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<br />83- 004349
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<br />9. COnMmnallon. The proceeds of any award or claim for damages. d,recI or consequenlial, !n conneclion wil~ any
<br />condemnalion or other laking of Ihe Properly, or partlhereof. or for conveyance 10 heu of condemnallon, arc hereby aSSIgned
<br />and shall be paid 10 Lender,
<br />In Ihe even I of a lolaltaking of Ihe Property. Ihe proceeds shall be applied 10 Ihe sums secured by this Deed of Trust.
<br />with the excess, if any. paid 10 Borrower. In the evenl of a partial lakinll of Ihe Property, unless Bo~rower and Lender
<br />olherwise agree in writing, there shall he applied to Ihe sums secured by Ih.s Deed of Trust such p~oportiOn of the proceeds
<br />as is equal to that proportion which the amoun! of Ihe sums secured by Ihls Deed of Trust Immedlalely proor to the date of
<br />laking bears 10 the fair markel value of Ihe Property immedialely prior 10 the dale of takmg, wllh the balance of the proceeds
<br />p.1id to Borrower.
<br />ff Ihe Property is abandoned by Borrower, or if, after nOlice by Lender 10 Borrower Ihal Ihe condemnor offers 10 make
<br />an award or sellle a claim for damages. Borrower fails 10 respond 10 Len~er wilhin 30 days after Ih,; dale such nollce IS
<br />mailed, Lender is aUlhorized 10 collecl and apply the proceeds, al Lender s opllon, ellher 10 restonllon or repair .of Ihe
<br />ProperlY or 10 Ihe sums secured by Ihis Deed of TruSL. , , . . .
<br />Unless Lender and Borrower otherwISe agree in wnllOg. any such apphcallon of proceeds to pronclpal shall not extend
<br />or postpone Ihe due dale of Ihe monthly inslallmenls referred to 10 paragraphs I and 2 hereof or change the amounl of
<br />such installmenls.
<br />10. Borrower Nol Released, Exlension of Ihe lime for paymenl or modificalion of amortizalion of Ihe sums secured
<br />b)' Ihis Deed of Trusl granled by Lender 10 any successor in inlerest of Borrower shall nol opera Ie to release, in any manner,
<br />the liability of the original Borrower and Borrower's successors in interest. Lender shall not be reqUired to commence
<br />proceedings. against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
<br />secured hy Ihis Deed of Trusl by reason of any demand made by Ihe original Borrower and Borrower's soccessors in interest.
<br />II. For~rance by Lender Nol a Wainr. Any forbearance by Lender 10 exerclslOg any rlghl or remedy hereunder. or
<br />otherwise afforded hy applicahle law. shall nol he a waiver of or preclude the exercise of any such righl or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's
<br />right to accelerale Ihe malurity of the indcbledness secured hy this Deed of Trusl. . . ,
<br />12. Rem""ies Cumulative. All remedies proVIded in IhlS Deed of Trusl are dlStlncl and cumulalive 10 any olher rlghl
<br />or remedy under this Deed of Trusl or afforded by law or equilY, and may he exercised concurrently, independently or
<br />successively. .
<br />13, Succ......rs and AssiJl:ns Bound; Joinl and S.veral Liability; Caplions. The covenanls and agreements herem
<br />contained shall hind, and the fights hereunder ~hall inure to, the respectIve successors and assigns of Lender and Borrower,
<br />,uhJect fn the provisions of ~1.ragraph 17 hereof All l"ovcnants and agreements of Borrower shall he joint and several.
<br />J he captions and headings of the paragraph~ of thl~ Deed nf Trust arc for l..:onvcnicncc only and arc not 10 he used to
<br />IOterpret or define the provisions hereof
<br />14. Notkr. Except for any nOtice reqUIred under applU:;lbJc law to he given In another manner. (a) any notice to
<br />Uorrowcr provided: for in this Deed of Trust shall nc given hy m.lding such nntlce hy certified mail addressed to Horrower at
<br />the Property Address or at such other address .~\ Borrower may designate hy notice ll) Lender as provided herein, and
<br />(h) any notil:c to Lender ...hall he given hy certified mad, return receipt requested, tn Lender's address staled herein Of 10
<br />'ouch other ;uJdfcs~ as Lender may deSignate hy notu.:c 10 Hurruwcr as provided herem. Any notice provided for in thi\
<br />I)t..-eti of Trusl ...hall he deemed 10 have heen given 10 Horrower nr I.coder when gjven in the manner desigmlted herein,
<br />IS.. tJniform .)red of Trust; Goyrrnine: Law; .se"f'rabUity. Ow. form of deed of frll!\.t l.:mnbincs 1I1l1rorm covenant, [(If
<br />national use and non~uniform covenanls wllh limned vanalluns hy jUClsdiclIon (0 constitute a uniform security instrument
<br />covering real properly, This Deed of Trusl shall he governed hv Ihe law 01 Ihe )urlsdiclJon on which the Properly IS localed.
<br />In the event that .any prOVision or clause of thiS Deco ot Tru~t or Ihc Note conflicts With applicable law, such conflicl shall
<br />nol affect other prOVisions of this Deed of Trusl or Ihe Note which ("an be given etfect without the connicttng provision,
<br />and to Ihis end 110. provisions 01 the Deed of Tru't and the Note are declared 10 be severable.
<br />16. Borrow.r's Copy. Borrower sh~1I be furnIShed a conformed lOPY 01 the Note and of Ihis need of TrusI al Ihe lime
<br />llf execuhon or aher recordation hereof.
<br />17. Tnmsfer of lhe Property; A..umplion. II all or any pari 01 the Properly or an interest Iherem IS sold or Iransferred
<br />hy Borrower without Lender's prior written consent. cAc1uding (a) the creation of a lien or encumbram.'C subordinate to
<br />Ihis Dccd of Trust, (b) the cr.ation of a rureha,e IlIl)ney 'ecuroly mlerol for household apphances, (c) a Iransfer by devise.
<br />uCSl:Cnll)f hy l)peratton of law upon the death or a Joml lenanl or t J) the granl of any leasehold interest 01' thn."C' years or Ics~
<br />nol containing an option 10 purchase, Lend.r may. ,It Lender', opllOn. declare all the sums secured hy Ihis Deed of Trust 10 be
<br />immedialely due and payable. Lender shall have waIVed such opllon to accel.rale if. prior 10 the sale or transfer, I.ender
<br />and the person 10 whom ,the Property IS (0 be sold l)f tra(}~fened leach agreement III writing that the ~redit of such pcn.un
<br />is satisfactory 10 Lender and that Ihe interest payable on the ,um, ,ecureJ by 1101> Deed of Trust shall be al such rale a,
<br />Lender shall request. If Lender has waived the .,)puon 10 a~celeratc- proVided In this paragraph 17, and if Borrower's successor
<br />10 interest has executed a wrttten assumpuon agre.:-meOl .h::cepted in writing hy Lender, Lender shall release Borrower from
<br />all obligations under Ihis Deed of Trusl and the NOle,
<br />If Lender exercises such oplion 10 accelerate. I.cnJer ...hail mall Horrower IWhee of acceleration in accordance with
<br />paragraph 14 hereoL Such no lice shall proVide a pcrult.l "I "ul Ie>> Ihan .10 day, from Ihe dale 110. notice .s mailed wilhin
<br />which Borrower may pay the sums declared due. If Horrowel t a.ls to I,ay su<:o sums prior to the expiration of such period.
<br />Lender may. wilhoul further notice Or demand on IIorro..el, IOvoke any remeJies permin.d hy paragraph 18 hereof,
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<br />NON.UNI~ORM COVENANTS. Horrower and Lender further -':..J\<enanl amJ agree a~ follows;
<br />18. Acceleralion; Remedies. Exe.pl '" provided in parar.nopb 17 hereof, u...... Borrow.r's breach of aoy eo.enanl or
<br />3Kreemellt of Burrower in Ihioi l}ffd 01. '!'rust, jnel"dinl Ihe ell........'" 10 pay ..hell due any SIUDS secured by Ihis (}ffd
<br />uf Trusl, Lellder prior 10 acceleration shall mail noliee 10 Borrower as pro.id"" in parar.rapIa 14 hereof .pedfYin&: (I) Ihe
<br />breach; (2) the acllon required 10 ellre sllcb breacb; (3) a dal., not I.... lhan 30 days from the date lhe nolie. is mail"" 10
<br />~rower, by wbieh such breacb must be cured; and (4) Ihat failUl'e 10 cure SIKh breach on ur before the dal. speeifi""
<br />in lb. notice may result in ace.leration of lhe sums secured by Ibis Deed of Trust and ..... of lhe Property. The notice
<br />shall further inform Borrower of lhe righl 10 reinstate afler aeceleralion and lhe rigllt 10 briRc a court actioll 10 assert
<br />lb. oon.existenc. of a d.fa"', or auy other def.nse of Borrower 10 aeceteration and...... If Ihe brea<:h is nol cured
<br />un or before lb. dale speeifi"" in Ih. nolice, l.ender al l.eoder's oplion may declare aU of lbe sums secured by this l>eed
<br />of Trusllo be immedialely dae and payable wilhoul further demand aod may in.ok. lhe power of ..... aod any other r.medies
<br />pennilled by applicabl. law, l.enMr shall be .ntilled 10 collect all re_nable costs and expe_ Im:urred in pursuing the
<br />r.medies pro'.ided in Ibis parar.rapb 18, ioduding, but nol limit"" 10, r.asonable aUorney's fees.
<br />If the power of sale is in.okN, Trustee sball record a nolic. of default in .ach eouoly in which the Property or some
<br />parllhe..of i. Io<:aled ....d shall mail copies of ,ueh nolice in lhe manner p....eribed by applicable law to Borrower and 10 the
<br />other persons pRM:ribed by applicable law. Afler lhe lapse of such lime as may be requirecl by applicable law, Trustee shall
<br />give public nolic. of .sale 10 lhe persons and in Ih. manoer prescribed by applicable law. Trustee, withoul d.mand on
<br />Borrow.., ,...." selllhe Property III public audion 10 lb. hit:h.sl bidder allbe lim. and p1ac. and uuder Ihe I.rms desit:ualed
<br />in lhe nolice of sale in one or mure paree" and in such order as Trustee may d.lermine, Trustee may poslpone sale of all
<br />or any parcel of lbe Property by public announcemeul al the lime and place of any pre.iously scb""u1"" sale. I..nder or
<br />Lender's desiguee may pu.rc.... lhe Properly al any sale.
<br />Upon rec.ipl of paymenl of lhe price bid, Trusle. shall deli.er 10 Ihe purchaser Trusle.'s deed eon..yilll\ lhe Prop.rty
<br />sold. The r<<it... in lhe Trust.e's de.d shall be prima facie ..idenc. of Ih. Irulh of the slalem.n'" mad. Iberein. TnlSl'.
<br />shall apply lhe proce.ds of Ihe sale in lhe followiul order; (a) 10 all rellSoUllble eosls aud expe"".s of Ihe sale, ineluding, hut
<br />nolllmlted to, Trusl.e's fees of not more lban . OS % of Ih. lross saIe pric.. rellSOllable allomcy's fees and cosls of
<br />lilIeevidenc.; (b) 10 aI. sums secured by this Deed of Trusl; and (cllhe excess, if any, 10 the person or perso"" legally entilled
<br />Illerefo.
<br />19. Borrower'. RIabt .10 Reinstate. Notwllhstat~ding Lender's acceleralion of the slims seemed by thIS Deed of Trll>l.
<br />Borrower .hall have the rrghl to have any proceedrngs hegun by I.end.r III enfllrce this Deed of Trllsl discontinlled at
<br />any lime prIOr to the .arl.ier 10 occur of (il the fifth day hdore Ihe sale of the Propcrry pursuant 10 Ihe power of ,sale cont,"ned
<br />.n IhlS Deed of Trusl or (II' entry of u judgment enf"'l'ing Ihis Deed (If Trusllf: fa) 80rrower pays I.ender all sunl> whil'h wOllld
<br />be: then ~UC. ulldc~ thIS Deed of Tru~t. the Note and note\ M'ClIring Future Advances, if any, had no acc.:cJerariun ()C("urrcu:
<br />(b) Bonower cutes an breaches of any other coven.mh l)f ~"grccmenh of Borrower 1",'\..)f1(aineo in this need (If TrU'lt
<br />(c) 8prr~w~r ~a.y' al! rca~()nabfc e.'~nsc,s ~ncu~rc-d by I.,t'nder ;'1nd ,Trustc~ in cnforclflg the ...~O\tc:nants and .1gh'::C'l1lcnh of
<br />B~r"row~( ~t:on,I,.uneJ It) lhl~ f?ced of rrust ,tOu ill cn(ur.l.:lflg Lender ~ ~tOd ffll\tCt.:\ remedies :'IS pfovided in paragraph I X
<br />he c,?f, lfH:ludtog. hut not h,:,'uted to, .rea~onabJc alfolnc)' ~ fcn, and (J} Uorrnwer takes :')lu,;-h adH,-lH aloi Lender flHi}' rc.,.wrnhl)
<br />reqmrc tn a.\:'\iurc fhal the- lu:n uf IhJ$ Deed of Tru!\1. I cnucr\ intcrc'\t Hl the Propen;' ,md Uorrowt.'f''} ohli;atiOl; tn 'P,t}
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