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<br />r <br /> <br />L <br /> <br />I <br /> <br />84 - 002489 <br /> <br />9. Condtmnalion. The rrncceJ~ of any award Of d31m lor damage;,;. dIrect or consequential. In cpnncclion wifh ;:In) <br />.::ondemnarion or orher faking of Ine Properiy, or part thereoi, pr fm conveyance in lieu or cllndemoalit)ll, are l-u.:fehy d5s,igr.e:d <br />and ~ha" he paid to Lender <br />In the event of a total taking of the Property. the proceed" ..hall he applied 10 the sums secured hy this Deed of TrusL <br />with Ihr exec..'>, If .my paid 1(1 R0ffower In the event of J partial laking of the Properly, unless Borrower and Lender <br />olheTWi~e agree in Writing. there shall he applied 10 the sum... secured by this Deed of Trust such proportion of the proceeds <br />..!$ is equal tD that proportion whICh the amount of the sum.. secured by this Deed of Trust immediately prior to the date of <br />laking hears: 10 the fair marker \"aluf! itf the Properly immediately prior to the dale of taking, with the Dalance \If the proccfd.. <br />paid 10 Borrower <br />If the Propen)' i... abanJoncd by Borrower, or if, after notice hy Lcnder to Borrower that the condemnor offers to make <br />;In award or settle a claim for damages. Borrower fad... to respond to Lender within 30 days after rhe date such notice is <br />mailed. Lender ;!;. authOrized to collect and apply the proceeds, al Lender's op~ion. either to restoration or repair of the <br />Property or to fhe sums secured hy thi.. need of Trust <br />Unless I cnder and Borrower OthC"""I<1,t.. agree !O wrillng. any such application of proceeds to principal shall not ex lend <br />or postpone the due datt:' of Ihe monthly Hl'italhnt"nls referred '.0 In paragraphs I and 2 hereof or change the amount of <br />'ouch installments <br />10. Borrow.F l""ot Rtlf'aRd. E-":len\H~n ilf the lIme tor p.tymc:nt or modification of amortization of the ,urn... secured <br />b\ thiS need of Trust granted by lender to any ...ucce'ii~or In Interesl of Borrower shalf not operafe to release. in any manner, <br />the !l.abillty of fhe ooglOa! Borrower and Borrowers ~uccessor<; in interest Lender shall not be required to commence <br />rroceed,"~ "gam~l 'iuch <:,uccessor or relu\c to c...tend lime for payment or otherwise modify amortization of the sums <br />..ccured hy this Deed of Trust by reason of any demand made hy the ongmal Borrower and Borrower's successors in interest. <br />11. Fo..braran('e by Lf'ndef' 1':0. . ",'.inF. Any forbearan(,'c by Lender In ex~rcj~ing any nghl or remedy hereunder. or <br />i\lhcrwlse afforded hy appllcahle law_ ..hall not he a waiver of or prcctllde the exercise of any such righl or remedy. <br />fhe procure-men! of Insurance or the paymt'f}l of t.':n:es or other liens Of charges by lender shall not be a waiver of Lender's <br />fight to accelerate the maturity of the md-chlcdnes~ 'iccured by thi'S Deed of Trust . <br />12. Remedif'~ eumul.fivt. All rcmedlc, proVided In Ihls Deed of Tmsl are distinct and cumulative to any t)ther fight <br />ur remedy under thl~ ["It-ed of Trm-t or .1fforded t'li: law l\f eqUIty, and may be exercised concurrently. independently or <br />\uccesslvcl\' <br />13. SUCCfS$t'lni and ,f\'~,"~il:ftS Bound; Jo'nt and St-\l-rral U.biUty; ('.plio,". The covenants and agreemenls herein <br />l..'Onl;llnt-u ,,-hall hmd. and rhe nghts. heretJnd~r "ihall inure 10, Ihe respective s-uccei-sors and assigns of lender and ,Borrower,,' <br />,"ubjcct If'! the pnwI'lons of paragraph I ~ her~(\t All c(wenant.\ and agreement:"> of Borrower shall be joinl and sev-eraL <br />IhC' cap!lO-m. and headings of the paragraph... of It1l'i Deed of Trust are for convenience only a-nd are not to he used to <br />j nlerpret or define the provlS.lons. hereof <br />14. :'\ioliet'. Fue-pl for any notICe reqUIred under applicable law 10 bt:- given In anorher manner. (a) any notice to <br />Horrower prOVided for," Itus Deed of Trust ~haU he gl\'en by mailmg such nonce by certified mail addressed [0 BQrrower 31 <br />Ihe Propert)" Address or a' such other addres~ ;1\ Borrower may designate:: hy notice to Lender as provided herein. and <br />~ b J an\-' notICe w lender $hall be gIven hv ce-rufied mail. return receipt requested. tn Lender's address stated herein or to <br />mch olher add res! a.. Lender may designate h) notICe In Borrower as provided hereto_ An)' nOlrce provided for in this <br />Dceu of Tru.., shall be deemed '0 h.lV-C heen gIven In Borrower or l.ender when given tn the manner designated herein, <br />IS. Uniform n~M of Tru.~t; (;o'nrninc Law: Sn.rrabili'y. f'hn form of deed of rru~H combines uniform (,"()\'cnants for <br />flJtlonal U\C .and non.unlform c;ovcnants WIth hfnf!ed ....3flatlon~ by JunsdlCtlOn to constitute a uniform securilY instrument <br />dtVefln~ real properlY Tha Deed of l"rust ~hall he governed by Ihe Jaw of the JUrisdiction If'! whi<;h the Property is toealcd. <br />In the e....cnt that an... prOVlSion or clause of thiS Dced oj Trust or Ihe Note confti-cts with appiicable law. such -conflict shaH <br />nnt ath~'l othcr rwv'-slons of thIS Deed at 1 rust Of the Note which can he given effect Without the connicting proVIsion. <br />.wd to thl\, end the pronJ-ltms of th~ Dt-ed of Trust and the NOle are declared to be severable. <br />16. Borruwer', Copy. n~Jrrower shall nt; illlol"lhed a conformed (Opy of the NOle a_nd of Ihts Deed of Trusl al lhe time <br />ot C:\.ttutfon or after re-cordallon hereof <br />17. TnuUI'er of the: Propert)-; A.liSumplion. If <it! or ao} pat't of the Property or an inlen:S{ there-in is w-Id ur iranlfC'rn:d <br />hy lJOrf<\wer wlthoUI lender\. pnor wnUefl t.:on\Cnt, e\.cIudmg t a} the creation of a hen or encumbrance _suoordinale- to <br />:hl~ lJttd of -I rw.t, i 0) the ~r~4t1Qn of it pUfcha~C' nloney securily tntercst for household -appliances.. (c) a transfer by devise. <br />-descenl fH hY opCJallon ()( iaw upon the death of a ,1t"'llnt tenant Of {J} the grant of any leasehold intercst of three- years Qr le5,S <br />Hot conHunlllg all OpHOO to pur-cna"e. I ender mil). ;If Lcndet~ ophon, declare alllhe sum.., -secured by thi..'~ Deed of Trus.uo-bc <br />,mmcd,utdy ouc .and p;I,yahk. 1..el1\kr ~haH h;;s'n: "ialVCd ~uch opuon to at:celctale: it prior 10 the sale or tran~rer. lender <br /><.!flU the pcf~HI\ fO whom the Proper I} I~ h,) t>e 'io;old (Ir Irafl-~;(erred teach agreement It1 writing that the credil of sm:h penon <br />'... 'W-l:stactor)= t~, I ;:mkr ;ind that th( IilteteM pa)ahk ,)0 the sums 'Secureu by tht\ Oe.ed of Trusl shall be at such rale i\ <br />l (,l1dcr shali requC\St_ H Lender has wat-rW the ,,)r1!00 1(" accd-eral-e provided in thiS paragraph 17. and if Borrowers successor <br /><11 mtcrest has ex.eculed a '4-fmen ilMumpttofl agr<<mcnl d,,:ccpted In writing by lender~ Lender shall r("lcase -Borrower-from <br />&Il o-hltg.;Ulon~ under ttlJ~ l~ of Tru:u and the Note <br />If Lender c:\erCI'lCS such oflhon 10 .i1~(..eh:rale. Il."oder ..h,.1I mall Borrower nOlke of acceler41tlon in ac<:ordance with <br />paragraph '4 her~)l Su~h notice shaH pfmH.Je " ~f1(lJ of Hill h..~ lh1l0 ]0 <.lays from the date tbe notlce is mail~d within <br />whu.:h 8mh,\wt:f 11l<t} pa) lhe ~urn~ declared Ju-e It Borrower Cilb. to fY.t)' ~uc-h -sums prior to the e,l(piration of such period. <br />Lender inS). "'-'llhou' fun her ooil\:e "-'f demand on 8orrowcL 11l.iuk-e aJl) remedies permitted by paragraph 18 hereof. <br />r'-.-oN.L~lhHtM ("nvu.."N-1S Borrower and I C'mkr IUrlhcr ~n\'cnan' and agree a-~ follows: <br />ut.. .\.('("("Ie-ration; R~m~di6. 1:l.CC'pt m pro.ided in p.....nph l1 hueof, upoa Bof'rowu'-, I:treacb_ of any covenaat or <br />~",~"'enl of BofTo","c-r in this '-}ffd 01 ."rust. inch.dinl lht (0\'''....11 to p.)" Whe-R due, any ,.._ .c..,t-d by this :o.ed <br />... T....., l.o<k, prio, 10 a"Ctlc"'lion ""aU m"" nt)l~ 10 Bor"".., as "o.hI.d in pII"""'" 14 her.." sptdfylne, (I) Ih. <br />b......h, (2, Ih. aclion rrquirod 10 'urt w,h h"'och, (3) a dalt, no! I.... lhan JO day. 'rolll lbe dale the ""Ik. Is ",alted to <br />Bonowc-f. by ""Mch Mu.'h bft'JIK'h mUlit be- oued; and (4) Ib.1 failure to cure iucb bftKh' on or betoft the date specified <br />.n the nuakt ma) rnull in .n:t>.<<-,....ion of the- wms srcur-N by th~ Oftd of l"fldt .net sale of the Property. Tlte Ratite <br />'!I<h.U fmther inform 8ono~C'r of Ihr ri.:bt 10 f"t'ift\1alr .flu .c("t:~ntion and tht' ria'" '0 bri.. a court ac.ion to as.wr1 <br />thc:o non--e:J.lsteoclt of . d~fauU Of an) olh", ddeQ~ or Bono-..er 10 a-t"tC'lenadoft and ok. If tht' brflaCh u. not cured <br />on or bdo1"C' the date ~pt:ci6~ in lh.. Rolin:. I,..e-ndn .1 l,endu'~ option ma, declare .U of the SUIM secu~d b)' this Deed <br />,llf "rU:!lo1 too tM- immt'"diatt'Jy dtM' and PM)ablr -w.itbout fUl1h".. demand and mal in~oke the powel of we and any olher remediu <br />p~mJitl('d b)' .applkabl~ laY>. Lender \.hall br enlid-rd to ("oUc<1 aU rl':ibiOnable- costs and eIpeJlW!li incuRed in pun-uina Ihe <br />rt-mw:ift pr-"H idtd in tbh: paraa.l1Iph 18. indadi.... but not limited 10, reMOuble a<<omey's rees.. <br />ii tilt- PO"'''-f of we i~ in'tokC'd,' .'r\Dict: .h.n n-f.:oni :II notin uf ddiltlii in c-lldl couni) in whkh ihe Pnlpert, or !tom~ <br />part thltrcof K we-vlrd and shall mail ('opia 01 ~u('h no-IK~ in tht' mao.nu prncribcd by applicable la. 10 Borrower and to tht- <br />olMr prnQn\ Ptti('ribe-d by appli('aa.H la~. After the lapw of w('h firm as ma, M required by applkabl~ lawt, Tru.ttre shan <br />t,in public notice of sail' to 'M pt"tWfiS. and in Ihe manncr prt'M'ribrd by applic.ble I.w. Trustee, withouI demand on <br />B-ono.-u. ~b.U ~U Ih~ PruprrtJ at publk auction to th.. hic.h~~1 bidder at Ih~ firM and piau and under the tum-'- dMianalr-d <br />,.. .h.. notkr of sale in OM or more pafCc-h. and in such ord~r ~ Tnt.\l<< may dt"tr-mliM. Trustu may postpone sale of all <br />Of art) p.r.:t' of eM Pf'Opt-rt} by publk announ<<ntr-nl .1 Ih.. timt and ,lac.. of an,-. pre\'iously Kh..duled uk. Lt'ndr-I' or <br />1~Ddt:r.lo dt's-iCDft m.). p,"t;h-.e the Pntprtl"l) at any uk. <br />\. 'pon ~ct".pt -of paymr-n' of the pon bi4l Trust<< shall dr-li"r-r to Ih.. purc::has.tr r...."~S deed convcyinc the Pro~rt~ <br />wld. fbe :-~d-::. m tht' Tf"~<<'''' d-etd ~al! ~ prima fliiCk ~\ide.nCf of tn€' truth of the- sattmt-AU made thu~i.a. Trustee <br />dlal1: apply thr-I:"rl)('ttd~ of tht uk in the- follo-.'lac of,~er: e.), 10 all f1'MU-nable- coslj and rt~AM$ of the sa'~, i-ndlJdina. bUI <br />no( limitrcl to. l',..1H's- fl'ft of not mon than _). (j '-"'t- of tht &ross sale: price. rt"uonabl~ attorn~y's f('t:~ and C'o,ts of <br />titk t'ddr-Itu:~ (b) to aU wm' 'M'('urr-d by this lk-t'd of -r~t; and (c} lhe t'l('~'i, if .n), 10 tht pe-non Of pt'rson.\ Iftall)' ~ntiHe-d <br />lbon\o. <br />'fI, hrro_c-.-'s Ren. lu R~'Q".lf. "l"lwllh\t.mdtng Lcndel'" dl.;;.:eltrallt)f\ oi tht, '",un... v..'clJrl'-J tl\ tll!\ D-t''C-d ,.J 11\1\1 <br />8nnn\olle! s-hlll! Oil1fC lhe tjght II:' h...,,(: .i!l; pltxecJms,... tx'KIJII t1) I C-O-l..h::1 Il' t'nf\\r,:e rhr~ Dc-ed (If I fll'ol ,11\\'PTllPlu"d ,.\' <br />~ny wn< p~lnf iO th\:" f.!Ml-tt'f h1' O(,UU of tIllhc fifth i.1a'r' h<:fnH.~_'ht' ...tie of th-" Pf~'pe'1l"' p\lf"i-u.iJfll to ltw ,'I-\\V.('f \il \,Ik ..,'nt.Jq\"-'L~ <br />.n (hi\ ~\j fli Tn,}.l or {u} t:"nlf). ~)f ot ju-d~m('nl enfuh:mg lhl\ lk-eJ t1( r rn\t If l.d' H,lrto....cr p.i\"\ {(.i1~:k; .ll! sum~ >o>.n,1, h .... .';d.) <br />he !hc-n tlut und("1 Ihll\, {)eetJ (1f lru\L the N(lh.~ ,in\! nOI~\ '("~lHHlg FIJI\ll~ t'd\.Hh..'...., d ,in} h:H} nn ~....\.elcratH'n ,...,U;fl'",i <br />dH lklH~lWC;f t'dH;'t -JiI hte.Kh(~:!. nf IlH)' ,Ilh('f ,",'v~flJ:nh or oilsn.;('rn~nh ,,! H~"HP""'Cf ,;;nL/llfi('U 1!1 d";,.. r1t.'cJ ,d T~ii~.l <br />(...1 8t.ltn.J"""~~ pA!l :.t~l f1;..\.un..H~ ('\rlol_~flli:'" 1O~,\frn:J b\- I t'fHhn lind f!\!\.fC.'" !l~ enll).r, illl{ lh~ ~l\\\'n.lHI'o ,inJ ,\~f\.{'"n>t.'.H, <,I <br />f'kurnwtf i-,-~otiHn~;J jf} !tw. r:)c--(t~ of hH\! itn-d l" J:ttfo-n,mg 1 cnder'\ MH.1 lrt,,-.t("~ rcme-,,-1K:\ ~\ prlJ""kd in p.ll.l~f.q:'h >: <br />~f(:l."'(, U'l-t:h-idtlll. boJt n~"llll1'hled l_{'\, ((;l..-(J1ctilhk- ~fhlHl\'-~\ f("1:\_ i~nd i~l; B-PffU'-"Cl 1-"\..("\ ~lh.h a...t;p'I.l~ J o\de-r rn.n ~\..h.'n l~,h <br />~~~lH"h_' .., a'U\Jfi.,' th4llJ i~~ h-(_H .,/ thd, Oced of If'\il;.t I e..d!t"r-.. :fHt'fC-'\! ,~. It't' }"Iopen, .I",J R,'ff"....l.r \ ,'t-h~Ol-i,'.n If> <br /> <br />