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<br />83- u06121
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<br />9. Condemnation. 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 total taking of the Property, the proceeds shall he applied to the sums secured by this Deed of Trust.
<br />with the excess, if any, paid to Borrower. In the event of a partial laking of the Property, unless Bo~rower and lender
<br />otherwise agree in writing, there shall be applied to the sums secured by t~js Deed of Trust .such P!oportlo!" of the proceeds
<br />as is equal to that proportion which the amount of the sums secured by this Deed of T~st Im.medlately prior to the date of
<br />taking bears to the fair market value of the Property immediately prior to the date of lakmg, With the balance of the proceeds
<br />paid to Borrower.
<br />If the Propeny is abandoned by Borrower, or if, atcer notice by lender to Borrower that the condemnor offers to !Ra~e
<br />an award or settle ,a claim for damages, Borrower fails to rcsfXlnd to Lender within 3~ days after th~ date such .notlce IS
<br />mailed, lender is authorized to collect and apply the proceeds, at lender's option, either to restoration or repair of the
<br />Property or 10 the sums 'secured by this Deed of Trust. . ,
<br />Unless I.ender and Borrower otherwise agree in writing. any such application of proceeds to pnnclpat shaH nol 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 />~uch installments.
<br />10. Bonowf'r Not R~leased. Extension of the lim~ for payment or modification of amonization of the sums set:llfed
<br />hy this Deed of TrWiI granted by I.ender to any successor in interest of Borrower shall not operate to relea.se. in any manner,
<br />the liability of t.he original Borrower .md Borrower's su~ccssors in interest. Lender. shall n~t be Teq.U1r~ to commence
<br />proceedings against such successor or refuse to extend tlmc for payment or otherwise modify amortization of the sums
<br />secured by this Deed of Trust by reason of any demand made by the original !3orrowc.r ,and Bor~ower's successors in interest.
<br />11. Forbrarant'. by Lender Not a "'aiver, Any forbearance by Lender 10 exerclsmg any nght or remedy hereunder, or
<br />otherwise alforded by applicahle law. shall not be a waiver of or preclude the exercise of any such ri~ht or remedy.
<br />The procurement of in~urance or lhe payment of taxes or other liens or charges by lender shall not be a waiver of Lender's
<br />right to accelerate the maturity of the IIldehtedness secured by this Deed of Trust. . . . .
<br />12. Remedies Curnulariv~. All remedies provided in thiS D~ed of Tmst are dlstm~t and cumulative to any other nght
<br />Dr remedy under thl~ Deed of Trust or afforded oy I,\'W llr elJUity, and may be exerCised concurrently, independently or
<br />successively.
<br />13, Successors and Assigns Bound; Joint and Seov~raI Liability; Captions. The covenants and agreements herein
<br />contained shall hind, and the rights hereunder .-.hall inure to. lhe respective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headings of the paragraphs of this Deed of Trust are for convenience only and are not to be used to
<br />inlerpret or define tbe pro\'isions hereof.
<br />14. Notic~, Except for any nouce reqUired under apphcable law 10 be given In anolher manner, (a) any notice to
<br />Borrower prOVided for in this Deed ot Trusl shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Properly Address or at such other address ;IS Borrower may designate hy notice to Lender as provided herein, and
<br />(b) any notil.:c to Lender !lohall he given hy cerlified mad, return receipt requested, to Lender's address stated herein or to
<br />such other address as Lender may designate by nohce to Borrower as provided herein, Any notice provided for in this
<br />Deed of Trust shall he deemed 10 have heen given to Borrower or l.ender when given in the manner designated herein
<br />IS. Uniform ilud of Trust; Goy~tninK La,,'; Se~uability. I'hl\ form of deed of Irust combines uniform covenants for
<br />n:Itional use and non.uniform covenants with limited vanatlons hy jurisdiction to constitute a uniform security instrument
<br />covering real property This Deed of Trust shall he ~o\'crncd hy Ih~ law of the Jurisdiction in which the Property is located.
<br />In lhe event that any pro\'I~H.)o or daus\.' of thl~ Deed 01 Tru~t t.'r the Note I.:onflicls with applicable law, such conniel shall
<br />nQt atIect t.uher pro\'lsiom~ of this Deed of Trust or lhe Note which can he given dfect without the conflicting provision,
<br />and to Ihl~ end the prOVIsions of the Dc\.-tl or TruM and Ihl.: Note are declared to be severable.
<br />16. Borrower'" Copy. Borrower shail be (urOished a conformed copy of the Note and of this Deed of Trust ,11 the time
<br />of execution or after recordauon hereof
<br />17. Transf~1' of the Property; A.umption. II allllf any pari of the Properly or an interest therein is sold or transferred
<br />hy Borrower without Lcnder'~ prior wnllen \,:Qn~enf, exl'lwJlllg I ~l) the creal ion of a lien or encumbrance subordinate to
<br />Ihi$ Deed of Trust, {h} the creation of a purcha~c nwne)' sCi..:unty inler~l for household appliances. te) a Iransfer by devise,
<br />dcscem or by operation of Jaw upon the death of a JOint lenant or (d) the grant or any leasehold interest of three years or less
<br />nol containing an option to purchase. Lender may, ;H Lcndcr's option, declare all the sums secured by Ihis Deed of Trust to be
<br />immediately due and payable. Leoda shall have ....-alvcd such option to accelerate if, prior to the sale or transfer. Lender
<br />~nd the pl'rslHl 10 whom che Property IS tl) he ~uld l~r tr;m,fcllcd reach agreement In writing thai the credit of such person
<br />IS sattsfactory to Lender and rh;tl the I,nleresl payahk on the sums ~ccurcd by this Deed of Trust shall be at such rale as
<br />Le~der shall requeS-l. If lendei" has walv~ the Opl/l..ln to acct'leralc. provided in this paragraph 17, and if Borrower's successor
<br />lit mle-rest has c,.,ecuted_3 wrillen assumption agrrtlllcnt ai.:cepted III Writing hv Lender, Lender shall release Borrower from
<br />all obligations under Ihl!!. Deed of Trusl and the Not~. .
<br />If Lender exercises su<.:n option to accelerate. 1.ender !ohall mail Borrower notice of acceleration in accordance with
<br />paragraph 14 hereof. Such nouce shall provuJe a pert\.1t.I ot not Ic~ than 30 days from the date the nottee is mailed within
<br />whkh Borrower may pay lhe sums declared due. If Borrower filils to pay such sums prior 10 the ex.piration of such period,
<br />lender may, wilhout further notice or demand t)n Borro~.er, in'loke any remedies permitted bj paragraph 18 hereof.
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<br />NON~lJNlfORM COVENANTS. Borrower and Lender turther cO'w'cnant and agree as follows;
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<br />18. Acceleratioa; R~medies. Except as prowidtod in patag.raph 17 hereof. upon Borrower's bftKb of any covelUUll or
<br />acnelRent of Borrower in this Deed of Trust. InclUding the covenants to pay when due any sums S<<'ured by this Deed
<br />of TruoI. t."nd.r prior 10 "".......ration shall mail DOlic. 10 Bonow.r as provlftd in panllnoph 14 henof .""cifyinc: (I) the
<br />breach; (Zllh. action r"'lolRd to cur" .uch ""'8<h; (3) a dat., not 1_ lhan 30 day. from I.... dat" I.... noli<< Is nWkd 10
<br />Bono".r. by ..hich .uch ""'ach mus1 ho curod; and (41 lhal fallur. to cur" SIKh breach on or before th" date .""cilled
<br />in lbe notic. ma) resutl in acceteration of 1M sums ..,cured by Ibis Ilffd of T...... ud sole of tbe P....,.,rty. The notice
<br />shaD further inform Borro.... of I"" ri&ht 10 _at" afl.r "".......nlioo and I.... ....hI 10 briDe . court IIdIon to _rt
<br />I.... no....,x\st.,"". of a ""f.alt or any oIber ""f._ of Borro...r to acceleration aDd sale. If lbe breach is nol cuRd
<br />on or hofo"" lbe dale _ilied In I"" notic., under at und"r's oplion may declare all of lIMo .ums secaRd by this DHd
<br />of Tru.llo be Im_lalely due and payabJ., wilhoal fnrtber d.maml and may in.... lIMo pow"r of sole and uy oll.er remedies
<br />""nnllted by .pplicabJ., I..., Le......r shalt ho .nlilled 10 cotleel all r.-nahIe costs ud ex",,_ iacllned io plllSllllll I....
<br />re_ies provlftd in lhis paraanplt 18, i""I~. ....1 not limited to. reasonahle _1'. f-.
<br />If the- powr:r of ~Ie is in.'oked, Trust<< shall n-c0l'd a notke of defauU in eadI county in whicb the Prot-rty or some
<br />pari thereof is 1o<.led and .haIl mail copies of such nolice io I.... mann.. prescribed by applkable .... 10 Borro..er ad 10 Ihe
<br />olher """"ns prucribed by apptkaltIe ...., Aft.. I"" iapse of such lime as may be reqalRd by applkable ..... T......... shalt
<br />~iYr, pablil' notice of gk to the ~J'SOIIS and in the manorr pre-scribed hy appIkabIe: law, Trustee, without delDUd on
<br />Borro....r. shalt ..iilhe Pro""rty 1lI public auelion 10 lbe bighest bidder at l""lime and piace ud under the lerms deslaaated
<br />ill tile notice of sale in one or IROn: parct.ls and in 5u&:'h order as Trustee may determiae. TI'U5Iee may poatpoae aaIe of aI.
<br />or any parcet of ..... Property by publk altDOU_meol at the lime and pia<< 'Of any pre.lo....y scheduled...... Lender or
<br />knder'. t/nianft may pun:_ lIMo Pro!,"rty al any sak.
<br />IIpon ",nip! of payment of the pnee bid, Trust... shall deli... 10 the purchaser Truslu's deed convoying tbe Pro""rty
<br />sohI, TIM;....itals in I"" Tnast...'. deed shalt ho prima fade ..iden.... of lhe lrulb of I"" slalemeals made .....rein. Trustee
<br />..... apply the proceeds of lIMo ..... In t"" folio...... order: (a) 10 alt reasonable costs and u",,_ of t.... ....., iIKludlna, bul
<br />IIOIllntIIetIlo, T.......,.'. fees of DOl mar. than 5.0 % of I"" gr.... .... pric., re_ble at.orney'. fea and cosls of
<br />~hIe_; (b) to a11lulIIS secuRdlty lblII Deed of T......; ami (c) .he uc.... If any. '0 lhe ""rson or ""nollS teaally enlllled
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<br />19. ........._r.. Rlgltllo Reiosl.... NOlwith.tanding I.ender'. acceleration of lhe sums secured by this Deed of Trust.
<br />Bor~-t' s~.tJ have the. right to have itny procet:dings begun by Lender to enfon:e this r.lei:d of Tnl~t discontinued at
<br />~ny. ~.me prIOr to the earl_ter to occur .of (I} the tifth da)' be-f?fC the !lale of th~ Propeny pursuant to the power of sale contained
<br />tfl th.sllecd of TrU-lt or (If) entry of a judgment enfon:mg thiS Deed of Trusl If: (a) Borrower pays lender aU s.ums which would
<br />be then due under thiS Deed of Trwtt~ the Note and notes se-cunng Future Ado,;ances. If any~ had no acceleration occurred;
<br />(n) Borrower cure~ aU breache. of any ~~ther ,ovenants or ..gree-me:nts of Borrower contained in this Deed of 'frusl:
<br />h:) Borrower pI;}\- it)! iea.~nah-le e\pen\C\ mtu~n:d hJ L,el\der and Trll.ltec in enforcing 1he covenants and agreements ...,f
<br />BorrQw!r "con~illOeu to ftH~ t?eed of Tr\l.~t and 10 .rnfo(1;mg Lender.os dnd Trulitee's remedies .ilS pn.wided in paragraph 18
<br />hc::reof. t,!,.fudm., hut n(it hft}J(cd to, ,~e<l\omlbk ~UOTnC:Y'$ fc-c~. l;u~d Id) Uonvwcr lakes- SttCh action as Lc-nQer may n:awnabJ}
<br />rcqUtff:: to asWfC thlll the hC:lI of thn D<<d of fruM. Lendt-r'~ mtefest tn the Prope11Y and BotTO\trer'" obli.ation to pOl}'
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