|
<br />I
<br />
<br />, .(
<br />84- 002781
<br />
<br />r
<br />
<br />by this Deed of Trust immediately prior to the date of taking bears to the fair marke[ 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, afrer notice by Lender to Borrower that the condemnor offers to make an award or settle a
<br />claim for damages, Borrower fails to respond to lender 'A1thin 30 days after the date such notice is 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 ",'Tiling, any such application of proceeds to principal shall not extend or postpone the due
<br />date of the monthly installments referred to in paragraphs J and 2 hereof or change the amount of such installments.
<br />10. Borrower Not ReIeMed. 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, the liability of the original Borrower and
<br />Borrower's successors 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 Burrower
<br />and Borrower's successors in interest,
<br />11. ForbeanllCe by Lewder Not. Walyer. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded
<br />by applicable law, shall nol 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 under shall nOt be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this
<br />Deed or Trust.
<br />12. Remedin eum.&.dwe. All remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this
<br />Deed of Trust or afforded by law or equity, and may be exercised concurrently, independently or successively_
<br />13, S_ .... Aulps _...; JoInl .... Se....1 U....Uly; Capllons, The covenants and agreements herein contained shall bind, and
<br />the ~ights hereunder shall inure to. the respective successors and assigns of Lender and Borrower, subject to the provisions of parqraph 17
<br />hereof. All covenants and agreements of Borrower shall be joint and several. The captions and headings of the paragraphs of this Deed of Trust
<br />are for convenience only and are not to be used to interpret or define the provisions hereof.
<br />1.. NotIce. Except for any notice required under applicable law to be given in another manner. (a) any notice to Borrower provided for-in
<br />this Deed of Trust shall be given by mailing such notice by certified mail addressed to Borrower at the Property Address or -at such other address
<br />as Borrower may designate by notice to Lender as provided herein. and (b) any notice to Lender shall be given by certified mail. return-receipt
<br />requested, to Lender's address stated herein or to such other address as Lender may designate by notice to Borrower 85-provided.-h~n.-,Any
<br />notice provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender when given in the manner desilD&tecHlerein~'
<br />15, Ualform Deed 0' Trut; Go._.. Law; Se....blllty, This rorm or deed of trust combines uniform covenants fornalional_and,
<br />non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument coverin8; real property; This Deed of
<br />Trust shall be governed by the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Deed'of
<br />Trust or the Note contlicts with applicable law, such conflict shall not affect other provisions of this Deed. of Trust or the Note which_caD be
<br />given effect without the conflicting provision, and to this end the provisions of [he De.::! of Trust and the Note are declared to be severable.
<br />16. Borrower-'!ij Copy. Borrower s.haU be furnis.hed a conformed copy of "Note and of this Deed of Trust at the time of execution or
<br />after recordation hereof.
<br />17, T.....'.r 01 I'" Property; _p_, Ir all or any part of the Property or an interest therein is sold or transferred by Borrower
<br />without Lender's prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to this Deed of Trust, (b) the, creation of
<br />a purchase money security interest for household appliances. (c) a transfer by devise, descent or by operation oflaw upon the death_ofa joint-
<br />tenant or ld) the grant of any leasehold interest of three years or less not containing an option to purchase, Lender may. at Lendcr_'s option.
<br />declare all the sum5 .secured by this Deed of Trust to be inmu:diately due and payable. Lender shall have waived such option to accaerate:U"
<br />prior to the sale or tram fer . Lender and tbe person 10 whom the Property is to be sold cr transferred reach agreemenl jn writina. thaUhe credit of
<br />such person is satisfactory [0 L-ender and that the interest payable on the sums set...-"Ured by this Deed of Truslshall be: at sueb rate as"Lcnder-:~-,~
<br />request. If Lender has waived lhe option to accelerate provided in this paragraph 17. and if Borrower'-s successor in intenst-has-_.~ted,.
<br />written asswnption agreement accepted in writing by Lender, Lender shall release Borrower from all Obligations under this Deed of Trust,and
<br />the Note.
<br />If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordance_ with paJ"agraph, 14_,b..,f.
<br />Such not.ce shall provide a period of Dot les5 than 30 days from the date the notice is mailed within which Borrower may pay the SuoiS-~
<br />due. If Borrower fails to pay such sums prior to the expiration of such period, lender may. without further notice or dem-.,r,on.JIQrroWel-,
<br />invoke an)' remedies permitted by paragraph 18 hereof.
<br />
<br />L
<br />
<br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree a. rollows:
<br />11, A<<eIeralIoII; Remedies. Ex.. as ......Ided I. ............ I7 be....f, upo. IIorrower'. ~,,(~,<lI~~;'!I'
<br />Borrow... i.l.... Doed 0' Trusl.ladadl..t'" CO'_I5IO pay w.... due ..,...........red by 1Il1o o..I....Jr...I~.I'!!i..( , ...
<br />dlaI1 naall nolke 10 .........w.r .. .....vldod I. JlU8If8iJIt 14 .......f "-,fyiq: (l) .... ~; (1) lite llCilaoI ..... 10_'-' (3).
<br />dak, not .... I.... 3O...,s 'rom .... dak 0' nolke is IUlIad 10 Borrow.... by wblc" ...... b..... ...t be......; .... (4) .......... to. .......
<br />_b ... or lid........ dak spedflod ill I'" .olke IIUI} mull In .culeralIon 0'......... _.red by _ Doed 0' ~ .........f...~.
<br />TIle aolke sIoaU ,utIoer lato_ Borrow... 0' lbe rtpl to roi.._ .Iler aa:e1eralIo. .... .... "'t to btflta . <OUt at""," to ...... ........
<br />exm.._ 0' . def.ull or _ otller def._ 0' lIonow.r to accelenollon ..d sale. If .... _ is ...1 ....... on or....on lite .... apedftetlla ...
<br />....Ike, Leader .1 Leader's opllon -, dedare all 0' .... ...... oecured by Ihis Doed of Trut 10 be.........., d.. ....1'lQ'.... wI......I.......
<br />demaad .ad IUY lavo.... t'" ....wer 0' _ _ atIJ' 01..... remedies permitted b, applicable law, Le...... dlaI1 ... ..lilIad to roIIact all -'Ie.
<br />cos15 _ .......... iDCorred I. pwsulll& .... remedies provided 10 __..ph 18, Indudllla, bolaol Dlalted 10, ......... ..I.....y'. f_,
<br />If.... ....w... 0' sale is 1..0......, Trus... .balIrecord a aolke of d.faull I. eadt cooaly I. wblcb .............., or _ ..... _f illocaIM
<br />aDd .balI naall eoples 0' ,u<b nolke i. t'" m_r pracrlbed bl appli<able I.w 10 IIorrow... _ 10 .... ol1ter ......... pn:lI<r\lIod by applIo:aI"
<br />law, ,""her....tapae o'..cb lime as -, be....1IInd by appli<allle la.., T.....I.. dlaI1........bIk .olke 0'_ lo.............ad......_
<br />praaibed by applicable J.w, TruIee, wl""'o. .......d on Borrower, .balI sell lbe Properly al publk ....,11... 10 llIe .......1 biddet .1 ....Iittoe
<br />_ pla<e ON! ........ .... knns _....1... 10 .... oolke 01 _ 10 ooe or "'0... pareels .1Id 10 su<b ord.r .. T_I.. IIUI} d......... T_'" DUlY
<br />pool....... ..Ie 0' aU or uy p.raI 0' .... Properly by publk ulWuoce_1 al .be ti... alld pla<e 01 atIJ' pre.loos11 ""bed...... _, l........ or
<br />tender'. ....I.....IIUI} porehaK .... Prope",al ,.,.ale,
<br />U_ .-IPI 01....,.......1 0' .... prke bid. T_'" ,ball dell.er to lbe PUK""" TOIl...'. deed co...ylll& IIIe Properly sold, T'" redtailln
<br />I'" Tr......'. _ dlaI1 he pr\DUI r_ evlde_ 01 .... 1nI111 0' .... ...t....n.. made lbenln. Trustee .ball .pply ,be Pl"O<Md5 0' .... _ In IIIe
<br />'.orI.. onler, (aJ 10 all_.... eoIl5.11d .__ of.... ......Ind.dlll&. but nol IlInll'" to, T.......... ,.... 0' .01 ...... tban _.__...3.-..01'
<br />0' 1IIe...... _ prl<.. ......... aUOf1le)'" rOft _ <...15 of lllle ..Idene.; (bilo aU .u.... secuml by tills Doed 0' r_I; and (<II'" ........ If
<br />oy, 10 l1Ie _ or _Iqall) ..U_I......lo,
<br />19. hU(jwutJ Jtiahtto ~tr, NOf.wittut~flJm:g Lender.... at:ct'I-eIllUu(; uf lhe :mm~ secured b) tilts Deed of Trn.'I!, Uorrowl'T :.-haU havt:
<br />the- fl&ht to M"'e >tny procC'-ct.lmp begun hy l..cnde! IV enfotce thu; f)~t<(id of 'hmH dIXOnt1nuC'd at all)' time- pOOl 10 (he- earlier to \.)Cl,.;UI of ,I) tht
<br />fihh t-m:t t~ft_'!t' !ht WI!! I)f lhe Prn~t1Y punuant HJ th~ pt.Jwn of !aJe t;uula-med HI lh.h Deed l)f"( tU~1 o. liiJ Wtt) of id Judg.ment cn[vr,,'Hlg dus
<br />i~j of lfU~l if, fA) irol'H;wt'{ par~ Lender -&11 ~um} w-hl-;;:h w()uid to\; [hen due ,ltW('( ltm Lkcd or l"f'lJSl. !hc Nuf\: a_ud lWI(';<; )C-C\JTHlg FUh1Hc
<br />
<br />
|