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<br />I <br /> <br />84-~ <br /> <br />002446 <br /> <br />r- <br />I <br /> <br />by this Deo:d of Tnm immediately prior to the date of taking bears to the fair market value of the Property immediately prior to the date of <br />taking, with the balance of the proceeds paid to Borrower. <br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to malee an award or seute a <br />daim for dWiUlgQ. Bonowel fa.ils lo u:spOnd tu Lender ~ithifl 30 dd.iit d,fter the date ~udl notice i,:;. mailed. Lender is authorized to collect and <br />apply the proceeds. at Lender's option, either to restoration or repair of the Property or to the sums secured by this Deed of Trust. <br />Unless Lender and Borrower otherwise agree in writing, any such application of proceeds to principal shall n()[ extend or postpone the due <br />date of the monthly installments referred to in paragraphs I and 2 hereof or Chan6t: the amount of such installments. <br />10. Borrower Nor ReInIed. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust <br />granted by Lender to any successor in interest of Borrower shall not operate to release. in any manner, tbe liability of the original80rrower and <br />BorfOwer'~ suco;essors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for <br />payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the original Borrower <br />and Borrower's successors in interest. <br />11. ForbearallC'e by Lellder Not. Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded <br />by applicable law, shaH not be a waiver of or preclude the exercise of any such right or remedy, The procurement of insurance or the payment of <br />taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this <br />Deed of Trust. <br />12. RftDedies CulltVlaUvr. All remedies provided 10 this Deed of Trust are distinct and cumulative to any other right or remedy under thil <br />Deed of Trust or afforded by law or equity, and may he exercised concurrently, independently or successively. <br />13. SIIttaIOR .1Id AIslt.. _lid; JoI.I .1Id Snon! LIabIlIty; Cap1l_. The co'enanls and agreements herein conlaiDe\l shall bind; and <br />the rights hereunder shall inure to. the respective successors and assigns of Lender and Borrower, subject to the provisions of paraarapb: 11 <br />hereof. All co,"'enants and agreements of Borrower shall be joint and several. The captions and beadings of the paragraphs of this DCed-ofTrust <br />are for convenience only and are not to be used to interpret or define the provisions hereof. <br />14. Notke. Except for any notice required under applicable law to be given in another manner, (8) any notice to Borrower-providedJOriD <br />this Deed of Trust shaH be given by mailing such notice by certified mail addressed to Borrower at the Propt:Yy Address or at such other adcIteq <br />as. Borrower may designate by notice to Lender as provided herein. and (b) any notlcc to Lender shall be giyen by certified D1Iil. rettp'D rcw;dpt <br />requested. to Lender's address stated herein or 10 such other address as Lender may designate by notice to Borrower-as provided'hc.an.:~. <br />notice provided fOi in this Deed of TillS, shall bt: deemed to have been given to Borrower vr Lender when given- in the manner-dcsi&D.tedJlereill~ <br />is. Uaiform Deed of Tnut; Go,.tf1Iiaa Law: SeyentHllty. This form of deed of Trust combines uniform covenants for nati~....._ <br />non-uniform covenants with limited \tariatiom by junsdiction 10 consutute a uniform security instrument coverina real property. Tbis-Ileecl--of <br />Trust shall be governed by the law of the JurisdICtion In which the Propeny is located. In the evem that any provision or clause of this Deed of- <br />{"rust or the- Note conf1it't.!> wilh applicable law, 'Ouch -.:ontlicI shaH not affect other orovisioos of this Deed of Trust or the Note-which can be <br />glycn effecl without the conflicting provl~non. and to lhis end the provisions of the D~ of Trust and the Note are declared. to be severable. <br />16. Borrowers (~up-y. Borrower shall be furnished a conformed copy of the Note and of this Deed of Trust at the time of execution' or <br />dUer ret.:ordatlOn hereof. <br />17. Traufu- of tile Property; .'\......pl108. If all or an)' part of the Propert)' or an tmcrest therein is sold or transferrec:Lby'Borrowcr <br />Without Lendcr.s prior wnUen consent, excluding (a) the creation of a Hen or encumbrance subordinate: to this Deed of Trust. (b) the creation'of <br />a rurC'has~ money security Intc:n:st for household appliances.. (~) a transfer by devise, descent or by operation of law upon the death, of ..joint <br />!enanl or td) the granl of an)' leasehold interest of three years or less not containing an option to purchase. Lender may. at Lender's option, <br />Jt."\:lare ail the sum... secured by (hi:> Deed of Trust to Ix immediately due and payable. Lender shall have waived such option to a<<elerate -if, <br />pnor 10 the sale l}r transfer. Lender and the per~oo to whom the Propeny IS to be sold or transferred reach agreement in writina.that the,credit:of <br />'iuch person IS sa.u5factory w lender and that the mterest payable on {he ,Sums secured by this I>eed of Trust shaH be at such rate as Lender_shaH <br />r-eqUCS-L If l.ender has wai\'oo lhe OptlOO to accelerate provided in thIS paragraph 17, and if 8onower'$ successor in inter(St hU,exccuted-a <br />WIlUen assumption agret'men! a...'Cepted m wrillog by Lender. Lender shaH release Borrower from all obligations under this Deed of Trust and <br />the Note. <br />If Lender exerCl~ loudl '-"pilon to a..:t:eietate. Lender shall madliorrower noW,;-\': of a.c~le.fation in &(."Cordance with paraarapb_14 hef~f. <br />Such nolla: shall prOVide a. perIOd of not Ie.) tha.n 30 days from the date I,he notice is mailed wilbin wh.ich Borrower may _pay the swns,dcc1ated <br />due. If Borrower fails tv pay :!ouch loum~ prior 10 Ih~ expiratIOn of such period. Lender may, without further notice or demand on Borrower. <br />lnh,.lke any remedlo permiut'd by paraifdph I S hereof. <br /> <br />L <br /> <br />NON-UNlt'OR.1\1. COVENANTS, Borrolo\ocr ami Lender further covenant and agree a!t follows: <br />13. "_00"; Re_. Except as pro,1ded I.. PartII"'''' I7 ........,. UPO" Borro...... ...... or.IQ'CQi.....".,?~..r <br />Borro.... I. IItla DoocI 01 1''''''1. Indudi.. !he cov....... 10 pay w.... duo 'Il) .u_ _ured by thlt Doell 01 n.... .......,.wi....c......- <br />,1ulII mall n01l<o 10 Borrower .. provided I.. _",pia 14 ......., l\IOdfyi.; (l) lIle b_lI; (1) tlte ..liOll ~ 10 CllR _II ......; (3) . <br />dal.. nol .... IhDO JO day. f"'IIII'" dal' or .011<0 Is oWIod 10 Borro...., by wllkll_1I _II ..lilt be CU""'; .... (4) 1luI1 ,...... 10..no.... <br />_1I.....r bel.... lbe d.1O spodfIod iD tlte ....11<0 ....y resull i.. _:e...._ ollbe..... __red Ity tIoIa Doell 01 T.........-Ie olllle~, <br />Tile ....11<0 ,1ulII fo........ iDlorm Borr..w.. of I'" riaIlI 10 ~IO afl.. acceleralioll .1Id I'" ritllllo briaa . COtlrl ..1ioII10 -' lIle ._ <br />~xisie1kc Ul II Yd."i vi" itiiy vIHi' ild~ at Bon--.;~~ ~u =c:t:-elee!..lcn !led !Ll@, If thf. ~.h hi bol cured OD or befon 1M ate ..-dfied ia die <br />0011<0. 1...1Idcr '11MMIer', oplioo....y d<darc all of lbe .u_ __ by' Ibl> DoocI 01 T""'II.. be I.....ua...y duo.... pay..... ..illloallu".... <br />_ .ad may lo\ok. I'" po.... ..f uk .od aay 0..... ..._ pormlllod by .ppllca.... ..... I,"",,", oIlall be ..11_ to ....lacl all -we <br />tOSl8.ad ~~ i.lKuned in pttBulol tilt ~media provided io ttab pa,......ph 18, indudlna, but Dot lilDiled 10. ruIOIlabIe at1ol'lM)"-I feel. <br />If tlK power of sale is inl'okC'd, Trulee.balI r<<on1a eoCke of ft..... in eKb collet)" in ...Ilkh tbe Property or 801M part IJlenof is Ioca&ed <br />u4 '....1 ..a.n eopia of .such notia ia tllt muM" p-nscrtbed ~}" appUcabk 1a. to Bot'ro__tl aad to tH olbti perIOU pracribed by applieaWe <br />...., ,\Iw lbe .... 01 .ucll t1_ .. ....y be rcq_ by .pp/lca.... ..... 1'_1'" oIlaIl &in public .011<0 01 uk 10 1110 _ .... in tho _ <br />praeribeQ 0)' ap~k law. Ti'iii~, ?O'it.......' dta~ Oii Bcnc~et. th~ sell !h~ Pro~!1l~! UVbtk" .U("tk1R to tlw- b(t.. b......1 _.li.. <br />and pia<< aod ..... _lilt tel'1lU dt$iaaated io 11M noli<< of saN in Ok or mort' pan:eb and in surlt order as Trustee JDa) d~lU1a&__. Trutee may <br />po$lpUDf' salt of ..u of a., p.rut of the P~rty b)' publk IUlDOUDCem~Qt .1 the UID~ and pJtlU of an, pre't'io....y scbf':du&ed uIe. Lender Of <br />IAll4kr"' dma....1M) pllfcb_lbe "",,,port)'1 .ay""'. <br />llpoll rKdpl of ptl}l8CItl 6f UN pike bid~ hUIH.baIl delh-er 10 tM puubuer TnuUet'" dftd C'oon)lJlI tbe Properly sold. l'he recitaJI in <br />"'" r.......'. _1IoaII1Io priJu lado .v_ ,,'Ibe '11I1h of 1110 '''lOlIlenli ....d. I....rd.., rnul.. oIlaIl.pply Ih. pro<_ of I......k In lho <br />f"~i.. UNkr: ~., to an ~ (o.tI ud upt:tIMI of t_ sak-. lndudiea. but n-oC ......led 10, Truut't"s fHS of Qut roO<<' ,..... _N.t~_ it!) <br />at 1M If 0>> uk prk-w~ r~ aUOrk)'. fft:6 .ad COlli 01 titk f''''~; {b} It, ,UWtIU J<<urtd b) tbi5- p.oft'd. of Trust; IllOd (('i Ihe n,-elWt. if <br />oJ", In 1M ptnOa ." pt'hUm-lqaIIy ~DUu.d tM<<to, <br />.,. Butru-.u'l fUtlUlo RdAii-late, "iutwHh\t-.<41l\"hnS 1 crh..1eI.~ <h,...:-c!e1dlWf> ,-,t thl.' \lWh '>-~>;,"U1ru tn thl" Dt't'<t.i l)! I tl!\l, 1-\")i1p\\-t" ~hilH hitH <br />iht r,,.h( to h;tve au", pnKctAhni;~ f"('illll p,- L-t'ndel to t~nfiJIl.C flu\ l~d ;)f tru,t ,j,,,\unlwut:-,j al ;:t.lh ;HUt' pi'llIf l>l d~(' r,uilel III I....-...l,ll (>1 (lith,,:, <br />f,hh ,1-d:t hero-n:;-:~ '!.4k!l1 Ih{' P1Upt'ft;. pl.!HUiUH hi Hl<.':' p.y....ef ,Jl \~ic ....iHalH-t;J. H; ,h!~ !>et.~ .:)! I nl..-( l)-f 1Hi !;'Tlin ~\f <~ !\)~.!.~lJj('tll euhl!l.lf\g <br /> du'> <br /> <br />f<<.Ji innl .uJ lk~rr,,''''e.f p...),~! t'"n.J,i't olli HUll"< ...tHi.:h v.'ol:id t'J( !hJ:--lJ ~h~-(" ul~dn <br /> <br />1~,,:1",.I:'\ <br /> <br />"<,,1\: M,~; lI~>I't" ~..'\ \)1 ,n~ ! llllH~ <br />