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<br />83- 006552
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<br />9. Condemaadon. The proceeds ot any award or claim for damages. direct or consequential. in connection with any
<br />condemnation or other taking of the Property. or part lhereof, or for conveyance in lieu of condemnation. are hereby assigned
<br />andsball be paid to Lender.
<br />In the event of a total taking 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 Bo~rower and."Lender
<br />otherwise agree in writing. there sball be applied 10 the sums secured by this Deed of Trust such proportIon of theprocee<is
<br />as is equal to that proportion which the amount of the sums secured by this Deed of Trust immediately prior to the date of
<br />laking bears to the fair market value of the Property immediately prior to the date of taking. with tbe balance of tbe proceeds
<br />paid. to Borrower.
<br />If tbe Property i. abandoned by Borrower. or if, after nOlice by Lender to Borrower that the condemnor offers t".make
<br />an award or settle a claim for damages, Borrower fails to respond to- Lender within 30 days after the, date- such; notice is
<br />",ailed, Lender is. authorized 10 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 Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shaH not- ex:'tend
<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 il15tallmenlS.
<br />1.... Borrower Nor RdeasecI. Extension of the time for payment or modification of- amortiza,tion of the sums- secured
<br />by -this-Deed-oC Trust granted by Lender to any successor in interest -of Borrower shall not operate to rel~e. in any manner,
<br />~he liability of the original Borrower and Borrower's successors in interest. Lender. shall n~t be req.Ulr<<:d to commence
<br />proceedings against such successor or refuse to extend time for payment or otherwIse modify amortization of the :surns
<br />secured by this Deed of Trust by reason of any demand made by the original Borrower and Borrower's successors in interest~
<br />II. Forl>oanutn by Le_r Not a Waiv.... Any forbearance by Lender in exercising any right or remedy hereunder. or
<br />otherwise affoTded by applicable law. shall not be a waiver of or preclude the exercise of any such ri~bt or remed~,
<br />The procurement of insurance or the- payment of taxes or other liens or charges by Lender shan not be a watver of Lender s
<br />right to accelerate the maturity of the indebtedness .secured by this Deed cf Trust, . ,
<br />1%4 Reaaedies CulllUlative. AU remedies provlded in this De-ed of Trost are distinct and cumulutive to any other right
<br />or remedy under this. Deed o-f Trust Of afforded by law or equity. .and may be exercised concurrently, independently -or
<br />suecessilleJy.
<br />13. ~ _ A...... Bound; Joint lOOI! Sevoral Uablllty; Captions. The covenants and agreements herein
<br />contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender and-Borrower,
<br />$ubject 10 the provisions of paragraph !7 hereot. All covenants and agreements of Borrower shall be joint and several.
<br />The captions and headiogs- of the paragraphs of this C.:.ed of Trust are for convenience only and are not to be used to
<br />interpret or define the provisions hereof.
<br />14. Notke~ Except for any notice reqUired under applicable law to he given in another manner, fa) any notice to
<br />Borrower provided for in this Deed of Trust shaH be given by matling such notice by certified mail addressed to Borrower at
<br />the- Property Address or at such other address as Borrower may designate hy notice to Lender as provided herein, and
<br />{b) any notice to Lender shaU be given by certified mail. return receipt requested. to lender's address stated herein or to
<br />such other address as Lender may designale by notice to Borrower as provided herein. Any notice provided for in this
<br />Deed of Trust shall be deemed to ha".... been given 10 Borrowcr or Lender when given in the manner designated herein.
<br />15. Unifonn Deecl of TI'U5t; Goftmu.a l..aw; Severability. This form of deed of trust combines uniform covenants for
<br />national use and non-uniform covenants WIth limited variations by jurisdiction to constitute a uniform s.ecurity instrument
<br />coverina real propc'ny. This Deed of Trust shall he governed by [he- law of the jurisdic.tion in which the Property is located.
<br />In lhe- event that .any provision or clause of this Deed 01 Trust ('Ir the Note conflicts With a~plicable law, such conflict shall
<br />nOf affect other provis-jons of this Deed of l~rust or the Note which can he given effect Without the conflicting provision.
<br />and to tM -end the provisiOD$ of the Deed uf Trust and the Note are declared to be:: severable.
<br />16.. Borrower., C.opy. Borrower s-hall be turmshed a l.:ontormed (:opY oj' the Note and of this Deed of Trust at (he time
<br />of e-xecution or after recordation hereof.
<br />17. Tnasfer of the Property; AMumpdon.. If all or any part of the Property or an imerest therein is. sold or transferred
<br />by Borrower without Lender's prior written con~nt, ndudin$, 1 a j the c~eation of a lien or encumbrance SU~'1rdi.nale to
<br />this Deed of Trust~ (b) the crt'-ation of a purchMe money secunty mterest for household appliances, (c) a transfei devise.
<br />descent or by operation of law upon the death of a Joint lenant or (d) the grant of ilOY leasehold interest of three y~.trs or less
<br />not containing an option to purchase, L(.ldc:r may, at '<ender's option. declare 'lit the ~um3 secured hy this Deed Df Trust to be
<br />immediately due and payable. Lender shall ha1/c waived such option to accelera!e if. pnor to the sale (\r transfer, Lender
<br />and the person to whom lhe Property is to ~ ~old or transferred reach agreement 10 writing that the credit of such person
<br />is sati-sfactOl1' to Lender "\nd dUd the interest payable on tnc sums ~lX'ured by this Deed of 'Trust shall be at such rate as
<br />Lender shall request. If lender has waived tbe: option to accelerate provided in this paragraph 17, and if Borrower's successor
<br />In interest has exccut-ed a written usumptitm agreement accepted in Writing hy Lender, Lender shall release Borrower from
<br />all oblipt.ions under this Deed of TfU$t and the Note
<br />If Lender exercises such option to aCt.-c-lerate, Lender shall mail >>orwwer notice of acceleration In accordance with
<br />pualfapft 14 hen:ot. Such notice shall prOVide a peTlod of nnl k!js than ,to days from the date the notice is mailed within
<br />which B()now~r may pay the: sums declared due. If Borrower fatls. to pay soch sums pf_ior to the expiration of such period,
<br />Lemler may. without further noti<< or demand -1..'0 Borrower, Invoke any remedies permiued by paragraph IS hereof.
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<br />NON~UNIt'OllM CO\iEN4NTS, Borrower anf.l Lender turther covenant and agree as. follows:
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<br />II. A...ndoD; Re..odIa. Ex..pt as pro.id<d In parllflraph l7 m-"",f. upon Bon'o".r'. breach of any cov.nant or
<br />lIfI--t of Bono_r iu tltil DeflI of Trust. iflcludlua .h. ''G'.n....ts to pay wm-n due any sums ...ured by this Deed
<br />of T..-. J...-.. prior to ....wnotloo shall _ notice 10 Borro..... as provid<d in ""....rapb 14 hereof s....ifylng: (11th.
<br />bntodr, (I) lhe IlCIloa requlnd to ...... ....h Imach, (3) a dat., not less lhan 30 days lrom .h. date Ih. notlc. is mailed Iv
<br />ae....-. by which .uch breKh m.... ... cured: aDd (4) thai failure 10 cure such bre..h on or "'Ior. the date .....U1e<1
<br />in the _ice ....., _ in Il<<derntion of lhe sums .....uM by .his Deed of Trust aDd sale uf the Propert)'. Th. noti..
<br />..... f_ ~ Bono..... of the ricftt to reinstate after acceleralion aDd Ih. riIIh. to bring a court aclion to _rt
<br />the _........ of a default or an, other def_ 01 Borrow.. 10 .c....ration and sale, If the hreach Is not .ured
<br />011 or ...... the tble spedIiH in IIoe _. te_ .t J...-..'s option may declare all 01 Ih. sums secured by this Deed
<br />of T... to he ~" due ud payable without further d.....nd aDd ma)' invuke the pow.r 01 sale .nd ....y oth.r r.me<lies
<br />penaifteol by ~ law. J...-.. shall be entitled to rollttl aU reasonabIe "ost. and npe..... In.urred In pursuing Ih.
<br />.......... _Wed 100 tbis plItlII&I1lpb II. i-inc. ..... not limited tn. reasonable aUnru.y's t....
<br />:..u:.r- of sale is inwoked, Trustee shall rKord a notic. of def.ull in e""h county in which the Property or some
<br />part is ~ ..II..... _ eopln of such _ in thr _r pr....ribe4 by -"cable law '0 Borrower and to tm-
<br />-...-............" "PPll<aIlIe law. After the""'" of sueh li_ as may ... re<JUired by applic_ law, T........ shall
<br />alw ........ uotite of _ to the _ _ in the mann,,, .......ribed by applicable law. Truslee. without demaud on
<br />ae....-.......... the I'roperty .t ptrWie ...tion to the hiehesl bidder al the time and plac. aDd under the t.rms design.'ed
<br />ita the ...... of _ 100 _ or _ __ _ iu .uch order as T"""ee may d.t.rlUiue. Truatee m.y p...tpone sale of aU
<br />or .., ,...,.. of the Pnaperty by plllolk __ at the time aDd pl... of oy pr..ioosIy scheduled sale. tender or
<br />l..enIIer"........... _~ lhe Profert! al auy _.
<br />up. ncelpI of pay_ of lhe pne. hid. T..-ee ..aU del;.er 10 the pureh....r lrustee's deed c""'.ying the Property
<br />..... T1te rodhik itt the T........'$ deed ..... he prima f""je .,id_ of the truth of the stal._ts made therein, Trusl..
<br />........., llIe ........... of the .. itt t...rollo"",1>rder: (al to aU re~ e..... and .xpe_ of the sale. Indudina. bul
<br />......... to, ~.s f_of_ _......__,_, c.._._ __. ~ of !b.II""",..ie pric., reuoaable a1lorney'. f... aDd .00ts of
<br />:..... ~ (It) to" - _ured It" this Deecl of Trost; .Dd IC) the ....... If any, 10 110. _ or pe........ Ierlally .nthied
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<br />I'... ,~. R..... to ~4 Notvnths-lamhng Leo-der"s. acccleratitlO of the SU~\'i secured by this Deed of Tru!>f,
<br />Borrower ~I have the_ naht to have: Any prtX."cedm'$ beaun by Lender to enforce thlll Deed of Trwu diM.'ontJUueQ at
<br />~y tJme: pfJor tQ the earlier to (~ur of (I) tbe fifth day before tht" sale of the Property pursuant lO the power ~Jf sale conlamed
<br />Ul" Dcied(J( TfUIt ':"' hiJ cony of a jUdpCR( enforcin. thi!J I:lcc:d Qf TrUll it: (a) Borrower pays Ltnder all $.ums which wmdd
<br />be- t~-due unckf _lh-_ii _Deed- of Trust, the Nute and UOl~ 5<"cunna FutuR: A.dllancey, It' any, had no ltcccleulIon lx;Ci~rrt."IL
<br />(bj ~Qwet .(UfU, aft b~tw... of any other CQ'o"(':Ollllts Of l1Ifit-e.n1:COf", of Sonown cHtHaiaed In thiS (~ of Tw\.t:
<br />(q Botto...- p*:-" a~ r~bfe t'PCAU~ Im:lt~rttd by Lender and Tro\te:e in enfo-fc"ml! the c....Wenanb and -iiRre~mem.... ,,\j
<br />1kJr~ i,.~ m <<t>>. ~ of Tru.tlnd lit ellie-rem. Lender',! and TrLi-st<<'s remedies R!\o pn.\\'idcd In i'hU3.gf'i.iph 19
<br />het..~..t H$'-~,but nac hmned t'fii. rt....mI;b!e- idlOffie:Y" f",,; ~tnd hh Botrowcr takE'::$. ~uch at;:1um Ii:) Lender Jl.lay rea.,l,:mabh
<br />~ ~) ~ t". the: hcn 01 Ihit- 0tNtd c( Tr-ust Lender's mlf'-te... ilt lhe Propeny iA-f'Id B-oHn~-r'~ IJt'lltgalll.)O [0 -r:tV
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