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<br />83- ij06595
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<br />9. COlIdemnation. 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 .hall be paid to under.
<br />In the .v.nt of a totallalting of the Property, Ihe 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 taking of the Property, unless Borrower and Lender
<br />otherwise agree in writing. there shall be applied to the su"'.. secured by this Deed of Trust such proportion of the proc<reds
<br />a. is equal to that proportion whicb the amount of the sums secured by this Deed of Trust immediately prior 10 the date of
<br />talting be.... to the fair market value of tbe Property immediat.,y prior to the date of taking, with Ihe balanc. of the proceeds
<br />paid to Borrower.
<br />If the Propeny is abandoned by Borrower. or if, after notice by Lender to Borrower tbat the condemnor offers to,mak.e
<br />an award or settle a claim for damages. Borrower fails (0 respond to Lender within 30 days after the date such' notice is
<br />mailed. under is authorized to collect and apply th. proceeds. al Lender's option, either to restora!ion or repair of the
<br />Property or 10 the sums secured by this Deed of Trust.
<br />UnleSs Lender and Borrower otherwise agree in writing, any such application of proceeds to principal. shall not eXtend
<br />~~chi:~~~ts~ue date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
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<br />10.. Borrower Not Released. 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 interesl. Lender shan not be required to commence
<br />proceedings agajnst such successor or refuse to extend time 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 Borrower and Borrower:s successors in interest.
<br />11. Forbearance by Lender Not a WaiTer. Any forbearance by Lender in exercising, any right or-remedy hereunder, or
<br />otherwise. afforded by applicable Jaw, s.hall not be a waiver of or preclude the e,.'tercise of any such right or remedy.
<br />Tbe procurement of insurance or the 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 indebtedness secured by this Deed of Trust.
<br />12. Remedies CUIIJldathe, All remedies provided in this Deed of Trust are distinct and cumulative to any other right
<br />or remedy under this Deed of Trust or Z'fforded by law or equjty, and may be exercised concurrently, independently or
<br />successively.
<br />13. S""cesoon and AsslcllS Bound; Joint and Sev.rat Liability; C.ptlons. The covenants and agreements. h.rein
<br />contained shall bind, and the rights hereunder shaH inure to. the respective successors and assigns of Lender and Borrower,
<br />subject to tbe provisions of paragraph 17 hereof. All covenants and agreemenrs 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 />interpn:t or define the provisions hereof.
<br />14-.- Notice. Except for any notice reqUlred under applicable law to he given in another manner, (a) any notice to
<br />Borrower provided for in this Deed of Trust shall be given by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such orher address a.s Borrower may designate oy notice to Lender as provided herein, and
<br />(b) any notice to Lender shalt 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 lO Borrower or Lender when given in the manne~ designated herein.
<br />15. UnifOI1R Deed of Trust; Goyrrning LaWj Severability. This form of deed of trust combines uOIform covenants for
<br />national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument
<br />covering real property. This DeEd of Trust shall be governed by lhe law of the jurisdiction in which the Property is located.
<br />In the event that any provislon or clause of this Deed of Trust or the Note cont1icts with applicable law, such conflict shall
<br />noS affect other provisions of this Deed of Trus.t or the Note which can be given effect without the conflicting provision,
<br />and to this end the provisions of .he Deed of Tru'it and the Note are declared to be severable.
<br />16. Borro"~8 Copy. Borrower shall be furnished a l.7onformed copy of the Note and of this Deed of Trust al the time
<br />of execution or after recordatIOn hereof.
<br />17. Tn.sfer of the Property; A..mpdon. If all or any part ~)f the Property or an interest therein is sold or If''nsferred
<br />by Borrower without Lender's prior written consent, c'ldudmg fa) Ihe aealion of a lien or encumbrance suborll.. _~e to
<br />this Deed of Trust, (b) the creation of a purchase money :security interest for household appliances. tc) a transfer by devise.
<br />descent or by operation of law upon the death of a Jt,jnt tenant or (d) the grant of any leasehold interest of three years or less
<br />not containing an option to purchase, Lender may, ."It tender':> option, declare all the sums secured by this Deed of Trust to be
<br />immediately due and payable, lender shall have waived such option to accelerate if, prior to the sale or transfer, Lender
<br />and the person to whom the Property is to be sold or trafl$fcrrcd reach agreement in writing that the credit of such person
<br />is satisfactol)" to lender and that the interest payahle on the surn~ !;ccured by this Deed of Trust shall be at sUi:h rate as
<br />Lender .shaU requesL If under has waivM lhe optIOn to accelerate provided in this paragraph J 7, and if Borrower's successor
<br />in interest has executed a written 3$Sumplion agreement accepted in writing hy Lender, Lender shall release Borrower from
<br />all obligations under this Deed of Trust and ,h. No.e.
<br />If Lender exercises such option to. accdernte, tender -shall mail Borrower notice of acceleration in accordance with
<br />pa-ragraph 14 hc~f. Such notice shall proVide a pertod of not less than 30 days from the date lhe notice is mailed within
<br />which Borrower may pay the sums declared due. If BotTt'JWer fait,.. III pay ..uch !IOums prior to the expiration of such period,
<br />Lender may, without further notice or demand on Borrower. invoke any remedies- permitted by paragraph 18 hereof.
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<br />NON-UNIFORM COVE.NANTS. Borrower and Lender further covenant and agree a_s follows:
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<br />18. Ae<<Ierotloo; R.....-.. Ex""".. provid<<lln pol'lllllOph 17 h.reof, upon Borrow~r's h.....h of any covo""'l or
<br />ACI'ftJIIf:ft' of Bono~ in: Uus Imd of Trust. indudia& .he covenants to pay when due .fty sums secund by this lHed
<br />01 Trmt. 1....... prior 10 oc<elentloa sholt moil nulk. to Borrow.r .. pro'ld~d in _lOph 14 h.reof sp.cifylng: (I) th.
<br />hruc:1I; (Z) the octloo requlrod to cu... surD broach; (31 . doe., nOl less lhon 30 d.ys from lhe date Ih. notk. is mailed to
<br />BorroWfl'. by whlrh ,"".. broach m.... be cured: .nd (4) th.t failur. to cur. s""h b....... on or befo... Ih. dal. spe.llied
<br />in the - _y """'1 In arrele..1ion of lhe sums """ured by Ihis Deed of Trust and sale of Ih. Property. Tbe notlc.
<br />IhoII fllJ1her Worm Borrow.r of the richl to ...I_~ oft.r ..""Ieratlon and lhe ric"l to brinll . court ..tlon 10 assert
<br />tbe -~ of a deflllllt or .ny OIber def..... of Borrow.r 10 .c<<Ie..llon .nd sat.. If Ih. hruc:h is not cnred
<br />on or before the dol. sped&ed in lhe _. l.e_ at l..nder'. option m.y declare .11 of the sn.... secured by this Deed
<br />of T...... to be i.....wotfly due and poyoble without furtber dem.nd and may iomke Ih. pow.r of sat. .nd .ny oth.r remedies
<br />....-w by oppIkoiIle low. u-. shott he entitled to coiled 011 r_noble costs .nd npeDS6 incurred In pursuing the
<br />..............vlded ill tbis ~ 18, inclOllliJlll. bot .... limited '0. reaso;,uobte .It.......y's fees.
<br />If the ....... of .. is invok.... Trustee .hoIt rttord . not..... "f def.utl in .lICh connty in which Ih. Property or some
<br />port tIoereDf is loaItH and shoIIlIUliI ropift of _h DOtlce in the ma...... p.....ribed by applir.bIe low I" Borrow.r .nd 10 tbe
<br />other _ ~ by oppIIcaIoIo law. Aher lbe \opoe of such time os m.y be requlffit by apptirohl. 1.10. Trustee sholl
<br />p. ..... - of .. to the pe....... and in lhe m.nDer prescribed by .pplirabte 1'10, Trustee. without demOlld on
<br />........... sholl sell the Property ot ,..1IIk ....Iion 10 thehigheot bidcler .1 Ih. lime .nd pIaee .nd nnder the terms designoted
<br />In the ~ of .. In _ or m<<e pareds and in ,lIdt onte. IS T.....t.. may d.I.....ine. Troste. m.y postpone sat. of 011
<br />... .., pored of the .........., by pDlolk 011_...._ ot the til... and plat:e uf .ny previously ""h.duled sol.. l..nder or
<br />u........ ........ .., ..-.... the Pn>perty at oay sale.
<br />u,... R<eipI of poy- of the price loId. Trustee ,holt ctel/ver 10 lhe purr~r Trustee'. deed conveyi"1l the Property
<br />soW. TIle ndhllola the T........ deed sholl be primo forte "'Idea",, of lhe lruth of the .Ia-..... mod. therein. Trustee
<br />sholl """ the pmeeeds of the ... In tbe follo~ enter. (.) to 011 re_bIe ._ and ._ of lhe ..I.. includill/l. lMll
<br />.... ....... .... T_'s f_ of .... _ 1_. _ _ _ _ .. _ _ 'l- of the _ ... price. .-.-...hIe .ttorney', f... .nd costs of
<br />~ ~ (ll) to" _MC1IIed by tbis Deed of Trust; aDd (c) the ..._If .ny, 10 Ih. pe.... or pe....... ",oIly ""titled
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<br />It., ............. Jtiaht ,to ReI:Mtate. NOlwlt.Mta~ding Lender's ilc<<::lerauQn of the sum$ secured by thIS Deed of Tnl$t,
<br />~ ~ _YO the, rtaht to have _~ny proceedlnp begun by Lender to t"ofotl..'-t thit Ileed of TnJ~t discQntinued al
<br />~n)" ~tM -ptlOt to the- earher to O!Xtir of (I' the fifth day before the !Sale: of the Propeny pursuant to lhe po'oli.'ef of sale -c~}ntained
<br />IDthfs Deed of Trull or (iJl_ry of. juclim<mt <morcin, ,hi. Deed or Trust it', (al Borrowe, p"" Lender .11 'um, wh,ch would
<br />.. thcn_dvc undct-Ihf' Dcod o( l'tu... the Note and Rotf:j !;("Curln, Future Advan<:-c-s, If <11\)': had no acceleratil)n oc~urretJ:
<br />~h} ~ ,,'ures aU bn:lWha ot any othe-r -(ovcnanh or agreunen'-' of Borrower '.'ontaioed In thl~ Oeed ol rrust;
<br />t~ Borrower p';:Yt ..~ tea-~e e\pcfUift incurred by Ltnde.r and Trustee III t::of orclOg the covenants and ag.r:ee.ments nf
<br />8orf''''~ c~.i-ncd m thi$: J?eed of Trust and In e-nfon::inj tendc-r'1I and Tru'\u.!c'S remedic:s il.<l, prOVided In pflragruph 18
<br />hcteof. JAttudiftl. but rwt IIm.ted tv. ff:a$(mabio aUOfnc)", f~; :and {d) Bocro~r takes such acun-n 3!i L('nd~r Olav rtil~lt.ablv
<br />le<<tUlte to alWre- that It.c hen of thil Iked or Trust~ l.ender'. illleres.t Hl t~ Prvpe-rty and R~)rrov.-er\ t'~btil1;atlt)n t(~ pur
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