|
<br />84- 002301
<br />
<br />9. C...-e......... The proceeds of any award or claim for damages. direct or consequential. 10 connection with any
<br />...-:ondemnalion or otber taking of the Property, or part thereof. or for conveyance in lieu of condemnation. are hereby assigned
<br />and sh.1I be paid to Leode1',
<br />In the evenl of a total laking of the Propeny, the proceeds shall be applied to the sums secured hy this Deed or Trust,
<br />with the excess. if any. paid to Borrower. In [he event of a partial tak.ing of the Property, unless Borrower and Lender
<br />otherwise agree in writing., there shall be applied to the sums secured by this Oeed of Trust such proportion of the proceeds
<br />as is equal to that proponion which the amount of the sums secured by this Deed of Trust immediately prior to the date of
<br />lakina: bears to me fair market value of the Propeny immediately prior to the dale of taking. with the balance of the proceeds
<br />paid to Borrower,
<br />If lhe Property is abandoned by Borrower, or if, after notice by Lender 10 Borrower th.t Ihe condemnor oilers to make
<br />an award Of settle a claim for dama@eS. Borrower fails to respond to Lender wi~hin 30 days after the date such notice is,
<br />mailed, Lender is aulhorized to collecl and apply Ihe proceeds, at Lender's opllon, ellher to restoration or repair of the
<br />Property or to the sums secured by this Deed of Trust.
<br />Unless Lcnder and Borrower otherwise agree in writing. any such application of proceeds to principal shall not cxtend
<br />or postpone lhe d~ dale of the monthly in.'lallmen.. rclerred 10 in paragraphs I and 2 hereof or chan.. lhe .moun~ of
<br />~uch installmentl,
<br />II. ......wer Not....... Extension of the time for payment or modification of amortization of the sums secured
<br />h)' this Deed of Trust granted by Lender to any successor 10 intert':5t of Borrower shall not operate to release, in any manner.
<br />the liability of l,be original Borrower and Borrower's successors in interest. Lender shall not be 1'eC:1.ui,red to commence
<br />proceedinp 3galOst such successor or refuse to extend time for payment or otherwise modify aQlOrtiZation of the SUlnS
<br />\CCured by this Deed of Trust bv reason of any demand made by the original Borrower and Borrower's succ:eaon ill intereSt.
<br />II. F_"Y LeswIH Not a W_r. Any forbear""c. by lender in exercising any riShlor rellledY hereunder, or
<br />olhel"Wise afforded by applicable law, shall 00' be' a waiver of or preclude lhe exercise of .ny such ripl or rellllldy,
<br />The procurement of insurance or the pa)tncnt of taxes or other liens or charges by Lender shan nol be a WaIVCf' of Lender's
<br />right 10 accelerate the matuna)' of the mdcbtedness secur~d by this Deed of Trust.
<br />U, R_ c..........., An remed_ prOVided m IhlS Deed of Trus' are distinct and cumulltive 10 Iny other righl
<br />or remedy under thiS Deed of Trust or afforded b... law or eqUil}', and may be exercised coocurrendy. inclepcndendy or
<br />succeaively,
<br />I 3, SIK~..... "..... .......: I.... ..... Sev_ lJaIoIIIly; C......... The covenlnts .nd aa-nll herein
<br />~ontained s.hall bind. and the righl5 hereunder shall inure to. the respective successors and assiam of Lencle..- and BorrOWef.
<br />subject to .he prov....,,,,, of paragraph J 7 hereOl All c"venan" and agreements of Borr_er shall be joinl .nd _I.
<br />The captions and beadiolS of the paragraphs of this. Deed of Trust arc fOT convenience. only and are not to be used to
<br />Interpret or ddine the provisions hereof
<br />..t. Nodre. Ex",-'ept for any notice rrqulrcd under <tppllcablc law fo be, given in ~lDOlher .manner. (a) any notice 10
<br />Borrower prOVIded for m Ihi> Deed 01 Trust snan be given by mailing such nollce by <..rI1fied mail addreooed 10 Bo_r at
<br />the Property Address or at such other .ddress as Borrower may designa.e by no.ice 10 Lender as provided hemn, .nd
<br />I b) .ny notice to l.ender shall be I'""n by certified mail. return re<:eipl requesled. to Leode1"s adcbea stated henlift....:to
<br />,uch Olher .ddress at Lender may des,..,te by noti<:e to Borrower as provide<' herein, Any notice provide,LfO!' in dlit
<br />Deed of Trusl shall be ~ to ha.e been gtven to Borrower or L.ender when liven in lhe manner desiJu,1ed "'rcln,
<br />15, l.'..w- DoN ... Trwot: Gonnllllll.aw: So.en....t,., ThIS form of deed of Inos' combines uniform covenants: fOf'
<br />n;ttlonal me and non-umform covenants WIth limned vanattons 1:1) )urisdtC-llon to constitute a uniform security instrument
<br />coverinl real propert)' Th~ Deed of Tru~n ~hall be govt'rned hV Ihe law of the Jurisdiction in which the Property is Iocaled.
<br />In the eve-nt that any rnOV1$10n or clauS(' ot thl'!i Deed of Trust Of the Nl.lle conftict.s with .;:.pphcable law. such conftiet shall
<br />not affect other proyumOli of thiS Deed of Tru.\1 or the Note which can he given effect Without the conftietinl provision.
<br />..nd 10 thl.~ end the prOViSIOns. 01 the Deed of rnnl lind the Note arc declared to be severable.
<br />.6. ........-e,..s COfJ. 8..UTowcr shaJl bt, furmYlcd a o;;:ontormed l..'O-py llf the Note and af this Deed of Tn"1 at the time
<br />of ex.ecutlOn or a,h_ ~t.. ,hcreof~
<br />.7, T.....er 0I1Ile "'-"n .4..-........... 1f.1I '" any part of Ihc ProperlY or an inleresl theteltl is !Old Of' transferred
<br />hy Borrower ....thoul Lender's prior WI1(!e" ~nl. exclud.ng (a I lhe oreation of a lien or encumbrance subonlina1e 10
<br />tht$ Deed of Trust. th) the creation of a purchase ffiOf\CY security interest (or household appliances. te) a transfer by devise.
<br />docent or hy operauon of law upon the death of a JOint tl::Ollnt Of t d) the gra.nt or any leuehokl interest of three yean or leu
<br />not contalntn, an opClOn to pt1f"":hase. 1 coder mn. 1\t 1 t:Of.xr's optIon. dltcla.re all the sums IeCwed b)' this Deed of TttlJt to be
<br />,mmcdllllely duo: and pa",ble, l..,fMkr mil h.... "'."'00 such opllOn In acceIerale if. prior 10 lhe sale or tranofer.Lender
<br />and the penon 10 whom tM Property 15 to be soW or tfan5fe.rred reach agreement in writin, that the credit of such penon
<br />IS sallst.ctory 10 Lender and that rhe internt payable on the ,urn. secured by thi> Deed of Trust shall be 01 such ..te as
<br />Lender shall req_._ If Le....... has wa..ed the 0"'_ 10 accelera'" provide<! in .hi> pan,..ph 11, and if Borrower's_
<br />In mtefa;t has ex.ccutcd a wonen USumptlOO a.reemenl accepted Ul wntmg by Lender, Lender shall relcue Borrot!rer: -from
<br />all oblipllCtns under this Deed of T.....t and the Note
<br />If Lender ~-xerci~ such option In llCt.-elente, Lender shall mail BotTOwer notice of acceleration in accordance with
<br />pangraph 14 hereof. Such oouce .h.lI pro..de a perto<! "I nN less Ihan 30 da}'l from the dale the notice Is mailed within
<br />wh.ch Borrower mil)' pay the $ums declared ~_ If B.)no~'er falb. to plly such swm prior to the cxpiration of such period.
<br />Lender may. Without further noUcc N demand on Borrower. Invoke an) remedies permitted by paraaraph 18 hereof.
<br />N{)N~lJNlFURM CoveNANTS Sorrowa' and Lender turtbe:r-covenant and.pee.. fol-loWl:
<br />1M, "....._iuIl; R_ b............. Ia.......... 17"'''''', .............a...... eI.y.._..
<br />._ of _ ill Iloilo 1_ oflnost, _...... IIle ''0'_ '0 .., _ _ .y - _1InCI ..,. ... .....
<br />of T.... I.etMIer ....... 10 ....-... ...... ... _ti<< 10 ..........e. .. ....vic1e41 ill .......... 14......., 1plIdf,... (l) ....
<br />Ian_: U I IIIe ..tiDeo ~ 10 <u.. ....'10 Ian_. III . ....e. .... '- ..... 30 ...,. f.... I'" ... .... IIOlIce .. ......
<br />......._., .., ..-....10 _10 _10 .... II< .'_. .... 1411.... faihlft 10 .ure _10 ....... .. .. """'" .... ..... IfIHIIeoI
<br />io .... _e ..a, .- I. ............. of Iloe ..._ _._ h) 110;' 1_ of T..... .... oale '" .... ........,. ...... IIOlke
<br />__ f..,.... iIIf_ ....ro.... ... IIle .."I 10 .w..c... oller ........... ..... I.... ..... 10 ..... . .- ....... to _It
<br />.ho --..,lote_ ... . ...It or an, 01.... .f_ of ............ 10 ....-de....... .... u1e, If the ......... io .... ..nII
<br />o. .or Iod_ .... _ ....... i1111le _. Le_ at 1._', ......... ...,. "!are .. '" the ..- ...e...... hy lloia DoN
<br />0' 'l... 10 II< ~el, ... an" ,.,_ ..it_ f..,.... ........ ..... ..., ;","e IIIe po- 01 uIe .... .., ......r ..-.Aiel
<br />..-... It) ...-- ....., 1.etMIer.... II< eneiIW to .....<1 all ..-.- ...... an" n.._ In........ io ......... the
<br />....... .....icIo4 ill .... .......... I'. inchollilla. ..... _ 1i..1Iec1 10. r--we --y', ,_.
<br />If .... _.. 01 _ io ill......, TI1I!lIee .... ......... . _e of .'u1. io _It ._,. Ia ........ IIIe Properly or ...me
<br />part .......... Is __ .... .... ... ....... 01 _.. _i<. let .... __ ..-ribttI hy .......- .... '0 .........e. .... '0 .1Ie
<br />...he<....-..--.II.., ...--...., Alse. I""...... of ...... 1_ .. _, lie ""'..... "y ....... ..... Tr_ oIoaII
<br />.... ..... _ 01 uIe to IIle .._ ..... in lhe ...._ ,.......rlhecI 10) .....k... .....l_ ...it_t ..-.. on
<br />-"'-e<. ...... IIle ",-", at ..... ....._ to I"" "ic- ....... at I"" tl_ ..... pi...., ..... .n.. lhe 1"- duipMecI
<br />;,,1Ile _e 01_ .. _ ... __ ...."'" .... in _It ..... .. 'l_ _, ._. T_ -, ....._ uIe 01 01.
<br /><or ., pcoratel ..... '......, hy ..... _e_ at I'" 1_ ..... pIa<e of .., ....._, ............ -, I.e_r or
<br />b..... ____ _ .....-.- fM '_'" II .., _.
<br />I,,.. ........ ul __ ul III< prO bid. T..- ..... lIeIl.ec' 10 lhe pun:_ Tr_'. .- a...,..,-i,. the ...........,
<br />.--. 110e ndtaIo ill .... ~'. .- ..... lie ....- _ eo_ 0I1Ile truth '" the .._ ..... thereiB. 'f""-
<br />..... .....,. ..... ....... 01 .... .... ... ... ............... ...-.lor. la' 10 011 ""........we ...... and n_ ... ..... ..... in<......... bul
<br />_........... T.-'. _01_ noon: _ ., 011'1;, ofllle.......... prino....-hIe 111_" r___oI tltW ...--.
<br />1......._--..... _ _of I...... amil<.! .....n......,if 110'.101"".-"""'........-.. iopii,..1iIIod i1w...,IQ,
<br />I'~ -.........r...... Ie 1leIIIIIt8Ie. l'totWi1tu.tlindlRI LenUer'~ d,:~derahun of the \-lIfTn ~-c-~'un:d ~, {hI" Ot"ed llf l! u...c
<br />Borrower !ihait have the ,.a,hl to han an\, proc<<dmC"!. he'fUn b", 1 cn-dc-t to enftm.."C lh-1-1i ~d of J nt,t th!!r.contlnllcd at
<br />an,. tunc "tOt t-u dw Cilrhcr 1(1. oc'li:'ur oJ h) the fifth d.~' bc-to1e the \ale of It\e Pr-opcny pl.u,uant 10 the po,,"cr flf uk COI\ll.tlut,"'ti
<br />Ul lb... Deed of lrtlit fW (u) tMf)' of a JudJn'Nmll:ntornntf- thIS Deed of Trust If (al Bf'rro~ef pa)-" tendcr all SI..Hlh w-htt..'h wI,mld
<br />be tMa due. ~ lft.t), Drcd of TftAI, !he' NOlt' and m.\tt!s ~-curtng FtltufC Ad"iilm::f:,~. It an", ha\.' 11-t\ a\,__~dn.HI(\n nc":uff\.,,,y.
<br />lhl Botr--tl'WCf -,=,ure.. .U breaches of any t.-;.the, t;f-lwnlloh nr ilgr-eeme-nh of a.on'O~'el ('ontamcd !n tt'm. l)CCd ..,f T I'llst
<br />(U 8un~ pilyt, aJt rC'~lnabtc C::'J*lC'\ JfiUj.fred b\ I e-ndC'r and Tru'Jlec: IH entM'CUtg the -.;..n\'u.-\llh and .,~r-...-e1l1~""h III
<br />~Cof t."t.mt.lIK!:d "t ftu:.l)eed tll Inut aod m eotofooll Lt'ndef'l&. ,and lnl'\-(t~(,'" ferTlcdf(!'N"" phwu.tt."d II) p<H:ttltrtph I:'
<br />ht,r<<,t. tndu.d..> hut Dot !tntlted h.'1. ,.,a,~-bk: lltt-on-lc'i\ ft"~, and It.!) 8ornYW1:f lalt.e.~ w.;h lKH\'\O ;U l ('OdCI' nun n.'Jl'i-I'''':it'lh
<br />r~q:tft.fll' 1.0 U'\-Uft: the.t the! t~ft of lhn, l~ 01 runt. I ~n-dt:t-, ml("r~f '" lhe PH\pi:'ft\ and 8\Hnl\"'t'f"" (.t.haUtlH1n h' 1',\\
<br />
<br />
|