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<br />002654
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<br />9. ~rcnde-mMtion. 1 he rroceeJ~ of :my ;nvard or :..-!alm for damages. di~t.! 0r t'0n!~qoentj3L in cnnnf!ction with any
<br />condemnation or other taking of the Property. or pan thereof, or for c(mveyance in lieu of condemnation, are hereby assigned
<br />and .hall be paid '" Lender
<br />In the event 0f a tnlal taking of the Prope-rty, the proceed__ shall he applied to the sums secured hy this Deed of Trust,
<br />with the excess. if any. paid to Borrower In the event of J partial taking of (he Propert~, unless Borrower and lender
<br />otherwise agree in writing. there I;.hall he applied 10 the sum... secured oy this Deed of Trust -such proportion of the proceeds
<br />as is equal to that proportion which the amount of the sums <.;C'cured by this Oeed of Tmst immediately prior to the date of
<br />taking bears io the fair market v.3:tue f,f the PiGpen;, immediai:ely prior fo the date of taking, with the balance of the proceeds
<br />paid 10 Borrower
<br />If the PropeJ1y J<; abandoned by Borrnwer. or if. after notice by Lender tD Borrower thaf the condemnor offers to make
<br />an award or seWe a daim for damages. Borrower fails to respond 10 Lender wilhrn 30 days after the dale such notice is
<br />mailed, lender is authonzed iO collect and apply the- proceeds, at Lender's option. either to restoration or, repair of the
<br />Pr0perly or to the ...um-s secured hy this need of Trust
<br />Unless I ender .and Borrower otherwise agree III writing. .tny such ltpplication of proceed.s to principal shall not extend
<br />or postpone the due date of the monthly ~nstallment~ referred III in paragraphs I and 2 hereof or change the amount of
<br />\uch installments
<br />to. 8o,rowtr Not Rt'k-awd. ElIitc'O';.ion of !he lime lor naymen{ or modific31ion of amortization of the sums secured
<br />by this Deed of Trw;t granted l:ty I coder fO uny \ucceSSQf in in'teres.t (,f Borrower 'ihall not operate to release, in any manner.
<br />the liahillty of the ~1rjginal Borrower :ind Borrower".;. successors In intere,"t Lender shall not be required to commence
<br />prnceedrngs ~tgamst \uch succe;.SDr (If fdllS~ 10 extend time fOf paymcnl or olherwise modify amortization of the sums
<br /><;ecured hy this Deed of TrtL\t by reason of any demand made hy the original Borrower and Borrower's successors in inlerest.
<br />II. Forbeantnn by Lender Not a Wai\le-r, Any forbearance l1y Lender 10 e:~ercising any nght or remedy hereunder, or
<br />otherwise :Jfforded hy applicahle taw, ~h.3ll not Oe a waiver of or preclude the exercise of any such right or remedy.
<br />fhe procurement 01 Insurance Of the paymenl of tilxes or other liens or charges by Lender shall not be a waiver of lender's
<br />r;f;:~: ~D :lccek;;;.:.: ~~c ~.a!-:.:r::y :..~t :he ;:~dt:'f::::C'~e~$ '-,ect:!";~rl hy th:~ Deed c! Tru.....t
<br />12. Remedies CumPlatn.., A.1l remcdn~'\ pr.....u.ied m thIS Deed i,1f Trust are distinct and cumulative to any other right
<br />or remedy under th!'i Deed of Trus.t ur afforded nv law or equity. .and may be ex.ercised concurrentty. independently or
<br /><,occcs.."jvefv
<br />13~ Su('Cf$SOr\ unci Assicns Bound; Join. snd Mv~ral l.iabUity; ('aptions. The covenants and agreements herein
<br />contained shall hind. and fhe nghrs hereunder ...hali \flUfe 10_ the fcspecllve successors and assigns of Lender- and Borrower-.
<br />subject to the pr-ovlslons of paragraph 17 hereof All I.;ovenants .1nd agreements. of Borrower shall be joint and several.
<br />The capuon.-<; ;tnd headmgs o~ the pan1~raph5. ~'f thi.. Deed oi Trust are for cl)nve-nience only and are nOl 10 be used to
<br />Interpret or define tbe provlSIOOS hereot
<br />14. Notke. E~-cept for any notice re-qUIred under apphcabfe law to be given in another manner. (a) any notice to
<br />Borrower provided for Hl {his Deed ot Trust shall he given by mailing: such notlce by cenified mail addressed to Borrower at
<br />(he Property :\tidrcMi Of at ~uch other address as. Borrower may designate by nOlice to Lender as provided herein, and
<br />(h) any nottc-c 10 I.ender shall he given by certified mall. return receipt requested. to lender's address stated herein or to
<br />such nther address as Lender may designate- by nOlice to Borrower as. provided herein, Any notice provided for in this
<br />Oeed of Trust shaH roc deemed to have hee.n ~lVen to Borrower or L coder when given in the manner desitt:nated he-rein.
<br />tS. Unifonn Ilffd of Tnm; (;ovt"rnipt tjlW; Sennd..lity. Thl... hmn uf deed of trust combines umform covenanls for
<br />national ~r ami o()n,undorm t:lwenants wllh IInllled Vanatlons h) Jurisdiction to constitute a uniform security instrument
<br />co'Venng fcul property nus Deed 01 lrust shaH he gQve:rnC\J by the law ......f the JUrisdiction In which the Propert-)' ls localed.
<br />In the c\'cnt that 4tIlY PHlVt">Wll or daus-e of thl~ l}ecd of Trust or the Note \"~onflicts with applicable Jaw. such connict shall
<br />nol affect nth(:f rHtVls-IOO~ pI !hl" Deed of -, rust or the Note which I.'an be given effect withoUl lhe confticting provision.
<br />and to Ih:s end the- prOVlSIOl)$, ot ~bc :Deed of _Tlnm and -1M' Note are declared to be seven.bte.
<br />I.. .80no....'. Copy. llo., ~. ........ .....~flll1't... .!IIIed. . . .'a"""......I.otm.. ed copy of the Note and of this De.ed or Tru.'ltal tbelime
<br />uf execuU-on Uf' aH~r r<<l"rd--~tJon tt!wL.. "- -. -)l~ " -~~
<br />17. T.-I.. ollhe .........y\l\......... .U.all.,r ant'pint of Ihe Property or an interest therein is sold or trao.ferred
<br />hy Borrower wtthou{ Lemler's pr~-('.iUeft consent. t':\duding 'a} the creation of a Hen or encumbrance suoor-din_atc to
<br />this [ked of Tru~L (b) the creation of a purchase n'U.)Oc)' :'lt1:urily inh~Test [or hOUJiChold applianccst (c) a transfer by dcvise~
<br />uescent Of by opt:rMIQfi of law upon the: death of a ftlml tenant Of {d} the grant of any leasehold interest of three- yeaf$ or less
<br />not cQut.:unmg an optIon 1(.1 pun:hlUC, lender ma)', :il Leoder'$ optiun. dt.-clare -all the sums secured by this Deed-,of Trust to-be-
<br />Ilnmedl3tely dot' ~nd payable. Lender snail havt YI-aweU su,h l..lptlOn 10 accelerate if, prior to lhe sale or trall$fer~ lender
<br />.too tbe ~r~H Iu WlK'J-m Jhe Propeny ~'!I> co be soh.i fIr trBnsferred l'cacb a~.}elneJtt 10 writ.hi that the cred-Jt of. s\lch -perw:o
<br />rs sattsJaclOO-' to I,ender dnd tbai lbc- mterest p~yab1c on the !!Oums s.ecurerl by this Deed of Trust shalt be at such rate .as
<br />Lender s.huH requefOt. H Lender has waived the option to aCi.':ckratc provaied in this paragraph n, and if Borrower.s--SlK::CCSIOf
<br />In intercst has executed a wnlten assumphon agr<<m~nt al..:\;epled Jtl WIlling by Lender, Lender sball rcleaie Borrower from
<br />aU obhgahOt~ under thl:~ [)cc.J of Trust ttfl/,l the Note.
<br />if t.ender C'xa"-:Isn ~uch (t-puon to ~Ci:eicf,H~, Lender ~ha!l mail Borrower notice or acceleration in accordance, with
<br />paragraph 14 htJ-reoL Such notice s.hail pro\'Hie_ a pe-flOO {l-! lhJ\ ku than 30 days from the date the notice is mailed within
<br />WhlCh B()rr-()\lo:'e: mOl} PC) the :!\Ut!ls- dcd.HcO due. Ii Borrower falls It,"} pay su-\:h sums prior 10 the expiration of such period.
<br />Lender may. \.lil:houllurther noJICC: or demand on Borrower, invoke an)' remedies permitted by paragraph 18 hereof.
<br />NON-UNH-ORM C{Wt-_NIt,NlS. 80rrowef and Lender further covenant and agree as follows:
<br />18. ,\.n~lera1ioa; R."",dios. ~:'e~pI'" pro.ided in pa,,'IInplo 17 htreof, upoa Borr..wer'. b_1t of ...y eove_ or
<br />_...~nt of 8o.row~r in Ih.. UNd 01 TnW. jndwlinc th~ ro..naall to pay "hell d.... ..y ._ .KU.... by lhis Deed
<br />of Tru.'il. I...nd... prior to Meek.ation shall mail notie. to Bo..o.... as pro.lded in ......npll 14 he......p.dfyiolc' (1) the
<br />breach; (21 lhe a<tioa req..i.ed to run such bnll<b; (31 a dal~. out 1_ t..... 30 daYI f..... lhe dal~ t'" Dutke is .aIIed ,..
<br />Iorro..<<. hy whieb ,ueh brrll<h muot ... rund; aud (4) that IIIII...e 10 eun such b_h 01\ or ...,.... ,... dale ~
<br />I. the notk. may result in ar<el~_ <1f th~ ....... seeund by lhis flt<d of Tnost a.... .... of t... .........rty. TIle notice
<br />shaU fu""". iof...m 8o..o..~. of the riabl 10 rWasIak afl.. ..e....a_ aI\d lhe riIIat 10 10.... II rourt ll<IioJI 10 _rt
<br />I'" nuo-uisten<e of a .defa..h or aoy other dor~.... of Borrow.. 10 aee.l~raIioo .......... If lhe bruch is not eu....
<br />00 0' bdorr the daI~ .,.,cikd io Ih~ DOIie<, lAude. at IAnd~.'s oplion may dK..... 011 of the ""BS se,urt<! by Ihis Oted
<br />of T ....1 to he i...medlal~lY dlOe aud payable ..ithout f urtlle. de........ and _y iovok~ the po..e. ..f _ ..d DY other ~
<br />...nnllled hy applicable I..., l..eodtr shall ... ~.11I1td 10 _I all _..... c..... and ex,.,_ locumd ill Punuilll the
<br />nnwdlo$ pro.i....d ill II.. ........c.... 18, iMloodiIolC. btol not limited 10, r.-.oabIe allum.y'. f-.
<br />If the po><<r or _ is in,"'''. T....... shall ",<onl a nolic< of defa..1t in ueh <oul\ty io ..hlch the p.........y or .......
<br />part therrof is located aad stuoll mail co'" of such noli<< in lhe m_' pn:un'bed by applicable law to Burro..er ... 10 lhe
<br />ot....r pe"""" pn:uribcd b)' "l'plkabIr Ia", Aft~. lhe 1_ of s..,b lime ... may he required by applicable Ia... Trut<< .h.u
<br />~l.. puiIIk notic< of ... tv lhe ,.,....... and in lhe ....uo<' pn$Cribed by applicable la.., Trustee, ..ithoul do_d on
<br />...m....... <hall..U I'" """"rty at puhlk auction 10 lhe hiChnt bid<k. alth~ lime and pla,:e and under Ihe lermlI dosil......
<br />... 'he .....le. of oak I. ODe........... parcels and In such ordor lIS Trusl<< ....y d~l~rmllle. T.....I~. may postpoo. _ of .u
<br />or ..y ....eel of the p...,.,rty by publk a._.......... at the 'ime and place of any pre.l......y "'b.duitd.... Londer or
<br />IAtod<<'. do.lptt ....y p..........lhe Property al any....,
<br />Upoa ~lpt of pay_ of lhe prire bid. Trust"" oluoIl dtliv~r 10 the puKha.... T....."""s tlerd ronveyi"llhe Property
<br />"""'. ....... r<<it.... in lho T"""n', ....d oluoIl he ,..;- flld~ ../<kn<< of lhe truth of lhe .tal'm~nts mllde lheftla. T.....ft
<br />""'..".y .... p.....u. of .... >ale 1ft lhe, folio.... otdtr: (olIo all .."""nable <0$1' .... ~.,........ or ,he,""'_, Includl"ll. btol
<br />"'" lIoolied 10, T_ltt's ,... of not mo.. ...... 3" of I "" 0' Ih~ It..... sak price. retoSOnahl< Illtom.y'. f... .nd ._ or
<br />lllIl'....-; {1o).1>.......... _.....<1 by ..... o..a of T.....I; and (,'Jlhe ......, if an)', 10 lhe penon or ,.,.....ns leaaI1y ~u.ltled
<br />......
<br />".. ...rmWf'f"s R... to Rdllllatt. NotwtthiHH'Hhng Lt~nder's ,Kl;tl-trattoo pI th-t -sum, !I.('{:'uTcd by thIS Deed of Trust.
<br />Botr~f _ sh.n QVc thf! daht, fo ha\'e any proctl'"din{t'S bc~un by Lender It1 enforce this Deed of Trust disconunHe~ at
<br />aAY ~ime- pHOf hi the e~rtir-r to tlc;:('Uf ot (I) the fifth day before the ....ale of the Pnj-pert,' punuant to the powl:r {)f u!t' -cvntatncd
<br />ta H\B Oted of T-nt$f Of {in L~J\try ~r. ;udgmenl enforcing. thh {lc.c-d d TrU:';J ff: {a) Borrower ray, 1 coder ,ill sum.~ which would
<br />be: I~ dut" l~dt:r 'h~,,_ tkJid !.It rnJ~!. the- Nole and n(lte~ \t"_":,ifmg Futur-c "dvarK.t~s. If dA)'. had no ~';;;ckratjm\ OC(Ufft-U:
<br />it'll Iort'ower t~utt'\ aU Mi:lK'hci vf any other Hwtnanh \H agte-emt11h n( nOrr~)\\'ef t,'nflla.jneu m Ihi'\. Oe-cd l."If Trust:
<br />(e.) Ik~nw~: pat~ ~JI ru~~nj}hlt! npe-nW~ !rt<:u~-~d by t :-hd-:r rfno TWUC'e in en(on.',n& ih(' -\.'(w(rutnh 3-nd a~rf.'Cmcnl:S pf
<br />a()f~.t (:oo~:l-i.:l~ed U~ ~hf~ 1Je:-c4 t.'1f l'wd and tf1 tnff'l';:'fnl l,.t"rtdN'~ ltnd Tru,.tcc'" rt'IlH:-dH:\ n<;. [\ronded m rangraph \ S
<br />~_f1'Ct l-1tt;:tw:bnJ._ hl.Jf fn:~t hn'Htt'd kt-, rei\<<>>~,*ble ~fti}ftw;~ " fe~: and ~dl B()-:ffTl-W"("T Vdt("il ~Itt'h ~cH(~" .a.~ I end~r may !'"(,~.\J.."nnahlv
<br />ftq_Ut'1t' ,__p ~~\"tfrl' 1Mt the ':\.:0 i."-f thu r~J Hf hu..., f t~J;H.t(tr'" lHh':n:'it H\ *he p'n.1l'X:'rtv and Hnpp'oH'-" ,~-hh~.ltHm !\~ p.n
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