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<br />84 --- 001570 <br />9. 1'ondemnatirm. The proceeds ..t .<ny ,,ward rn .}arm !sr damage,. direct nr cnnseyuential. m connection with any <br />arndemnanon ar other taking of the Pro}xny, ar pan thereof, nr (ar conveyance in lieu of condemnatir.), are hereby assigned <br />amt shall he paid w Lender. <br />In the event of a total taking of the Property, !hr proceeds shall be applied to the Burns secured by this Deed of Ttvs4 <br />with the excess, rf any, paid m Borrower. In the event of a partial taking of the Property, unless Borrower ettd~ bender <br />otherwise agree m writing, there shall tee applied u~ the sums secured by this Deed of Trust such proportion of ltte proceeds <br />.rs is equal to that proprrtion which the amount of the sums secured by =his Deed of Trust intmediateiy prior to the date oG <br />taking bears to the fair market caltte of the Property Immediately pear to the date of taking, with the balance of the proceeds <br />paid fo Borrower. <br />If the Property is ahandartcd by Flarruwer, nr if. after notice by fender to Borrower that fhr mntkmttor oftart M true= <br />an award ur settle a claim for damages, Horrc+wer faits ai respond to Lender within 30 days after the date suck ttOlica i3- <br />mailed. Lender is authurned to collect and apply the proceeds, at Lender's option, either to restoration or repair of i6e <br />Property ar to the ,ums secured by this Deed of Tnrst- <br />Unless tender and Borrower othtrwrse agree in writing, any such application of proceeds to prinCipaT shilfna-etctettd <br />or postpone [fie due date ut the monthly rnstallments referred ro in paragraphs I and 2 hereof or change the atttbuat of <br />such installrrtents. <br />le. Barrowsr Nnr Rrkased. Extenvon of the umc roe payment or rnadificmion of amonfiation of the stems secured <br />hy~ thrs Deed of Trost granted by 1 ender to :+m wecrssur m interest of Borrower shall not operate to release, in any tnannu: <br />the iiabihty of the origtnal Bnnower and Borr:twefs successors in interest. fender shall rtoi 6e requited ha aommence <br />proceedings ;xgamst such successor or refuse ro extend umc for payment ur otherwise mortify amottization of the sums <br />.ecured hs this Dyed of Trust by reason nt any demand mode by the original Borrower and Borrower's successors in interest. <br />f 1. ~Forbrarance Ay Lender Nut a Waiver. :\n}• forbearance by Lender en exercising any right or remedy hereunrJer,-or <br />otherwise atTorded by applicable law, shall not he a waiver of or preclude the esetcise u( any Beech right or remedy. <br />the procurement of msuranee ar the payment of razes or other }lens ar charges by 1 ender shall not be a waiver of Lender's <br />n ght to accelerate the matunq• of the rndrtrtedness *r<ared he !his th+ui of Trust. <br />12. Rrmedirv fumulativr. .411 rcmcdats pn„rded .n this Deed of Trust are disuna and cumulative to any other right <br />or remedy under then Dced of Trust ar ;,[forded bs law or equity. and may i+e rserclsed concurrently, independently or <br />strecessro~ely <br />IJ. Successors cad Assgtns Bound; Jnim and Several LfaWlih; ('options. The wvenants and agreetnenfs herein <br />contained shall hind, and the nghts hereunder ,hail enure r.~, the restx+ctlve sateccssurs and assigns of Lender and Borrower. <br />subtrCt to the pravistons of paragraph !? tecrrot AIt coccaarus anal agreements of Borrower shall he joint and several. <br />the capuons and headings of [he paragraph, nt !hn Uucil ,~} I rust are for amnvemence only and are not to be used to <br />rmerpret or define the ptttvrsrorts hereof <br />ld. Nntfce. S`zcept for any nouce rcyr;r.cd ~:uder appbcahte ;.rw hr rte gncn m another manner, tai any notice to <br />Borrower pnwrdx'd for rte tha Lkcd of T uus sha}l he ¢:vcn M ^rnLng such nouce by certified mail addressed to Harrower at <br />the Pn+perty _Address o~ at such other .address ,rs Horr.,wrr mac devgnarr by nouce to f :;nder as provided herein, and <br />ibr anv nouce !o Lender shah !>e given t,s .trnhed mart, return rrcerpt rcuursted, to 1_rnder's address stated herein or to <br />such other address as lender news desrgna!e by nouce n: Bnrmurr :n pmmrded herein ."\ny notice prnznded fur in This <br />Decd of Trust shai) t+c deetrrd !,, 4ase i~een gtvev !~• &vrnwer rnr 1 ender ,abca given m the manner dcslgnated herein. <br />IS. 1'niform Iked of Trwt; (:overmrtg 1 uw: tirmrrability. I tu, Inrrn r:r .Iced ~~I nu,t combine, unJonn covenants far <br />national nsc and nun-unrf arm , u:ants :anh '~amn( ~. iau,nrs h, ~ umd r.non r.. aun±h hoc a rein fo«n seCau!Iy` uutrUmrnl <br />cmereng real prapen+ Thn !)red of Trent :h,~~~ ,.c ea:,ri ned hs !6c Lrw .d nc~ a u.dia!ian i^ which the Property rs located <br />In the event that am peas rv, ar :~r :. i:ua,c r•f :f ~, !teed .~: 1 nxsr or ,hr ~•.i, ,,,reel r, :, uuh .rpphcuble low- such conflict shall <br />not adect other t+rom nuns :~, >hn ttcca ~,t f ~u•a -.. !s '~,nr ah„h .. en ellect w>thr+ut the s.~ntlrcung pn+vixran- <br />and mthis end the pros nu,ro ,:< ;:,c I ti rd ... 1 nr.t~ , _,~ 1.rn~ r ~.. ,: !., 7,a~ acvrrablc_ <br />aJ . <br />l6. Borrower's Copy. Berrowrr .haH he i.:: oohed a ,ua!ar m.d , .~pr , ~ ±hc f's olc end „! thts DecJ of Trust at the lima <br />of rzeeuuun or after ter vdauarx he reset <br />I7. Tra~tec of the Pnrperty; Assarttptitwt. !: ail .., .:m ,^.ar ,q u,, ?rr r,.: t~, .•r ,rn interest thrum rs sold or rransferrrJ <br />by BOr!L+Wrr witttc ut lx nc;rr's prvar wn«en .,aisenl ,,.ludnip ~„ .c.,!+ou ,+I .r t:en or rncmtthrance xthardinate to <br />this Derd of Trust, r h1 !tee crcauur, ni a ~ tt rch.nc nrc•oc, sn inn} ,ntc rc,! L•r h+nx:,chuld npphaucrs, is ; a transfer by dcvree, <br />descent ur by aperauara .,t i,vw upon ;etc drasfl „f ., - uv t -cam . <br />I ender nras- ~,t t tinier. ,r}+±;on. drrlarr .,li the Turns secured b+ thn Derd al Trust to be <br />rmmtdtately due and f>esab!r t cndrr bah h.a,c ~. r, e=.1 .r =•pt„~n !:. acaderate rL pnm to rhr sale nr transfer, Lender <br />and the person co wham the Pr,+prns s ,,: hr ,.rid .Lr r.::nter. tai •c,,, i+ a;trrenxn! rn wnhng that the creilrt a! such person <br />rs sausfaGOrr t,+ t ender .,nd that ;he rnrrrest p ,,,. .a .:r !nc .; r . .,., ;h» Used of T«nr .hail hr at such rate as <br />!.ender shah reyuast !E t ender t:as war. r.i ;he o, tr.~rn .. •_-rhv ,a,~ ;~ ,, .. ed ,n rht. ,., ragraph k X, uxl d Harntwrr's successor <br />:n interest has rzecutrat a ux:rtrn assunrp=:,rn ~.groe~nr,r: a..~,rptrd ,~ ,.r-!u,g r•s } ender, f ender vhall [rielasr Harrower Irom <br />ell atvixgatrcrn umlrr fhr, Drcd ari Crust .r r,s': the \,.!r <br />It Leader cserases ,uch opuoa t,^ .rc,ckr :n- 1 ender .•,. _ ~. ,, It..t rat ascrlrrauon an accordanw wnh <br />paragraph 13 hereof Suctt uott<e ,hall pin, a pc -.=d r , _., iha~, ''+~l ,la,. Irrnm fhr date the nouce s marled wrthin <br />whn:h $orrower may pu} fhr wins deaarra due l± Fi.,, r.,u e+~i ~•.- . ~, .r,.h .unn pr„ar to the e±puau,+n ,rf such period, <br />Lrndcr may, unborn }urtlxr nouce ,.r clrmand ,•n N,r: r<•u rr _...- ..,,, .n~cd~i• }>,crouued I:y paragraph 13 hereof. <br />Nor+~L: +,traae,r l avt wzn r, 13,>u„w er .+nd 1 ender !dr[her ,...,.;.rnr and eRrec+ as Inllous <br />IY. Acrekralion; Rentrdiev- i'srrpt as pnrv idrd in paragraph 17 hereof. upon Rorruwrts breach of any covenwnl or <br />a{settwent ut Mrrrower m this Deed of Trent, including the na+rnants to pay when due any swnv secured by this Iked <br />of Trta4 Lewder prior to accekratam shalt mail nouce ar Ba newer as pnnidrd in paragraph Id hereof mpecifyittg: IU the <br />bteacb: f211he acliow required to curr ouch breach; tat a dua•, not Ivss than 3f1 days from the date the notice iv mailed to <br />Mrrewer, by whkh Both breach must !tr oared: ared 141 Ueat failure to cure such hrrarh cm or txforr the dote specified <br />iw flee tsotke may result 6t acarkration ut Nee win. secured by this Drert of Iruat and Bak of the Properly. 'fhr notice <br />v-all fwrt-er iaform Bartow er of fhr right w reinstate after aacelermiua and the right to bring a court union to wvsrrt <br />flee wow-rtigewet of a default or arts other defenar of Burrower to accrlrration and sale. If fhr breach is not cured <br />ow ar before the dare specified in the nowcr, !cndrr at I ender', option may drelerr all of the sums mra~red by this lked <br />d Trust to be immediate{y due and payaWr without turthrr dratand and may msukr the power of wle ana any other remedies <br />ptttttillyd by applkabk taw. Lender shat) Ice enlitlyd to nrllrrt aR rrau,uablr ousts and eaprnsrs incurred in puouing the <br />reeelies provitkd in this paragraph Ig, including, trot not IimitrJ to, rrasunabte auornry's fees. <br />If the power of Bak H inmuked, Truster shah record a notice ut drfuW: in each wwtH in which fhr I'mpeny or some <br />peer! NtrRUf is foraltd and shall mail copies of such nmice in the manner pie,. rihrJ by applicable fuw to Rorruwer and to the <br />filter prusuwtt prescribed by applicably law. ~ttrr the lapse of such time as may hr rcyuireJ hm applirakdr Inw, TruNer shall <br />{ire prtMir wwtict tti sale to the prrsrxts and in the manner prevcntreJ by applicaWr law. lmstee, without drmoud nn <br />Borrower, v6td1 seR the Property at puWfc •ruaiun [u fhr higfrra bfdArr ut fhr ante and place mtd uaJer fhr terms draignatrd <br />iw flee twrtkt of Bak iw erne or more parce6 anti iu such order as 1 nntrr ma? drtennine. Truster may pustpuur Bak of aft <br />ar •y parcel of t4 Pntperty by puMk anwouocerwrwt :u fhr time and place of any prrviuusly scheduled sale. Lender or <br />l.ert!/v's tfnyptr [stay pwrcftrr the Prv<pttty al auy sak~ <br />U receipt of paytweM of fhe price bid. t'rusYee shall deliver to fhr purrhasrr Trtrrtrr i deed conveying fhr Properly <br />soli. i1t terllals iw tier Trvslxb deed sMtB fx prima fsrk rvidtncr of the truth of the statemrnis merle therein. Trtuuer <br />t~aB tepee Ntt proceeds u/ flee sate is tbt teNowi order: (ai to all reasunaMe crbJS cad rspenses of the Bak, itteWdieg, twt <br />ttrM IitltYad [lam Trostre's tuts of taut owe thew ~ l~ U f 1 rx of the gross sale price. reawnatrk attorney's fees need c<ra4 of <br />tl11R as'Ms~ee; f!I w i tawu secwett by ebb I'4td of Trrtst: turd Icl the excess, d any, fu the prrwn ur persons IegaNy enlNled <br />1[tania, <br />1~. Bnreowtr's BigAt to Ihrinstale. 'tic,*tu .!hatandrn2 t avtdrr s :a;clr r,+ua as ,~1 fhr <!•nu ,v,urcd tas :hr, Dreal of 1 nisi. <br />Barraxwrt dmafi fiav~ few right to hu.r any ,x...ree:hrtgz E.rgu,x ny 1 rater n~ colorer tyt i, [_)c ed ,d f r,,,r ~i,saonnnucd aI <br />any Ir+ne prxxt to the aur}tcr to ay.w of nt tt. Ftth tar hu.t orx sh: , tz f the f r f ny } rr t ~ =rt r he } w r r sale mama ned <br />xa Cliis Lleani ta£ Ttcrst ar tut rnUy of a }ndgarrnt u,t,nnng rhr< 1)rrd r-f i ras! of , Hnr-, wee f - , 1 unSs r a :.ums whrah u.uJai <br />tfE than c[xa: o,tttjr{ Nsas 13r~3 wt l;trmt. tf+e ttioic" ant rani e, , r r~rg P.,; uxr idcane c. , r _ -mJ r~,..r clrrarum •tisan ed. <br />th! 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