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84 --. 00179© <br />_r <br />9. Cewdemwalbw. The procceds of any award or claim fur damages, direct or consequentiah in connection with any <br />condemnation or other taking of the Property, or pert thereof, or for conveyance in lieu of condemnation, are hereby assigned <br />and shall be paid to Roder. <br />to the event of a total taking of the Property, the procceds shall be applied to the sums secured by this Deed of Trust. <br />with the excess, if any, paid to Borrower. In the evrnt of a partial taking of the Property, unless Borrower and Lender <br />otherwise agtce in writing, there shell be applied to the sums secured by this Deed of Trutt such proportion of the proceeds <br />as is equal to that proporton which the amount of the sums secured by this Deed of Trust immediately prior to the date of <br />ukiwg bears to the fair markN vdue of the Property 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 it aher notice by Lender to Borrower that the condemnor otters to make <br />an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after [he date sorb notice is <br />matted, Lender is atdhorired to collect and apply the proceeds, at Lender's option, either to reatontion or tapir ~ the <br />Property or to the sums secured by this Deed of Trust. <br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall not extend <br />or postpone the due date cf the monthly installmems referred to in paragraphs I and 2 hereof or Charge the amount of <br />such mskftmenk. <br />Id. harrower Not Rekasei. Extension of the time for payment or modiftcation of amortiralion of the sums ucutad <br />by this Deed of Tnsst granted by Lender ro any successor in interest of Borrower shall not operate to release, fn any manner, <br />the liability of the original Borrower and Borrower's successors in interest. Linder shall not be required to commend <br />proceedings against xuch successor or refuse to extend time for payment or otherwise modify amotrttzation of the scans <br />secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's atrccessors in interest. <br />t I. ~Fotieaewwt: by Lewder NW a W Wes Any forbearance by Lender in exercising any right a remedy hercu~er, or <br />otherwise afforded by applicable law, shall not Ire a waiver of or preclude the exercise of any such right or remedy. <br />The procumment of inunntt or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's <br />right to acttlerate the maturity of the indebtedness secured by this Deed of Trust. <br />ti Rewledles Cawillve. All remedies provided in this Deed of Trust arc distinct and cumulative to any other right <br />or remedy under this Deed of Trust or afforded by law or equity, and may be exercised concttrrendy, independendy or <br />succeativd yy~~ <br />13. 3wceerors awd Astigr Booed; Jaiwl std Saved LiabllMy; Capdows. The covenants and agreentenn herein <br />contained shall bind, and the rights hereunder shall inure tn, the respective successors and assigns of Linder and Borrower, <br />subject to the provision of paragraph l7 hereof All covenants and agreements of Borrower shall be joint and several. <br />The option and headings of the Inragraphs of this [Xed of Trust are for convenience only and arc not to be twat to <br />interpret or define the provision hereof. <br />14. Nolke. Except for any notice rcgwrcd under appphcable law to he given in another muaer, (a) uy notice to <br />Borrower provided for m this Deed of Trust shall Lre given try mailing such notice by certified mdl addreaxd to Borrower at <br />the Property Address or at such other address as Borrower may designate by notitx to Lender n provided heroin, and <br />tb) any notice to Under shall be given by certited mail, return raeipt requested, to Lender's address stated herein or [o <br />such other address u [.ender may designate by r[otice to Borrower as provided herein. Any notice provided for in this <br />Deed of Trust shall tx deemed to have lien given to Borrower or Lender when given in the marrer designated herein. <br />Ifs. Uniform Deed d TeRSh Geverwiag l.ww; SrrembbUy. This form of decd of trust combines uniform covenants for <br />national use amt non-uniform covenants wish limned variations by Jurisdiction to constitute a uniform security inWment <br />covering real propcny. Thrs Deed of Trust shall tx governed by the law of the turisdiction in which the Property is located. <br />In the event that any provisron or claux of this IXed of Trust or the Nute conflicts with applicable law, such conflict shall <br />not affect other previsions of this Deed of Trust or the Note which can he given effect without the conflicting provision, <br />and to this end the prmisara of the Deed of Trust and the Note arc declaraf to tae severable. <br />t~. Borrower's CaPy. eartower shag be furnished a conformed copy of the Note and of this Deed of Trust at the time <br />of execution or after raeordatior 6ereot. <br />l7, Teusfer o1 the Pra~eAy; AmwmptYu. If all or any part of the Prupeny or an interest therein is sold Or transferred <br />by Borrower without headers error wnttcn consent. excluding (a) the creation of a lien or encumbrance subordinate to <br />this Deal of Truest. (b) the cratioa of a purchase money security interest for household cep iatues, Ic) a transfer by devise, <br />dossxwt or by operation of law upon the death of a µnnt tenant or t d) the grant of any lea Id interest of three years or hues <br />not rnntairting an op)on topu n: au, lender may, at I endcr's option, declare ail the sums secured by thh Dad of Trust to 6e <br />immediately due and psyatde. lender shall have waived such option to accelerate if, prior to the sale or tranfer, Leader <br />and the person ro whom the Property is to be sold or transferred mach agreement in writine tMt the credit of such person <br />ra satisfactory to Lender cent this the interest payable on the sums securest by this Deed of Trust shall be at such rate as <br />Lender shall request. If Lender has waived the optron to accckraee provided in this paragraph 17, and if Borrowerh succeawr <br />?n inkrest has executed a written assumption agrcement accepted ?n writing by Lender, Lender shall release Borrower from <br />all obliguions under this Ueed of Truer cent the Nae. <br />If Lender exercises such option to asxelerate, lender shall mail Borrower notice of accekntion in accordantt with <br />paragraph 14 htreot. Such notice shall provide a pcra>,t of nut less than lU days from the date the nodsx is mailed wiMfn <br />which Borrower may pay the sums da:larai due. If Burrower fails to pay such sums prior no the expiation of such period. <br />Lender may, without further nohsx or demand on Borrower, invoke any remedies permitted by paragraph I8 hercoh <br />NON-UNIFORM C:OYF.NANTa Burrower aril Lender further covenant and agree as follows: <br />Ig. Acceleratiow; Rewredkx. F.acePt sR Provi/d iw gwragrwpb 17 bersof, upu Bwnowtu's bsoacb of uy rnventawt or <br />agrrerwrwl of Harrower fw Ibis Devd of T'rYN, iRClodieg Ibe rorewowk to py whew dYe uy sYlws secured by Ibk[ Deed <br />of Tercel, Lewder prior le ascekratiou shad rwoY notice to Borrower m Provided iw PmalrMY I4 hereof sPrcYyiwg: (Il Ibe <br />Meacb: 12) Ilse acdau regYited to con such breech; iJl w desk, wol kale Ihan JO days ftYm the dMe Ik rwMke is wrabed to <br />btwrower, 61 wbkb sacb 4tacY mow 6e cured: ud li- IbN faBYre to care arch breach u or before ilk dNe sPeciBed <br />iw Ibr wutke Roy rrtt[d1 is accitkraliow of rbs wwa secured by Mss Decd of Trot od sale d 111e PropeAy. The Welke <br />shRY lurther idorm Borrower srf the right to reiusialr afkr aceekraliew and 1-e right to bring a cuA acfioe to aakA <br />the uoutxiskwtt of • defuh a awy sdhrr defewse ref borrower to arcekralbw awd sale. If for bretrcA La not cYred <br />a or bdore 14 rLte specibrd iw the wotke, lewder of leader's optiu may declare all ref the sums xcured by Ibis Deed <br />d Taal to b< iautaediately due ud pyaMe without fRAher demowd awd nay iRVnbe the Power of sale aed awy alber rcwtsdks <br />PersttNled 6y aPPlica6lr Mw. Lewder sbrdl M rwlilled le snikcl aB rcasowabk cads apd exPewses incumd iR paauiwg Ibe <br />rerwedies Provided tw lhtr PwrYgraPb IB, MclydYStt, hw rid lirailed lu, remorlabk allorwey's fees. <br />N dre Power of sale it iuvaktd. Trustee shah «cord a nWice of ddadt in eacA coYwty iw whkb the Property or some <br />pct Ihereaf m tocakd wad shah saws coPka of such rwtice iw Ibe manner prescribed by aPPBcaMe low Io Mrrower awd to Ibe <br />rNber Perseus prescribed-y aPPlkaYe IRw. After the lapse of such lime as may bt required by applicable law, Truster sbdl <br />^ive PubW uolice of sale b the Prrsaws uwd iR the maRMr prescribed by RpPlicwbk kw. TrYSlee, wiilwul demud oR <br />Borrower, slash seb /bt PropeAy N Pu61ic aucfioa to the Aigbest bidder at the lime and plxe awd under the terms designated <br />i• for Radce of r;ale M our er more Pmee4 awd iw cucb order as Trostee may dekrwtiwe. TrYssce may poslPrsae sale of all <br />a uy pared a/ 14 Property by PYblic awweRwceelem a1 rbe tiwse awd place of uy prcvioYSty scheduled stk. Lewder or <br />t.ew4r's desiper Ms' Pterchme the Property M uy ask. <br />Uppapou reociPt d grrmeal of Iles prier bid, Truster sbaB ddisrr to the purchaser '1'rwter's deed aowaeyirlg the 1'nglerlr <br />sold. 7'br rnitals i• the Trustce's dyed sbrB be prism focir erideace oI the truth r>< ttw satemrals nude Illavio. frvslsr. <br />shay apply the Proceeds of the sale h Ibe [aBuwieg tarter: tat to aY rraemabk cuxty and expertvrs of flee sole. irrcludiwg, but <br />nW grwMd w, Trwlet'x fens of ruN mare Ibaw rY of 1~ of the grins. auk prise, reaswur6lr attorwey'c Eras and avers d tick evidrncr: <br />tb) In err stlatt secured by IYs Deed d Truxt: aced tc) 14 exsrss, if erns, lu for person ur pri+ru[s kgatly entitled thereto. <br />Ifl. borrowed Right ro Reimla/e. Nutty nhxtandmg lender's accrirratnm of the toms secured by chi, Decd ++( Tn,.c. <br />Bcvruwcr shat) have the right to have any pxuceedmgs begun by 1 ender ~+? enf.+rce ihrs Decd of '1'nist ducnntmurJ at <br />any tone prior !o the earlier to occur of (ci the fifth clay before the sale c>f the Property pursuant )<? the power ,tf sale contained <br />m this Decd a+l Tors) ur bU entry of a judgmera enforcing thrc fked of Truss d (af Borrawrr pays t ender oil sons which uouid <br />!x then due umkr this [?red of Trust. tiro Notr and no trs securing Fwurc Adean.:es, .f an), hail nn aecrlrratiesn +H;~urtrd <br />,hF Borrower cures ail breaches of any other cr±venants ur agreement. rat Bunow~ri contarncil .n thi+ 1?ec+t +,t Tru+t <br />Ic) Borrower hays ail reausttakHe rsprnsre arcur red by tender and Tnistrc in rn(rwemg the con enanmt and iigrremrnt> .+f <br />8sxrowst ewers+nod in rhss Decd cif Tnuf and m enfonirtg Inndcr's and lruster's remcdu-e n. pros~atrd m paragraph Vx <br />txrrp?f, rtrriudirgt, btA erect hmrted ue, reASSSr>alrk »ttnr nev's fc-es. aJ iJi tfarnewrr iakr~s +uch senora as I ender .may i+~as<+nahl+ <br />re-ynrrte fr asarrae riuu ihr iron c+t then [lend ~+t trout I ruder'. late rest ~n the i'roprn} .~rst~! Bun ruer~r nhi~gau,•n t,~ ~ + <br />