any prrvfausty uhedukd sate. I,rnder or
<br />f,radr~ s drslt[aee may purtbme tfrr )@'raprrtr at an} ssle.
<br />U)?~ rerripi-of paymrat of Ihr prier bht. '1`enrsirr shall rfetiver to the purchaser Trnrter's dyed enaveyiag the Praperfy
<br />roW, The r+rr'itals to for'CrusierF deed ahaB 6r prhna facie tvidenrr of the troth oP the aatrmcuts made IheraCn. "I'rusirc
<br />siali N,PIY the proceed# of the sate to the [nUowmg order: fal to aft ressonabk costs and rsprnses of the safe. hteWditgp but
<br />eat IistHed fat Ttuatrr•s frrx of not trwre ihao_ 2 .ie_ .. _ `~r of the grnsc sale prirte, rrawaabfr ailornrv's fees aad e•usts of
<br />title~rridrucef fbt fu all. Burns artured-try fhb Iktd ref Trtui; and Crt the exc•ex, 2f any, to the prrsotr w petsures ltgrNy entitled
<br />tltareCu,
<br />C9, Borrowtr'a Sight to fihriastatt, ?Satvtthstandittg Lt»dt€', as ertcrauott ut t,r soma szeurrd by this Drtef of Ttus6
<br />&rxrnwrr sfiati hail [,?~- itght to haves env ¢r.>ttesdings htgun bti Ltnder ro enterer stirs Deed of lnr t het:.>nuttued at
<br />any fiittt pricer is the terrier to twrttr cif Ht the fifth aay txzfort ttte sale of the lara¢trty pueauarrt to stir perw.~r cat suit tc>niarnrd
<br />rn t#tfs E'?tttf oPtrust ur ticttxttry ref a yardgrutat enYrrrring this t7tcd of Trust tE lei Bx>xrtaw=tr ¢aya Lrndes ,ofR earth whreh would
<br />!ar tfia*a !{st€ utn3w' (lets I7rei7 cif "trust. the Nero anet tu3tts srrrxxtnrg f~iitutr Adc antti s. tf stn. bast nn acctltrahan utctu reel:
<br />flat &artowtx c--arts atf brteoctrt-s~ :'t arty t°t?str tx>vrtraBi& err aEgratsmsnts xxf Harrower x:vut€ainrif :aa thee Eksri s,f trust.
<br />try Bntna3vtt (~u}'t ill. re;t~~retotatr r ~aet snsxrtred Ire f.tttder atxd l-rtrstxr m cniorantg the --•vtnant. and a,gterorstrrts „t
<br />[iortow~r c'taxtaititd sax chi; E'JetrC t lust and trx rntcorcing f~rndtr~s xnd Trust4e's rrnrtdtws a., eras cfrd xn parrbra;>h ttt
<br />4rrtrtal'z irq;lut2ieYg, leas spat( titn+t+*d tu, reuse-nahiz attrxrnry`v iris, and €<{t Bfurawtt takes such acre+n as k ruder ones rea.,;nab)p
<br />rC°-s~rtirr fn assure that ffst tits( ref tFris t7ttcf of Trust. Le-!~srtri o €nttrc^»t ;t± pht Prs?t~rty and Ilcrrrr.«rr `.+ r=Zr#rgaeu;n t,> pas
<br />
|