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<br />83-005922
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<br />9. Conde1nnadoa. The proceeds of any award or claim for damages. direct or consequential, in connection with any
<br />condemnation or other taking of the Property. or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to lender.
<br />In the event of a !otaltaking of the Property, the proceeds shall be applied to the sums secured by tbis 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 agree in writing, there shall be applied to the sums secured by this Deed of Trust such proportion of the proceeds
<br />as is equal to Ihatproportion whkh 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 the balance of the proceeds
<br />paid to Borrower.
<br />If Ihe Property is abandoned by Borrower, or if, arter notice by Lender to Borrower thaI the condemnor offers 10 make
<br />an award Qr settle a claim for damages, Borrower fails to respond to Lender within 30 days - after the date such notice is
<br />mailed. lender is authorized to collect and apply the proceeds, at Lender's option, either to restoration or repair of tbe
<br />Property or to the sums secured by this Deed of Trust.
<br />Unlcs-s Lender and Borrower otherw;se agree in writing, any such application of proceeds' to principal shan not extend
<br />or postpone the due date of the monthly installments. referred to in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />to. BOrrower Not R:tleued.. Extension of the time for payment or modification of amortization of the sums secured
<br />hy this- Deed of Trust granted by Lender to any suc~es$Or in interest of Borrower shall not operate to releasej 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 amonization of the 'SUms
<br />secured by this Deed of Trost by reason of any demand made hy the original Borrower and Borrower's successors in interest.
<br />1 t~ F-orbeataJtc.e-by LmcIeT Not a 'Waiv~r. Any forbearance by Lender in exercising-any right or"rem~y hereunder, or
<br />olhelWiseafforded by appllcable law. shall nOt be a waiver of or preclude the exercise of any such nght or remedy.
<br />The procurement of insurance or the payment of taxes or other liens or charges by Lender shan not be a waiver of Lender's
<br />right to accelerate- the maturity of the indebtedness secured by this Deed of Trust.
<br />12~ Remedies Cumulative. AJI (emedje~ provided," this Deed of Trust are distinct and cumulative to any other right
<br />or remedy under this Deed of Trust or afforded hy law or equity, and may he exercised concurrently, independently or
<br />.occeuively.
<br />13. Sutt........ .nd A....... Bound; JoInl and Senl1ll Uob/lity; Captions, The covenants and agreements herein
<br />co~tai-ncd shall hind, and the rights hereunder shall inure [t). lhe respective successors and 3s.s.igns of Lender -and Borrower,
<br />subject [0 the proVisions of paragraph 17 ~reof, AU covenants and agreements o~ Borrower shatl be joint and several.
<br />The captions and headings of the paragraphs of thiS Deed of Trust are for conveOlence only and are nOt to be used 10
<br />interpret or define the provisions hereof.
<br />14-. Nodee. Except for any notJce reqmrcd under applicable law to be given In another manner. (a) any notice to
<br />Borrower provided for in this Deed of Trust s.haH be- given by mailing such notice by cenified mail addressed to Borrower at
<br />the Property Address or at such other address as Borrower may designate hy notice 10 Lender as provided herein, and
<br />'- b) any notice to lender shall be given by certified mail. return receipt requested. to Lender's address stated herein or to
<br />such other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner des1goated herein.
<br />15. Uniform Deed of Trust; C',.oYf'mma: I..aw; Severability. This form of deed of trust combines unifonn covenants for
<br />national use and no-n.uniform covenants with limited variations by JUrisei;;tion tl' constjtute a uniform security instrument
<br />cove-rine real property, This l>eed of Trust shall he gov~..-rned by rhe law of the jurisdiction in which ~he Property is located,
<br />In the event that any provision or clause of this Deed of Trust or the Note conflicts with applicable taw. such conflict shall
<br />not affect other provisions of this Deed of Trust or the: Note which can he gi'l'en etlect witham the conflicting provision,
<br />and to this end the- prQVisions of the- Deed of Trust ;,100 the Note are declared to be severable.
<br />16. 1Iorrn~ Copy. Borrower shalt be::: rurUlshed a coniormed LOP} of the Note and of this Deed of Trust .'il the time
<br />of execution or after recordation hereof.
<br />17. Transfer of the Property; A..-mption. It all or any paft of the Property or an interest therein is -sold or transferreo
<br />by Borrowet without Lender's prior written COr'i-\etlt, c_\duding (a) the creation of a lien or encumbrance subordinate to
<br />this Deed. of Trust. (h) the c-rt:ation of a purcha)c mooey security intere:!il for houschoid appliances. te) a transier by devise,
<br />descent or by operation of law upon the death of a Joml tenam or id) the grant of any leasehold interest of three years or less
<br />not conlalnina an option 10 purchtie. Lender may, at Lender\ opHon. Jcdare all the sums secured by this Deed of Trust to be
<br />immediately due and payable. Lemier ~hall have WQIYl."ti such option l-Ll accele.ute if. prior to the sale or transfer, Lender
<br />and rhe penon fo wbom the Property is to be wId or tnul:iferred fc.."h agreement in writing that the credit of such person
<br />is satisfactory to Lender and that the inierest [lU)'ablc -("to the SUIrb fJc~ureJ hy lhj~ O~d of Tru:il shalt be at such ratt:' as
<br />Lender shall ~uest. If Lender hu waivw the optiOn to ac~elerate provided in .his paragraph J 7, and if Borrower's successor
<br />in interelt has ex<<utcd a written ai$umption agreement ac\.':cpted II) \fo'f1tmg hy Lendef, Lender "hall relea~e Borrower from
<br />all obligation. under thi> De<<l of Trust and the NOIe.
<br />If Lender exercises such option to accelerate. Lender ..halt mall Borrower notice of acceleration in accordance with
<br />~ragrapb 14 hereof. Such notlce snail provide a period of ni)t IeS) than 30 days from .the date the notice is mailed within
<br />wbi.ch Bor-row-er may pay the sums dedared due_ If Borrower fails II) pa) ~uch -sums pnor to lhe expiration of such period.
<br />Lender may. w!thoot furthc-r notice or demand ,lf1 Borrower, In'i{,l..e any remedie~ permitted hy paragraph 18 hereof.
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<br />NON~UNJfORM CO\iEJroilAN1S. Borrower and Lender further ({)Venanl and agree "'~ follows.:
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<br />18. Accdentioa; RelftflUes. EXi:e-pt ti Pf"ol'kled in paracntph 17 hert'of, upon Borrowers breach of any covenant or
<br />...meRt of Borrower ia this: Deed or l'naw. indtadilll thlt cQ\--enanls to pey when due any !l'Umi s<<ure-d by this DHd
<br />of Trusl. Lend<< prioc to ""....,ralion .haII rnaiI nolk~ '0 Bon....er Ai pro.ided in patllllrapb 14 her~of specifying: (I) Ih~
<br />!trueh; (l) '1M ""Iiooa nqulred 10 c..r~ s..<h brnch; (3) a d..~. ..... 1_ lhau 30 days from Ih~ dale Ih. nolk~ is mailed 10
<br />Iono..~r. "y ...ltklo ...d. - m.... be c.......; and 141 ,Ioal lailule ,.. c..re SIKh "",och ou or belo", Ih. dol~ specified
<br />In IJoe III>Iln ....y .....ult in ac<~1eno1ion 01 the ..._ ",cured hy thi> l)oed 01 T...... and sale 01 Ih~ Property, The nolke
<br />..... lurt10er Warm Borro..er of lhe riahl to reinstal~ alter lI<ul"ollou and lhe righl 10 bring a c..nrt ""tion 10 ....rt
<br />the _-e.....""" 01 a defaull ..r ORY other dd~.... of Borro..er '0 ""rel~rallon and sale. If lhe breo<h ;. nol cured
<br />OA or WOft the dale spKilled iA lJoe DOIiee, Lend<< al Le.nder'. option m.y declare all 01 lhe sums 5<<ured by Ihis Deed
<br />of Trust to be ilDlMdiatdy due and payabk "I\'itltout further demand aQd ft18) iO\-Qk.e tbe power of sale and any other cemedies
<br />penulUed by IIp(IIkoble Ia..., l.endcr shall be entitled 10 roUert all re_noble 1'..... and ..pe..... In...rred in pUlSuing th~
<br />r~ pIOvlckd iA IhIs fUIl'OlI..... 18, its<luding, but not limited 10, re.....OlIble attoruefs f-.
<br />If the po..... of .... is la.oke.t. T.....ee shall rec..rd a notke 01 delault In e.<h <olUlly in ..ltkh Ihe Propelly or sum~
<br />P!lrt.lheftof Is lec:akd amI.sIoaII maiJ copies of SIKh notke in lhe manner pr_ribed by appli<abIe 10... 10 Borro..er and to the
<br />oIhct..- pn:orrilood by appIiaoWe I.... Aller the lapoe ..Iw<h Ii_ os may be r.qulred by opplkable Ia.., Trust.e sholl
<br />gi.. pHIlc. ~ of sale to lite pe..- ODd in the. manner prescribed by .pplieabk Ju... Trustee, ...i'......t demaud on
<br />--...... .......a !he Property .1 pu/JIle o..<lioa 10 the hie..... bidder at lhe Ii_ and pla<< and under Ih~ I.r.... deslgnaled
<br />"" the DOIiee of" la ....., ur mure par<ds aAd in .u<h order.. TlUlilee may del.r",ine. T.....I~e may poslpone sale of all
<br />or SIIU'. /!OlI'Cd of ,be l.'ntperty by pu/JIle announ<~_... at I"" 1_ and place 01 any pn:.iouoly lKbcduled sale. I,~nder..r
<br />Le......". ....... ""'1 pwt'.... ,'''' p......rty at any sale.
<br />u.u.. re<<lpl. of 1'*1- of 11M pri<"e bid. Trustee sholl delher 10 lhe p..r<....r T.....'''''.. deed <ou'.ying the Property
<br />sold. 1M re:dlIIk In 'he T_..... deed >hall he primafacle ..idea<< of lb. lruth of th~ slalemeo.. made Ih.rein. Tnllllft
<br />.....1lI!I!l.l' the JU'O<Hdo 011"" sale la I"" loIIo..hur.l!rder: (a) 10 all re_nable c..... atld ..penses of Ihe sale, including. hut
<br />..... ~.lo, lhosl",," f_ of not more lhan. '" r:g," _ ._ ,_ % ollhe 111'.... "'.., pri<<, r~asunohl. alfom~y'. f... and <osls of
<br />~~. (It) 10 aU - ...ured by I.... Deed of 'frost; and (~llbe excess. if any. 10 the penon "I' pel'lOl1O legally ~nlltled
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<br />19. ~"r"I\""'to~. NOfwttbJitandjng Lender\. acceteratHm of the ~um~ $C:(,;ured by thrs Dee.d l){ 'Jmst,
<br />BQrr~f_ _$~n ~ve the. ri,ht to baye_ ~ny f'H,x\tedif1&:Ii begun by Lender h. ellfo.rcc this Deed of Trust disconhnued at
<br />~n)": ~_priur to the- ear~,~ to OCcur ,of (I) the fifth d~y bef~'lre the ~;ile of the. Pfvperty pursUittlt to th~ power 0; s.ate cOllwined
<br />In_tbis~ofTfll'" o-rfu)~ntf)' c.f a .JlidJn1cnt c'1l(or"mg rhts Dec~ of Tn.l;st ff: (a} Bonower pars Lender aU -sum~. whkh w\)\I1d
<br />~ t~ due ~ d\Ui Dted of Truitt. the NOle and ,nofes !le(;'urlfig Future f\dv-an..;;cs, if any, hId nc..\ acce,teralton (K:('utreo;
<br />tb) 8oft~r tuftS aU D-fcacne, i)f ;lny other cov~nanh or agrc-e:menh of Bouow.:r {:~mtllined in thi~ Oce-d (}( lrusr,
<br />{~:) ...rrower ~y!. a,tl fca~nabk- e\penm inc-urr-.w hy t~mkr and TnuaitC i-n t:ttforcing the i.:(}V1.:nanl-s. an~ .agrl.:'C-f>>Cnh ;'1t'
<br />~r cantain~ in, rbi$ 0ee4_of 1'f\11.t and m enfvrt'mg Lendc-r's and TrU!>te~'~ renlCdtt:s JH. ProvlUc-d It) raraguph 11'1
<br />~t. i~ludin&~ but not,f~.ted 10. rr:.a.-..onabJ,e ~ltorttet'.,. f~,. i:lnd hi) .l)orro-wct take$' ~ud\ ai.~tlOn in l.~tHJe-r r~~a)' .tca!'il)fUlbl)
<br />f#q-turc h_'1 U.tuf-t' that I~ f\t.,n (,t{ Uu. t>eed 6t frtJ-."--t. J..A~fHler' inleteM Hi the PfQpen)' ,Uld n(~rr,owcr's ohhgatHm hI t'~}
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