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r <br />$~ ~~ ooisss <br />by this Dcxxl of Trust immediately prior to [he date of taking bears to the fair market value of the Property immediately prior to the bate of <br />taking, with the bafamx of the proceeds paid to Borrowtt. <br />1 f the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to nmke an award or settle a <br />claim for damages. Borrower fails to respond to Lender within 30 days after the date such notitx is tnaikd, Linder is authprized to collect and <br />apply the proceeds. at Lender's option, either to reatontion or repair of the Property tx to the sums soured by this Deadof'[rust. <br />Unless Linder and Borrower othttwix agree in wntitrg, aey such application of proceeds to principal shag rtOt extend or postpone the clue <br />date of the monthly installments referred to in paragraphs t and 2 hereof or change the amount of such installments. <br />Ig. Sar-awer Not leekaael. E.xtenaion of the Utne for paytttent or modification of anwrGzition of thtatttu aetvred by this-Dead 6f 7'rtut <br />granted by lertdtt to any succesxor in intttes[ of Borcowtt shall not operate to release, is eery [nalttter, the liability of the ari{ioai$t)Cf6wsYt[OIt- <br />Borrower's successors in interest. Lender shall not be required to commence Drocadings against such sttcanor or refWe:tU exnutdtb6e fo"r,~' <br />payment or otherwix modify amortization of rite seems secured by this Deed of Trust by reason of any demand made by the oel~i-9orYawa <br />and Borrower's srraessors in interest. <br />11. Faebeanaa M letrreer NM a Wahv. Any forbeararta 6t' Lender m exacfsittg any right or remedy hereunder, or otheswLe afferdld` <br />by applicable law, shah na be a waiver of or prelude the exercix of any such right or remedy. The proatrement of ineurartoe tie the-pnytntinc_Of <br />taxes or otter liens or .-ttarges by Lender shat) not be a waiver of Lender's right to amlerate the rttaturity of the indebtednesaamQed by ttif<- <br />Ikod of Trust. <br />12. Reardia CnnakWe. All remedies provided in this Deed of Trust are distinct sad crrmtdative to arty other rigMtor remedy under this- <br />Oeed of Trust or afforded by law or equity, acrd may fx exercised <roncurcently, independently or successively. <br />fJ. Saeaxrmors era/ AWps BowN; Joint aM 5rrrral LfablWy; Captfou. The rnvenanu and sgraemems herein twntaiad eha6 bind: aod~ <br />the rights hereundtt shalt more [o, the respective succrasurs and assiges of Lender and Borrower, subject to the Drovisiooaof paMRaplt l7 <br />hereof. All covenants and agreements of Borrower shall be joint and several. The captions and headiaEs of the paragsaphs of this Dead of Tart <br />aze for rnmemence cmty and are not to be resod [a iatttpret or define the provisions htteof. <br />11. Nedra. Except for any notice required under applicabk law to be given in another trumu, (a) any notice to Bdrower provtdad'far In~ <br />this Deed of Truce shall be given by matting such notice by certified matt addressed to Borrower at the Property Addreae or at such Other a[MMu <br />as Bormwtt may designee by nonce ro Lendtt as provided herein, and Ib) any notice to Lender ahaB lie given by certified mail, return redeipt <br />requested, to Lender's address stated herein or to such othtt address as Lendtt rttaY designate by netts to Borrower as provided herein, Aa7 <br />notice provided for rn [His flied of Trust shall be deemed to have been given to Borrower or Lender when given itt the rnanwer dtwigoatad begin. <br />1S. Uafform Del of Tret: Goveefiq IJw; SneralieYU• This loon of deed of trust combines uniform covenants far national rue sad <br />non-uniform mvenaats with limned variations by )unsdicuon to cunsutute a uniform security itutrument covering cast property. Thu Dead of <br />Trust shall br go-+erned by the law of the junsdtetion m which the Propttry i, located. In the event that anY D~aion or claux of this D[ed of <br />Trust ur the Note confiicu wash applicable law, such <ontlitt shall not affect other provisions of this Deed of Trust Or the Note which caw be <br />given rf fret wuhom the cunflit:nng provtstoo, and to this end the provisions of the Died of Trust and the Note arc declared to be sererabk. <br />16. BorrowH's Copy. Burrower shall be furnuhrd a conformed copy of the Note and of this Deed of Trust a[ [Ire lime of exrxution or <br />after recordanon hereof. <br />I7. Tnaater of tae 1'rrpaty; Auaaquw. If all or any part of the Property err an interest therein 1s sold or transferced 6t' BOrtowCf <br />washout Lender's poor wntten conscm, excluding ter) the creation of a lien or encumbrance subordinate to this Deed of Trust, (b) the creation of <br />a purchase money security rnterest far household appbances, Ic) a ueufer by devix, descent or by opttstion of taw upon the death of a joint <br />[errant or id) nc~ grant of any leasehaid interest rat there years or les> not containing an option to purchax, LCruler may. at L,ettder'a option, <br />declare all the sums secured t+y then Ihrd of Trust to Fe rmmediate)y due and payable. Lendtt shall have waived such option to accelerate if, <br />prraz to the sale or tzattster, lender and the person to whom file Roperty r> to be said ur trartsferred rash agreement in writing that the credit of <br />wch person is sausfattan to Lender artd that the interest payable on the wins >ecured try this Deed of Trust shall be at sued rate as Londe[ shall <br />request. If Lender has watved [he option to acceieratr providtst in then paragraph 17, and if Borrower's successor in inlttat has exeeuled i <br />wntten assumpton xgrermm~t accepted in wrung by i ender. Lender shah releast Borrower from all abhgetions under this Died of Trust and <br />tHr Nate. <br />It Larder rxrrcises such upuan is uarirrate, [ ender ,halt mad Bortawer nou<e of acceleration rn au:ordance with paragraph 14 hereof. <br />Such oat g sh:Jl provrdr a perrcxl of nut Irs> then ip days t rem the date the nonce rs marled within which Borrower may pay [he sums declared <br />due. It Borrower fazLs w pay wch cone poor to the cxptrauun of such peacx7. Lrndrr rosy, without further noucr or demand on Borrower, <br />mvake any remedtes ixrmittrd by paragraph t g herIXSt. <br />NUN-UNIFUItM CUVENANTti. Borrower and Lender Further envenom and agar as follows: <br />lg. Accekradoa; Naasedks. F.aeept as prorirkd in prragrapb I7 Hereof, upon Bonowtt's Oracb at say covsaaat or ytaateal of <br />Borrower la tW Dted of Trost, iadwdiag t-e ceveau4 to pay whew doe ray soma riecwred by tbk Dead d Tend, ladar ptlwr M-aeplertlloa <br />sba6 ratil wolke to Barrows n pwrlded b paragraph U Yaraat spedtyiag: i U the breach: 12) the actloa -rgw4ed to core wch breach: (3) • <br />date, aW leas Ibaa Jo days from Ibe dale of entice k raaikd to Borrower. by whkh swcb brgc6 meat be coved: sad (q tbN faBwn to care arcY <br />breach a a baton the dale aPedtkd k tie wotla auY resale is rtccderatloa of lbe saran srcrnd -Y tbk Ihed of Trttrt awl role of Ibe Property. <br />The notice shall farther iatrrro Borrower of tYe rigN to rdnute dkr accelerrtio. aW tlw right w licit' • town action w aassrt ttre aoa~ <br />rsktsrce at ^ defaut or any other decease of 8wrowa to acerlaradw awl role. 1/ the breach ie not cured oa or 6etore the dolt specified is 14 <br />wotiee, leader at l.eoder's optfoa auY declare all of the swms xcwred by this heed of Trnt to lie flamedlakly dove and pryabk without turtber <br />de~aad cud rent' iavolie the peon of sale awl uY other rrmedka pttmitted b! appBcabk law. lewder shall be eautled to culled all reasvaabk <br />coals sad txpemwa iacamd is purstdag the rctaedks Provided iv this paragraph la, irtcludtag, bet not Bolkrl to, rearowabk attwny's freq. <br />It the power of role u invoked, Trwrke shall record • rtoU<Y of default in each courtq in wbfcA Ibe Properly yr nonce pan Ibereof k loakd <br />awl shah ma6 coptea of saN entice is tk auaatt prexrtbed by apptlnbk law to Borrower and to the other person Dre+cti~ by appBcable <br />kw. After for tepee of arch Urge err toy De regwired by applkabk law, Trento shall glue pabYc eosin of sale to the presorts and is the ntaaeer <br />prearribed by appBabk hw. Trwslee, wflkoat demand on gberowtt, shall all the Property at public aucttoo to the klgbeal bidder at Ute time <br />and place awl wader the term deetsuted la lbe sotkr of safe frt owe or mare parreb amt iv curb order as Trusue may drtenoior. Trwatee may <br />postpone sale of ad or any parcel of t-e Property by pablk aaauurtc~etneet at the Ume artd place of easy previuuslY scheduled sale. Lender yr <br />(eadei s rft~gser may panbase [br Poeperp at aaY sale. <br />t UVVa rcttipt of payueat of tk price bid, Trws[ee shag deliver fu the purchtser froslre~s dead convrYiwg lhr Property sold. fHe recitals rn <br />IL! for 7'rwstre's load sW16e priwu Iwaie rvl0ewce of for troll of the strtrments mrde therein. 7"raster shall rppiY the proceeds ut tM salt in tHr <br />x <br />taBowfag order: /a) to aY reasoubk care amt expeares of the srk, irtlydtag, but rtol Bmlted lo, Trustee's tees of nor more Ihrn -. o <br />N eke grew role prln, rcawaabk atioraty's free and coats at Ulk evWenn; tbl to df sums secured by this bred vl tent: and tc) the guess, tt <br />ray , to the ptrova yr person kg.xy entitled tkento. <br />19. Barlnwrr's RigAt to Rtiaslalt. Notwnhstarxhng LendC-t , e. ~cirranun .~f :hc ~.mn+ u~c urrd b', :hw !?erJ ,il 1 oast. N:xm=wry ,halt Pis~e <br />the rrghr to tour an3 prow-e€;luµ~ ix~ua NY t end<t u,.^nl urre ;br. treed .,[ few<: du.,,nan,ie•1 a~. an, nine prte. ..~ :;te ~ a~ 4tei i,, ,,.; w ,~~ t.! ~hc <br />fifth clan before the sale of the Pcupe±q pursuant +a the power ut ,¢k .untanirs; ~,, ihr. t3erd ,~f ! cu.; ,.~ u,1 =nu s ~- ,~ udgn~rr;t rni~n.~ns th,o <br />l?e-rd ui tistu tt ==-ai Flazrawrr paps ixn;lri all summa whxh wruld hr then •,i.r_ ,~aJc: ; ,. ttee,3 ~i !,s 'hr '~.»~ ~.,,~ ~ .ss ,<. r.. ~:rs !.n :.:r <br />