|
<br />r
<br />
<br />I
<br />. 8f:...~ 83- OfJ4387
<br />9. CondeInaatlon. 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 pan thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of . tot.l t.king of ,be Property, the proceeds sh.1I be .pplied to the sums secured by 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 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 that proportion which the amount of the sums secured hy 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 rhe balance of the proceeds
<br />paid to Borrower. .
<br />If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borro\\-"er fails 10 respond to Lender within 30 days after the date such notice is
<br />mailed, Lender is uuthoriled to- collect and apply the proceeds, at lender's option. either to restoration or repair of the
<br />Property or to the sum. secured by this Deed of Trust.
<br />Unless Lender and Borrower otherwise agree in wriling. any such application of proceeds to principal shall nM extend
<br />or postpone the due date of the monthly installments referred 10 in paragraphs I and 2 hereof or change the amount of
<br />such installments.
<br />184 Borrower Not He-lased. Extension of the time for payment or modification of amortization of the s.ums secured
<br />hy this Deed of Trust granted hy lender to any successor in interest of Borrower shall not operate to release, in any manner.
<br />the liability of the Qriginal Borrower and Borrower's successors in inlerest. Lender shall not be required to commence
<br />proceedings agatnst such successor or refuse to extend time for payment or otherwise modify amortization of the sums-
<br />!.Ccured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest.
<br />11. fi'ot'be-anmce by l...eodel' Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable Jaw, shan not he ;1 waiver of or preclude the exercise of any such Ti~ht nr remedy
<br />The procurement of ins.urance or the payment of tax.es. or other liens or charges by Lender shall not be a waiver of l.ender's
<br />right to accelerate the marurity of the indebtedne.~ ~ecu~ed by lhis Deed of Trust . . .
<br />11.. RetIIedIfl C"lftvJatiVf'. All remedies proVIded In thii Deed of Trust are ,1lstlDet and cumulative ro any other right
<br />or remedy under this Deed of Trust or afforded hy iaw or equilY, and may be exercised concurrently. independently or
<br />successively.
<br />13. Sftceaon and Assiga Bound; Joint and ~nal UabiJUy; Captions. The covenants ~nd agreements herein
<br />contained snaH bind. and the rights hereunder ,-;hall inure w, !he respective ~uccessors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof :\11 c..wenants and agreements of Borrower shall be Joint and several.
<br />The captions and headings of tbe paragraphs (}( thIS Deed of Trust are for convenience only and are not to be used to
<br />interpret or define the proVisions hereof.
<br />1.~ Notke-4 Except for any notK"e reqUIred under apphcable 1.lw l0 he given 10 another manner. (a) any notice to
<br />Borrower provided for in this Deed of Trust shall be gIver. hy l1l3ih!lg s.uch notice by certified mail addressed to Borrower at
<br />the- Property Addren. or at such other address as Borrower may designate hy notice [0 Lender as provided herein. :Ind
<br />{b} any notice to Lender sbaU be given by certified mail, return receipt requested. [0 Lender's address stated herein or to
<br />'iuch other addres,..\ as Lender may desigmue by notice to Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust shall be deemed to have been given [0 Borrower ,-)r l.ender when given in the manner designated herein
<br />15. UnifG1'Dt Deed of Tnas.t; (;enndng Law; Se-v-erability, This form of deed of trust ct.)mbines umform covenants for
<br />nabOrull use and non~uniform co\,enants With limned van.Hion~ by lunsdlCtlOn to constitute a uniform security instrument
<br />coY~ri:ng real prO~I1-y This Deed of Trust shall he go\'cTncd hy the.law of the funsdiclion In which the Property is located.
<br />In lhe event that any prOY~ton or clause of Ihi, Deed of Tru.!r.t or the Note conflh..'Js w.ith applicable law, such conflict s.hall
<br />rtOt affect other provisions of thi;\ Deed flf Trust or the Note which can he given effect without the clmtlicting provision.
<br />and 10 this end the provwons 01 the Deed: Of Tnnt ;ind the ~(HC are dedarcd 10 he severable.
<br />16-. Borrower'. Copy... Borrower shall be tlJtnL~hed ;t "."<i.mh1rmt'd ..:npy of the Note and of this Deed of Trust at the time
<br />d execution 'Qi' .fter recofllatl9n hereof
<br />17. Tr-.fer of lbe Property; AtSUmption. It 311 ~\t ,:In)' pan {\( the Pwpcn\' i:,1r an inl(~rc5t thert-:m is sold or transferred
<br />hy Borrower without Lender's prIOr wntten (onsent, C'\ciudmg I <t l the ncatlOn 01 :J lieu or encumbrance :mbordinate. to
<br />this fleed of Trust. {b) the ereatron oj ;1 purchase money \C;':Ufll~' lntcre!il tor hou,ehold appl1anc-es, (c) a tnmsfer by deVIse,
<br />descent or b}O operauon (If iaw upon the death oi 1.1. JIlin! tt:nant or I J ,I the ~rant ot any lca~hold interest of three years or le:-;s
<br />oot containrng an Option IQ purchase. Lender mot):. --It 1 t:nuer \ OpIWIl. Jcdare ;dl the iun1s secured bY thl$ Deed of Tru~t to be
<br />immediately due: and payable. l.ender '!oh:tll have w.tlved ~uch option It) accd~rate IL prior to the sale or transfer, Lender
<br />and the ptfiOn to whom the .Propert)' l~:n tw: ::O-I.)IJ l..'r If.l.fl-.'>fefle'd feach agreerncm It\ wflting th,,~ Ihe dedit of su..:h person
<br />t$ ~..tist'ilctor)' tiJ 1 coder and that the lIHert:'\t pa)'aHe l'O the ",-un... \-\,,'\..'lm:.d hv IhlS Deed ot Tru.st !ihall lx~ at sHr.:h ralc a~
<br />lxnder Ulan request. H Lt':nder has: \4'~UVeu the option IP ~~...:.:deratc pW\'tJ(':j in thts paragraph 17, and if Rorrower's successor
<br />fft mternl has CX~--Uled :i wnHen A>>Ump1tVn ..lgfttrncnl d.:CI:PlcU III wnllll-R hy Lender, Lender ~hall release Borrower {rom
<br />aU obligations Wbit:f thh. DeeJ of Trust a.nd the NOle.
<br />I( Lender cxerd~ such option to <i:C\2\.'leralt'. I cndcr ~haH mati Borrower ooilce of acceleration Hi ;u;cordance with
<br />paragraph 14 hereof. -Such nOllce ~hali prolo'H.;k a peru...xi l~r nut lc~':o. tha.n 30 days. trom the date the lIolicc is mailed wilhm
<br />whICh Horrower ma}' f'J'Y the ~unlS dt.."\:lan:--J du('. If RonOVicr f.l!h It.l pa) '\u;.;h. !oums pr.lor to the e.\piration of such period,
<br />Ltnder may, wuht""lUi further ~10{1l."e ..1f demand 1m Horn.}"".-t~f, 'nv~)kc an~ remedlcs permuted hy paragraph 18 hereof
<br />NON~UNIH.lfit.M CO"t:NI\NfS ftorW",'Cf ,mJ l_C'ndeT further ~nv(:nanl <:1l\U agree as j'ullows.:
<br />J 8. A('('~; R~medih... t:xcr-pt as pro"ided in plllratrap-h 17 hf'rnlf, upon Borrowers. b....acb of Any <,oveoanl or
<br />aglft'fllC'nl 01 Borro..e-r In .his IlHd or TruM. indudin& th~ co"enanb to pal wMn due an)! sums ~t:Ured by this Deed
<br />of TfWjl, l...c-n.r prior to uCfleraUon WtalJ mail notk-e '(l BOnOWttl il~ pWl'ided in paragraph 14 ht"ffof spc-cifyiPg: (1) ttl,
<br />bt-e_h; (2) the lK'ioft Ft"qUIred lu ,"'U" such bftlk:b; (3. a dale. not less than 30 days Froo. ,he- date: Che notkc: is maiJed '0
<br />Bono_eF. by -hieh ~U{"b bnK'h must be ,Wfl!4 and (4) that f.Uure 10 l:ure stKh breach on or before tbe date specified
<br />in tlae ftOtitot me)' mull in An..'deralion. of tbe sum. ,ecurN b) Ihis llftd of Trust and W~ of the Property. The notice
<br />!iibaU (am., inform BOnOl'tC'f of 1M riah' lu n--insta1e after at:celeration aDd the rilil. to bring a court a....'tioD '0 IISSert
<br />the ~Ki...."'elK't of a default Of aH~' ut:hec ckf'tllM of BOTluWU 10 acct'"!(>ration and sale. If the- brea.:b is not CUM
<br />U8 01" beton the date ~~ified in the ~il""e. Lender at I....e-ndtr'!t option nla)' dedliUt' all of the sums secured b}' this Dftd
<br />gf '(111M to be- ilhftWiliatdy dft and payitblt- ~itbout furtbt'f dtmand and mal in~oke the power of sale and an)' other remedies
<br />permittM by appIKabIe: law. It"tuk.. shal. be t'fltitle-d to (."-oll<<t aU rea!lunable (:O!iit~ and t'xpt"mes incurred in pursuing, the
<br />rc-media PfO\ided in Ihis ~qph 18, indaNiinc.. but: noi limhed tu. r-r&$Onable attorney's f~
<br />If ,he- PO"'" of saaIe k- io,,'oked. Trust~ ~halI f'<<ord a nutice of Mault in each county in whkh the Property or some
<br />part tht:ftOf is located aad shall mail ~ of s\K.'h noder in tbe manlK'l" prescribtod by applkabk law to BOl'fo.wer and to the
<br />Ofkr _ p"""rilJo<l by appIkabIe _. Aile< Ih. 1_ of such time as may be required by applicabl. law, 'frust<< shall
<br />live PI'I>Ik JJOllc<> of sak <<> lhe penon_ and in the ma.....r pft">Cribed by appikable law. Tr....ee, without d.numd on
<br />Borrower, <haII...lI the Property al public au<liun 10 the hillhlst bidder at Ih. .imo and plac.., and uud.. the I...... designated
<br />i. the 1Wtke- of .sale: ift OR ~ more pal4;-ek and. in SIKh order as Trustt'e ala) detNlum-e. Trustee may Pfitpone- s.ak of all
<br />Ul .)' pau~ oj the- rl'Opt:rt)"' b,. puniic aBlIOun"rment at lhe- time and pta~c of any prevtousiy wnrduied saie. i.e-ndet Of
<br />lA-DIlcr's dooipot may put<_ .he Property al any""'.
<br />lJpoa ~C!i.pI. of pa)'l1Ient of the- prieto bid~ Trulilee shall deliU~1 10 the pun:-bil.\er Trus.ee'l' d<<d cOD\'eying tbe! P10puiy
<br />sokL T1M: I'<<"kaII: ia tM Tl"'Witer":s dec-d...... be prima fade t'\:'id~n('t' of the: truth of the ~'atemenl!S made tlK-rein. Tru.\tcoe
<br />... ...., tile pnK~ of 1M ~ak io the- followif\2 order: (a) h) .U fe*SORabk COS!S and expea..'lteS of 'he sak.. induding~ bUI
<br />M! ~ed-"u~ Tl'"'UIitffs fftS of nut IJt('tff lhan_ __l.;,_4Q"" '" "(\ of th~ gn:;.ss sale pfl('e~ re-llSOAabJf:' aU()~)"'~ f~ and ('osu of
<br />tide ..yide....; (hi to'" Maim s<<.um by thhi Deflt of 'l'nlS-t; and (\") the ~:c.c~. if any, lu the penon or pe-nons IqaU,. entiUtd
<br />...........
<br />".. ~.,... a.lIt t-u b,-_.. Notwtthj,t.;,mding l.cnJer\. ar.:-;:ekrathJH 01 the Slim':.- :s.e\""I.ln.~d by Ihl~ Ot.~d oi ~rru'1ot,
<br />&i;;f-r~Cf i.h:aH hAY,:. the. right to h.\'(" .~-Hry pnK.'ceJjng~ oogun b" f.l:nili:r 10 i;!lfon.:e this. (x.~J i)! TrW~1 ill'o,;.,xmtllHlcJ a!
<br />~nr .~mK: ptn.}f' ~o t.he e..rilicf HJ (X;;.:I1[ t'1f lIJ the fifth Jay l1d~)ft.' the \-<\~C .:If the .Pn~pcrty fHH"\UMH tn the ~'X)\\l.:r \Jt .,.,a.le \,"i..HlI.HIH..d
<br />~nttut.~:dol friolS{ or W) c~try ~.j"!:Il )ud;me.m .cnfoh;:/Ht thh Deed Of l'rus.t 11: {~tj Borrower par" I t;fHJ~f ,ff; ..um.. Whli:h w~mld
<br />?r' Jfflm dur:- ttnd.e:r du,~ .P<<.d of hU~I." the- ~v~e: .::md nQte.~ ~(:ur;ng future Ad"~l'"K~."', d iiHY, h<ld fill .h:....d~I,Hlon (l~'..__1.lrrt:J;
<br />f.,J 8:Qrt.t';v.~-er +:U-!t\ ...U bf\:...'tK:.S \)f ;,u., F!I1C( (.~~"'tfl~nh- ()I" ~tgi'Ccmenh: of Hnnt)\\'-cr ~'MHaHtl'J ill tfu" nl~eloJ d t rw,t.
<br />(~} ,SoU~.(T pa)'~_ aU fC...~)fhlbk~ t:"'\pen~~ m\"Ufre'\.~ by J t<tu.kr otnd TW;l-e~" in .:;nh-roflg th~ >':')~.\':I1~nt~ Mi:.d ,1gt'ccllitnh 01
<br />&n.r"*~'f .;~,l-~t"itlC4 it) nH~ ~ ~~f Tru.si olrKl Ul UnrnfCUi~ L(".fi~-f\, ~nd ~.m,\t~~t'<"- refH.;dl<:,\ ,l'\ jHU\'h.lcd 10 p.tLlg'liJ..ph 18
<br />M;I'~I..aK:ktdfitl:.. bu~ nvt t,nHh..~ {P'_,. -r~awnabk <.itt;."rm:~)"t. ke-<;.; <HlU i-dt UotfVWt'.f tal\''\ ':llLh <.1'C&l(Jn J-'.; L~<IH.kf !"l1J:Y lca:-nlhlhl\
<br />rcqu;1"~ h'l- .1t'l1wr~. tl1.t Hw I<<.<H ;}! Hut., ~d ..~f Tn.\!, Ll.'nuet''! m!..:r~,l lfl th~ PftJpen~ .Jfld R~)fn.n...c(" nhhgal},}11 (d pa}
<br />
<br />L
<br />
|