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83003014
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83003014
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Last modified
11/19/2008 1:08:20 PM
Creation date
11/19/2008 1:08:19 PM
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DEEDS
Inst Number
83003014
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<br />83-- 083014 <br /> <br />9. COiIIdeRuoatiua. The proceeds of any ;r..'a!\:l Or .:Ia!m for damages.. direct or consequential. ;n connection wit~ any <br />condemnation, Oi otber talk:ing of the Property, or part thereof. or for conveyance in lieu of condemnation. are hereby assigned <br />and sban be paid t(~ I...et1l1fer, <br />In the event of a totlll taking of the Property, the pmceeds shall be applied to the sums secured by this Deed of Trust. <br />with the exceSlt, if any, paid to Barro",'<eT. In the event of a partial taking of the Property. unless BotTowerand Lender <br />otherWise agree in writing, .there. shall be appiied to the ilums secured by lhis Deed of TnlSt such proportion of the proceeds <br />;\$,>s~l.to tb:tt pil'Q'PQt1!ion which theamounl of the SUnlssecured by this Deed of Trust immediately prior to the date of <br />takil1J ,beats. to the fair malicet vaWeof the Property 1 nlmediateiy prior to the date of taking. with the balance of the proceeds <br />paldto~er. <br /> <br /> <br />;,fler Oelke by Lender to Borrowe.r that the condemnor Ol"fers to make <br />10 respond!,! Lender within 3D days after the date such no.tice is <br />procecds, at Ler.der.s opl.ion, eithcT tcrestoration or repair of the <br />l1JSt. <br /> <br />;IlW SUdl application of proceeds to principal shall oN cxten~ <br />(0 "1 pafagraph~ i and:: hereof or change the amount or <br /> <br />ot'~pl'Jfie the d~ dale of lhe <br />s~ iMtalUl1e1UiS, <br />It, Blwrow<< N()t R~ ExlCftskm (If the tlmc lOT payment or mo.-hnc41wm ,11 amortlzatlon of to,:: ;;um~ secured <br />~_ral~ttd:~--"be~glder t{;l ati:;( iUJCCi;:.\S.'Sor ~11 !nte'f"e~,t B(;l'rrower shaH nel operate to it1 any maflner~ <br />to t:'on"tmenr:e <br />of the sums <br />in interest, <br />hereunder. <br />()f <br />of <br /> <br /> <br />an: <1,stmct cll1d "",mulalivc it:> a.n)' ,>thcr right <br />mll)l be ei\efc!.sed cr>ncurremly, independently "f <br /> <br />herem <br /> <br /> <br />I <br /> <br />l!"., <br /> <br />ij <br />11; <br />
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