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<br />r- <br />I <br /> <br />B4"~ <br /> <br />OO~583 <br /> <br />9. Cond~mn.fjon. The proceeds of an~ award or claim for damages, dIrect or consequemial. in connection with any <br />condemnation or other taking of !he Property. or part [hereof. or for conveyance in lieu of condemnation, are herehy assigned <br />and shall be paid 10 Lender <br />In Ihe event of a total takIng of the Property, the procecdo; shall he applied i0 the sums secured by this Deed of Trust. <br />with the excess, if any. paid to Borrower. In the event of n partial taking of the Property. unless Borrower and Lender <br />otherwise agree in writing, there shall be applied 10 the s.ums secured hy this Deed of Tmst such proponion of the proceeds <br />.IS is equal to t.hat proportion which Ihe amount of the sums secured by this Deed of Trust immediately prior to the date of <br />taking bears 10 the fair market value of the Properly immediately prior (0 the date of taking. with the balance of the proceeds <br />paid to Borrower <br />If the Property IS ahandoned by Borrower, or if. after notice by lender to Borrower that the condemnor offers- to make <br />dll award or setde a ciaim for damages. Borrower fads !o respond to lender within 30 days after the date such notice is <br />mailed. Lender is aurhoflz;;--j w coUtU and ap-piy the proceeds. at Lender's option, either to restoration or repair of the <br />Property or 10 the sums secured by this need of Trust <br />Unless Lender and Bormwer otherwise .agree in wrlllng. any such application of proceeds to principal shall not extend <br />or postpone the due date of the monthly In~!allments referred 10 in paragraphs ! and 2 hereof or- change the amount of <br />"uch installments <br />10. BoITOWe-r No. R~Ie'..wd. E'-temlOn of the time for payment or modificalion of amortization of the sums secured <br />hy this Deed of Trust granted hy 1 cnder !0 any SllC':CS5or In interest ('If Borrower shall nOl operate fo release, in any manner, <br />the h3hilil)' of the original Borrower and Borrower's successors 10 interest. Lender shall not be required to -commence <br />proceedings ~gainsl such successor or refuse to extend time for payme.nt or otherwise modify amonizatjon of _Ihe sum~ <br />secured by this Deed of Trust by reason of any demand made hy the original Borrower and Borrower's successors in interesl. <br />11. .'orht>aralK'~ bll...cnder Not a "'.inf. Any forbearance by Lender in c:\ercising any right or remedy hereunder. or <br />o~herwise afforded _by appllcahle law, shall nol ~ a waiver o~ or preclude the exercise of any such ri~ht or remed~~, <br />., he procurement of Insurance or the paymenl of ta'\e5 or olhcr hens or charges by Lender shall not be a W3lver af Lender 5 <br />right to accelerate: the malurlty of the mdchtednes~ ~ecurcd by this Deed of Trust. . _ , , <br />12. Remedies Cumulath-t-_ All rcmcdle'\ prOVided In thiS Deed of Trust are distinct and cumulative to an) other nght <br />or remedy under thIS Deed of Trust or afforded h~' law t...r equity. and may be exercised concurrently, independently Qr <br />...ucce:s.Mveiy, <br />13. SU{'t"ftSOn: and Auicu Bound: Join' Jlnd .se..enll UabiUty; Caplions. The covenants and agreemc,nrs-- heref~ <br />contained shall hind, and the rights hereunder shall Inure to, Ihe respective succeS$Ors and assigns of lender and Borrower, <br />_'\Object to Ihe proviSions of paragraph j 7 hereo_f All covena.ots and agreements of Borrower shall be- joint ~nd several. <br />rhe captIOns and headings of the paragraphs of It-liS Deed of Trust are for convenience only and are not to be used -to <br />snlerprC't or define the proVISions hereof. _, . <br />14. Notice. Except for any nO[lCC reqUired under appllc-l.'t~I,e law to be given In ano.her manner, (3) -any notrce 10 <br />Borrower provided tor m this Deed of Trust shall he gIVen by mailmg such notice by certified mail. addressed to Borrower at <br />the Prope-ny- Addfo5 (Ir a.l :ouch oth~T address ~" BOlmweT may designate by notice to Lender as prQ\'ided he-rein, and <br />{b) an)' notice ro l-en-der !>haU be given hy certIfied mal!. return receipt requested. to Lender's address stated herein or :to <br />loUC" other addres~ a!o Lender may designate by notice 10 Borrower as provided herein, ^ny notice- provided for in this <br />Deed of Trust !Iohall be deemed 10 have: been gl'vcn to Borrower or Lender ~'hen given in the !Tlanner designated herein, <br />IS. llniform HeN of Tru51; (;oyernina L*w: ~"rrability, Thl' form of deed of trust combines uniform -Covenants' for <br />national use and non.untlorm cO\'-enants With hnHted ...anatlon\ by Jurisdiction to constitute a uniform security instrumenf <br />covering real propc'rty This Deed of Trust shall he go....erned by fhe law of the JUrisdiction in w~jch the ProperlY is located, <br />In the even! that ~n)' prOVI1010n 01' c1aus-e ot thl~ Deed of Trust or the Note conflicts with apphcable law, such connic't shall <br />not affect olher pr(WISIOm of Ihls Deed of T rusl or the Nole which can h... given effect without the confticting provision, <br />and to Ihl~ end the pro"'ls!ons 01 Ihe Deed of Tru'Sl and the Note are declared 10 be severable. <br />16. BOffow-rr't Copy. Borrower shall be' tUClw..he-d a conformed (Opy of the NOle and or lhis Deed or Trmll at rhe rime <br />01 c~ecutlon or after recorda lion hereof <br />17. TraMfe--f 01 tk Propeny; A....,.,.. If all Of an)' parr of the Property or an interest lherem is sold or .ransterr~ <br />hr. '6orroweT wtthout Lender 5 prIOr wnlten cO-nsent, c.x.dudtn$- (~i the creation of It lien or encumbrance subordina1CA.to <br />thiS Deed of Tru"tt. ! b) the creatIon of a purchase money secunly 1Il1efC'St for household appltances, (c) a transfer-by devlH-. <br />descent or by operatIOn of law upon the death of a Jl,"lml tenant or (d) the grant of any leasehold interest ollhree years Qf less <br />not conHunlng an opho-n to pun:ha~. I cnder may. ~tt Lender's option. dc.clare all the lums secured by this Deed of Trust to be <br />Immo:hatdy due and payable. Lender shall have watved 1uch option 10 accelerate if, prior to the sale: or transfer~ lende,f <br />J.nd the person to whom ,the Properly J~ W be "iold Qr fransferred reach agreemenl in writing that the credit of such -penon <br />IS saltS-factory I() Lender ami thaI Ihe mteresl p;tyahk un the ~um~ secured hy lhis Deed of Trust shall be- at suc-h rate --as <br />f ernkr shall reqoest It Lender h~s waived the option w ac..:derate prOVIded m thiS paragraph 17, and if Borrower's successor <br />In mteresl has executed a wnllen assumption agreemenl accepted in writing hy Lender~ lender shaH release Bonower from <br />.all obhgaltom under thIS Deed of Trut.l and the Notc- <br />H Lender c~erCf~ ..uch option 10 at::{;cicratc_ I_Cotler :\hall mall Borrower noht:e ot a-ccC!leration tn accordance, ~ilh <br />p.ata~Japh 14 herwf Su(,'h notl1';c shaH prOVide d peood of ont IeS'i than 30 days rrom the dale the- nOlice 1$ mailed -within <br />~hlCh Borrower rnaj pa) Ihe sum!!, dc-dared due If Hormwer r.uh to pay ~uch sums prior to the expirati-on of such period-. <br />lender may, Without rUrth('f nOlice or demand on Borrower. Invoke any rerru:die1 permitted by para.raph 18 hereof, <br />NOk.LsIHlRM ('t..l"'liN".WlS Borruwer and Lender further covenant and agree 1$ follows:; <br />18. Ac<<l.ratioto; R.m....... be...... p.......... in P"""'Ph 17 h._', u_ ............ lore." of .n, co"_1 .... <br />-.:I'ft'ml'nt of Borro1llou in Ihis 0ft4 of Trutl, ih-('II.dine Ihe' co".n..." to pa)' ....111 d_ any ..__ MC-IINd-_by_ this,,-I)ecd <br />or T.....'. t..nd., prio, '0 ..<.......ion .hall mall ....Iic. '0 B"'...... .. ,....id... in _..... 14 henoI spedf,..., (I) th. <br />b<U<h; (2) C~ aclinn ,,,,,.i,... '0 cu,. .uch bn.h: (3) . d.,., not I.... Ih.n 30 """ ,..... IIIe ""... I'" 1I!>fk. Is rn'" 10 <br />Jlorruw~(. bJ ",'hich !,u(,'h brl'ach mUlt ~ {'urtd; .nd (4) tha' f.ilu", 10 ('UR 5lKh hreIIth' _ or be'oN 'he ....e- speriW <br />in Ih. _ic. m.) ,..uI, in o<<.....'ion 0' 'h. ...... ..cu.... by Chis I).... 0' T ".., ..... .... of th. ......."'. Tht nolI<< <br />~h.1I further in'orm Borro","CI of thr rikhl to fl'instafr afler accdt'n'. and the ria'" I" ...... . t'OU"- lIe"'n to asseit <br />th~ non-I'.dstl'ft<<' of a dt-fauU Of an) other defellw or Borrower to keeler.dOIl .ntl ale. If the breala is not cured <br />un or bdon- .hl' datI' "-pet'ified in thl' Itf)tiCI', l.nKkr .. Lendu', opt_ ma)' dedare aD of the $UIftS s<<uftd b)' Ibis Deed <br />of T,-usl to'" i",,,,"iatt'.)' d~ and p.)'abk- without fut1hu dt'mand and ....y io,,'"1' the power of saIe.......y other reIRedin <br />pc-rntiUrd b)' applinbit' I... torn., .all bf: endlit'd to ('olleet all Fe........ cosb an" ..pr... inc_vn'ed in punuinR the <br />rt'mNte!. pro"'ided in 'his pane,.,.. 18. indudinc, but 001 limited to. re-aso.... attonll'Y'J fees. <br />If the po_tor of We i:!i in.oke4.. l'I1KIt'e shall I't'cord a ftO'Kr of del.ull in I'ach ~oullty i.. which the Propen)' or some <br />pan '''''",of is located and shah mail t"opta of swh notiu in n,I' manQtr pr~ribe1l by applka" I.. to Borrower and to thlt <br />"lh.. ........... p<n<:ribod b) .pplkablt I..., AI.., Ih. I..... o'...ch .1_ .. m.y be ~.ln:d b, .p,lluble Ia.., T...... ,h.1I <br />l-h.- pulalk noCice or nle (0 .he penon' and in .hr manntr prt'Kribed by .pplk." I.". Trustee. without cIe....nd on <br />BorrowI'r. ~"I__U 'M PrOfN'n, at publk .uction 10 1he hichnt bidder a1 IhI' lilM and pI":lf and untie,. the' .....m5 dalenaled <br />in th.- notKe 0' Yk in OM or IItOf't' p'lfu-h and in such o...r .. T.....stH may ddenwillL- TI1I$Ift- ....y postpolM' sale of all <br />or an.,. p-8fU'1 of t.... Pro,.,,) by public MnftOUlK:lf...1 at the- lime and pia<< of an)' P"',"iOllSly ICht'tlule-d Ale. L~ndifr or <br />i.A'.....f'~" 0nieJM<<- may pw{"ftae tilt' Propt'rt, at any YW. <br />lJpoa ",uipl of p.y-me-M of the pme bid. Trustee ....... .klinr '0 the pun'h...r Trus..ee's dud cOft"..yinl 'hl'- Pf"opr-rt)' <br />:tOW. TtKo- rttitm in tbr Trwrlft'~ d<<d .dt.aD w pri.... ':KiI' ",-ide-tl",," of thl' truth of ._ .0t"""lI15 mlMle thenin. Tru~tft <br />'''all .pply .~ ........... 0' lh. .... in ,.... 'ollo..i., ...de" (allo all ..._noble c..... _ ....._ 0' ,h. ..I.. indudl..., bul <br />not "..... to. Tr'titff" fH'!/i of mot fftOft th... _J. 0 t')'.. of 'he Ir~ $811' pmt-, nuoaahM attoney', ff'ft and ("osb of <br />titJt. e-.We.JlU. ibt to all sum" ~1IR'd: by Ihis ()ee.d of Tnl.'M; .nd h') Iht- t'lC~~ if an}, 10 lIMo penon or penoN lct.aU, tnlillrd <br />'lIe_ <br />f9. IIonul'U"f';fl -iahl kl Rt'mvatt'. ~t*~'lth\,taO{hng t ~:nd1..('" a~,..:d("ro,HlOn \}! the \\lm' ~curcd h... ,hI" [k('d Iff 1 rn..! <br />ti(lu.)-wet "h4U h.a\;l' ."c right In h:il:\<c oW, pro...<<~dmg\ hq~un h) 1 endC'f 1~1 Cnf('ir..e thlS O....~~d \,f rnl..' dl....:11IHlOllcd at <br />l!f'Y f!mc pn-n-r!n !h~ Ci.!fh:'f 10 (}\...Uf d (JJ lh.;: M;h d.i"r pd,j,\: In( ...;l-e .:.f ific }~j'\lp.,:jh rlltU_\Mnt h' Ine pP'ACl {lj ..air ..,'nl,lmc,j <br />~1\ .tUlO ()C1,;d Hf f THioi tH If.j ('nlfY 01 a llldgJ'HCOI cn'-on~:lns: lh,.. lx--c-d uf 'f fw,l II i -J l B,'rl(lwer pay.. I \'n\Jt"r .lli \Um.. ..,hl.. h \"'l,jd <br />be In.-o due u-ndc! thl\ Deed of fru'\t, fh~ NOll" ;;lOU HOlt"... I;t'{;lfI08 fUfure A,-h3rK'l",. If .H'I'r, 03tl nn .)c(d\'r,tH~Hl 1......lHlt~\1 <br />Hon 8QfCVW'C:f ~HH'"\ all hn:Aicffi:\ uf "''')I o!hcr ;.'\'~Cfl.H.h Of OtJ1;rCl'menh tlf IhH ilt'l.\< ('1 ulI,tilH\et.! :n (t'H" t K-(",I ,d f rU"-l <br />~(j lW'lno...C'_~ pA~" aU r~"'iOIl4hi< tr'P<'f\"C" It\('urrt'il h~' I t'nJer and lr"\lc~: j(\ ('f\I'__'f,,-l!'lg !he (n~l~n.anl" .lp..1 .lll!f~',~OIt;r\!~ "~I <br />H.(1no'*'ff ~'Hmi*tnt'-d In thl\ f>t-e:'\t HI hu..t .fhj !Ii ('nh~fl,,:UlS I.c-nde(~ dnd I ru\.In'... fCOk"du.'\ ,1.'0 pr,l\ !\.k~d 111 fLU ,l~( ;~ph <br />h-t"-rt:,uf mdud-Htt.. bul Hot htiHh~d 1(,1 ff'<.iM.HHlbiC aHufney ~ let:.. .tflO h'l >>ilnt1.....ct I.,;.C'.. ''-lJ....'h :l1.11I'f1.... Il'nJ('j flliH lrt""ln.lh,. <br />f~1oil,j..ff h't il1;\UH' Ih.>>, Ihe- hen (_II Ihl-," [)(oed of 1,,-,...,_ I eudet" mlerc;I"j 'II in..- Propcnl <)nJ B..ffl-.....e-! "- "h!l~all"p I,' p", <br /> <br /> <br />