|
<br />r
<br />
<br />83_006679
<br />
<br />by this Deed of Trust immediately prior to the date of taking bears to the fair market value of the Property immediately prior to the date of
<br />taking. with the balance of the proceeds 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 an award or settle a
<br />claim for damages. .Borrower fails to respond to Lender within 30 days after the date such notice is mailed, Lender is authorized to collect and
<br />apply the proceeds. at Lender's option, either to restoration or repair of me 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 shall not extend or postpone the due
<br />date of the monthly installments <<ferred to in paragraphs I and 2 hereof or change the amount of such installments.
<br />10. Borrower Not Re/eued. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust
<br />granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner, the liability of the original_Borrower and
<br />Borrower's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower
<br />and Borrower's successors in interest.
<br />11. Forbea....... by Leader Not. Wlllv... Any forbearance by Lender in exercising any right or remedy hereunder. or otherwise afforded
<br />by applicable law, shall not be a waiver of or preclude the exercise of any such right or remedy. The procurement of insurance or the payment of
<br />taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of th.e indebtedness secured by.this
<br />Deed of Trust.
<br />12. Remedies Cumulative. All remedies provided in this Deed of Tru.st are distinct and cumulative to any other right or remedy under this
<br />Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively.
<br />13. Suca!uors _ AssIps Bound: JoIat.nd Seoenl UabiUty; Captio"". The covenants and agreements herein contained shall bind. and
<br />the rights hereunder shall inure to, the respective successors and assigns of Lender and Borrower, subject to the provisions of paragraph --17
<br />hereof. All covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of this Deed of Trust
<br />are for convenience only and are not to be used to interpret or define the provisions hereof.
<br />14. Notice. Except for any notice required under applicable law to be given in another manner, (a) any notice to Borrower provided-for in
<br />this Deed of Trust shall be given by mailing such notice by certified mail addressed to Borrower at the Property Address or at such other address
<br />~ Borrower may designate by notice to Lender as provided. herein, and (b) any notice to Lender shall be given by certified mail, return receipt
<br />requested, to Lender's address stated herein or to such other address as Lender may designate by notice: to Borrower u provided herein. Any
<br />notice provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner-designated herein.
<br />is. Uniform Deed of Trust: GoveruiDa Law; MvusbUity, This form of deed of trust combines uniform covenants for raationa! use and
<br />non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. This Deed of
<br />Trus.t shall be governed by the law of the jurisdiction in which the Property is located, In the event that any provision or clause of this Deed of
<br />Trust or the Note conflicts with applicable Jaw, such contlict shall not affect other provisions of this Deed of Trust or the Note which can be
<br />given effect without the conflicting provision, and to this end the provisions of the Deed of Trust and the Note are declared to be severable.
<br />16. Bonower's C'opy. Borrower shall be furnlshed a conformed copy of the NOle and of this Deed of Trust at the time of execution or
<br />after recordation hereof.
<br />11. Tnuasfer of the Property; Assumption. If ail or any part of the Propeny or an interest therein is sold or transferred by Borrower
<br />without Lender's prior written consent. excluding: (a) the creation of a lien or encumbrance subordinate to this Deed of Trust. (b) the creation of
<br />a purchase money security interest for household appliances. (c) a transfer by devise. descent or by operation of Jaw upon the death of a joint
<br />tenant or (d) the grant of any leaMhold interest of three years or less not comaining an option to purchase. Lender may. at Lend-"'~ updon,
<br />declare all the sums secured by this Deed of Trusi to be immediately due and payable, Lender shall have waived such option to acel ;crate if.
<br />prior r.o the sale or transfer. Lender and the person to whom the Property is to be sold or transferred reach agreement in writing that the credit of
<br />such person is satISfactory to Lender and that lhe interest payable on the sums secured by this Deed of Trust shall be at such rate as Lender shall
<br />request. If Lender has waived the optjon to at..'Celeralc provided in this paragraph 17. and if Borrower's successor in interest has executed a
<br />written assumption agret:mem a.::cepted in writing by Lender, Lender shall release Borrower from all obligations under this Deed of Trust and
<br />the-Note.
<br />If Lende-r c}I,ercises such option to accelerate. Lender shaJl mail Borrower notice of acceleration in accordance with paragraph 14 hereof.
<br />Such notice shall provide a pcnod of nOl less than 30 days from the dale the notice i~ mailed within which Borrower may pay the sums declared
<br />due. if Borrower fails to pay such sums prior to the expiration of such period, Lender may. without further notice or demand on Borrower,
<br />invoke any remedies permitted by paragraph 18 hereof.
<br />
<br />NON-UNIFORM COVENANTS. Borrower and Lender further CO'ic:nanl and agree ii!'. foUows: ~~~;;~'" ,,;: / . '.I A" ,.<...,
<br />18. AccoIeratJoD: Remedies. Extep' .. provided In paragraph 17 h....f. upon Borro...r's b~-"~c "";l!JlImm~ of
<br />Borro.... in tllll Doed of T....t. InducllBa the oov_15 to pay ..hen due .ny su... se<uml by tllll Doed ...............l.D'.....tIotl
<br />oblIiI _notice '0 Borro...... pro.lded ID parqrapb 14 _f apedfylRJ: (1) tbe breacb: (2) the ""lion iiIiiiTl6"&WJuI;b.bttadl: (3).
<br />date. DOt'" _ JO days .rom the date of uotice Is malIed to Borro..... by ..11k:b _h breach must be cuml; .nd (4) th.t failure to cure such
<br />- OA ... befon: the ute opedfled In tbe notice may result ID acceleration 01 the su... Iit'CUmI by this Doed of Trust .nd sate of tII. Property.
<br />Tlte notice .ba11 fllFlller IDf_ Borro.... of ,Ite ri,,,, 10 rel....I. after ac<eIeraUon IUId the rilbl to bring. court action to .....1 the DOD-
<br />.~ of a default or any other def.... of Bono.... '0 acceleration .ud sale. II the _b Is not cured OD or befon: tb. dal. specified iD lbe
<br />notice, Lender at Lender's optioD may _re aD of tbe SW1I5...,..mI by Ibis Doed of Trust to be Immedlalely due and payable without fum..
<br />de8Iaad _ may lavnlt. tbe pow.. of sale .nd aDY ot..... remedles permitted by .pplk'llbt. la... Lender .ha11 be .nlltled 10 collect 1111 .......n.bIe
<br />......and ex_ illCUrred In punulRJ the remedies provided In thts paragraph 18.lndudIRJ. but not IhuJled 10. .........ble altoruey', f....
<br />If the po.... of sale is invnltod. Tnut.. oblIiI record . notice of def....lt in eacb eounty iD ..hich the Property or ,om. Pllftlb.reof Is located
<br />- - mail copies of _" Dotice 10 the _ p....ribed by appllcable i.w to Bonower 'Dd 10 Ih. ut..... pe...."" p....ribed hy applkable
<br />Ia... Af... the Iapoe ol_b U_ os IDa)' he.....aked!oy.ppIIcabIe law. T........ ,b.UII', pDblk: notice of sale to the persons IUId in the.........
<br />pnoeribed by applleabte law. T........ wit_t demand oa Borro..er. shall..iltbe Property .t poblic .ucUna to th. hilliest bidder .t tb. ti...
<br />aRd place and aDder the terms deolpaled in tbe autice 01 sale 10 ODe or mo<< p.....,. .nd io such order as T........ m.y determla.. Tru.I" m.y
<br />-"""'" sale of all Of aay parcel 01 the ~ by pobllc anDODD<e...nt .1 the time .nd pi... 01 .ay previously s<beduled .ale. L.nd.r ur
<br />Leader', daIpee may pweIlaK the Property at auy !IOIe.
<br />Upoa ........,. of pay_t of the prl<e bid. Trustee IbaII deIlv.. to tbe purcb...r Trus'..'. deed cOD.eyiD, lbe Property wId. Tbe r.dlals in
<br />tile Tntatee's deed ""aU he prima fade .vide_ of the trutb of ,be slal.....ts made lherelD. T....... oblIiI apply tbe proceeds or 'be .... ID tb.
<br />folIewiaa <>r4er: 'ol to aII.--b1o eOCl8 _ ~ of the We. inclt&dlDJ. but not ilmlted In. 1'rust..'s r.... of nOI m.... thaD ..i..m ~ . '1,
<br />ot llIe ...- We prlc:e. -'>Ie .u......y.. fea and cos.. of illle .vld_c; (hi to all inllU secaml by tills ll<ed of Trust; IUId (C, tb. ..c..... il
<br />_, '0 the penna or _..ieplly ..tilled tltento.
<br />1'. BoITowv',lticht t.o Rd._taW-. Nulwit.hstamhHg Lenut:-f'j;; at;~,.'ekraliQtl of !he ,\UlTb :'.Ccurt.'J bJ this 0eeJ of Trmt. BiJrrQwCi ;,haH ha"'(
<br />1M r4;ht w ha\'c Bny proceedir\lb bqu.n by Lendef to tnfCH:C this {)eed of nUlO{ (h:\i:o-ntmlJeJ al any tint('- prkH 101M C"adkr Il) \.x'('ur df (d lhe-
<br />fH-t-h ~-) b::h_~~ tM ~ -of the PW-p"..:n;' ~~.!!!-_~e.nt tQ the p.')Wrf of s.4k (-O-tu~m<-tl iH Um- tJ<<.-J n~ rn.n..j, <)f {iJ) {'ntry ,_~f a iHdgm~nl tflh_m.:mg tlH-;
<br />
<br />~ oJ Trv.!t IL {a, 14(~ro'Wer pI.)'fj Leodef 1111 'iium.t which would be tOt'a -due tJHdc-r thb. L}e-ed of hU1)i, the Nt)fe itnJ n(lt~;'I. ..t.'\:uri,og h!t-utc
<br />
|