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<br />83- 006662
<br />9. Condemnation. The pr'O\..-eeds 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. Of for conveyance in lieu of condemnation, are hereby assigned
<br />and shall be paid to Lender.
<br />In the event of a IOta I taking of the Property. the proceeds shall be applied to the sums secured by Ihis Deed of Trust.
<br />with the excess, jf any. paid to Borrower. In the event of a partial taking of the Property. unless Borrower and Lender
<br />olherwise agree in writing, there shall be applied to the sums secured by this Deed of Trust such proportion of Ihe proceeds
<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 />taking" bears to the faif market value of the Property immediately prior to the date of taking. with the 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 OffeB to make
<br />an a.ward or settle a claim for damages. Borrower fails to respond to Lendtr within 30 days after the -date such- notice- is
<br />mailed. Lender is authoril.ed to collect and apply the proceeds, at Lender's option, either to- restoration or repair of the
<br />Property or to the sums secured by Ibis Deed of Trust.
<br />Uoles.." Lender and Borrower otherwise agree in writing, any such application of proceeds to principal 'shaH not extend
<br />or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amoiJnt of
<br />such installments.
<br />JO. Borrowu No-I Rdessed_ Exlension 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 interest. Lender shaH not be required to commence
<br />proceedings against such succeS,<ior or refuse to extend time for paymenl or otherwise modify amortization of the sums
<br />secured by this. Deed of Trust by reason of any demand made hy the original Borrower and Borrower's successors, in interest.
<br />It, Forbearanu by under Not a \\-'aiver. Anj' forbearance by Lender in exercising any right or remedy hereunder, or
<br />otherwise afforded by applicable law. shall nO( be a waiver of or pr~c1ude the exerci5c of any such right or remedy,
<br />The 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 10 accelerate the maturity of the indebtedness secured by thi~ Deed of Trust.
<br />12, Remedies Cumul.rh'e. All reme-dies provided in lhi~ Deed of Trust are distinct and cumulative to any other right
<br />or f~edy under thi~ (ked of Trust m afforded by law or equity, and may be exercised concurrently, independently or
<br />successively
<br />13. SUCCeISOl"S and Assigns Bound;; J'oint and Se'V-t'ral Liability: Captions. The covenants and agreements herein
<br />contained shall hind. and the rights. hereunder ,.,hall inure to, the res.pective successors and assigns of Lender and Borrower.
<br />subject to the provisions of paragraph 17 hereof < All covenants ;lOd agreements of Borrower shall be joint and several.
<br />fhe captions and hcadmg.'S of the paragraphs 01' th!') Dt.."'ed I..lf Trust are for convenience only and are not to be used to
<br />interpret or define tbe provisions hereof.
<br />J4. Notice. Except for any notice reqUired under applicable law to be given in another manner. (a) any notice to
<br />Borrower provided for in this Deed of Trust shaH he given by maili~g such notice by certified mail addressed to Borrower at
<br />the Property AddrCS5. or at :such other address :t~ Borrower may designate hy notice to Lender as provided herein, and
<br />(b) any notice to Lender shall he gi\'en hy certified m.ail, return receipt requested, to Lender.s address stated herein or to
<br />such other address .-.s Lender may designate hy nOlice to Borrower as provided herein, Any notice provided for in this
<br />Ottd of Trm.t :shaiJ be deemed 10 have been [;iven 10 Borrower or Lender when given in the manner designated herein.
<br />15. llnifonn lkflt of Trust; (;ovuninc Law, Senrabifity, This. form of deed of trus.t combines uniform covenants for
<br />national use and fion-uniform co'..cnants with hrnltcd variations by .~uri5diction 10 constitute a uniform security instrument
<br />{~o"enog rea! property_ This fked of Trmt !.hall he governed by Ihe law of the Jurisdiction in which the Property is located.
<br />In the event that any pron~JOn or ciau':.!: of thi,!' Deed 01 Tru~i or !he Note t:onHkts wi!h npplicable law, such conflict shaH
<br />not affect other pruvi5;ons; of this Deed of Trus.t or the Note which ":aO h< given effect without the connicting provision,
<br />~nd to lhi~ end the provisions of the Deed of TruM :i.nd the Note ure declared h) be severable,
<br />16. 8on'oW"~!l' Copy. Borrower shall he h.ICtw.hed a I.:on(ormro copy (If the Note and of this Deed of Trust al the time
<br />nf execution or after recordation hereof
<br />17. Tnasff'f of the Property; AllRlmpdon. If aU {If ~iny P;U( of the Property or an interesl therelll is sold or transferred
<br />h)' Borrower withoul lxnder's pnor Wfllfcn COnK"t, excluding (a) the creation of a lien or em:umbrance subordinate to
<br />fhis Deed of TruM, fh) the creatIon of a purchase money M:'-:un!y interest for houst:hold appliances, (c) a transfet by d-:v;.'
<br />descent or hy oper-UfOn of law upon the dealh of J; }Oml tenant or (d) the grant o( any leasehold interest of three years or I~,
<br />not containing an optlcn to purchase. Lender may, ,It Lendcr\ opttOn, declare all the sums ~ecured by this. Deed of Trust to be
<br />Immediately due ::Ind payable. Lender ~hall have waIVed ...m:h optU.lfl to accelerale if. prior to the sale or transfer. Lender
<br />and t~ penon 10 whom ..the Property ~s to l~ suld or transfencd reach agreement In writing that the ned-it of such person
<br />IS satisfactory ip Lender and that the lnter~t payable on [he "Surn~ ~ccured by Ihis Deed of Tru.,>t shall be at such rate as
<br />Le~r shall request. It Lender has W.1U"ed the {)fH:on 10 accelcratc_ provi~C'd in this paral:raph 17, and if Borrower's successor
<br />In mteccsl has CAccuted a we-men assumpuon agreement accepted 10 wfltmg by LendC'-r. Lender shall release Borrower from
<br />all obligations under this f>ecd i,.'tf Trust and the Note
<br />If Lender exercises such optlon to a(.:ekr;ttc. f coder ,hall mail Uorrower notice of acceleration in accordance with
<br />paragtaph J 4 hereof. Such notu."C shaH p-wYlde ;.} period of lhlt ten than l{) days from Ihe date the notice is mailed within
<br />which 8ol'fower- may pol)' lhe !!iUm3 dtx'hl!erl due, I( Borrower btb. to pay such sums prior to the f'Xpif"dlion of such period.
<br />l..cnder m2:l:'t', Wlfhout iun~r notl~C: (tf demand on Borro:".;e-,. Invoke any remedies permiUed hy paragraph 18 hereof.
<br />NON.UNIFORM COV1'NANfS Borrower and lender (ur(h~r covel1ant and agree as follows:
<br />.8. Ac-cflaatiolt; RrmMiu.. .:'cept u providrd in paracrapb 17 he:reof. upon Borrower's breach of any c"oveoaal or
<br />._1 01 ao""..rr in .hls o...t "I n"'l, lad..di... Ihr covrn_ 10 pay ..hra dlle any....... _um! by Ihls Drod
<br />of TrU!Il. fA_ prior 10 ...~n shlollmall noli<< 10 Bor......rr .. p"..Hlod In ............ 14 hrrrof .prclfYinl: (I) Ihr
<br />brradt; (ll thr ...tkoa "",uirrcl '0 cu... ,ucb blueh: (3) a datr. 001 '- lhan 3lI d.YI f....m Ihr date lhe ...,tkt is molIrd '0
<br />.........er, by ..!okh .uch brr...h ....... br cuml, and (4) lha. ..11..... 10 ('U'" 'IKb bruth on or brlore Ihr dale spet:IOod
<br />ia 'lor ItoIkr _y rrwIl ill .<<rlrnlien 01 thr su_ srcum! by U... llred of T...... lod utr ullhe ,....prrtY. Th. nolkr
<br />olonII fart....' I.f_ Bon....rr of I.... .....' 10 ..._r alte' ...cdrnl"'" aod lb. liehl '0 brieK a court adIon 10 _It
<br />thr _iIlra<< of . dd_ 0' ...y oIhrr drlrmr of Burro..." '0 .....,lrrallon .od ut.. If Ih. b......h is nol cum!
<br />OR or brf_ lhr datr lipKlIird I. Ihr _. fAndrt .1 trodrr's opllan may dKlarr 011 01 Ibe sums srcum! by .hls Drrd
<br />of T..... 10 br l_tIy d.. .... pay..... ..ithou. f.rtlor< d.mand .od may in'ok~ Ibr po...r of ""'" .nd any alhrr remedies
<br />.......illrd by ..............., l.-.Itr shall br ...llkcIlo roIIrct all _....... cOltS .... npr_ IlK'Unrd in puraul... Ihr
<br />......un ,......ioItd In IhIs ~ 18. ~ ..... not timltod 10. "'........... _y'. 1-.
<br />If Ibt ,..- 01 .. is ia.<>ke4, TI'U5lrr 5halI __ . notic. 01 d.1auI1 1B radl counly in w!okh Ihr p.......rty or som~
<br />part Ihtftnf Is 10<_ andllnllllllllil ...... of s_ nolicl' ill Ibr m_ p......_ by appIic_ law 10 Burro_r ..... 10 Ihr
<br />ollle< pr_ pftKrilot4 by ~..... Aft.. Ihr 1_ of such 11_ .. m.y hr "",nIrod by .ppIlcablr Ia... Trustrr shall
<br />11m...... ItoIkr of.... 10 thr .......... and In 'hr m_ _ribtd hy .pplicabIr law, T......re. wllboul de_ on
<br />......-. - HI! thr Pnoprrty .1 pobIk .",,'ion 10 Ibr hillbesl bidder .t Ihr limr and piner .od under Ihr lerms d..._td
<br />'" thr noli<<: of ""'" .. """ or """" parcds ."" III ....h order .. T........, may dele....I"", T........., may poI!poor _ of 1111
<br />... -, ,..,.. of IItr Pnlittny by pnhllc _DUn ,_at oJ Ibr .1_ and pIac~ 01 ...y I'"'vl_y ..btdlilrd slIIr. I.rnder or
<br />I_I ~ _y..-Ibt I'n>prrty ".oy_,
<br />I.... ...... of ,.,_ of Ibt pri<< IIld. Trust..._ _vr, '0 .h. pu,_, Tnoslre', _ con"'yl... 'he Proprrty
<br />soIlI. '"'" miIlIls in lhr T_" derd _ br ....- fadr nltlea.., oIlbr lru.h of the ,Ia'r_nll made Ihe",ln. Trusl...,
<br />....."., thr ,......ercIs of Ibt _ .. ,... f.......... onIer: (allo 011 "'_ ~ """ .._ oIlhr slIIr. Indudll1ll. hul
<br />- ...... io, 'r_'. f_ of _ __ ~ 3\i. of 1 'llo of Ibr II""" .... prk.. l'rIlSOt1ObIr ..lorn.... f_ .... <OIlI of
<br />... nWowe: ,.... .. _ _Mn4 by ibis Derd of T.....' and (c) 'hr ........ if .ny. to 'hr pr....n o. pr....... lralllly enlltlrd
<br />.--.
<br />.... .............-.... to........... Notw'lha.tandinc Lender'!\: acceleration of the \.um'S .'I:e<'Ufed by thl~ Deed of Trusl.
<br />Botm-w<<-r dt.U have- fhe tithl fO ha\'t' ,any J'focC'Cdinl;' tK-guo hy Lender 10 enfof1:t: this D<<-d of Trmt dtSCoOtihu~ at
<br />tny ~tfnC PfJW'_ 10 the t".rl~f to OCcut ,of (H rhe fifth: day bt<fote the qle o-f the Property pursuant w the ptlwer of i'ale contained
<br />tQ lilt. Dtvd ot Tnm m in) e-ntt)' of a jHdament -enfofCi"& lhl" r.l<<d of TnKt If: (3) Borrowe-r ra}'~ L,,=nd~r aU 'Uffl5 wh.l~h would
<br />be then due UiMkt 'hi. ()ce~.l 01 l'n~t the Note and not-es "(,UilO' Futu-re AdvafKbl" if any. had rtu acctlenlt!on occurred:
<br />Ih. Bor-fllWCf (-me\ "1 h<<-iI(:tK:i ~>I .n)' utMr co".-nilnH~ or a.fffineftt~ {'If 80((0__('( nlnhu~ III tht~ Deed <~r Trust:
<br />(c;) 8nrt~, ".)"" ",U fel.'Ofttd,fco t'-'peUW1 i~Ufft!d by Lti1tkr ltind Tru1tt<< In enlorung I~C con"tumh. and agteenletll~ ,'f
<br />~ t,;oo~.~ m tht~ t><<d (}( TnriJ and m rotl.ncmt L('ntk,-.~ and Tru\lc('.'\! ~'l'O'lCdll"S a'\ ph)"itded In paralraph IS
<br />"1<<11, t""tud~..., hut fl.pf hnutt:d w. rt~ .Um-M~" r~fl, and M} UmlHwCl takes. '-urn IH.~t1Of} as Lc'n-der mal' ft!'-J;s.t,'NHiht"
<br />r~th" .~ ___1-ure th4t !M hen. .oi It'" l~ 0;- I"nnL I.~ftdcf"~ ;rHt'f~1 ~n ttw Pn.'>f\t'r1)' ,.wu t-hH""W~f\- (\t\lig.!\Jipn 10 p.:i"
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