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<br />84- 002304 <br /> <br />9. C......... The proceeds of any award or claim for damages, direct or consequential, in connection with any <br />condemnation or other lakin, of the Property. or pIIIrt thereof. or for conveyance in lieu of condemnation~ are hereby assigned <br />and shall be paid 10 leDder. <br />In the evenl of a total talting of the Property, the proceed. .hall he applied 10 the .um. ..cured by this Deed of Trust, <br />with the excess, if any, paid 10 Borrower. In the event of a partial taking of lhe Property, unleM Borrower and lender <br />otherwise agree in writing, there shall be applied to the sum. secured by this Deed of Trost such proportion of tbe proceeds <br />as is equal to that proportion which lbe amount of tbe .um. secured by Ihi. Deed of Trust immediately prior to tbe date of <br />talting bean to tbe fair marltet value of lhe Property immedialely prior to the date of talting, with the balance of the proceeds <br />paid to Borrower. <br />It the Property i. abandoned by Borrower, or ir, after notp by Lender 10 Borrower Ihatthe condemnor olrers to llIllIte <br />an awanl or setde a claim for dama.... Borrower fail. to respond to lender within 30 days after the date luch notice is <br />mai...., lender is authoriud 10 collect and apply lhe proceeds, at Lender's oplion, either to restoration or repair of the <br />Property or to the sums secured by this Deed of Trust. <br />Unless lender and Borrower otherwise agree in writing, any .uch application of proceeds 10 principallhall not extend <br />or .-tpone tbe due date of the monthly installments referred to in paragraphs I and 2 hereof or ehanse the amount of <br />.uch iMtallmenh. <br />II, ........ N... R........ Exlen.ion or lhe time for payment or modificalion of amortization of the .ums secured <br />by this Deed of Trust ~nted by Lender (0 any successor in interest of Borrower shall not operate to release, in_ any ....imer, <br />the liability of the onpnal Borrower and Borrower's sucussors in interesl. lender .hall not be required to com_ <br />proceedin.. agains' .uch IUCCCIIOr or refuse '0 extend time for paymen' or olherwise modify amoniZation of ,he sums <br />secured hy Ihis Deed of Trust hv reason (If any d~mand made by the original Borrower and Borrower', suceesson'in- irtten:tt. <br />II. t''''''"--<e Joy letolIOr N... a. Walwer, Aoy forbeara""" by lender in exen:isin. any ript or mnetlfo~,!lr <br />otherwise afforded by applicable law, shall no' be a waiver of or preclude the exercise of any .ucII rillli' or mnetlf' <br />The procuremen' of insurance or lhe payment of laxes or otber liens or cha.... by lender Ihall not be a waiver of lender's <br />right 10 accelerale the maturity of lhe indebtedness secured by this Deed of Trusl. <br />12. R-*o C~, All remedies provided m IhlS Deed of Trull are distinct and eUlllUlative to any otherri,," <br />or remedy under this Deed of Trust or afforded by law or equity, and may be exercised COlICIII1elIlIy, independetdly or <br />succeaively. <br />13. Sooe.-'" "...... ......; J_t ... lie..... I~ c...-. The covenanfa and aareementa hetein <br />contained .ball bind, and the righ'. hereunder .hall inure 10, the respective successon and assiJllX of lender .nd~. <br />.ubj<<! to the provisions of paragraph 17 hereof All covenants and agreements of Borrower shall be joint --" <br />The captions and beadinp of the paragraphs of this Deed of Trust are lor convenience only and are not to be ""'0 to <br />lOle","" or define the provllions hereof. <br />14. Nedee. Except for any notice reqUlfed under applicable law to he given in another manner. (a) illY notice to <br />Borrower provided for in this Deed 01 Trust shall be given by mailing such notice by certilled mail addressed to &otrower at <br />the Propeny AdcIreu or at such other addrna .. Bo....,....". may designa'e by notice to Lender as provi4edhenin, alJ!l <br />I b l any notice to lender shall be given by certified mail, return receipt req","ed. 10 lender's adcIreu Ilaled hetein ~1O <br />such other addrna as lender may desi_te by noti<:e to Borrower a. provided herein, Any lICllice pnwitIed' for in, 0. <br />Deed of Trusl .haIl be deemed 'u have been given to Borrower or lender when ,iven in the maancr ....._ .btnilL <br />IS. U..... DonI '" Tnoot; GeoenIoIIl .....; liev~. Thi, form of deed of trus' combines uniform Covenantalix' <br />national UIC and non-uniform covenants with limited variations by jurisdiction to constitute a uniform security il1lb'lllnellt <br />coverin, real property. This Deed of Trusl .hall he BOverned by the law of the jurisdictwn in which the Properly is Iocallld, <br />In the event thai any proVISIon or cla_ of thll Deed of Trusl or .he NOle confticls wilh applicable law, such conftie! shall <br />nol affect other provisions of thl!. Dreed of Trust or lhe Note which can be given effec1 Wi1hou1 the conftictin. provision~ <br />and 10 this end the provisions of the Deed of Trust and the Nole are declared to be _crable, <br />I'. .......... c..,. JIorrower .hall be turOlshed a conformed copy or lhe Note .nd of this Deed of TrtIIl at the n- <br />ol execution or after reconIaIion henoI, <br />b D~~~ ~~" I' " .. If III or alodny part o)r t~ Property orf a"l!nterest therei~.!!~_~~ <br />y aun\1'llJS'l Wlu...... S prior *nUm consent. ex.c In, t a III" creation 0 a ten or encum............ auQUlu"', tIU <br />Ihi. Deed of Trusl. Ib) the creation ol a purchase money secunlY interest for houoe"'1..~_' (e) at,..{er by deviae. <br />descent or by operation of 1_ upon the dealh of a joinl lenan' or (d) the aranl of any in_t of thnoe years or .... <br />not con'ain.n, an option 10 purchase, Lender may, al Lender's option, declare all the sums secured by this Deed of TruIt to he <br />Immediately due and payahle. lender shall have wa.ved .uch option to accelerate if, prior '0 the sale ot' transfer, ....... <br />and the penon to wbom the Property io 10 be sold or transferred reach agreemenl in writilll that the credit of IUCh penon <br />i. salisfactory 10 Lender and thai ,he inleresl payable on the .ums secured by this Deed of Trust Iball be at IUC" rate as <br />Lender shall req_. If tender has waived the oplion to accelerale provided 1ft this pa.......phI7. atld if JIorrower'._ <br />'" in_t has exe<:uted a wnllen asaumplion aareemeOl accepted in writin, by lender. ....... shall reIeue~.rr- <br />.11 obIigalions uDder Ihis Deed oI TrIIIl and the Note, <br />If lender exercises such option 10 accelerale, Lender shall mail Borrower notice of acceleralion in ~ with <br />paraaraph I. he_t. Sucb nobCC ,hall pro~ide a perIOd of not I... than 30 days from the date the notice i. maitell willlitt <br />which Borrower nllY pay the swns declared due. If Borrower fails 10 pay such lums prior 10 the expiration of IUCh period. <br />lender may, wi,houl funher nolice or demand on Borrower, ,"vo~e any remedies permiued by parap.phll! heteof, <br />NON.UNIF..M COVIlNANT5. Borrower and Lender further covenan' and agree a. follows; <br />II. "................... E... _ ,...wo.I .. ......... 11 ....... .... _____ ..... .. .., _ .. <br />__, of -......er I. ... DonI '" T..... ........ .. Q~_ t. JIll)' ..... ... _ _ ___ Joy tIlIt ..... <br />of T..... t,,'" ..... to ao:.*- ... ..... -We '0 .......er _ ...V'" .. ......... 14...... ....,... m .. <br />_..; Il, t'" _ ......... '0 ."" ..... "'"""; (3) . ..... _ 10M t_ 31 ~ ,_ the .... the ...... II ..... .. <br />.......H. .., .... ..... _.. _ be .......; .. C41 _ ,...... to ..... _.. ..... _ .. W_ .. .. ....... <br />i. t'" _lee _ ........ in ......... of .... 111_ ........ Ity ..... DonI '" T.... ... .. '" .. .......,. TIle...... <br />... '1111"" ltof_ ........ of t'" rialtl 10 reiasIale alter ......... ... t'" ..... to ..... . .- _ to _ <br />t'" ....,....... '" . .._ or ..y 01"', de... 01 "'ro.er to 1I<<l1endoa ... sale. If t'" _.. .. _ e..... <br />... or ..._ t'" ... _... .. t'" ..... 1.eMer at ""-'1 ...... _, ded... all '" .. _ ....... ., ..... DonI <br />01 T.... to ... _e1, ._ .... ...,._ ..it_ IlIrther ........ ... _y ...oloe the ...... '" .. ... ..y ......r ......... <br />........... Joy ...._..... ...... _ ... elllitlM to <oiled all .- <_ ... ~..._ I........ I. ......... lite <br />...... ........ .. ..... -""" '1, ............ .... _ lloalt.. to, .- _"I 1_ <br />ft .. ...", '" .. io ......... T_ _ _on! a aoti<e 01 ..u1. .. e.... <....y i. ..... t'" "-rty or some <br />..... ......... io __ ... ... ..... ...... of _.. _lee .. t'" _. ...-.... Joy ........... .... to ......we. ... to t'" <br />....... _ ..-.... Joy ..............., "',.. t'" '- of III'" tl_ _ ...y ... ......... ., ....._ law. T_ _ <br />.I.~ ..... ....... '" .. to lite ..- ... i. ,... _r ,....._ Jo, 1lJIIIIi<- law, T-. .......... de_ .... <br />......H. ... sell lite "-,,, at ..... ..,;..., to t'" "iII- _r at the u- a" pI..e ... ._r the t.... ......... <br />ia lite _ of _ .. _... -.. ........ ... ill _.. ..... as T..... _y deter_, T_ _y -'- .... 01 all <br />OIl _, ....... of lite ........y .., ,_ _....._ at t'" 11_ a" pIa<e '" ..y p..._, K......... _, 1_ or <br />.......... ....... _ ...- lite ......., at _, ... <br />li... ..... of plIy_ 01 lito price ..... T_ sItaII dell... to the ....-. 1'_'. deed .....e'.. the ...........~ <br />...., ..... redIalo ill .... Tr._ '. deed _ he ..... I... e.iderKe 01 the tnolIt 01 the .._ ..... ......... 1........ <br />... ....., .... ~ oIt'" .... in .... ........... OIl"": lallo all '-'* ._ ..... n_ of the ... ind....I... hut <br />... ......., T_..... of... _ _ '\ '" 1'* "'............ prb. '-'* IIIt_y', 1_........... vi title e.........: <br />lltl ",._-...... tItio Doed 01......; ....,.,.... eo...... if.y.1o lite po..-..................~ eotItW tIoereN, <br />I'. ............. to.......... NOlwlthstandm, Lender', liIcceh:rllhoo 01 rhe ~ums sccurt.'d t-y thl!o Deed of ..- nl'..l. <br />Borrower ~U .....t the _ dabl to have .any pr~eeJ.inl$ oolun by tender to enhm:e thUi Deed of Trust lhsconhnued .al <br />any Ume pnor to the earlier to (JIC-.:ur 01 tu tIM: fifth dl) before lbe ute of the Prope-rl)' purs:ulInt 10 Ihe pl\wer of sale c()nuuned <br />tftthit. Deed 0' 'Tru.. Of iu) entry' 0'(" jud.menl enfofc1O,Ih'li Deed of Tru~llf: lal Borrow-er P"Y5 I.ender alt sum'lo which wO\lhJ <br />be l.hen due under Ihu ()reed (1f Trust. the NOle and ""lies. SC'(;urlAg Fu(ure ^d"'an~e~, If ao)', harl 01..1 K',-c1e.raIJOn oc..:urred: <br />(h) Borro~'Cf "urn .n breadl~ ~Jf .n)1 tJlber covcnJlnU, Of a,rcemenu of 8OffO,*'" comatfled 10 1hl' f)ud of Tru..t. <br />(c-i 8urHn\'er paY'J an re.uorutbie t\pcn~ Incurred by l.e-oder and TrwotcC! In (;nfOf(lflM the I..'o\-cnant~ and agrt.'!('m~f\h (If <br />Io.-ro.-e-r "Of-t~ined to thll [)eed of TflAt IiInd lfl cnh'f(ma L~nder." dnd 1 rU,lCe'\ remedlc~ it.. pro\'u.It..--d In para'J'llrh ! x <br />h<<.-reof. mdi.idifta. but Q,~ hmHed '0, ftta.""-nable ..lIoroo~,t~ fee,. liil\d fJI ftorrf."t-wer 1..,kC'l \-ut:h aC~lon.~ l.efltJe-r mi\'r rca..tln.-toh- <br />r--equ-ue to a>>UfC th.. the l;e-ft t1t Ihn, Ilt-ed of Tn...... 'endcr',\ Intcfe..l In lhe Pr,)pt'r1\- <Iud 8f\I"H",*Cf' \lbhgilhliJ It, p.'l\ <br />