|
<br />0'1'-- 002~80
<br />,.-j
<br />
<br />9. (~............ The proceeds ot any award or dalm for damages. dlrecl or conaequenual, in connection with any
<br />condemnation or other lakiDC of the Property. or pari thereof. or for conveyance In lieu of condemnation, are hereby assi.oed
<br />and shall be paid to leader,
<br />In the event of a total taking of the Propeny, the proceeds shall he applied (0 the sums secured by this Deed of Trust.
<br />with the e\ceu, if any. paid to Borrower. In the event of a partial laking of the Property, unless Borrower and Lender
<br />otherwise alfft' in writing. there shall be applied to the sums !lecured by this Deed of Trost such proponion of the proceeds
<br />as is equal to that proportion which t~ amount of the sums secured by this Deed of Trost immediately prior to the date of
<br />lalun. bean to the fair market vaiue oi the: Propeny Immediately prior to the date of taking. with the balance of the proceeds
<br />paid to Borrower.
<br />If the Propeny is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offen to make
<br />an ..ward or settle a claim for damages, Borrower falls to respond 10 Lender within 30 days after the date such notice is
<br />mailed. Lender is authorized to coiled and apply the proceeds. at lender's option. either to restoration or repair of the
<br />Property or to the sums secured by this Deed of .iT rust.
<br />Unless Lender and Borrower Otherwise agree In writing. any such application of proceeds to principal shall not extend
<br />or postpone the due date of the monthly installments referred 10 m paragraphs. I and 2 hereof or chanae the amount of
<br />such instaUments.
<br />to. .........ft' Not ....... Extension of the time for payment or modification of amonization of the sums secured
<br />hy this Deed of Tru.'i.t granted by l.ender 1(') any succes.\or In internl of Borrower shall not operate to release. in any manner.
<br />(he Iiabili(y of t_he original Borrower and Borrower's s~cessors in interest. Lender shall not be l'CCI,uired to commence
<br />proceed.np agamst such successor or refuse to ex.tend time for payment or otherwise modify amortization of the sums
<br />secured by this Deed of Trust by reason of any demand made oy the original Borrower and Borrower's succeuon in interest.
<br />II. F~ by le_ Nac . WlIinr, Any rorbearill1CC by Lender In exercisiItJ .ny richl G' remedy hereuncllr. or
<br />olherwne afforded by applicable I.., ,hall not be a wai.er of or preclude the exercise of any such ripl or remedy,
<br />The procurement of Insurance or t~ paym~n( of taxes or other hens or charges by Lender shall not be a waiVer of Lender"s
<br />I ighl 10 iI~"'Cleraie lhe rnaiurit). of the mdebtedne>> !Ioc\..urcd h} lhi!. I>ecd of Trusl. _ . .
<br />1%. ReIIIetIies ('u~ft. :\11 remedieS provlltcd In thIS ~ of Trust are dlStlnc-r and cumulative to any other nJbt
<br />or remedy under this Deed of Trust or afforded hy law nr equity. ;md may be exercised concurrently, independently or
<br />';.accessivelv.
<br />13, s.n.-... A..... _; J....I ..... !Wnral 1"-"; C.,-. The coven.nls and apeemenlS herein
<br />contained shan bind. and the rights hereunder shall Inure to. Ihe respeclI\'e successors and aSlip of Lencler and ,Borrower.
<br />subject 10 the proviSions of para'rIph 17 hereof All covenanls and agreements of Borrower shall be- joint and several.
<br />The captiON and headinp of the paragraphs of this Deed of Trust are for convemence only and are nOl to be used to
<br />mterpret or define the provlMons hereof
<br />I". Nodre. Ext"ept for any notice reqUJred under apphcahle la\\- ro be given 10 another manner. (3) any ngtjce to
<br />Borrower pro,..ided tor in this Deed of Trust shall be glvcn by mailing such notice by cenified mail addressed to Borrower at
<br />the Property Address or at such otber address as Borrower may designate hy notice to Lender as provided herein, and
<br />l h) any notice to Lender shall be lIven hy cerufied mad. return receipt requested, to Lender's addras stated herein or to
<br />'"w;h other ..ddre>> as L.eoder may destgnah: by nOll~e 10 Borrow~r alt provided herein. Any notice provided tor in this
<br />f)c,ed of Trust s.halJ be deemed to ha.ve been gn..en to Borrower llr I cnder when given in the manocr deaipalCd berein.
<br />t5. V..,.. DntI of TI1IIf; Go..ntiIIi& I...; Seve......,.. lolll". form of deed of trust combines uniform covenants for
<br />naHon.i use and non-umform covenants WIth limited variations hy lunsdlction 10 cons:itute oil uniform seeurity instnllllCftt
<br />..:overinl real propen\' This Deed of Trusl \-hall he 20\-erned h\-" the law of the JUrisdiction in which the ProperlY is. located_
<br />In the e-vent thai 'any prOVISion or clause of thiS llerd 01 Trust or the Note conftu;ts wi[h applicable law. such conflict shall
<br />not affect other proVISIOns nt thiS Deed of Trust or the NOIe which can he given effect without the conflicting provision~
<br />and 10 thiS cod the provniofll ot the Deed 01 Trusl and the Nore .are declared to be severable.
<br />t'. .....eI'.. Cap,. Borrower sh411 be lUfIll'ihcd " nm(ormed (Upy of the Note and of Ihis Deed of Tru.lit at the time
<br /><elf e.ecuUon or after recordation hereot
<br />174 TN8Ifer of.... ~y; ~ It all or ~nr par~ of I~C- Pro~rty or an ~terest therem IS sold or tra~erred
<br />oy Borrower Without Lender- s pno-r wrnte-n COf\M'nt. e.\.clutlms tit j me uahon oC a hen or encumbranc;e subordinate to
<br />lhi! Deed oi Tt1.nt, (b) the ereallon ot OJ purchase: money security Interest tor household appliances. (c) a transfer by devise,
<br />dacCDI or by operation of law upon the death of a Joml (en.llnt or (d) the grant of any leuehold interat of three yean or less
<br />not conlalni", an option 10 purchase, lender 01'1\'. dt 1 cnder', l)pllO-n. dt:darc all the sums secured by this Deed of Trust to be
<br />tmmedtately due and payable. Lender shaH have wal'o"C(j such opliCIn 10 accelerate if. prior to the sale or transfer. Lender
<br />..md the penon 10 whom the ProperlY Hi to be llootd l'f transferred reach agreement. In wrilin, that the credit of luch person
<br />IS safesfactory tu 1 crader and m,at the Intcr~t p.<1)'able ()f) the sumj, !+ccured by Ihts. Deed of Trust s.hall be at sIM:h rate as
<br />Lender shaH request. It tender has ~'al...ed the opllon tu ai.:celc:rate Jlrovlded In Ihls par.graph. 11, and if Borrower'llwceuor
<br />In mternt bas uccuted a wnltell Uiumphon agreement 3\:cepted 1I1 wfltmg hy l.ender. Lender shall refcuc Borrower from
<br />all obhptJons under this Occd of Trusl and the NOIe,
<br />If Lender exercise !Ouch option to IIccetCfiltC', I.coder !ihall miltl Rorrower nouce of acceleration in ao:ordance with
<br />para,raph 14 hereot_ Such noUce shall pro-Vide a pcrJ(~ ()j Ih'}t Ics.\- Ih.1n 10 days from the dale the notice is mailed within
<br />....bleh Borrower J1l&)' pay Ihe sunu dcduoo due If Borrower LIlI" In pa\ "ouch \ums prior to the expiration of such period.
<br />tcnd~'r may. ""lIhout fllrthC'r notiCe or dc-mand (In Borrower. nwnle iln) rcmcdln permuted by paragraph 18 hereof.
<br />
<br />NnN~L!'oiIFottM CO\'f.Slt.NTS Bocrowcr artt.i Lender hJrthcr C-O\iCnanl and agree as (ollowl:
<br />
<br />II, A<<~ R._ b<eflf.. pro."" In _..... 17 M_. ._ ............. ......... 01 _y <0._ <<
<br />..- of ...........r in I"'" DHd of 1..... in"'...... 'M ,'0.'"'' '0 pay ..lie. d_ nay _ _""" by IIIIa DaM
<br />01 Tr.....- prior '0 at'_ _ mail noIi...o Ierro.... .. pro."" In .......... I. ........ .,..,.,,..; (I) Il1o
<br />bnndll IllllIe ._ .......... '0 <U.. ..... _I 131 . d.... .... ... 1_ JO "yo f_ Il1o ..... IIIe untk. '" ........ 10
<br />.........r, by...... _.. _.. m_ ... ....r...: ..... I.' ,.... f...... '0 <u.. _.. .....,.. .. or ....... Il1o .... ......
<br />i. ,lie _ _y .- io ............. of ,... ..._ _...... by I'" 1_ of T..... ... .. 011... ........y, 11le_
<br />5.... ,........, ...... Bono..... of ,hi- ...., '0 R'...... .flrr act't'........... ..... tlM ...... 10 IINiIIe: . fOIl'" KtioII 10 __
<br />tltw ......~ of . ...... or a., utile. .'eItM uf 8orro...r to kcetenr.. .IHI 8IlIe. If lhe bnaca. is ... t....
<br />o. or lief... .... ..... .......... i. ,... _, I.._r ., I.._r', option ...y dod... all 011... ..._ _""" by dlIo DnoI
<br />of T... '0 ... _"y d... _ pay.... ..illoo'" fu""', de"_ .nd ....y i....... I'" ....... oI_.......y 01..............
<br />........... Illy ......- ..... 1_ shall ... .ntid04 '0 enllo'" . .._ <_ .... ..,._ i"",,"" in ......... IIoe
<br />..- ......... In lhio .......... ... ind...... b.. not Ii.._ In. .- _y'. f_
<br />M .It,r ""ft ef dho t!l iR"ekeII. T!1I5fff !i:haH ~tH'd . =wtkr of default iB i".1lI t......,. ill w.idIi .he Propen, or so.-e
<br />pan _ ili __ .... _ _ ...... of ..... _I<. in ,... .._... ............ by 0fIIlic.... .... '0 .......... .... 10 I'"
<br />_ ........ ............ "y ........... ...., ..\II...... ~ of _.. li_ .. ""y ... ......... by ........... ..... 1'_ oil.
<br />IIP''- _ of.. 10'''' po.-"" in.1oo _r "...,ri_ by .""1<.... ...., 1'_. "*_1 ......... o.
<br />......... _ ... Il1o '-"" .. ,.... _'ion 10 .... h....... _r .. .... 1;_ .nd pl.. .nd o_r 1100 ....... deoitl...od
<br />in Il1o untk. of _In _ or.... ..........M in _... or"'" T....... m.y d....-. T....... ",.y -'_ _ of .
<br />or .., .-wi 0I111e ,-",y by ,_ ____.. III '100 li_ and plan of .n, p",",-,y k'__...., I,._r 0'
<br />1.._......... _, ,....,.... 1100 "-"y at ..y _.
<br />lJ,.. ..... ... ,.,__ of .... pric~ .... T....ft ,JaaII .Ih-~r 101M pun-hMe' T""ft'!i dftd (,o8ftyiq the PFOJM'rt)
<br />r.GIIL 1lIIIt- ndIMII_ .... T.........".... ... ... priMa fwrit> ~..tKt' nf ,~ truth (tf the ~;tatelllC'ali m_ llwrein. Tf\l!lillce
<br />... ....,Il1o __ of I1w .... in '100 f_..~ _r. '.1'0 nil ..- ....... .... ..,._ of I'" _. indutli... ....,
<br />_.......... T........' ,... of noI tnoft..... _ 0 . J v{. of ..... I...... I8Ie prier. rr...... .......,.. fea .ad COils of
<br />~......: ...,... aM _ _..... "y Ihili 1_ of 1.-: ..... W lho .......If '.y, to ,... pc..... or ,._ ......y enlll....
<br />
<br />,t. -.....r...... 10 .m........ .....OI\\-llh-stanJms Lt.'n~ier\ iI\.1..t:'I-crall...n ,l! the '\\Irm 'cTurt.'d hv lhl''' Oc....d oj' lru..!.
<br />80nowcf 1fh"U have ,he nc-ht to h"\I~ ..ny pH)IlI:~mg~ hotgun by I ende, h' t'nhnn: lhl~ [)\.'"ed oi i rtI1!i1 ~h.)<.:ontlOut"tl at
<br />aft)' tune pn,(lf to the earher lO oc~ur of In Ihe fifth da)- bch-.n: lhe ,<lIe \'1f the Pro-p('r1~ pUhudnt In Ih\" r(l~Cr nl ...al~ L"\mlaIOC.J
<br />in Ih"Deedof lru~ ",'r tul en-lr.,- of 4: Jtn.ig.metll enfurnng ttli~ l>e-ed III T'1I1S.t" uti Bnrw'WcJ pa," lender all '>lIrn, "hll.:h \lnlOhl
<br />~ then due undc1' th.,,, l'Jree1J uf Tn'''" Ihe Nofe <\1Hi titlle" 'lICl:Urlog r\llun: <\dvan(:e'. II an..., h<td nn ......'....'el~r"ll\H1 l~I..Urrc-J
<br />,b} Btv'o\llt'e-r cur~ Ill! brc..~n..:!I. ,>1 dH) {l'~f Lt.ht:nd''th Of <lgrt'ernenl.. 1,1 U-orrnw~r \. ,mlalnt."J H") Itw, 1H.-~d Ilf '01"1
<br />H.J IkJff-ow-ct P!\~!'o .H t~.',on..hk e"pienlC... HKllffelJ tv. I ('ndel dnd 1 rtl,,;lec Hl l.'f\lprnng tht' \,\'H"Il.;'HIh i1nd a~n."t'nlt'nl\ ,.!
<br />fl.otflWtttr l.:l~_t.m~ In Itu'!t l.)rxtJ ~11 rru'\t iJllO H'l cn'of\.lng l ellder.. .In;.1 Tlu"'rt.. rt'mt"dH:-~ ;1\ pf\l\ldn,1 III p.3I11~fdr'h i"l
<br />;~.~f. H\(;jd4.hn.. hut out 10m-He'd 10, n:.;u.ooa-bk- attofne,... ke,. and IIi> ilofh......cr I~k.e... '\uIl.-h ;t<e!l~HI .t" ll:mJcr H\;l\ 11".",\1<.\111\
<br />!eqlHrt: h. ~~!IoUlC in..l Ih(' lu:o llf fhl' l>et'-d "I Ittl\1 I (:nlier.. lnl~f"("..l I" the Pf(~PCfl\ .t'ld H.lr!\'\O,t;"I.. ,,"il~.tlh'n 1,> ,'.:\'
<br />
|