|
<br />84.....
<br />
<br />002285
<br />
<br />9. C' 1 n. The proceeds of any award or claim for damages. direct or consequential. in connection with any
<br />condemnation or other takiol of the Property. or pan thereof. or for conveyance in lieu of condemnation. are hereby assigned
<br />and shall be paid 10 Lellder,
<br />In lhe evenl of. total laking of the Property. the proceeds shall be applied to the sums secured by this Deed of Trusl,
<br />with the excelS, if any. paid to Borrower. In the event of a partial taking of the Property, unless Borrower and Lender
<br />otherwise .... in writin" there sh.1I be applied 10 the sums secured by this Deed of Trusl such proportion of rbe proceeds
<br />as is equal 10 that proportion which the amounl or lhe surm secured by this Deed of Trust immedialely prior to the date of
<br />lakia, bears 10 the fair market value of the Properl}' immedialely prior 10 the dale of laking. with lhe balance of the proceeds
<br />paid 10 Bonower,
<br />If lhe Property is .bandoned by Borrower, or if, after nOlice by Lender 10 Borrower th.t the condemnor oII'en to ~
<br />an award or settle a claim for dam.ga. Borrower fails to respond to Lender within 30 days after the date such .DObce is
<br />maiJed. Lender is authorized to collecl and apply lhe proceeds, .1 Lender's oplion, either to restoration or repair of the
<br />Property or to the sums secured by lhis Deed of Trusl,
<br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds 10 principal shall not extend
<br />or postpone the due dale of the monthly installments referred 10 in parasraphs I and 2 hereof or cban.. lhe .mount of
<br />such i_llments.
<br />I', ......... Not ....... Extension or the time for payment or modification or amoniwlon of the sums secured
<br />by this Deed of Trust panted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
<br />the liability of the ori,inal Borrower and Borrower's successors in interest, Lender sball not be requized 10 commenee
<br />proceedinp apms. such successor or refuse (0 extend time for payment or otherwise modify amortization of the sums
<br />~red by this Deed of Trust by reuon of any demand made by rhe ori,inal Borrower and Borrower"s succeuon in- interest.
<br />.1. F~"" LntIor Not. W...... Any forbearance by Lender in .,.e",isio, .ny tI,bt or remedy hereunder, or
<br />o.herwise alforcled by applicable law, shell not be a waiver of or preclude the exercise of any sneb riaht or remedy,
<br />The pmcurement of insurance or the payment of t..... or other lieDs or che.... by Lender sball not be . w.iVlll' of Lender's
<br />nlbt to aculerate the malurity of the indebtedness secured by this Deed of TrUlt. ,
<br />12. ._.... C~. All remedies provided in rhis Deed of Trust are distinct and cumul.tive to any other naht
<br />or remedy under this Deed of Trust or alforded by law or equity. and may he esen:ised concurrently. independendy or
<br />s~ ... AaIIpa -.....; ,..... ... lie..... ~ C........ The covenants and ..-nll ~
<br />contained shall bind. and the riJllts hereunder shall inure to, the r_ctive successors and usi.... of Lender .llnd.llOm'Iww.
<br />subject to the provisioDs of puaaraph 17 hereof. All covenants and agreements of Borrower shell he joiat..-"',
<br />The captions and hcadiop of the ......raphs of this Deed of Trust are for convenience only and .re not to he tlIClt'tD
<br />; nterpret 01' define the provisiom henof.
<br />I" Nalke, Except ror any notice "",wred under apphcable taw to be given In .nother __, (.) aJlY nolic:e to,
<br />Borrower provided for in this Deed of Trust .hall be given by mailln, such notice by certified mail ,.........IO......,....at
<br />the Property A_ or at suclt other addreas .. Borrower may dai.....te by notice to Lender as ~, ~, 1il!lI'
<br />i h ~ any notice to Lender .....1 he Ii- by certified m.il, morn receipt req_ed, to Leacler's .-..-.....fltiJanc..,;ul
<br />.uch other add... as Lellder may clelipate by notice to Borrower as provided herein. Aay notice providiIIt'.f<< m"~
<br />Deed of T nISI dIaIl be deemed to bas.., been given to Borrower or Lender .men given in the IIWIDClr clelil!lllted ......Il.
<br />15. U..... 0eeII .. TIWl; c-.IIfIl..-. Se1I..~. This form of deed of lrust combi_ uniform ~tor
<br />national use and non...umform covenants With iimlted \-,.riations by jurisdiction to constitute. uniform security i...........
<br />coveri... ....1 property This Deed of Trust sball be gov.rned by the law of the jurisdiction ia whicb the Propert.)' 31oc:lllecL
<br />In the evenl tbat any pto..Slon or clause of thlS Deed of Trust or the Note conflicts wilh applicable I.w. sneb Conllict .....1
<br />not affect other proVIsions of this Deed of Trust or the Note which can be givet! eIIeo.'l withoul the c:onfticlia. prnviIloo.
<br />and to thll end the l'JftWisiona of the Deed of Trust and lhe- Note arc dcdared to be severable.
<br />16. ____ (ApJ. Borrower ,hall be Iur~ a c""formed copy of lhe Note and of this Deed of Tl1!SI.l!he tifttc..
<br />of e.ecation or after recordaIi........,.
<br />.,. ........... 1M.......,.' . I" .<1' .119' .... jlUtof the Property or an in_ !hereill iUold.'f~~~,
<br />by _ ~ Lender's pri""'____ _t, ei"lodin, lal lhe creation of a lieD or _hnda~:~
<br />rhis Deed of Trust, (b) the creation of a purchase money securny inlerest fOl' houIehokl appI~ (c) . trlI1lIfel'hy~
<br />descenl or by operation of 1_ upon the death of a loint tenaot or (d. the arant of any leaaiehold ia_ ofth_ yea,.,ar,,,,
<br />not """tainiDJ an oplion '" pun:baa, I",oder may, at Lender's option. declare all the sumo -..red. by thil Dead. OfT.... .. '10.. ...'t!e.. '
<br />,mmedillldy due .nd payable. Lellder shell have .....ved suclt option to a<:ceIente if, prior. to the ..lit or.;""':''''':
<br />and the penon 10 whom the Property IS 10 be sold or transferred rem. a.........1 in WriIlDJ_... the.Credi... ..,t.... O.f._.. ...'.1\...'.1*.,.. _...'...'.,..'.. ..
<br />IS ..lisfactory 10 Lender and that the intmest payable on tbe SUIllS secured by this Deed of Ttust shall, he at audI: ,.,...;
<br />Lender shall.....-, If I..encIer has waived the option to accelerate provided in this ,....,.pilI1. .....ifil.llrI..~..1 Jf1'!,C;
<br />10 ._ h.. __ a wril_ _mpttoa .........1 aa:epltd in ....fiDJ by Lellder. Under sIuiD re.....,.a-r-;f"'!Il.
<br />all obIiptions under this Deed of TrtlIt and lhe Note.
<br />If Lender eun:iMs such option to accelerate. Lender shall mail Borrower nOIice of ~ioo in ~""itlt
<br />para&nlflh 14 hereof, SlIdI _ shall pIOVlde a period of not leu than 30 days from .... date .....~;..,....."~
<br />wltidt Borrower may pay the....... declued due, If Borrower rails to pay .""h -. prior to the a.~of;""period.. .
<br />Lender may, without further notlCC or demand on Borrower, tovoke any remedia pemtiUed by .......... ........,.
<br />NON.ljN'FOa" COVIIJl.NTS, Borrower and lender further covenant .nd a.... as f......:
<br />.1. A__....,........ E.anJII.......... 101 .......... 11 ......, ..... -..-.. .....,...'
<br />..- .. ...... . tllla 0eeII of T-. ......... 1M ~ 101 .., ....... ....'.....'.-
<br />of T.... ~ .... Ie ............ ... .. ......, ...___. ........... ........... .4 ....,. .
<br />.......; (ZI.1Ie ..... ....... Ie ~_.... ___ Ill. .... ... ....... 31..,.....,.. ~.... ....
<br />...._. .., .... _..... _ lie <lIRlI; .... (4).... f...... fa __......... _. .........'., .'. . .:, '
<br />i. .1Ie ......, _ ..... . ............. .. file __ ___ It, IIIIa 0eeII .. T.. ... .. .. ............,. 'Oii,:....
<br />..... ........ ioof_ ...._ .. 1M .... 10 .......... .... ............. ... 1M rW ... .... .................
<br />tile _.._ of . ..... or .., ot.... *'- of ........... to 8<.......... ...... U 1M ...... It........
<br />... or ..... 1M .we ...... . file ...... ~ .. .......... .... ..., ....,., . .. 1M _ -.... ... .. .....
<br />of T_ .. lie 1 ~.. Jl 1 .. .........~.._._ _ .... _ laVlllle 1M __ ....... _, ...... .......
<br />........... .., ............. ~... lie ulitW to c..tIod . .......... __ .... n..- ...... 101 ...... 1M
<br />....... ......... 101 ............. I" ........ .... _ ........ to. .......... -''' ....
<br />H'" __ of .. iI.v...... T_ ... __ . -a of ..... . ead ..-, ill ..... 1M ....., or _
<br />"""'........ III ................ ....... of ... ..... . 1M _ ..-riIIelI~fly .....a..-.........
<br />..... _ ---.. fly ............. After.lIe.... "I .... _ . ..., lie ..,. ......... .... T.........
<br />Jive ..... ..... .. .. .. ... _ .... its IIIe _ ..-..... It, . .... T-................
<br />a..-. ..... .. ... ......., .. ..... ....... to file ....... ..... .. file _ .... ..... .... .... file _ ...........
<br />. tile....... "111_ or _ __ ... . ... ..... _ T_ _............ T_...,...--.....
<br />or _, ....... tile .......,. ..,. ..... __ .. .1Ie ... .... ..... of .., ........, ......... "'LntIor or
<br />........ ........ ..., ........ ... .......,. .. .., ...
<br />t,... ..... .. ...- of file prim .... T_ ..... ...... .. file __ ~'s ...... .......,... file .......,
<br />..... 'hie ..... III .... .,........ ...... .... ... ...... ,.. e....... of 1M ....... of file _ ... dlanIII. ..........
<br />.... ... tile ........ '" ...... . ... ......... ....., ...1 .. ............ _ ... e....... of file..... ......... ....
<br />_~... T_'............ _"'" or I""" iloe _..... ...kt. ,............._,.. r-__"'tldcn'iIIence:
<br />"...._---'... ...u..... 'lnM1....'d fllee_ if _,. ............. _lopIly.................
<br />... ................ ---. Norwrlbitaodm, l",oder'. a",..!erati"" 01 lhe s"'US secured by IhlS Deed of Trust.
<br />Borrower sbaII have the riIIM to ha.. any proceed",,, beau. by tender to enrorce this Deed 01 Tnt.. discontinued at
<br />...y _ prtOr to the ......... to "",",tlr..1 ("Ih<> filth day belore lhe "'"' of the Pmpeny pu.......nl 10 lhe power 01 ..le contained
<br />'0 misDeed 0'1 Tnm or I..ilenlt')' of a i~ emo,..,in. thl> l)ecd of Trmt il: {al Borrower pay, bnde.r all sums ,,'hich "",uld
<br />be tlllo due. "'*" .h_ Deed tlf Trust. lhe Note and nota. veltn", F-uture "'-(tv.neel. If any, it,ad no at.i'i:.elfJ:n;hon occurred'~
<br />(bot 1Ior.~, cum .U bracba of an, O:IMt ~ovenanb or ~u of 8mJ('''''~1 ctmtlmed In th..." l)ecd of Tnm:
<br />~~) Icwtmwu ~ .u R-a:K>>Ulbic e1tpcntm. i1,curred by Lender .nd Trustee: in enfnrcmc t~ coveuanb and agrccment" of
<br />..~ CiOf'ibiDed", tbtt- Dtcd 01 11m! and J.tl enforclA' I--C'nde,'. ..nd Tf'U\tce', ren1ed* ., pt'"ovujed In ~lar-agra-ph 18
<br />"-tt:ot ~~ -but 1)01 hINter! 10. ~ attorney', fe~; and fd) Borf'OWer t~k" "l:~h .Cth'1lf\ a~ j,enoo.r mav fe~~ttAahl\'
<br />rCfiIUiJC l(l 1iDUIC' t:.... the lMl'A 0-1 tlullJreed of ~rNJt, I endct<~ imere", ff\ 1M- Property and 8on'o...~t'J ohh,l8lH,m h~ pin
<br />
<br />
|