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<br />84- 002312
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<br />9. C n"'r ..... 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 pan thereof. or for conveyance in lieu of condemnation, are hereby assiped
<br />and shall be paid to Lender.
<br />In the event of a tolll taking of the Property, the proceed, sholl be applied to the sums secured by this Deed of Trust,
<br />with the excess, if any, paid lo Borrower. I n the event of J partial taking of the Property. unless Borrower and lender
<br />otherwise agree in writing, there shall he applied It' Ihe sum, secured hy this Deed or Trost 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 />IIIkin. bean '0 the fair market value of the Property Immediately prior to the da,e 01 'liking. with the balance or lhe proceds
<br />paid 10 lInrrower.
<br />If the Property IS abandoned by Borrower, or ir, after nOlice by lender to Borrower 'hatlhe condemnor oIIon to make
<br />an aWlrd or settle a claim tor damages. Borrower fails to respond to Lender within 30 days after the date such notice is
<br />mailed. lender is autborized to collecl and apply the proceeds, al lender'. op'ion. either to res/oration or repair of the
<br />Property or to the sums secured by this Deed of Trost.
<br />Un.... lender and Borrower otherwise agree in wrltin., any such application of proceeds 10 principal .hall nOl extend
<br />~~cr:'=m:::..due date 01 the montbly ins'allments referred 10 in para.raph. I and 2 bereof or chanp the amounl of
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<br />1.. .......er NGf R*-eIL Extension of the time for payment or modification of amortization of the sums secured
<br />hy this Deed of Trust granted by Lender to any s~or in interest of Borrower shall not operate to release, in any manMI'.
<br />the liability of the onginal Borrower and Borrower's successors in interest. Lender shall not be required to co.mmence
<br />proceedings agaiost such SlICceSSill:n or refuse to extend time for payment or otherwise modify a~tion of the: suma
<br />secured by this Deed of Trust by reason of an)' demand made by the original Borrower and Bon:ower's successors in interest.
<br />II. F............e by u_r Not a Wan-e.. ,A,ny f"rhea..nc. by lender in ese",;.;... any 1'!8b! or mnedy hem,!!der, or
<br />otherwise afforded by applicable liiW, ~haH not he :1 waiver of or prttlude the exercise of any such riJllt or remedy.
<br />The procurement of insurance or the payment of taxes or other lien.\ or charges by tender shall not be a waiver of Lender'.
<br />nght to aculerare the matunty of lhe indebtedness i<<ured by this Deed of Trust.
<br />11. R~ C.........e. ,"" remedie5 pro\'lded in rhis Deed or Trust are distinct and cumulative to any other riaJU
<br />or remedy under this Deed of Trust or afforded by law or equity. and may be exercised concurrently, independently or
<br />successi\-'ety,
<br />13, s..c- _ "..... ........: J.....I _ Sne.. IJaIIlIIIy; C......... The covenanl. and a.-nb herein
<br />contained shall bind. and the rights he:reunder shall mure W. the respective successors and assigns of Lender and' Borrower,
<br />wbJeCt 10 the provisions of paragraph ! 7 hereof All covenanL' and agreements of Borrower shall be joint and sevent.
<br />1M captions and headings of the paragraphs 01 thIS Deed of Trust are tor convenience only and are not to be used to
<br />1 nterprel or defiDt' the provisions hereof
<br />'4. Nodn:. E:\cept for an)' nOHew: reqUIred under applicable law 10 be given in another manner, (a) any notice 10
<br />Borrower provided for m this Deed ot Trust sm.JI he 8lyen hy mailing such notice by cenitied mail addressed to Borrower at
<br />lhe Propeny Address or at such other addrCti as Borrower may designate by notice to Lender as provided haeia~ and
<br />t h) an" ootice to I.cnder shall he given hy certified mad. return receipt requested. to lender's address atated herein or to
<br />'itlch other address as lender may designate by notice to Borrower as provided he.~ln. . Any notice provided for in t~
<br />Deed of Trust shall be deemed to have heen ,rven to Borrower or l.ender when liven 10 the mIIDnct desipaled herein~
<br />'5. l_lnifonn 0redI of T~ GoYn'IIiaIl....; M"e-......,... nw~ form of deed of Intst combines uniform covenants for
<br />nallonal use and non-uniform l:overumt! With IlfTutcd varlatlons hv lunsdiction to constitute a uniform security inltrument
<br />,Jl"'enn[l: re-3.1 propert~' This Deed 01 Trus.t 'l;hall ne gO\'erned tv,' the law (,r the Jurisdic~ion in which the Pro..rty is Iocaled.
<br />In the evenf that any proVISion or clause of thiS Deed of Tru.'lit or the Note conflicts With applicl\ble law, such. conftict shall
<br />not alfttl Olher "",,,.ion, of thi$ Deed of Tru~t or the Note ~'hlch can be given effect withour lhe conlticting provision.
<br />...nd hl Ihls end the- prOYISWOS ef the Deed ot Trusl and the Sote are declared 10 be severable.
<br />16, ....ro......~. Borrower shalt he furnl*.cd a ..:ontormed .:.:cpy of the Note and of this Deed of Trust at tbe rime
<br />01 execurlOn or after recordauon hereof
<br />.,. Tr...e-.. of.- PnJprtty~~. II all o,r an'" pan of the Property or an interest therein is sold or transferred
<br />t,y Borrower without Lender's pnor wntten COrl!loenl. c_xc1udtng fa) the: creation of a lien or encumbrance subordinate to
<br />Iht!l Deed of Trusl. f b) the creauon ot a purchas~ nnmc't' ~'"'Cunl,!, Interest for household appliances, (cl a transfer by devise.
<br />Jcscent or b). operauon of law upon the death of a "'lOt tenant or (d) lhe grant of any leasebokl interest of three yean or less
<br />not contammg an opuon f-ll purchase, J coder ma", al lender', optIOn. declare all the sums secured by this Deed of TrUlt to be
<br />!n.medI31ely due and p:tyablc. ',e-n<kr ~hllJI hdve wlllved such opuon to accelerate If. prior to the >>Ie or transfer. Lender
<br />.md the person 10 whom the ProperlY ts (0 ~ sold or traru.feneti reach agreemenl In writin. that the credit of such penon
<br />."i J>ausfal.,:tory to l.ender and U-.al 1M Interest payable' on the ~ums s.c,-:ured by this Deed of Trust shall be at such rate- as
<br />I cnder shaJI reqUC5t. If tender has warved the o-ptl~)O In act.:elerale provided in Ihis paragraph 17, and if Borrower's 5UC<:CStOF
<br />tn Interest has CXlCCUted a wntlen assumption a.reement acceptrd In writing by 1.ender. l.ender shall release Borrower from
<br />all obhpu()n~ under ttu~ DeetJ of Trust iUKi the Note
<br />If Lender ("xer-clSeS such (lpuon to act..:dcrale. 1 endcr 'lhall mail Borrower notice of acceleration in accordance wilh
<br />paragraph 14 hereof Such ool1ce shall pro.. Ide ..I period of nOI k"s.~ than :W da~"1 from the date the notice is mailed within
<br />whICh Borrower OUIY pay the sum$ declared due If (JoHower tad'i 10 (MY such sums prior to the expiration of such period.
<br />Le-nder may. WI1hout turtht"f notu,,'e or demand i""ln Borr-(l~-t:'(, !n..ole any rernedlf,~~ permitted by paralfaph 18 hereof.
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<br />"to.,"".l ....1~(laM l'(\\,'''N''NI~ lioHower and I endef lurthcr .,:nvcnant and agree as follows:
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<br />18, '""e_ Ke_ t:l<'e.... ,...._ In _...... 11 he_. ,,_ .......er. _II of aay....- or
<br />_nt 01 .......er in ,.... 1_ 01 1'.... i...-.. lhe m.-ea_ 10 pay..... d_ DY _ _...... lIy llIiI DeIlII
<br />011'.-1, l.e_r pricK '0 ",,_ioa ...... mail _i<< I., .......er as .....idM In ~ 14 IIeIHf spedI"": (1) ...
<br />Ilft.....: Ill'" ....... I'flltoir... '0 .ure _h _..; III a tlllk, _ ... 'haa 30 t1a)'li I.... lilt tIaIe ... IIlIIIce is ...... 10
<br />_ro.er. by .."II ...... Ilft"".. _ be .lIft4I; .utI 141..... -.., 10 .ore .",,11 _II OD or...._ ... dale spodlietI
<br />ia lilt .....i<< may reo'" in ""'__ 01 Ih. ..._ K'CUret! lIy Ibll Ilftd of T...... _ _ of .Ilt p......y, TIlt BOIke
<br />..... I"n.. inf_ -.ower 01 tilt ripl '0 _e atler """"leration oat! tilt rlPt 'n briaI a .ODrt action 10 _rt
<br />,Ilt -.e""1IU 01 a .._ or an, 01.... dd_ 01 ....nl.e. '0 ""cek_ anti _. II.he _II .. nol curet!
<br />on ... ...._ I. "e _iMd in .Ilt --.. h..... al b_.', optiolo may declaft all 01 lhe ..._ !iKuret! by lhis DHd
<br />o' Tmollo . i_dy ".. ..... pa,- .._u, lurt.... demand aat! may in....e lhe po..er of _ anti Dy 01.... ~in
<br />pe.- lIy ........ Ia., l.e'" ohaIIlle ....- '0 ._, aU r<......... ...... ..... e.pe_ I...u..... in punul.. lhe
<br />....... .....idM In llliI ~ 18. induolina. .... a'" Ii.ited '0. .-...... anoney'. IHI.
<br />If Ihr power of .. .. ill......... Tntltft !Ii'" ruord a notir~ of del..... in eklt cotl"y in .1Ik.. .he Property or 5OIRt'
<br />part danwf 11; Icated amf 5~ .... if~ IIPf W('h lIOIiNo in .... ......, pl'ft4......... h" ........ ... 10 Borrower and '0 th~
<br />ot.... _ ,___ II, lIplIIi<_Ia.. M.n.he...... 01 .u.... time .. may he I'fll............ applic_ Ia.., T....ee shall
<br />~..e ...... _ nf _ ... lilt _ uat! in I.... manner PlbCri_ by .ppIic_ la., T.....H. wit_, ...._ on
<br />a..-er. ..... .. ... PnJprttY. a' ..- auclion to lhe hitt_ bidder ., lhe lime and pl..:e .nd "nder ,.... Ie..... "niana'ed
<br />in I. ~ of Ale .. OM or ..... part"'ell ... in ~ucb order M Trudft ....,. del......... T rusIff ...y ,...,.,_ !II_ of all
<br />... _, paIUI ef ... PnJprtty .... ..- aa.-nu_.. lit lite li_ ..... pI_ 01 ao, prn.......' ...._....... .IIIe, I,eoder or
<br />1"'..........- _ ~... ,,-", at any _,
<br />lip.. ......... of pa,- of .. price IlioL 1._ sbaII _..r 10 'he pun-h_r .r_'H" ....... .onoeyi"l t.... ProperlY
<br />-. Tloe r<eilaIs io .1Ie T_'. ...... _ he pri_ lade .._e 01 .he .notll 01 lhe .tat........ m.... 'he""o. T.....H
<br />..... apply .... __ of .... ..... in !he fnllo..iooR ""r: 101 10 "I re_ ._ _ eo_ of ..... _. 1...lutIi... bu'
<br />.......... tel. Tl'WIitI'e'ts fft'I4~ nol1I1Oft' .~ c-:--", of the &I'OM ale pM.. ~ ...0f1W,,'8, ins _ad '-...hi oi
<br />:::-. ...w..r.11o,1o. _ _uret! lIy"'" DretI of TruM' .nd lei..... u...... if allY, '0 the pe..... or .,e;..... Iqally .n'itled
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<br />1.. .......H'. ...... to .......... Not""lth'ttandmg I (,n\Jer'.. ,Kt..eteratlt')n (II the 'HUl1\ 'L'curl~d bv ,hi" Deed ,ll 'rml
<br />8t.lrKtWcr $h.t.U ha'Vt' lhe nght to h.vt: any p-rrx:cedmg"i heRun h,,- I.ender Ii' nHof\.""C {hl!l. ()et'd \1" 'nt" dl,-\.'(HlllOllCt1 al
<br />-ltny hmc! pnor h"l che elJrhcr h" occur ~}f III the fifth (hl\' hefore Ih.:' ...tlc of the Prnper1v rursu:-tllt tp the p,owcr t'f ...'lle u\,lf,llfW,J
<br />lfl, th" De",~ of TrYSI -tlf fa) cnlry uf .. judll'nCtlt cnforetfl~ fhili l)'l"t':-d (l' Tnt'u If {~\ 8{)-frower ra\,'i.. Il:mlt'f .ill '\um\ WhKh w",lld
<br />ht, then dlM! under tnu.l-->eed of Tru-\t. the Nntt': and nvl(".. '\("'t:jtrm~ fuhm.' r\d\'1tI""'.'C''\,. d ;.tn". had nil i-h.:u'!er,tll('n Ilc\.urreJ
<br />(h~ Ikw-row-er ntre:\ aU breiKh(t!( of .any \Jtner n).<f:f\ant\ tlr agrt'~",enh ,., R-orn.\\.1."r LllHlllme,i 1f1 Ihl" I)\."f'd I" 'ru...t
<br />h::) Iknrnwe-r pllr~ aft f~"~lfH.btr e\pen~ If\~urre-d hv I cudt"r and "I rll'ilC{.' Itl l'nfllfun~ fht, \",'H'tllUlh llOd "~ft'cmenh "~I
<br />8(,lff'\,)'Wi>e:r ;..:Qlftt~tncd in dlfliJ (ked of 'rrw.t .Hl-d IN enfoft'mg l.cndeof'\ and 1 ru.,ll"C" H'Irn:"lhc, "" pn\\'hh.'rl lT1 j1;tr3.\l:' aph I"
<br />~'COC mcf\ld.-ot. ~ ON hmltltd I,n. r-ea,.o-nabk iUtv("nt'y-", kc\ <l:t\d iell tk"'rnl"Wt"f l.ik.e.;. \11\..'11 ;'h_-jl~'l\ Ji~ I ("-nd~r m.n n:,t""Il.II'h
<br />tcqUtf1l' 1-11 ~.wr(" that tnc h~n pt Ihr\ I)ec.d nf lru.., f ende-r', II1I('rt~"-l lH the' JJ.rnflt.'rn .'It'!d R\'f1"I'o~r, ,\hhg<ll!pn L' f',I\
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