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QQ'J'~ -- 001566
<br />9. Ctttttktetaalloa. The proceeds of any award or claim for damages. direct or conxquential, in connection with any
<br />condemnation or outer taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall tie paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by [his Deed of Trust,
<br />with the excess, if any, paid to Borrower. In the event of a panial taking of the Property, unless Borrower and Lenikr
<br />otherwise agrtx in writing, there shall be applied to the sums secured by this Deed of Trust such proportion of the proceeds
<br />as is egwl to that proportion which the amount of the sums secured by this Deed of Trust immediately prior to the date of
<br />faking bears to the fair market value of the Propeny immediately prior to the date of taking, with the balance of the proceeds
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor otters to make
<br />an award or settle a claim for damages. Borrower fails to rt~pnnd to [.ender within 30 days after the date such notice is
<br />mailed. Lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of the
<br />Property or to the: sums secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agrce in wasting, any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly mstalfinents referred to in paragraphs I and 2 herewf or change the amount of
<br />SJCh instaltments.
<br />18. Borrower Not Rekred. Extension M the time for payment or modification of amortization of the sums secured
<br />by this Deed of Torsi gcanttxt by Lender to any successor m interest of Borrower shall not operate to release, in any mmner,
<br />the liability of rhr original Borrower and Borrower's sucxssors m interest. Lender shall not tae required to commence
<br />proa:eedinga against such successor or refuse to extend nine for payment or otherwise modify amortization of the sums
<br />secured by this [Xed of Trust by reason of am demand made by the nngirtal Borrower and Borrower's successors in interest.
<br />11. Forherance by Letlder Not a Waiver. Any forbearance by Lender in exercising any right or remedy hercuttder, or
<br />otherwise afforded by applicable law, shall not tse a waiver of or procfude the exercise of any such ri~Ftt or remedy.
<br />Lhe procurement of insuranct or the payment of taxes ar other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the mdetaednesa secured by this Deed of Trust.
<br />12. Rcatedies Ca>•rdaHve. Ail remedies provided m this Ih`ed of Tnrst are disunct and cumulative to any sober right
<br />au remedy under this Deed of Trtut or afforded Irv law or eyurty, and may be exercisal concurrently, independently or
<br />successively.
<br />13. Sacexstsers and Asigm Boned; Joint sad Several I.iabRRy; Captioar. The covenants and agreements heroin
<br />:ontmned shall head. and the rights hereunder zhall mute [o. Lire respecnvr successors and assigns of Lender and Borrower,
<br />subject to the provisions of paragraph t % hereof .ill covenants and agreements of liorrow•er shall be joint and several.
<br />1Te captions and headings of the paragraphs ut Chas Deed of Trust are for convenience only and are not to be used to
<br />mmrprct or define the provisions hereof
<br />18. Naukr. Except for any nonce requued under apphcablc law a, he given m another manner. fa) any notice ro
<br />Norrower provided for m this Deed of Trust shaft be gtvea by marling such nauice by certified mail addressed to Borrower at
<br />the Property .4ddresa or at such other address a Borrower rosy dtargnate by ntnice to Lender as provided herein, and
<br />t h i any noaee to Lender shall Fx given by certa`ted mail, return rucerpt reyursted, m Lender's address stated herein or to
<br />such other addrets as Lender rosy designate by noure to Borrower as provided hereto. Any notice provided for in this
<br />I kcal of 'T'rust shaft he deemed to have hten given to Borrower or f ruder when given ua the manner designated herein.
<br />1S. Uttiferra Ueed n( Trrtst: Gorerniag I aw; tierenbility. T-has h,rm of deed of trust combines uniform covenants for
<br />aauonai use and non~omform covenants wash hooted variations hr Junsdreuon to censtitum a uniform security instrument
<br />covenng real propcrq Thos Lkcd ut Trust shall ht governed by the law rat [tae Jurisdiction m which the Property is located.
<br />In the event that any pr ovnron or clause of rhrs Utrd +.J !rust nr rhr hole conflicts with applicable law, such conflict shall
<br />assn atiect other provisions of rhos Decd of torsi er the Note which was t,e green effect without the conflicting provision.
<br />and to this end the provtsanns of flit Died e+f Trust and the Nate air declared to tae severable.
<br />16, Borrower's Cory. Borrower shaft be fur nishcd a ::onfcrmed .opp of the Note and of this Deed of Trust at the time
<br />of execuuon ar after recordation hercol.
<br />11. TrttrAa of the Progeny; AaaawrlMa. if all at any- part of tha Prupc-rty cr an interest therein rs sold or Iransferrrd
<br />by Borrower without Lenaler s prior written Consent. eaciudtog i a) rase creaton of a lien or encumbrance subordinate to
<br />rhss Detd of Trust, th) the creation of a purchax money srcuruy ^eternst for household spphanees, (cf a trans[er by devise.
<br />descent nr by operation of law upon the death of a Jo~m trnam nr t d 1 the grans of ary leasehold interest of three years or less
<br />nc t containing an optwn u+ purchase, t ender may, at E enders opt a*n. Geclarc all the sums secured by this tied of Trust to tae
<br />immediately due and payable. tender sha0 have ..awed such option to accelerate if. prmr to the sale or transfer, Linder
<br />,end the person to whom the Properly is to br sold ar tr:msfcrrua) reach agreement in writing that the credit of such person
<br />rs satrsfacwry fo 1-ender and that the tnterust pnyaiate exit the soma secured by rhrs Deed at 7~rust shall be at such rate as
<br />Lender shat! rcytiest- if lender fens warvtd the option tar aca:rlrrate provided in th;s paragraph l7, and if Borrower's successor
<br />.n interest has txectrted a wruten assumptwn agreement a«cpted are wnnng by Ixnder, I.tnder shall release Borrower from
<br />all ohligaeons under rhrs Deem of Trust and the Nnte.
<br />If [xnder exercises each opuon t,~ sccele rrtr. tender ,haft mad borrower nohcr of accrierauon m accordance with
<br />paragraph IS herea:t. Such notice shall provide a prnaxi of nut less than ~D days from the date the notice rs mated within
<br />which Borrower may iaa} the sums declared ilue It Borrower fads to pay ,uch sums poor to the expiration of such period.
<br />t ender rosy, washout tunher nonce ar demand on Borrow-rr, invoke any remedies pr:rmuted by paragraph I S hereof.
<br />NaaN-l!nu~oatw i'ovesretr is &trnawrr and Lender further covenant and agree as tollows~
<br />Itl. ArcekrNga: Renredke, F=scepl as prorided in paragrarh 11 hereof, upon Borrower's breach of any covenant or
<br />agreeruem of borrower in [has Iked of frnsL iocluditrg the cotenants w pay when due any sutra secured by this Deed
<br />of Trutt, 1 ettakr prior to accekntiun shall mad notice fo Burrower a! prorided in paragraph 14 hereof specifying: (11 the
<br />brercA: 1.) the rattan required to curt wrh berarh: iJ1 a dale, nut lest than d0 drys from the Jale Ihr rmlire i+ mated to
<br />Borrower, by which tw-fi brcatch mw br cured; end IJf that failure io core such breach on or before the dale specified
<br />to the notice may rewlt in rcnenliun ul the wine secured M Chu Deed art 'T'rust and sak of the Property. The nMice
<br />that) further fo(orm Borrower of the right to rtinstWr allot arcrlention attd the right to bring •a cuaA action to aseeA
<br />rase roan-rais/eace o(a default nr any Whet defettsr of Borrower to aeeekralion and salt. If Ihr brewh is not cured
<br />nn or before the date .ytciNed in the notice. Lender al Ixnder't option mar declare all of the sums secureA by this Deed
<br />of Trent to lie irnawdtately due and payable wkboai further demand anal may in+oke Ihr powrr of safe and any adher remedies
<br />pendtkd by arplieabk law. Lender shall be rWitled to aolkrt aH reauaoable costs and expenses incurred in pursuing tlir
<br />remedies rrorided Ia Ihb paragraph Itl, iMiuditrg, hw nit limited to, rrawnabie attorney's fees.
<br />If the power ad sak b iarorYed. Trmtet shall record a nolirt of default in each euuaty in whkh the Prirpertr or sonar
<br />part thereof n located sad shall mail codes of Bach mrtice in fhr manner prru•ribed br applicable law to Borrower and la the
<br />MMsr penwm prescribed 6t appbcabie -aw. :-fter Inc lapsr of wch tfnrr as may Ire rryuired by applicable law, Tnrclre shall
<br />gite perlydie aoticr ar( sale to the preswrs and io the manner prescribed Ay applicable law. Truske, without AemanA on
<br />Btwtower, s-aB x8 the Property ai pirblir aactwa to flit Aighrsl bidder al Inc Time and place and under the teen.. designateA
<br />is the ttobce of sYe V sae ax more parreb awl in such wake as Trustee may Artermine. Trusee may postpoue sale of all
<br />ar say parcel of the Properly by poeWic arrununcerriew ai the time and place d any previuusty scbedukd salt. I.enokr or
<br />lxudei s dr'ai[aee say parrMre lase Property at alp sale.
<br />repose rrs<ipt of payment oaf the prr~ bid, Trustee Jrrll tlelirer w the purchaser Irustet's davd amsry fug the 1'ivaprriy
<br />veld. The recitals in the Tinder's drat sbaB Ire prints facie rridrmr of the axnh of the ttatrttrrnts oriole tbrrrin. Truster
<br />sbaY apply for pruceerdss od llw udr N the fagawirrg order: rat w all rrrsianable roofs and rapenses of tlw satlr, including, nut
<br />sat fireiltd w, 1"rrsrler's fees arf raw oaax than st trf H(r of the groat sale prior, reasuaable wl+rrrwy'e tins seat amts of tltle rs fdrncr:
<br />ibr iv aH sWga recw'ud bt this Used of Trost; wtd tc r the cxa~ss. U any , w the prrem ur prr+a.m.+ IrgaiN rmitleJ thereto.
<br />19. Btlrrawef'r Right ter RblNfNa. Nu{wsrhstandmg 1_tndcr s aaa rlrt aii:.n ,d ehe suite, secured Ps Ihr. Ih~d ~~I t u~-r
<br />Horrctwur n#tafl have the nghi tee have any- prcaceahogs txegun by I ender n, rase„rcc thew lxril a,t 1-uv d~u ono nerd xr
<br />may nine praxis txa rhr earlrtr to occur of 41 the fifth day t+efure the ,ale ,.; the Prot>rna pursuant to ihr Iw>wcr .~J tale annJa:ne of
<br />;ar tint Deed of Trust a=t U+) entry-of a lodgment enforcing !hen I~rd of trust d far Bort nwar pays i rn.,h•t all arm, who h w-,aid
<br />t>& thtm #ie antler than DecJ of lroxt, tau !Sole and nt.tes ,ra+uang bonier Ad,anee, .f .rot had no at ar tr rabnn ,s.vrrrJ.
<br />+E=t Hnrrc+was curry all hxuachaw of any other covenants o agrcean•nta „I Ft„r nawci .+>ntamrd m the Ikcd .,r i~a~,i
<br />rs-a ~rrerwer pay's all rca~nadtaft ex~ttsrs irx urred by 1 rnx#r and 7r.asrer ,: rntunrnY flit as u`nnnn sad agrrrmrn?. „
<br />liurrsywtt contare xsD rn rraas I]cr4 a*t Trust and rn e•nlor~>ng f r•ndcrx .end ir,;>tr<:-, ren+.rdr.. a> pr:,>r,irtd ~n par ag,r aT'h i~
<br />txasuL enc+^udang. talu nest limited ia. rea~~r.,reatirr attcxmv': fsr+ aaa±+dt flr+r r,+wrr take, . n:h a. rvr,n a. t cooler rr;as r, .. ,rah:>
<br />regrsart iv asnarr [hat flu; fzua a,f this Ck+e-d a,f l7v,L I er+rlet • mtcrr+.r .r rhr @*rryx-sv> and Rorr.~w rr a .,i,hgur n:n !, ,
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