|
<br />r
<br />
<br />L
<br />
<br />I
<br />
<br />84......
<br />
<br />002492
<br />
<br />9. Cond~mn.'ion. The proceeds of any award or claim for damages. dlrecr or consequential. rn connection with any
<br />c(lnd~ml1~lint'! or (\fh~r taking (If !h~ P!"0pcr'!Y. or ?:'!r~ thereof. or !or con'.'tya"cc in lieu of .:ondcmna.tion, are hCfeh~ 4.\!<.igneJ
<br />and shall he paid 10 Lender
<br />In the event of a IM31 talong of Ihe Property. the proceed.. shall he applied 1(1 the sums secured hy this Deed of Trust.
<br />with the excess. if any. paid to R(lfrow~r In the event of ;1 partial taking of the Property, unless Borrower and I.ender
<br />ntherwl")e agree In writing. there shall he 3pphed 10 the slims secured hy thio; Oeed of Tmst o;uch proportion of the proceeds
<br />..5 is equal to that proportion which the amount of the sum'\ secured by lhi!'. Deed of Trust immediately prior 10 the dale of
<br />taking bears to ~he fair market ....alue of Ihe Property immediately prior to the dale (If laking, with Ihe balance of the pr{"t('eed"
<br />pJ;ld to Borrower
<br />If the Propeny IS ahanJoned by Borrower. or jf. afler notICe by Lender ILl Borrower thai the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fail(, to respond 10 Lender Within 30 days after the date ~uch notice is
<br />mailed, Lender is authonzed to collect and apply the pr0Cceds, al Lender's option, either to restoration or repair of the
<br />ProperlY or !o the sums secured hy thIs Deed of Trust
<br />Ultless. I eoder and Borrower otherwIse agree In Writ mg. any s.uch application of proceeds 10 principal shall nOI extend
<br />or postpone fhe due date of the monthh: Installments referred 10 In paragraphs I and 2 hereof or change the amount of
<br />\Uch installments
<br />10. Borrower Nett Releawd. Exlen..l;)n (\f the lime for payment or modification of amortization of the ",urns secured
<br />hy ltu!t need of Trust granted hy I cnder 10 :iny 'i.uccessor In interest of Borrower shall not operate to release. in any manner,
<br />lhe hanilllY of !he original Borrower and Borrower\. ""ucccssors. in inlercsl. Lender shall not be required to commence
<br />proceedings agamst such successor or refuse to extend time lor payment or otherwise modify amortization of the sums
<br />I,ccured hy Ihi~ Deed of Trust by reason of any demand made by the original Borrower and BOrrO>Nef's successors in interest.
<br />II. Forbearance by l.ender Not a Wah'rr. A.ny forbearance by Lender in exercising any right or remedy hereunder. or
<br />of her wise afforded by applicable law, shall not he a waiver of or preclude the exercise of any such right or remedy
<br />fhe procurement of tr:surancc or The p~lvmcllt Df taxes or other hens or charges by Lender shalt not be a waiver of Lender'~
<br />rlghl 10 accelerate the rnatuIlty of the IOdehlcdness ~ecured hy this Deed of Trust
<br />12. Remedie~ Cumul.tin. All re-medic.. proVided 10 thIS Deed of Tnrst are distinct and cumulative to any other right
<br />or remedy under thl~ Deed (,f TruSI or ,tfforded hI,: law {lr eqUity, and may be exercised concurrenlly. independenlly or
<br />\lJcccsslvely_ .
<br />13. SU('('t"S50fS and "SS~1I5 Bound: Joint and ~v~ral Liability; Captions. The cove-nanls and agreements herem
<br />,:ontall'lcd ,hall bmd, and the r(ghts hereunder shall inure to, the respective successors and assigns oJ lender and Borrower,
<br />\ub,ecI In lhe provisions of p-aragraph 17 hereot All Ct)Vcnants and agreements of Borrower shall be Joint and several,
<br />rhe captlolis and headings of the paragraphs oj lhlS Decd of Trust are for convenience only and are not to be used to
<br />Interpret or define the proviSions hereof ,
<br />14. Noticr. E;\cept for any notICe reqUired under apphc3ble law to be given In another manner, (-aJ any nottce to
<br />Borrower provided for 10 (hiS Deed of Trust shall be gtven by mailing such notice by certified mail addressed to Borrower at
<br />the Property Address or at such other address d.\ Borrower may d~ignate by notice to Lender as provided her~in. and
<br />i h) any nottce 10 Lender ~hall be gIven by certified mad, relurn receIpt requested. to lender's address stated hercln- or to
<br />...uch other address: a~ Lender may designate by notice to Borrower as provided herein. Any notice provided for in this
<br />Lkcd of Trusl shall be deem-ed 10 have r-l'Cen given 1(1 Borrower or Lender when given in the manner designated herein.
<br />15, L'niform Ihed of Trm.; Go'WrmiRll.aw. ~'rfrabilily. Thl~ fOfm of deed of trust combines untform covenants for
<br />natIOnal u:o.e and non-umform covroanlS With limited v.lriallom. by Jurisdiction to cons.titute a uniform security instrument
<br />covering real proper1)"_ llu'i Deed of Trust ~hall he governed by the la"" of the jurisdiction in which the Property is Jocated.
<br />In the e\-"ent that any provIsIOn or dause of thiS Deed of Trust or the Note conflicts with applicable law. such conniet shall
<br />unl afTect other proVIsIons of rhl:'!i Deed (,f Trus.t 0f the Note which can he given effect without the conflicting provision.
<br />;lnd to lhl~ cnd the prOVI$IOn~ 01 the Deed of Trust and the Note are declared to be severable.
<br />16, Bonower's Copy. Borrower ,halJ be IUffllshed a conformed copy of the Note and of Ihis Deed of Trust at the lime
<br />;II c.\ccutlOn O-f :ther recordalton hereof
<br />17. TI'1Pnf~....f Ih. Propeny; A4lI5umptktw. ff:all M .-I1Y part of rhe Property nr an inlere'it therein is sold or transferred
<br />by Borrower without l.ender's pnor written i."on.\cnt. excludmg (a) fhe creation of a lien ?r encumbrance. subordinate to
<br />tht~ Deed or Trull. to) the creatIOn of a purcha~c money s-ccunty intercsl for household apphances, (c) a transfer-brde~isek-
<br />descenl or by operation of law upon the death of a 10101 tenanl Of (d) the grant of any leasehold interest of three years or Jeu
<br />not containing an option to purchase. I ender may, :Jt l.ender's option, declare all the sums secured by this Deed of Tru,st to be
<br />lmmeduuely due and payable:, Lender. shaH have Io\-alved such optIOn to accelerate: if. prior to the sale -or transfer. lender
<br />and Ihe penOtl to whom "he ProperlY I"S to be ~old or transferred reach agreement in writing that the credit of such person
<br />IS s.atisfaclOry to Lender and that the interest payaNe on the sums secured hy this Deed of Trust shall be at such rate as
<br />Lender shaH request. If Lender has waived thr option to accelerate provided in this paragraph 17. and if Borrower's successor
<br />In Interest has executed a written auumptron agreeOlenl accepted in writing by Lender. lender shall release Borrower from
<br />af! obhgal1ons under lhi!; DeN of Trust and the Note,
<br />H Lender e\ernses such optJon Ii) a..:-celerat<,-. I.ender ~h.llJ mail Borrower notice of acceleration in accQrdance with
<br />paragraph 14 hereof. Such notice :shaH proVide a penod of n,lt !c1oS, than 30 <.lays from the date the notice is mailed within
<br />which Horrower m~j' pay Ihe sum) declared due_ If Borro"-cr f31ls 10 pay such sums prior 10 the expiration of such period,
<br />l.ender llIay. Without further nOllce or demand on Borrower, tnvole any remedies pcrmiUed by para,raph 18 hereof.
<br />NON-L'NlfORM ('OVENA.NlS Borrower and l.ender further covenant and agree as Jollows;
<br />HI. ,\ccelt'nIttionj Remedift... t:llC't'pl as prow-i.... in p....raph 17 hereof. UpoR Borrower's bl'e.Kh or any cove..... or
<br />acr<<ntcnl of 8onn"""t.. in Ihis l>nd 0" Trust, indudinc the ("owe-n..... to ...y wh~n due any s...... IiKUM -by l"iI_ 'Deed
<br />of l'ru.,. !.end.. prio, 10 ac""leralion "'lOll mail nolke 10 Borro.... .. p"..ided in ............ 14 hfleGl 5....,l(yl...: (I) Ih.
<br />b",,,,,h; (2) .he .ctioa rtqui,<d '0 curt such b",ach: (3) . d.te. nOl I.... than 30 da,.. fmm lhe date lhe notk. ill mallt!llo
<br />Bo...o..e,. b, ..hkb such b",ach moot be cu,ed: .nd (4) lb.. f.ilu", 10 cu'" such b.....h ... 0' hef_ lb. dale s....,ilit!l
<br />in the nolice ma) r~ult in acceleration ~,f tM SUIM S<<!'cure1l by this Deed of Tr.... aM ale of the Property. The noth:e
<br />')hall funhc-r inform Ronolltr-r or t~ rich' .0 rei.talt' "Iu aculera.ion and thlt ria". to britla a court attion 10 8S$trt
<br />tht- I1{ln...c::d~,1r-tK'e of >>: ddault OJ' anl' other defeftw of Borrmur to accderation ..... uIe. If the bftKh is not CUM
<br />on or Mfo~ tiN' dale "p<<:('ifit'd in the nOlice. t.ender al IAnder~s option may declare aU Qf the SUIftS iCC'UM by this .De,eft
<br />of Tru~1 to be immedialt'ly dIN' and p.y.We without further demand ...d may in\'oke the power of sale- and uy other remedies
<br />~m..iued by applk-able law. Lrnder shall ~ enthled to coll<<1 all fe-.onable ('Mis ...41 expeMel incurnd in pursuiftl the
<br />rt:m<<lif.s pro~ide-d in .his pal'1lllrapll 18f ind....i..., bUI not limited to, re__bIe anornefs fees..
<br />If 'hf' ~.~f' !>or ~!!..lt- is inl'ckrd. T~~ tohall Rcorn . u,.ti(i' of defauli in (<at;-ft c..unty in ...hkh tM Property Qr some
<br />put Ihr-~or k Iocatt'd and ~h"l mail copies of such nolKIf- in Itw manlier prtiCribrd by appIk." law to Bonower .ad to the
<br />olhe, perso... p,..nibed by applk_ Ia.., Aflef 1M I..... of such Ii.... .., m., be ,tquirod by applicable Ia.., Tnts1<< shlOll
<br />Ki'u" public nolk"t of sale- 10 the pusom and in the manne..- pr~scciMd by applic.... la",. Trust", without demand on
<br />Borro~t'.., !okall st'1I f~ Property at public:- auction 101M hiahnl bidder al Ihe iiI1M' .nd place and under ttw lurns dnianallf-d
<br />to th.. no,in of we in OM: or more parcek and in such order .IItt TnastH m.)' d~lt:rmine. Trustee may postpone: sale of all
<br />Q.-r an) pacCt. of th-r Proptfty by publit' announcement .. Ihr lim€: and phlce of an) prr-~io,"ly ~(heduled sale. Lendu or
<br />I--<,odrt'~ dncntt ma)' putchMC: UN' Proputy at an) sale,
<br />lJpon rK"ifipl of ,.a)-men. of the price bid,. Trulilee shaU de-Iller to Ihe pu,('hawr TfWil<<', d<<d con~C'yinl: thiP Propef1J
<br />'f.V1d. TM rec-ilal'li in the Tnnl"'~ dt"flt ~hall bf- flIri",. f3('Mo nidrnt"!' of fh!' truth ~f the- M3temer.u mad~ Ch~fti... Trustlti!
<br />.... .ppl)' riM' procee-d, of 'M sale: in the followo.l order: fa) to all I'r-aonahle costs and l"xpelllft of the sale-. inc.-IudiRl. bUi
<br />oot ljmit~ to. l'fllSte-e's Ins af no. more lhan S-. 0 ~ of the af~ sale- price. reuonable .Uornc:y'So f~6 and C(lst~ of
<br />tide t'vidt'Ilt~; (b) to all WIlL" ~nU'ed b,. this ~d of "Tnl"'; and t~) 1M t"cess. if any, t-o Ihe penon or penoM Il"tally enfitled
<br />'_0.
<br />19. Ikwruwe'r'l Ritbl tu Rt-iPMa-tc-. Nol",lth:!llaftdmg Lender'.. acceknllon 01 the "1I0l" ~c\:ur~d by Inl\ D...-cd ~l! Tiu...!
<br />BaJHow(-l sh-aH h.."c lhe fight t-o have ~ln)" pHxce\.hngs hegun by I.coder In cfdlm.:~ Ihts. Deed vi frm.1 ~h.....ontlnued al
<br />any lime: poor ~tllhc earlier 10 OC~lH of II) thl:; fiflh da~' b-dnre_lhc ,ale ~f the_Prnp~rt" pmsuant 10 the pUWCf l\l ~~I!e ":l'OI:11/ll'd
<br />In Ons Oeed of fwsl or (tt)enH)' 4.\t a tudgm(nt enhHung thi~ Dee-d of" ruSI tI jal Bt"lffl,.)Wcr pay~ [('lldcr .111 Hm\', Whll,.l1 .....\.Ild,J
<br />he thc-n due under thJ~ [)'Ct:tl of Tru\-c (he Note- ,.nd n()I~" !>-t''':\!lln~ FutUft' Ad\-~nce,>, If an), kit! no <h:...clcf<iIWn O":dllft"O
<br />It!l U()1ft~~~Cr 'm('~ <lH bfl'".u;hes of any uthe, (tl..etlotnh Of .UHccmenll. \If Bortp\it\,:r ...(Hltalneu In till" IleeJ ,,( l~U'1
<br />(...t t!t.-"fH.1\1i"tf fia." all fe-a~mahJe t''\pl'I'H,C''1. Ir1t;-ufu~d hy 1 coder ;nd Tnistt:T In enftu"'-tng the .;>...-end,f'll... .In\.! .~~rCt.t1\CI\I~ \-.~
<br />Born.,wt:-I 1.;.l,')l)tiHoeJ In fht... lln:\i of TtlJ"'t :tfli.l In e-nfon:wg l,-('tHier'" .tn-d 1 ru"{e~' ~ fl,'meGU"" <\~ plo"nJcd ,n PJ!:llolf,iph ~"
<br />h<:r--cuf. lfliJudJOg, h\1t nnl limited to, rr;'-<l~-vnllbfit IIUofn("j\ (l'e;,. dud ldl BOIHI\ll.CI l.dte~ \.u..:h al,.'IH'n ,n II'ndt:t rna.. lt~.l,,-~~n,d"'h
<br />~t"qUH(, tH .;U,:\-\.i_n.:: that the ben .1f thf\. 1'Jto"-('Q (II rtU\t 1 ~ndet'.. :nt~~q;'...l on t!'-.{- Prnperh MHj B(nll)....~l "\. "hl!~.Ht;>fl (,. PH
<br />
|