83006796 - Laserfiche WebLink

Browse

I" r 83-006796 9. Condemnation. The proceeds of any award or claim for damages, direct or consequential. in connection with any condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation. are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied tn the sums secured by this Deed of Trust, wi.th the excess, if any. paid to Borrower. In the event of 3 partial taking of the Property, unless Borrower,3n;d-Lender othetwise agree in writing, there shall be applied to the sums secured by this Deed of Trust such proportion of the proceeds as is equal to that proportion which the amount of the sums secured by this Deed of Trust immediately . prior to the date of taking bears to the fair market value of tbe Property immediately prior 10 the date of taking, with the balance of theproc"CedS paid to Borrower. _, ' _ " ' ' If the Property is ahandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor o)Iers to niake an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after _the jjate'~ such: ~~t~ce-- is, mailed. Lender is authorized 10 collect and apply the proceeds. at Lender's option. either to restoration or repair of.the Propt:rty or to the sums secured by this Deed of Trust. . . .... ... . Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to pri_ncipal-shalt -not-',e.*-~t'lc:I or postpone the due date of the monlhJy installments referred to in paragraphs I and 2 - hereof or- change :thc - af!lount-~_of such installments" 10. Borrower Not Rdeasecl. Extension of the time for payment or modifkation of amort.ization of-the,sums":Secu~e:cr by this Deed of Trust gran red by Lender to any successor in interest of Borrower shall not operate-to_ retea.Se,__in any- manne~. the liability of the original Borrower and Borrower's successors in interest. Lender -shall- not be reqmr~ to commence proceedings against such successor or refuse to extend time for payment- or otherwise modify --amortization- of ,th~_ :su.ms: secured by this Deed of Trust by reason of any demand made by the original Borrower and-BOrrower~.s successors in inferdt~ 11. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising ,any right or'remedy he~under;"or otherwise afforded by applicable Jaw. shall not be a waiver of or preclude the exercise of any such right"' or' remedy. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver:of-Lender's right to acceJerate the maturity of the indebtedness secured by this Deed of Trust. . 12. Remeciift Cumulative. All remedies provided in this Deed of Trust are distinct arid cumulative to any _other:_ nght or remedy under this Deed of Trust or afforded by law or equity. and may be exerc~d concurrently, independently_, _or successivelv. 13. StJ~ces50n and Assigns Bound: Joint and Se..'eraJ Liability; Captions. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure 10. rhe respective successors and assigns of Lender -and Harrower, subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be .joint and, several-, The captions and headings of the paragraphs of this Deed of Trust are for convenience only and are not to be used to interpret or define the provisions hereof. 14. Nodct"~ Except for any notice reqwred under applicable law to be given in another manner, (a) any notice to Borrower provided for in this Deed of Trust shall be given by mailing such notice by certified mail addressed to-Borrower at the Property Address or at ~uch other addres..'i as Borrower may designate oy notice to lender as provided herein, _and (b) any notice to Lender shall be given by certified mail. return receipt requested, to Lender's address stated--hereirt --or to ~uch other address as Lender may designate by notice to Borrower as provided herein. Any notice provided for, in this, Deed of Trust shall be: deemed to have been given to Borrower or Lender when gi\o'en in the manner designated herein; 15. Uniform Oftd of Trust; Govcmin~ Law; Se-n'l1Ibility" Tlll';' form of deed of trust combines uniform covenants for national use and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property, This Deed ot Trust shaH be governed by the law of the jurisdiction in which the Property is located. In the event that any provision or clause ('If this Deed of Trust or the Note conflicts with applicable law, such conniet shall not affect other proviSions of this Deed of Tr-ust t)r the Note which can he given effect without the conflicting provision, and to this end the provisions of the Deed of TrU5t and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be fU!fllShcd a conformed ;.:opy of the Note and of this Deed of Trust al the time of execution or after recordation hereof. 17. Traosfer of.the Property; Assumption. If ail or any part of the Property or an interest therein is sold or transferred by Borrower Wllhout Lender's prior written con~cnt, excluding 1.\) the creation of a lien or encumbrance subordinatt. this Deed of Trust, (h) the-creation of a purcha...c money sel.:llfity interesl for household appliances. (c) a transfer by deviL. descent or hy operation of law upon the death of d Joint tt"nant or (d) the grant of any leasehold interest of three; years or less not containing an option to purchase. Lender may. ;)( 1 cnder's option, declare all the sums secured by this Deed of Trust to he immediately due and payable. Lender shall h:wt' waived such option to accelerate if. prior 10 the sale or transfer, Lender .lftd the person to whom the Property IS to he ~Dld or lransferred reaL'h agreement in writing that the credit (If such person IS satisfactory 10 Lent.ier and that the intere~t paYlIh!e tlO the ,urn., ;,ccured h-y this Deed of Trust shaH be at such rate as Lender shall request. If Lender has Wl1ived the optHm to accelerate provided in this paragraph 17, and if Borrower's successor in interest hu executed a wntten OIMUmpuon agreement ~1I.;c-epted 1Il writing hy Lenuer, Lender shall release Borrower from all obligations under this Deed of Trusl and the Note. If Lender C'tCrcISCS such option to accelerate. Lender shali mail Borrower notice of acceleration in accordance with paragraph 14 hereof. Such nonce shall proVide a per;()(,1 1.\1' mll ks.'l than 30 days lrom the date tht;: notice is mailed within which Borrowe! may pa) Ihe ~um5. oed3red Jue. ft Borrower f:-Jii~ 10 P:IY such sums prior to the expiration of such period, Lender may. Without further notIce or den-land fIn Horrower, In'-'\lkc an>' remedies permitted hy parrlgraph 18 hereof. NON~U;"olU"O<<M COH,NA.NTS. Borrower and l.ender further covenant and ..gr~e as follows: 18_ Acct"Jt.nuwn; Rrmed~. Eu.ept a.'Ii pr-o.,:ided in par8;2raph 17 hereof, upon Borrower's breach of any covenant or agfft'lhe'nt of Bonu,",u in thts llet"'d of Trust. indudina: the CO'l'enants to p8)' when due any sums secured by this Deed of Trust. LenHr prior It) lK('rH-ralWn shalt mail noti!'t' '0 Borr()~er Jl.~ pro\'ided in paragrapb 14 hereof spt':cif)'inR= (1) the breac-h; (2) the action rflluirr-d to f.'un such bN'ach; (3) a dalt', not Ies.\ .han 30 days from the date the noticr is mailed 10 Borrower. by which 5uch brrach Inusa be ('ured; and (4) that failurr to cure such b~ach un or before the date specified in the notk~ may result in ac(eleration of the sums s<<'ured by this need of Trust and sale of the Property. The notice sbaU further inform Borrower of tht' right fo rrinstate after acct'lenuion and the right to bring a court action to assert 1M noo.-exbtence of a default or an", other defrflk of Borrower 10 acceleration and sale. if the breach is not cured Oil or bdOR' Ihe date s;.pecified in thl!' OOri('e~ L~nder at Lender'., option may declare aU of the sum~ set'uud by this need of Trus. to, be .imlOflliatt-ly du~ and payable"" ithuut further- demand and mal' invoke fhe power of sale and any other remedies pennitted by applicable- law. Lt'nder shall ~ entitled to collect all reasonable (.'osts and expenses incurred in pUl'Soing the rrmMies pI'Oykled in this paragrapb 18. indudiD2~ but ntH Urniled to, reasonable anome:v's fees. If the- power of saW is inHlkcd. Trustee shall ret.'ord B notice of default in each C'ounty in which the Property or some pari .-reot is located and shall mail copies of such ootke in tbe manner preM"ribed by applicable law to Borrowe,r and to the ofhec ~noti- prescribed by applicable la",-, After the lapse or such lime as may be required by applir-able la",', Tru~1ee shall gi\'e publk ootke- of sale to tbe persous and in the manner presnibed by applicable law. Tragee, without demand on B~~we!'~ ~ ~ t~ Pro","y.at public .alJdH:m t9 .he hit::hest biddc-r at the tim~ and pl.4"e and under the terms des.i~nated m tM ROti<< of sale in one or mort' ,part:els and in such ocilkr as Trustee may determine. Trust..e may postpone sale of aU 01" aay pUttl of tM Pro~ny b-,y public announct'lMuf at lhe tinu~ and place of any previously s<"heduJed sal~. Lender or U_s desic- ....y pu...._ the Property _, any sale. Upon n<<'ipt of paymt'ftt of the price- bid, l'ru~tff shall delh-t'r to the pun'haser TI'Ufli.ee's deed c-onve)'in~ the Property soW. The redtals in the 'rrtitf'e"S deed malt be prima facie t'--\"idenn- of the truth of the statements made: theRin. Trustee shall apply the ~ of the saw in the fuHowi~ ordeor: (a) to aU reasonable costfj; and e-l;peaws of .he salr~ induding, but _ JiIaiItd te~ 'rl1l5tee's 'eft of nal mort' than _ _," L. P _, % of fht' gros,r,; sale pric('~ rC'asonable attorney's fees and ('usts of :=..0. ~c; (h)'o..u SUIJ)'i t'<<uu-d by this Deed of 'lntSii and (c) the e"(.'e"~ if aDY~ tu the penon or penom l~aJly entitled J9~ Borrower, RtaPt to Reimtatr. Notwtlhstandmg LCl'1del'\ act'cleratlon nl th~ !o\lOh "c(.'urcd hy thill. Deed of Tru,,>t. aorffiWC:r .haU have the ri-ght to hne any pn'l\.:eeding'\ hegun hy Lender h.1 L'Uf~lrct,': tlws fkcd ('If Tru~1 dis~'onlmved ;H any ~Ime ",-tor- to the earlier to. (lC'1."tJT of (i) the fiffh day heton; lht: ~ale 01 lhe Pmp~;ny pur!l;uant to the fX-1Yi'C-r of 'Sklk i."OIH:1l1lcJ 19 Ih.. Deed o! TrHst or (Ii) -C:lltt)' of a ,Ud$\mt:oi enfOfl..'IttK IhI'- Deed fl( 'T nt\l d: (M Borruwer pay.. Letlder all sum\; ",,'hl/:h would bt lhen due- IJndcr lht!t lked \.1-( TruM, the Note -and Hott'.' \e<..t-1fing Future AdY;Il"t~C~, If aoy, had !Hl ,Kct'lcratlOt1 o',;'I.."uneu. (b} 3otto-'Wn (l,ne'. aU br(:a-\'hf'-~ of any flthef i.:ov.enailh or -agn.'cment.. t~( Bornlw('( ~.\mtamed In lhf~ DeeJ \\{ 'rru'l.l, HJ l\otT(,I'\\'CJ ~U..)''' .If t-e-a,'W'lli<lihi-e ((,;pense':!, Hlt;:u~feo by !^cnde-r nnd Tru~tee .n r:Of_drC'lng lhe ('(\Vt:l1ilnts and a~ft'l'nH.'flf'j. \>: 8oru:f1llI<er n'11llu-ned m thr'i ()ee.d 'of Tru\t and 10 en'ur~mft L-ender'\i ~nd 1 nf~h;-c'" rt'm~-dfe\ .l" pf,IVltkd III pMi\grliph J l'\ oorev( !fk;Jud'mS. hut not hmnetJ ft.'. rc--a'i.t.J-tl-ahtC' ~uorn-ey\- lee--..: and {d) flOHOWCt tah~ !o--Udl 3.dh)r1 it\, l t':m.ler ma\ fl..',l'\.pn:lbh ~)(ft U,1- .,,~u~ th:a.t tm:: hr._" ~A thtt fleW -()~ Trw..t. Ll!'noer\ IHieH''\! m !he Ploj.-w:ny and HOrfHWt.'_j., ,.\bhg/iH(~n hl P,l\- L