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<br />83-1106802
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<br />by this Deed of Trustimmediately prior to the date of taldng bears to the fair market value of the Propeny immediately prior to the date of
<br />taldng. with thebaJance 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 L:mder 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 the Propeny 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. inslallments referred to in paragraphs 1 and 2 hereof or change tbe amount of such installments.
<br />10. JJomnmo Nnt ~.Extension of the time for payment or modil1cation 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 ana
<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 (Yu'1er,\1se modify amortization of the sums secured by this Deed of Trust by reason -of any demand made by the original Borrower
<br />and Borrowers successors in interest.
<br />11. Forlletuuceby Lead.. Not a WaI.... 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 sball not be a waiver of Lender's right to acceJerate the maturity of lhe.indebtedness secured by this
<br />Deed of Trust. .
<br />12~ .RemedIe. Ca.alative. AU remedies provided in this Deed of Trust 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. Suecason..... AssIpolloand; JoIat ..... Se.era1 LiabIlIty; Captions. The covenants and agreements hercin 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 />arc- for convenience- only and are not to be used to interpret or defIne the provisions hereof.
<br />14. Nodce.;. Except for any notice required under applicabJe Jaw 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 cenified mail addressed to Borrower at the Property Address or at such other address
<br />as Borrower may desigrmte, by notice to Lender as provided herein. and (b) any notice to Lender shall be given by certified mail. return receipt
<br />requesttd.- to Lender's address stated herein or to -such other address as Lender may designate by notice to Borrower as 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 />15. Uniform Deed of Trust; GoVetlllq Law; s..erabBlty. This fonn of deed of trust combines uniform covenants for national use and
<br />non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering rea! property. This Deed of
<br />Trust 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 law. such conflict shali not affect other provisions of this. Deed of Trust or the Notc 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. Borrowerf. Copy. Borrower shall be furnished a conformed copy of the NOte and of this Deed of Trust at the time of execution or
<br />after recordation hereof.
<br />17. Traasfer- of die Property; AuumptiOD. If aU or any part of the Property or an interest therein is sold or transf"'1Ted by Borrower
<br />without Lender's prior written consent. excluding (a) the creation of a lien or encumbrance subordinate to this Deed of Trust, li I the creation of
<br />a purchase money security interest for household appliances. (c) a transfer by devise. descent or by operat...m of law upon the death of a joint
<br />tenant or (d) the grant of any ~easehoJd interest of three years or ies$ not conlaining an option to purchase. Lender may. at Lender's option.
<br />declare- all the sums .secured by this Deed of Trust to be immediately due and payabJe. Lender shall have waived such option to accelerate if,
<br />prior to the saie 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 i5 satisfactory to Lender and that the interest paYBble on the sums secured by this Deed of Trust shall be at such rate as Lender shall
<br />request. JJ Lender has waived the option to accelerate provided in this paragraph 17. and if Borrower's successor in interest has executed a
<br />written ~umption agreement accepted in writing by Lender. Lender shaU release Borrower from all obligations under this Deed of Trust and
<br />the Note.
<br />If Lender exercises sucl1 oplion to acceierate~ Lender shaH mail Borrower notice of acceleration in accordance with paragraph 14 hcreof.
<br />Such notice .hall provide a period of not less than 30 days from the date the notice is mailed within which Borrower may pay ,he sums declared
<br />due" If Borrower fails to pay such SWDS 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.
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<br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />II. ACftlera1loa;~. Except as pro.1ded la IJlU'lI&lIIIlb 17 hereof. upon Borro....... 10....... of IlIYro.~t or~al of
<br />IIom>wer In tIIiI Deed of Trut. iDdII_ lI1e ""._ to pay ...1IeD due any ........ seeured by tIIiI Deed ofl'r1ial. I.eouIl!t.JIril>f,:ll!c~tIon
<br />sbaIl mall nollce 10 Borro_ as _vlded bI ~ 14 hc:seof ~yi...: (I) tile bn:acla; (1) tile action required to cure suda brudl; (3) .
<br />date. _ _ tIIaa 30 days fl'Olll ... dale of _ all1lllled to Borro....., hy ...bklo ,ueb breacb ..UII be L'Ured; .ad (4) I1uot fallare to <are suda
<br />...... oa or bef.... tile dale opec:Uied Ia tile aollce _ resaJt la acaIentJoa of tile sa... ~by IIIIs Deed of TI'IIII ..... ..... of tile Property.
<br />l1Ie ........ liIIaIl t...a. Iafora. Borrow.. of tile r1Pt to rei_ie after acc:dentJOI ..... lbe rl&bt to brina a <olllt actJoa 10 _ tbe 00"
<br />~ of a defaaII or _ 0_ def_ of Borro_to acaIentloa ..... ......If tile b_ 14 not cured oa or bef..... tile date spodfled In tile
<br />DOtice, -.- at Leader'. optJoa _ dedare all of tile ........ ~ by tills Deed of Tl'lllllo be lmmedlalely due ..... payable ...ltIIoat fartber
<br />~ =4 ==Y =~~ Ute,ower ef!!!le !La4 Y.y QtW ~ permitted by applkabJe law. I..ender abaD be eDtJded to collect all reaIOllabk
<br />cools ....._~In........... tIIe...,_ 1''''_1.. tbls _pb 18,ladadiDa, but not llmlle<lto, .....00lb1e luorney', f_.
<br />11....._ of"'" ala.o_, T_liIIaIl_ lnolke of deflaltio _ COllDly la which 111. Property or....... parllbereof 1410a0led
<br />AIMlaltall raaij;oplaoof .... aoIlce Ia tbe __ prea<ribed Ioy applk:able law 10 Borrow.. and to III. olber penoas preoaibed by appJkable
<br />..... Mlet Iloo ...... of _ 1IJIIe. _y be reqlllnol by IppIlcabfe law, Tnaolee okall P" poblk nollce of sale to tile penons and 10 IIoe ......_
<br />praalbed by appIleailIr; law. -r-, wltIIout deIaaad OR Borrow.r. shall seAllbe Property .t pablk ..ctIOR to tile hJ&beat bidder ltlbe tilDe
<br />_place.........., u.tenN """""""" In tile BOIlce of tale ia ODe or ........ patte\o.lnd In _h orcI.. .. Tf1Illee may detmalae. Tru8tee ...y
<br />~_.of all. or _ ~ of tile ~ hy pablk _t altbe tI_ ..... pla<e of lay previOlUlly ",bedaled sale. Lender or
<br />. ~'......._____tIle~at_ sale.
<br />U_...... of ....- of tile...... bioi. n.ree s1IaII ddIvw to tbe pu:rdIuer .r.......... deed coav.yUla IIIe Property soId..The ndtalo la
<br />..T_:........ s1IaIIbe priDlafaclt ~ of tile truth of tlM~.. ....... tI1ereID. TruIee alIaIIappJy tlo. po-oceeds of tile sale hilbe)
<br />hll....'.lf.......lla) .....____..........- of tile sale, 1aeJ....... but .""t lIaIlted 10. TruIee'. fees of aot m..... thaD _ _i_..
<br />of ....,........ ............ ""-1', f_..... _ at tI1Il..~. (bl 10 all ...... .,..red by this Deed of Tnost; lad (e) tbe ex..... If'
<br />..,.,. tIle)OllllMW.......... JepIb. ..tIlWiMo'Mo.
<br />I'. ~'.aia1It to ~. NotwilmtandiDJ ~'s ~lIlion of the sU"" ""ured l>y lh;, Deed of Tro". Borrower ,ll/lll have
<br />d',Jit d,M to Wt\'f AAY .pr~i.1tp btsun by Lendct_ to eUfOflt.e t.hit _~j :of Tnu.t di~"Ofllinuw at any time ~riof to the eatllet lO ~'\,,:I-H of (_0 t.o<-
<br />rlfl;J;<iay before tilt tale of lbe i>r<>perty ""'.....ltlo.tbe.power lJf nl< ",;,ntaim-d in Ihul)eW of Tru... Of (Ii) emry of ajud.,rn:n, euluhcl">l thl>
<br />!JDe4 t;)f rf~ it~ t.. ~OW<< {)lilY' t~ aU JUnlli 'w't>>ch- ~ou1d be> then dUt' Mulk-r ~hh- l>eed of TWjt, l.hc Note ;\nd llnl~ $c<uun$ Future
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