Laserfiche WebLink
<br />r <br /> <br />83-60501 t <br /> <br />r <br /> <br />9. COIIdetIutadoa. The proceeds of any award or claim for damages. direct or consequential, in connection with any <br />c<>ndemnatlon or otber taking of lhe Property. or part thereof. or for conveyance in lieu of condemnation. are hereby assigned <br />and shall he paid 10 Lender. <br />In the event of a lotal taking of lhe Property. the proceed. shall be applied to the sums secured hy this Deed of Trust. <br />with the excess, if any. paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender <br />otherwise agRe in writing. there shall be applied to the sums secured by this Deed of Trust such proportion of the proceeds <br />as is equa!to that proportion which the amount of the sums secured by this Deed of Trust immediately prior to the date of <br />taking bears to the fair market value of the Property immediately prior to the date of taking, with tbe balance of the proceeds <br />paid to Borrower. <br />If the Property is abandoned b)' Borrower. or if. after notice by Lender to Borrower that tbe condemnor offers to make <br />ao award or settle a claim for damages. Borrower faib to respond to Lender within 30 days after the date such notice is <br />nlailed. Lender is authorized to collect and apply the proceeds. at Lender's option. either to restoration or repair of the <br />Property or to the sums secured by this Deed of Trust. <br />Unless tender and Borrower otherwise agree in writing, any such application of proceeds 10 principal sball not extend <br />or postpo"" the due date of the monthly installments referred to in paragraphs I and 2 hereof or change the amount of <br />such installmenti-. <br />10. IIenower Not RifleMed. Extension of the time for payment or modification of amortization of the sums secured <br />by this Deed of Trust granted by Lender to any successor in interest of Borrower shall not operate 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 />proceed;np against such successor or refuse to extend time for payment or otherwise modify amdrNzation of the sums <br />JeCUred b'y this Deed of Trust by reason of an). demand made hy the original Borrower and Borrower's successors in interest. <br />t t, Fo_ by Lender Not a Waiv.... An)' forbearance by Lender in exercising any right or remedy hereunder. or <br />otherwise afforded by applicable law, s.hall not he a waiver of or preclude the exercise of any such ri~ht or remedy, <br />The procurement af insurance or the paymenl of taxes or other liens. or charges by Lender shall not be 3- watver of Lender's <br />right to """"Iorate the maturity of the indebrednes.. ",cured by tbi. Deed of Trust. . <br />11. Rem-.dJes C.........e-. AU remedies pn,vlded m thl!ii Deed of Trust are distinct and cumulative to any other right <br />or remedy under thi, l'leed of Trust or afforded by law Qr equity. and may be exercised concurrently, independently -Of <br />suceeuiveI . <br />13, L-. and A..... 1Ioaod, Joint and Se~ra1 liability,. Capilom. The covenants and agRement. herein <br />contained shaH huld. and the rights hereunder _sh.all ,"un: w. the respective SUCCe$'WTS and assigns of lender and Borrower. <br />$ubjed: to (be provisions of paraJnpb ! 7 ht:reoL All covenants and agrt:ements of Borrower shall be joint and se-V'eral. <br />The captiom and beadings of the paragraphs ot this Deed of TrO'H ..rt' for ~on\'enience only and are not to be used to. <br />in'erpret or dell"" the proVisiON hereof <br />14. NCJtkr~ Except for any no:e-ice requucd under apphcable iav.. to he- given lH another manner. (a) any notice to <br />Borrowcc provided for in thit Deed of Trust .shaU be given by mailing such notice by certified mail addressed to Borrower at <br />the Property Add-reu or at such other address oil 9orrower may dcsignate by notk."e to Lender as provided herein, and <br />{b} any not:ia- to- Lender shall be given by certified mail. return receipt requested, to Lenckr'i address stated herein -or to <br />such other address as Lender may datgnalt: by notice 10 80fW'\flo'er a5 provided herem. Any notice provided for in - this <br />[ked of Tnw matl be dumed to have been given [0 Borrower or Lender when given in the manner designated herein. <br />If. lJoiform 0et1I of Trastf Connd~ l.aw-; StwnbHky, This form ~-,f deed OJ" trust combines uniform covt,'1lant~ for <br />national UK and non-uniform CO"lrenant1 with limited varj8uO-n~ by IUfJsdiclion to com,t!tute a uniform security instrument <br />covering real pt'opcrny. 'This- I:>eed of Trust shaH ~ govenlcd hy the law- of the il.lri~dktton in ~hich the Property ls located. <br />In the event 1hal any proviSion or ciaUle 01 fbl~ Deed of Tru!l.t or the Note confhc(~ WIth apphcable- taw, such conflict shall <br />oot affect other provBiofU- o.f th.u f>ced at Tnttl or the Note wtu-ch -::110 he gi"'~n efTect without the contlicting prov.ision. <br />and to thI! end the- prllVft-lona of the Deed of 1"rU3( and the- Note- 4r(' declared to he ,c\-'erablc. <br />16. Borrower. Copy. 80ftuwer $haH be fur",~hed :it conformed i.:Opy of tm: Note and of this lA"'C'd o( Trust 3;t the lime <br />t'}f execution or after' recordation hereof <br />11. 1i'aMferoftbe~Yt~. H liU -or llny part ol the Propc-tty I.lr an ~ntercs[ therein IS sold or transferred <br />hy Borrower without l..eoder, prior Wf*Ue'It const:n4~ \UciudlO' t;l} the c~el:ltton of a lien tlr encumbrance: subordinate, to <br />th.l!i. Deed of'Trm{. (b-) tbe ct-t'&tKm of a puretu\.u!1lO't'l-(!Y S<<'Uflt)< lHternt tor hou:s<hold apphances:. (C) it tramJer by dense. <br />dt'Jl1CeU:t ()f by operation of Ilw upon the death of 3. I01!\t tenant or I, J) fhe gunt of any ie,~hold in-1C'r~t 01 three years- or less <br />,'lOt comainins II,n option h,~ pur~h/Qlt. tern1er ma~, .1t i .cnder~!i nptiuu, declare ,jil the ~ums iecured by Ihts Deed of Trust h) be <br />lmmodtatct}. due and p8)'a.ble. Len~r s.baU h~yt: win-___"('d .s~h ~]ptjUfl to ~cl;~h;:r.te If. pnor (0 lhe !l--ale or trander. Lender <br />:.t.nd dle pef$t)fl: lQ whom 1M. Pro-perty 1:\ kl he ~jd M trltn~tt:l'f(:d rea.::h agreement Ifl Wf'Jlillg. .that the cretht nf such person <br />IS- -sat~faci01'"y to Lender .md that fM llit~tal pa)'~bk (In th<: ~um'l\ l1.\..X::urw OJ' !hi~ Deed of fruit $hatJ be at ~uch rate as <br />Lender slmtt r<<)ue51, It Lct~ hti watvt(f rbe: -dJ'Mion to loli,;c~h~r..li! pnwided in lht) paragraph 17, and ii Uorrower's suc-c~ssor <br />1ft lJltCrt:lt has ex<<ulcd a WnUC1l auumph'l,}fl a,grCCU\(:lH a..::ce.ptai lO wntJf1g by Lender, Lender ll.haJ1 relc~ Borrower from <br />aU ohUga,tionl under thiS [)oed of Trull ;ifid the NOk <br />If Lender e,l_eJ'6~ ,sm'h opuQt\ to iU;:I;.-"t'lenut., Lemkt i<ih:ilil Hhtil &rrU\fo'cr IH'ttKe of l"tccderation in accordance with <br />parastaph t4 hcrevt. Such llult-cc S.hilU prolo"id(: u r~r-tod !lJ not len_ than .-W days n"om 1he dalt-- the nohce IS. mailed within <br />whk;h BorrQWC'r OUl pay t~ iUill6 detlate>d duc_ If Bo-rf(l'\N(:f falls I,-~ pay :>uch, ~unu prh,)f 10 the expiraliQrt of Jl,uch period, <br />Lender may. without funh<< oot~ 0-1' dem.nd 00 &")ffoweL Hi\ioke any rejnedle~ r<rminw by paragraph 18 hereof. <br />NON.U~JfO.M CQ\"ENANlS BonVWCf ,uw LernJC'f tunbcr C()\'CnAnI and ag:rrt- as toHowti: <br />18. ,\('cderalioa~ RI'_~ F;:l".t:pt.. prtwWed in ,.,...,.... 11 hereof.. "poD Borrower'l brt'acb of .")" CO'fe-nartl or <br />-al'ft;dWlt-t of 8oI'wwn ia thili l~ of Tf\IIlt., indudift& the l'O\-f'nanla to pay whell dlH ao)" sunu Sf:{'ured by Ibis Deed <br />of Tl1I$I, l.ettde, prioI" to 1K','de.otlo.. man mlIiI ....tk. 10 Bom,.... .. pw"ld.d in ,..,qnoph 14 he.eof .pedfylna; (1) tho <br />bmo<:b: III ,... .._ .~ 10 ".... .ucb b..""b; Il, a dat.. ..... I... IhaR 3& day. frow lbe da'. tb. n..tic. b mailed 10 <br />~~er, bt ,"'bick MfI:ch MltlKft mu.tt be i ured; u4 (4) that huJure to rut.. titjch bna.:h on 0,. be'ort tbe date 5pt-cified <br />ltt 1M notk~ m8.)' re:AIh .. accmratJoft u-t Ilk WDJti ,""cared by this llrtd of Trust and sale or tbe Prope-rt). The notice <br />shall fuft"" i:af-onn Borro,.-e.. Q( tile' richt 10 rdft!i:bile- .hu :Ik',.tknuon and the tiQ:bl 1u brina a t'ourt action [0 asseli <br />the ~xiM4!'-IK1! uf . tklatdt ut ilD' Ol-Ilel drit"llSt'" of Borro*er Iu uHelem_ IInd ulc~ H the br~at:b Ui nul ntre-d <br />UD or .(on the: dale- ~iAed -in the noD<<. lA-neWr at l.erub:-f.s ciplion may dedsn aU uf tbe $ums H-Cureil b} 'his [)e~d <br />of Tnm. to ~ imlM'dialcl)' diN' aDd pa)-allk v.hho-ut furtber Mnumd .and mal in\'vke lbf power of sale and an) othn re-me-dirs <br />~k-G b)' apptic-ahIe "~'. 1"'-t 5h:. be (-Atided to ('4'lli<<'t aU rea.\oOnabk ~OSIfj: ~"d expt!:tif-S incurred in pursuing flu.. <br />re~ p"nirkd iA tm. _f1IlJb 1&, ioel""in&. but "'., IinJit.d to. ffibJ.nabk: allontey', f.... <br />If tbe: POW-c'f uf ,w&Ic: is ~Iu'oiu:dt TlUSt<<: Mud) r<<or-d at lWtk~ -01 dt-fault in ndi uHm.,. in which lhe ProperlJ or wme <br />part llotreof ..located """ >hall mall <t>pko of _it not;'" in tbe ""'0"" p""",ribtd by applicable la.. to Bono.... and to the <br />ot..... poDl>RO _ribtd b} appIitablo: ta... AI,..,hc laj>!o< of .u.h Ii.... ,.. _~ It< '<<lnlled by applkahl. I...., T,ust.. loball <br />111>. f'IIhIK D<lII<< of ... to 1100 _ _ I.. t'" .........or p'...:rlbtd by ..ppl....bk I.... Trust~. ..ilhool d.m....d 00 <br />....IOW"" .... sdi the.Pntpert) a1 pvI)Ik' at::K:Uon to dw higttnt bidder at the ti-rrn: ;utd phlct and under the term\. dtli2nah.'d <br />10 I.... _. '. of .. Ia Off< or _ l""".<Io """ In _ll ...do. as T....... .....y de"""l,,.. 1'.....1.. may ponpone sale of oU <br />or ""1 pared of flIe .Propcrly' '" ~ ............._... at lbe ti.... a"" pia.. 01 1U1) pre.Io...I) ""h.doled ,aI<. L...d.. 0' <br />~........ _ ~ I'" ~)" alany .., <br />L... receipt of paJ_ot of tho pritt bid, T_ ,;.ball dell... to tlk po.d....,.. 1.....'.... d,.... <,...'.ylng tlw I~"prrty <br />..... no. <<dials in tbo Tru>t<<', d<ed mall be prima f..k ."idmtt or tbe truth of the ",,"'''''''''' .....d< t.......in. .......... <br />......"'PPi.f ..... ~ of..... ... in tho MIr>...InlI.......; (OJ to all ........""bk ,'GOb Jlhd "1'<"_ or tbe ..u.. lndudillg, but <br />_ ~_~, 'r~.s -'-' of not ~r tbaa 1;; jjf l~- ()( t.bt g~ ~ pM. r~JI:lIUuabk ~t~, 's ft.'n- and costs of tU~ e-\ ideuctt; <br />'bllaall_""",rutll. dlbu....iof.fnoil'...d l<j lbe ",_. if allY. to ,It< pe......... _1<1!..lly ...titled ''''r.'o. <br />.9.. ~. Jti&ht to:lteiMt-ate. Nm\\'ifP,$lilodin$ Lt':m.1er's ft((.cietat~Q!) ",1_1 th( Jll-IW~ "'ccun:J~. by !hl<; Deed pI TrH~; <br />Borr~r ~t ~V:t l~ _ti,h-t tu hIlvt _~fiY rfocc-t:dm~1t begun by Lender to t'ot\\r-t:,e thl'!f. Deed N 1 rm,t lh'fo~nntltHiCd ..t <br />3Y U-me ptii:tI'- tu tlW \li,ari~f to tK':-c-ur _,--~rl h} the. fiflh d-i} hetuu: the ~a1e of the '~operfJ pursuant to) the powC'f of ~ak -';()f'itlHflt.'l! <br />~n thill><<-d t;-I JfU\\t (If mj c,"1)' {;J a jU.Q8-tncnt C'.nfot';;:i-ng thj(l', I>oed (";If Tt"'~J, If: la' 8oIrow~r JHi)'> t .c-fhkr ali SWil\ wht.:h wl,uh1 <br />~_ t~ ~-u~r ~hi", .t:'>ot~ -I,)f ltmu, l~ N\Jlt und: ,).vte, \e.cHnns. Future A~..<.m.:'e~. d l.iny_ ha~i HO litcdcratfl:m ~~.(urrt:',L <br />HH BorTv\lu:~r 'Wt'.l an M'C-iK,hc:l n-t .aU)' iJfner Ct"l-Vi:J\-.llt1Hi-. (it a.gr<<me-nb {~f Borrower cmHained in Uus De,,~J l\t 1 nj~t <br />{-(,f ~f~'tfl p*~'s -.f~ fC'.~"'tl.hk t'tpe-Mt'$ ""'~U--ftt:-J b~' L(-.nde-r and Trm-t.'t.t: ,If! enft:l.t\:mg t~ ~{".cniifib. I\nd agH-..cm~..nh '-'! <br />,~tO'ilt-~f {.,'OOh\~d -Itl iNs- ~ \1.[ TfU\t .lnd .m t:-nfor~-in-i t~ndel"'i ~nd Tfu~tee.to n:mcdu:;'!l ~'i, JH"i;VIJ~(t ,ll p-a!ag.r___ph IS <br />hre.~... ~~~ l;ul J'\Ot. h~itd $,.1'-. f1Nt;to~.bk ~UQt'f~'lr'~ f~~~ ~~d (If} _iktrrewCT Ul.tti ,;ui;:h acH-Ofi Ii" L":-H~l~r r~~-$,\ f<:'~H<!H!:hh <br />~:ti~ HJ ~:t fbolt dw ht.f't ~)t tbb. D-wd ttf -fnf1L'Len-Ucl'i, mtae-\-l in ~he Pl'<){~n\' :.l,('ld B-.,}n,-ll<lra'.. obhJl~tl\l!l h-. p-,i- <br />