|
<br />83-003795
<br />
<br />9. Conckmnation. The proceeds of any award or claim t or damages. direct or consequential, in connection with any
<br />...ondenlnalion or other taking ot the Property. or part thereof. or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall be !'lid 10 Lender.
<br />in the event of a total lakmg of the Property. the proceeds shall be applied to the sums secured by this Deed of Trust,
<br />with the CA.(,;CSS. if .any. paid to Borrower. In the event of .1 partial taking of the Property, unless Borrower and l.ender
<br />\nnerwl'loc agree in WrltlOg. lhere .shaH be applied 10 Ihe sums ~ccured by this Deed of Trust .such proportion of the proceeds
<br />.JS is equal to that proportion WhlCh the amount 01 the $ums secured by this Deed of Trusl unmediately prior to the date of
<br />!akin!! bears 10 the fair market \'.1... of tbe ProperlY ,mmed,ately prior to the dale of taking. with !be balance of the proceeds
<br />p.;.Iid to Horrowcr
<br />If the Property 1\; ahanJoned by Borrower. or i~, after nOlii:c by Lender to ~rrower that the condemnor offers to make
<br />311 .;I;wanl or ~uk 'a chum for damages, Borrower t;,ub w rClSp'-lOd to Lender Within 30 oays after the date such notice is
<br />malled. Lender h authc.}(!;lcd to >.;uUect and apply the pnxccds, at Lenderl, Option. either to restoration or repair of the
<br />Property or to the <..ums M:Cuned b}' this Deed of Trus1.
<br />UnJC:$\ I ("f'Ukr and Borrower otherwise agree In wnl1ng, .toy ~uch application of proceeds to prIncipal shaH not exlend
<br />or postpone the dut' dall~ ot the rnonmly lostailmems n:~'tcncd 10 In paragraphs t and 2 hereof or cbange the amount of
<br />...uch instaUments..
<br />HI. Bor-rowu No. Rdt.awd. E.uenslon of the Bme I-or payment .or modificalion of amorUuUon of the sums secured
<br />b}' thIS Deed of TW$( granted by Lender to any sUC(:~or m 1f1H,..tc;.! of Borrower iliaH not operate to release. in any manner.
<br />the !i~hijH" III lhe ongmal BotTower <.loa Borf{jwer\; ;'!iUCCC~S.llf... 10 mterest. Lender shall not be requ.ired to commence
<br />prCK:CCdltl~ ;J.gaU'ts,{ ~uch ~LKct."SSor or refuse: to (',Ate-nu lItHe tor p.Jyment or otherwlSoC modify amortization of. the sums
<br />:.ccun:d bv thl~ Dcc~ of Tn).~t hy rt.;i,wn of any tJemanJ mJ~,iI: h\' lhe Original Borrow"f ;tod Borrower's successors In mlerest
<br />11. JiOf"twWWK'"e- by I......,. Not a \\-'ain'r. Any h.rbe;:'f<in~e hy Lender to c:\erclsmg any flg.ht or remedy hereunder, or
<br />othc:rwl~C' ritfonktl h.,.~ i:ipphc-abk- law, 'l.naH 0...)1 he '" wai....er d or preclude the e,\.crCl.se 01 any such ri$bt or remedy
<br />HI.(: pr'o.:urement {jl oaur3.nc:e or the payment 01 la,es ,ur "HhC'f !lcn~ or char~ by Lender s.hall nO( be a waiver of Lender's
<br />!tlt-Iu h) .ac..:ci-e-fitt(' the m:ttunty nt the Indebu:d~'S.'io ..t.~,,;uft'd tl\ thy.. Deed 01 Trust.
<br />12~ Me~ CU-llHllatin'. AU rt:medte\ plO"hkd in It'll';, lkcd of TrUll are distm..:t .anti cumulative to any other fight
<br />nl lCtllct..lj' w.Jcr tht'lt. t)coj \,)1 Taw or .1JforCed t,\, 1,1'0\- ..f C,-!U1IY. and ma)' be CX.CfClsed \:oncurrently, independently or
<br />::o.t,K:~L":MaY'dy
<br />IJ, St....c'euon.aM Asse_ 1Io881t: Joiat and ~..t'nd U~ ('.ptio.as.. The ~uVl."flants and agreements herem
<br />cult..uned shAH hmd, .Jnd the right.s. hc-reuntkr shaH murt: 10, It\C rnpecU\'l: \ucc-C"uors ami .J~sfgn~ of Lender and Borrower,
<br />\Ub}.tCl l'l' the pn~"I\mn~ ut ~r-.1:gnlph I"': hereof :\11 ;".o\-en.mh. JllU itgreemenb l)f Horrower ~haH be: joint and several
<br />I he- ca.pltOn'l. ,lud he.adm~ .:If [he p;lOlf(faptn. ot ltll:\ Deed ul I fU\t arc ror conVCOlence lmly and aTC: not to be used to
<br />lI'UCfr'fr.-l iH d~>Jirk"' l-lu- mOWi1.H:)f~ hero:JI
<br />--- .~14~.- ~'~k~. F.~~'('r't - tor .toy nobce rt.':QuHcd unLo't-f ,'ppll~ Jolt'" iJ.~" to he t(l't'cn III another manner. ~a) anv noth:e 10
<br />Uorro\lu::r pH.'\'H.ied h,l-r In lhll f>c.."d ut TrU\1 ,hail he gl\-~n h\ In"uhng sw:h nl}llCe by cCfUtled mad addressed to 8orrow('r at
<br />{he: Pr,ppeth-< ,.\~1d.fn~ ;.,)f .oIi \.w;;h ndwf .ldd:re:u ..:'1. !::forrowc( :nd) dnlgnatc by no-tll:C 10 Lender as prOVided heretO, and
<br />(h, ,Wy nGIH.:C to Lender l.haU he! &1\'t'0 h)' ,-.eruhed rn..lIi, rChUIl l'e,cetpt r~uatcd, to Lender's addtcS$ $ltated herein or to
<br />\w:h o(n.cr ..i~!a.''\\ .:i'~ l.ern.kJ 014)' ~&n.tc by lH.)tJ':'C t" U\)Hlf14Cf u prOVided heretn. An)' notice proVIded for in thts
<br />f.~ti d rlu\.t "l-lu,H t'li." deemed to h.4V'C" he-cn ill.en iu HUlhW,CI ;,If l.enUcr when glv~ HI the manner da.gnalcd heretn
<br />.S. ',;aiform Ikt'4t &f T....; Geflof... ".w: St<-__ltntWlM), I ht\ form of c.leed of" tru~l combines umform covenanls fiJf
<br />ltaUon..u U~ "lluJ fHlfl ,um!\,.lrm ':ulo'"nanl'J. wuh limned \- <ifl;i!nlfl" !''t JUU$,hctlon Id conshtuU: a ~njform lieCUrlty IOSctrumcOl
<br />\.',(.)\'etllllt !e;tl p,wpcn,' f1'f~ J)eoj of 1'1\11.1 \.h..,;l h", l.:v'H"rnc:tl tn Ih~ i~w 01 the lurtt,ou.:uon In which the Propcrt)' l~ located
<br />In the evvO'l tholt 4n. 1"';0'0'1""00 o.i {.-t;U,iIC oj thl~ i l,.-t:.ti t.lt (Hl'lol ,~I 1M N\1-tC' C'\.tnf\iCh ~'Jth <&pphcablc law, !ouch (,'ontlicl shall
<br />flHt ..ff('\:t iUtk'1 r>>O"I~.Ufb ~'d Iht" 1>cu1 of hu:\.t Ul !he Nnli:" -..h,{,..h .:an be given crtect \If\thoUI the contliellnK provlslt.m,
<br />..mJ h,t Oil... (..,ld the PUi\ifJ'.lom. ....t tM l.l<<d i.~: Tru10t .:in'(j 1tK- ~m-c .lfC dcd,au:d hJ be: ffv-crable.
<br />t6. 1Son-ow-e-r\ <<:'op" lkinQWef )haU bot, turm'i-i'tcd .i ...A.mlmmcd ..:opy (l' (he: Note ..nd of this Deed 0" Tru~t :11 the tune
<br />1,),1 e~<<uhotl 01 -JttCT l("(ord.:a.u(Jn MnuI.
<br />1'1, r,....,e1' ot IN ~1; A.......... if ,'ill PI Mly p.ut of the' Property ('Jf an mterr"t <<herem II !Old or lrlin!tcrrC'd
<br />hy llQ'H,(~'C,f wltt-~l Lrtl\kt\ p.rlor wnUrn l...'On~nL n,dooln~ 1...1 HlC' l,.:fC:ahQO of ~ hen vf cncumbratu,:c ~ub'l:m,hn.ille to
<br />lhu l~-u .)1 1 n.uL (b) the o;..tt;i&.hott (:It a j.'i1Jf\:.~ fI1die,,. \.C",l.llll,- mtCf'(;;ljt tor t"-.uw.chok1 ~pp!:a"'l".,u. ((,,) .illtans.ler hy dt:Vt~,
<br />,kK.\:'ht ~'tr h"\' \lS'ICt~UOft L}t h.",. uf'-'m the de.llft 01 .a !",llm ;.("fl;l.nl \11 I d) {he "aI\I of .-ny ieawbokl mterest of three .,..e.an Of les.",
<br />Ito.'Jl \""4.l.t11,.HntU~.in \~ptu'}fl 10 pu.t(,.<~ tender tn...". ..1 i "nOct ~ ~-,~)4HU'-. ;.l.c\,.i.a.te AU the ,-Uflt} ~urc:d by tht:$ Deed ul Trust to he
<br />imn~uu'Ch' ..luc Oind p.,t)'abk l,cnder "h-aU hOi\'C "",J,\u.:d \\4-h .lpHon to iKcderalC" d. poor to the uk or teander. Lcnucr
<br />,uw. lOe ~nl_Hl II,} "-tKJM the Proper')" J'\. h) be w4.i ,~t H~mh'llcd Ic..u:h 4&:rccrncm m wnHnl that lhc crNIt ut such pe~)f1
<br />,~ ll...t~J,tiKl()n h' J ,~ndct -ii"-u4 tlut tbe: mt.cn:'il S'ot)'''4hl.(' t.m .hc .\unu. ~ured b-.' thu [)ced of Tf\bt ~haU be al su..:h r~lIc a~
<br />1..('1*1" "ionoJii !('~"-K.'1ot, l! Lender ha" ~~"''''ed the UfllhH"t 1\.1 i*<,;-i.,.crct.tlc f)f"O\ltckd w. tb4 paraVilpb n. and It 8orrower'11u\:l,;CSs.m
<br />!fl Itlle-fC.\J ru.s e\c-..:uted .. VluttCll ~ptK'oft ,*jfCCtt'K"ut ..r..:..'cJ.~t<<J lft wrtURI hy Lendcr~ l.e:nde:r ihaU release Oorrower from
<br />.Iii onhgol,t.a,Hu, Ult4ie:r Ihu llw;cd ",-~f Tr-u.l .nu the- Nt...\(e
<br />!f l..(.'fl\kf t'\~ll~ "Udl \.\lptKlfl to .U:o.:dt'IJJc t ~'tl"Jc( '.h..,d mall UU'UUWCf nu(u.:e l}f .u..,,:,.d-eratwn U1 al,:,-=-ordancc wIlh
<br />pal.tH;raph I":; fwtH:oL ~h jkHtl.-~ '1h.&U Pf(......~de ;a f)c:'(u.o t,.,! ,'()l k\~ than JO d.a)'I- (rom the d.lIC: the nuhcc It ffllolilcd wlthill
<br />_hiCh lU)U\,""..-I' nl4)' p~, l~ ~un\i; ~!~u:-d dOC' It HoHU_Cf LIl~'\ fo p.y ,~ !lURll pnof h,i the:. e.\ptrauon of such penw,
<br />lxn<<r 1:1\,",). wttht.lU( luttttcf tlOth.,"'1: \)1' UCfil-and un 1i00n."nllt'C!, ~,nu<<.(' an)' rCfl'>>e:UIcs pern\lUed hy p.a....aph 18 hereof.
<br />f'tt~J'\j,l.:<ottO"M ('(~\'I\N"N{~ bonu..-cl and 1.-l'"nUc-f fu.rther l,.l,J\.-ena:nt and aaree.... loUuwl:
<br />Ill. A,'~""''''_ 11.......-- Ii..... _ __ ... par........ 11 ........ ..... ........... __ of .., <0"_ m
<br />.._ of lion...... ... .... o....t ... .f...., i............. .... .0"_ .. ..., ........ .... OIl.)' _ .'""""" by Ibis {)oed
<br />'" Tn.... I~_. ..._." ............... ..... _. '" Ilm....... _........... '" .......... Ie......, -",..., (1I1ho
<br />_II; \11'''' ""_ ......if... .. ,'un _II ..........: ,ll a....., _ ... IiIaa Jt ..,. f... .... .... ,lie ~ ili IR8iIotI \0
<br />........."'. ", ......... ,....ia ""-'11 _ ... <.......t: ..... .... ..... f......., to ~ .... __ _ 01 ""'... .... .... _ili...
<br />,. .ho _... ...., ....... '" ..n.......... '" .... _ ......... b, .bia IJeM '" T... ..... .... of .... 1'"","",. ..... notlu
<br />...... h.lt,," OM...... ........... of .... ricIIf '" ....- Illlfl ""........ ..... .... .... '0 ..... .. _ ....... I" _..
<br />.100 _........... .tf 0 oId_ ... -I ........ ...._ of Ilorro..... 10 ...,.......... .......... If.... __ II not <......
<br />- ... lod...... lhe ... ............ ia .... ........ I..... III I.......... ....... .., oIedore .. of 11M _ ___ by lbia Ilft<<
<br />... 1..... I.. .... .-.....1, ..... ..... ..,.... widleIOI h........ tIomlIfI4 .... -, "'...... .... ...... '" ...... .., at..... ...........
<br />......,.m.d ". .............. '-. LcMn" lie ndIIooIlo .uIIttI aU ~ .- .... ......- '-etl '" ........ 1M
<br />........ ......iIIed '" t.... -""'" II. ~ btII _ lillliml .... ......... -t. f_
<br />If .he ........ ... ...... .. ............ T_ .. Ift'W"li .. _i<e of ...... '" ado _, I" ..wdl .... ........, Of _
<br />pan ......... h ........... _ .... __ ........ _ -. i.. I_ .._ ...-riIootI by ........... .... 10 ......._ .... 10 lho
<br />........ _ _..... "I .......... law. Af_.lIe 1_ ... _II ._ ... _ lie .......... by .......... law, T_ IIoIllI
<br />dw ....... -.. ... ..... Ie .... _ .... ... ."" __ _..... by ................ T.-., ..ilIIIIoot *-d ..n
<br />-..-.... >NIl >riI 1M ........., III ....... _ to .... ......... ....... at ,lie ... .... ...... ..... _ .... ..... ........
<br />~ t~ ~-!' 9!,~ !s 9H 9!" ~ ~ ~ j,a ~I; ~ ~ T~ .., ..~~ ^r.........,.... lAte tt.I all
<br />... ., ........ of ''''' ......,.." by........ __ III .100 Ii_ .... ...... '" .., ........icMIoI, ............ l.e-. Of
<br />L......,'. ~ _, ,..m... .... "",,,", at _ ...
<br />'i_ I'e<tipI of ..,- of .... prire ..... T_ ..... _... 10 .... .....ioM<< ''--'f ...... __...,... .100 ~I
<br />..w. ,... .<<iIato ... .... 'r_'. .... ..... ... ...... ,_ ........", of 1100 I...... of '100 _ ............ T_
<br />........., .... ......... of .... ..... ill .... ......... ........, .ojlo .... ......... ._ ..... ._ of ,lie ... iIIdoHIloa. .....
<br />_lMo/4ooI.... l_.. f_ tof _ _.... . ()o; '"" ... I""...... JOIIit:e.......... --,.... Ie............ of
<br />=~ tlJ; to" _ ___ by ... IJeM '" T.....: _1<'1 .... .._If _. '0 .... _ Of ...- ....., ....lotI
<br />,.. -"'-'. .....10.......... Not..."n"I_C I.<r,tk(, ....""""'..._ of lhe '0"'" ,"",ured by .hiS Deed <of T""L
<br />lIot,_., .....u rn... the ,'Chi to ba... Iny ",'""""d",,,,, 1><11"" M> Le_. !o enl<>f<:C tlus Doed of rm.. di>conlHllO<!<! .t
<br />li#). hrtW lU'~.tf h..i *bu cMj~r tu (K'",u.r dl (,) tM Ntn tJlil~ bd(1j'\;" tt~ w-h: 01' lhe: Pr-opcttty purwaN to !Oe ~t 01 uk 1....0f\(;ltHCd
<br />tQl~lA-~"'~ fh_h,.it~t(t,ttt~fr\"''' ),~a. ~Af(~f..;mj{ thh. Un:'" of Trw if' f,i Botrowcr papi l,~f'tieJeritU turn, ""hKh w'~lhi
<br />~ f"'~1:1 4wr H"t f.htt. Uec-d tq rfU.).t~ the Note", ~uki fMlte-;\. \C-i.'llhflS rut...,e Adv~ d' .-n" h-ad nu a\...\\...tder.tw-n "t'('JH~-U,
<br />tfft iluth\'i!I>€f {....tt"~1i. ~H tn~'hn ,...)1 0lA1 P<t-Mt (;"Oy~tHlnh Of 4g'f~" uf ~t:'t' '-.:UfUa.tnlI:d 1ft ttn", llettd of 'rUlr,L
<br />h.:l ~lH<.ef J:oot,~'1, .,n t~#M~ ~'-~Mn- -fMUf""U b~ t..('nUel' and TruJlcc.m emO'n:u"" {Rt \,'''oV'C"Mnb and OI:lf<<ffK<Oh I,ll
<br />Ik:rt-w~. "',!~.~ in f_h~ l~ ~>f . f'"tM ittld lU t.nf,uf\.tnl '.ender\ !l-Dd 'ftU\lce'" tcmctdie~ ., pt'd~ Hl pdtilJrapft \ h
<br />~.t -tfJMi~-\'., t'i<Ut ~ JmN~~ w, rN~ ..-twM,', k~~" <JHd {d'J tiur'~r i.,a MM:h. kHU41 at Lender mat' rtil'MJtubh
<br />flt~r# tv ~~ J~.t tn. h.ft ~Jl thB ~ of tr~l"" . Cl:"t "\ l!ltefftt ttl thl: Ptapetty .;md 8ofTU1ilVe:r", ,,~,,"aifl tu p,t~
<br />
|